Home Healthcare Market Size, Share & Trends Analysis Report By Equipment, By Services, By Indication, By Region And Segment Forecasts From 2022 To 2030

Report ID: MN17617839  |  Published: November 2022  |  No of Pages: 252
Format: Electronic (PDF)  |  Industry: Medical Devices

The global home healthcare market size is forecasted to reach USD 666.9 billion by 2030, registering a CAGR of 7.9% from 2022 to 2030. Home healthcare is a relatively cost-efficient alternative compared to a hospital stay. The rise in the geriatric population across the world, paired with the increasing incidences of chronic diseases including Alzheimer’s, dementia, and certain orthopedic ailments are significant factors driving the market growth. Furthermore, the proliferating cost of treatment is one of the key concerns for healthcare organizations and governments, and hence they are focusing on curbing healthcare costs.

Based on component, the diagnostics segment led the global home healthcare market in 2021 and is likely to gain a substantial share throughout the forecast period, owing to the increase in the prevalence of diseases including diabetes and cardiovascular & cardiopulmonary diseases, rising awareness among patients, growth in incidences of long-term ailments that require frequent diagnosis, and increasing adoption of pregnancy & fertility tests and BP monitors. The equipment segment is anticipated to witness the fastest CAGR of over 8.8% during the forecast period. The segment is further sub-categorized into diagnostic, therapeutic, and mobility assistance subsegments. The therapeutic segment held the largest market share in 2021 owing to the increasing prevalence of diseases that involves frequent usage of home dialysis equipment, insulin delivery devices, and intravenous pumps.

North America dominated the global market and accrued a market share of more than 40% in 2021. The existence of an enormous geriatric population in the region, paired with urbane healthcare infrastructure and comparatively higher disposable income are significant factors driving the market demand in the region. In addition, substantial growth in the number of government initiatives intended at limiting healthcare expenditures by encouraging home healthcare services is opportunistic for market growth. For instance, the Hospital at Home program was aimed at offering patients with treatment at the convenience of their homes, this helped in reducing the cost of treatment by over 30%.

The Asia Pacific region is poised to expand at the fastest pace during the forecast period. Factors including undersized healthcare infrastructure, pricey inpatient healthcare facilities, and increasing prevalence of chronic diseases that need long-term care have boosted the regional market growth. Key companies in the market are emphasizing more on emerging economies including India and China. For instance, Apollo Homecare provides long-term care plans for different categories including heart rehab, ortho rehab, lung rehab, neuro rehab, mother & baby care, and geriatric care. These programs comprise health supervision and customized healthcare services.

The global market is highly fragmented owing to the emergence of a huge number of international as well as regional market players. Furthermore, the rise in consolidation activities by multinational companies is likely to accelerate competition among new and existing players in the market. The leading market players are continually focusing on increasing their foothold in the market. For instance, India’s Nightingales Home Health Services recently launched its home healthcare services in Chennai. In recent times, healthcare service providers are primarily focused on geographical expansion strategies over multiplying their service offerings. Additionally, the market is majorly unregulated, which may result in hostile takeovers and unfair competition.

Home Healthcare Market Report Key Takeaways

  • The services segment held the largest market share in 2021. This is attributable to the increasing demand for skilled nurses in-home care for services including physical and occupational therapies
  • The demand for home therapeutic equipment is escalating during the forecast period owing to the increasing incidences of chronic health conditions including kidney disorders, respiratory diseases, and diabetes. The segment is projected to witness the fastest CAGR in the forecast period
  • Advancements in technology is creating new growth avenues for market growth. For instance, active home telemonitoring devices enable the effective capture of vital signs and symptoms that supports the home health agency
  • North America held the largest market share across the world. The presence of an enormous geriatric population in the region, paired with advanced healthcare infrastructure and relatively higher disposable income among the population are some of the key driving factors for the market growth


Home Healthcare Market Segments

  • Home Healthcare Component Outlook (Revenue, USD Million, 2017 - 2030)
    • Equipment
      • Therapeutic
        • Home respiratory therapy equipment
        • Insulin delivery devices
        • Home IV pumps
        • Home dialysis equipment
        • Others
      • Diagnostic
        • Diabetic care unit
        • BP monitors
        • Multi para diagnostic monitors
        • Home pregnancy and fertility kits
        • Apnea and sleep monitors
        • Holter monitors
        • Heart rate monitors
        • Others
      • Mobility Assist
        • Wheelchair
        • Home medical furniture
        • Walking assist devices
    • Services
      • Skilled Home Healthcare Services
        • Physician primary care
        • Nursing care
        • Physical/occupational/speech therapy
        • Nutritional support
        • Hospice & palliative care
        • Others
    • Unskilled Home Healthcare Services
  • Home Healthcare Indication Outlook (Revenue, USD Million, 2017 - 2030)
    • Cardiovascular Disorders & Hypertension
    • Diabetes
    • Respiratory Diseases
    • Pregnancy
    • Mobility Disorders
    • Cancer
    • Wound Care
    • Other Indications
  • Home Healthcare Regional Outlook (Revenue, USD Million, 2017 - 2030)
    • North America
      • U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • France
      • Italy
      • Spain
      • Russia
      • Netherlands
    • Asia Pacific
      • China
      • India
      • Japan
      • Australia
      • Singapore
      • Malaysia
      • Thailand
      • Philippines
      • South Korea
    • Latin America
      • Brazil
      • Mexico
      • Argentina
    • Middle East & Africa (MEA)
      • South Africa
      • Saudi Arabia
      • Oman
      • UAE
      • Egypt
  • List of Key Players in Home Healthcare Market
    • Manufacturers
      • McKesson Medical-Surgical Inc.
      • Fresenius Medical Care
      • Medline Industries, Inc.
      • Medtronic PLC
      • 3M Healthcare
      • Baxter International Inc.
      • B. Braun Melsungen AG
      • Arkray, Inc.
      • F. Hoffmann-La Roche AG
      • Becton, Dickinson And Company
      • Acelity L.P.
      • Hollister Inc.
      • ConvaTec Group PLC
      • Molnlycke Health Care
    • Service Providers
      • Brookdale Senior Living, Inc.
      • Home Health Services Ltd.
      • Sunrise Carlisle, LP
      • Extendicare, Inc.
      • Care UK Limited
      • Senior Care Centers of America
      • Genesis Healthcare Corp.
      • Sompo Holdings, Inc.
      • Kindred Healthcare, Inc.
      • Home Instead Senior Care, Inc.
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