Home healthcare Market - Global Industry Analysis

Home healthcare Market By Product (Diagnostics and Monitoring Home Devices, Therapeutics Home Healthcare Devices, Home Mobility Assist Devices, and Medical Supplies), By Services (Rehabilitation Services, Telehealth And Telemedicine Services, Infusion Therapy Services, Respiratory Therapy Services, and Unskilled Home Healthcare Services): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028

Published Date: 23-Jul-2021 Category: Healthcare Report Format : PDF Pages: 123 Report Code: ZMR-141 Status : Published

The global Home healthcare market accounted for USD 370.7 Billion in 2020 and is expected to reach USD 839.0 Billion by 2028, growing at a CAGR of around 10.1% between 2021 and 2028.

Description

Market Overview     

The global Home healthcare market accounted for USD 370.7 Billion in 2020 and is expected to reach USD 839.0 Billion by 2028, growing at a CAGR of around 10.1% between 2021 and 2028.      

Home health care is a diversified industry which includes home nursing care, infusion services, companion care, and others. Home healthcare is particularly referred as home medical care. Home health care generally involves helping geriatric people to recover from an illness or injury and live independently for as long as possible. Home health care includes occupational & physical therapy, speech therapy, and skilled nursing. It may involve helping older adults with activities of daily living, like bathing, dressing, and eating. It can also include assistance with cooking, cleaning, other housekeeping, and monitoring one’s medication routine.

COVID-19 Impact Analysis  

The global Home healthcare market has witnessed a significant growth during the pandemic. This is mainly attributed to the fact that the COVID-19 pandemic situation has led to the shortage of hospital beds, oxygen, medicines, and medical equipment, following the exponential rise in covid-19 cases. Hence, rising number of private sector hospital chains are rapidly started to provide home healthcare facilities especially for covid-19 patients.

 The market would remain bullish in upcoming year.  The significant increase in the global Home healthcare market size in 2020 is estimated on the basis of the COVID-19 outbreak. Various scenarios have been analyzed on the basis of inputs from various secondary sources and the current data available about the situation.

Growth Factors

The global home healthcare market is mainly driven by increasing geriatric population, rising healthcare costs and technological advancements in healthcare devices. With increasing health awareness among people, increase in a number of people diagnosed with chronic diseases such as diabetes cardiac disorders and respiratory diseases, the demand for home healthcare market is expected to grow in the near future. The population of geriatric people is growing rapidly across the world. Geriatric population is more vulnerable to chronic diseases such as diabetes. This, in turn, is expected to fuel the growth of home healthcare market. However, changing reimbursement policies and limited insurance coverage may pose a challenge to the home healthcare market growth in the near future. Rapid job growth in home healthcare services is expected open alluring avenues for the market growth over the next few years.

Report Scope:  

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Segment Analysis Preview  

Based on product segments, home healthcare market has been segmented into diagnostics and monitoring home devices, therapeutics home healthcare devices, medical supplies, and home mobility assists devices. Diagnostic and monitoring devices include blood pressure monitors, pregnancy test kits, heart rate monitors, temperature monitors and others. In 2020, diagnostic and monitoring devices were the major segment of in the global home healthcare market in terms of revenue and is expected to continue its dominance in the global market over the forecast period. The medical supplies product segment was a second largest segment of home healthcare and constituted 27.89% share of the global demand in 2020. Further, it is expected to grow at the fastest pace in the forecast period. Conversely, the home mobility assists devices product segment held a smaller share of the global home healthcare market in 2020.

Rehabilitation services, telehealth and telemedicine services, infusion therapy services, respiratory therapy services, unskilled home healthcare services are the key services of the home healthcare market. Rehabilitation services segment dominated home healthcare market with the largest share in terms of total revenue generated in 2020. This was mainly due to increase demand from the geriatric or aging population.

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Regional Analysis Preview  

North America, Europe, Asia-Pacific, Latin America and the Middle East & Africa are key regional markets for the home healthcare market. North America acquired the majority of share home healthcare market in 2020 and accounted for 41.05% of the overall market. North America followed by Europe and Asia-Pacific in terms of demand for home healthcare. In terms of revenue, Asia Pacific was predicted to be the fastest-growing region in the forecast period. Increasing investments in the healthcare sector by the European government supports the growth of home healthcare market in this region.

