PUBLISHER: Polaris Market Research | PRODUCT CODE: 1424113
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1424113
Home Healthcare Market Share, Size, Trends, Industry Analysis Report, By Component (Equipment, Service); By Region; Segment Forecast, 2024 - 2032
The global home healthcare market size is expected to reach USD 699.74 billion by 2032, according to a new study by Polaris Market Research. The report "Home Healthcare Market Share, Size, Trends, Industry Analysis Report, By Component (Equipment, Service); By Region; Segment Forecast, 2024 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The patient-centered strategy used in home healthcare provides numerous benefits, including better patient outcomes, longer care duration, cost-effectiveness, and fewer unnecessary hospitalizations. Because of these benefits, increasing adoption of home health care is expected to drive growth in the home healthcare market.
The global home healthcare market is expanding due to the increasing adoption of telehealth technology in the healthcare system, with the goal of providing high-quality medical services to patients remotely. The extensive use of advanced technology, combined with a significant increase in research and development initiatives in the telehealth sector, is assisting in the market's expansion.
The rising costs of hospital beds and other medical services have led an increasing number of patients to seek out home-based services that are comfortable, dependable, efficient, and affordable. The demand for essential products such as ventilators, nebulizers, continuous positive airway pressure (CPAP) devices, and similar items remains constant.
The market offers significant opportunities due to factors such as increased awareness of home healthcare services in developing regions, quick adoption of advanced technology in home-based healthcare, and a growing geriatric population dealing with health conditions such as Alzheimer's and Dementia. It offers significant opportunities for market players.
A growing number of elderly people prefer to age in their own homes rather than move into assisted living facilities or nursing homes. This trend is primarily driven by the high costs of long-term care, as well as a strong desire to maintain independence and autonomy. Concurrently, nuclear families-those without children in which all adults work-are becoming more common. With limited time available for caregiving, these families frequently turn to professional home healthcare services for the support and assistance required for elderly or disabled family members.
Home Healthcare Market Report Highlights
The service segment held the largest revenue share in the home healthcare market owing to the surging demand for treatments at home. The ageing population is increasing at a great pace, which has enhanced risk of being diagnosed with a chronic disease.
North America accounted for the largest market share. The growing preference of patients for home health care due to benefits such as convenience, cost-effectiveness, privacy, and accessibility of reimbursement for a variety of health services, expansion of services, the launch of numerous products and service providers by medical device manufacturers for use in home health services and settings by home health providers will drive market growth.
Asia-Pacific region witnessed for the fastest growth in the home healthcare market. The region's elderly population is growing rapidly, and this demographic shift, combined with an increase in the prevalence of chronic diseases among the elderly, is driving market growth. Furthermore, rising public awareness about the accessibility and cost-effectiveness of home health services, advancements in healthcare infrastructure, and the introduction of diverse home health solutions by regional entities are expected to have a positive impact on the regional market.
The global key market players include A&D Company, Abbott Laboratories, Amedisys, Almost Family, BAYADA Home Health Care, Bayer AG, Fresenius, GE Healthcare, Kindred Healthcare, Kinnser Software, Linde Corporation, LHC Group, McKesson Corporation, Omron Healthcare, Philips Healthcare, Portea Medical, Roche Holding AG.
