Market Size of Australia Hospital Supplies Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 10.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Australia Hospital Supplies Market Analysis
The Australian hospital supplies market is expected to witness a CAGR of 10% during the forecast period. Certain factors that are driving the growth of the market include increasing incidences of communicable diseases and growing public awareness about hospital-acquired infections (HAIs).
- According to the Department of Health, the Government of Australia, communicable diseases are to be considered a significant public health priority. The health problems currently faced by Australia are very diverse, such as foodborne diseases, sexually transmitted diseases, and the emergence of antimicrobial-resistant bacteria, vaccine-preventable diseases, and vector-borne diseases.
- The Office of Health Protection (OHP) is engaged in a range of activities to reduce the incidence and the social and economic impact of communicable diseases.
- The National Framework for Communicable Disease Control brings together the government, agencies, and committees under the goal of strengthening the defense against communicable diseases, and recommends outcomes required to achieve the key objectives, including improved communicable disease prevention, detection, and response, as well as improved organization and delivery of communicable disease control.
- However, emergence of home care services is expected to hinder the market's growth. Australia has had a national home care program for around 20 years. The country's national home care program, called HACC, has been developed to provide a comprehensive range of services to mainly support frail, aged people and people with disabilities in their home, and also to prevent their premature admission to residential care. The traditional home care services include home nursing, homemaking, and delivery of meals.
