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

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.