Key Market Players & Competitive Landscape

Some of the major players of the global home healthcare market include 3M Health Care, Bayer AG, Abbott Laboratories, Cardinal Health, Inc., GE Healthcare, Johnson & Johnson Services, Inc., Gentiva Health Services, Inc., Invacare Corporation, F. Hoffmann-La Roche Ltd., Phillips Healthcare, Medtronic, Inc. and Omron Healthcare, Inc. among others.

The global Home healthcare Market is segmented as follows:

By Products

  • Diagnostics and monitoring home devices
  • Therapeutics home healthcare devices
  • Home mobility assist devices
  • Medical supplies

By Services

  • Rehabilitation services
  • Telehealth and telemedicine services
  • Infusion therapy services
  • Respiratory therapy services
  • Unskilled home healthcare services

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter No. 1 Introduction
    • 1.1. Report Description
      • 1.1.1. Purpose of the Report
      • 1.1.2. USP & Key Offerings
    • 1.2. Key Benefits for Stakehulders
    • 1.3. Target Audience
    • 1.4. Report Scope
  • Chapter No. 2 Executive Summary
    • 2.1. Key Findings
      • 2.1.1. Top Investment Pockets
        • 2.1.1.1. Market Attractiveness Analysis, By Product
        • 2.1.1.2. Market Attractiveness Analysis, By Services
        • 2.1.1.3. Market Attractiveness Analysis, By Region
    • 2.2. Market Snapshot
    • 2.3. Global Home healthcare Market, 2016 – 2028 (USD Billion)
    • 2.4. Insights from Primary Respondents
  • Chapter No. 3 COVID 19 Impact Analysis
    • 3.1. Impact Assessment of COVID-19 Pandemic, By Region
      • 3.1.1. North America
      • 3.1.2. Europe
      • 3.1.3. Asia Pacific
      • 3.1.4. Latin America
      • 3.1.5. The Middle-East and Africa
    • 3.2. Quarterly Market Revenue and Forecast by Region 2020 & 2021
    • 3.3. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Billion)
    • 3.4. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Billion)
    • 3.5. Key Strategies Undertaken by Companies to Tackle COVID-19
      • 3.5.1. Company Quarterly Revenue Analysis, 2019 & 2020
    • 3.6. Short Term Dynamics
    • 3.7. Long Term Dynamics
  • Chapter No. 4 Home healthcare Market – Product Segment Analysis
    • 4.1. Overview
      • 4.1.1. Market Revenue Share, By Product, 2020 & 2028
    • 4.2. Diagnostics and monitoring home devices
      • 4.2.1. Market Size and Forecast, By Region (USD Billion)
      • 4.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.3. Therapeutics home healthcare devices
      • 4.3.1. Market Size and Forecast, By Region (USD Billion)
      • 4.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.4. Home mobility assist devices
      • 4.4.1. Market Size and Forecast, By Region (USD Billion)
      • 4.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.4.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.5. Medical supplies
      • 4.5.1. Market Size and Forecast, By Region (USD Billion)
      • 4.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.5.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 5 Home healthcare Market – Services Segment Analysis
    • 5.1. Overview
      • 5.1.1. Market Revenue Share, By Services, 2020 & 2028
    • 5.2. Rehabilitation services
      • 5.2.1. Market Size and Forecast, By Region (USD Billion)
      • 5.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.3. Telehealth and telemedicine services
      • 5.3.1. Market Size and Forecast, By Region (USD Billion)
      • 5.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.4. Infusion therapy services
      • 5.4.1. Market Size and Forecast, By Region (USD Billion)
      • 5.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.4.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.5. Respiratory therapy services
      • 5.5.1. Market Size and Forecast, By Region (USD Billion)
