The global home healthcare market is projected to reach USD 274.73 billion by 2025 from USD 181.92 billion in 2020, at a CAGR of 8.6% during the forecast period.
The market growth is mainly driven by factors such as the rapid growth in the elderly population and the rising incidence of chronic diseases, growing need for cost-effective healthcare delivery due to the increasing healthcare costs, and technological advancements in-home care devices. On the other hand, changing reimbursement policies, limited insurance coverage, and concerns regarding patient safety are factors limiting the growth of the market to a certain extent. The growing popularity of telehealth and untapped developing regions present significant growth opportunities for players in the home healthcare market.
The cancer segment is expected to dominate the market during the forecast period.
Based on indication, the global home healthcare market is segmented into cancer, respiratory diseases, mobility disorders, cardiovascular diseases & hypertension, pregnancy, wound care, diabetes, hearing disorders, and other indications. The cancer segment accounted for the largest share of the home healthcare market in 2019. The large share of this segment can primarily be attributed to the high prevalence of cancer cases across the globe and the transforming healthcare system, which allows the management of cancer at home.
Testing, screening & monitoring segment will witness the highest growth in the home healthcare products market.
Based on products, the home healthcare market is segmented into testing, screening, and monitoring products; therapeutic products; and mobility care products. The testing, screening, and monitoring products are expected to witness the highest CAGR during the forecast period. The high growth of this segment can primarily be attributed to factors such as the rising emphasis on preventive medicine and an increasing number of patients with chronic diseases. The potential to reduce healthcare complications and ensure the portability of devices with high accuracy is also expected to create a significant demand for monitoring and testing devices in the coming year.
North America will dominate the market during the forecast period.
Geographically, the home healthcare market is segmented into North America, Europe, the Asia Pacific, and the Rest of the World. In 2019, North America accounted for the largest share of the home healthcare market. The large share of this region in the global market is attributed to the rising prevalence of chronic conditions, high healthcare expenditure, high disposable income, the increasing overall geriatric population, high disposable income, and the presence of superior healthcare infrastructure.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights 4.1 Home Healthcare Market Overview 4.2 Asia-Pacific: Home Healthcare Market, by Mobility Care Product and Country (2019) 4.3 Home Healthcare Market, by Service, 2019 4.4 Home Healthcare Market: Geographic Snapshot 5 Market Overview 5.1 Introduction 5.2 Market Dynamics 5.2.1 Market Drivers 188.8.131.52 Rising Aging Population, High Incidence of Chronic Diseases, and Need to Expand Healthcare Access 184.108.40.206 Technological Advancements 220.127.116.11 Increasing Healthcare Costs and the Growing Need for Affordable Treatment Options 5.2.2 Restraints 18.104.22.168 Changing Reimbursement Policies 22.214.171.124 Limited Insurance Coverage 126.96.36.199 Patient Safety Concerns 5.2.3 Opportunities 188.8.131.52 Rising Focus on Telehealth 184.108.40.206 Untapped Developing Regions 5.2.4 Challenges 220.127.116.11 Shortage of Home Care Workers 5.2.5 COVID-19 Impact 5.3 Pricing Analysis 5.4 Value Chain Analysis 5.5 Supply Chain Analysis 5.6 Ecosystem Analysis of the Medical Devices Market
6 Home Healthcare Market, by Product 6.1 Introduction 6.2 Therapeutic 6.2.1 Dialysis Equipment 18.104.22.168 Dialysis Equipment Have Gained Significance due to Their Improved Clinical Outcomes and Better Quality of Life for Patients 6.2.2 Wound Care Products 22.214.171.124 Decreased Cost and Higher Convenience and Comfort of Home Care Will Ensure the Growth of this Segment 6.2.3 IV Equipment 126.96.36.199 IV Equipment Facilitate the Delivery of Antibiotics, Fluid Replacements, and Chemotherapy with Accuracy 6.2.4 Sleep Apnea Therapeutic Devices 188.8.131.52 Rising Number of Obstructive Sleep Apnea (Osa) Cases and the Growing Prevalence of Sleep Disorders to Drive the Market for Sleep Apnea Therapeutic Devices 6.2.5 Insulin Delivery Devices 184.108.40.206 High Incidence of Diabetes to Drive the Insulin Delivery Devices Market 6.2.6 Oxygen Delivery Systems 220.127.116.11 Technological Advancements of Oxygen Therapy Products to Drive the Market 6.2.7 Inhalers 18.104.22.168 