1. Market Research
  2. > Healthcare
  3. > E-Healthcare Market Trends
Home Healthcare Market - Global Outlook and Forecast 2021-2026

Home Healthcare Market - Global Outlook and Forecast 2021-2026

  • May 2021
  • 412 pages
  • ID: 6071900
  • Format: PDF
  • Arizton
Up to $825 off Until Jul 31st 2021

Summary

Table of Contents

Search Inside

In-depth Analysis and Data-driven Insights on the Impact of COVID-19 Included in this Global Home Healthcare Market Report

The global home healthcare market by revenue is expected to grow at a CAGR of over 6% during 2020–2026.

Growing innovations in-home healthcare products and services are likely to boost the market’s growth. The reformation of healthcare is another vital driver for the market. Home services are more cost-effective than hospital care, increasing their preference under Medicare and Medicaid. Governments in several countries are encouraging the use of home healthcare for patients suffering from chronic illness. Hospital-at-home is one of the fastest-growing trends in several developed countries. For example, in late 2020, the US Centers for Medicare & Medicaid Services (CMS) launched a new hospital-at-home waiver to meet acute critical care capacity challenges, granting hospitals unprecedented flexibility to patients in their home settings. Moreover, patient acuity levels are continuously rising, pushing agencies to offer more specialized services. Home services are utilized mainly by the older population, representing a significant proportion of the total patient population. With the onset of the COVID-19 pandemic, the sales of home healthcare devices reported a boost with the increase in the severity of COVID-19 infections. Patients preferred to opt for home care for required health ailments, thereby influencing the growth of the home healthcare market.
The following factors are likely to contribute to the growth of the home healthcare market during the forecast period:
• Increasing Demand for Preventive Healthcare Devices
• The Shift toward Patient-centric Model
• On-demand Healthcare Services
• Advances in Home Healthcare Product Technology

The study considers the global home healthcare market’s present scenario and its market dynamics for 2020?2026. It covers a detailed overview of several market growth enablers, restraints, and trends. The report offers both the demand and supply aspects of the market. It profiles and examines leading companies and other prominent ones operating in the market.

Global Home Healthcare Market Segmentation
The home healthcare services market accounted for the highest share of over 72% in 2020. Home services help provide the patients suffering from chronic diseases or are affected by any disability. Skilled nursing, diagnostics & monitoring, therapeutic, infusion therapy, and home health aides services are the major services offered under the services segment. The growing elderly population worldwide and the increasing incidence of chronic diseases are the major factors responsible for the growth of home healthcare services. In Japan and China, the percentage of the aged population is growing at a faster pace. For example, Japan has a 28% population above 65, which is the highest globally. The population is prone to chronic diseases such as CKD, chronic respiratory diseases, and cancer. Similarly, the percentage of the aged population is expected to grow exponentially during the forecast period in the US. The US had an elderly population of 16% in 2019, which is expected to cross 70 million by 2035. All these factors are likely to contribute to the growth of home healthcare services.

The global home healthcare devices market is growing at a CAGR of over 6% during the forecast period. Home use medical devices are observing demand as the awareness in the population toward home healthcare is growing. The devices segment accounted for the home healthcare market share of approx. 28% in 2020, the segment is likely to increase its market share in 2026.

The cardiovascular disease segment holds a leading position in the home healthcare market due to the rise in cardiovascular disorders. European countries have one of the highest prevalence rates for cardiovascular diseases. The trend of preventive medical devices and wearable technology is expected to aid the market growth.

The orthopedic disease segment captured over 16% of the global home healthcare market share. Home care services mainly dominate the orthopedic disease segment as they aid in daily life for people suffering from mobility challenges and musculoskeletal abnormalities. The increasing burden of orthopedic diseases across the globe is a significant impetus for the growth of orthopedic home healthcare services, especially in countries with a high percentage of the elderly population.

The high incidence of respiratory disorders such as COPD and asthma is a significant factor driving the demand for respiratory/pulmonary disease management. Although the incidence rate of respiratory disorders has been higher in the European region because of the high percentage of the smoking population, India and China have reported maximum cases, contributing almost 50% to the global incidence of chronic respiratory diseases. The global respiratory/pulmonary disease segment expects to reach approx. USD 44 billion by 2026, growing at a CAGR of approx. 6% during the forecast period.