      • 5.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.5.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.6. Unskilled home healthcare services
      • 5.6.1. Market Size and Forecast, By Region (USD Billion)
      • 5.6.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.6.3. Key Market Trends, Growth Factors, & Opportunities
    • 6.1. Overview
      • 6.1.1. Global Market Revenue Share, By Region, 2020 & 2028
      • 6.1.2. Global Market Revenue, By Region, 2016 – 2028 (USD Billion)
    • 6.2. North America
      • 6.2.1. North America Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.2.2. North America Market Revenue, By Product, 2016 – 2028
      • 6.2.3. North America Market Revenue, By Services, 2016 – 2028
      • 6.2.5. U.S.
        • 6.2.5.1. U.S. Market Revenue, By Product, 2016 – 2028
        • 6.2.5.2. U.S. Market Revenue, By Services, 2016 – 2028
      • 6.2.6. Canada
        • 6.2.6.1. Canada Market Revenue, By Product, 2016 – 2028
        • 6.2.6.2. Canada Market Revenue, By Services, 2016 – 2028
      • 6.2.7. Mexico
        • 6.2.7.1. Mexico Market Revenue, By Product, 2016 – 2028
        • 6.2.7.2. Mexico Market Revenue, By Services, 2016 – 2028
    • 6.3. Europe
      • 6.3.1. Europe Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.3.2. Europe Market Revenue, By Product, 2016 – 2028
      • 6.3.3. Europe Market Revenue, By Services, 2016 – 2028
      • 6.3.5. Germany
        • 6.3.5.1. Germany Market Revenue, By Product, 2016 – 2028
        • 6.3.5.2. Germany Market Revenue, By Services, 2016 – 2028
      • 6.3.6. France
        • 6.3.6.1. France Market Revenue, By Product, 2016 – 2028
        • 6.3.6.2. France Market Revenue, By Services, 2016 – 2028
      • 6.3.7. U.K.
        • 6.3.7.1. U.K. Market Revenue, By Product, 2016 – 2028
        • 6.3.7.2. U.K. Market Revenue, By Services, 2016 – 2028
      • 6.3.8. Italy
        • 6.3.8.1. Italy Market Revenue, By Product, 2016 – 2028
        • 6.3.8.2. Italy Market Revenue, By Services, 2016 – 2028
      • 6.3.9. Spain
        • 6.3.9.1. Spain Market Revenue, By Product, 2016 – 2028
        • 6.3.9.2. Spain Market Revenue, By Services, 2016 – 2028
      • 6.3.10. Rest of Europe
        • 6.3.10.1. Rest of Europe Market Revenue, By Product, 2016 – 2028
        • 6.3.10.2. Rest of Europe Market Revenue, By Services, 2016 – 2028
    • 6.4. Asia Pacific
      • 6.4.1. Asia Pacific Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.4.2. Asia Pacific Market Revenue, By Product, 2016 – 2028
      • 6.4.3. Asia Pacific Market Revenue, By Services, 2016 – 2028
      • 6.4.5. China
        • 6.4.5.1. China Market Revenue, By Product, 2016 – 2028
        • 6.4.5.2. China Market Revenue, By Services, 2016 – 2028
      • 6.4.6. Japan
        • 6.4.6.1. Japan Market Revenue, By Product, 2016 – 2028
        • 6.4.6.2. Japan Market Revenue, By Services, 2016 – 2028
      • 6.4.7. India
        • 6.4.7.1. India Market Revenue, By Product, 2016 – 2028
        • 6.4.7.2. India Market Revenue, By Services, 2016 – 2028
      • 6.4.8. South Korea
        • 6.4.8.1. South Korea Market Revenue, By Product, 2016 – 2028
        • 6.4.8.2. South Korea Market Revenue, By Services, 2016 – 2028
      • 6.4.9. South-East Asia
        • 6.4.9.1. South-East Asia Market Revenue, By Product, 2016 – 2028
        • 6.4.9.2. South-East Asia Market Revenue, By Services, 2016 – 2028
      • 6.4.10. Rest of Asia Pacific
        • 6.4.10.1. Rest of Asia Pacific Market Revenue, By Product, 2016 – 2028
        • 6.4.10.2. Rest of Asia Pacific Market Revenue, By Services, 2016 – 2028
    • 6.5. Latin America
      • 6.5.1. Latin America Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.5.2. Latin America Market Revenue, By Product, 2016 – 2028
      • 6.5.3. Latin America Market Revenue, By Services, 2016 – 2028
      • 6.5.5. Brazil
        • 6.5.5.1. Brazil Market Revenue, By Product, 2016 – 2028
