Global Home Healthcare Market Size Study, by Product, by Service, by Indication, and Regional Forecasts 2022-2032

Description

Global Home Healthcare Market is valued at approximately USD 250.0 billion in 2023 and is anticipated to expand at a robust CAGR of 8.9% over the forecast period from 2024 to 2032. Home healthcare services, which provide both medical and non-medical care to individuals in the comfort of their homes, have gained significant traction in recent years. This growth is primarily driven by the rising prevalence of chronic illnesses, the aging population, and advancements in home healthcare technologies. These services range from skilled nursing care and therapy to personal assistance with daily living activities, allowing patients to recover, manage chronic conditions, or receive ongoing care in a familiar and comfortable environment.

The global home healthcare market is poised for substantial growth due to a sharp increase in the number of older people and the prevalence of chronic illnesses. According to the UN Department of Economic and Social Affairs, the global population of individuals over 65 is expected to rise from 771 million in 2022 to 1.6 billion by 2050. This demographic shift, coupled with the fact that older individuals are more susceptible to chronic diseases, is expected to place a significant burden on healthcare systems. Home healthcare provides a cost-effective solution, reducing the need for hospital stays, readmissions, and the time and expense associated with traveling to healthcare facilities.

Another significant driver of market growth is the growing focus on newer technologies such as telehealth, which allows home healthcare providers to offer continuous care and monitoring even when they are not physically present. Telehealth encompasses a range of services, including virtual medical consultations, remote patient monitoring, and educational resources. These services enable healthcare providers to assess patients' conditions, offer appropriate care, and even refer them for additional treatment when necessary. As a result, telehealth is becoming increasingly popular among patients, further bolstering the home healthcare market.

Despite the positive outlook, the market faces challenges such as limited insurance coverage and a shortage of homecare workers. While insurance coverage for home healthcare services is available in many regions, it is often restricted to organizations that have received specific certifications, and coverage for equipment such as multi-parameter monitoring devices and remote monitoring tools varies significantly. Additionally, the growing demand for home healthcare services has led to a shortage of qualified homecare workers, which could limit the market's growth potential.

The key regions considered for the global Home Healthcare Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America currently holds the largest share of the home healthcare market, driven by the high prevalence of chronic illnesses and the region's well-established healthcare infrastructure. However, the Asia Pacific region is expected to experience the highest growth rate during the forecast period, fueled by the rising prevalence of chronic diseases and increasing healthcare costs in the region.

Major market players included in this report are:

B. Braun Melsungen AG
Abbott
Sunrise Medical
3M Healthcare
Baxter International Inc.
Medtronic PLC
Cardinal Health Inc.
F. Hoffmann-La Roche AG
Air Liquide
Amedisys, Inc.
Arkray, Inc.
BD
Omron Healthcare, Inc.
Drive DeVilbiss Healthcare
GE Healthcare

The detailed segments and sub-segment of the market are explained below:

By Product

Therapeutic Products
Testing, Screening, and Monitoring Products
Mobility Care Products

By Service

Skilled Nursing
Rehabilitation Therapy
Hospice & Palliative Care
Unskilled Care
Respiratory Therapy
Infusion Therapy
Pregnancy Care

By Indication

Cancer
Respiratory Diseases
Movement Disorders
Cardiovascular Diseases & Hypertension
Pregnancy
Wound Care
Diabetes
Hearing Disorders
Other Indications

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Middle East & Africa
Saudi Arabia
South Africa
RoMEA

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional-level analysis for each market segment.
Detailed analysis of the geographical landscape with country-level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand-side and supply-side analysis of the market.

Chapter 1. Global Home Healthcare Market Executive Summary

1.1. Global Home Healthcare Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Product
- 1.3.2. By Service
- 1.3.3. By Indication
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Home Healthcare Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Home Healthcare Market Dynamics

3.1. Market Drivers
- 3.1.1. Increase in Elderly Population and Chronic Illnesses
- 3.1.2. Growth in Telehealth Adoption
- 3.1.3. Expansion of Home Healthcare in Asia-Pacific
3.2. Market Challenges
- 3.2.1. Limited Insurance Coverage for Home Healthcare
- 3.2.2. Shortage of Homecare Workers
3.3. Market Opportunities
- 3.3.1. Integration of Advanced Technologies
- 3.3.2. Growing Demand in Emerging Markets
- 3.3.3. Expansion of Service Offerings

