Press release
2025-2034 Home Care Services Market Roadmap: Insights for Competitive Advantage
Home Care Services Market
How Large Will the Home Care Services Market Size By 2025?
Over the past few years, there has been a robust expansion in the market size of home care services. It's projected to rise from $20.6 billion in 2024 to $22.49 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 9.2%. Factors such as a surge in the elderly population, an upward trend in preference for receiving care at ease, the rise in chronic conditions, growing awareness and acceptance, and increased urbanization have contributed to this growth during the historical period.
How Big Is the Home Care Services Market Size Expected to Grow by 2029?
The market size for home care services is anticipated to demonstrate significant growth in the forthcoming years, increasing to $31.86 billion in 2029 with a compound annual growth rate (CAGR) of 9.1%. The expected growth during this forecast period can be credited to factors such as an increasing aging population, the expanding demand for telehealth services, growing disposable incomes, an increased emphasis on cleanliness and hygiene, and the upsurge in construction activities. Key trends projected for this period encompass advances in technology, smart home healthcare solutions, product advancements, digital solution investments, and novelty in cleaning services.
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Which Key Market Drivers Powering Home Care Services Market Expansion and Growth?
The growth of the home care services market is anticipated to surge due to the ever-growing aging population. This refers to the augmenting ratio of elderly individuals within a population, which comes as a result of improved life expectancy and falling birth rates. This aging population is predominantly due to longer lifespan and decreasing birth rates. Home care services play a crucial role in assuring a better quality of life for the elderly, keeping them involved with their communities, and limiting the necessity for institutional care, thereby promoting aging in situ. Such services are modified to suit the unique needs and desires of each senior, guaranteeing the care is personalized and aligned with their individual health conditions and lifestyle. As predicted by the United Nations (UN), an intergovernmental organization based in the US, the number of individuals aged 65 years and above is slated to double by 2023, rising from 761 million in 2021 to about 1.6 billion by 2050. Consequently, the enlarging aging population will function as a prime driver for the home care services market.
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Which Fast-Growing Trends Are Poised to Disrupt the Home Care Services Market?
Leading companies involved in the home care services market are concentrating on providing inventive services such as In-home hygiene services to uplift their clients' overall health and life quality. Services like home cleanliness and personal care tasks provided within a person's home contribute to maintaining a clean environment and promoting wellness. These services offer significant advantages to those in need of assistance due to their age, infirmity, illness, or post-surgery recovery. For example, in April 2024, Major Maids House Cleaning Company, operating in the US home care services market, initiated innovative hygiene services in Tampa. This move exemplifies the company's devotion to deliver excellent, safe, and efficient cleaning solutions, especially in the current climate of heightened hygiene and sanitation consciousness. Their comprehensive services entail general house cleaning, deep cleaning, move-in/move-out cleaning, and home organization.
What Are the Emerging Segments in 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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Who Are the Global Leaders 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
Which are the Top Profitable Regional Markets for the Home Care Services Industry?
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.
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