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North America AI in Home Healthcare Market Size, Share & Trends Analysis Report By Offering, By Technology, By Application, By End User (Healthcare Providers, Healthcare Payers, Patients, and Others), By Country and Growth Forecast, 2024 - 2031

Publisher Knowledge Based Value (KBV) Research
Published Apr 30, 2024
Length 142 Pages
SKU # KBV18805986

Description

North America AI in Home Healthcare Market Size, Share & Trends Analysis Report By Offering, By Technology, By Application, By End User (Healthcare Providers, Healthcare Payers, Patients, and Others), By Country and Growth Forecast, 2024 - 2031


The North America AI in Home Healthcare Market would witness market growth of 52.3% CAGR during the forecast period (2024-2031).

The US market dominated the North America AI in Home Healthcare Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $10,021.2 million by 2031. The Canada market is experiencing a CAGR of 55.3% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 54.4% during (2024 - 2031).

The healthcare landscape is profoundly transformed by technological innovation, demographic shifts, and changing patient expectations. Integrating artificial intelligence (AI) into home healthcare delivery is among the most promising and impactful advancements. With its capacity to analyze vast amounts of data, learn from patterns, and make predictions, AI holds immense potential to revolutionize how healthcare is delivered and managed within the comfort and convenience of patients' homes.

Additionally, home healthcare, once primarily associated with post-hospitalization recovery and elderly care, has expanded to encompass a broader spectrum of services, including chronic disease management, preventive care, remote monitoring, and telehealth consultations. This evolution reflects a growing recognition of the benefits of delivering healthcare services in the home environment, where patients can receive personalized care, maintain independence, and avoid unnecessary hospitalizations or institutionalization.

Moreover, in Canada, the demand for home healthcare services is particularly pronounced due to the challenges posed by geographic dispersion, especially in remote and rural areas. Access to healthcare services can be limited in these regions, making home healthcare a preferred option for many Canadians. As per the data from Statistics Canada, in 2022, Canadians living in British Columbia (73.8%) and Newfoundland and Labrador (70.7%) were the most likely to have used a virtual consultation in the 12 months preceding the 2022 survey, while those living in Prince Edward Island (36.9%) and Quebec (37.6%) were the least likely to have done so. Therefore, the growing demand for home healthcare services in North America is expected to drive the demand for AI in home healthcare in the region.

Based on Offering, the market is segmented into Software (Application Programming Interface and Machine Learning Framework), Hardware and Services. Based on Technology, the market is segmented into Machine Learning, Natural Language Processing, Context-aware Computing, and Computer Vision. Based on Application, the market is segmented into Lifestyle Management & Remote Patient Monitoring, Patient Data & Risk Analysis, Virtual Assistants, Wearables, Mental Health and Others. Based on End User, the market is segmented into Healthcare Providers, Healthcare Payers, Patients, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

List of Key Companies Profiled
  • Siemens Healthineers AG (Siemens AG)
  • F. Hoffmann-La Roche Ltd.
  • GE HealthCare Technologies, Inc.
  • Oracle Corporation (Cerner Corporation)
  • Koninklijke Philips N.V
  • Merative L.P. (Francisco Partners)
  • Medtronic PLC
  • Sensely, Inc.
  • CarePredict Inc.
  • Qventus Inc.
North America AI in Home Healthcare Market Report Segmentation

By Offering
  • Software
  • Application Programming Interface
  • Machine Learning Framework
  • Hardware
  • Services
By Technology
  • Machine Learning
  • Natural Language Processing
  • Context-aware Computing
  • Computer Vision
By Application
  • Lifestyle Management & Remote Patient Monitoring
  • Patient Data & Risk Analysis
  • Virtual Assistants
  • Wearables
  • Mental Health
  • Others
By End User
  • Healthcare Providers
  • Healthcare Payers
  • Patients
  • Others
By Country
  • US
  • Canada
  • Mexico
  • Rest of North America

