Australia Geriatric Healthcare Market Set to Double by 2033 Driven by Aging Population and Digital-First Senior Care

As Australia’s population ages, the demand for specialized geriatric healthcare is surging — and the numbers back it up. According to IMARC Group, the Australia Geriatric Healthcare Market reached USD 25,575.8 million in 2024, and is forecast to expand to USD 50,701.6 million by 2033, growing at a compound annual growth rate (CAGR) of 7.9% between 2025 and 2033.

This doubling in market size reflects a deep structural shift in how healthcare is delivered to older Australians: away from traditional hospital-based care, and toward personalized, home- and community-based services, supported by digital technologies, preventive medicine and a broader policy focus on enabling independence and well-being among seniors.

Why the Market Is Growing So Rapidly

The growth of the Australia Geriatric Healthcare Market is being powered by several converging forces.

First, demographic change is the most fundamental driver. The proportion of older Australians is rising, increasing the absolute number of seniors who require ongoing medical care, chronic disease management, and support for age-related conditions. This growing geriatric population is creating a sustained demand for both services and products tailored to elderly care.

Second, there is a strong shift toward home-based and community-oriented care models. Rather than relying solely on institutional care, many seniors and their families are opting for services — such as nursing, rehabilitation, personal care, and remote monitoring — delivered at home. This approach supports independence, reduces hospitalizations, and aligns with evolving patient preferences and lifestyles.

Third, the integration of digital health technologies is transforming geriatric care. Telehealth services, wearable sensors, and electronic health records are increasingly used for remote monitoring, medication compliance, and real-time tracking of chronic diseases. Such technologies make care more accessible and efficient, especially for seniors with mobility constraints or chronic conditions.

Fourth, there’s growing emphasis on preventive and proactive aging interventions: early detection, lifestyle interventions, fall prevention, cognitive health support, nutrition and physical activity programs. By shifting focus from reactive care to prevention, the system aims to reduce long-term healthcare costs and improve quality of life for older adults.

Finally, government support and evolving healthcare policies play a critical role. Funding and policy initiatives that encourage aging in place, support workforce training in eldercare, and promote community-based care models are helping shape a market environment conducive to growth.

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What the Opportunities Are

Here are some of the most promising business and investment opportunities unfolding within the Australia geriatric healthcare market:

• Expansion of Home-Healthcare Services: Providers offering home nursing, personal care, physiotherapy, and rehabilitation have a growing market, as many seniors prefer to age in place rather than move to institutional care.

• Digital Health & Remote Monitoring Solutions: Telehealth platforms, wearable sensors, digital health records and remote-care software for elderly patients represent high-growth opportunities, especially for tech-savvy startups and health-tech firms targeting senior care.

• Senior-Focused Medical Devices & Products: With age-related conditions like arthritis, mobility impairment, hearing or vision loss, there is rising demand for mobility aids, orthopedic devices, hearing aids, personal care products — creating openings for manufacturers and retailers.

• Preventive Health & Wellness Programs: There's growing scope for preventive-care services — wellness coaching, fall-prevention programs, nutrition & diet planning, mental health support, chronic-disease management — to reduce long-term care burdens while improving seniors’ quality of life.

• Assisted Living & Nursing Care Facilities: Even as home care grows, assisted living and nursing care facilities remain vital — especially for those requiring more intensive care. Investment and expansion in these facilities could meet the needs of seniors seeking a blend of care and autonomy.

• Specialized Care for Disease Indications: Segments addressing cardiovascular diseases, neurological disorders, diabetes, musculoskeletal issues, respiratory illness, cancer and more will grow — offering opportunities for specialized clinics, care centers and focused service providers.

• Regional & Rural Outreach: Considering regional segmentation across states and territories (e.g. New South Wales, Victoria & Tasmania, Queensland, Western Australia, Northern Territory/Southern Australia), there’s a gap — and thus opportunity — in expanding geriatric care services to underserved or remote areas.

• Integration of Multidisciplinary Care Models: Coordinated care services — combining primary care, allied health, rehabilitation, mental health, social support — can become a competitive differentiator, appealing to seniors and families seeking holistic eldercare.

Recent News & Developments in Australia Geriatric Healthcare Market

• March 2025: The government allocated additional funding to bolster home-based aged care services, expanding subsidies for home-visit nursing and remote patient monitoring. This move supports the broader push towards aging-in-place and reduces reliance on institutional care.

• July 2025: New investments by leading health-tech firms launched a next-generation wearable and telehealth platform tailored for seniors, enabling remote monitoring of vital signs, medication adherence and chronic disease management — a key step forward for digital geriatric care.

• October 2025: A national health-survey report showed that over 18% of Australia’s population is now aged 65 or older — up from prior years — underscoring the accelerating demographic shift and reinforcing forecasts for geriatric care demand and market expansion.

Why Should You Know About Australia Geriatric Healthcare Market?

The Australia Geriatric Healthcare Market matters — deeply. For investors and businesses, it offers a rare instance of long-term, demand-driven growth fueled by macro-demographic changes, evolving care preferences, and technological innovation. Companies that build scalable, home-based, tech-enabled elderly care solutions stand to benefit significantly.

For healthcare providers and service operators, this is a call to evolve and adapt: traditional hospital-centric care models may no longer meet the needs or preferences of a growing senior population. Embracing home care, preventive interventions, digital health, and integrated care services can unlock new growth trajectories.

For policymakers and public planners, the market underscores the urgency — and opportunity — in developing eldercare infrastructure, supporting community-based care, enabling preventive health, and investing in workforce and technologies that support aging in place. With nearly doubling of market size expected by 2033, the social and economic impact could be substantial.

In short: as Australia ages, geriatric healthcare is no longer a niche — it is becoming a mainstream, high-growth, strategic sector with wide-ranging implications for health, business, and society. s