        • 6.5.5.2. Brazil Market Revenue, By Services, 2016 – 2028
      • 6.5.6. Argentina
        • 6.5.6.1. Argentina Market Revenue, By Product, 2016 – 2028
        • 6.5.6.2. Argentina Market Revenue, By Services, 2016 – 2028
      • 6.5.7. Rest of Latin America
        • 6.5.7.1. Rest of Latin America Market Revenue, By Product, 2016 – 2028
        • 6.5.7.2. Rest of Latin America Market Revenue, By Services, 2016 – 2028
    • 6.6. The Middle-East and Africa
      • 6.6.1. The Middle-East and Africa Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.6.2. The Middle-East and Africa Market Revenue, By Product, 2016 – 2028
      • 6.6.3. The Middle-East and Africa Market Revenue, By Services, 2016 – 2028
      • 6.6.5. GCC Countries
        • 6.6.5.1. GCC Countries Market Revenue, By Product, 2016 – 2028
        • 6.6.5.2. GCC Countries Market Revenue, By Services, 2016 – 2028
      • 6.6.6. South Africa
        • 6.6.6.1. South Africa Market Revenue, By Product, 2016 – 2028
        • 6.6.6.2. South Africa Market Revenue, By Services, 2016 – 2028
      • 6.6.7. Rest of Middle-East Africa
        • 6.6.7.1. Rest of Middle-East Africa Market Revenue, By Product, 2016 – 2028
        • 6.6.7.2. Rest of Middle-East Africa Market Revenue, By Services, 2016 – 2028
  • Chapter No. 7: Home healthcare Market – Industry Analysis
    • 7.1. Introduction
    • 7.2. Market Drivers
      • 7.2.1. Driving Factor 1 Analysis
      • 7.2.2. Driving Factor 2 Analysis
    • 7.3. Market Restraints
      • 7.3.1. Restraining Factor Analysis
    • 7.4. Market Opportunities
      • 7.4.1. Market Opportunity Analysis
    • 7.5. Porter’s Five Forces Analysis
    • 7.6. PEST Analysis
    • 7.7. Regulatory Landscape
    • 7.8. Technology Landscape
    • 7.9. Regional Market Trends
      • 7.9.1. North America
      • 7.9.2. Europe
      • 7.9.3. Asia Pacific
      • 7.9.4. Latin America
      • 7.9.5. The Middle-East and Africa
    • 7.10. Pricing Analysis
    • 7.11. Value Chain Analysis
    • 7.12. Downstream Buyers
    • 7.13. Distributors/Traders List
  • Chapter No. 8: Competitive Landscape
    • 8.1. Company Market Share Analysis – 2019
      • 8.1.1. Global Home healthcare Market: Company Market Share, 2019
      • 8.1.2. Global Home healthcare Market, Company Market Revenue, 2016 – 2019 (USD Billion)
      • 8.1.3. Global Home healthcare Market, Company Y-o-Y Growth, 2017 – 2019 (%)
      • 8.1.4. Global Home healthcare Market: Radar Determinant Chart, 2019
    • 8.2. Strategic Developments
      • 8.2.1. Acquisitions & Mergers
      • 8.2.2. New Product Launch
      • 8.2.3. Regional Expansion
    • 8.3. Company Strategic Developments – Heat Map Analysis
  • Chapter No. 9: Company Profiles
    • 9.1. 3M Health Care
      • 9.1.1. Company Overview
      • 9.1.2. Key Executives
      • 9.1.3. Product Portfolio
      • 9.1.4. Financial Overview
      • 9.1.5. Operating Business Segments
      • 9.1.6. Business Performance
      • 9.1.7. Recent Developments
    • 9.2. Bayer AG
    • 9.3. Abbott Laboratories
    • 9.4. Cardinal Health
    • 9.5. GE Healthcare
    • 9.6. Johnson & Johnson Services, Inc.
    • 9.7. Gentiva Health Services, Inc.
    • 9.8. Invacare Corporation
    • 9.9. F. Hoffmann-La Roche Ltd.
    • 9.10. Phillips Healthcare
    • 9.11 Medtronic, Inc.
  • Chapter No. 10: Marketing Strategy Analysis
    • 10.1. Marketing Channel
    • 10.2. Direct Marketing
    • 10.3. Indirect Marketing
    • 10.4. Marketing Channel Development Trends
    • 10.5. Economic/Pulitical Environmental Change
  • Chapter No. 11: Research Methodology
    • 11.1. Research Methodology
    • 11.2. Phase I - Secondary Research
    • 11.3. Phase II - Data Modeling
      • 11.3.1. Company Share Analysis Model
      • 11.3.2. Revenue Based Modeling
    • 11.4. Phase III - Primary Research
    • 11.5. Research Limitations
      • 11.5.1. Assumptions

