Press release
Strong Growth Ahead: Home Care Services Market Size To Grow At Arecord 9.1% Cagr By 2029
Home Care Services Market
How Big Is the Home Care Services Market Size Expected to Be by 2034?
The home care services market size will grow from $20.6 billion in 2024 to $22.49 billion in 2025 at a CAGR of 9.2%. Growth is driven by the increasing elderly population, a growing preference for home care, the rising prevalence of chronic conditions, heightened awareness, and increasing urbanization.
The home care services market size is forecast to grow to $31.86 billion in 2029 at a CAGR of 9.1%. Growth is driven by the aging population, rising telehealth demand, increased disposable incomes, and construction activity. Trends include technology integration, smart home healthcare, digital solutions investment, and innovations in cleaning services.
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What Are the Emerging Segments Within the Home Care Services Market?
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 Long-Term Drivers Are Shaping Home Care Services Market Trends?
The growing aging population is encouraging the expansion of the home care services market. This demographic shift stems from increased life expectancy and declining birth rates. Home care services provide elderly individuals with personalized support, helping them live independently and reducing reliance on institutions. For instance, in 2023, the United Nations projected that the population aged 65 and above will more than double, growing from 761 million in 2021 to 1.6 billion by 2050. Hence, the rise in the aging population is driving the home care services market.
Who Are the Top Competitors in Key Home Care Services Market Segments?
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
What Home Care Services Market Trends Are Gaining Traction Across Different Segments?
Leading companies in the home care services market are offering innovative in-home hygiene services to enhance well-being and life quality. These services provide personal care and cleaning support, especially for individuals requiring assistance due to age, disability, or illness. For example, in April 2024, Major Maids House Cleaning Company, based in the US, launched new hygiene services in Tampa, including general house cleaning, deep cleaning, move-in/move-out cleaning, and home organization, emphasizing hygiene and sanitation.
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Which Regions Are Becoming Hubs for Home Care Services Market Innovation?
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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Home Care Services Market?
2. What is the CAGR expected in the Home Care Services Market?
3. What Are the Key Innovations Transforming the Home Care Services Industry?
4. Which Region Is Leading the Home Care Services Market?
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