Home Healthcare Market: Global Industry Analysis and Forecast (2023-2029)

By 2029, the Home Healthcare Market is expected to reach US $ 379.20 billion, the report analyzes Global Home Healthcare Market dynamics by region and service.

Home Healthcare Market Overview:

Home health care includes skilled nursing as well as additional specialized treatments like physical and occupational therapy, speech therapy, and medical social services. These services are provided at home by a variety of qualified health care professionals. The possibilities for receiving home health care services for a patient are nearly limitless. Depending on the specific patient's situation, care might range from nursing to specialized medical treatments such as laboratory workups.Home Healthcare MarketTo know about the Research Methodology :- Request Free Sample Report

Home Healthcare Market Dynamics:

Home Healthcare Market size was valued at US$ 215.60 Bn. in 2022 and the total revenue are expected to grow at 8.4% through 2023 to 2029, reaching nearly US$ 379.20 Bn. Since the aging population is more prone to chronic diseases, the growth of the aging population segment will increase the demand for healthcare and place a considerable 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. The nurse-physician relationship in-home care is less face-to-face, and the nurse is in charge of doing assessments and communicating findings. This factor has an impact on the patient's safety and outcomes. Another feature of home healthcare is that professionals provide medical care to each patient in their location. Situational variables, on the other hand, may provide dangers to patients that are difficult to eliminate. Environmental safety departments at hospitals are well-equipped to handle such situations. In developed regions of North America and Europe, home healthcare is a well-established trend. Homecare is fast becoming more popular in these areas as a result of favourable rules and practices. Since the market in industrialized countries is practically saturated, market players have moved their attention to developing regions, particularly Asia Pacific's emerging economies. Because the notion of home healthcare is still in its early stages of development in countries like India and China, market participants can take advantage of a variety of opportunities in these markets. Quadria Capital (Singapore), for example, invested USD 40 million (INR 250 crore) in the Dabur family-owned HealthCare at Home.

Home Healthcare Market Segment Analysis:

The Diagnostic segment is leading the Equipment segment of the Home Healthcare Market: Due to an increase in the prevalence of chronic disorders such as infectious diseases, diabetes, arthritis, cardiopulmonary, and cardiovascular conditions, which require continuous monitoring for efficient treatment, the diagnostic segment is expected to generate the most significant revenue over the forecast period. In recent years, technical improvements have resulted in the introduction of new self-monitoring tools such as multi-parameter diagnostic monitors, home pregnancy, and fertility kits. As a result, there was significant demand for diagnostic equipment, which boosted market revenue throughout the projection period.Home Healthcare Market The Respiratory Therapy Services segment is dominating the Service segment of the Home Healthcare Market: Respiratory therapy services specializing in the treatment of respiratory issues such as chronic lung illnesses such as asthma and emphysema, as well as acute conditions such as bronchitis and pneumonia. These treatments help patients with persistent lung infections by reducing symptoms and restoring breathing capacity. Patients with cystic fibrosis and lung illness, as well as those who have developed cancer as a result of a heart attack or injury, can benefit from respiratory treatment. Pulmonary function tests, mechanical ventilation, oxygen therapy, aerosol therapy, and IPPB treatment, and Chest physiotherapy are some of the services provided by respiratory therapy clinics. By examining emotional, psychological, physical, and social well-being, these services assist in restoring the standard and quality of life. A respiratory therapist's job entails ensuring clinical judgment, formulating diagnoses, providing consultation, implementing treatment procedures, and determining the therapy's outcome, as well as making recommendations for self-supervision.

Regional Insights:

North America is estimated to dominate the growth of the Home Healthcare Market. Throughout the projected period, North America is expected to lead the global HHC market. The growing prevalence of various chronic diseases, such as coronary heart disease, respiratory disorders, and diabetes, as well as the presence of a large elderly population in the United States, with a rise in baby boomers during the forecast period, necessitate efficient treatment while managing healthcare costs without facing financial penalties, resulting in market dominance. According to the International Diabetes Federation, around 48 million persons in North America had diabetes in 2022, with more than half of the patients being over 65 years old. The trend is likely to continue, resulting in an increased need for continuous monitoring equipment in homecare settings for effective treatment of various ailments among the senior population, which is driving the regional market. Furthermore, the increased convenience of non-skilled labor, caretakers, services, physicians, and other home healthcare equipment at homecare settings, as well as a growth in healthcare expenses at hospital premises availability in the region, can be attributed to the rise in demand for HHC. The presence of important players in the United States, as well as the debut of new wearable patient monitoring technologies, are all factors to consider which are expected to fuel the growth of the market. The objective of the report is to present a comprehensive analysis of the Home Healthcare Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Home Healthcare Market dynamics, structure by analyzing the market segments and projecting the Home Healthcare Market size. Clear representation of competitive analysis of key players by Grade, price, financial position, Grade portfolio, growth strategies, and regional presence in the Home Healthcare Market make the report investor’s guide.

