Home Healthcare Market Size is Projected to Hit US$ 662.67 Billion by 2027

The home healthcare market size was USD 299.24 billion in 2021 and is expected to reach USD 662.67 billion by 2030. It is anticipated to grow with a healthy CAGR of 14.2% from 2021 to 2030.

In 2022, the home healthcare market study provides crucial information on market share, market size, growth rate analysis Y-O-Y, production, consumption, and sales analysis for the forecast period 2021 to 2030. The report contains 150+ pages with detailed analysis.

The term home healthcare represents a wide number of community-based solutions to assist individuals suffering from acute to chronic disorders such as blood pressure, respiratory disorders, kidney, hip fracture, cerebral palsy, heart disorders, and others. At present, the medical market is full of home healthcare devices. The products range from software to self-care products. The product is designed for both skilled and unskilled workers. Such products assist the patients and service providers for the betterment of the individuals. Some of the products are BP monitors, heart rate monitors, fertility kits, and various others. The service is specially designed for hospitals and home healthcare workers.

Growth Factors

Since past few years, home healthcare market is booming worldwide. The majority of the products are designed by looking at the growing concern of the chronic disorder market. The major factor which promotes the healthcare market is growing awareness regarding health parameters among the public. Furthermore, the rising percentage of geriatric citizens in countries of Europe and the Asia Pacific is the second most factors in promoting the growth of the market. Home healthcare involves daily keen attention needed in case of chronic disease management. However, unstable reimbursement policies of the firm and lack of availability of products across the world is considered as one of the restraining factors which hinder the growth of the market. Product launching and heavy investment in such a segment will bring huge growth opportunities within the forecast year. In addition, the wide population of Asia Pacific and the rising penetration of 5G in developed countries is also considered futuristic opportunities for the healthcare market.

Report Scope of the Home Healthcare Market

Regional Snapshots

Various regions across globe are experiencing a rapid rise in the patients with chronic disorders. North America seems to dominate the global home healthcare market. The United States is the major contributor for the revenue generation of the North America region. Europe always is known for the prosperous regions in the world, and soon the region will also know for its geriatric population. The rising geriatric population is not only in Europe but some countries of Asia Pacific like Japan, South Korea are offering lucrative growth prospects for the market. Few countries in Asia Pacific like India and China which together hold 34% of the total world population are also looking for a huge investment in-home healthcare market. The recent economic boom of this region coupled with rising per-capita healthcare expenditures is also a major factor for the growth of the region.

COVID-19 Impact:

The industrial report mentions the influence of the ongoing COVID-19 pandemic. The outbreak has caused disturbances in several industries and has hammered the logistics, resulting in delayed deliveries and cancellation of product demand. The home healthcare report proficiently explains the resulting factors and concerns of manufacturers. Researchers have also well-explained how the producers and providers will tackle the ongoing epidemic and the key strategies to be adopted post-pandemic for turning their businesses back to normal.

Key Players:

The home healthcare market is consolidated with a major number of manufacturers. The company profiling of key players in the market includes major business strategies, company overview and revenues. In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report. Primary research represents a bulk of research efforts, supplemented by extensive secondary research.

Some of the prominent players in the home healthcare market include:

Manufacturers: –

• McKesson Medical-Surgical Inc.
• Fresenius Medical Care
• Becton, Dickinson And Company
• Arkray, Inc.
• Medline Industries, Inc.
• 3M Healthcare
• Baxter International Inc.
• Medtronic PLC
• Braun Melsungen AG
• ConvaTec Group PLC
• Molnlycke Health Care
• Acelity L.P.
• Hollister Inc.
• Others

 Service Providers: –

• Sunrise Carlisle, LP
• Extendicare, Inc.
• Brookdale Senior Living, Inc.
• Home Health Services Ltd.
• Care UK Limited
• Kindred Healthcare, Inc.
• Genesis Healthcare Corp.
• Sompo Holdings, Inc.
• Home Instead Senior Care, Inc.
• Others

Market Segmentation

By Type

• Device
• Services

By Device

• Diagnostic & Monitoring Devices
• Therapeutic Devices
• Home Mobility Assist Devices

By Services

• Rehabilitation
• Telehealth
• Respiratory Therapy
• Infusion Therapy
• Unskilled Homecare

Regional Segmentation

• North America (U.S. and Canada)
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)
• Latin America (Brazil and Rest of Latin America)
• Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

Find More Press Releases at https://www.globenewswire.com/en/search/organization/Precedence%2520Research

TABLE OF CONTENT

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. COVID 19 Impact on Home Healthcare Market 