High Incidence of Asthma is the Major Factor Driving the Inhalers Market 6.2.8 Nebulizers 22.214.171.124 Nebulizers are More Effective as Compared to Oral Dosages 6.2.9 Ventilators 126.96.36.199 Growing Use of Positive Airway Pressure Devices for Sleep Apnea Therapy is the Key Driver for the Growth of the Ventilators Market in Home Care 6.2.10 Other Therapeutic Products 6.3 Testing, Screening, and Monitoring Products 6.3.1 Blood Glucose Monitors 6.3.2 Hearing Aids 6.3.3 Blood Pressure Monitors 6.3.4 Ecg/Ekg Devices 6.3.5 Ovulation and Pregnancy Test Kits 6.3.6 Pulse Oximeters 6.3.7 Heart Rate Monitors 6.3.8 Coagulation Monitoring Products 6.3.9 Fetal Monitoring Devices 6.3.10 HIV Test Kits 6.3.11 Holter and Event Monitors 6.3.12 Temperature Monitoring Devices 6.3.13 Cholesterol Testing Products 6.3.14 Drug and Alcohol Test Kits 6.3.15 Peak Flow Meters 6.3.16 Colon Cancer Test Kits 6.3.17 Activity Monitors & Wrist Bands 6.3.18 EEG Devices 6.3.19 Home Sleep Testing Devices 6.3.20 Home Hemoglobin A1C Test Kits 6.4 Home Healthcare Mobility Care Products
7 Home Healthcare Market, by Service 7.1 Introduction 7.2 Skilled Nursing 7.2.1 Skilled Nursing Services to Dominate the Home Healthcare Services Market During the Forecast Period 7.3 Rehabilitation Therapy 7.3.1 Rehabilitation Therapy Services Majorly Include Physiotherapy, Occupational Therapy, and Speech Therapy 7.4 Hospice and Palliative Care 7.4.1 Rising Geriatric Population to Drive Hospice and Palliative Care Services 7.5 Unskilled Care 7.5.1 Unskilled Care Services are Cost-Effective and Offer Comfort and Security to Patients 7.6 Respiratory Therapy 7.6.1 The Growing Prevalence of Respiratory Disorders to Drive the Market 7.7 Infusion Therapy 7.7.1 Home Infusion is a Safe and Effective Alternative to In-Patient Care for Various Disease States and Therapies 7.8 Pregnancy Care 7.8.1 Pregnancy Care Services Help Expectant Parents to Manage High-Risk Pregnancies and Complications 8 Home Healthcare Market, by Indication 8.1 Introduction 8.2 Cancer 8.2.1 High Prevalence of Cancer to Drive the Market Growth 8.3 Respiratory Diseases 8.3.1 Rising Prevalence of Respiratory Diseases to Have a Positive Impact on this Segment 8.4 Movement/Mobility Disorders 8.4.1 Aging is a Risk Factor for Movement Disorders 8.5 Cardiovascular Disorders & Hypertension 8.5.1 Rising Incidence of Hypertension and Cardiovascular Disorders to Drive the Growth of this Segment 8.6 Pregnancy 8.6.1 Rising Focus on Better Care & Monitoring During Pregnancy to Drive the Growth of this Segment 8.7 Wound Care 8.7.1 Rising Prevalence of Road Accidents and Trauma Injuries Drive the Market Growth 8.8 Diabetes 8.8.1 Increasing Incidence of Diabetes to Drive the Growth of this Market 8.9 Hearing Disorders 8.9.1 Aging is One of the Risk Factors for Hearing Disorders 8.10 Other Indications
9 Home Healthcare Market, by Region 9.1 Introduction 9.2 North America 9.2.1 US 188.8.131.52 Us to Dominate the North American Home Healthcare Market 9.2.2 Canada 184.108.40.206 Rising Aging Population Drives the Market in the Country 9.3 Europe 9.3.1 Germany 220.127.116.11 Germany to Dominate the European Home Healthcare Market 9.3.2 France 18.104.22.168 Government Support and Initiatives Taken by Market Players to Drive the Home Healthcare Market 9.3.3 UK 22.214.171.124 High Burden of Chronic Diseases to Drive the Market in the Country 9.3.4 Italy 126.96.36.199 Rising Geriatric Population and the Favorable Government Policy to Drive the Market in the Country 9.3.5 Spain 188.8.131.52 Increasing Chronic Conditions Coupled with Higher Life Expectancy to Drive the Market in the Country 9.3.6 Rest of Europe 184.108.40.206 Growth in the Target Patient Population to Drive the Market in the Region 9.4 Asia-Pacific 9.4.1 Japan 220.127.116.11 Growing Geriatric Population in the Country to Drive the Home Healthcare Market 9.4.2 China 18.104.22.168 Healthcare Development and Reforms Will Drive the Market in the Country 9.4.3 India 22.214.171.124 Increasing Target Patient Population to Drive the Market in the Country 9.4.4 Rest of Asia-Pacific 9.5 Rest of the World
11 Company Profiles 11.1 Fresenius 11.2 GE Healthcare (Subsidiary of General Electric Company) 11.3 Linde plc 11.4 Roche 11.5 A&D Company 11.6 Bayada Home Health Care 11.7 Invacare Corporation 11.8 Abbott Laboratories 11.9 Amedisys 11.10 Kindred at Home 11.11 LHC Group 11.12 Omron Corporation 11.13 Koninklijke Philips N.V. 11.14 Drive Devilbiss Healthcare 11.15 Hamilton Medical Ag 11.16 Sunrise Medical 11.17 Roma Medical 11.18 Caremax Rehabilitation Equipment Co., Ltd. 11.19 Vitalograph 11.20 Advita Pflegedienst GmbH 11.21 Renafan GmbH 11.22 ADMR 11.23 Apex Medical Corp. 11.24 Contec Medical Systems Co., Ltd 11.25 Lowenstein Medical Technology GmbH + Co. Kg.