Home Care Services Global Market Report 2024

Description

Home care services encompass a variety of support and medical care delivered to individuals in their own homes rather than in a healthcare facility or institution. These services aim to assist those who require help with daily activities due to aging, illness, disability, or recovery from surgery or injury. Tailored to meet individual needs, home care services offer a more personalized and often more comfortable alternative to institutional care.

The primary categories of home care services include maid services, carpet and upholstery cleaning, and other related services. Maid services involve professional cleaning and housekeeping tasks carried out in residential settings. These services are available in various frequencies such as daily, weekly, monthly, quarterly, and annually, and are applicable in both residential and commercial settings.

The home care services market research report is one of a series of new reports from The Business Research Company that provides home care services market statistics, including home care services industry global market size, regional shares, competitors with a home care services market share, detailed home care services market segments, market trends, and opportunities, and any further data you may need to thrive in the home care services industry. This home care services research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The home care services market size has grown strongly in recent years. It will grow from $18.92 billion in 2023 to $20.60 billion in 2024 at a compound annual growth rate (CAGR) of 8.9%. The growth during the historic period can be attributed to several factors such as the rising number of elderly individuals, a growing preference for receiving care in the comfort of one's home, an increasing prevalence of chronic conditions, greater awareness and acceptance of home care services, and rising urbanization.

The home care services market size is expected to see strong growth in the next few years. It will grow to $29.23 billion in 2028 at a compound annual growth rate (CAGR) of 9.1%. The projected growth during the forecast period can be attributed to several factors such as the increasing aging population, a growing demand for telehealth services, rising disposable incomes, heightened demand for hygiene and cleanliness, and expanding construction activities. Key trends expected in the forecast period include the integration of technology, the adoption of smart home healthcare solutions, innovations in products, investment in digital solutions, and advancements in cleaning services.

The anticipated growth in the home care services market is largely driven by the rising aging population. This demographic shift, characterized by a growing proportion of older individuals due to increased life expectancy and declining birth rates, is expected to significantly boost the demand for home care services. These services assist the aging population in maintaining a higher quality of life, staying engaged with their communities, and reducing the need for institutional care, thereby supporting the concept of aging in place. Home care services are customized to cater to each senior's individual needs and preferences, ensuring care is personalized to their specific health conditions and lifestyle. For example, the United Nations (UN) projects that the number of people aged 65 and older will more than double from 761 million in 2021 to 1.6 billion by 2050. This growth in the aging population is set to drive the expansion of the home care services market.

Leading companies in the home care services market are focusing on delivering innovative services such as in-home hygiene solutions to enhance clients' overall well-being and quality of life. In-home hygiene services include personal care and cleaning support provided within a person's home to maintain cleanliness and promote overall health. These services are especially beneficial for individuals needing assistance due to age, disability, illness, or recovery from surgery. For instance, in April 2024, Major Maids House Cleaning Company, a US-based provider of home care services, introduced new hygiene solutions in Tampa. This initiative demonstrates the company's dedication to offering high-quality, safe, and effective cleaning solutions in response to increased awareness of hygiene and sanitation. The company offers various services, including general house cleaning, deep cleaning, move-in/move-out cleaning, and home organization.

In January 2024, Southern Home Services, another US-based home care provider, acquired ACE Solves It All for an undisclosed amount. This acquisition aligns with Southern Home Services' goal to deliver exceptional customer service and home comfort solutions. ACE Solves It All is a US-based company that provides home care services.

Major companies operating in the home care services market are Hospital Corporation of America (HCA) Healthcare Inc., Right at Home Inc., Brookdale Senior Living Inc., Brightstar Group Holdings Inc., Interim HealthCare Inc., LHC Group Inc., AccentCare Inc., Bayada Home Health Care, Comfort Keepers, ComForCare, Senior Helpers, Amada Senior Care, FirstLight Home Care, Always Best Care Senior Services, Amedisys Inc., Synergy HomeCare Franchising LLC., Griswold Home Care, Family Resource Home Care (FRHC), Maxim Healthcare Services Inc., TheKey, Honor Technology Inc, Visiting Angels Living Assistance Limited

Asia-Pacific was the largest region in the home care services market in 2023. The regions covered in the home care services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the home care services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The home care services market includes revenues earned by providing personal care and companionship services, nursing services, and physiotherapy services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Home Care Services Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on home care services market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
Create regional and country strategies on the basis of local data and analysis.
Identify growth segments for investment.
Outperform competitors using forecast data and the drivers and trends shaping the market.
Understand customers based on the latest market shares.
Benchmark performance against key competitors.
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Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for home care services ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The home care services market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

The market characteristics section of the report defines and explains the market.
The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of COVID-19 on supply chains and consumption patterns.

