Home Healthcare Market Size Worth $666.9 Billion By 2030

Published On: November 1, 2022

The global home healthcare market size was valued at USD 336 billion in 2021 and is expected to reach USD 666.9 billion by 2030, registering a CAGR of 7.9% from 2022 to 2030. Home healthcare is a cost-efficient alternative in comparison with in-patient hospital care. The proliferating geriatric population throughout the world, coupled with the rising occurrences of chronic diseases such as Alzheimer’s, dementia, and specific orthopedic health conditions are primary factors augmenting the market growth. Moreover, the upsurge in the cost of treatment is one of the key concerns for healthcare organizations and government bodies, and hence these organizations are increasingly focusing on limiting healthcare costs.

The Asia Pacific region is estimated to expand at the fastest growth in the forecast period. Factors including relevantly unsophisticated healthcare infrastructure, healthcare facilities that involve high costs of treatment, and increasing incidences of chronic diseases that are linked with long-term care have supplemented the regional market growth. Key players in the market emphasize market penetration in emerging economies including India and China. For instance, Apollo Homecare provides care plans for the long-term and different categories such as geriatric care, mother & baby care, heart rehab, ortho rehab, lung rehab, and neuro rehab among others. These programs cover medical supervision along with customized healthcare services.

The global home healthcare market is majorly fragmented in nature due to the emergence of a massive number of international as well as local market healthcare service providers. Moreover, the increasing consolidation activities by companies operating internationally are anticipated to boost the market competition among the upcoming and existing players in the global market. The key market vendors are increasingly focusing on enhancing their foothold in the market. For instance, India’s Nightingales Home Health Services lately came up with its home healthcare services in Chennai. In recent times, providers of healthcare services are principally focused on geographical expansion strategy over upsizing their service offerings. Furthermore, the market is primarily unregulated, which can result in hostile takeovers and unfair competition.

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Home Healthcare Market Report Highlights

• The services segment dominated the global market in 2021. This is credited to the rising demand for skilled nurses in-home care for physical and occupational therapies

• The market demand for home therapeutic equipment is set to increase during the forecast period owing to the growth in incidences of chronic health ailments including diabetes, kidney disorders, and respiratory diseases among others. The segment is projected to witness the fastest growth rate in the forecast period

• The increasing advancements in technology are creating new avenues for market growth. For instance, active home telemonitoring devices help in the effective capture of vital symptoms and signs that further support the home health agency

• North America dominated the global home healthcare industry. The presence of a massive geriatric population in the region, paired with increasing advancements in the healthcare infrastructure and higher disposable income compared to other regions are some of the key factors fueling the market growth

Home Healthcare Market Report 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.