Press release
Global Home Care Service Market Size Set to Reach USD 1,193.1 Bn by 2032
Image: https://www.abnewswire.com/upload/2025/03/e322d9a544d30b5b878d9c8390ad6f4d.jpg
Global Home Care Service Market Key Takeaways
O By service type, the home health care services segment is set to account for a market share of 35.1% in 2025.
O Based on product type, medical equipment segment will likely account for 45.1% share of the home care services industry by 2025.
O By patient type, the elderly patient segment is expected to hold a market share of 53.1% in 2025.
O North America will retain its market dominance, accounting for a prominent share of 35.3% in 2025, driven by rising demand for in-home care assistance and advancements in home care technology and remote patient monitoring.
O As per Coherent Market Insights, Asia Pacific is set to witness fastest growth during the forecast period. It will likely account for a market share of 25.4% in 2024, owing to rising elderly population and growing demand for senior care services.
Request for a sample of this research report @https://www.coherentmarketinsights.com/insight/request-sample/7699
Increasing Geriatric Population Fueling Market Growth The global population is aging rapidly, leading to a rising number of individuals requiring long-term care. This is acting as a catalyst triggering demand for home care services, especially in nations like Japan, China, and the United States.
According to the World Health Organization (WHO), the number of persons aged 80 or older is set to triple, reaching 426 million by 2025. Courtesy of this, the demand for elderly home care services is expected to surge, as more elderly individuals seek personalized and comfortable healthcare solutions within their own homes.
Limited Insurance Coverage for Home Care Services Limiting Market Growth
One of the primary challenges in the global home care service market is the limited insurance coverage for home care. In many nations, including India and China, government and private insurance plans do not cover home care services. This lack of coverage discourages people from opting for services like home nursing care and personal care services.
Opportunities for Growth
Expansion of telehealth services is a big opportunity for the global home care service market. Technologies like wireless patient monitoring devices and video conferencing through smartphones are making home health care services more efficient, patient-centric, and scalable.
Emerging Home Care Service Market Trends
O Advancement in home care technology and remote patient monitoring is a rapidly growing trend with substantial market potential. News technologies, including telemedicine and AI-powered care solutions, are making home care more effective and accessible.
O Another key trend in the home care service market is the rising demand for personalized care. Today, patients and their families prefer customized home care solutions tailored to individual needs. To meet this demand, companies are introducing new personalized home care plans for seniors with dementia and other conditions.
O Leading home care service providers are also offering subscription-based care models. This will make home care services more accessible, leading to industry's growth.
Analyst's View
"There is a growing incidence of chronic diseases like diabetes, dementia, and cardiovascular diseases. These conditions often require long-term care, which encourages adoption of home care services, said a senior analyst at CMI. "Growing awareness about the benefits of home health care for chronic illnesses will further boost sales growth. Home care providers are gradually expanding into mental health support and holistic wellness programs. They are introducing affordable home care services to attract more customers"
Competitor Insights
Key companies in this market include:
- Amedisys Inc.
- LHC Group Inc.
- Brookdale Senior Living Inc.
- Kindred Healthcare LLC
- Visiting Angels
- Comfort Keepers
- BrightStar Care
- Home Instead Senior Care
- Encompass Health Corporation
- Genesis HealthCare
- Interim HealthCare
- VITAS Healthcare
- Maxim Healthcare Services
- Right at Home
- Addus HomeCare Corporation
Key Developments
In June 2024, Addus HomeCare announced a definite agreement to acquire the personal care operations of Gentiva. This acquisition will help the company to expand its personal care offerings across different states in the U.S.
In April 2022, Amedisys Inc. completed acquisition of home health assets from AssistedCare Home Health, Inc. and RH Homecare Services, LLC. This acquisition will help the company to offer both home health and hospice services across North Carolina.
Transform your Strategy with Exclusive Trending Reports:
U.S. Home Healthcare Market [https://www.coherentmarketinsights.com/market-insight/us-home-healthcare-market-5675]
Long Term Care Market [https://www.coherentmarketinsights.com/market-insight/long-term-care-market-5801]
India Geriatric Care Services Market [https://www.coherentmarketinsights.com/market-insight/india-geriatric-care-services-market-4990]
About Us:
Coherent Market Insights leads into data and analytics, audience measurement, consumer behaviors, and market trend analysis. From shorter dispatch to in-depth insights, CMI has exceled in offering research, analytics, and consumer-focused shifts for nearly a decade. With cutting-edge syndicated tools and custom-made research services, we empower businesses to move in the direction of growth. We are multifunctional in our work scope and have 450+ seasoned consultants, analysts, and researchers across 26+ industries spread out in 32+ countries.
Contact Us:
Mr. Raj Shah Senior Client Partner - Business Development Coherent Market Insights
Phone:
US: + 12524771362
UK: +442039578553
AUS: +61-2-4786-0457
India: +91-848-285-0837
Email: sales@coherentmarketinsights.com
Website: https://www.coherentmarketinsights.com/
Media Contact
Company Name: Coherent Market Insights
Contact Person: : Mr. Raj Shah
Email:Send Email [https://www.abnewswire.com/email_contact_us.php?pr=global-home-care-service-market-size-set-to-reach-usd-11931-bn-by-2032]
Country: United States
Website: https://www.coherentmarketinsights.com/
Legal Disclaimer: Information contained on this page is provided by an independent third-party content provider. ABNewswire makes no warranties or responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you are affiliated with this article or have any complaints or copyright issues related to this article and would like it to be removed, please contact retract@swscontact.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Home Care Service Market Size Set to Reach USD 1,193.1 Bn by 2032 here
News-ID: 3922560 • Views: …
More Releases from ABNewswire
VIP Auto PA: Auto Brokers Near Me Redefine Transparent Car Leasing in Feastervil …
VIP Auto PA continues serving Pennsylvania with transparent, factory-direct car leasing services from its Feasterville-Trevose location, offering zero-down options and no-haggle pricing across all vehicle makes and models.
