The global home healthcare market size is estimated to be USD 387.7 billion in 2021 and is expected to witness a CAGR of 8.81% during the forecast period. Technological advancements in-home healthcare market is a key driver for the growth of the global home healthcare market. Additionally, increasing cost in healthcare facilities and the growing need for inexpensive treatment options, and growing cases of chronic diseases such as cancer, diabetes, and others are some of the other drivers propelling the market growth. Nevertheless, fluctuating repayment policies by various insurance agencies and limited insurance coverage for home healthcare are expected to restrain the global market growth.
Global Home Healthcare Market Size (USD Billion), 2021-2029
Source: Erevna Healthcare
By Product
Based on product, the market is segmented into testing, screening, and monitoring products; therapeutic, and home healthcare mobility care products. In 2021, the testing, screening, and monitoring products segment accounted for the substantial revenue share with lucrative CAGR during the forecast period. This is attributed to the growth in the number of patients who are suffering from chronic or acute respiratory illnesses is increasing the demand for advanced devices for testing and monitoring worldwide. Home healthcare mobility care products segment projected to grow at a profitable CAGR during the forecast period. This is attributed to the reduction in service cost for in-home healthcare in comparison to the hospital or nursing homes is another key factor driving the market.
By Service
Based on services, the market is categorized into unskilled care, skilled nursing, rehabilitation therapy, respiratory therapy, hospice and palliative care, infusion therapy, and pregnancy care. In 2021, the skilled nursing segment accounted for the substantial revenue share with lucrative CAGR during the forecast period. This is due to the care that can be provided in-home settings offer a reassuring solution in comparison to living in hospitals worldwide. The rehabilitation therapy segment is anticipated to grow at a profitable CAGR during the forecast period, due to the favourable insurance coverage for rehabilitation therapy is projected to support the growth of this segment.
By Indication
Based on indication, the market is categorized into respiratory disease, cancer, cardiovascular disorders & hypertension, movement/mobility disorder, pregnancy, wound care, diabetes, hearing disorders, and others. In 2021, the diabetes segment accounted for the substantial revenue share with lucrative CAGR during the forecast period. This is due to the growing number of cases and patients suffering from diabetes worldwide. The wound care segment is anticipated to grow at a profitable CAGR during the forecast period, due to the increasing cases of accidents at home and on the roads.
Regional Insights
In 2021, North America accounted for the highest revenue share in the global market and is expected to maintain its dominance during the forecast period. This is attributed to the shift from hospitals and nursing homes to in-home healthcare, availability of technologically advanced products, presence of advanced medical structure, and the presence of major manufacturers in the region. Asia Pacific market is projected to exhibit the fastest CAGR over the forecast period owing to the less stringent regulations, high rate of incidences of chronic diseases, aged population, and availability of skilled labor forces at economic costs, which are the major factors in this region.
Competitor Insights
Some of the key players in the home healthcare market are GE Healthcare (U.S.); Fresenius SE & Co. KGaA (Germany); Linde plc (Ireland); A&D Company (Japan); F. Hoffmann-La Roche AG (Switzerland); Bayada Home Health Care (U.S.); Abbott Laboratories (U.S.); Invacare Corporation (U.S.); Amedisys (U.S.); and Gentiva Health Services (U.S.). The leading players operating in the home healthcare industry are adopting various strategies including R&D investments, mergers & acquisitions, and regional expansions to capture a maximum revenue share.
