Press release
Prominent Home Care Services Market Trend for 2025: Home Care Services Companies Innovate With Advanced Hygiene Solutions To Meet Evolving Client Needs
Home Care Services
Expected growth in the home care services market is predicted to be driven by a significant increase in the aging population. This term refers to the growing segment of older individuals in a population, which results from longer lifespans and a decrease in birth rates. Primary contributors to the growth of the aging population include advancements in healthcare leading to increased life expectancy and lower birth rates. Home care services provide the elderly with the opportunity to maintain their quality of life, keep connections with their communities and minimize the necessity for formalized care facilities, thus enabling them to age in their own homes. Such care services are customized to accommodate each senior's unique needs and lifestyle, ensuring the provision of individualized care concentrated on their health conditions and way of life. For example, predictions by the United Nations (UN), an intergovernmental organization originating from the US, suggest that the population of people aged 65 and above is expected to more than double from 761 million in 2021 to 1.6 billion by 2050. Therefore, this surge in the aging population is projected to drive growth in the home care services market.
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What growth opportunities are expected to drive the home care services market's CAGR through 2034?
The market size for home care services has seen a robust expansion in the past few years. There is a projected rise from $20.6 billion in 2024 to $22.49 billion in 2025, with a compound annual growth rate (CAGR) of 9.2%. The uptick experienced during the historic period is largely due to the growing population of older adults, increasing favor for home-based care, rise in chronic health conditions, a surge in awareness and acceptance of these services, as well as heightened urbanization.
In the coming years, the market size for home care services is projected to experience significant expansion. The expected growth will take the value to $31.86 billion by 2029, displaying a compound annual growth rate (CAGR) of 9.1%. Factors contributing to this projected growth in the forecast period include the increasing aging population, the surging demand for telehealth services, growth in disposable income, heightened need for cleanliness and hygiene, as well as escalating construction activities. The forecast period will also witness major trends such as the incorporation of technology, advancement of smart home healthcare solutions, product evolutions, digital solution investments, and developments in cleaning services.
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What are the emerging trends shaping the future of the home care services market?
Leading firms in the home care services market are concentrating on introducing unique services like In-home hygiene services to improve their clients' overall wellness and lifestyle quality. The term In-home hygiene services pertains to personal care and cleaning assistance delivered inside a person's home to uphold tidiness and foster overall health. Such services prove to be highly advantageous for individuals who require aid due to aging, disability, sickness, or post-operative recovery. For instance, in April 2024, Major Maids House Cleaning Company, an enterprise based in the US known for offering home care services, unveiled their innovative hygiene solutions in Tampa. This action signifies the company's dedication to deliver excellent, secure, and potent cleaning solutions, particularly given the rising consciousness around hygiene and sanitation. The variety of services offered include general house cleaning, deep cleaning, cleaning services for moving in/out, and home organization.
Which growth-oriented segments of the home care services market are leading the industry's development?
The home care servicesmarket covered in this report is segmented -
1) By Service: Maid Services, Carpet And Upholstery, Other Home Care Services
2) By Duration: Daily, Weekly, Monthly, Quarterly, Annually
3) By Application: Residential, Commercial
Subsegments:
1) By Maid Services: Regular Cleaning, Deep Cleaning, Specialized Cleaning, Senior And Assisted Living Support
2) By Carpet And Upholstery: Carpet Cleaning, Upholstery Cleaning, Stain Removal, Steam Cleaning
3) By Other Home Care Services: Pest Control, Lawn Care And Gardening, Window Cleaning, Home Maintenance and Repair, Pool Cleaning And Maintenance
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What regions are leading the charge in the home care services market?
Asia-Pacific was the largest region in the home care services market in 2024. The regions covered in the home care services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What companies are at the forefront of innovation in the home care services market?
Major companies operating in the home care services market are Hospital Corporation of America (HCA) Healthcare Inc., Right at Home Inc., Brookdale Senior Living Inc., Brightstar Group Holdings Inc., Interim HealthCare Inc., LHC Group Inc., AccentCare Inc., Bayada Home Health Care, Comfort Keepers, ComForCare, Senior Helpers, Amada Senior Care, FirstLight Home Care, Always Best Care Senior Services, Amedisys Inc., Synergy HomeCare Franchising LLC., Griswold Home Care, Family Resource Home Care (FRHC), Maxim Healthcare Services Inc., TheKey, Honor Technology Inc, Visiting Angels Living Assistance Limited
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What Is Covered In The Home Care Services Global Market Report?
•Market Size Forecast: Examine the home care services market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the home care services market for a structured understanding.
•Key Players Overview: Analyze major players in the home care services market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the home care services market.
•Segment Contributions: Evaluate how different segments drive overall growth in the home care services market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the home care services market.
•Industry Challenges: Identify potential risks and obstacles affecting the home care services market.
•Competitive Landscape: Review strategic developments in the home care services market, including expansions, agreements, and new product launches.
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