Home Healthcare Market to Expand at a CAGR of 11.8 % from 2021 to 2030
The global Home Healthcare market size is expected to reach USD 705.1 billion by 2030 and is expected to expand at a CAGR of 11.8% from 2021 to 2030.
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Growth Factors
This growth can be attributed to cost-efficiency, improved patient outcomes, and convenience offered by home healthcare agencies. In addition, the rising geriatric population and the growing prevalence of chronic diseases, such as Alzheimer’s, dementia, and orthopedic conditions, are expected to drive market growth. The growing geriatric population and rising incidence of target diseases, such as dementia and Alzheimer’s, as well as orthopedic diseases are factors expected to fuel the market growth. Increasing treatment cost is one of the prime concerns for governments and health organizations, and hence they are striving to curb healthcare costs.
Report Coverage
Report Scope | Details |
Market Size | USD 705.1 billion by 2030 |
Growth Rate | CAGR of 11.8% From 2021 to 2030 |
Base Year | 2020 |
Historic Data | 2017 to 2020 |
Forecast Period | 2021 to 2030 |
Segments Covered | Component |
Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
Companies Mentioned | McKesson Medical-Surgical, Inc.; Fresenius Medical Care; Medline Industries, Inc.; Medtronic PLC; 3M Healthcare; Baxter International, Inc.; B. Braun Melsungen AG; Arkray, Inc.; F. Hoffmann-La Roche AG; Becton, Dickinson And Company; Acelity L.P.; Hollister, Inc.; ConvaTec Group PLC; Molnlycke Health Care; Brookdale Senior Living, Inc.; Home Health Services Ltd.; Sunrise Carlisle, LP; Extendicare, Inc.; Care U.K. Limited; Senior Care Centers of America; Genesis Healthcare Corp.; Sompo Holdings, Inc.; Kindred Healthcare, Inc.; and Home Instead Senior Care, Inc. |
Report Highlights
The services segment led the market with a revenue share of over 94% in 2020. The equipment segment, on the other hand, is estimated to register the fastest CAGR from 201 to 2028. The market by services is segmented into skilled home care and unskilled home care. The home healthcare equipment market is segmented into three major categories; diagnostic, therapeutic, and mobility assist. The therapeutic segment led the market in 2020 and will expand further at a steady CAGR over the forecast period.
Diagnostics accounted for approximately 39% of the overall home healthcare equipment market in 2020. It is expected to gain a lucrative share over the forecast period. North America accounted for the highest revenue share of 52.92% in 2020. The presence of a large geriatric population in this region, sophisticated healthcare infrastructure, and relatively higher disposable income levels are some of the key factors driving the growth.
Asia Pacific is estimated to be the fastest-growing regional market. Factors, such as underdeveloped healthcare infrastructure, expensive in-hospital healthcare facilities, and chronic diseases that require long-term care, are resulting in increasing adoption of home healthcare products and services.
Key Players
- Manufacturers
- McKesson Medical-Surgical, Inc.
- Fresenius Medical Care
- Medline Industries, Inc.
- Medtronic PLC
- 3M Healthcare
- Baxter International, Inc.
- B. Braun Melsungen AG
- Arkray, Inc.
- F. Hoffmann-La Roche AG
- Becton, Dickinson And Company
- Acelity L.P.
- Hollister, Inc.
- ConvaTec Group PLC
- Molnlycke Health Care
- Service Providers
- Brookdale Senior Living, Inc.
- Home Health Services Ltd.
- Sunrise Carlisle, LP
- Extendicare, Inc.
- Care U.K. Limited
- Senior Care Centers of America
- Genesis Healthcare Corp.
- Sompo Holdings, Inc.
- Kindred Healthcare, Inc.
- Home Instead Senior Care, Inc.
Market Segmentation
- Component
- Equipment
- Therapeutic
- Home Respiratory Therapy Equipment
- Insulin Delivery Devices
- Home IV Pumps
- Home Dialysis Equipment
- Others
- Diagnostic
- Diabetic Care Unit
- BP Monitors
- Multi Para Diagnostic Monitors
- Home Pregnancy & Fertility Kits
- Apnea & Sleep Monitors
- Holter Monitors
- Heart Rate Monitors
- Others
- Mobility Assist
- Wheelchair
- Home Medical Furniture
- Walking Assist Devices
- Therapeutic
- Services
- Skilled Home Healthcare Services
- Physician Primary Care
- Nursing Care
- Physical/Occupational/Speech Therapy
- Nutritional Support
- Hospice & Palliative Care
- Others
- Unskilled Home Healthcare Services
- Skilled Home Healthcare Services
- Equipment
- Regional
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Italy
- Spain
- Russia
- Asia Pacific
- The Netherlands
- China
- Japan
- India
- Australia
- Singapore
- Malaysia
- Thailand
- Philippines
- South Korea
- Latin America
- Brazil
- Mexico
- Argentina
- Middle East & Africa (MEA)
- South Africa
- Saudi Arabia
- Oman
- UAE
- Egypt
- North America
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Reasons to Purchase this Report:
– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
Table of Contents
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Home Healthcare Market, By Component
7.1. Home Healthcare Market, by Component, 2020-2030
7.1.1. Equipment
7.1.1.1. Market Revenue and Forecast (2017-2030)
7.1.2. Services
7.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 8. Global Home Healthcare Market, Regional Estimates and Trend Forecast