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Global Home Healthcare Market
Report Coverage Details
Base Year: 2022 Forecast Period: 2023-2029
Historical Data: 2018 to 2022 Market Size in 2022: US $ 215.60 Bn.
Forecast Period 2023 to 2029 CAGR: 8.4% Market Size in 2029: US $ 379.20 Bn.
Segments Covered: by Equipment Services Diagnostic Mobility Care
by Services Rehabilitation Services Respiratory Therapy Services Infusion Therapy Services Other Services
by Indication Cancer Respiratory Diseases Movement Disorders Cardiovascular Diseases & Hypertension Pregnancy Wound Care Diabetes Hearing Disorders Other Indications

Home Healthcare Market, by Region

Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) North America (United States, Canada and Mexico) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)

Key Player

1. AstraZeneca plc 2. F. Hoffmann-La Roche Ltd. 3. Amedisys Home Health and Hospice Care 4. American Well 5. Apple Inc. 6. CVS Health 7. Fresenius SE & Co KGaA 8. Humana Inc. 9. LHC Group Inc. 10. Kindred Healthcare 11. Resmed Inc. 12. National Healthcare Corporation 13. Chubb Fire & Security Pty Ltd 14. Gentiva Health Services, Inc. 15. MEDCO Home Healthcare, Inc. FAQs: 1. What is the Home Healthcare Market value in 2022? Ans: Home Healthcare Market value in 2022 was estimated as 215.60 Billion USD. 2. What is the Home Healthcare Market growth? Ans: The Home Healthcare Market is anticipated to grow with a CAGR of 8.4 % in the forecast period and is likely to reach USD 379.20 Billion by the end of 2029. 3. Which segment is expected to dominate the Home Healthcare Market during the forecast period? Ans: North America dominated the Home Healthcare market with a share of 46.4% in 2022. Dominance is due to the growing prevalence of various chronic diseases, like coronary heart diseases, respiratory disorders, and diabetes, the presence of a huge elderly population with a rise in baby boomers during the forecast period in the United States, necessitating efficient treatment while managing the healthcare costs without facing financial penalties. 4. Who are the key players in the Home Healthcare Market? Ans: Some key players operating in the Home Healthcare market include Fresenius SE & Co. KGaA (Germany), GE Healthcare (US), Linde plc (Ireland), F. Hoffmann-La Roche Ltd (Switzerland), A&D Company (Japan), BAYADA Home Health Care (US), Invacare Corporation (US), Abbott (US), Amedisys (US), Kindred at Home (US), LHC Group, Inc. (US), OMRON Corporation (Japan), Koninklijke Philips N.V. (Netherlands), Drive DeVilbiss Healthcare (US), Hamilton Medical (Switzerland) 5. What is the key driving factor for the growth of the Home Healthcare Market? Ans: This growth can be attributed to cost-efficiency, improved patient outcomes, and convenience offered by home healthcare agencies. In addition, the rising geriatric population and the growing prevalence of chronic diseases, such as Alzheimer's, dementia, and orthopedic conditions, are expected to drive market growth.
1. Global Home Healthcare Market: Research Methodology 2. Global Home Healthcare Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global Home Healthcare Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Home Healthcare Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12 COVID-19 Impact 4. Global Home Healthcare Market Segmentation 4.1 Global Home Healthcare Market, by Equipment (2022-2029) • Services • Diagnostic • Mobility Care 4.2 Global Home Healthcare Market, by Services (2022-2029) • Rehabilitation Services • Respiratory Therapy Services • Infusion Therapy Services • Other Services 4.3 Global Home Healthcare Market, by Indication (2022-2029) • Cancer • Respiratory Diseases • Movement Disorders • Cardiovascular Diseases & Hypertension • Pregnancy • Wound Care • Diabetes • Hearing Disorders • Other Indications 5. North America Home Healthcare Market(2022-2029) 5.1 North America Home Healthcare Market, by Equipment (2022-2029) • Services • Diagnostic • Mobility Care 5.2 North America Home Healthcare Market, by Services (2022-2029) • Rehabilitation Services • Respiratory Therapy Services • Infusion Therapy Services • Other Services 5.3 North America Home Healthcare Market, by Indication (2022-2029) • Cancer • Respiratory Diseases • Movement Disorders • Cardiovascular Diseases & Hypertension • Pregnancy • Wound Care • Diabetes • Hearing Disorders • Other Indications 5.4 North America Home Healthcare Market, by Country (2022-2029) • United States • Canada • Mexico 6. Europe Home Healthcare Market (2022-2029) 6.1. European Home Healthcare Market, by Equipment (2022-2029) 6.2. European Home Healthcare Market, by Services (2022-2029) 6.3. European Home Healthcare Market, by Indication (2022-2029) 6.4. European Home Healthcare Market, by Country (2022-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Home Healthcare Market (2022-2029) 7.1. Asia Pacific Home Healthcare Market, by Equipment (2022-2029) 7.2. Asia Pacific Home Healthcare Market, by Services (2022-2029) 7.3. Asia Pacific Home Healthcare Market, by Indication (2022-2029) 7.4. Asia Pacific Home Healthcare Market, by Country (2022-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Home Healthcare Market (2022-2029) 8.1 Middle East and Africa Home Healthcare Market, by Equipment (2022-2029) 8.2. Middle East and Africa Home Healthcare Market, by Services (2022-2029) 8.3. Middle East and Africa Home Healthcare Market, by Indication (2022-2029) 8.4. Middle East and Africa Home Healthcare Market, by Country (2022-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Home Healthcare Market (2022-2029) 9.1. South America Home Healthcare Market, by Equipment (2022-2029) 9.2. South America Home Healthcare Market, by Services (2022-2029) 9.3. South America Home Healthcare Market, by Indication (2022-2029) 9.4 South America Home Healthcare Market, by Country (2022-2029) • Brazil • Argentina • Rest Of South America 10. Company Profile: Key players 10.1 AstraZeneca plc 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2 F. Hoffmann-La Roche Ltd. 10.3 Amedisys Home Health and Hospice Care 10.4 American Well 10.5 Apple Inc. 10.6 CVS Health 10.7 Fresenius SE & Co KGaA 10.8 Humana Inc. 10.9 LHC Group Inc. 10.10 Kindred Healthcare 10.11 Resmed Inc. 10.12 National Healthcare Corporation 10.13 Chubb Fire & Security Pty Ltd 10.14 Gentiva Health Services, Inc. 10.15 MEDCO Home Healthcare, Inc.