Home Healthcare Market - Global Outlook and Forecast 2021-2026

Home Healthcare Market - Global Outlook and Forecast 2021-2026

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.

  • Skilled Nurse Services
  • Diagnostic and Monitoring Services
  • Therapeutic Services
  • Infusion Therapy Services
  • Home Health Aides Services
  • Others
  • Cardiovascular disease
  • Orthopedic Disease
  • Metabolic Diseases
  • Respiratory/Pulmonary Disease
  • Neurovascular Disease
  • Kidney Disease
  • Mobility Disorder
  • Others
  • 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.

  • North America
  • US
  • Canada
  • Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • APAC
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Latin America
  • Mexico
  • Brazil
  • Argentina
  • Middle East & Africa
  • Saudi Arabia
  • Turkey
  • 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
  • OSI Systems
  • Shenzhen Mindray Bio-Medical Electronics
  • Contec Medical Systems
  • Drägerwerk
  • Kizlonmedical
  • Mediana
  • Skanray Technologies
  • Baxter International
  • CardioMed Supplies
  • Merit Medical Systems
  • Angiplast
  • Lifeline Services
  • Health Line International
  • Newsol Technologies
  • Poly Medicure
  • Terumo
  • Utah Medical Products
  • Medcomp
  • Renax Biomedical Tech

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?

