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

  • Industry : Healthcare
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Summary

Report Description

Global Home Healthcare Market is anticipated to witness an impressive growth during the forecast period, 2024-2028.This can be ascribed to the rising prevalence of various chronic diseases among the populations across the globe. The rising demand for personal care specially among the geriatric population is a major factor driving the market growth significantly.

Home Healthcare provides a wide range of service availability to the users in their familiar surroundings. Home Healthcare is emerging as a significant option for providing health and care for multiple conditions especially associated with disability, rehabilitation after surgeries or injuries, helping the elderly suffering from various age-related problems, among others. People with chronic conditions along with those having difficulty in mobility, and dependent children with severe health problems and patients with mental disorders also require home healthcare. All these factors are expected to increase the demand for home healthcare market in the coming years.

Rising Geriatric Population

The rising geriatric population across the globe supports the market expansion. According to the World Health Organization (WHO) by 2030, one in every 6 people in the world will be aged 60 years or above. In 2022, the aged people population increased to 1.4 billion which was 1 billion in 2020. By 2050, the world’s population with people of age 60 years or above will double. i.e., it will reach 2.1 billion and out of which 80 % of them will be living among the developing countries.  Common condition arising due to increasing old age include cataracts and eye problems, hearing loss, back and neck pain, osteoarthritis chronic pulmonary diseases, diabetes, stroke, cancer dementia and Alzheimer’s disease. Through home healthcare the elderly are provided with a range of medical treatments, nursing care and personal care by licensed healthcare professionals. Home healthcare includes services such as Supervision for patient with dementia or Alzheimer’s disease, caregiving for diseases such as Spinal Cord Injury (SCI), Traumatic Brain Injury (TBI), Ventilator care, monitoring vital signs, administering medications, Ostomy/gastrostomy care, feeding tube care, Catheter care, etc. hence, creating a huge market coverage and thus driving the Global Home healthcare market during the forecast period.

Rise in Global burden of Non-Communicable Diseases

According to the World Health Organization (WHO) approximately 41 million people (equivalent to 74% of all deaths globally) die each year suffering from Noncommunicable diseases (NCDs). Among the Non- Communicable Diseases, Cardiovascular Diseases account for approximately 17.9 million deaths annually, followed by 9.3 million deaths caused due to Cancer. Chronic Respiratory Illness causes 4.1 million deaths and Diabetes causes 2 million deaths across the globe annually. Increased unhealthy eating habits and lack of physical activities are major driving forces giving rise to the non-communicable diseases. Investing in home healthcare settings for the management of NCDs plays a very significant role in management of the NCDs, as these diseases generally take a longer span of time for getting cured. Thus, growing prevalence of NCDs, among the population around the globe makes the patients more dependent on the home healthcare every now and then and thereby boosting the Global Home healthcare market growth.

Increased Focus on User-Centered Services

Home healthcare is experiencing a larger coverage as the nursing and physiotherapy services for the patients recovering medical health condition are being made available to people at their homes. Along with the homecare medical facilities trained healthcare personnel, nurses, caregivers and physiotherapists are being available to the patients at their home. With the growing urban centric life, more nuclear families are being established rather than the joint families therefore the aged people usually are left with no one around to take care of them. Thus, in case of any injury and chronic illness the aged population are left with the option of home healthcare service providers playing a significant role in helping them. The home healthcare is more in demand in the urban populating preferably providing much assistance to the aged population among the nuclear families thereby creating a huge demand for the home healthcare market and thus driving the market growth in future.

Availability of New Support Technologies

Remote patient monitoring technologies like telemedicine through which patient reports and diagnosis can be done is mostly being utilized in chronic illness so that caregivers can remotely keep an eye on their patients. Multiple hospitals and companies provide deliverable medical equipment’s for home healthcare settings. Equipment such as Bilevel Positive airway pressure (BiPap), ECG Monitor, O2 and Air gas cylinder, Oxygen concentrator, Patient automated beds, ventilator, wheelchair, etc. are made available at the home to monitor remotely a patient’s vital signs in the real time thereby ensuring the patient’s health safety and driving the home healthcare market growth.

