October 22, 2021

Home Healthcare Market Growth Insight, Size, Trends and Forecasts to 2027

The global home healthcare market value is expected to reach US$ 662.67 Billion by the end of 2027, decelerating at a CAGR of 14.2% from 2020 to 2027. The report contains 150+ pages with detailed analysis.

The study provides the overall revenue of the global home healthcare market from 2016 to 2027, considering 2020 as the base year and 2027 as the forecast year.

The global home healthcare market research report gives a brief summary of definitions, size analysis, and place of production, sales, applications, types, and major players/key vendors of the home healthcare industry. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post-COVID-19 marketplace. This research study also integrates Industry Chain analysis and Porter’s Five Forces Analysis. Further, this report offers a competitive scenario that comprises collaborations, market concentration rate and expansions, mergers & acquisitions undertaken by companies.

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.

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.

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Report Highlights

  • It is estimated that, more than 70% of the patient opting for healthcare services have age above 65 years
  • The most common illness requiring home healthcare products are diabetes, hypertension, heart failure, osteoarthritis and others.
  • United States is considered as one of the major consumers of home healthcare services which have roughly more than 12,000 home healthcare agencies.
  • Current use of artificial intelligence and cognitive system for the collection of the data and the treatment for the various home healthcare market is offering profitable prospects to the market
  • United States and Europe are major regions to use telemedicine service, whereas region like Asia Pacific, Latin America and Middle East and Africa still rely on traditional in-person visit

Top Players Contending in the Market:

The key companies are aiming towards advanced innovations and are predictable to dominate the target market. Foremost players inspiring in the global home healthcare market are as follows:

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 Component Type

  • Equipment
    • Therapeutic
      • Home respiratory equipment
      • Insulin delivery devices
      • Home IV pumps
      • Home dialysis equipment
      • Others
    • Diagnostic
      • Diabetic care unit
      • BP monitors
      • Multi para diagnostic monitors
      • Home pregnancy and fertility kits
      • Apnea and sleep monitors
      • Holter monitors
      • Heart rate meters
      • Others
    • Mobility assist
      • Wheelchair
      • Home medical furniture
      • Walking assist devices
    • Services
      • Skilled home healthcare
        • Physician/primary care
        • Nursing care
        • Physical, occupational, and/or speech therapy
        • Nutritional support
        • Hospice & palliative care
        • Other skilled home care services
      • Unskilled home healthcare

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)

Some of the key highlights covered in the report include:

Market Demand-Supply Analysis – The report covers detailed insights into demand and supply forces prevailing in the global home healthcare market. It examines trends and factors influencing demand for home healthcare globally and gauges the impact of the same on the production.

Pricing Analysis – The report presents an exclusive pricing analysis. It compares pricing strategies adopted by the leading market players and identifies the most remunerative strategies.

Market Segmentation – The report segments the global market in terms of diverse criteria. It identifies the leading segment within each category and identifies growth drivers and restraints affecting growth across each segment.

Regional Analysis – The report segments the market in terms of North America, Europe, Latin America, Asia Pacific, and Rest of the World in terms of region. It has chapters exclusively dedicated to analyzing growth trends across each region. It identifies growth drivers as well challenges affecting demand for home healthcare across the world.

Competitive Analysis – Some of the leading market players are profiled in the report on home healthcare. The report offers an estimation of share individually help by the market players and determines the impact of some of their popular strategies.

COVID-19 Impact Analysis – This chapter is exclusively dedicated to gauging how the market has evolved or will develop in the post-pandemic era.

Growth Recommendations – In the end, the report presents valuable recommendations to ready businesses for unforeseen challenges in the near future.

Why should you invest in this report?

If you are aiming to enter the global home healthcare market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for home healthcare are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2020-2027 so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

TABLE OF CONTENT

Chapter 1    Introduction

1.1    Research objective
1.2    Scope of the study

Chapter 2    Research Methodology

2.1    Research Approach
2.2    Market Research Process
2.2.1    Data procurement and data mining
2.2.2    Data analysis and standardization
2.2.3    Data Processing and Market Formulation:
2.2.4    Data Validation
2.3    Market Research Approach
2.4    Data Sources
2.4.1    Secondary Research
2.4.2    Primary Research
2.5    Assumptions & Limitations

Chapter 3    Executive Summary

3.1    Market snapshot

Chapter 4    Home Healthcare Market Variables and Scope

4.1    Introduction
4.2    Market classification and scope

Chapter 5    COVID-19 Impact on Home Healthcare Market

5.1    COVID-19: Home healthcare industry impact

Chapter 6    Home Healthcare Market Dynamics Analysis and Trends

6.1    Market dynamics
6.1.1    Market drivers
6.1.1.1    The rising aging population & nuclear homes drive the need for home healthcare
6.1.1.2    Increasing healthcare costs to drive the demand for affordable home health treatments
6.1.2    Market restraint
6.1.2.1    Obstacles to home healthcare services
6.1.2.1.1    Patient preference
6.1.2.1.2    Clinicians’ concerns
6.1.2.1.3    Supporting infrastructure
6.1.2.1.4    Patient safety
6.1.2.1.5    Regulatory environment
6.1.3    Market opportunities
6.1.3.1    Increasing awareness regarding home healthcare among patients in emerging countries
6.2    Value chain analysis

