Product Code: RP-ID-10352518 |
Published Date: 21 Mar 2025 |
Region: Global |
Category: Healthcare & Pharmaceuticals |
Report ID: 10352518
Market Overview:
Home Healthcare Market Analysis by Services (Skilled, and Unskilled Home Healthcare Services); and by Equipment Type (Diagnostic, and Therapeutic); and by Software (Telehealth Solution, Clinical Management System, and Others)-Global Supply & Demand Analysis & Opportunity Outlook 2023-2035
Global Home Healthcare Market Scope Report
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Base Year |
2022 |
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Forecast Year |
2023-2035 |
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CAGR |
~14% |
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Base Year Market Size (2022) |
~ USD 384.0 Billion |
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Forecast Year Market Size (2035) |
~ USD 1,170.0 Billion |
Global Home Healthcare Market Highlights Over 2023 - 2035
The global home healthcare market is estimated to garner a revenue of USD 1,170.0 Billion by the end of 2035 by growing at a CAGR of ~14% over the forecast period, i.e., 2023 – 2035. Further, the market generated a revenue of USD 384.0 Billion in the year 2022. The growth of the market can be attributed to the growing demand for home healthcare followed by a rising geriatric population as they are not able to visit hospitals or other places for their checkups. Moreover, they are able to get acute care at home with fewer complications as compared to hospital care. According to the World Health Organization, one in six people across the globe will be aged 60 or above years by the end of 2030.
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Home health care refers to a variety of health care services that can be provided in the comfort of your own home in the event of an illness or injury. Home health care is typically less expensive, more convenient, and equally effective as care received in a hospital or skilled nursing facility (SNF). Moreover, there has been a surge in the number of caregiver jobs, and it is projected to boost the growth of the global home healthcare market. As per the U.S Bureau of Labor and Statistics, there were nearly 3.4 Million caregiver job in the year 2019.
Global Home Healthcare Market: Growth Drivers and Challenges
Growth Drivers
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High Inclination Towards Home Care After COVID- Pandemic – There has been an increase in the number of COVID-19 cases leading to more than bed available in the hospitals for the treatment and it is anticipated to surge the growth of the global home healthcare market. Till 15 November 2022, the total number of confirmed cases of COVID-19 accounted for 9,346,777 in China
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Growing Pregnancy Care Trend– Proper care is required for women and their baby in case of adolescent pregnancy and it is expected to drive the growth of the global home healthcare market. In developing regions, nearly 12 Million of girls aged 15-19 years in developing regions give birth.
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Increasing Incidence of Chronic Infection – Nearly 296 Million people across the globe was living with chronic hepatitis B infection in the year 2019.
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Growing Incidence of Alzheimer Diseases- According to the data stated by Alzheimer’s Association, the number of Americans suffering from Alzheimer diseases is anticipated to rise to approximately 13 Million.
Challenges
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Issues Related to Patient Safety
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Delay in Emergency Surgeries
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Lack of Professional Agencies for Providing Home Healthcare Services
The global home healthcare market is segmented and analyzed for demand and supply by equipment type into diagnostic, and therapeutic. Out of these, the therapeutic segment is anticipated to hold the largest share over the forecast period owing to the increasing prevalence of diseases that requires proper treatment and frequent care. Moreover, there has been a growing adoption of devices such as pumps, insulin delivery devices, and others for the home care of the patients. In the United Kingdom, there are nearly 3.9 Million people who have been diagnosed with diabetes during the 2018-2019 period.
Global Home Healthcare Market Regional Synopsis
Regionally, the global home healthcare market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these markets, the market in the North America region is projected to hold the largest market share by the end of 2035 owing to the increasing government initiatives to reimburse the low cost healthcare expenditure and promoting home healthcare services.
The region in the Asia Pacific region is expected to witness growth over the forecast period owing to the rising chronic diseases that requires a long-term care followed by the increasing ageing population. Moreover, the emerging countries focus on curbing their healthcare expenditure is further expected to boost the growth of the market in the region. According to the World Bank, the percentage of population ageing 65 years and above accounted 12 per cent in the year 2020.
Market Segmentation
Our in-depth analysis of the global home healthcare market includes the following segments:
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By Services |
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By Equipment Type |
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By Software |
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Key Companies Dominating the Global Home Healthcare Market
Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global home healthcare market that are included in our report are Becton, Dickinson and Company, Medline Industries, Inc., Baxter International Inc., Abbott Laboratories, 3M Company, Hollister Incorporated, Fresenius Medical Care AG & Co. KGaA, Convatec Group PLC, ARKRAY, Inc., B. Braun SE, and others.
Global Home Healthcare Market: Latest Developments
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December, 2021: Becton, Dickinson and Company announced the acquisition of Scanwell Health Inc., in order to expand and scale digital at home testing
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December, 2021: Baxter International Inc., announced the complete acquisition of Hillrom that will accelerate the company’s vision for transforming healthcare and advancing patient care worldwide.
Key Reasons to Buy Our Report
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The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.
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It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.
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The report includes detailed company profiles of the major players dominating the market.
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We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.
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We provide customized reports as per the clients’ requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.
- Becton
- Dickinson and Company
- Medline Industries Inc.
- Baxter International Inc.
- Abbott Laboratories
- 3M Company
- Hollister Incorporated
- Fresenius Medical Care AG & Co. KGaA
- Convatec Group PLC
- ARKRAY Inc.
- B. Braun SE
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