8.1. North America
8.1.1. Market Revenue and Forecast, by Component (2017-2030)
8.1.2. U.S.
8.1.3. Rest of North America
8.1.3.1. Market Revenue and Forecast, by Component (2017-2030)
8.2. Europe
8.2.1. Market Revenue and Forecast, by Component (2017-2030)
8.2.2. UK
8.2.2.1. Market Revenue and Forecast, by Component (2017-2030)
8.2.3. France
8.2.3.1. Market Revenue and Forecast, by Component (2017-2030)
8.2.4. Rest of Europe
8.2.4.1. Market Revenue and Forecast, by Component (2017-2030)
8.3. APAC
8.3.1. Market Revenue and Forecast, by Component (2017-2030)
8.3.2. India
8.3.2.1. Market Revenue and Forecast, by Component (2017-2030)
8.3.3. China
8.3.3.1. Market Revenue and Forecast, by Component (2017-2030)
8.3.4. Japan
8.3.4.1. Market Revenue and Forecast, by Component (2017-2030)
8.3.5. Rest of APAC
8.3.5.1. Market Revenue and Forecast, by Component (2017-2030)
8.4. MEA
8.4.1. Market Revenue and Forecast, by Component (2017-2030)
8.4.2. GCC
8.4.2.1. Market Revenue and Forecast, by Component (2017-2030)
8.4.3. North Africa
8.4.3.1. Market Revenue and Forecast, by Component (2017-2030)
8.4.4. South Africa
8.4.4.1. Market Revenue and Forecast, by Component (2017-2030)
8.4.5. Rest of MEA
8.4.5.1. Market Revenue and Forecast, by Component (2017-2030)
8.5. Latin America
8.5.1. Market Revenue and Forecast, by Component (2017-2030)
8.5.2. Brazil
8.5.2.1. Market Revenue and Forecast, by Component (2017-2030)
8.5.3. Rest of LATAM
8.5.3.1. Market Revenue and Forecast, by Component (2017-2030)
Chapter 9. Company Profiles
9.1. McKesson Medical-Surgical, Inc.
9.1.1. Company Overview
9.1.2. Product Offerings
9.1.3. Financial Performance
9.1.4. Recent Initiatives
9.2. Fresenius Medical Care
9.2.1. Company Overview
9.2.2. Product Offerings
9.2.3. Financial Performance
9.2.4. Recent Initiatives
9.3. Medline Industries, Inc.
9.3.1. Company Overview
9.3.2. Product Offerings
9.3.3. Financial Performance
9.3.4. Recent Initiatives
9.4. Medtronic PLC
9.4.1. Company Overview
9.4.2. Product Offerings
9.4.3. Financial Performance
9.4.4. Recent Initiatives
9.5. 3M Healthcare
9.5.1. Company Overview
9.5.2. Product Offerings
9.5.3. Financial Performance
9.5.4. Recent Initiatives
9.6. Baxter International, Inc.
9.6.1. Company Overview
9.6.2. Product Offerings
9.6.3. Financial Performance
9.6.4. Recent Initiatives
9.7. B. Braun Melsungen AG
9.7.1. Company Overview
9.7.2. Product Offerings
9.7.3. Financial Performance
9.7.4. Recent Initiatives
9.8. Arkray, Inc.
9.8.1. Company Overview
9.8.2. Product Offerings
9.8.3. Financial Performance
9.8.4. Recent Initiatives
9.9. F. Hoffmann-La Roche AG
9.9.1. Company Overview
9.9.2. Product Offerings
9.9.3. Financial Performance
9.9.4. Recent Initiatives
9.10. Becton, Dickinson And Company
9.10.1. Company Overview
9.10.2. Product Offerings
9.10.3. Financial Performance
9.10.4. Recent Initiatives
9.11. Acelity L.P.
9.11.1. Company Overview
9.11.2. Product Offerings
9.11.3. Financial Performance
9.11.4. Recent Initiatives
9.12. Hollister, Inc.
9.12.1. Company Overview
9.12.2. Product Offerings
9.12.3. Financial Performance
9.12.4. Recent Initiatives
9.13. ConvaTec Group PLC
9.13.1. Company Overview
9.13.2. Product Offerings
9.13.3. Financial Performance
9.13.4. Recent Initiatives
9.14. Molnlycke Health Care
9.14.1. Company Overview
9.14.2. Product Offerings
9.14.3. Financial Performance
9.14.4. Recent Initiatives
Chapter 10. Research Methodology
10.1. Primary Research
10.2. Secondary Research
10.3. Assumptions
Chapter 11. Appendix
11.1. About Us
11.2. Glossary of Terms
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