Table Of Figures

List of Figures 

FIG NO. 1. Market Attractiveness Analysis, By Product
FIG NO. 2. Market Attractiveness Analysis, By Services
FIG NO. 3. Market Attractiveness Analysis, By Region
FIG NO. 4. Global Home healthcare Market Revenue, 2016 – 2028 (USD Billion)
FIG NO. 5. Impact of COVID-19 Pandemic in North America Countries
FIG NO. 6. Market Revenue Share, By Product, 2020 & 2028 
FIG NO. 7. Global Home healthcare Market for Diagnostics and monitoring home devices, Revenue (USD Billion) 2016 – 2028
FIG NO. 8. Comparative Revenue Analysis of Home healthcare Market for Diagnostics and monitoring home devices, By Country, 2020 & 2028
FIG NO. 9. Global Home healthcare Market for Therapeutics home healthcare devices, Revenue (USD Billion) 2016 – 2028
FIG NO. 10. Comparative Revenue Analysis of Home healthcare Market for Therapeutics home healthcare devices, By Country, 2020 & 2028
FIG NO. 11. Global Home healthcare Market for Home mobility assist devices, Revenue (USD Billion) 2016 – 2028
FIG NO. 12. Comparative Revenue Analysis of Home healthcare Market for Home mobility assist devices, By Country, 2020 & 2028
FIG NO. 13. Global Home healthcare Market for Medical supplies, Revenue (USD Billion) 2016 – 2028
FIG NO. 14. Comparative Revenue Analysis of Home healthcare Market for Medical supplies, By Country, 2020 & 2028
FIG NO. 15. Market Revenue Share, By Services, 2020 & 2028
FIG NO. 16. Global Home healthcare Market for Rehabilitation services, Revenue (USD Billion) 2016 – 2028
FIG NO. 17. Comparative Revenue Analysis of Home healthcare Market for Rehabilitation services, By Country, 2020 & 2028 
FIG NO. 18. Global Home healthcare Market for Telehealth and telemedicine services, Revenue (USD Billion) 2016 – 2028
FIG NO. 19. Comparative Revenue Analysis of Home healthcare Market for Telehealth and telemedicine services, By Country, 2020 & 2028
FIG NO. 20. Global Home healthcare Market for Infusion therapy services, Revenue (USD Billion) 2016 – 2028 
FIG NO. 21. Comparative Revenue Analysis of Home healthcare Market for Infusion therapy services, By Country, 2020 & 2028
FIG NO. 22. Global Home healthcare Market for Respiratory therapy services, Revenue (USD Billion) 2016 – 2028
FIG NO. 23. Comparative Revenue Analysis of Home healthcare Market for Respiratory therapy services, By Country, 2020 & 2028
FIG NO. 24. Global Home healthcare Market for Unskilled home healthcare services, Revenue (USD Billion) 2016 – 2028
FIG NO. 25. Comparative Revenue Analysis of Home healthcare Market for Unskilled home healthcare services, By Country, 2020 & 2028
FIG NO. 26. Global Home healthcare Market Revenue Share, By Region, 2020 & 2028
FIG NO. 27. North America Home healthcare Market Revenue, 2016 - 2028 (USD Billion)
FIG NO. 28. Porter’s Five Forces Analysis for Global Home healthcare Market
FIG NO. 29. PEST Analysis for Global Home healthcare Market
FIG NO. 30. Pricing Analysis for Global Home healthcare Market
FIG NO. 31. Value Chain Analysis for Global Home healthcare Market
FIG NO. 32. Company Share Analysis, 2019
FIG NO. 33. Radar Determinant Chart, 2019
FIG NO. 34. Company Strategic Developments – Heat Map Analysis
FIG NO. 35. 3M Health Care Business Segment Revenue Share, 2020 (%)
FIG NO. 36. 3M Health Care Geographical Segment Revenue Share, 2020 (%)
FIG NO. 37. Market Channels
FIG NO. 38. Marketing Channel Development Trend
FIG NO. 39. Growth in World Gross Product, 2008-2018
FIG NO. 40. Research Methodology – Detailed View
FIG NO. 41. Research Methodology


