Global Home Health Market

Home Health Market Size, Share, Growth Analysis, By Product(Testing, Screening), By Service(Skilled Nursing Services, Rehabilitation Therapy Services) - Industry Forecast 2024-2031

Report ID: SQMIG35D2007 | Region: Global | Published Date: February, 2024
Pages: 155 | Tables: 64 | Figures: 75

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Home Health Market size was valued at USD 255.62 billion in 2019 and is poised to grow from USD 277.11 billion in 2023 to USD 505.81 billion by 2031, growing at a CAGR of 8.4% in the forecast period (2024-2031).

Home Health market Top Player's Company Profiles 'Amedisys, Inc.', 'Bayada Home Health Care', 'Brookdale Senior Living Solutions', 'Care UK', 'Encompass Health Corporation', 'Gentiva Health Services, Inc.', 'Home Instead Senior Care', 'Kindred Healthcare, Inc.', 'LHC Group, Inc.', 'National Healthcare Corporation', 'ResMed Inc.', 'Right at Home', 'Sunrise Senior Living, LLC', 'Visiting Angels', 'Welltower Inc.', 'Almost Family, Inc.', 'Addus HomeCare Corporation', 'Apria Healthcare Group Inc.', 'HealthSouth Corporation', 'Interim HealthCare Inc.'

Technology will play an important role 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 consumer experience novel. With the help of big data it is possible to recognise 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 now being used for remote monitoring of health.

North America dominated the home healthcare market with a share of around 42% in 2019. In North America, the U.S. held the largest market share in 2019. Germany held the largest market share in Europe in 2019 followed by France. This is mainly due to increasing expenditure towards in-home healthcare in the country and growing demand for the skilled nursing workforce for in-house care. Asia Pacific is expected to register positive growth in the near future.

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Global Home Health Market

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