The growing demand and adoption of mhealth i.e., Mobile health is a major factor supporting the telehealth segment and thereby supporting the Global Home Healthcare market. In telehealth, mhealth is a subsegment that aids the patient via mobile or internet, the telehealth is accessed through certain home healthcare apps designed to regulate the patient’s disease monitoring and thus lowering the uneasiness to visit hospitals again and again during a chronic illness.

Meanwhile using the telehealth services diseases such as hypertension, diabetes, etc. can be mapped and regulated at the patient’s home through the apps provided in the devices, and the reports be assisted by physician or doctor over the phone or internet through the home healthcare services .


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Market Segmentation

Home Healthcare Market can be segmented based on the product type, type of services and region. Based on the product type the market can be segmented into continence care, wound care, ostomy care, clinical nutrition, respiratory care, equipment & housekeeping supplies, and others. Depending on the services, the market can be segmented into rehabilitation services, pregnancy home care services, nursing services, and others.

Market Players

F. Hoffmann-La Roche Ltd., Siemens Healthineers AG,3M, Bayer AG, Abbott Laboratories, Cardinal Health, Inc., GE Healthcare, Johnson & Johnson Services, Inc., Gentiva Health Services, Inc., Invacare Corporation, are some of the leading companies operating in the market.

Attribute

Details

Base Year

2022

Historic Data

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million, Volume Units and CAGR for 2018-2022 and 2023-2028

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments covered

·         Product Type

·         Services Type

·         Region

Regional scope

 North America, Europe, Asia Pacific, South America and Middle East & Africa.

Key companies profiled

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.

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


Report Scope:

In this report, Global Home Healthcare Market, market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

·         Home Healthcare Market, By Product Type:

o    Continence Care

o    Wound Care

o    Ostomy Care

o    Clinical Nutrition

o    Respiratory Care

o    Equipment & Housekeeping Supplies

o    Others

·         Home Healthcare Market, By Services Type:

o    Rehabilitation Services

o    Pregnancy Home Care Services

o    Nursing Services

o    Others

·         Home Healthcare Market, By Region:

o    North America

§  United States

§  Canada

§  Mexico

o     Europe

§  Germany

§  France

§  United Kingdom

§  Italy

§  Spain

o    Asia Pacific

§  China

§  Japan

§  India

§  South Korea

§  Australia

o     South America

§  Brazil

§  Argentina

§  Colombia

o     Middle East & Africa

§  UAE

§  Saudi Arabia

§  South Africa

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Global Home Healthcare Market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.     Markets Covered

1.2.2.     Years Considered for Study

1.2.3.     Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Overview of the Market

3.2.  Overview of Key Market Segmentations

3.3.  Overview of Key Market Players

3.4.  Overview of Key Regions/Countries

3.5.  Overview of Market Drivers, Challenges, Trends

4.    Voice of Customer

5.    Global Home Healthcare Market Outlook

5.1.  Market Size & Forecast

5.1.1.     By Value

5.2.  Market Share & Forecast

5.2.1.     By Product Type (Continence Care, Wound Care, Ostomy Care, Clinical Nutrition, Respiratory Care, Equipment & Housekeeping Supplies, Others)