Table Of Tables

List of Tables 

TABLE NO. 1. Global Home healthcare Market: Snapshot
TABLE NO. 2. Quarterly Home healthcare Market Revenue by Region, 2020
TABLE NO. 3. Quarterly Home healthcare Market Revenue Forecast by Region, 2021
TABLE NO. 4. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Billion) 
TABLE NO. 5. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Billion) 
TABLE NO. 6. Global Home healthcare Market for Diagnostics and monitoring home devices, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 7. Global Home healthcare Market for Therapeutics home healthcare devices, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 8. Global Home healthcare Market for Home mobility assist devices, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 9. Global Home healthcare Market for Medical supplies, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 10. Global Home healthcare Market for Rehabilitation services, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 11 Global Home healthcare Market for Telehealth and telemedicine services, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 12. Global Home healthcare Market for Infusion therapy services, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 13. Global Home healthcare Market for Respiratory therapy services, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 14. Global Home healthcare Market for Unskilled home healthcare services, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 15. Global Home healthcare Market Revenue, By Region, 2016 – 2028 (USD Billion)
TABLE NO. 16. North America Home healthcare Market Revenue, By Country, 2016 – 2028 (USD Billion)
TABLE NO. 17. North America Home healthcare Market Revenue, By Product, 2016 – 2028 (USD Billion)
TABLE NO. 18. North America Home healthcare Market Revenue, By Services, 2016 – 2028 (USD Billion)
TABLE NO. 19. U.S. Home healthcare Market Revenue, By Product, 2016 – 2028 (USD Billion)
TABLE NO. 20. U.S. Home healthcare Market Revenue, By Services, 2016 – 2028 (USD Billion)
TABLE NO. 21. Canada Home healthcare Market Revenue, By Product, 2016 – 2028 (USD Billion)
TABLE NO. 22. Canada Home healthcare Market Revenue, By Services, 2016 – 2028 (USD Billion)
TABLE NO. 23. Mexico Home healthcare Market Revenue, By Product, 2016 – 2028 (USD Billion)
TABLE NO. 24. Mexico Home healthcare Market Revenue, By Services, 2016 – 2028 (USD Billion)
TABLE NO. 25. Drivers for the Home healthcare Market: Impact Analysis
TABLE NO. 26. Restraints for the Home healthcare Market: Impact Analysis
TABLE NO. 27. Major Buyers of Home healthcare  
TABLE NO. 28. Distributors/Traders List of Home healthcare
TABLE NO. 29. Global Home healthcare Market, Company Market Revenue, 2016 – 2019 (USD Billion)
TABLE NO. 30: Global Home healthcare Market, Company Y-o-Y Growth, 2017 – 2019 (USD Billion)   


 

Methodology

This report is based on in-depth qualitative and quantitative analyses of the global Home Healthcare market. Zion Research has collected and analyzed key data belong to the global Home Healthcare market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.

The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined afterconducting a detailed study of the micro and macroeconomic indicators of the market.

Various parameters have been taken into account, while estimating market size. The revenue generated by the leading industry participants in from the sales of Home Healthcare across the world has been calculated through primary and secondary research.

Zion Research employs combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include, STATISTA, trade journals, trade associations, statistical data from government websites, etc. 

For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assistedin validation of findings from secondary research and to understand key trends in the Home Healthcare industry. Primary research makes up major source of data collection and validation.   

