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Global Home Healthcare Market Share, Size, Growth, Research: By Equipment: Therapeutic Products, Testing, Screening, and Monitoring Products, Mobility Care; By Services: Skilled Home Healthcare, Unskilled Home Healthcare; By Application: Cancer, Respiratory Diseases, Others; Regional Analysis; Supplier Landscape; 2022-2030

Global Home Healthcare Market Outlook

The global market size for the home healthcare industry reached a value of over USD 293.04 billion in 2021. The global home healthcare market is anticipated to grow at a CAGR of 8.50% between 2022 and 2027, reaching a projected value of USD 478.09 billion by 2027.

 

News and Developments in the Market

In September 2022, CVS Health (NYSE: CVS) confirmed its acquisition of home healthcare service provider ‘Signify Health’. The acquisition will supplement the healthcare services strategy of CVS, providing them with a robust platform for accelerated value-based patient care.

 

In June 2022, the United States’ Centers for Medicare and Medicaid Services (CMS) submitted the proposal for a rule reducing spending on home healthcare services. Although the aim of the rule is to reduce overall expenditure, experts view the move as risky, with the potential to increase in-patient and other forms of medical expenditure.

 

In May 2022, Sonida Senior Living completed its first acquisition of the past 5 years, adding two independent living communities to its extensive network. With the new acquisitions, Sonida now has 62 communities it owns directly, and another 14 under its management, through which it offers home healthcare services to senior citizens.

 

In December 2021, leading healthcare company, LifePoint Health acquired Kindred Healthcare. The mission has been to help patients recover from health issues with intensive medical care from comfort of their homes. After the acquisition, LifePoint Health launched a new division in the form of ScionHealth.

 

Key trends in the Market

Home healthcare involves providing healthcare services to vulnerable individuals so that they can be treated in the comfort of their homes. It includes various services provided by skilled and unskilled healthcare professionals such as elder care services, and pregnancy care services, among others. Home healthcare may be for short-term or long-term depending upon the needs of the patient and can involve the use of specialised tools and equipment. They are usually considered to be less expensive and provide equally effective care as compared to in the hospital.

 

  • The pandemic extended ample of opportunities in the telehealth market. Telemedicine technology is aiding the growth of the global home healthcare market by providing access to experienced doctors and medical professionals directly from patient homes.
  • The increasing prevalence of long-term conditions and extended rehabilitation periods, along with concerns over extended stays in hospitals is driving the market for home healthcare. Recovering at home is comfortable for patients, less expensive, and protects them from exposure to hospital contaminations.
  • Artificial Intelligence is playing an increasingly important role across numerous applications. The influence of artificial Intelligence in home healthcare can be observed in the surge in the number of monitoring equipment such as fitness trackers, smart watch, and many more. Use of AI-powered equipment can help monitor results in home healthcare.
  • Chronic diseases which impact senior citizens disproportionately, contribute to disabilities, reduce the quality of existence, and improve long-term maintenance expenses, thus unlocking an array of opportunities for numerous home healthcare companies.
  • Rapid Increase in the elderly population is also contributing to the market exclusively. The rate at which the diseases are surging and affecting mostly the grown-ups has somehow risen the need for healthcare industries.

 

Market Analysis

On the basis of equipment, the global home healthcare market can be classified into therapeutic products, testing, screening, and monitoring products, and mobility care. Based on services, the market is divided into skilled home healthcare, and unskilled home healthcare. According to condition, the market is segmented into cancer, respiratory diseases, pregnancy, wound care, diabetes, cardiovascular diseases and hypertension, among others. The regional markets are divided into North America, Europe, Asia Pacific, Latin America, Middle East and Africa.

