Global Home Healthcare Market

Home Healthcare Market Size, Share, Growth Analysis, By Product(Dialysis Equipment, IV Equipment), By Service(Infusion Therapy, Skilled Nursing), By Indication(Cancer, Wound Care), By Component({Therapeutic (Home respiratory therapy equipment, Insulin delivery devices) - Industry Forecast 2024-2031

Report ID: SQMIG35D2002 | Region: Global | Published Date: April, 2024
Pages: 157 | Tables: 128 | Figures: 77

Home Healthcare Market Regional Insights

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.

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Home Healthcare Market size was valued at USD 335.56 billion in 2019 and is poised to grow from USD 362.1 billion in 2023 to USD 666.9 billion by 2031, growing at a CAGR of 7.96% in the forecast period (2024-2031).

Home Healthcare Market Recent Developments 'Fresenius SE & Co. KGaA', 'Amedisys Inc.', 'Bayada Home Health Care', 'CareCentrix', 'Gentiva Health Services Inc.', 'Home Healthcare Solutions Co.', 'Kindred Healthcare Inc.', 'LHC Group Inc.', 'National HealthCare Corporation', 'Omron Healthcare Inc.', 'Philips Healthcare', 'Roche Holding AG', 'Almost Family Inc.', 'Sunrise Medical Inc.', 'Abbott Laboratories Inc.', 'B. Braun Melsungen AG', 'Drive Medical Design & Manufacturing', 'Medline Industries Inc.', 'Teleflex Inc.', 'Welch Allyn Inc.'

The number of patients infected with the novel coronavirus who have respiratory problems is significantly high and growing at an alarming rate. COVID-19 may cause acute respiratory distress syndrome (ARDS) in severe cases, resulting in significant lung damage. With the ongoing pandemic and India's strict lockdown, non-emergent home healthcare services are a safer and more cost-effective alternative to hospital services. Patients with chronic diseases such as cancer, chronic obstructive pulmonary disease (COPD), arthritis, and diabetes may not want to go to the hospital.

Technology will play an important in the home health market. The rising use of digital devices to monitor health at home is one of the emerging trends. home healthcare providers are now using big data, AI, and automation to make the consumer experience novel. With the help of big data, it is possible to recognize patterns among the patients, which will help in better treatment and diagnosis. Data analytics have been used to manage the flu epidemic and identify the strains to include in the flu vaccine. Software solutions and platforms are used for remote monitoring of health.

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.

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Global Home Healthcare Market

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