The global home healthcare market gathered revenue around USD 181.0 Billion in 2020 and market is set to grow USD 275.2 Billion by the end of 2027 and is estimated to expand at a modest CAGR of 8.0% during the prediction period 2021 to 2027.
The global home healthcare market gathered revenue around USD 181.0 Billion in 2020 and market is set to grow USD 275.2 Billion by the end of 2027 and is estimated to expand at a modest CAGR of 8.0% during the prediction period 2021 to 2027.
Population aging around the world and increased patient preference for value-based healthcare are anticipated to fuel market growth. The aging population demands more patient-centric healthcare services, which in return increases the demand for healthcare workers and agencies and is anticipated to drive market growth.
The Bureau of Labor Statistics states that a growing workforce pertaining to healthcare service translates to the increasing demand for home health and personal healthcare aides and is expected to outpace the healthcare sector’s growth, with more than 4 million jobs only in the home healthcare sector.
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Value-based healthcare is another major factor contributing to the market. In most of the developed and developing nations, the central government is offering either partial or complete coverage for the in-home services. In the U.S., Medicare reimbursements are highly favorable in providing value-based healthcare for improved patient outcomes at a low cost. Thus, in-home care has become a modality of choice for treatment.
In the U.S., Medicare is the largest single payer of home healthcare services. Medicare spending accounts for more than 40% of home health expenditures. Medicaid payments are divided into three main categories: the traditional home health benefit (mandatory), the personal healthcare option, and home and community-based waivers as an optional program. Collectively, these three home healthcare service categories hold a small share of total Medicaid payments.
This research report purposes at stressing the most lucrative growth prospects. The aim of the research report is to provide an inclusive valuation of the Home Healthcare market and it encompasses thoughtful visions, actualities, industry-validated market findings, historic data, and prognoses by means of appropriate set of assumptions and practice. Global Home Healthcare market report aids in comprehending market structure and dynamics by recognizing and scrutinizing the market sectors and predicted the global market outlook.
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Report Scope |
Details |
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Market Size By 2027 |
USD 275.2 Billion |
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Growth Rate from 2021 to 2027 |
CAGR of 8% |
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Largest Market |
North America |
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Fastest Growing Region |
Asia Pacific |
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Companies Covered |
Fresenius SE & Co. KGaA, GE Healthcare , Linde plc , F. Hoffmann-La Roche Ltd , A&D Company , BAYADA Home Health Care, Invacare Corporation , Abbott , Amedisys , Kindred at Home , LHC Group, Inc., OMRON Corporation , Koninklijke Philips N.V., Drive DeVilbiss Healthcare, Hamilton Medical, Sunrise Medical, Roma Medical, Caremax Rehabilitation Equipment Co., Ltd |
COVID-19 Impact Assessment on Market Landscape
The report comprises the scrutiny of COVID-19 lock-down impact on the income of market leaders, disrupters and followers. Since lock down was instigated differently in diverse regions and nations, influence of same is also dissimilar across various industry verticals. The research report offers present short-term and long-term influence on the market to assist market participants across value chain makers to formulate the framework for short term and long-lasting tactics for recovery and by region.
Home Healthcare market report empower readers with all-inclusive market intelligence and offers a granular outline of the market they are operational in. Further this research study delivers exceptional combination of tangible perceptions and qualitative scrutiny to aid companies accomplishes sustainable growth. This report employs industry-leading research practices and tools to assemble all-inclusive market studies, intermingled with pertinent data. Additionally, this report also emphases on the competitive examination of crucial players by analyzing their product portfolio, pricing, gross margins, financial position, growth approaches, and regional occurrence.
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OPPORTUNITY: Untapped developing regions
Home healthcare is an established trend in the developed regions of North America and Europe. Due to favorable regulations and policies in these regions, homecare is rapidly being adopted. As the market in developed countries is nearly saturated, market players have shifted their focus toward the developing regions, especially the emerging economies of Asia Pacific. As the concept of home healthcare in countries such as India and China is still in the early growth phase, market players can capitalize on a wide range of opportunities in these markets. For instance, in April 2017, Quadria Capital (Singapore) invested USD 40 million (INR 250 crore) in the Dabur family-owned HealthCare at Home (HCAH).
Key Players
Some of the prominent players in the Home Healthcare Market include: Fresenius SE & Co. KGaA, GE Healthcare , Linde plc , F. Hoffmann-La Roche Ltd , A&D Company , BAYADA Home Health Care, Invacare Corporation , Abbott , Amedisys , Kindred at Home , LHC Group, Inc., OMRON Corporation , Koninklijke Philips N.V., Drive DeVilbiss Healthcare, Hamilton Medical, Sunrise Medical, Roma Medical, Caremax Rehabilitation Equipment Co., Ltd.
By Product
- Testing, Screening, & Monitoring Products
- Blood Glucose Monitors
- Blood Pressure Monitors
- Pulse Oximeters
- Peak Flow Meters
- Heart Rate Monitors
- Fetal Monitoring Devices
- HIV Test Kits
- Home Sleep Testing Devices
- Coagulation Monitoring Products
- Ovulation and Pregnancy Test Kits
- Holter and Event Monitors
- Cholesterol Monitoring Devices
- Colon Cancer Test Kits
- Home Hemoglobin A1c Test Kits
- Drug and Alcohol Test Kits
- ECG/EKG Devices
- EEG Devices
- Temperature Monitors
- Hearing Aids
- Activity Monitors & Wristbands
- Therapeutic Products
- Oxygen Delivery Systems
- Nebulizers
- Ventilators
- Sleep Apnea Therapeutic Devices
- Wound Care Products
- IV Equipment
- Dialysis Equipment
- Insulin Delivery Devices
- Inhalers
- Other Therapeutic Products (ostomy devices, automated external defibrillators (AEDs))
- Mobility Care Products
- Wheelchairs
- Walkers & Rollators
- Mobility Scooters
- Canes
- Crutches
By Service
- Skilled Nursing Services
- Rehabilitation Therapy Services
- Hospice and Palliative Care Services
- Unskilled Care Services
- Respiratory Therapy Services
- Infusion Therapy Services
- Pregnancy Care Services
By Indication
- Cardiovascular Disorders & Hypertension
- Diabetes
- Respiratory Diseases
- Pregnancy
- Mobility Disorders
- Hearing Disorders
- Cancer
- Wound Care
- Other Indications (sleep disorders, kidney disorders, neurovascular diseases, and HIV)
By Geography
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa (MEA)
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