This exhaustive research report focuses on market size and forecast at global, segmental, regional and country level along with key market trends and dynamics from 2018 to 2026. The home healthcare market report is categorized into the following segments and subsegments:
Home Healthcare Market, By Product (Revenue, USD Billion, 2021-2029)
- Testing, Screening, and Monitoring Products
- ECG/EKG Devices
- Blood Glucose Monitors
- Hearing Aids
- Blood Pressure Monitors
- Ovulation And Pregnancy Test Kits
- Pulse Oximeters
- Heart Rate Monitors
- Coagulation Monitoring Products
- Fetal Monitoring Devices
- HIV Test Kits
- Others
- Therapeutic
- Dialysis equipment
- Wound care products
- IV Equipment
- Sleep Apnea Therapeutic Devices
- Insulin Delivery Devices
- Oxygen Delivery Systems
- Inhalers
- Nebulizers
- Ventilators
- Home Healthcare Mobility Care Products
- Wheelchairs
- Mobility Scooters
- Walkers And Rollators
- Crutches
- Canes
Home Healthcare Market, By Service (Revenue, USD Billion, 2021-2029)
- Unskilled Care
- Skilled Nursing
- Rehabilitation Therapy
- Respiratory Therapy
- Hospice and Palliative Care
- Infusion Therapy
- Pregnancy Care
Home Healthcare Market, By Indication (Revenue, USD Billion, 2021-2029)
- Respiratory Diseases
- Cancer
- Cardiovascular Disorders & Hypertension
- Movement/Mobility Disorders
- Pregnancy
- Wound Care
- Diabetes
- Hearing Disorders
- Other Indications
Home Healthcare Market, By Region (Revenue, USD Billion, 2021-2029)
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- UK
- Spain
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of LATAM
- Middle East & Africa
- South Africa
- Saudi Arabia
- Rest of MEA
Scope of Home Healthcare Market Report:
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Table of Contents: Home Healthcare Market 2021-2029
- Research Methodology
- Study Objectives
- Study Scope
- Research Assumptions
- Research Framework
- Research Models
- Bottom-up Approach
- Top-down Approach
- Data Triangulation
- Data Procurement
- Internal Database
- Secondary Research
- Purchased Database
- Primary Research
- Data Analysis
- Data Validation
- Market Size Estimation
- Market Forecast Model
- Quality Assessment
- Research Models
- Introduction: Advanced Therapy Medicinal Products
- Executive Summary
- Global Market Scenario
- Segment Market Scenario
- Geographic Market Scenario
- COVID-19 Impact
- Competitive Landscape
- Market Dynamics
- Market Drivers
- Driver 1
- Driver 2
- Driver 3
- Driver 4
- Driver 5
- Market Restraint
- Restraint 1
- Restraint 2
- Restraint 3
- Restraint 4
- Market Opportunities
- Opportunity 1
- Opportunity 2
- Opportunity 3
- Opportunity 4
- Market Trends
- Trend 1
- Trend 2
- Trend 3
- Trend 4
- Market Challenges
- Challenge 1
- Challenge 2
- Challenge 3
- Challenge 4
- Market Drivers
- Market Environment Analysis
- Porter’s 5 Forces Analysis
- PESTEL Analysis
- Value Chain Analysis
- SWOT Analysis
- Benchmark
- COVID-19 Impact Analysis: Home Healthcare Market
- COVID-19: Overview
- COVID-19 Impact on the Global Market
- COVID-19 Impact on the Regional Markets
- Market Analysis by Component
- Equipment
- Equipment Market Forecast, 2021-2029 (USD Million)
- Services
- Services Market Forecast, 2021-2029 (USD Million)
- Equipment
- Regional Market Analysis
- Regional Market Trends
- Regional Market: Comparative Analysis
- North America Home Healthcare Market
- North America Home Healthcare Market
- North America Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Component, 2021-2029 (USD Million)
- S. Home Healthcare Market
- S. Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Component, 2021-2029 (USD Million)
- Canada Home Healthcare Market
- Canada Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Component, 2021-2029 (USD Million)
- Canada Market Size and Forecast, 2021-2029 (USD Million)
- S. Market Size and Forecast, 2021-2029 (USD Million)
- North America Market Size and Forecast, 2021-2029 (USD Million)
- North America Home Healthcare Market
- Europe Home Healthcare Market
- Europe Home Healthcare Market
- Europe Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Component, 2021-2029 (USD Million)
- Germany Home Healthcare Market
- Germany Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Component, 2021-2029 (USD Million)
- UK Home Healthcare Market
- UK Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Component, 2021-2029 (USD Million)
- France Home Healthcare Market
- France Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Component, 2021-2029 (USD Million)
- Spain Home Healthcare Market
- Spain Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Component, 2021-2029 (USD Million)
- Italy Home Healthcare Market
- Italy Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Component, 2021-2029 (USD Million)
- Rest of Europe Home Healthcare Market
- Rest of Europe Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Component, 2021-2029 (USD Million)
- Rest of Europe Market Size and Forecast, 2021-2029 (USD Million)
- Italy Market Size and Forecast, 2021-2029 (USD Million)
- Spain Market Size and Forecast, 2021-2029 (USD Million)
- France Market Size and Forecast, 2021-2029 (USD Million)
- UK Market Size and Forecast, 2021-2029 (USD Million)
- Germany Market Size and Forecast, 2021-2029 (USD Million)
- Europe Market Size and Forecast, 2021-2029 (USD Million)
- Europe Home Healthcare Market
- Asia Pacific Home Healthcare Market
