The latest research study “Home Healthcare Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” by IMARC Group, finds that the global home healthcaremarket size reached US$ 360.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 599.9 Billion by 2028, exhibiting a growth rate (CAGR) of 9.02% during 2023-2028.
Home healthcare involves a range of medical or non-medical professional services that allow caregivers to offer numerous nursing, medical, and physical therapies to patients in residential settings to treat injuries or diseases. It also uses mobility care, therapeutic diagnostic, medical kits, common dose administration equipment as standard devices that are used in rehabilitation, infusion, and respiratory therapies. Home healthcare extensively supports activities of daily living, ensures medication management, reduces the risk of infections, offers customized and personalized services, as well as improves health with initial treatments.
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Home Healthcare Market Trends and Drivers:
The growing prevalence of several chronic and cardiovascular disorders (CVDs), owing to the increasing instances of communicable diseases among individuals, especially during the sudden outbreak of the COVID-19 pandemic, is among the key factors stimulating the home healthcare market. Moreover, the inflating need for effective treatments at reduced hospitalization costs, including telehealth, and the excessive shortages of intensive care units (ICUs) in hospitals are acting as significant growth-inducing factors. Besides this, the introduction of various home healthcare monitoring technologies, such as pulse oximeters and temperature and blood pressure assessment solutions, and the rising integration of the Internet of Things (IoT) with point-of-care devices and wearable gadgets are positively influencing the global market. Furthermore, the development of at-home diagnostics kits with self-administered testing solutions and the elevating consumer awareness towards easy availability are also propelling the market growth. Apart from this, continuous improvements in healthcare infrastructures and favorable government reimbursements are anticipated to fuel the home healthcare market over the forecasted period.
Home Healthcare Market 2023-2028 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- A&D Company Limited
- Addus HomeCare Corporation
- Amedisys Inc.
- B. Braun Melsungen AG
- Baxter International Inc.
- Becton Dickinson and Company
- Fresenius Medical Care AG & Co. KGaA
- Invacare Corporation
- Koninklijke Philips N.V.
- McKesson Corporation
- Medline Industries LP
- OMRON Healthcare Inc. (Omron Corporation) and ResMed Inc.
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Breakup by Product:
- Therapeutic Products
- Testing, Screening, and Monitoring Products
- Mobility Care Products
Breakup by Service:
- Skilled Nursing
- Rehabilitation Therapy
- Hospice & Palliative Care
- Unskilled Care
- Respiratory Therapy
- Infusion Therapy
- Pregnancy Care
Breakup by Indication:
- Cancer
- Respiratory Diseases
- Movement Disorders
- Cardiovascular Diseases & Hypertension
- Pregnancy
- Wound Care
- Diabetes
- Hearing Disorders
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Key highlights of the report:
- Market Performance
- Market Outlook
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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