1 Research Methodology
2 Research Objectives
3 Research Process
4 Scope & Coverage
4.1 Market Definition
4.1.1 Inclusions
4.1.2 Exclusion
4.2 Base Year
4.3 Scope Of The Study
4.3.1 Market Segmentation by Geography
5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation
6 Market at a Glance
7 Introduction
7.1 Home Healthcare: An Overview
7.1.1 Background
8 Market Opportunities & Trends
8.1 Increasing Demand For Preventive Healthcare Devices
8.2 Shift To Patient-Centric Model
8.3 On-Demand Healthcare Services
9 Market Growth Enablers
9.1 Technological Advances In Home Healthcare Products
9.2 Low Risk Of Hospital Readmission & Fall Injuries
9.3 Reformation Of Healthcare System
10 Market Restraints
10.1 Patient-Related Issues Of Home Healthcare Products
10.1.1 Complexity Of At-Home Medical Devices
10.1.2 Lack Of Proper Reporting Mechanisms For Patients
10.1.3 Lack Of Universal Operating Mechanism
10.2 Staffing Of Healthcare Service Providers
10.3 Acceptance Of Home Healthcare Services
10.3.1 Acceptance In Patients
10.3.2 Acceptance in Healthcare Professionals
10.3.3 Lack of Supporting Infrastructure
11 Market Landscape
11.1 Market Overview
11.2 Impact Of COVID-19 On Global Home Healthcare Market
11.3 Market Size & Forecast
11.4 Five Forces Analysis
11.4.1 Threat of New Entrants
11.4.2 Bargaining Power of Suppliers
11.4.3 Bargaining Power of Buyers
11.4.4 Threat of Substitutes
11.4.5 Competitive Rivalry
12 Product
12.1 Market Snapshot & Growth Engine
12.2 Market Overview
13 Home Healthcare Devices
13.1 Market Overview
13.2 Market Size & Forecast
13.3 Home Healthcare Devices: Geographical Segmentation
13.4 Home Healthcare Devices: Devices Segmentation
13.5 Diagnostic & Monitoring Devices
13.5.1 Market Size & Forecast
13.5.2 Home Healthcare Diagnostic & Monitoring : Geographical Segmentation
13.6 Therapeutic Devices
13.6.1 Market Size & Forecast
13.6.2 Home Healthcare Therapeutic Devices: Geographical Segmentation
13.7 Rehabilitation Devices
13.7.1 Market Size & Forecast
13.7.2 Home Healthcare Rehabilitation Devices: Geographical Segmentation
14 Home Healthcare Services
14.1 Market Overview
14.2 Market Size & Forecast
14.3 Home Healthcare Services: Geography Segmentation
14.4 Home Healthcare Services: Services Segmentation
14.5 Skilled Nurse Service
14.5.1 Market Size & Forecast
14.5.2 Home Healthcare Skilled Nursing Services: Geography Segmentation
14.6 Therapeutic Services
14.6.1 Market Size & Forecast
14.6.2 Home Healthcare Therapeutic Services: Geography Segmentation
14.7 Diagnostics & Monitoring Services
14.7.1 Market Size & Forecast
14.7.2 Home Healthcare Diagnostic and Monitoring Services: Geographic Segmentation
14.8 Infusion Therapy Services
14.8.1 Market Size & Forecast
14.8.2 Home Healthcare Infusion Therapy Services: Geography Segmentation
14.9 Home Health Aids Services
14.9.1 Market Size & Forecast
14.9.2 Home Healthcare Home Health Aides Services: Geography Segmentation
14.10 Other Services
14.10.1 Market Size And Forecast
14.10.2 Home Healthcare Other Services: Geography Segmentation
15 Indication
15.1 Market Snapshot & Growth Engine
15.2 Market Overview
15.3 Cardiovascular Diseases
15.3.1 Market Overview
15.3.2 Market Size & Forecast
15.3.3 Cardiovascular Disease: Geographical Segmentation
15.4 Orthopedic Diseases
15.4.1 Market Overview
15.4.2 Market Size & Forecast
15.4.3 Orthopedic Disease: Geographical Segmentation
15.5 Metabolic Diseases
15.5.1 Market Overview
15.5.2 Market Size & Forecast
15.5.3 Metabolic Disease: Geographical Segmentation
15.6 Respiratory/Pulmonary Diseases
15.6.1 Market Overview
15.6.2 Market Size & Forecast
15.6.3 Respiratory/Pulmonary Disease: Geographical Segmentation
15.7 Neurovascular Diseases
15.7.1 Market Overview
15.7.2 Market Size & Forecast
15.7.3 Neurovascular Disease: Geographical Segmentation
15.8 Kidney Diseases
15.8.1 Market Overview
15.8.2 Market Size & Forecast
15.8.3 Kidney Disease: Geographical Segmentation
15.9 Mobility Disorders
15.9.1 Market Overview
15.9.2 Market Size & Forecast
15.9.3 Mobility Disorder: Geographical Segmentation
15.10 Others
15.10.1 Market Overview
