Home Healthcare Boom Driven By Aging Demographics: Strengthening the Growth Trajectory of the Home Healthcare Market

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Home Healthcare Market Size Growth Forecast: What to Expect by 2025?
The size of the home healthcare market has significantly increased in recent years. The market, which was worth $385.96 billion in 2024, is projected to expand to $422.62 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 9.5%. Factors such as an increasingly aging population, the prevalence of chronic illnesses, cost-effective options, patient's inclination towards homecare, government policies, and an efficient healthcare workforce have all contributed to the growth experienced during the historic period.

How Will the Home Healthcare Market Size Evolve and Grow by 2029?
The market size for home healthcare is projected to experience a swift expansion in the subsequent years, growing to a substantial $646.13 billion by 2029 at a compound annual growth rate (CAGR) of 11.2%. Causes of this predicted growth during the forecast period may be credited to worldwide health events, the surge in telehealth, home hospitalization models, value-driven healthcare, and bespoke treatment approaches. Crucial projected trends within this timeframe consist of technological advancements, the widening scope for remote monitoring, the utilisation of the Internet of Things and wearable tech, a focus on managing chronic diseases, an expanding home health tech ecosystem, and collaborations and business partnerships within the healthcare sphere.

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What Drivers Are Propelling the Growth of Home Healthcare Market Forward?
The swift augmentation in the number of older individuals significantly propels the expansion of the home healthcare industry. The rising elderly population enhances the need for healthcare services as they are more susceptible to chronic illnesses, making it a convenient factor for the home healthcare market and extending the general availability of various home health amenities. This will curtail unnecessary time consumption due to travel, hospital stays, and other related aspects. As an illustration, in January 2023, the United Nations, a US-based international organization, revealed that 761 million individuals globally were 65 years or older in 2021, with projections expecting this figure to surge to 1.6 billion by 2050. Consequently, the marked increase in the aged population is an influential element bolstering the development of the home healthcare market.

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Which Emerging Trends Are Transforming the Home Healthcare Market in 2025?
Prominent firms in the home healthcare services market are introducing innovative products such as remote care systems to enhance their market profitability. A remote care system in home healthcare signifies a platform that utilizes technology to enable healthcare providers to provide medical services, monitor patients, and interact with them remotely. For example, the HomeSight System was launched by CommScope Holding Company Inc., an American network infrastructure company in October 2022. This connected care platform employs a television to offer real-time remote care services such as monitoring patients, video consultations, and social engagement. The aim of the user-friendly system, featuring easy-to-install connected devices, is to improve remote care, counteract isolation, and encourage independent living. This system is ideally suited for primary healthcare, residential care, and various other settings.

What Are the Key Segments in the Home Healthcare Market?
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 And Hypertension, Diabetes, Respiratory Diseases, Pregnancy, Cancer, Wound Care, Other Indications

Subsegments:
1) By Therapeutic: Oxygen Therapy Equipment (Concentrators, Tanks), Infusion Pumps, Nebulizers, CPAP Machines, Home Dialysis Machines
2) By Diagnostic: Blood Glucose Monitors, Blood Pressure Monitors, Thermometers, Pulse Oximeters, Home Cholesterol Test Kits
3) By Mobility Care: Wheelchairs (Manual And Electric), Walkers And Rollators, Crutches, Mobility Scooters, Lift Chairs

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Who Are the Key Players Shaping the Home Healthcare Market's Competitive Landscape?
Major companies operating in the home healthcare market include CVS Health Corporation, McKesson Corporation, MediCar Home Health Services Inc., Humana Inc., Fresenius SE & Co. KGaA, Medline Industries LP, Becton dic*kinson 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.,A&D Company Limited, Grand World Elder Care, Sunrise Senior Living LLC

What Geographic Markets Are Powering Growth in the Home Healthcare Market?
North America was the largest region in the home healthcare market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the home healthcare market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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