Press Release

Home Healthcare Market to be dominated by Rehabilitation services segment through 2028

Rising disease prevalence along with increasing geriatric population is a major factor driving the growth of Global Home Healthcare Market growth in the forecast period, 2024-2028.


According to TechSci Research report,
Global Home Healthcare Market - Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Global Home Healthcare Market is anticipated to grow at an impressive rate during the forecast period, 2024-2028. This can be ascribed to the rising demand for personal healthcare among the population and the increasing cases of chronic diseases among the population across the globe. The Home healthcare industry is significantly growing with an increasing development and establishment of remote -mobile patient monitoring devices and the rising demand for telehealth fostering the market growth in the forecast period.


Besides, sudden outbreak and spread of pandemic COVID-19 has increased the demand for home healthcare services. As the COVID-19 pandemic significantly impacted the healthcare facilities in a negative manner such as shortage of hospital beds, ventilators, oxygen concentrators, thus, causing the patients to occupy and avail the healthcare facility requirement at their personal space or homes thereby creating a huge opportunity for the Global Home healthcare market growth.


Besides, Shortage of skilled professionals for performing various home healthcare techniques is supposed to hinder the growth of the Global Home healthcare market in the forecast period.


Browse over XX market data Figures spread through
 XX Pages and an in-depth TOC on "Global Home healthcare Market"

Global Home Healthcare Market can be segmented by Product Type, by Services, and by region.


Based on the Product Type, Global Home Healthcare Market can be segmented into, continence care, wound care, ostomy care, clinical nutrition, respiratory care, equipment & housekeeping supplies and others. The Equipment & Housekeeping segment dominated the home healthcare services market and will continue to dominate in the forecast period. This can be attributed to the growing prevalence of chronic diseases and rising geriatric population, and thereby increasing demand of medical assistance devices such as mobility aids, dialysis, oxygen concentrators, etc.


Additionally, the growing number of cases for respiratory disorders such as asthma and Chronic Obstructive Pulmonary Disease (COPD) is anticipated to propel the home healthcare market demand. According to the data by the British Lung Foundation, an approximate 1.2 million individuals are diagnosed with COPD in the United Kingdom. Thus, this increase in prevalence is estimated to boost the adoption of Inhalers and associated devices thereby driving the global home healthcare market growth.


Also, the growing prevalence in the number of people with kidney issues and complications fueled the development of the home healthcare segment. In the United States in 2018, among 37 million residents, 1 in 7 of whom had a type of renal disease, and approximately 2 in 1,000 individuals had an End-stage kidney disease (ESKD), kidney failure where the solution provided is a transplant or a dialysis. Also, around the globe, approximately 2 million people suffer from kidney disorders. Meanwhile, through home healthcare services dialysis services are made easily available at the patient’s personal space.


Based on type of services, the global home healthcare market can be segmented into rehabilitation services, pregnancy home care services, nursing services and others. The Rehabilitation services segment dominated the market and will be fostering the market growth in the future. The growing demand of the home rehabilitation services is experiencing a high demand owing to the increasing prevalence of chronic disease, surgeries, and rise in the population with disability among the population worldwide. Also, the government’s complete or partial in-home services and subsidiaries further helps augment the global home healthcare market growth.


Based on region, North America is dominating the Global Home healthcare Market and will continue to maintain its dominance in during the forecast period. This can be attributed to the increasing adaptation of home healthcare services in the region along with the increasing number of devices to be used in home care. Also, growing number of cases for diseases such as Alzheimer’s disease in the countries such as United States are further supporting the market growth in future.


Major companies operating in Global Home Healthcare Market are:

  • 3M Company
  • Bayer AG
  • Abbott Laboratories
  • Cardinal Health, Inc.
  • GE Healthcare
  • Johnson & Johnson Services, Inc.
  • Gentiva Health Services, Inc.
  • Invacare Corporation
  • F. Hoffmann-La Roche Ltd.
  • Siemens Healthineers AG


Companies operating in the market are following strategies such as mergers & acquisitions, new product launches, collaborations, etc. in order to stay competitive and have an edge over other players operating in the industry. For instance, In February 2019, a company Tandem Diabetes Care, received the U.S Food and Drug Administration (FDA) approval for their product t: Slim X2 insulin pump to be used in children and adults suffering type 1 diabetes.


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“Asia- Pacific region is expected to register the highest growth in the Global Home healthcare Market during the forecast period on account of the increasing chronic disease prevalence and growing healthcare awareness among the emerging countries such as China, India, etc. Besides, increasing healthcare expenditure and flourishing healthcare industry in the region is further expected to aid the market growth in the region” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.


Home Healthcare Market- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented By Product Type (Continence Care, Wound Care, Ostomy Care, Clinical Nutrition, Respiratory Care, Equipment & Housekeeping Supplies, Others), By Services Type (Rehabilitation Services, Pregnancy Home Care Services, Nursing Services, Others), By Region, Competition Forecast & Opportunities, 2028”, has evaluated the future growth potential of Global Home Healthcare Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Home Healthcare Market.


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