Primary Research

We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:

  • Provides firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
  • Helps in validating and strengthening the secondary research findings
  • Further develops the analysis team’s expertise and market understanding
  • Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

Participants who typically participate in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts and research analysts specializing in specific markets

Key opinion leaders specializing in different areas corresponding to different industry verticals

Secondary Research

Secondary research sources that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • IDC and other relevant magazines
  • Internal and external proprietary databases, and relevant patent and regulatory databases
  • National government documents, statistical databases and market reports

News articles, press releases and webcasts specific to companies operating in the market

Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Home Healthcare market.

Models

Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:

  • Demographic data: Population split by segments
  • Macroeconomic indicators: GDP, PPP, Per Capita Income, etc.
  • Industry indicators: Expenditure, technology stage and infrastructure, sector growth and facilities
  • Data is then cross-checked by an expert panel.

Free Analysis

Home healthcare can be referred as home medical care or formal care. Home health care usually involves helping someone to recover from an illness or injury and live independently for as long as possible. Home health care includes occupational and physical therapy and skilled nursing. It can also involve helping older adults with activities of daily living, such as bathing, dressing, and eating. Further, it involves assistance with cooking, cleaning, other housekeeping, and monitoring one’s medication schedule. Entirely the aim of home healthcare is to treat an illness or injury.

Growing global geriatric population, increasing the incidence of chronic disease, favorable government initiatives, and growing demand for affordable health care delivery systems are the key factors fueling demand of home health care services. In addition, growing healthcare costs and increasing health awareness among people, is expected to trigger the growth of this industry in the years to come. Favorable reimbursement policies coupled with the presence of a large number of small scale and large scale healthcare service has provided the strong boost to the home healthcare market in North America. However, varying reimbursement policies, limited coverage, and patient safety concerns are some of the factors which curtail the growth of this market.

Global home healthcare market

The home healthcare market is segmented on the basis of different products into diagnostics and monitoring devices, therapeutics devices, medical supplies and home mobility assists devices. In 2015, a diagnostic and monitoring device was the largest segment in the home healthcare market and accounted for around 36.46% share of the total market. This segment is expected to continue its dominance in the global market throughout the forecast period. Medical supply was another key outlet for this market in 2015. It is expected to grow at a moderate rate in the forecast period. The therapeutic device is also one of the lucrative product segments in 2015.

Services segments of home healthcare market include rehabilitation services, telehealth and telemedicine services, infusion therapy services, respiratory therapy services and unskilled home healthcare services. Rehabilitation service  was leading segment in the home healthcare market and accounted for 30.13% market share of a total market in 2015. Telehealth and telemedicine and respiratory therapy services sector are also expected to show strong growth in the coming years.

North America, Europe, Asia-Pacific, Latin America and the Middle East & Africa are key regional markets for the home healthcare market. Demand for home healthcare was highest in North America. In terms of revenue, Europe acquired the second largest share of the market globally in 2015. Asia Pacific expected to be the fastest growing region due to emerging healthcare sector and growing population.

Some of the major industry participants in home healthcare market includes 3M Health Care, Bayer AG, Abbott Laboratories, Cardinal Health, Inc., GE Healthcare, Johnson & Johnson Services, Inc., Gentiva Health Services, Inc., Invacare Corporation, F. Hoffmann-La Roche Ltd., Phillips Healthcare, Medtronic, Inc. and Omron Healthcare, Inc.

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FrequentlyAsked Questions

The global Home healthcare Market was valued at USD 370.7 Billion in 2020.

The global Home healthcare Market is expected to reach USD 839.0 Billion by 2028, growing at a CAGR of 10.1% between 2021 to 2028.

Some of the key factors driving the global Home healthcare Market growth are increasing geriatric population, rising healthcare costs and technological advancements in healthcare devices.

North America is expected to remain the dominant region over the forecast period. North America followed by Europe and Asia-Pacific in terms of demand for home healthcare.

Some of the major players of global Home healthcare market 3M Health Care, Bayer AG, Abbott Laboratories, Cardinal Health, Inc., GE Healthcare, Johnson & Johnson Services, Inc., Gentiva Health Services, Inc., Invacare Corporation, F. Hoffmann-La Roche Ltd., Phillips Healthcare, Medtronic, Inc. and Omron Healthcare, Inc. among others.

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