Global Home Healthcare Market

Home Healthcare Market Size, Share, Growth Analysis, By Product (Therapeutic Products (Dialysis Equipment, Wound Care Products, IV Equipment, Sleep Apnea Therapeutic Devices)), By Service (Skilled Nursing Services, Rehabilitation Therapy Services, Hospice & Palliative Care Services, Unskilled Care Services), By Indication (Cancer, Respiratory Diseases, Movement Disorders, Pregnancy), By Region - Industry Forecast 2024-2031

Report ID: SQMIG35D2002 | Region: Global | Published Date: August, 2024
Pages: 157 | Tables: 128 | Figures: 77

Home Healthcare Market Competitive Landscape

The market is characterized by a few well-established firms and also several small and medium-sized businesses. Many home health agencies and providers have experienced a drop in business. However, this downturn in the home healthcare market is only expected to last a short time, since the industry is expected to rise faster in the future as more patients recover from COVID-19. 

Companies can promote home healthcare as a clinically safer alternative to traditional inpatient services, such as ICU care and dialysis/chemotherapy, which require more clinical supervision.

Home Healthcare Industry Top Players Company Profiles

  • Fresenius SE & Co. KGaA (Germany)  
  • Amedisys Inc. (US)  
  • Bayada Home Health Care (US)  
  • CareCentrix (US)  
  • Gentiva Health Services Inc. (US)  
  • Home Healthcare Solutions Co. (Georgia)  
  • National HealthCare Corporation (US)  
  • Omron Healthcare Inc. (Japan)  
  • Philips Healthcare (Netherlands)  
  • Roche Holding AG (Switzerland)  
  • Sunrise Medical Inc. (Germany)  
  • Abbott Laboratories Inc. (US)  
  • B. Braun Melsungen AG (Germany)  
  • Drive Medical Design & Manufacturing (US)  
  • Medline Industries Inc. (US)  
  • Teleflex Inc. (US) 
  • Welch Allyn Inc. (US)

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Global Home Healthcare Market Size was valued at USD 335.56 Billion in 2022 and is poised to grow from USD 362.1 Billion in 2023 to USD 666.9 Billion by 2031, growing at a CAGR of 7.96% in the forecast period (2024-2031).

The market is characterized by a few well-established firms and also several small and medium-sized businesses. Many home health agencies and providers have experienced a drop in business. However, this downturn in the home healthcare market is only expected to last a short time, since the industry is expected to rise faster in the future as more patients recover from COVID-19.  'Fresenius SE & Co. KGaA (Germany)  ', 'Amedisys Inc. (US)  ', 'Bayada Home Health Care (US)  ', 'CareCentrix (US)  ', 'Gentiva Health Services Inc. (US)  ', 'Home Healthcare Solutions Co. (Georgia)  ', 'National HealthCare Corporation (US)  ', 'Omron Healthcare Inc. (Japan)  ', 'Philips Healthcare (Netherlands)  ', 'Roche Holding AG (Switzerland)  ', 'Sunrise Medical Inc. (Germany)  ', 'Abbott Laboratories Inc. (US)  ', 'B. Braun Melsungen AG (Germany)  ', 'Drive Medical Design & Manufacturing (US)  ', 'Medline Industries Inc. (US)  ', 'Teleflex Inc. (US) ', 'Welch Allyn Inc. (US)'

COVID-19 caused acute respiratory distress syndrome (ARDS) in severe cases, resulting in significant lung damage. Due to the pandemic and lockdown, there is seen a rising awareness for non-emergent home healthcare services which is a safer and more cost-effective alternative to hospital services. Patients with chronic diseases such as cancer, chronic obstructive pulmonary disease (COPD), arthritis, and diabetes may not want to go to the hospital.

Technology will play an important 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 the consumer experience novel. With the help of big data, it is possible to recognize 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 used for remote monitoring of health. 

North America is the largest region in the home healthcare market with a share of more than 41%. In North America, the U.S. held the largest market share. The high disposable incomes, advanced healthcare infrastructure, and the large geriatric population are driving the home healthcare market share in this region. Furthermore, the rising government initiatives supports research and development helps in providing cost effective home health care services, driving the market.

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Global Home Healthcare Market

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