Product Code: CMI840
Global home healthcare market is estimated to be valued at USD 401.10 Bn in 2024 and is expected to reach USD 702.11 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 8.3% from 2024 to 2031.
Report Coverage |
Report Details |
Base Year: |
2023 |
Market Size in 2024: |
US$ 401.10 Bn |
Historical Data for: |
2019 to 2023 |
Forecast Period: |
2024 to 2031 |
Forecast Period 2024 to 2031 CAGR: |
8.30% |
2031 Value Projection: |
US$ 702.11 Bn |
Figure. Home Healthcare Market Share (%), By Region 2024
Global home healthcare market has witnessed growth in the past few years due to rising geriatric population, increasing preference for home settings over hospitals or long-term care centers, and technological advancements in home care products and services. Home healthcare provides medical care and services to patients at their home for illnesses or injuries that otherwise may require hospitalization or care at nursing home. It allows patients to receive medical treatment while staying in the comfort and privacy of their own home surrounded by loved ones. Moreover, home healthcare solutions reduces medical costs, and are more convenient to receive continued care post-discharge from hospitals or facilities. Global home healthcare market growth is driven by growing chronic diseases and preference for in-home medical care.
Market Dynamics:
Global home healthcare market growth is primarily driven by rapidly aging population prone to chronic diseases and mobility issues, increasing healthcare costs leading to a preference for lower-cost home treatment over prolonged facility stays, greater availability of insurance coverage and reimbursement for home medical equipment and services, technological advancements enabling remote patient monitoring and more effective in-home care, and a global trend of healthcare moving from hospitals to home settings. However, significant costs associated with home healthcare devices and technologies, shortage of home care workers, and inconsistent reimbursement policies across regions can hamper the market growth. Increasing investments by market players, growing demand in developing countries, and emergence of connected devices and digital platforms can offer new market growth opportunities.
Key Features of the Study:
- This report provides in-depth analysis of the global home healthcare market, and provides market size (USD Billion) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global home healthcare market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include 3M Health Care, Bayer, Roche, Abbott Laboratories, Cardinal Health, and GE Healthcare
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- Global home healthcare market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global home healthcare market
Detailed Segmentation-
- By Product & Services
- Product
- Diagnostics and Monitoring Home Devices
- Therapeutics Home Healthcare Devices
- Mobility Assist Devices
- Medical Supplies
- Services
- Rehabilitation Services
- Telehealth and Telemedicine Services
- Infusion Therapy Services
- Respiratory Therapy Services
- Unskilled Home Healthcare Services
- By Indication
- Cardiovascular Disorder & Hypertension
- Diabetes & Kidney Disorders
- Neurological & Mental Disorders
- Respiratory Disease & COPD
- Maternal Disorders
- Mobility Disorders
- Cancer
- Wound Care
- Others
- By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East
- Africa
- Company Profiles:
- Kindred Healthcare
- LHC Group
- Amedisys
- Encompass Health
- AccentCare
- Brookdale Senior Living
- BAYADA Home Health Care
- Almost Family Inc.
- Addus HomeCare
- Elara Caring
- Interim HealthCare Inc.
- Trinity Health At Home
- Right at Home LLC
- Home Instead Senior Care
- Compassus
- Aveanna Healthcare
- Maxim Healthcare Services
- VITAS Healthcare
Table of Contents
1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snapshot, By Product & Services
- Market Snapshot, By Indication
- Market Snapshot, By Region
- Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Opportunities
- Impact Analysis
- Market Trends
- Key Developments
- Regulatory Scenario
- Acquisitions and Partnerships Scenario
- Funding and Investments
- PEST Analysis
- Porter's Analysis
4. Global Home Healthcare Market - Impact of Coronavirus (COVID-19) Pandemic
- Overall Impact
- Government Initiatives
- COVID-19 Impact on the Market
5. Global Home Healthcare Market, By Product & Services, 2019 - 2031, (USD Bn)
- Overview
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Product
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Diagnostics and Monitoring Home Devices
- Therapeutics Home Healthcare Devices
- Mobility Assist Devices
- Medical Supplies
- Services
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Rehabilitation Services
- Telehealth and Telemedicine Services
- Infusion Therapy Services
- Respiratory Therapy Services
- Unskilled Home Healthcare Services
6. Global Home Healthcare Market, By Indication, 2019 - 2031, (USD Bn)
- Overview
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Cardiovascular Disorder & Hypertension
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Diabetes & Kidney Disorders
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Neurological & Mental Disorders
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Respiratory Disease & COPD
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Maternal Disorders
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Mobility Disorders
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Cancer
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Wound Care
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Others
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
7. Global Home Healthcare Market, By Region, 2019 - 2031, (USD Bn)
- Introduction
- Market Share Analysis, By Region, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020-2031
- Regional Trends
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product & Services, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Indication, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 - 2031, (USD Bn)
- Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product & Services, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Indication, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 - 2031, (USD Bn)
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product & Services, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Indication, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 - 2031, (USD Bn)
- U.K.
- Germany
- Italy
- France
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product & Services, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Indication, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 - 2031, (USD Bn)
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Middle East
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product & Services, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Indication, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 - 2031, (USD Bn)
- GCC
- Israel
- Rest of Middle East
- Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product & Services, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Indication, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country/Region, 2019 - 2031, (USD Bn)
- North Africa
- Central Africa
- South Africa
8. Competitive Landscape
- Company Profiles
- Kindred Healthcare
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Market Strategies
- LHC Group
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Market Strategies
- Amedisys
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Market Strategies
- Encompass Health
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Market Strategies
- AccentCare
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Market Strategies
- Brookdale Senior Living
- BAYADA Home Health Care
- Almost Family Inc.
- Addus HomeCare
- Elara Caring
- Interim HealthCare Inc.
- Trinity Health At Home
- Right at Home LLC
- Home Instead Senior Care
- Compassus
- Aveanna Healthcare
- Maxim Healthcare Services
- VITAS Healthcare
9. Analyst Recommendations
- Wheel of Fortune
- Analyst View
- Coherent Opportunity Map
10. Reference and Research Methodology
- References
- Research Methodology
- About us and Sales Contact