5.1. COVID-19 Landscape: Home Healthcare Industry Impact

5.2. COVID 19 – Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Home Healthcare Market, By Type

8.1. Home Healthcare Market, by Type, 2021-2027

8.1.1. Device

8.1.1.1. Market Revenue and Forecast (2017-2027)

8.1.2. Services

8.1.2.1. Market Revenue and Forecast (2017-2027)

Chapter 9. Global Home Healthcare Market, By Device

9.1. Home Healthcare Market, by Device, 2021-2027

9.1.1. Diagnostic & Monitoring Devices

9.1.1.1. Market Revenue and Forecast (2017-2027)

9.1.2. Therapeutic Devices

9.1.2.1. Market Revenue and Forecast (2017-2027)

9.1.3. Home Mobility Assist Devices

9.1.3.1. Market Revenue and Forecast (2017-2027)

Chapter 10. Global Home Healthcare Market, By Services 

10.1. Home Healthcare Market, by Services, 2021-2027

10.1.1. Rehabilitation

10.1.1.1. Market Revenue and Forecast (2017-2027)

10.1.2. Telehealth

10.1.2.1. Market Revenue and Forecast (2017-2027)

10.1.3. Respiratory Therapy

10.1.3.1. Market Revenue and Forecast (2017-2027)

10.1.4. Infusion Therapy

10.1.4.1. Market Revenue and Forecast (2017-2027)

10.1.5. Unskilled Homecare

10.1.5.1. Market Revenue and Forecast (2017-2027)

Chapter 11. Global Home Healthcare Market, Regional Estimates and Trend Forecast

11.1. North America

11.1.1. Market Revenue and Forecast, by Type (2017-2027)

11.1.2. Market Revenue and Forecast, by Device (2017-2027)

11.1.3. Market Revenue and Forecast, by Services (2017-2027)

11.1.4. U.S.

11.1.4.1. Market Revenue and Forecast, by Type (2017-2027)

11.1.4.2. Market Revenue and Forecast, by Device (2017-2027)

11.1.4.3. Market Revenue and Forecast, by Services (2017-2027)

11.1.5. Rest of North America

11.1.5.1. Market Revenue and Forecast, by Type (2017-2027)

11.1.5.2. Market Revenue and Forecast, by Device (2017-2027)

11.1.5.3. Market Revenue and Forecast, by Services (2017-2027)

11.2. Europe

11.2.1. Market Revenue and Forecast, by Type (2017-2027)

11.2.2. Market Revenue and Forecast, by Device (2017-2027)

11.2.3. Market Revenue and Forecast, by Services (2017-2027)

11.2.4. UK

11.2.4.1. Market Revenue and Forecast, by Type (2017-2027)

11.2.4.2. Market Revenue and Forecast, by Device (2017-2027)

11.2.4.3. Market Revenue and Forecast, by Services (2017-2027)

11.2.5. Germany

11.2.5.1. Market Revenue and Forecast, by Type (2017-2027)

11.2.5.2. Market Revenue and Forecast, by Device (2017-2027)

11.2.5.3. Market Revenue and Forecast, by Services (2017-2027)

11.2.6. France

11.2.6.1. Market Revenue and Forecast, by Type (2017-2027)

11.2.6.2. Market Revenue and Forecast, by Device (2017-2027)

11.2.6.3. Market Revenue and Forecast, by Services (2017-2027)

11.2.7. Rest of Europe

11.2.7.1. Market Revenue and Forecast, by Type (2017-2027)

11.2.7.2. Market Revenue and Forecast, by Device (2017-2027)

11.2.7.3. Market Revenue and Forecast, by Services (2017-2027)

11.3. APAC

11.3.1. Market Revenue and Forecast, by Type (2017-2027)

11.3.2. Market Revenue and Forecast, by Device (2017-2027)

11.3.3. Market Revenue and Forecast, by Services (2017-2027)

11.3.4. India

11.3.4.1. Market Revenue and Forecast, by Type (2017-2027)

11.3.4.2. Market Revenue and Forecast, by Device (2017-2027)

11.3.4.3. Market Revenue and Forecast, by Services (2017-2027)

11.3.5. China

11.3.5.1. Market Revenue and Forecast, by Type (2017-2027)

11.3.5.2. Market Revenue and Forecast, by Device (2017-2027)

11.3.5.3. Market Revenue and Forecast, by Services (2017-2027)

11.3.6. Japan

11.3.6.1. Market Revenue and Forecast, by Type (2017-2027)

11.3.6.2. Market Revenue and Forecast, by Device (2017-2027)

11.3.6.3. Market Revenue and Forecast, by Services (2017-2027)

11.3.7. Rest of APAC

11.3.7.1. Market Revenue and Forecast, by Type (2017-2027)

11.3.7.2. Market Revenue and Forecast, by Device (2017-2027)

