USD 176.61 billion
Europe Home Healthcare Market Size, Share, Growth Analysis, By Product type(therapeutic, diagnostic, and mobility assist), By Indication type(diabetes, pregnancy, wound care, cancer), By Region - Industry Forecast 2024-2031
Report ID:
SQMIR35D2243 |
Region:
Regional |
Published Date: February, 2024
Pages:
241
|Tables:
67
|Figures:
75
Europe Home Healthcare Market Insights
Europe Home Healthcare Market size was valued at USD 104.89 billion in 2022 and is poised to grow from USD 112.87 billion in 2023 to USD 202.80 billion by 2031, growing at a CAGR of 7.6% in the forecast period (2024-2031).
The escalating desire for home healthcare settings among patients and healthcare professionals, as well as the growing attention to telehealth, are credited with driving the market expansion in Europe. Insufficient insurance coverage and worries about patient safety are, however, to some extent impeding market expansion. The term home health care refers to a broad range of medical services offered for treating ailments at home. The government's increasing encouragement of the introduction of products needed for the construction of home care settings is one of the main drivers of the growth of the home healthcare industry in Europe.
Hospital-at-home initiatives have received support from nations like the UK and Germany because they give hospitals the freedom to give patients hospital-quality care at home. The industry for home care settings has also grown as a result of several product launches, alliances, and developments by key market players. As a result, these market players' strategies are probably going to accelerate market growth in the upcoming years. In order to enhance outcomes at lower costs, health systems in European nations are embracing telehealth as a way to expand care at homes. This is probably going to drive the development of more transportable and reasonably priced home healthcare equipment.
Europe Home Healthcare Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
therapeutic
Fastest Growth
therapeutic
Growth Rate
8.6% CAGR
Europe Home Healthcare Market ($ Bn)
States Share for Germany Country (%)
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Europe Home Healthcare Market Segmental Analysis
The Europe Home Health care market is segmented into product type, indication type, and region. By product type , Europe Home Healthcare Market is divided into the therapeutic, diagnostic, and mobility assist. On the basis of indication, diabetes, pregnancy, wound care, cancer, respiratory diseases, mobility impairments, and other indications. By region, the Europe Home Healthcare Market is segmented into North America, Latin America, Europe, Asia Pacific, and MEA.
Europe Home Healthcare Market Analysis by Type
The therapeutic, diagnostic, and mobility assist product categories are divided into the Europe home healthcare market. In 2022, the therapeutic segment held the highest market share. However, it is predicted that during the forecast period, the diagnostic category will see the highest CAGR.
Europe Home Healthcare Market Analysis by Indication
The Europe home healthcare market is divided into indications for diabetes, pregnancy, wound care, cancer, respiratory diseases, mobility impairments, and other indications. In 2022, the cancer segment had the biggest market share. However, it is projected that throughout the projection period, the market's category for mobility disorders would see the highest CAGR.
Europe Home Healthcare Market By Product
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Europe Home Healthcare Market Regional Insights
In 2022, Germany will lead the European market for home healthcare. A significant portion of the population in this area is elderly, and there is also a well developed healthcare system and relatively greater levels of disposable income. Several factors are anticipated to propel the market throughout the projected period, including the expanding geriatric population in major economies like Germany, the U.K., France, and Italy as well as the presence of significant unexplored potential in Eastern Europe.
The demand for home medical care may also increase due to changes in Europe's social and demographic makeup. Universal long-term care insurance is available in some European nations. Additionally, the tax-based system in England is emphasising the provision of services for patient rehabilitation and reablement. Over the course of the projection period, these elements are anticipated to produce profitable market growth in Europe.
Europe Home Healthcare Market By Geography
- Largest
- Fastest
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Europe Home Healthcare Market Dynamics
Europe Home Healthcare Market Drivers
Demand for Distant Healthcare to Bolster Market Growth
- Newer technology has greatly boosted the current flow of communication between patients and healthcare professionals, enabling better, quicker, and more efficient care. The successful fusion of medical devices and information and communication technology (ICT), for instance, as well as the provision of healthcare over long distances, are what eventually fuel market expansion in remote patient monitoring.
- Rise in demand for Home Healthcare this is because non-skilled workers, caregivers, services, doctors, and different home healthcare equipment are more convenient in homecare settings, and because healthcare costs at local hospitals are rising.
Europe Home Healthcare Market Restraints
Limitations applied in the Home Healthcare to Hinder Market Growth
- Common restraints were used, including belts, bed rails, geriatric chairs, and other restraints. According to reports, nurses restricted patients' freedom of movement by blocking access to stairs, rearranging areas of the home, putting medication away, shutting off the gas, and locking the front door.
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Europe Home Healthcare Market Competitive Landscape
Due to the existence of numerous foreign and local companies, the European home care industry is highly fragmented. Additionally, it is predicted that the consolidation efforts made by global corporations will intensify rivalry among emerging and regional market competitors.
Europe Home Healthcare Market Top Player's Company Profiles
- Fresenius SE & Co. KGaA
- Philips Healthcare
- Medline Industries, Inc.
- B. Braun Melsungen AG
- Air Liquide S.A.
- Becton, Dickinson and Company
- Convatec Group Plc
- Hill-Rom Holdings, Inc.
- Linde AG
- Abbott Laboratories
- Roche Holding AG
- Siemens Healthineers AG
- Cardinal Health, Inc.
- Medtronic plc
- Johnson & Johnson
- Baxter International Inc.
- General Electric Company
- 3M Company
- Smith & Nephew plc
- Danaher Corporation
Europe Home Healthcare Market Recent Developments
- Jan 2022, OMRON Healthcare Introduces Remote Patient Monitoring Services Globally, Expands Digital Health Services to Aid Consumers on Every Step of Their Heart Health Journey
Europe Home Healthcare Key Market Trends
- The home healthcare market in Europe has expanded tremendously. A major factor in the market's growth has been the rising cost of healthcare, which has shifted the focus of treatment from hospitals to homes. The business is expanding even more quickly as a result of government attempts to improve home healthcare.
- The efficiency and effectiveness of home care for lifestyle diseases has been improved by portable devices such blood glucose monitoring, breathing assistance systems, and heart rate monitors. Value-based healthcare is a significant market-influencing force. The central government offers either full or partial coverage for in-home services in the majority of industrialised and developing nations.
Europe Home Healthcare Market SkyQuest Analysis
SkyQuest’s ABIRAWA (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our Europe home healthcare market analysis, The sector includes a wide range of medical treatments for illnesses. Injuries are treated and the patient's general health is improved with the help of home healthcare. These services are more practical and more reasonably priced, and they are beneficial for patients with chronic illnesses, the elderly, nutrition treatment, and serious illnesses. The need for home-based treatment is rising quickly as COVID-19 continues to wreak havoc on healthcare facilities. The COVID-19 pandemic has had a conflicting effect on the European home healthcare industry. Some of the most popular home healthcare monitoring devices include blood glucose monitors, blood pressure monitors, pulse oximeters, and temperature monitors.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 104.89 billion |
| Market size value in 2031 | USD 202.80 billion |
| Growth Rate | 7.6% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Europe Home Healthcare Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Europe Home Healthcare Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Europe Home Healthcare Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Europe Home Healthcare Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Europe Home Healthcare Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Europe Home Healthcare Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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