Polaris Market Research has segmented the home healthcare market report based on component, and region:
Home Healthcare, Component Outlook (Revenue - USD Billion, 2019 - 2032)
- Equipment
- Mobility Assist
- Therapeutic
- Diagnostics
- Service
- Infusion Therapy Services
- Telemetry
- Respiratory Therapy Service
- Rehabilitation
- Unskilled Home Care
Home Healthcare, Regional Outlook (Revenue - USD Billion, 2019 - 2032)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Latin America
- Argentina
- Brazil
- Mexico
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
- 2.1. Market Highlights
3. Research Methodology
- 3.1. Overview
- 3.1.1. Data Mining
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Home Healthcare Market Insights
- 4.1. Home Healthcare Market - Industry Snapshot
- 4.2. Home Healthcare Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Greater availability of home healthcare devices will drive the growth of the market
- 4.2.1.2. Fast technological advancements in the home healthcare will bolster the growth of the market
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Deficiency of a health standards as compared to the hospital healthcare will hamper on the growth of the market
- 4.2.1. Drivers and Opportunities
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTLE Analysis
- 4.5. Value Chain Analysis
- 4.6. Home Healthcare Industry trends
- 4.7. COVID-19 Impact Analysis
5. Global Home Healthcare Market, by Component
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Home Healthcare Market, by Component, 2019-2032 (USD Billion)
- 5.3. Equipment
- 5.3.1. Global Home Healthcare Market, by Equipment, by Region, 2019-2032 (USD Billion)
- 5.3.2 Mobility Assist
- 5.3.2.1. Global Home Healthcare Market, by Mobility Assist, by Region, 2019-2032 (USD Billion)
- 5.3.3. Therapeutic
- 5.4.3.1. Global Home Healthcare Market, by Therapeutic, by Region, 2019-2032 (USD Billion)
- 5.3.4. Diagnostics
- 5.3.4.1. Global Home Healthcare Market, by Diagnostics, by Region, 2019-2032 (USD Billion)
- 5.4. Service
- 5.4.1. Global Home Healthcare Market, by Service, by Region, 2019-2032 (USD Billion)
- 5.4.2. Infusion Therapy Services
- 5.4.2.1. Global Home Healthcare Market, by Infusion Therapy Services, by Region, 2019-2032 (USD Billion)
- 5.4.3. Telemetry
- 5.4.3.1. Global Home Healthcare Market, by Telemetry, by Region, 2019-2032 (USD Billion)
- 5.4.4. Respiratory Therapy Service
- 5.4.4.1. Global Home Healthcare Market, by Respiratory Therapy Service, by Region, 2019-2032 (USD Billion)
- 5.4.5. Rehabilitation
- 5.4.5.1. Global Home Healthcare Market, by Rehabilitation, by Region, 2019-2032 (USD Billion)
- 5.4.6. Unskilled Home Care
- 5.4.6.1. Global Home Healthcare Market, by Merchandise Sales, by Region, 2019-2032 (USD Billion)
6. Global Home Healthcare Market, by Geography
- 6.1. Key findings
- 6.2. Introduction
- 6.2.1. Home Healthcare Market Assessment, By Geography, 2019-2032 (USD Billion)
- 6.3. Home Healthcare Market - North America
- 6.3.1. North America: Home Healthcare Market, by Component, 2019-2032 (USD Billion)
- 6.3.2. Home Healthcare Market - U.S.
- 6.3.2.1. U.S.: Home Healthcare Market, by Component, 2019-2032 (USD Billion)
- 6.3.3. Home Healthcare Market - Canada
- 6.3.3.1. Canada: Home Healthcare Market, by Component, 2019-2032 (USD Billion)
- 6.4. Home Healthcare Market - Europe
- 6.4.1. Europe: Home Healthcare Market, by Component, 2019-2032 (USD Billion)
- 6.4.2. Home Healthcare Market - UK
- 6.4.2.1. UK: Home Healthcare Market, by Component, 2019-2032 (USD Billion)
- 6.4.3. Home Healthcare Market - France
- 6.4.3.1. France: Home Healthcare Market, by Component, 2019-2032 (USD Billion)
- 6.4.4. Home Healthcare Market - Germany
- 6.4.4.1. Germany: Home Healthcare Market, by Component, 2019-2032 (USD Billion)
- 6.4.5. Home Healthcare Market - Italy
- 6.4.5.1. Italy: Home Healthcare Market, by Component, 2019-2032 (USD Billion)