Chapter 4. Global Home Healthcare Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunity
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Home Healthcare Market Size & Forecasts by Product 2022-2032

5.1. Segment Dashboard
5.2. Global Home Healthcare Market: Product Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 5.2.1. Therapeutic Products
- 5.2.2. Testing, Screening, and Monitoring Products
- 5.2.3. Mobility Care Products

Chapter 6. Global Home Healthcare Market Size & Forecasts by Service 2022-2032

6.1. Segment Dashboard
6.2. Global Home Healthcare Market: Service Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 6.2.1. Skilled Nursing
- 6.2.2. Rehabilitation Therapy
- 6.2.3. Hospice & Palliative Care
- 6.2.4. Unskilled Care
- 6.2.5. Respiratory Therapy
- 6.2.6. Infusion Therapy
- 6.2.7. Pregnancy Care

Chapter 7. Global Home Healthcare Market Size & Forecasts by Indication 2022-2032

7.1. Segment Dashboard
7.2. Global Home Healthcare Market: Indication Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 7.2.1. Cancer
- 7.2.2. Respiratory Diseases
- 7.2.3. Movement Disorders
- 7.2.4. Cardiovascular Diseases & Hypertension
- 7.2.5. Pregnancy
- 7.2.6. Wound Care
- 7.2.7. Diabetes
- 7.2.8. Hearing Disorders
- 7.2.9. Other Indications

Chapter 8. Global Home Healthcare Market Size & Forecasts by Region 2022-2032

8.1. North America Home Healthcare Market
- 8.1.1. U.S. Home Healthcare Market
  - 8.1.1.1. Product breakdown size & forecasts, 2022-2032
  - 8.1.1.2. Service breakdown size & forecasts, 2022-2032
  - 8.1.1.3. Indication breakdown size & forecasts, 2022-2032
- 8.1.2. Canada Home Healthcare Market
8.2. Europe Home Healthcare Market
- 8.2.1. U.K. Home Healthcare Market
- 8.2.2. Germany Home Healthcare Market
- 8.2.3. France Home Healthcare Market
- 8.2.4. Spain Home Healthcare Market
- 8.2.5. Italy Home Healthcare Market
- 8.2.6. Rest of Europe Home Healthcare Market
8.3. Asia-Pacific Home Healthcare Market
- 8.3.1. China Home Healthcare Market
- 8.3.2. India Home Healthcare Market
- 8.3.3. Japan Home Healthcare Market
- 8.3.4. Australia Home Healthcare Market
- 8.3.5. South Korea Home Healthcare Market
- 8.3.6. Rest of Asia Pacific Home Healthcare Market
8.4. Latin America Home Healthcare Market
- 8.4.1. Brazil Home Healthcare Market
- 8.4.2. Mexico Home Healthcare Market
- 8.4.3. Rest of Latin America Home Healthcare Market
8.5. Middle East & Africa Home Healthcare Market
- 8.5.1. Saudi Arabia Home Healthcare Market
- 8.5.2. South Africa Home Healthcare Market
- 8.5.3. Rest of Middle East & Africa Home Healthcare Market

Chapter 9. Competitive Intelligence

9.1. Key Company SWOT Analysis
9.2. Top Market Strategies
9.3. Company Profiles
- 9.3.1. B. Braun Melsungen AG
  - 9.3.1.1. Key Information
  - 9.3.1.2. Overview
  - 9.3.1.3. Financial (Subject to Data Availability)
  - 9.3.1.4. Product Summary
  - 9.3.1.5. Market Strategies
- 9.3.2. Abbott
- 9.3.3. Sunrise Medical
- 9.3.4. 3M Healthcare
- 9.3.5. Baxter International Inc.
- 9.3.6. Medtronic PLC
- 9.3.7. Cardinal Health Inc.
- 9.3.8. F. Hoffmann-La Roche AG
- 9.3.9. Air Liquide
- 9.3.10. Amedisys, Inc.
- 9.3.11. Arkray, Inc.
- 9.3.12. BD
- 9.3.13. Omron Healthcare, Inc.
- 9.3.14. Drive DeVilbiss Healthcare
- 9.3.15. GE Healthcare