Chapter 7    Global Home Healthcare Market, By Type

7.1    Home healthcare market, by type, 2016-2027
7.1.1    Market estimation and forecast, by type, 2016-2027
7.2    Devices
7.3    Services

Chapter 8    Global Home Healthcare Market, By Device

8.1    Home healthcare market, by device, 2016-2027
8.1.1    Market estimation and forecast, by device, 2016-2027
8.2    Diagnostic & Monitoring Devices
8.3    Therapeutic Devices
8.4    Home Mobility Assist Devices

Chapter 9    Global Home Healthcare Market, By Service

9.1    Home healthcare market, by service, 2016-2027
9.1.1    Market estimation and forecast, by service, 2016-2027
9.2    Rehabilitation
9.3    Telehealth
9.4    Respiratory Therapy
9.5    Infusion Therapy
9.6    Unskilled Homecare

Chapter 10    Global Home Healthcare Market, By Region

10.1    Home healthcare market, by region, 2016-2027
10.1.1    Market estimation and forecast, by region, 2016-2027
10.2    North America
10.2.1    North America market estimation and forecast, by type, 2016-2027
10.2.2    North America market estimation and forecast, by device, 2016-2027
10.2.3    North America market estimation and forecast, by service, 2016-2027
10.2.4    US
10.2.4.1    US market estimation and forecast, by type, 2016-2027
10.2.4.2    US market estimation and forecast, by device, 2016-2027
10.2.4.3    US market estimation and forecast, by service, 2016-2027
10.2.5    Rest of North America
10.2.5.1    Rest of North America market estimation and forecast, by type, 2016-2027
10.2.5.2    Rest of North America market estimation and forecast, by device, 2016-2027
10.2.5.3    Rest of North America market estimation and forecast, by service, 2016-2027
10.3    Europe
10.3.1    Europe market estimation and forecast, by type, 2016-2027
10.3.2    Europe market estimation and forecast, by device, 2016-2027
10.3.3    Europe market estimation and forecast, by service, 2016-2027
10.3.4    Germany
10.3.4.1    Germany market estimation and forecast, by type, 2016-2027
10.3.4.2    Germany market estimation and forecast, by device, 2016-2027
10.3.4.3    Germany market estimation and forecast, by service, 2016-2027
10.3.5    UK
10.3.5.1    UK market estimation and forecast, by type, 2016-2027
10.3.5.2    UK market estimation and forecast, by device, 2016-2027
10.3.5.3    UK market estimation and forecast, by service, 2016-2027
10.3.6    France
10.3.6.1    France market estimation and forecast, by type, 2016-2027
10.3.6.2    France market estimation and forecast, by device, 2016-2027
10.3.6.3    France market estimation and forecast, by service, 2016-2027
10.3.7    Rest of Europe
10.3.7.1    Rest of Europe market estimation and forecast, by type, 2016-2027
10.3.7.2    Rest of Europe market estimation and forecast, by device, 2016-2027
10.3.7.3    Rest of Europe market estimation and forecast, by service, 2016-2027
10.4    Asia Pacific
10.4.1    Asia Pacific market estimation and forecast, by type, 2016-2027
10.4.2    Asia Pacific market estimation and forecast, by device, 2016-2027
10.4.3    Asia Pacific market estimation and forecast, by service, 2016-2027
10.4.4    China
10.4.4.1    China market estimation and forecast, by type, 2016-2027
10.4.4.2    China market estimation and forecast, by device, 2016-2027
10.4.4.3    China market estimation and forecast, by service, 2016-2027
10.4.5    Japan
10.4.5.1    Japan market estimation and forecast, by type, 2016-2027
10.4.5.2    Japan market estimation and forecast, by device, 2016-2027
10.4.5.3    Japan market estimation and forecast, by service, 2016-2027
10.4.6    South Korea
10.4.6.1    South Korea market estimation and forecast, by type, 2016-2027
10.4.6.2    South Korea market estimation and forecast, by device, 2016-2027
10.4.6.3    South Korea market estimation and forecast, by service, 2016-2027
10.4.7    India
10.4.7.1    India market estimation and forecast, by type, 2016-2027
10.4.7.2    India market estimation and forecast, by device, 2016-2027
10.4.7.3    India market estimation and forecast, by service, 2016-2027
10.4.8    Southeast Asia
10.4.8.1    Southeast Asia market estimation and forecast, by type, 2016-2027
10.4.8.2    Southeast Asia market estimation and forecast, by device, 2016-2027
10.4.8.3    Southeast Asia market estimation and forecast, by service, 2016-2027
10.4.9    Rest of Asia Pacific
10.4.9.1    Rest of Asia Pacific market estimation and forecast, by type, 2016-2027
10.4.9.2    Rest of Asia Pacific market estimation and forecast, by device, 2016-2027
10.4.9.3    Rest of Asia Pacific market estimation and forecast, by service, 2016-2027
10.5    Latin America
10.5.1    Latin America market estimation and forecast, by type, 2016-2027
10.5.2    Latin America market estimation and forecast, by device, 2016-2027
10.5.3    Latin America market estimation and forecast, by service, 2016-2027
10.5.4    Brazil
10.5.4.1    Brazil market estimation and forecast, by type, 2016-2027
10.5.4.2    Brazil market estimation and forecast, by device, 2016-2027
10.5.4.3    Brazil market estimation and forecast, by service, 2016-2027
10.5.5    Rest of Latin America
10.5.5.1    Rest of Latin America market estimation and forecast, by type, 2016-2027
10.5.5.2    Rest of Latin America market estimation and forecast, by device, 2016-2027
10.5.5.3    Rest of Latin America market estimation and forecast, by service, 2016-2027
10.6    Middle-East & Africa
10.6.1    Middle-East & Africa market estimation and forecast, by type, 2016-2027
10.6.2    Middle-East & Africa market estimation and forecast, by device, 2016-2027
10.6.3    Middle-East & Africa market estimation and forecast, by service, 2016-2027
10.6.4    GCC
10.6.4.1    GCC market estimation and forecast, by type, 2016-2027
10.6.4.2    GCC market estimation and forecast, by device, 2016-2027
10.6.4.3    GCC market estimation and forecast, by service, 2016-2027
10.6.5    North Africa
10.6.5.1    North Africa market estimation and forecast, by type, 2016-2027    108
10.6.5.2    North Africa market estimation and forecast, by device, 2016-2027
10.6.5.3    North Africa market estimation and forecast, by service, 2016-2027
10.6.6    South Africa
10.6.6.1    South Africa market estimation and forecast, by type, 2016-2027
10.6.6.2    South Africa market estimation and forecast, by device, 2016-2027
10.6.6.3    South Africa market estimation and forecast, by service, 2016-2027
10.6.7    Rest of Middle East & Africa
10.6.7.1    Rest of Middle East & Africa market estimation and forecast, by type, 2016-2027
10.6.7.2    Rest of Middle East & Africa market estimation and forecast, by device, 2016-2027
10.6.7.3    Rest of Middle East & Africa market estimation and forecast, by service, 2016-2027