Services
• Skilled Nurse Services
• Diagnostic and Monitoring Services
• Therapeutic Services
• Infusion Therapy Services
• Home Health Aides Services
• Others

Indication
• Cardiovascular disease
• Orthopedic Disease
• Metabolic Diseases
• Respiratory/Pulmonary Disease
• Neurovascular Disease
• Kidney Disease
• Mobility Disorder
• Others

Devices
• Diagnostic and Monitoring devices
• Therapeutic devices
• Rehabilitation devices

Insights by Geography

The home healthcare market in North America expects to grow at a CAGR of over 5% during the forecast period. In North America, the market value is expected to grow exponentially during the forecast period. Factors such as the presence of key vendors in the region, high health awareness in the population, the availability of advanced medical systems, technological advancements are likely to increase the market during the forecast period. Feasibility and convenience are the major factors that are increasing the acceptance of home care devices among end-users.

The introduction of advanced home healthcare technology is another major factor for the growth of the market. Vendors launch medical devices compact with smart connectivity options and can be used along with digital health portals. Vendors focus on manufacturing medical devices, which are entirely or semi-automated to minimize the risk of human errors. This helps increase the acceptance of medical devices in the elderly population, which is more prone to diseases and faces mobility challenges. Hence, the increased focus to incorporate advanced technology aids the growth of the market in North America.

Geography
• North America
o US
o Canada
• Europe
o UK
o Germany
o France
o Italy
o Spain
• APAC
o China
o India
o Japan
o South Korea
o Australia
• Latin America
o Mexico
o Brazil
o Argentina
• Middle East & Africa
o Saudi Arabia
o Turkey
o South Africa

Insights by Vendors

The home healthcare services market is highly fragmented. It is dominated by regional and local players that are established. In a mature region such as North America, the entry of new players is challenging, as the established number of local players has built a reputation among customers. The quality of service and customer satisfaction are two major deciding factors for end-users to choose vendors. Established regional players have good customer relations and have several affiliations with healthcare facilities. In developed countries, where the cost of home healthcare is reimbursed through health insurance, the possibility of shifting from one service provider to another is low. In an emerging country such as APAC, growth opportunities are high, which is why the possibility of changing the home healthcare service market is immense. The home healthcare market in India is one of the fastest-growing and witnessing the entry of several new players, which is developing high awareness of personal health, thereby aiding the market’s growth.

Prominent Vendors
• Omron Corporation
• Abbott
• Braun Melsungen Ag
• GE Healthcare
• Medtronic
• Koninklijke Philips N.V
• A&D Company
• Cardinal Health
• Hoffmann-La Roche AG
• Fresenius SE & Co. KGaA
• Air Liquide
• Kindred Healthcare LLC
• Bayada Home Health Care
• Amedisys
• LHC Group, Inc.
• Encompass Health Corporation

Other Prominent Vendors
• Advita Pflegedienst GmbH
• Healthcare at Home
• Privatassistenza
• Portea
• NIHON KOHDEN
• OSI Systems
• Shenzhen Mindray Bio-Medical Electronics
• Contec Medical Systems
• Drägerwerk
• EPSIMED
• GUANGDONG BIOLIGHT MEDITECH
• Kizlonmedical
• Mediana
• MEDION HEALTHCARE
• SCHILLER
• Skanray Technologies
• Baxter International
• CardioMed Supplies
• Merit Medical Systems
• MITRA INDUSTRIES
• Angiplast
• Lifeline Services
• Health Line International
• Newsol Technologies
• Poly Medicure
• Terumo
• Utah Medical Products
• Medcomp
• Renax Biomedical Tech

KEY QUESTIONS ANSWERED:
1 How big is the home healthcare industry?
2 What is the home healthcare market growth?
3 Which segment accounted for the largest home healthcare market share?
4 What was the size of the US home healthcare market in 2020?
5 Who are the key players in the home healthcare market?

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
15% Off

$3995

  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - [email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

Home Healthcare Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product Type ; Indication ; Service ; and Geography

  • $ 4550
  • May 2021
  • 186 pages

The global home healthcare market is expected to reach US$ 621,565.89 million by 2028 from US$ 315,139.27 million in 2020; it is estimated to grow at a CAGR of 8.9% from 2021 to 2028. The factors such ...

  • World
  • APAC
  • Home Healthcare
  • Industry analysis
  • Chronic Disease Prevalence
  • Health Expenditure

ref:plp2021

Reportlinker.com © Copyright 2021. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on