USD 335.56 billion
Report ID: SQMIG35D2002 | Region: Global | Published Date: April, 2023 | Pages: 157 | Tables: 128 | Figures: 77
Global Home Healthcare Market size was valued at USD 335.56 billion in 2021 and is poised to grow from USD 362.1 billion in 2022 to USD 666.9 billion by 2030, growing at a CAGR of 7.96% in the forecast period (2023-2030).
The patient-centric approach of home healthcare has several benefits such as enhanced patient results, long-term care, cost proficiency, end of superfluous hospitalization. Due to the rising trend to use home health care owing to its benefit, the Home Healthcare Market will show positive growth. In terms of services, the services of skilled nursing care had the largest revenue and growth share in 2021. The main factor contributing to the growth was the insurance coverage of such services and the possibility to have these services at home.
The changing demographics in terms of age and the rising preference for value-based services will boost the Home Healthcare Market growth. The demand for at-home health services is more among the aging population, which increases the demand for healthcare providers. Another factor that affects Home Healthcare Market growth is government support. The number of acquisitions taking place in the Home Healthcare Market also boosts the growth.
US Home Healthcare Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 335.56 billion
Largest Segment
Cancer
Fastest Growth
Cancer
Growth Rate
7.96% CAGR
To get more reports on the above market click here to Buy The Report
The Global Home Healthcare Market is segmented based on Product, Service, Indication and Region. Based on Product it is categorized into Dialysis Equipment, IV Equipment, Ventilators, Coagulation Monitors, Peak Flow Meters. Based on Service it is categorized into Infusion Therapy, Skilled Nursing, Hospice. Based on Indication it is categorized into Cancer, Wound Care, Diabetes. Based on Region it is categorized into: North America, Europe, Asia-Pacific, South America, and MEA.
Home Healthcare Market Analysis by Indication
In 2021, the diabetes category held the maximum Home Healthcare Market share. The rising number of diabetic patients is to blame for this segment's rapid expansion. Monitoring blood sugar at home aids in the development of an overall diabetes treatment plan as well as the management of blood sugar medications, nutrition, and exercise. As the aging population is more prone to diabetic diseases, the growth of the aging population segment will increase demand for healthcare and place a significant burden on governments and health systems. This will benefit the home healthcare sector, which can improve overall reach and access to healthcare while lowering unnecessary visits, hospital admissions and readmissions, and the time and costs associated with traveling to meet with healthcare providers.
To get detailed analysis on other segments, Request For Sample Report
North America dominated the home healthcare Home Healthcare Market with a share of more than 40% in 2021. In North America, the U.S. held the largest market share in 2021. Germany held the largest Home Healthcare Market share in Europe in 2021, followed by France. This is mainly due to increasing expenditure towards in-home healthcare in the country and the growing demand for the skilled nursing workforce for in-house care. The Asia Pacific is also expected to register positive growth in the upcoming years.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Home Healthcare Market Driver
Home Healthcare Market Restraint
Speak to one of our ABIRAW analyst for your custom requirements before the purchase of this report
The Home Healthcare Market is characterized by a few well-established firms and also several small and medium-sized businesses. Many home health agencies and providers have experienced a drop in business. However, this downturn in the home healthcare market is only expected to last a short time, since the industry is expected to rise up faster in the future as more patients recover from COVID-19.
Companies can promote home healthcare as a clinically safer alternative to traditional inpatient services, such as ICU care and dialysis/chemotherapy, which require more clinical supervision. To enter the rural Home Healthcare Market, mature Home Healthcare Market players can form Public-Private Partnerships (PPPs). Various healthcare leaders have recommended fiscal and non-fiscal interventions for specific sectors, with a primary focus on services such as homecare, pathology labs, MedTech, insurance, and hospital diagnostics.
Home Healthcare Market Top Players Company Profiles
Home Healthcare Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research. SQ identified the key dominating segments of the Home Healthcare Market by offerings and verticals.
According to our analysis, as the aging population is becoming more prone to chronic diseases, the demand for healthcare will rise, putting a significant strain on governments and healthcare systems. This will boost the home healthcare sector, which can improve overall reach and access to healthcare while lowering unnecessary visits, hospital admissions and readmissions, and the time and costs associated with traveling to meet healthcare experts.
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the Home Healthcare Market. Also, get access to detailed SkyQuest exclusive matrix.
Report Metric | Details |
---|---|
Market size value in 2021 | USD 335.56 billion |
Market size value in 2030 | USD 362.1 billion |
Growth Rate | 7.96% |
Base year | 2021 |
Forecast period | 2023-2030 |
Forecast Unit (Value) | USD Billion |
Segments covered |
|
Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
|
Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Home Healthcare Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Home Healthcare Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Home Healthcare Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Home Healthcare Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Our industry expert will work with you to provide you with customized data in a short amount of time.
SPEAK TO AN ANALYSTGet lifetime access to our reports
Basic Plan $5,000 Team Plan $10,000 SUBSCRIBE NOWWant to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Product ID: SQMIG35D2002