Global Home Health Market

Home Health Market Size, Share, Growth Analysis, By Service Type (Skilled Nursing Services, Rehabilitation Therapy Services), By Device Type (Therapeutic Devices, Diagnostic Devices), By Indication, By End-Use, By Region - Industry Forecast 2025-2032

Report ID: SQMIG35D2007 | Region: Global | Published Date: February, 2024
Pages: 155 | Tables: 64 | Figures: 75

Home Health Market News

The market is characterized by the presence of a few well-established players. New product launches, partnerships and investing in research & development have been a key business strategy. Some of their recent developments are as follows:

  • In 2020, Lincare, a subsidiary of Linde, offers home respiratory care in the US. In response to the COVID-19 pandemic, the company offers in-home services to COVID-19 vulnerable patients. It is also helping to ease the burden on hospitals by transferring respiratory patients and others from in-patient to in-home care.
  • In 2019, Fresenius Medical Care (Germany) acquired NxStage Medical, Inc. (US). This acquisition strengthens the company’s business in the US. It enables Fresenius Medical Care to leverage it's manufacturing, supply chain, and marketing competencies across the dialysis products, services, and care coordination businesses, especially in-home dialysis and critical care.
  • In June 2021, AlayaCare raised $225 Million to Accelerate the Digital Transformation of Home Health Care. AlayaCare will use the funding to continue global expansion, hire additional staff and further invest in innovation capabilities.
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Global Home Health Market size was valued at USD 362.1 billion in 2022 and is poised to grow from USD 390.71 billion in 2023 to USD 717.83 billion by 2031, growing at a CAGR of 7.9% during the forecast period (2024-2031).

Home Health market Top Player's Company Profiles 'Brookdale Senior Living Inc. (USA) ', 'Home Health Services Ltd. (UK) ', 'Sunrise Carlisle, LP (USA) ', 'Extendicare Inc. (Canada) ', 'Amedisys Inc. (USA) ', 'LHC Group, Inc. (USA) ', 'BAYADA Home Health Care (USA) ', 'Encompass Health Corporation (USA) ', 'Kindred Healthcare, LLC (USA) ', 'Genesis Healthcare, Inc. (USA) ', 'AccentCare, Inc. (USA) ', 'Visiting Nurse Service of New York (USA) ', 'Interim HealthCare Inc. (USA) ', 'VITAS Healthcare (USA) ', 'Addus HomeCare Corporation (USA) ', 'Elara Caring (USA) ', 'Maxim Healthcare Services (USA) ', 'Comfort Keepers (USA) '

The sub markets such as various services and products market relating to the home healthcare market are anaylsed apart from this the smart home healthcare market is also identified and studied. The smart home healthcare market is growing significantly mainly because of IOT and use of digitalization. Application of IoT in healthcare with integrated e-health and assisted living technology can play a crucial role in revolutionizing healthcare system for elderly thereby, accelerating smart home healthcare market growth. Based on services The diabetes segment is expected to grow at the highest CAGR.

Technology will play an important role in the home health market. The rising use of digital devices to monitor health at home is one of the emerging trends. Home healthcare providers are now using big data, AI and automation to make consumer experience novel. With the help of big data it is possible to recognise patterns among the patients which will help in better treatment and diagnosis. Data analytics have been used to manage the flu epidemic and identify the strains to include in the flu vaccine. Software solutions and platforms are now being used for remote monitoring of health.

North America dominated the home healthcare market with a share of around 42% in 2019. In North America, the U.S. held the largest market share in 2019. Germany held the largest market share in Europe in 2019 followed by France. This is mainly due to increasing expenditure towards in-home healthcare in the country and growing demand for the skilled nursing workforce for in-house care. Asia Pacific is expected to register positive growth in the near future.

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Global Home Health Market

Report ID: SQMIG35D2007

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