Chapter 11    Competitive Landscape

11.1    Company market share/positioning analysis, 2020
11.2    Market players landscape
11.2.1    List of suppliers
11.2.1.1    Raw material suppliers
11.2.1.2    Medical device manufacturers
11.2.2    List of end-users

Chapter 12    Company Profile

12.1    McKesson Corporation
12.1.1    Company overview
12.1.2    Business outline
12.1.3    Financial performance
12.1.4    Product line
12.1.5    Recent developments
12.2    GE Healthcare
12.2.1    Company overview
12.2.2    Business outline
12.2.3    Financial performance
12.2.4    Product line
12.2.5    Recent developments
12.3    F. Hoffmann-La Roche
12.3.1    Company overview
12.3.2    Business outline
12.3.3    Financial performance
12.3.4    Product line
12.3.5    Recent developments
12.4    Linde plc
12.4.1    Company overview
12.4.2    Business outline
12.4.3    Financial performance
12.4.4    Product line
12.4.5    Recent developments
12.5    Fresenius Medical Care
12.5.1    Company overview
12.5.2    Business outline
12.5.3    Financial performance
12.5.4    Product line
12.5.5    Recent developments
12.6    A&D Company
12.6.1    Company overview
12.6.2    Business outline
12.6.3    Financial performance
12.6.4    Product line
12.7    OMRON Corporation
12.7.1    Company overview
12.7.2    Business outline
12.7.3    Financial performance
12.7.4    Product line
12.8    Amedisys Inc.
12.8.1    Company overview
12.8.2    Business outline
12.8.3    Financial performance
12.9    Product line
12.9.1    Recent developments
12.10    Kindred Healthcare
12.10.1    Company overview
12.10.2    Business outline
12.10.3    Product line
12.10.4    Recent developments
12.11    LHC Group
12.11.1    Company overview
12.11.2    Business outline
12.11.3    Financial performance
12.11.4    Product line
12.11.5    Recent developments
12.12    BAYADA Home Health Care
12.12.1    Company overview
12.12.2    Business outline
12.12.3    Product line
12.12.4    Recent developments
12.13    Koninklijke Philips N.V.
12.13.1    Company overview
12.13.2    Business outline
12.13.3    Financial performance
12.13.4    Product line
12.13.5    Recent developments

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Precedence Research

Precedence Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings.

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