 

The comprehensive EMR report provides an in-depth assessment of the market based on the ‘Porter’s five forces model’ along with giving a ‘SWOT analysis’. The report gives a detailed analysis of the following key players in the global home healthcare market, covering their competitive landscape and latest developments:

 

  • Sonida Senior Living Corporation
  • LifePoint Health
  • National Healthcare Corporation
  • Addus Homecare
  • Genesis Healthcare Inc.
  • Abbot Home Healthcare
  • Omron Corporation
  • Others

 

Market Share by Equipment

The global home healthcare market requires a variety of equipment, depending upon the specific needs of the patient and the type of care. While certain products are used for monitoring purposes, others are used for treatment, and for the prevention of complications. Long-term usage equipment for the treatment of chronic conditions occupies a significant share of the market, with types of equipment comprising of insulin delivery devices, inhalers, nebulisers, and sleep apnea therapeutic devices.

 

The newer technologies in this market have improved the communication flow between patients and healthcare providers, enabling better, faster, and more effective care. The increase in prevalence of chronic conditions, growing awareness of lifestyle diseases, and rise in elderly suffering from long-term health diseases will therefore increase the demand for home healthcare, proving favourable for market growth.

 

Market Share by Region

The regional development and penetration of the home healthcare market depends heavily upon market maturity, awareness of the public, support from healthcare providers, and level of expense. North America heavily invested in the home healthcare sector and is a major leading region in the market for home healthcare. The large geriatric population, high volume of chronic diseases, and expensive hospital stays encourage spending in home healthcare. The technical developments are assessed to promote the global home healthcare market growth in these regions.

 

In the developing countries of the Asia Pacific, the expanding population suffering from chronic diseases, rising disposable income, and growing awareness are calculated to run the global home healthcare market expansion. In the Middle East and African regions, the evolving healthcare market and development of home-based treatment protocols is projected to stimulate the global home healthcare market progress.

 

Competitive Landscape

LifePoint Health comprises of a diversified network of healthcare delivery systems, offering specialised healthcare services in rural areas, small towns, and growing regions. It recently completed the acquisition of Kindred Healthcare, which aims to provide proper care and support to those recovering from illness or injury. The mission is to help clients attain the best possible health with intensive medical and rehabilitative care from comfort of their homes.

 

Addus Homecare provides healthcare services, primarily, personal care services such as bathing and self-cleaning as well as hospice and home health services. It aims at providing cost-effective care and aid that will allow patients the independence to remain in their homes and receive assistance in comfort.

 

National HealthCare Corporation (NHC) has been offering the best services in geriatric care for about 50 years now, offering homecare and assisted living services. At NHC, they understand that care should honour the individual, and facilitate healing, well-being, and self-sufficiency. It is comprehended nationwide as an architect in the liberation of excellent senior care.

 

Other market players include Omron Corporation, Abbot Home Healthcare Inc., Genesis Healthcare Inc., Sonida Senior Living Corporation.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2021
Historical Period 2017-2021
Forecast Period 2022-2027
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Equipment
  • Services
  • Application
  • Region
Breakup by Equipment
  • Therapeutic Products
    • Dialysis Equipment
    • Wound Care Products
    • Home Intravenous Pumps
    • Nebulizers and Inhalers
    • Insulin Delivery Devices
    • Oxygen Delivery Systems
    • Sleep Apnea Therapeutic Devices
    • Others
  • Testing, Screening, and Monitoring Products
    • Blood Glucose Monitors
    • Hearing Aids
    • Blood Pressure Monitors
    • Ovulation and Pregnancy Test Kits
    • Pulse Oximeters
    • Coagulation Monitoring Products
    • Heart Rate Monitors
    • HIV Test Kits
    • Temperature Monitoring Devices
    • Fetal Monitoring Devices
    • Others
  • Mobility Care
    • Wheelchairs
    • Walking Assist Devices
    • Home Medical Furniture
    • Others
Breakup by Services
  • Skilled Home Healthcare
    • Physician Primary Care
    • Nursing Care
    • Physical/Occupational/Speech Therapy
    • Nutritional support
    • Others
  • Unskilled Home Healthcare
Breakup by Application
  • Cancer
  • Respiratory Diseases
  • Pregnancy
  • Wound Care
  • Diabetes
  • Cardiovascular Diseases and Hypertension
  • Others
Breakup by Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Sonida Senior Living Corporation 
  • LifePoint Health
  • National Healthcare Corporation
  • Addus Homecare
  • Genesis Healthcare, Inc.
  • Abbott Home Health Care, Inc.
  • Omron Corporation
  • Others