5.2.2.        By Services (Rehabilitation Services, Pregnancy Home Care Services, Nursing Services, Others)

5.2.3.     By Region

5.2.4.     By Company (2022)

5.3.  Product Market Map

5.3.1.     By Product Type

5.3.2.     By Services

5.3.3.     By Region

6.    North America Home Healthcare Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value

6.2.  Market Share & Forecast

6.2.1.     By Product

6.2.2.     By Services

6.2.3.     By Country

6.3.  North America: Country Analysis

6.3.1.     United States Home Healthcare Market Outlook

6.3.1.1.         Market Size & Forecast

6.3.1.1.1.             By Value

6.3.1.2.         Market Share & Forecast

6.3.1.2.1.             By Product

6.3.1.2.2.             By Services

6.3.2.     Canada Home Healthcare Market Outlook

6.3.2.1.         Market Size & Forecast

6.3.2.1.1.             By Value

6.3.2.2.         Market Share & Forecast

6.3.2.2.1.             By Product

6.3.2.2.2.             By Services

6.3.3.     Mexico Home Healthcare Market Outlook

6.3.3.1.         Market Size & Forecast

6.3.3.1.1.             By Value

6.3.3.2.         Market Share & Forecast

6.3.3.2.1.             By Product

6.3.3.2.2.             By Services

7.    Europe Home Healthcare Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Value

7.2.  Market Share & Forecast

7.2.1.     By Product

7.2.2.     By Services

7.2.3.     By Country

7.3.  Europe: Country Analysis

7.3.1.     Germany Home Healthcare Market Outlook

7.3.1.1.         Market Size & Forecast

7.3.1.1.1.             By Value

7.3.1.2.         Market Share & Forecast

7.3.1.2.1.             By Product

7.3.1.2.2.             By Services

7.3.2.     France Home Healthcare Market Outlook

7.3.2.1.         Market Size & Forecast

7.3.2.1.1.             By Value

7.3.2.2.         Market Share & Forecast

7.3.2.2.1.             By Product

7.3.2.2.2.             By Services

7.3.3.     United Kingdom Home Healthcare Market Outlook

7.3.3.1.         Market Size & Forecast

7.3.3.1.1.             By Value

7.3.3.2.         Market Share & Forecast

7.3.3.2.1.             By Product

7.3.3.2.2.             By Services

7.3.4.     Italy Home Healthcare Market Outlook

7.3.4.1.         Market Size & Forecast

7.3.4.1.1.             By Value

7.3.4.2.         Market Share & Forecast

7.3.4.2.1.             By Product

7.3.4.2.2.             By Services

7.3.5.     Spain Home Healthcare Market Outlook

7.3.5.1.         Market Size & Forecast

7.3.5.1.1.             By Value

7.3.5.2.         Market Share & Forecast

7.3.5.2.1.             By Product

7.3.5.2.2.             By Services

8.    Asia-Pacific Home Healthcare Market Outlook

8.1.  Market Size & Forecast

8.1.1.     By Value

8.2.  Market Share & Forecast

8.2.1.     By Product

8.2.2.     By Services

8.2.3.     By Country

8.3.  Asia-Pacific: Country Analysis

8.3.1.     China Home Healthcare Market Outlook

8.3.1.1.         Market Size & Forecast

8.3.1.1.1.             By Value

8.3.1.2.         Market Share & Forecast

8.3.1.2.1.             By Product

8.3.1.2.2.             By Services

8.3.2.     Japan Home Healthcare Market Outlook

8.3.2.1.         Market Size & Forecast

8.3.2.1.1.             By Value

8.3.2.2.         Market Share & Forecast

8.3.2.2.1.             By Product

8.3.2.2.2.             By Services

8.3.3.     India Home Healthcare Market Outlook

8.3.3.1.         Market Size & Forecast

8.3.3.1.1.             By Value

8.3.3.2.         Market Share & Forecast

8.3.3.2.1.             By Product

8.3.3.2.2.             By Services

8.3.4.     South Korea Home Healthcare Market Outlook

8.3.4.1.         Market Size & Forecast

8.3.4.1.1.             By Value

8.3.4.2.         Market Share & Forecast

8.3.4.2.1.             By Product

8.3.4.2.2.             By Services

8.3.5.     Australia Home Healthcare Market Outlook

8.3.5.1.         Market Size & Forecast

8.3.5.1.1.             By Value

8.3.5.2.         Market Share & Forecast

8.3.5.2.1.             By Product

8.3.5.2.2.             By Services

9.    South America Home Healthcare Market Outlook

9.1.   Market Size & Forecast

9.1.1.     By Value

9.2.  Market Share & Forecast

