PRESS RELEASE

Published August 2, 2023

The Home Healthcare Market size is estimated to grow from USD 274.76 Billion in 2022 to reach USD 507.8 Billion by 2030, growing at a CAGR of 8.0% during the forecast period from 2023 to 2030.

Major players in Home Healthcare Market include B. Braun Melsungen AG, Abbott, Sunrise Medical, 3M Healthcare, Baxter International Inc., Medtronic PLC, Cardinal Health Inc, F. Hoffmann-La Roche AG, Air Liquide, Amedisys, Inc., NxStage Medical, Inc. (Fresenius Medical Care), Arkray, Inc., Becton, Dickinson and Company, Omron Healthcare, Inc., Drive DeVilbiss Healthcare, GE Healthcare, Medline Industries, Inc, Koninklijke Philips N.V, Johnson & Johnson Services, Inc., and Linde Healthcare.

Growing geriatric population
The global population is undergoing a major demographic shift, with a greater number of people aged 65 and older than ever before. The growing elderly population brings its own set of healthcare concerns since seniors frequently have various chronic diseases, mobility limits, and age-related issues. As a result, individuals require frequent medical treatment, aid with daily activities, and monitoring of their overall well-being. 

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  • Prevalence of chronic diseases like diabetes, heart disease, and respiratory illnesses
  • In-home healthcare, the incidence of chronic diseases such as diabetes, heart disease, and respiratory ailments is a significant and growing concern. Chronic diseases are long-term health disorders that necessitate continuing treatment and care, and they can have an impact on a patient’s quality of life and everyday activities. Home healthcare has become an important component in meeting the requirements of people living with chronic illnesses, providing specialized and tailored care to help them manage their illnesses efficiently in the comfort of their own homes.

Regional Insight
The growth of home healthcare in North America has been significant due to reasons like the aging population, technological improvements, cost-effectiveness, and an emphasis on patient-centered care.  The aging population in North America has been a major motivator for the growth of home healthcare services. With a big number of baby boomers hitting retirement age, the region is seeing a demographic transition. Seniors’ healthcare demands get more complex as they age, including ongoing medical treatment as well as aid with daily tasks. Home healthcare meets these requirements by providing expert nursing care, rehabilitation therapies, and support services that are tailored to the individual’s health status and preferences.

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The report further studies the market strategies of key players, recent development status, plans, and Home Healthcare Market trends across the world. Also, it splits the market segmentation further to deep dive into research and reveals company profile and prospects.

Major Classifications are as follows:

  • By Equipment’s
    • Therapeutic
      • Home Dialysis Equipment
      • Home IV Pumps
      • Insulin Delivery Devices
      • Home Respiratory Therapy Equipment
      • Others
    • Diagnostic
      • Diabetic Care Unit
      • Heart Rate Monitors
      • Apnea and Sleep Monitors
      • BP Monitors
      • Multi Para Diagnostic Monitors
      • Holter Monitors
      • Home Pregnancy and Fertility Kits
      • Others
    • Mobility Care
      • Walking Assist Devices
      • Home Medical Furniture
      • Wheelchair
  • By Services
    • Skilled Home Healthcare Services
      • Physician primary care
      • Nursing care
      • Physical/occupational/speech therapy
      • Nutritional support
      • Hospice & palliative care
      • Others
    • Unskilled Home Healthcare Services
  • By Indications
    • Cardiovascular Disorder & Hypertension
    • Diabetes & Kidney Disorders
    • Neurological & Mental Disorders
    • Respiratory Disease & COPD
    • Maternal Disorders
    • Mobility Disorders
    • Cancer
    • Wound Care
    • Others

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Reason to purchase this Home Healthcare Market Report:

  • Determine prospective investment areas based on a detailed trend analysis of the global Home Healthcare Market over the next years.
  • Gain an in-depth understanding of the underlying factors driving demand for different Home Healthcare Market segments in the top spending countries across the world and identify the opportunities each offers.
  • Strengthen your understanding of the market in terms of demand drivers, industry trends, and the latest technological developments, among others.
  • Identify the major channels that are driving the global Home Healthcare Market, providing a clear picture of future opportunities that can be tapped, resulting in revenue expansion.
  • Channelize resources by focusing on the ongoing programs that are being undertaken by the different countries within the global Home Healthcare Market.

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