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Home Healthcare Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Home Healthcare Historical Market (2017-2021) 
    8.3    Global Home Healthcare Market Forecast (2022-2027)
    8.4    Global Home Healthcare Market by Equipment
        8.4.1    Therapeutic Products
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
            8.4.1.4    Breakup by Type
                8.4.1.4.1    Dialysis Equipment
                8.4.1.4.2    Wound Care Products
                8.4.1.4.3    Home Intravenous Pumps
                8.4.1.4.4    Nebulizers and Inhalers
                8.4.1.4.5    Insulin Delivery Devices
                8.4.1.4.6    Oxygen Delivery Systems
                8.4.1.4.7    Sleep Apnea Therapeutic Devices
                8.4.1.4.8    Others
        8.4.2    Testing, Screening, and Monitoring Products
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
            8.4.2.4    Breakup by Type
                8.4.2.4.1    Blood Glucose Monitors
                8.4.2.4.2    Hearing Aids
                8.4.2.4.3    Blood Pressure Monitors
                8.4.2.4.4    Ovulation and Pregnancy Test Kits
                8.4.2.4.5    Pulse Oximeters
                8.4.2.4.6    Coagulation Monitoring Products
                8.4.2.4.7    Heart Rate Monitors
                8.4.2.4.8    HIV Test Kits
                8.4.2.4.9    Temperature Monitoring Devices
                8.4.2.4.10    Fetal Monitoring Devices
                8.4.2.4.11    Others
        8.4.3    Mobility Care
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2017-2021)
            8.4.3.3    Forecast Trend (2022-2027)
            8.4.3.4    Breakup by Type
                8.4.3.4.1    Wheelchairs
                8.4.3.4.2    Walking Assist Devices
                8.4.3.4.3    Home Medical Furniture
                8.4.3.4.4    Others
    8.5    Global Home Healthcare Market by Services
        8.5.1    Skilled Home Healthcare
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2017-2021)
            8.5.1.3    Forecast Trend (2022-2027)
            8.5.1.4    Breakup By Service Type
                8.5.1.4.1    Physician Primary Care
                8.5.1.4.2    Nursing Care
                8.5.1.4.3    Physical/Occupational/Speech Therapy
                8.5.1.4.4    Nutritional support
                8.5.1.4.5    Others
        8.5.2    Unskilled Home Healthcare
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2017-2021)
            8.5.2.3    Forecast Trend (2022-2027)
    8.6    Global Home Healthcare Market by Application 
        8.6.1    Cancer
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2017-2021)
            8.6.1.3    Forecast Trend (2022-2027)
        8.6.2    Respiratory Diseases
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2017-2021)
            8.6.2.3    Forecast Trend (2022-2027)
        8.6.3    Pregnancy
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2017-2021)
            8.6.3.3    Forecast Trend (2022-2027)
        8.6.4    Wound Care
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2017-2021)
            8.6.4.3    Forecast Trend (2022-2027)
        8.6.5    Diabetes
            8.6.5.1    Market Share
            8.6.5.2    Historical Trend (2017-2021)
            8.6.5.3    Forecast Trend (2022-2027)
        8.6.6    Cardiovascular Diseases and Hypertension
            8.6.6.1    Market Share
            8.6.6.2    Historical Trend (2017-2021)
            8.6.6.3    Forecast Trend (2022-2027)
        8.6.7    Others
    8.7    Global Home Healthcare Market by Region
        8.7.1    North America
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2017-2021) 
            8.7.1.3    Forecast Trend (2022-2027)
        8.7.2    Europe
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2017-2021) 
            8.7.2.3    Forecast Trend (2022-2027)
        8.7.3    Asia Pacific