9.2.1.     By Product

9.2.2.     By Services

9.2.3.     By Country

9.3.  South America: Country Analysis

9.3.1.     Brazil Home Healthcare Market Outlook

9.3.1.1.         Market Size & Forecast

9.3.1.1.1.             By Value

9.3.1.2.         Market Share & Forecast

9.3.1.2.1.             By Product

9.3.1.2.2.             By Services

9.3.2.     Argentina Home Healthcare Market Outlook

9.3.2.1.         Market Size & Forecast

9.3.2.1.1.             By Value

9.3.2.2.         Market Share & Forecast

9.3.2.2.1.             By Product

9.3.2.2.2.             By Services

9.3.3.     Colombia Home Healthcare Market Outlook

9.3.3.1.         Market Size & Forecast

9.3.3.1.1.             By Value

9.3.3.2.         Market Share & Forecast

9.3.3.2.1.             By Product

9.3.3.2.2.             By Services

10.  Middle East & Africa Home Healthcare Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Value

10.2.              Market Share & Forecast

10.2.1.  By Product

10.2.2.  By Services

10.2.3.  By Country

10.3.              MEA: Country Analysis

10.3.1.  UAE Home Healthcare Market Outlook

10.3.1.1.      Market Size & Forecast

10.3.1.1.1.           By Value

10.3.1.2.      Market Share & Forecast

10.3.1.2.1.           By Product

10.3.1.2.2.           By Services

10.3.2.  Saudi Arabia Home Healthcare Market Outlook

10.3.2.1.      Market Size & Forecast

10.3.2.1.1.           By Value

10.3.2.2.      Market Share & Forecast

10.3.2.2.1.           By Product

10.3.2.2.2.           By Services

10.3.3.  South Africa Home Healthcare Market Outlook

10.3.3.1.      Market Size & Forecast

10.3.3.1.1.           By Value

10.3.3.2.      Market Share & Forecast

10.3.3.2.1.           By Product

10.3.3.2.2.           By Services

11.  Market Dynamics

11.1.              Drivers

11.2.              Challenges

12.  Market Trends & Developments

12.1.              Mergers & Acquisitions

12.2.              Product Launches

12.3.              Technological Advancements

13.  Competitive Landscape

13.1.              Competition Outlook

13.2.              Company Profiles

13.2.1.  Company Details

13.2.2.  Products & Services

13.2.3.  Financials (As Reported)

13.2.4.  Key Market Focus Area & Geographical Presence

13.2.5.  Recent Developments

13.2.6.  Key Management Personnel

13.2.6.1.      3M Company

13.2.6.2.      Bayer AG

13.2.6.3.      Abbott Laboratories

13.2.6.4.      Cardinal Health, Inc.

13.2.6.5.      GE Healthcare

13.2.6.6.      Johnson & Johnson Services, Inc.

13.2.6.7.      Gentiva Health Services, Inc.

13.2.6.8.      Invacare Corporation

13.2.6.9.      F. Hoffmann-La Roche Ltd.

13.2.6.10.    Siemens Healthineers AG

14.  Strategic Recommendations

(Note: The companies list can be customized based on the client requirements.)

Figures and Tables

Frequently asked questions

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Global Home Healthcare Market is expected to grow at an impressive rate during the forecast period on account of increasing geriatric population across the globe requiring care at home.

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Based on the type of applications the home healthcare services are majorly used among cancer, cardiovascular diseases, wound care, respiratory diseases, pregnancy, movement disorders, etc. are some indications in which home healthcare services are majorly in demand.

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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. are some of the leading players operating in Global Home Healthcare Market.

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Asia-Pacific region is expected to have a lucrative growth in the home healthcare market in the forecast period. This is attributed for growing disease prevalence across the region, and the emerging healthcare awareness and infrastructure in the region.

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Sakshi Bajaal

Business Consultant
Press Release

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

Dec, 2022

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.

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