How Will the Home Healthcare Market Grow? Key Trends and Opportunities for 2025 and Beyond
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How has the home healthcare market grown over the years?
The size of the home healthcare market has seen significant growth over the recent years. It is projected to increase from $385.96 billion in 2024 to $422.62 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 9.5%. The historic period’s expansion is due to factors such as an aging population, the rise in chronic diseases, affordable alternatives, preference for homecare by patients, government policies, and a skilled healthcare workforce.
What Is the forecasted market size and growth rate for the home healthcare market?
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What are the major factors driving growth in the home healthcare market?
The surge in the elderly population is a considerable factor propelling the expansion of the home healthcare market. The growth in this demographic leads to a greater need for healthcare, given that older individuals are more susceptible to chronic illnesses. This raises the overall demand for various home health services, leading to a reduction in unnecessary travel, hospital admissions, and other similar instances. As noted by the United Nations, a U.S. based intergovernmental organization, in January 2023, the worldwide population of those aged 65 years or more stood at 761 million in 2021. Further, this figure is forecasted to rise to 1.6 billion by 2050. Therefore, the significant surge in the elderly population is instrumental in driving the growth of the home healthcare market.
What key areas define the segmentation of the global home healthcare Market?
The home healthcare market covered in this report is segmented –
1) By Equipment: Therapeutic, Diagnostic, Mobility Care
2) By Services: Rehabilitation Services, Respiratory Therapy Services, Infusion Therapy Services, Other Services
3) By Indication: Cardiovascular Disorders And Hypertension, Diabetes, Respiratory Diseases, Pregnancy, Cancer, Wound Care, Other Indications
Subsegments:
1) By Therapeutic: Oxygen Therapy Equipment (Concentrators, Tanks), Infusion Pumps, Nebulizers, CPAP Machines, Home Dialysis Machines
2) By Diagnostic: Blood Glucose Monitors, Blood Pressure Monitors, Thermometers, Pulse Oximeters, Home Cholesterol Test Kits
3) By Mobility Care: Wheelchairs (Manual And Electric), Walkers And Rollators, Crutches, Mobility Scooters, Lift Chairs
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What are the top market players propelling the growth of the home healthcare industry?
Major companies operating in the home healthcare market include CVS Health Corporation, McKesson Corporation, MediCar Home Health Services Inc., Humana Inc., Fresenius SE & Co. KGaA, Medline Industries LP, Becton Dickinson and Company, Koninklijke Philips N.V., Baxter International Inc., B. Braun Melsungen AG, Kindred Healthcare Inc., Encompass Health Corporation, ResMed Inc., Brookdale Senior Living Inc., Maxim Healthcare Services Inc., Amedisys Inc., AccentCare Inc., OMRON Healthcare Inc. (Omron Corporation), LHC Group Inc., Enhabit Home Health & Hospice LLC, Addus HomeCare Corporation, Invacare Corporation, Zorgers, American Well Corporation, Honor Home Care Inc.,A&D Company Limited, Grand World Elder Care, Sunrise Senior Living LLC
What are the key trends shaping the future of the home healthcare market?
The home healthcare market is dominated by leading corporations such as CVS Health Corporation, McKesson Corporation, MediCar Home Health Services Inc., Humana Inc., Fresenius SE & Co. KGaA, Medline Industries LP, Becton Dickinson and Company, Koninklijke Philips N.V., Baxter International Inc., B. Braun Melsungen AG, Kindred Healthcare Inc., Encompass Health Corporation, ResMed Inc., Brookdale Senior Living Inc., Maxim Healthcare Services Inc., Amedisys Inc., AccentCare Inc., OMRON Healthcare Inc. (Omron Corporation), LHC Group Inc., Enhabit Home Health & Hospice LLC, Addus HomeCare Corporation, Invacare Corporation, Zorgers, American Well Corporation, Honor Home Care Inc.,A&D Company Limited, Grand World Elder Care, Sunrise Senior Living LLC
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What regions are dominating the home healthcare market growth?
North America was the largest region in the home healthcare market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the home healthcare market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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