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Home Healthcare Market

Home Healthcare Market

Home Healthcare Market - Global Industry Assessment & Forecast

Number Of Pages # Pages:


Base Year:



Jan - 2024



Report Code:


Segments Covered
  • By Product By Product Therapeutic Products, Testing, Screening and Monitoring Products, Mobility Care Products
  • By Service By Service Skilled Nursing, Rehabilitation Therapy, Hospice & Palliative Care, Respiratory Therapy, Infusion Therapy, Unskilled Care, Pregnancy Care
  • By Indication By Indication Cancer, Diabetes, Respiratory Diseases, Cardiovascular Diseases & Hypertension, Movement Disorders, Pregnancy, Wound Care, Hearing Disorders, Other Indications
  • By Region By Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Base YearBase Year: 2023
Forecast YearsForecast Years: 2024 - 2032
Historical YearsHistorical Years: 2018 - 2022
Revenue 2023Revenue 2023: USD 257 Billion
Revenue 2032Revenue 2032: USD 530.9 Billion
Revenue CAGRRevenue CAGR (2024 - 2032): 8.4%
Fastest Growing Region Fastest Growing Region (2024 - 2032) Asia Pacific
Largest Region Largest Region (2023): North America
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost) Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries) Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report Country/Region-specific Report
  • Go To Market Strategy Go To Market Strategy
  • Region Specific Market Dynamics Region Specific Market Dynamics
  • Region Level Market Share Region Level Market Share
  • Import Export Analysis Import Export Analysis
  • Production Analysis Production Analysis
  • Other Others Request Customization Speak To Analyst
Home Healthcare Market Share

The global Home Healthcare Market is valued at USD 257 Billion in 2023 and is projected to reach a value of USD 530.9 Billion by 2032 at a CAGR (Compound Annual Growth Rate) of 8.4% between 2024 and 2032.

Key highlights of Home Healthcare Market

  • The industry is experiencing a paradigm shift towards patient-centric care models, prioritizing personalized and individualized healthcare services tailored to the unique requirements of patients in their homes
  • In 2023, North America accounted for the most substantial growth, with a revenue share of 43.2%
  • The Asia Pacific region is anticipated to be the fastest-growing market during the forecast period
  • The Therapeutic Products segment is anticipated to lead the global market growth
  • Based on the Service, the Skilled Nursing segment accounted for the major market growth in 2023

Home Healthcare Market Size, 2023 To 2032 (USD Billion)

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Home Healthcare Market: Regional Overview

North America Dominated Sales with a 43.2% share in 2023. The North American region led the Home Healthcare market due to an aging population base, an increasing prevalence of chronic diseases, and a rising demand for personalized healthcare services. The region's advanced healthcare infrastructure, coupled with technological innovations, fosters the adoption of home healthcare solutions. Telehealth services, remote patient monitoring, and home-based medical devices are gaining traction, promoting patient-centric care and reducing the burden on traditional healthcare facilities. Moreover, supportive government initiatives and reimbursement policies contribute to expanding home healthcare services. The North American segment also reflects a dynamic landscape, emphasizing the importance of accessible, convenient, and efficient healthcare delivery in the comfort of patients' homes. For instance, in September 2022, Parkland Health initiated a program to provide hospital-level care within the patient's home, aiming to deliver superior healthcare services in a home setting. This is to decrease the overall expenses associated with patient care.

The U.S. Home Healthcare market, valued at USD 150.3 billion in 2023 to USD 282.8 Billion in 2032 is anticipated to grow at a CAGR of 7.28% from 2024 to 2032. The expanding elderly population, growing presence of chronic diseases, and advantageous reimbursement for home healthcare equipment are the main factors that contribute to this growth. For instance, the rapid growth of the U.S. geriatric population, comprising 17.3% of the country's population, fuels the preference for home healthcare services. Medicare's reimbursement for home health services, such as skilled nursing care and therapy, further supports market growth. The COVID-19 pandemic accelerated the adoption of home health services, reducing infection risks and easing healthcare facility burdens. Technological advancements, including electronic visit verification, are transforming home healthcare.