- 6.4.6. Home Healthcare Market - Spain
- 6.4.6.1. Spain: Home Healthcare Market, by Component, 2019-2032 (USD Billion)
- 6.4.7. Home Healthcare Market - Netherlands
- 6.4.7.1. Netherlands: Home Healthcare Market, by Component, 2019-2032 (USD Billion)
- 6.4.8. Home Healthcare Market - Austria
- 6.4.8.1. Austria: Home Healthcare Market, by Component, 2019-2032 (USD Billion)
- 6.5. Home Healthcare Market - Asia Pacific
- 6.5.1. Asia Pacific: Home Healthcare Market, by Component, 2019-2032 (USD Billion)
- 6.5.2. Home Healthcare Market - China
- 6.5.2.1. China: Home Healthcare Market, by Component, 2019-2032 (USD Billion)
- 6.5.3. Home Healthcare Market - India
- 6.5.3.1. India: Home Healthcare Market, by Component, 2019-2032 (USD Billion)
- 6.5.4. Home Healthcare Market - Malaysia
- 6.5.4.1. Malaysia: Home Healthcare Market, by Component, 2019-2032 (USD Billion)
- 6.5.5. Home Healthcare Market - Japan
- 6.5.5.1. Japan: Home Healthcare Market, by Component, 2019-2032 (USD Billion)
- 6.5.6. Home Healthcare Market - Indonesia
- 6.5.6.1. Indonesia: Home Healthcare Market, by Component, 2019-2032 (USD Billion)
- 6.5.7. Home Healthcare Market - South Korea
- 6.5.7.1. South Korea: Home Healthcare Market, by Component, 2019-2032 (USD Billion)
- 6.6. Home Healthcare Market - Middle East & Africa
- 6.6.1. Middle East & Africa: Home Healthcare Market, by Component, 2019-2032 (USD Billion)
- 6.6.2. Home Healthcare Market - Saudi Arabia
- 6.6.2.1. Saudi Arabia: Home Healthcare Market, by Component, 2019-2032 (USD Billion)
- 6.6.3. Home Healthcare Market - UAE
- 6.6.3.1. UAE: Home Healthcare Market, by Component, 2019-2032 (USD Billion)
- 6.6.4. Home Healthcare Market - Israel
- 6.6.4.1. Israel: Home Healthcare Market, by Component, 2019-2032 (USD Billion)
- 6.6.5. Home Healthcare Market - South Africa
- 6.6.5.1. South Africa: Home Healthcare Market, by Component, 2019-2032 (USD Billion)
- 6.7. Home Healthcare Market - Latin America
- 6.7.1. Latin America: Home Healthcare Market, by Component, 2019-2032 (USD Billion)
- 6.7.2. Home Healthcare Market - Mexico
- 6.7.2.1. Mexico: Home Healthcare Market, by Component, 2019-2032 (USD Billion)
- 6.7.3. Home Healthcare Market - Brazil
- 6.7.3.1. Brazil: Home Healthcare Market, by Component, 2019-2032 (USD Billion)
- 6.7.4. Home Healthcare Market - Argentina
- 6.7.4.1. Argentina: Home Healthcare Market, by Component, 2019-2032 (USD Billion)
7. Competitive Landscape
- 7.1. Expansion and Acquisition Analysis
- 7.1.1. Expansion
- 7.1.2. Acquisitions
- 7.2. Partnerships/Collaborations/Agreements/Exhibitions
8. Company Profiles
- 8.1. A&D Company
- 8.1.1. Company Overview
- 8.1.2. Financial Performance
- 8.1.3. Product Benchmarking
- 8.1.4. Recent Development
- 8.2. Abbott Laboratories
- 8.2.1. Company Overview
- 8.2.2. Financial Performance
- 8.2.3. Product Benchmarking
- 8.2.4. Recent Development
- 8.3. Amedisys
- 8.3.1. Company Overview
- 8.3.2. Financial Performance
- 8.3.3. Product Benchmarking
- 8.3.4. Recent Development
- 8.4. Almost Family
- 8.4.1. Company Overview
- 8.4.2. Financial Performance
- 8.4.3. Product Benchmarking
- 8.4.4. Recent Development
- 8.5. BAYADA Home Health Care
- 8.5.1. Company Overview
- 8.5.2. Financial Performance
- 8.5.3. Product Benchmarking
- 8.5.4. Recent Development
- 8.6. Bayer AG
- 8.6.1. Company Overview
- 8.6.2. Financial Performance
- 8.6.3. Product Benchmarking
- 8.6.4. Recent Development
- 8.7. Fresenius
- 8.7.1. Company Overview
- 8.7.2. Financial Performance
- 8.7.3. Product Benchmarking
- 8.7.4. Recent Development
- 8.8. GE Healthcare
- 8.8.1. Company Overview
- 8.8.2. Financial Performance
- 8.8.3. Product Benchmarking
- 8.8.4. Recent Development
- 8.9. Kindred Healthcare
- 8.9.1. Company Overview
- 8.9.2. Financial Performance
- 8.9.3. Product Benchmarking
- 8.9.4. Recent Development
- 8.10. Kinnser Software
- 8.10.1. Company Overview
- 8.10.2. Financial Performance
- 8.10.3. Product Benchmarking
