Home Healthcare Market: By Products (Dialysis, Diabetes, Drug Delivery, Essential, Mobility, Respiratory & Others); Services (Rehabilitation, Skilled, Unskilled, Virtual, Hospice, Companion, Social & Others) - Forecast (2019 - 2025)

Report Code : HCR 0004 Format Type: PDF+ Excel Database

Home Healthcare Market Overview:

According to the World Health Organization (WHO), cancer, diabetes, lung, and heart diseases are responsible for the death of 41 million people annually, accounting for 71% of the deaths globally[1].  While the figures are disquieting, and the prevalence of fatalities due to these diseases is a major concern to the healthcare sector, the people suffering from such diseases prefer in-home care that is creating a myriad of opportunities in the home healthcare market. The global home healthcare market size hovered between $230 billion to $248 billion as of 2018. Furthermore, the demand for home healthcare will observe a remarkable CAGR of 7.2% to 8% during the forecast period of 2019 to 2025.

North America boasts of the most advanced healthcare facilities that also include home healthcare services and products. Additionally, there is a discernible escalation in the number of people suffering from various diseases, which is coupled with the better insurance policies pertaining to healthcare in the region that enable people to get access to home healthcare services. Owing to the fact that home healthcare market in both the forms – devices and services, is booming in North American countries, the region held the maximum market share that was assessed between 38% and 45% in 2018.  
Home Healthcare Market Outlook:

Home healthcare refers to the supportive care such as domiciliary care, custodial care, or non-medical care provided at home by registered nurses (RNs), licensed practical nurses (LPN's), occupation therapists (OTs), and physical therapists (PTs). The home healthcare market is segmented on the basis of the type of services provided that may include social care, hospice, and even virtual care. However, the most sought after home healthcare service is in-home rehabilitation.
The prominence of rehabilitation service in the home healthcare market largely attributes to the high-end niches in addiction that include drugs, nicotine, and alcohol. Furthermore, WHO documents rehabilitation as the most beneficial form of treatment for severe levels of disabilities. In addition to that, such disabilities have increased by 183 million today as compared to 2005[2].  Apparently, people who suffer from addiction or disabilities are found to recover faster at home, and so, they prefer home healthcare for treatment. The application of home healthcare in rehabilitation will grow with a staggering 55% to 58% through to 2025. 
Home Healthcare Market Growth Drivers:

  • The Growing Geriatric Population – 
The most important factor responsible for creating opportunities in the home healthcare market is the growth in the number of aged people across the globe. This resonates with the findings by the United Nations that there were 962 million people aged over 60 globally in 2017. Moreover, the organization projects that the figure will catapult to 2.1 billion in 2050[3].  These aged people suffer from a gamut of geriatric conditions that may or may not require hospital infrastructure. So, a fraction of these people opts for home healthcare. The number of aged people will keep on increasing between the forecast period of 2019 to 2025 which will significantly support the home healthcare market.

  • The Rise in the Disposable Personal Income –
According to the Organization for Economic Co-operation and Development (OECD), the average net-adjusted disposable personal income of the top 20% of the world’s population is estimated to be $64,103 a year. On the other hand, the bottom 20% bear $10,045 a year[4].  This disposable household income chiefly allows people to manage expenditure in the healthcare sector. Each year, the disposable income rises, thereby increasing the affordability factor in the services and devices associated with home healthcare. More people are now able to get access to home healthcare services which is making up for the thriving home healthcare market.

