Market Insights Health Hospitals Inpatient Care

Other Inpatient Care - Australia

Australia

The Other Inpatient Care market in Australia is expected to witness significant growth in the coming years.
According to projections, the revenue in this market is set to reach €22.48bn AUD by 2024.
This indicates a positive growth trend for the market.
Looking ahead, the market is anticipated to maintain a steady annual growth rate (CAGR 2024-2029) of 3.73%.
As a result, the market volume is forecasted to reach €27.00bn AUD by 2029.
In comparison to other countries globally, United States is projected to generate the highest revenue in the Other Inpatient Care market.
With an estimated revenue of €320.70bn in 2024, United States holds a significant share in the global market.
This highlights the prominence of the United States in terms of revenue generation in this market.
The demand for specialized inpatient care services in Australia is growing rapidly due to an aging population and increasing prevalence of chronic diseases.

Key regions: United States, China, India, Japan, Canada

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Methodology

Data coverage:

Data encompasses B2B, B2G, and B2C spend. Figures are based on revenue received by hospitals from public or private sources, allocated to the country where the money is spent, including VAT if applicable.

Modeling approach / Market size:

Market sizes are determined by a bottom-up approach, based on a specific rationale for each market market. Next, we use relevant key market indicators and data from country-specific associations, such as healthcare expenditure per capita, health risk factors, public health spend, and GDP. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of techniques is based on the behavior of the particular market. For example, forecasts are based on historical developments, current trends, and key market indicators, using advanced statistical methods.

Additional notes:

Data is modeled in US$ using current exchange rates. The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.