15.10.2 Market Size & Forecast
15.10.3 Others: Geographical Segmentation
16 Geography
16.1 Market Snapshot & Growth Engine
16.2 Geographic Overview
17 North America
17.1 Market Overview
17.2 Market Size & Forecast
17.2.1 North America: Product Segmentation
17.2.2 North America: Indication Segmentation
17.3 Key Countries
17.3.1 US: Market Size & Forecast
17.3.2 Canada: Market Size & Forecast
18 Europe
18.1 Market Overview
18.2 Market Size & Forecast
18.2.1 Europe: Product Segmentation
18.2.2 Europe: Indication Segmentation
18.3 Key Countries
18.3.1 Germany: Market Size & Forecast
18.3.2 France: Market Size & Forecast
18.3.3 UK: Market Size & Forecast
18.3.4 Italy: Market Size & Forecast
18.3.5 Spain: Market Size & Forecast
19.1 Market Overview
19.2 Market Size & Forecast
19.2.1 APAC: Product Segmentation
19.2.2 APAC: Indication Segmentation
19.3 Key Countries
19.3.1 China: Market Size & Forecast
19.3.2 Japan: Market Size & Forecast
19.3.3 India: Market Size & Forecast
19.3.4 Australia: Market Size & Forecast
19.3.5 South Korea: Market Size & Forecast
20 Latin America
20.1 Market Overview
20.2 Market Size & Forecast
20.2.1 Latin America: Product Segmentation
20.2.2 Latin America: Indication segmentation
20.3 Key Countries
20.3.1 Brazil: Market Size & Forecast
20.3.2 Mexico: Market Size & Forecast
20.3.3 Argentina: Market Size & Forecast
21 Middle East & Africa
21.1 Market Overview
21.2 Market Size & Forecast
21.2.1 Middle East & Africa: Product Segmentation
21.2.2 Middle East & Africa: Indication Segmentation
21.3 Key Countries
21.3.1 South Africa: Market Size & Forecast
21.3.2 Saudi Arabia: Market Size & Forecast
21.3.3 Turkey: Market Size & Forecast
22 Competitive Landscape
22.1 Competition Overview
22.2 Market Analysis
23 Key Company Profiles
23.1 Omron Corporation
23.1.1 Business Overview
23.1.2 OMRON in Home Healthcare Market
23.1.3 Product Offerings
23.1.4 Key Strategies
23.1.5 Key Strengths
23.1.6 Key Opportunities
23.2 Abbott
23.2.1 Business Overview
23.2.2 Abbott in Home Healthcare Market
23.2.3 Product Offerings
23.2.4 Key Strategies
23.2.5 Key Strengths
23.2.6 Key Opportunities
23.3 B. Braun Melsungen
23.3.1 Business Overview
23.3.2 B. Braun in Home Healthcare Market
23.3.3 Product Offerings
23.3.4 Key Strategies
23.3.5 Key Strengths
23.3.6 Key Opportunities
23.4 GE Healthcare
23.4.1 Business Overview
23.4.2 Product Offerings
23.4.3 Key Strategies
23.4.4 Key Strengths
23.4.5 Key Opportunities
23.5 Medtronic
23.5.1 Business Overview
23.5.2 Medtronic in Home Healthcare Market
23.5.3 Product Offerings
23.5.4 Key Strategies
23.5.5 Key Strengths
23.5.6 Key Opportunities
23.6 Koninklijke Philips N.V.
23.6.1 Business Overview
23.6.2 Philips in Home Healthcare Market
23.6.3 Product Offerings
23.6.4 Key Strategies
23.6.5 Key Strengths
23.6.6 Key Opportunities
23.7 A&D Company
23.7.1 Business Overview
23.7.2 A&D in Home Healthcare Market
23.7.3 Product Offerings
23.7.4 Key Strategies
23.7.5 Key Strengths
23.7.6 Key Opportunities
23.8 Cardinal Health
23.8.1 Business Overview
23.8.2 Cardinal Health in Home Healthcare Market
23.8.3 Product Offerings
23.8.4 Key Strategies
23.8.5 Key Strengths
23.8.6 Key Opportunities
23.9 F. Hoffmann-La Roche Ltd
23.9.1 Business Overview
23.9.2 Roche in Home Healthcare Market
23.9.3 Product Offerings
23.9.4 Key Strategies
23.9.5 Key Strengths
23.9.6 Key Opportunities
23.10 Fresenius SE & CO. KGAA
23.10.1 Business Overview
23.10.2 Product Offerings
23.10.3 Key Strategies
23.10.4 Key Strengths
23.10.5 Key Opportunities
23.11 Air Liquide
23.11.1 Business Overview
23.11.2 Air Liquide in Home Healthcare
23.11.3 Service Offerings
23.11.4 Key Strategies
23.11.5 Key Strengths
23.11.6 Key Opportunities
23.12 Kindred Healthcare
23.12.1 Business Overview
23.12.2 Product Offerings
23.12.3 Key Strategies
23.12.4 Key Strengths
23.12.5 Key Opportunities
23.13 Bayada Home Health Care
23.13.1 Business Overview
23.13.2 Product Offerings
23.13.3 Key Strategies
23.13.4 Key Strengths
23.13.5 Key Opportunities
23.14 Amedisys
23.14.1 Business Overview
23.14.2 Service Offerings
23.14.3 Key Strategies
23.14.4 Key Strengths