Feasterville-Trevose, PA - The traditional car-buying experience has long frustrated consumers with high-pressure sales tactics and inflated pricing structures. VIP Auto PA [http://www.vipautopa.com/] continues addressing these industry pain points through a customer-centric brokerage model that has served Pennsylvania drivers since 2007. Operating from…
Austin Nail Salon Dream Spa Expands Service Menu with Apres Gel-X and Holistic W …
Dream Spa in Austin expands with Apres Gel-X nails, infrared sauna, and head spa treatments, offering comprehensive beauty and wellness services at its Airport Boulevard location near downtown Austin.
Dream Spa [https://www.dreamspaatx.com/], located at 5301 Airport Blvd, Suite 200 in Austin, Texas, has announced the expansion of its service offerings to include authentic Apres Gel-X nail extensions, infrared sauna therapy, and signature head spa treatments. The locally established business continues to…
Terrance Private Investigator Expands Houston Private Investigator Services with …
Terrance Private Investigator launches a Houston community program offering consultation, family case support, and professional investigation services to residents facing sensitive personal matters.
A Houston-based investigative firm is taking action to support families facing difficult personal situations. Terrance Private Investigator & Associates [https://piterrance.com/] has announced a new community initiative designed to provide accessible resources and confidential case consultations for residents throughout the Houston area.
The program addresses growing concerns among families facing…
El Monte Agency Strengthens Home Insurance Options and Community Protection Serv …
Marvin Martinez: Allstate Insurance strengthens El Monte's insurance options with bilingual services, comprehensive coverage, and community-focused customer education, earning Elite Agent recognition through consistent service excellence.
El Monte, California - The local insurance landscape continues to evolve as Marvin Martinez, of Allstate Insurance [https://agents.allstate.com/marvin-martinez-el-monte-ca.html?utm_source=GMB&utm_medium=Website], reinforces the company's commitment to protecting families and businesses throughout the San Gabriel Valley. The agency's focus on personalized coverage solutions has positioned it as a trusted…
More Releases for Care
Scalable Care Senior Care Marketing Experts
Quality marketing is crucial in the world of senior care, and that's where Scalable Care comes in. As an agency who have team members from within longterm care and assisted living marketing departments, they've been able to standout as an agency with experience and credible backgrounds. How? Using data-led tactics, they have boosted their clients' online visibility and grown engagement with their target audience.
They proudly say their style of marketing…
Care Right There Home Care Continues Prioritizing New Jersey Elderly Care
Care Right There Home Care, a top NJ senior care provider, offers personalized, compassionate care to enrich the lives of the elderly. With a focus on individual needs and meaningful relationships, they provide daily assistance and complex healthcare services to improve seniors' quality of life across New Jersey. Google it at https://carerightthere.com for more information.
New Jersey - Care Right There Home Care, a distinguished provider of senior care services, is…
Transforming Home Care with Care and Beyond Home Care
Montgomery Village, MD - Care and Beyond Home Care is revolutionizing the landscape of home healthcare services, setting a new standard of excellence that goes above and beyond the ordinary. With a steadfast commitment to providing professional and compassionate care, Care and Beyond Home Care has emerged as a beacon of support for families across Montgomery County, Prince Georges County, Howard County, and Frederick County.
In an era where personalized attention…
Ayurvedic Market by Product (Healthcare, Personal Care, Skin Care, Hair Care, Or …
According to a new report published by Allied Market Research, titled, "Ayurvedic Market: Global Opportunity Analysis and Industry Forecast, 2022-2029" Ayurveda is a system of medicine that has its origination roots in the Indian subcontinent. It uses natural healing practices to cure clinical conditions such as sinusitis, cough, depression, and insomnia. Ayurveda therapies have been integrated in general wellness and in some cases in medical use worldwide. In addition, ayurvedic…
Home Care Market Exceptional Business Performance | Polishes, Surface Care, Toil …
Report Ocean released a report that presents a detailed analysis of the Global Home Care Market, along with insights into key factors which drive the market.
The report is a comprehensive and systematic analysis of the market, providing key statistics on market developments, analyst opinions, competitive landscapes, and regional analysis, among other factors. This report presents a comprehensive and expert analysis of key business trends and market forecasts for Global Home…
Baby Care and Mother Care Market - Taking Care of a Newborn
Baby care and mother care products are meant for infants and mostly children under the age of four. These products are specifically formulated to be non-irritating and have mild use ingredients which are selected to make the products organic and natural. A number of key players now manufacture personal care products for mother and child that are designed specifically for use during pregnancy.
Obtain Report Details @ https://www.transparencymarketresearch.com/baby-care-and-mother-care-market.html
The global baby care…