Market segmentations break down the market into sub markets.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:1) By Service: Maid Services; Carpet And Upholstery; Other Home Care Services
2) By Duration: Daily; Weekly; Monthly; Quarterly; Annually
3) By Application: Residential; Commercial
Companies Mentioned: Hospital Corporation of America (HCA) Healthcare Inc.; Right at Home Inc.; Brookdale Senior Living Inc.; Brightstar Group Holdings Inc.; Interim HealthCare Inc.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Product Code: r20663

1. Executive Summary

2. Home Care Services Market Characteristics

3. Home Care Services Market Trends And Strategies

4. Home Care Services Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Home Care Services Market Size and Growth

5.1. Global Home Care Services Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Home Care Services Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Home Care Services Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Home Care Services Market Segmentation

6.1. Global Home Care Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Maid Services
Carpet And Upholstery
Other Home Care Services
6.2. Global Home Care Services Market, Segmentation By Duration, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Daily
Weekly
Monthly
Quarterly
Annually
6.3. Global Home Care Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Residential
Commercial

7. Home Care Services Market Regional And Country Analysis

7.1. Global Home Care Services Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Home Care Services Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Home Care Services Market

8.1. Asia-Pacific Home Care Services Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Home Care Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Home Care Services Market, Segmentation By Duration, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Home Care Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Home Care Services Market

9.1. China Home Care Services Market Overview
9.2. China Home Care Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Home Care Services Market, Segmentation By Duration, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Home Care Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Home Care Services Market

10.1. India Home Care Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Home Care Services Market, Segmentation By Duration, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Home Care Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Home Care Services Market

11.1. Japan Home Care Services Market Overview
11.2. Japan Home Care Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Home Care Services Market, Segmentation By Duration, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Home Care Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Home Care Services Market

12.1. Australia Home Care Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Home Care Services Market, Segmentation By Duration, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Home Care Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Home Care Services Market

13.1. Indonesia Home Care Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Home Care Services Market, Segmentation By Duration, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Home Care Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Home Care Services Market

14.1. South Korea Home Care Services Market Overview
14.2. South Korea Home Care Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Home Care Services Market, Segmentation By Duration, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Home Care Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Home Care Services Market

15.1. Western Europe Home Care Services Market Overview
15.2. Western Europe Home Care Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Home Care Services Market, Segmentation By Duration, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Home Care Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Home Care Services Market

16.1. UK Home Care Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Home Care Services Market, Segmentation By Duration, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Home Care Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Home Care Services Market

17.1. Germany Home Care Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Home Care Services Market, Segmentation By Duration, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Home Care Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Home Care Services Market

18.1. France Home Care Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Home Care Services Market, Segmentation By Duration, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Home Care Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Home Care Services Market

19.1. Italy Home Care Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Home Care Services Market, Segmentation By Duration, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Home Care Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Home Care Services Market

20.1. Spain Home Care Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Home Care Services Market, Segmentation By Duration, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Home Care Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Home Care Services Market

21.1. Eastern Europe Home Care Services Market Overview
21.2. Eastern Europe Home Care Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Home Care Services Market, Segmentation By Duration, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Home Care Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Home Care Services Market

22.1. Russia Home Care Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Home Care Services Market, Segmentation By Duration, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Home Care Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Home Care Services Market

23.1. North America Home Care Services Market Overview
23.2. North America Home Care Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Home Care Services Market, Segmentation By Duration, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Home Care Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Home Care Services Market

24.1. USA Home Care Services Market Overview
24.2. USA Home Care Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Home Care Services Market, Segmentation By Duration, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Home Care Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Home Care Services Market

25.1. Canada Home Care Services Market Overview
25.2. Canada Home Care Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Home Care Services Market, Segmentation By Duration, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Home Care Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Home Care Services Market

26.1. South America Home Care Services Market Overview
26.2. South America Home Care Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Home Care Services Market, Segmentation By Duration, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Home Care Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Home Care Services Market

27.1. Brazil Home Care Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Home Care Services Market, Segmentation By Duration, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Home Care Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Home Care Services Market

28.1. Middle East Home Care Services Market Overview
28.2. Middle East Home Care Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Home Care Services Market, Segmentation By Duration, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Home Care Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Home Care Services Market

29.1. Africa Home Care Services Market Overview
29.2. Africa Home Care Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Home Care Services Market, Segmentation By Duration, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Home Care Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Home Care Services Market Competitive Landscape And Company Profiles

30.1. Home Care Services Market Competitive Landscape
30.2. Home Care Services Market Company Profiles
- 30.2.1. Hospital Corporation of America (HCA) Healthcare Inc.
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Right at Home Inc.
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Brookdale Senior Living Inc.
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Brightstar Group Holdings Inc.
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Interim HealthCare Inc.
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Home Care Services Market Other Major And Innovative Companies

31.1. LHC Group Inc.
31.2. AccentCare Inc.
31.3. Bayada Home Health Care
31.4. Comfort Keepers
31.5. ComForCare
31.6. Senior Helpers
31.7. Amada Senior Care
31.8. FirstLight Home Care
31.9. Always Best Care Senior Services
31.10. Amedisys Inc.
31.11. Synergy HomeCare Franchising LLC.
31.12. Griswold Home Care
31.13. Family Resource Home Care (FRHC)
31.14. Maxim Healthcare Services Inc.
31.15. TheKey

32. Global Home Care Services Market Competitive Benchmarking

33. Global Home Care Services Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Home Care Services Market

35. Home Care Services Market Future Outlook and Potential Analysis

35.1 Home Care Services Market In 2028 - Countries Offering Most New Opportunities
35.2 Home Care Services Market In 2028 - Segments Offering Most New Opportunities
35.3 Home Care Services Market In 2028 - Growth Strategies
- 35.3.1 Market Trend Based Strategies
- 35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations
36.2. Currencies
36.3. Historic And Forecast Inflation Rates
36.4. Research Inquiries
36.5. The Business Research Company
36.6. Copyright And Disclaimer