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2017-2021) 
            8.7.3.3    Forecast Trend (2022-2027)
        8.7.4    Latin America
            8.7.4.1    Market Share
            8.7.4.2    Historical Trend (2017-2021) 
            8.7.4.3    Forecast Trend (2022-2027)
        8.7.5    Middle East and Africa
            8.7.5.1    Market Share
            8.7.5.2    Historical Trend (2017-2021) 
            8.7.5.3    Forecast Trend (2022-2027)
9    North America Market Analysis
    9.1    United States of America 
        9.1.1    Market Share
        9.1.2    Historical Trend (2017-2021) 
        9.1.3    Forecast Trend (2022-2027)
    9.2    Canada
        9.2.1    Market Share
        9.2.2    Historical Trend (2017-2021) 
        9.2.3    Forecast Trend (2022-2027)
10    Europe Market Analysis
    10.1    United Kingdom
        10.1.1    Market Share
        10.1.2    Historical Trend (2017-2021) 
        10.1.3    Forecast Trend (2022-2027)
    10.2    Germany
        10.2.1    Market Share
        10.2.2    Historical Trend (2017-2021) 
        10.2.3    Forecast Trend (2022-2027)
    10.3    France
        10.3.1    Market Share
        10.3.2    Historical Trend (2017-2021) 
        10.3.3    Forecast Trend (2022-2027)
    10.4    Italy
        10.4.1    Market Share
        10.4.2    Historical Trend (2017-2021) 
        10.4.3    Forecast Trend (2022-2027)
    10.5    Others
11    Asia Pacific Market Analysis
    11.1    China
        11.1.1    Market Share
        11.1.2    Historical Trend (2017-2021) 
        11.1.3    Forecast Trend (2022-2027)
    11.2    Japan
        11.2.1    Market Share
        11.2.2    Historical Trend (2017-2021) 
        11.2.3    Forecast Trend (2022-2027)
    11.3    India
        11.3.1    Market Share
        11.3.2    Historical Trend (2017-2021) 
        11.3.3    Forecast Trend (2022-2027)
    11.4    ASEAN
        11.4.1    Market Share
        11.4.2    Historical Trend (2017-2021) 
        11.4.3    Forecast Trend (2022-2027)
    11.5    Australia
        11.5.1    Market Share
        11.5.2    Historical Trend (2017-2021) 
        11.5.3    Forecast Trend (2022-2027)
    11.6    Others
12    Latin America Market Analysis
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2017-2021) 
        12.1.3    Forecast Trend (2022-2027)
    12.2    Argentina
        12.2.1    Market Share
        12.2.2    Historical Trend (2017-2021) 
        12.2.3    Forecast Trend (2022-2027)
    12.3    Mexico
        12.3.1    Market Share
        12.3.2    Historical Trend (2017-2021) 
        12.3.3    Forecast Trend (2022-2027)
    12.4    Others
13    Middle East and Africa Market Analysis
    13.1    Saudi Arabia
        13.1.1    Market Share
        13.1.2    Historical Trend (2017-2021) 
        13.1.3    Forecast Trend (2022-2027)
    13.2    United Arab Emirates
        13.2.1    Market Share
        13.2.2    Historical Trend (2017-2021) 
        13.2.3    Forecast Trend (2022-2027)
    13.3    Nigeria
        13.3.1    Market Share
        13.3.2    Historical Trend (2017-2021) 
        13.3.3    Forecast Trend (2022-2027)
    13.4    South Africa
        13.4.1    Market Share
        13.4.2    Historical Trend (2017-2021) 
        13.4.3    Forecast Trend (2022-2027)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
15    Competitive Landscape
    15.1    Market Structure
    15.2    Company Profiles
        15.2.1    Sonida Senior Living Corporation 
            15.2.1.1    Company Overview
            15.2.1.2    Product Portfolio
            15.2.1.3    Demographic Reach and Achievements
            15.2.1.4    Certifications
        15.2.2    LifePoint Health 
            15.2.2.1    Company Overview
            15.2.2.2    Product Portfolio
            15.2.2.3    Demographic Reach and Achievements
            15.2.2.4    Certifications
        15.2.3    National Healthcare Corporation
