Home Healthcare Market 2024 - By Size, Competitive Landscape, Upcoming Trends And Outlook By 2033

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033

The Business Research Company presents an extensive market research report on the Home Healthcare Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.

Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.

Market Sizing:

The home healthcare market size has grown strongly in recent years. It will grow from $349.02 billion in 2023 to $383.52 billion in 2024 at a compound annual growth rate (CAGR) of 9.9%. The growth in the historic period can be attributed to aging population, rising chronic diseases, cost-effective alternatives, patient preference for homecare, government initiatives, skilled healthcare workforce.

The home healthcare market size is expected to see rapid growth in the next few years. It will grow to $571.64 billion in 2028 at a compound annual growth rate (CAGR) of 10.5%. The growth in the forecast period can be attributed to global health events, telehealth expansion, home hospitalization models, value-based care, personalized medicine. Major trends in the forecast period include advancements in technology, remote monitoring expansion, integration of IoT and wearable devices, focus on chronic disease management, expanding home health technology ecosystem, collaboration and partnerships in the healthcare ecosystem.

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Key Market Players:

Major companies operating in the home healthcare market report are Apple Inc., CVS Health Corporation, McKesson Corporation, MediCar Home Health Services Inc., Humana Inc., F. Hoffmann-La Roche AG, Fresenius SE & Co. KGaA, Medline Industries LP, Becton Dickinson and Company, Koninklijke Philips N.V., Baxter International Inc., B. Braun Melsungen AG, Kindred Healthcare Inc., Encompass Health Corporation, ResMed Inc., Brookdale Senior Living Inc., Maxim Healthcare Services Inc., Amedisys Inc., AccentCare Inc., OMRON Healthcare Inc. (Omron Corporation), LHC Group Inc., Enhabit Home Health & Hospice LLC, Addus HomeCare Corporation, Invacare Corporation, Zorgers, American Well Corporation, Honor Home Care Inc., Clementoni Spa, A&D Company Limited, Grand World Elder Care, Sunrise Senior Living LLC

Market Drivers:

The rapid increase in the aging population is significantly driving the growth of the home healthcare market going forward. The increase in the aging population will boost the demand for healthcare as the aged people are more prone to chronic diseases, which is a favorable factor to the home healthcare market, and increases the overall reach of various home health services. This will reduce the unnecessary visits time involved in traveling, hospital admission, and others. For instance, in 2020, according to the United Nations Organizations, a US-based intergovernmental organization, 727 million persons that were aged above 65 years, which will increase to 1.5 billion people by 2050. Therefore, the increase in the aging population is driving the growth of the home healthcare market.

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The home healthcare market covered in this report is segmented -

1) By Equipment: Therapeutic, Diagnostic, Mobility Care
2) By Services: Rehabilitation Services, Respiratory Therapy Services, Infusion Therapy Services, Other Services
3) By Indication: Cardiovascular Disorders & Hypertension, Diabetes, Respiratory Diseases, Pregnancy, Cancer, Wound Care, Other Indications

The report answers the following questions:

What are the primary factors propelling the market during the projected period?

In which region is the most substantial growth expected?

Which trend will take center stage in the upcoming period?

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