23.14.5 Key Opportunities
23.15 Encompass Health Corporation
23.15.1 Business Overview
23.15.2 Encompass Health in Home Healthcare Market
23.15.3 Service Offerings
23.15.4 Key Strategies
23.15.5 Key Strengths
23.15.6 Key Opportunities
23.16 LHC Group, Inc.
23.16.1 Business Overview
23.16.2 Service Offerings
24 Other Prominent Vendors
24.1 Advita Pflegedienst
24.1.1 Business Overview
24.1.2 Service Offerings
24.2 Healthcare At Home
24.2.1 Business Overview
24.2.2 Service Offerings
24.3 Privatassistenza
24.3.1 Business Overview
24.3.2 Service Offerings
24.4 Portea
24.4.1 Business Overview
24.4.2 Service Offerings
24.5 Nihon Kohden
24.5.1 Business Overview
24.5.2 Product Offerings
24.6 OSI Systems
24.6.1 Business Overview
24.6.2 Product Offerings
24.7 Shenzhen Mindray Bio-Medical Electronics
24.7.1 Business Overview
24.7.2 Product Offerings
24.8.1 Business Overview
24.8.2 Product Offerings
24.9 Drägerwerk
24.9.1 Business Overview
24.9.2 Product Offerings
24.10.1 Business Overview
24.10.2 Product Offerings
24.11 Guangdong Biolight Meditech
24.11.1 Business Overview
24.11.2 Product Offerings
24.12 Kizlonmedical
24.12.1 Business Overview
24.12.2 Product Offerings
24.13 Mediana
24.13.1 Business Overview
24.13.2 Product Offerings
24.14 Medion Healthcare
24.14.1 Business Overview
24.14.2 Product Offerings
24.15 Schiller
24.15.1 Business Overview
24.15.2 Product Offerings
24.16 Skanray Technologies
24.16.1 Business Overview
24.16.2 Product Offerings
24.17 Baxter International
24.17.1 Business Overview
24.17.2 Product Offerings
24.18 Cardiomed Supplies
24.18.1 Business Overview
24.18.2 Product Offerings
24.19 Merit Medical Systems
24.19.1 Business Overview
24.19.2 Product Offerings
24.20.1 Business Overview
24.20.2 Product Offerings
24.21 Angiplast
24.21.1 Business Overview
24.21.2 Product Offerings
24.22 Lifeline Services
24.22.1 Business Overview
24.22.2 Product Offerings
24.23 Health Line International
24.23.1 Business Overview
24.23.2 Product Offerings
24.24 Newsol Technologies
24.24.1 Business Overview
24.24.2 Product Offerings
24.25 Poly Medicure
24.25.1 Business Overview
24.25.2 Product Offerings
24.26 Terumo
24.26.1 Business Overview
24.26.2 Product Offerings
24.27 UTAH Medical Products
24.27.1 Business Overview
24.27.2 Product Offerings
24.28 Medcomp
24.28.1 Business Overview
24.28.2 Product Offerings
24.29 Renax Biomedical Tech
24.29.1 Business Overview
24.29.2 Product Offerings
25 Report Summary
25.1 Key Takeaways
25.2 Strategic Recommendations
26 Quantitative Summary
26.1 Market By Product
26.1.1 North America: Product Segmentation
26.1.2 Europe: Product Segmentation
26.1.3 APAC: Product Segmentation
26.1.4 Latin America: Product Segmentation
26.1.5 Middle East & Africa: Product Segmentation
26.2 Indication
26.2.1 North America: Indication Segmentation
26.2.2 Europe: Indication Segmentation
26.2.3 APAC: Indcation Segmentation
26.2.4 Latin America: Indication Segmentation
26.2.5 Middle East & Africa: Indication Segmentation
26.3 Geography
26.3.1 Product: Geography Segmentation
26.3.2 Diagnostic Devices: Geography Segmentation
26.3.3 Therapeutic Devices: Geography Segmentation
26.3.4 Rehabilitation Devices: Geography Segmentation
26.3.5 Services: Geography Segmentation
26.3.6 Skilled Nursing Services: Geography Segmentation
26.3.7 Diagnostic & Monitoring Services: Geography Segmentation
26.3.8 Therapeutic Services: Geography Segmentation
26.3.9 Infusion Therapy Services: Geography Segmentation
26.3.10 Home Health Aides Services: Geography Segmentation
26.3.11 Others: Geography Segmentation
26.3.12 Indication: Geography Segmentation
26.3.13 Cardiovascular Diseases: Geography Segmentation
26.3.14 Orthopedic Diseases: Geography Segmentation
26.3.15 Metabolic Diseases: Geography Segmentation
26.3.16 Respiratory Diseases: Geography Segmentation
26.3.17 Neurovascular Diseases: Geography Segmentation
26.3.18 Kidney Diseases: Geography Segmentation
26.3.19 Mobility Disorder: Geography Segmentation
26.3.20 Other Diseases: Geography Segmentation
27 Appendix
27.1 Abbreviations

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