Table of Contents

142 Pages
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America AI in Home Healthcare Market, by Offering
1.4.2 North America AI in Home Healthcare Market, by Technology
1.4.3 North America AI in Home Healthcare Market, by Application
1.4.4 North America AI in Home Healthcare Market, by End User
1.4.5 North America AI in Home Healthcare Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.3 Market Share Analysis, 2023
4.4 Top Winning Strategies
4.4.1 Key Leading Strategies: Percentage Distribution (2020-2024)
4.4.2 Key Strategic Move: (Partnership & Collaboration: 2021, Oct – 2024, Mar) Leading Players
4.5 Porter Five Forces Analysis
Chapter 5. North America AI in Home Healthcare Market by Offering
5.1 North America Software Market by Country
5.2 North America AI in Home Healthcare Market by Software Type
5.2.1 North America Application Programming Interface Market by Region
5.2.2 North America Machine Learning Framework Market by Region
5.3 North America Hardware Market by Country
5.4 North America Services Market by Country
Chapter 6. North America AI in Home Healthcare Market by Technology
6.1 North America Machine Learning Market by Country
6.2 North America Natural Language Processing Market by Country
6.3 North America Context-aware Computing Market by Country
6.4 North America Computer Vision Market by Country
Chapter 7. North America AI in Home Healthcare Market by Application
7.1 North America Lifestyle Management & Remote Patient Monitoring Market by Country
7.2 North America Patient Data & Risk Analysis Market by Country
7.3 North America Virtual Assistants Market by Country
7.4 North America Wearables Market by Country
7.5 North America Mental Health Market by Country
7.6 North America Others Market by Country
Chapter 8. North America AI in Home Healthcare Market by End User
8.1 North America Healthcare Providers Market by Country
8.2 North America Healthcare Payers Market by Country
8.3 North America Patients Market by Country
8.4 North America Others Market by Country
Chapter 9. North America AI in Home Healthcare Market by Country
9.1 US AI in Home Healthcare Market
9.1.1 US AI in Home Healthcare Market by Offering
9.1.1.1 US AI in Home Healthcare Market by Software Type
9.1.2 US AI in Home Healthcare Market by Technology
9.1.3 US AI in Home Healthcare Market by Application
9.1.4 US AI in Home Healthcare Market by End User
9.2 Canada AI in Home Healthcare Market
9.2.1 Canada AI in Home Healthcare Market by Offering
9.2.1.1 Canada AI in Home Healthcare Market by Software Type
9.2.2 Canada AI in Home Healthcare Market by Technology
9.2.3 Canada AI in Home Healthcare Market by Application
9.2.4 Canada AI in Home Healthcare Market by End User
9.3 Mexico AI in Home Healthcare Market
9.3.1 Mexico AI in Home Healthcare Market by Offering
9.3.1.1 Mexico AI in Home Healthcare Market by Software Type
9.3.2 Mexico AI in Home Healthcare Market by Technology
9.3.3 Mexico AI in Home Healthcare Market by Application
9.3.4 Mexico AI in Home Healthcare Market by End User
9.4 Rest of North America AI in Home Healthcare Market
9.4.1 Rest of North America AI in Home Healthcare Market by Offering
9.4.1.1 Rest of North America AI in Home Healthcare Market by Software Type
9.4.2 Rest of North America AI in Home Healthcare Market by Technology
9.4.3 Rest of North America AI in Home Healthcare Market by Application
9.4.4 Rest of North America AI in Home Healthcare Market by End User
Chapter 10. Company Profiles
10.1 Siemens Healthineers AG (Siemens AG)
10.1.1 Company Overview
10.1.2 Financial Analysis
10.1.3 Segmental and Regional Analysis
10.1.4 Research & Development Expense
10.1.5 Recent strategies and developments:
10.1.5.1 Partnerships, Collaborations, and Agreements:
10.1.5.2 Acquisition and Mergers:
10.1.6 SWOT Analysis
10.2 F. Hoffmann-La Roche Ltd.
10.2.1 Company Overview
10.2.2 Financial Analysis
10.2.3 Segmental and Regional Analysis
10.2.4 Research & Development Expense
10.2.5 Recent strategies and developments:
10.2.5.1 Partnerships, Collaborations, and Agreements:
10.2.6 SWOT Analysis
10.3 GE HealthCare Technologies, Inc.
10.3.1 Company Overview
10.3.2 Financial Analysis
10.3.3 Segmental and Regional Analysis
10.3.4 Research & Development Expenses
10.3.5 Recent strategies and developments:
10.3.5.1 Partnerships, Collaborations, and Agreements:
10.3.5.2 Acquisition and Mergers:
10.3.6 SWOT Analysis
10.4 Oracle Corporation (Cerner Corporation)
10.4.1 Company Overview
10.4.2 Financial Analysis
10.4.3 Segmental and Regional Analysis
10.4.4 Research & Development Expense
10.4.5 SWOT Analysis
10.5 Koninklijke Philips N.V.
10.5.1 Company Overview
10.5.2 Financial Analysis
10.5.3 Segmental and Regional Analysis
10.5.4 Research & Development Expense
10.5.5 Recent strategies and developments:
10.5.5.1 Partnerships, Collaborations, and Agreements:
10.5.5.2 Product Launches and Product Expansions:
10.5.5.3 Acquisition and Mergers:
10.5.6 SWOT Analysis
10.6 Merative L.P. (Francisco Partners)
10.6.1 Company Overview
10.6.2 Recent strategies and developments:
10.6.2.1 Partnerships, Collaborations, and Agreements:
10.6.3 SWOT Analysis
10.7 Medtronic PLC
10.7.1 Company overview
10.7.2 Financial Analysis
10.7.3 Segmental and Regional Analysis
10.7.4 Research & Development Expenses
10.7.5 Recent strategies and developments:
10.7.5.1 Partnerships, Collaborations, and Agreements:
10.7.6 SWOT Analysis
10.8 Sensely, Inc.
10.8.1 Company Overview
10.8.2 SWOT Analysis
10.9 CarePredict Inc.
10.9.1 Company Overview
10.9.2 SWOT Analysis
10.10. Qventus Inc.
10.10.1 Company Overview
10.10.2 SWOT Analysis

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