The global home healthcare market offers diverse medical and non-medical services delivered to patients at home, including skilled nursing care, rehabilitation, daily activity assistance, and remote monitoring. It includes skilled nursing and therapy, the market caters to post-hospitalization needs and chronic disease management. Enabling patients to recover at home, these services contribute to reduced hospital stays, emphasizing the market's commitment to providing comfort and personalized care in familiar surroundings.
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Data Bridge Market Research analyses that the Global Home Healthcare Market, which was USD 99,236.66 million in 2022, is expected to reach USD 196,288.64 million by 2030 and is expected to undergo a CAGR of 8.90% during the forecast period from 2023 to 2030. Rising chronic diseases such as diabetes and heart conditions necessitate ongoing medical attention. Home healthcare provides a convenient solution, enabling patients to receive regular care and monitoring at home, enhancing their overall quality of life through accessible and personalized medical support.
Key Findings of the Study
The aging population is expected to drive the market's growth rate
The global rise in the elderly population is a key catalyst for the home healthcare sector. Aging individuals often require increased healthcare services, and a significant number prefer receiving care in their familiar home settings. This demographic shift highlights the significance of home healthcare in addressing the growing healthcare needs of the elderly, prioritizing their well-being, independence, and comfort by providing personalized and accessible care within their homes.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Devices, Services, Software), Disease (Heart Diseases, Hypertension, Bone and Joint Diseases, Diabetes, Chronic Obstructive Pulmonary Diseases, Obesity, Dementia/Alzheimer's Diseases, Infective Diseases (HIV/AIDS), Parkinson's Diseases, Smoking, Asthma, Depression), Distribution Channel (Direct Tenders, Retail Sales)
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Countries Covered
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U.S., Canada, and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Koninklijke Philips N.V. (U.S.), Omron Healthcare, Inc. (Japan), Air Liquide (France), B. Braun Melsungen AG (Germany), Medtronic (Ireland), DaVita Inc. (U.S.), Cardinal Health (U.S.), Sunrise Medical (U.S.), General Electric (U.S.), A&D Company, Limited (Japan), BAYADA Home Health Care (U.S.), Invacare Corporation (U.S.), Philips Healthcare (Netherlands), Fresenious SE & Co KGaA (Germany), GE Healthcare (U.K.), Baxter (U.S.), F. Hoffmann-La Roche Ltd (Switzerland), Healthcare at Home (U.K.), and Linde plc (Germany)
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Segment Analysis:
The global home healthcare market is segmented on the basis of type, disease, and distribution channel.
- On the basis of type, the global home healthcare market is segmented into devices, services, and software
- On the basis of disease, the global home healthcare market is segmented into heart diseases, hypertension, bone and joint diseases, diabetes, chronic obstructive pulmonary diseases, obesity, dementia/alzheimer's diseases, infective diseases (HIV/AIDS), parkinson's diseases, smoking, asthma, and depression
- On the basis of distribution channel, the global home healthcare market is segmented into direct tenders, and retail sales
Major Players
Data Bridge Market Research recognizes the following companies as the major global home healthcare market players in global home healthcare market are Invacare Corporation (U.S.), Philips Healthcare (Netherlands), Fresenious SE & Co KGaA (Germany), GE Healthcare (U.K.), Baxter (U.S.), F. Hoffmann-La Roche Ltd (Switzerland), Healthcare at Home (U.K.), and Linde plc (Germany)
Market Developments
- In June 2023, news broke that Amedisys had reached an agreement to merge with Optum, a company known for offering a wide range of healthcare services. Amedisys is recognized for delivering individualized home health and hospice care, conducting more than 11.2 million visits to patients' residences every year. This merger marks a significant development in the healthcare industry, bringing together two prominent entities to provide enhanced healthcare solutions and services
- In March 2023, Philips unveiled the portfolio of the Philips Virtual Care Management solutions and services. This initiative aims to enhance patient engagement and promote better health outcomes by adopting a more comprehensive telehealth strategy
- In August 2022, Graham-Field launched the Everest & Jennings PureTilt Tilt-in-Space Wheelchair, designed to enhance patient comfort through secure and self-directed transitions. This wheelchair incorporates a user-friendly tilt control system, enabling individuals to independently adjust their sitting position throughout the day, promoting convenience and well-being
- In April 2022, Fresenius Medical Care unveiled that the FDA had granted approval for its VersiPD Cycler System. This innovative, portable peritoneal dialysis system boasts a user-friendly touchscreen interface, aiding patients in the setup and treatment process. It is complemented by the Kinexus Therapy Management Platform, an integrated healthcare system that enhances patient care through connectivity and data management
Regional Analysis
Geographically, the countries covered in the global home healthcare market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
As per Data Bridge Market Research analysis:
North America is the dominant region in global home healthcare market during the forecast period 2023-2030
North America dominates the global home healthcare market, propelled by its substantial elderly population, advanced healthcare infrastructure, and higher disposable incomes. The region's large market share is bolstered by government initiatives to reduce healthcare expenditures through support for home healthcare services. The combination of a significant aging demographic, robust healthcare facilities, and proactive policy measures positions North America as a key driver in the expansion and success of the home healthcare sector on a global scale.
Asia-Pacific is estimated to be the fastest-growing region in the global home healthcare market during the forecast period 2023-2030
Asia-Pacific is expected to dominate the global home healthcare market due to factors such as underdeveloped healthcare infrastructure, a prevalence of high-end in-hospital healthcare facilities, and the increasing demand for long-term care for chronic diseases. Companies strategically target untapped markets such as India and China, further boosting market growth. The region's dynamic landscape and the convergence of these factors position Asia-Pacific as a critical player in the expanding home healthcare sector.
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