Consumer Insights
Uncover trends and behaviors shaping consumer choices today
Procurement Insights
Optimize your sourcing strategy with key market data
Industry Stats
Stay ahead with the latest trends and market analysis.
Base Year
Historical Year
Forecast Year
Value in AUD billion
2024-2032
Australia Senior Living Market Outlook
*this image is indicative*
As per the Australia senior living market analysis, senior living communities provide access to various levels of care, including assisted living, memory care, and skilled nursing, ensuring that residents receive personalised support with activities of daily living (ADLs), medication management, and healthcare needs. Nursing care facilities in senior living communities offer round-the-clock medical care, encompassing support with medication management, wound care, and management of chronic diseases.
These facilities specialise in addressing the specific health needs of ageing individuals, such as mobility assistance, physical therapy, and specialized dementia care. The market expansion is being fuelled by the rising demand for memory care facilities that provide specialized knowledge and trained personnel who comprehend the distinct challenges and needs of individuals with memory impairments. As per AIHW, around 800,000 people aged 65 and over used home support services in 2021–22.
Australia Senior Living Market Summary | Description | Value |
Base Year | AUD Billion | 2023 |
Historical period | AUD Billion | 2018-2023 |
Forecast Period | AUD Billion | 2024-2032 |
Market Size 2023 | AUD Billion | 6.7 |
Market Size 2032 | AUD Billion | 11.7 |
CAGR 2018-2023 | Percentage | XX% |
CAGR 2024-2032 | Percentage | 6.4% |
CAGR 2024-2032 - Market by Region | Australian Capital Territory | 7.3% |
CAGR 2024-2032 - Market by Region | Western Australia | 6.6% |
CAGR 2024-2032 - Market by Property Type | Memory Care | 7.3% |
Market Share by Region | Queensland | 19.1% |
Various factors and trends contributing to the development of the Australia senior living market include enhancing quality of life through wellness programs such as meditation and nutritional classes. Additionally, technological advancements in wearable devices, remote healthcare assistance, and telemedicine are improving the quality of life for senior individuals. Efforts are also underway to enhance sustainability in senior living facilities through recycling programs and energy-efficient building designs. Initiatives like reminiscence therapy and personalised care approaches are being implemented to support seniors dealing with dementia.
Australia Senior Living Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Property Type
Market Breakup by Region
Assisted living holds a major share in the Australia senior living market by providing comprehensive care, promoting independence, and creating a supportive community environment tailored to the needs of elderly residents.
CAGR 2024-2032 - Market by | Region |
Australian Capital Territory | 7.3% |
Western Australia | 6.6% |
Victoria | 5.8% |
New South Wales | XX% |
Queensland | XX% |
Others | XX% |
The growth of the senior living market is driven by the increasing adoption of sustainable practices, personalized care approaches, adaptation to an ageing population, enhancements in safety and security, and advancements in technology.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
Get in touch with us today for customized, data-driven solutions tailored to your unique requirements!
The market was valued at AUD 6.65 billion in 2023.
The market is projected to grow at a CAGR of 6.43% between 2024 and 2032.
The revenue generated from the senior living market is expected to reach AUD 11.65 billion in 2032.
Based on the property type, the senior living market is bifurcated into assisted living, independent living, memory care, nursing care, and others.
Key players in the senior living industry are Settlers Apartments Pty Ltd, Group Homes Australia Pty Ltd, RA (Holding) 2014 PTY Limited, Agedcare101 Pty Ltd, LDK Healthcare Pty Ltd., Aveo Group Limited, Keyton Holding Pty Limited, Adventist Senior Living, and Living Choice Australia Pty Ltd., among others.
The market is broken down into New South Wales, Victoria, Queensland, the Australian Capital Territory, Western Australia, and others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
Report Features | Details |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
Breakup by Property Type |
|
Breakup by Region |
|
Market Dynamics |
|
Competitive Landscape |
|
Companies Covered |
|
Our step-by-step guide will help you select, purchase, and access your reports swiftly, ensuring you get the information that drives your decisions, right when you need it.
Choose the right license for your needs and access rights.
Add the report to your cart with one click and proceed to register.
Choose a payment option for a secure checkout. You will be redirected accordingly.
Pricing Plans
One User
Five Users
Unlimited Users
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.
Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.
We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.
We ensure that you get unmatchable competitive advantage by providing detailed insights about the existing market scenario as well as the emerging and high growth markets.
Regions and Countries with the Highest Number of Returning Clients
Projects delivered with customization
Projects involving industry specific expertise
Analysts Support
Corporates choose us as their preferred partner
Commitment to Excellence
Diverse Teams
Innovative Solutions
Client Centric Approach
Continuous Improvement
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-120-433-0800
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City,1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124