The global Home Healthcare market can be categorized as Product, Service and Region.

Parameter Details
Segments Covered

By Product

  • Therapeutic Products
  • Testing, Screening and Monitoring Products
  • Mobility Care Products

By Service

  • Skilled Nursing
  • Rehabilitation Therapy
  • Hospice & Palliative Care
  • Respiratory Therapy
  • Infusion Therapy
  • Unskilled Care
  • Pregnancy Care

By Indication

  • Cancer
  • Diabetes
  • Respiratory Diseases
  • Cardiovascular Diseases & Hypertension
  • Movement Disorders
  • Pregnancy
  • Wound Care
  • Hearing Disorders
  • Other Indications

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Regions & Countries Covered
  • North America - (U.S., Canada, Mexico)
  • Europe - (U.K., France, Germany, Italy, Spain, Rest Of Europe)
  • Asia Pacific - (China, Japan, India, South Korea, South East Asia, Rest Of Asia Pacific)
  • Latin America - (Brazil, Argentina, Rest Of Latin America)
  • Middle East & Africa - (GCC Countries, South Africa, Rest Of Middle East & Africa)
Companies Covered
  • Linde PLC (Ireland)
  • B. Braun SE (Germany)
  • Becton Dickinson and Company (U.S.)
  • GE Healthcare (U.S.)
  • Baxter International Inc. (U.S.)
  • Cardinal Health Inc. (U.S.)
  • McKesson Medical-Surgical Inc. (U.S.)
  • Medline Industries (U.S.)
  • OMRON Healthcare Inc. (Japan)
  • Masimo Corporation (U.S.)
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis
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Home Healthcare Market: Product Overview

In 2023, the therapeutic products segment accounted for the largest share. Based on the Product, the market can be categorized into Therapeutic Products, Testing, Screening and Monitoring Products, and Mobility Care Products.

The therapeutic products segment encompasses various medical devices and treatments designed for in-home use. With the growing preference for home-based healthcare solutions, the demand for therapeutic products has surged. This segment plays a pivotal role in addressing various health conditions and promoting efficient, convenient healthcare delivery within the comfort of one's home.

Home Healthcare Market: Service Overview

In 2023, the Skilled Nursing Segment segment accounted for over 20% market share. The market can be split by Service among Skilled Nursing, Rehabilitation Therapy, Hospice & Palliative Care, Respiratory Therapy, Infusion Therapy, Unskilled Care, and Pregnancy Care.

The skilled nursing segment involves specialized medical care provided by trained professionals in patients' homes. As healthcare trends shift towards more cost-effective and patient-centric models, the Skilled Nursing segment becomes integral in delivering comprehensive, personalized healthcare solutions. This approach promotes recovery and reduces hospital readmissions, enhancing overall healthcare efficiency and patient satisfaction.

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Key Trends

  1. The global home healthcare market is witnessing a surge in telehealth services, enabling remote consultations, monitoring, and managing patients' health conditions, contributing to accessible and convenient healthcare.
  2. More focus is being placed on providing healthcare at home, especially for managing chronic diseases, as the elderly population grows. This involves addressing conditions like diabetes, cardiovascular diseases, and respiratory disorders in the comfort of individuals' homes.
  3. Continuous advancements in technology are giving rise to high-tech medical devices designed for use at home. These innovations aim to empower patients to take charge of their own health while enhancing the overall effectiveness of home healthcare services.
  4. Governments worldwide actively support home healthcare initiatives through favorable policies, reimbursement schemes, and regulatory frameworks, fostering market growth.
  5. Home healthcare is growing worldwide, gaining popularity in both advanced and emerging regions. This trend is propelled by the demand for healthcare solutions that are both cost-effective and practical, especially in the changing demographic and economic conditions.