- 8.10.4. Recent Development
- 8.11. Linde Corporation
- 8.11.1. Company Overview
- 8.11.2. Financial Performance
- 8.11.3. Product Benchmarking
- 8.11.4. Recent Development
- 8.12. LHC Group
- 8.12.1. Company Overview
- 8.12.2. Financial Performance
- 8.12.3. Product Benchmarking
- 8.12.4. Recent Development
- 8.13. McKesson Corporation
- 8.13.1. Company Overview
- 8.13.2. Financial Performance
- 8.13.3. Product Benchmarking
- 8.13.4. Recent Development
- 8.14. Omron Healthcare
- 8.14.1. Company Overview
- 8.14.2. Financial Performance
- 8.14.3. Product Benchmarking
- 8.14.4. Recent Development
- 8.15. Philips Healthcare
- 8.15.1. Company Overview
- 8.15.2. Financial Performance
- 8.15.3. Product Benchmarking
- 8.15.4. Recent Development
- 8.16. Portea Medical
- 8.16.1. Company Overview
- 8.16.2. Financial Performance
- 8.16.3. Product Benchmarking
- 8.16.4. Recent Development
- 8.17. Roche Holding AG
- 8.17.1. Company Overview
- 8.17.2. Financial Performance
- 8.17.3. Product Benchmarking
- 8.17.4. Recent Development
List of Tables
- Table 1 Global Home Healthcare Market, by Component, 2019-2032 (USD Billion)
- Table 2 Home Healthcare Market Assessment, By Geography, 2019-2032 (USD Billion)
- Table 3 North America: Home Healthcare Market, by Component, 2019-2032 (USD Billion)
- Table 4 U.S.: Home Healthcare Market, by Component, 2019-2032 (USD Billion)
- Table 5 Canada: Home Healthcare Market, by Component, 2019-2032 (USD Billion)
- Table 6 Canada: Home Healthcare Market, by Component, 2019-2032 (USD Billion)
- Table 7 Europe: Home Healthcare Market, by Component, 2019-2032 (USD Billion)
- Table 8 Spain: Home Healthcare Market, by Component, 2019-2032 (USD Billion)
- Table 9 Netherlands: Home Healthcare Market, by Component, 2019-2032 (USD Billion)
- Table 10 Austria: Home Healthcare Market, by Component, 2019-2032 (USD Billion)
- Table 11 Germany: Home Healthcare Market, by Component, 2019-2032 (USD Billion)
- Table 12 Italy: Home Healthcare Market, by Component, 2019-2032 (USD Billion)
- Table 13 France: Home Healthcare Market, by Component, 2019-2032 (USD Billion)
- Table 14 Asia Pacific: Home Healthcare Market, by Component, 2019-2032 (USD Billion)
- Table 15 China: Home Healthcare Market, by Component, 2019-2032 (USD Billion)
- Table 16 Japan: Home Healthcare Market, by Component, 2019-2032 (USD Billion)
- Table 17 India: Home Healthcare Market, by Component, 2019-2032 (USD Billion)
- Table 18 Indonesia: Home Healthcare Market, by Component, 2019-2032 (USD Billion)
- Table 19 South Korea: Home Healthcare Market, by Component, 2019-2032 (USD Billion)
- Table 20 Malaysia: Home Healthcare Market, by Component, 2019-2032 (USD Billion)
- Table 21 Latin America: Home Healthcare Market, by Component, 2019-2032 (USD Billion)
- Table 22 Brazil: Home Healthcare Market, by Component, 2019-2032 (USD Billion)
- Table 23 Mexico: Home Healthcare Market, by Component, 2019-2032 (USD Billion)
- Table 24 Argentina: Home Healthcare Market, by Component, 2019-2032 (USD Billion)
- Table 25 Middle East & Africa: Home Healthcare Market, by Component, 2019-2032 (USD Billion)
- Table 26 South Africa: Home Healthcare Market, by Component, 2019-2032 (USD Billion)
- Table 27 Israel: Home Healthcare Market, by Component, 2019-2032 (USD Billion)
- Table 28 Saudi Arabia: Home Healthcare Market, by Component, 2019-2032 (USD Billion)
- Table 29 UAE: Home Healthcare Market, by Component, 2019-2032 (USD Billion)
List of Figures
- Figure 1 Global Home Healthcare Market, 2019-2032 (USD Billion)
- Figure 2 Integrated Ecosystem
- Figure 3 Research Methodology: Top-Down & Bottom-Up Approach
- Figure 4 Market by Geography
- Figure 5 Porter's Five Forces
- Figure 6 Market by Component
- Figure 7 Global Home Healthcare Market, by Component, 2022 & 2032 (USD Billion)
- Figure 8 Home Healthcare Market Assessment, By Geography, 2019-2032 (USD Billion)
- Figure 9 Strategic Analysis - Home Healthcare Market