            15.2.3.1    Company Overview
            15.2.3.2    Product Portfolio
            15.2.3.3    Demographic Reach and Achievements
            15.2.3.4    Certifications
        15.2.4    Addus Homecare
            15.2.4.1    Company Overview
            15.2.4.2    Product Portfolio
            15.2.4.3    Demographic Reach and Achievements
            15.2.4.4    Certifications
        15.2.5    Genesis Healthcare, Inc.
            15.2.5.1    Company Overview
            15.2.5.2    Product Portfolio
            15.2.5.3    Demographic Reach and Achievements
            15.2.5.4    Certifications
        15.2.6    Abbott Home Health Care, Inc.
            15.2.6.1    Company Overview
            15.2.6.2    Product Portfolio
            15.2.6.3    Demographic Reach and Achievements
            15.2.6.4    Certifications
        15.2.7    Omron Corporation
            15.2.7.1    Company Overview
            15.2.7.2    Product Portfolio
            15.2.7.3    Demographic Reach and Achievements
            15.2.7.4    Certifications
        15.2.8    Others
16    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global Home Healthcare Market: Key Industry Highlights, 2017 and 2021
2.    Global Home Healthcare Historical Market: Breakup by Equipment (USD Million), 2017-2021
3.    Global Home Healthcare Market Forecast: Breakup by Equipment (USD Million), 2022-2027
4.    Global Home Healthcare Historical Market: Breakup by Services (USD Million), 2017-2021
5.    Global Home Healthcare Market Forecast: Breakup by Services (USD Million), 2022-2027
6.    Global Home Healthcare Historical Market: Breakup by Region (USD Million), 2017-2021
7.    Global Home Healthcare Market Forecast: Breakup by Region (USD Million), 2022-2027
8.    North America Home Healthcare Historical Market: Breakup by Country (USD Million), 2017-2021
9.    North America Home Healthcare Market Forecast: Breakup by Country (USD Million), 2022-2027
10.    Europe Home Healthcare Historical Market: Breakup by Country (USD Million), 2017-2021
11.    Europe Home Healthcare Market Forecast: Breakup by Country (USD Million), 2022-2027
12.    Asia Pacific Home Healthcare Historical Market: Breakup by Country (USD Million), 2017-2021
13.    Asia Pacific Home Healthcare Market Forecast: Breakup by Country (USD Million), 2022-2027
14.    Latin America Home Healthcare Historical Market: Breakup by Country (USD Million), 2017-2021
15.    Latin America Home Healthcare Market Forecast: Breakup by Country (USD Million), 2022-2027
16.    Middle East and Africa Home Healthcare Historical Market: Breakup by Country (USD Million), 2017-2021
17.    Middle East and Africa Home Healthcare Market Forecast: Breakup by Country (USD Million), 2022-2027
18.    Global Home Healthcare Market Structure

Key Questions Answered in the Report

The global market size was valued at USD 293.04 billion in 2021.

The global home healthcare market is expected to grow at a CAGR of 8.50% between 2022 and 2027.

The major market drivers are rise in population, increase in income levels, growing awareness, increase in the population of elderly, rising disease prevalence, and medical service utilisation.

The key trends of the market are use of AI-powered technologies, growth of telemedicine, and preference to recover from long-term conditions at home.

The major regional markets are North America, Europe, the Asia Pacific, Latin America, and Middle East & Africa.

It varies based on the country, however, typically, home healthcare services are paid for through private spending or insurance.

Home healthcare provides support to vulnerable individuals so that they can be treated and recover from the comfort of their homes. Hospice care concentrates on taking care of the individual and in improving the quality of life of a person with a fatal illness who is nearing the end of life.

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