Premium Insights

The landscape of home healthcare in the United States is transforming, with nearly 2.3 million home care workers pivotal in delivering personal assistance and healthcare support to older adults and individuals with disabilities in homes and community-based settings. In the upcoming ten years, from 2016 to 2026, the home care industry is prepared to manage an impressive 4.2 million job opportunities, with one million newly created roles to fulfill the rising need for home care services. The surge in employment is fueled by the rapid expansion of the older adult population and a consequential transition in delivering long-term services. It supports from institutional settings to private homes and communities. This highlights the urgency of workforce expansion to address the evolving needs of an elderly population and the increasing preference for personalized care within the comfort of individuals' homes.

Report Coverage & Deliverables

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  • Competitor Benchmarking
  • Market Trends Heatmap
  • Custom Research Queries
  • Market Sentiment Analysis
  • Demographic and Geographic Insights

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Economic Insights

The shift towards home-based services is economically advantageous, as it minimizes healthcare system burdens and enhances resource allocation. For example, adopting telehealth technologies reduces travel costs and time for patients and providers, promoting economic efficiency. Additionally, home healthcare services create employment opportunities, contributing to local economies. The economic implications underscore the market's potential to align healthcare delivery with fiscal responsibility, making it a strategic choice amid evolving global economic landscapes.

Competitive Landscape

The competitive landscape in the global home healthcare market is characterized by intense rivalry among crucial players striving to assert market dominance. Companies offer innovative solutions, expand service portfolios, and enhance geographical reach. Technological advancements, strategic collaborations, and mergers & acquisitions influence competitive dynamics.

The key players in the global Home Healthcare market include - Linde PLC (Ireland), B. Braun SE (Germany), Becton Dickinson and Company (U.S.), GE Healthcare (U.S.), Baxter International Inc. (U.S.), Cardinal Health Inc. (U.S.), McKesson Medical-Surgical Inc. (U.S.), Medline Industries (U.S.), OMRON Healthcare Inc. (Japan), Masimo Corporation (U.S.) among others.

Recent Market Developments

  • In April 2023, OMRON Healthcare Co. Ltd. revealed its entry into India's remote home heart monitoring and management sector through a partnership with Tricog, the foremost Heart Health AI company dedicated to early diagnosis and control of heart disease in the Indian market. This initiative seeks to enhance the nation's cardiovascular disease management system by introducing TriCare. This remote patient management platform integrates OMRON's connected monitoring devices with Tricog's AI-powered health data analytics.
  • In November 2022, Cardinal Health is introducing a supply chain solution that extends hospital-level care to patients' homes. The newly unveiled Velocare™ is a supply chain network and last-mile fulfillment solution designed to deliver essential products and services for hospital-level care at home within one to two hours. In collaboration with Medically Home, Cardinal Health at-Home Solutions is working to support a Medically Home health system customer using Velocare, allowing for the provision of scaled, high-acuity care within a home setting.
  • In May 2022, GE Healthcare made a strategic move into the homecare sector through a significant investment in Pulsenmore, an Israeli start-up. The investment, up to $50 million, represents an essential advancement in promoting precision health. The primary objective of this investment is to enhance the peace of mind of expectant mothers and reduce the need for in-person visits. GE Healthcare's financial support is intended to expedite the worldwide adoption of Pulsenmore's homecare ultrasound solutions, assisting in pursuing U.S. FDA clearance and facilitating commercial expansion.

Frequently Asked Question
  • The global Home Healthcare valued at USD 257 Billion in 2023 and is expected to reach USD 530.9 Billion in 2032 growing at a CAGR of 8.4%.

  • The prominent players in the market are Linde PLC (Ireland), B. Braun SE (Germany), Becton Dickinson and Company (U.S.), GE Healthcare (U.S.), Baxter International Inc. (U.S.), Cardinal Health Inc. (U.S.), McKesson Medical-Surgical Inc. (U.S.), Medline Industries (U.S.), OMRON Healthcare Inc. (Japan), Masimo Corporation (U.S.).

  • The market is project to grow at a CAGR of 8.4% between 2024 and 2032.

  • The driving factors of the Home Healthcare include

  • North America was the leading regional segment of the Home Healthcare in 2023.