11.3.7.3. Market Revenue and Forecast, by Services (2017-2027)

11.4. MEA

11.4.1. Market Revenue and Forecast, by Type (2017-2027)

11.4.2. Market Revenue and Forecast, by Device (2017-2027)

11.4.3. Market Revenue and Forecast, by Services (2017-2027)

11.4.4. GCC

11.4.4.1. Market Revenue and Forecast, by Type (2017-2027)

11.4.4.2. Market Revenue and Forecast, by Device (2017-2027)

11.4.4.3. Market Revenue and Forecast, by Services (2017-2027)

11.4.5. North Africa

11.4.5.1. Market Revenue and Forecast, by Type (2017-2027)

11.4.5.2. Market Revenue and Forecast, by Device (2017-2027)

11.4.5.3. Market Revenue and Forecast, by Services (2017-2027)

11.4.6. South Africa

11.4.6.1. Market Revenue and Forecast, by Type (2017-2027)

11.4.6.2. Market Revenue and Forecast, by Device (2017-2027)

11.4.6.3. Market Revenue and Forecast, by Services (2017-2027)

11.4.7. Rest of MEA

11.4.7.1. Market Revenue and Forecast, by Type (2017-2027)

11.4.7.2. Market Revenue and Forecast, by Device (2017-2027)

11.4.7.3. Market Revenue and Forecast, by Services (2017-2027)

11.5. Latin America

11.5.1. Market Revenue and Forecast, by Type (2017-2027)

11.5.2. Market Revenue and Forecast, by Device (2017-2027)

11.5.3. Market Revenue and Forecast, by Services (2017-2027)

11.5.4. Brazil

11.5.4.1. Market Revenue and Forecast, by Type (2017-2027)

11.5.4.2. Market Revenue and Forecast, by Device (2017-2027)

11.5.4.3. Market Revenue and Forecast, by Services (2017-2027)

11.5.5. Rest of LATAM

11.5.5.1. Market Revenue and Forecast, by Type (2017-2027)

11.5.5.2. Market Revenue and Forecast, by Device (2017-2027)

11.5.5.3. Market Revenue and Forecast, by Services (2017-2027)

Chapter 12. Company Profiles

12.1. McKesson Medical-Surgical Inc.

12.1.1. Company Overview

12.1.2. Product Offerings

12.1.3. Financial Performance

12.1.4. Recent Initiatives

12.2. Fresenius Medical Care

12.2.1. Company Overview

12.2.2. Product Offerings

12.2.3. Financial Performance

12.2.4. Recent Initiatives

12.3. Becton, Dickinson And Company

12.3.1. Company Overview

12.3.2. Product Offerings

12.3.3. Financial Performance

12.3.4. Recent Initiatives

12.4. Arkray, Inc.

12.4.1. Company Overview

12.4.2. Product Offerings

12.4.3. Financial Performance

12.4.4. Recent Initiatives

12.5. Medline Industries, Inc.

12.5.1. Company Overview

12.5.2. Product Offerings

12.5.3. Financial Performance

12.5.4. Recent Initiatives

12.6. 3M Healthcare

12.6.1. Company Overview

12.6.2. Product Offerings

12.6.3. Financial Performance

12.6.4. Recent Initiatives

12.7. Baxter International Inc.

12.7.1. Company Overview

12.7.2. Product Offerings

12.7.3. Financial Performance

12.7.4. Recent Initiatives

12.8. Medtronic PLC

12.8.1. Company Overview

12.8.2. Product Offerings

12.8.3. Financial Performance

12.8.4. Recent Initiatives

12.9. Braun Melsungen AG

12.9.1. Company Overview

12.9.2. Product Offerings

12.9.3. Financial Performance

12.9.4. Recent Initiatives

12.10. ConvaTec Group PLC

12.10.1. Company Overview

12.10.2. Product Offerings

12.10.3. Financial Performance

12.10.4. Recent Initiatives

12.11. Molnlycke Health Care

12.11.1. Company Overview

12.11.2. Product Offerings

12.11.3. Financial Performance

12.11.4. Recent Initiatives

12.12. Acelity L.P.

12.12.1. Company Overview

12.12.2. Product Offerings

12.12.3. Financial Performance

12.12.4. Recent Initiatives

12.13. Hollister Inc.

12.13.1. Company Overview

12.13.2. Product Offerings

12.13.3. Financial Performance

12.13.4. Recent Initiatives

Chapter 13. Research Methodology

13.1. Primary Research

13.2. Secondary Research

13.3. Assumptions

Chapter 14. Appendix

14.1. About Us

14.2. Glossary of Terms

Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.

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