  • Governments Supporting Home Healthcare – 
Living independently at home with chronic disorders or some kind of disability is very difficult. So, a lot of federal, state, and local governments especially that of the healthy economies, are taking initiatives that are supporting the home healthcare sector. There is a lot of government-run waiver program envisioned to provide quality home healthcare services to individuals. These programs that also include insurance benefits for low-income residents are bringing upon a tectonic shift in the healthcare sector, and the future is projected to observe massive opportunities for the vendors in the home healthcare market. 
Home Healthcare Market Trends:

In 2018, home healthcare market observed 21 publicly announced deals with 12 acquisitions in Q2 2017. The deals included Wellsky’s acquisition of Console Services Group with a vision of expanding the company’s portfolio in hospice. 
Latest Trend – The forecast period will observe the home healthcare market to be more inclined towards skilled and professional care rather than the non-skilled one. So, the care will get more specialized and clinical as compared to now. 
Home Healthcare Market Challenges: 

The major challenge in front of the vendors providing home healthcare services is the dearth of skilled HCPs that can suffice the competency level which is a prerequisite in the in-home care services. This is particularly needed because the home healthcare practitioners work in remote areas and are generally away from their superior physicians. This needs extra expertise and an experienced hand in order to provide the patient with appropriate treatment. It is difficult for the vendors to create a team of such skilled HCPs which is being detrimental to the customer-trust factor. However, the forecast period is expected to observe the emergence of a large number of proficient staff which will be coupled with more customers that will opt for in-home care. 
Home Healthcare Market Key Players Perspective: 

The key players crusading for home healthcare market share are Apple Home Healthcare., Home Health Care, Inc., Home Healthcare Solutions, OMRON Corporation., Kindred Healthcare, Inc., Portea Medical, Koninklijke Philips N.V., Air Liquide,  Kinnser Software, Inc., LHC Group, Inc., National HealthCare Corporation., Sunrise Medical (US) LLC, Arcadia.io., B. Braun Melsungen AG, Amedisys, BPL Medical Technologies, DaVita Inc., Diaverum, Cardinal Health, Medtronic, and others. 
Home Healthcare Market Research Scope: 

The base year of the study is 2018, with forecast done up to 2025. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the home healthcare market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the types of home healthcare market, and its segmentation on the basis of products that include dialysis, diabetes, drug delivery, essential, mobility, and respiratory machines. 
Home Healthcare Market Report: Industry Coverage 

The report analyses the product demands by the Home Healthcare market on the basis of services that include rehabilitation, skilled, unskilled, virtual, hospice, companion, and social care.

The home healthcare market report also analyzes the major geographic regions as well as the major countries in these regions. The regions and countries covered in the study include:

  • North America: The U.S., Canada, Mexico
  • South America: Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, Costa Rica
  • Europe: The U.K., Germany, Italy, France, the Netherlands, Belgium, Spain, Denmark
  • APAC: China, Japan, Australia, South Korea, India, Taiwan, Malaysia, Hong Kong
  • Middle East and Africa: Israel, South Africa, Saudi Arabia

Key Questions Addressed in the Home Healthcare Market Report

Is the market demand for home healthcare growing? How long will it continue to grow and at what rate? 
Is there a possibility for change in the market structure over time? 
Are additional developments needed for the existing product or services offerings or do the existing products meet the customer demands? 
Do the key vendors look for partnerships to expand their businesses with respect to geography or product? 
What are the short-term, long-term, and medium-term growth drivers for the market? 
What are the short-term, medium-term, and long-term challenges for the market? 
What are the short-term, medium-term, and long-term opportunities for the market 
Who are the top players/companies of the market? 
What are the recent innovations in the market? 
How many patents have been filed by the leading players? 
What are the types of patents filed by the leading players? 
What is our Vision 2030 for home healthcare market?
A Few Focus Points Of This Research Are Given Below:

  • Give a deep-dive analysis of the key operational strategies with focus on the corporate structure, R&D strategies, localization strategies, production capabilities, and sales performance of various companies
  • Provide an overview of the product portfolio, including product planning, development, and positioning
  • Discuss the role of technology companies in partnerships
  • Explore the regional sales activities
  • Analyze the market size and giving the forecast for current and future global home healthcare market during the forecast 2018–2023
  • Analyze the competitive factors, competitors’ market shares, product capabilities, and supply chain structures


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