- Asia Pacific Home Healthcare Market
- Asia Pacific Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Component, 2021-2029 (USD Million)
- Japan Home Healthcare Market
- Japan Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Component, 2021-2029 (USD Million)
- China Home Healthcare Market
- China Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Component, 2021-2029 (USD Million)
- India Home Healthcare Market
- India Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Component, 2021-2029 (USD Million)
- South Korea Home Healthcare Market
- South Korea Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Component, 2021-2029 (USD Million)
- Australia Home Healthcare Market
- Australia Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Component, 2021-2029 (USD Million)
- Rest of Asia Pacific Home Healthcare Market
- Rest of Asia Pacific Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Component, 2021-2029 (USD Million)
- Rest of Asia Pacific Market Size and Forecast, 2021-2029 (USD Million)
- Australia Market Size and Forecast, 2021-2029 (USD Million)
- South Korea Market Size and Forecast, 2021-2029 (USD Million)
- India Market Size and Forecast, 2021-2029 (USD Million)
- China Market Size and Forecast, 2021-2029 (USD Million)
- Japan Market Size and Forecast, 2021-2029 (USD Million)
- Asia Pacific Market Size and Forecast, 2021-2029 (USD Million)
- Asia Pacific Home Healthcare Market
- Latin America Home Healthcare Market
- Latin America Home Healthcare Market
- Latin America Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Component, 2021-2029 (USD Million)
- Brazil Home Healthcare Market
- Brazil Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Component, 2021-2029 (USD Million)
- Mexico Home Healthcare Market
- Mexico Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Component, 2021-2029 (USD Million)
- Argentina Home Healthcare Market
- Argentina Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Component, 2021-2029 (USD Million)
- Rest of Latin America Home Healthcare Market
- Rest of Latin America Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Component, 2021-2029 (USD Million)
- Rest of Latin America Market Size and Forecast, 2021-2029 (USD Million)
- Argentina Market Size and Forecast, 2021-2029 (USD Million)
- Mexico Market Size and Forecast, 2021-2029 (USD Million)
- Brazil Market Size and Forecast, 2021-2029 (USD Million)
- Latin America Market Size and Forecast, 2021-2029 (USD Million)
- Latin America Home Healthcare Market
- MEA Home Healthcare Market
- MEA Home Healthcare Market
- MEA Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Component, 2021-2029 (USD Million)
- GCC Home Healthcare Market
- GCC Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Component, 2021-2029 (USD Million)
- South Africa Home Healthcare Market
- South Africa Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Component, 2021-2029 (USD Million)
- Rest of MEA Home Healthcare Market
- Rest of MEA Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Component, 2021-2029 (USD Million)
- Rest of MEA Market Size and Forecast, 2021-2029 (USD Million)
- South Africa Market Size and Forecast, 2021-2029 (USD Million)
- GCC Market Size and Forecast, 2021-2029 (USD Million)
- MEA Market Size and Forecast, 2021-2029 (USD Million)
- MEA Home Healthcare Market
- Competitor Analysis
- Market Share Analysis, 2021-2029
- Competitive Mapping
- Key Players Market Place Analysis
- Major Recent Developments
- Company Profiles
- Fresenius SE & Co. KGaA (Germany)
- Company Snapshot
- Company Overview
- Financials
- Product Benchmarking
- Recent Developments
- GE Healthcare (US)
- Company Snapshot
- Company Overview
- Financials
- Product Benchmarking
- Recent Developments
- Linde plc (Ireland)
- Company Snapshot
- Company Overview
- Financials
- Product Benchmarking
- Recent Developments
- Hoffmann-La Roche Ltd (Switzerland)
- Company Snapshot
- Company Overview
- Financials
- Product Benchmarking
- Recent Developments
- A&D Company (Japan)
- Company Snapshot
- Company Overview
- Financials
- Product Benchmarking
- Recent Developments
- BAYADA Home Health Care (US)
- Company Snapshot
- Company Overview
- Financials
- Product Benchmarking
- Recent Developments
- Invacare Corporation (US)
- Company Snapshot
- Company Overview
- Financials
- Product Benchmarking
- Recent Developments
- Abbott (US)
- Company Snapshot
- Company Overview
- Financials
- Product Benchmarking
- Recent Developments
- Amedisys (US)
- Company Snapshot
- Company Overview
- Financials
- Product Benchmarking
- Recent Developments
- ResMed (US)
- Company Snapshot
- Company Overview
- Financials
- Product Benchmarking
- Recent Developments
- LHC Group, Inc. (US)
- Company Snapshot
- Company Overview
- Financials
- Product Benchmarking
- Recent Developments
- OMRON Corporation (Japan)
- Company Snapshot
- Company Overview
- Financials
- Product Benchmarking
- Recent Developments
- Koninklijke Philips N.V. (Netherlands)
- Company Snapshot
- Company Overview
- Financials
- Product Benchmarking
- Recent Developments
- Drive DeVilbiss Healthcare (US)
- Company Snapshot
- Company Overview
- Financials
- Product Benchmarking
- Recent Developments
- Hamilton Medical (Switzerland
- Company Snapshot
- Company Overview
- Financials
- Product Benchmarking
- Recent Developments
- Others Prominent Players
- Fresenius SE & Co. KGaA (Germany)
Conclusion & Recommendations