Home Healthcare

Home Healthcare Market Research Report: Forecast (2021-2026)

By Product (Testing, Screening, & Monitoring Products [Blood Glucose Monitors, Blood Pressure Monitors, Pulse Oximeters, Sleep Monitoring Devices, Activity Monitors & Wristbands, Temperature Monitors, Read more

  • Healthcare
  • Jun 2021
  • 246
  • HC22067

Market Overview

Home healthcare offers professional support services to an individual for them to live safely in their home. Professional caregivers include nurses and therapists that can provide short-term or long-term care at home according to the parson’s requirement.

According to MarkNtel Advisors’ research report, “Global Home Healthcare Market Analysis, 2021,” the market is likely to grow at a CAGR of around 9.5% during 2021-26 due to the rising aging population, surging prevalence of chronic diseases, such as diabetes, ostomy, ulcers, etc. Further, a gradual shift in delivering traditional healthcare services to homecare is another factor driving the market. Additionally, integration of medical devices and software, increase in the use of IoT in the medical field, and mounting adoption of remote monitoring solution presents lucrative opportunities to fuel the overall growth of the Home Healthcare Market across the globe.

Report Coverage Details
Study Period Historical Data: 2016-19
Base Year: 2020
Forecast Period: 2021-26
CAGR (2021-2026) 9.5%
Regions Covered North America: USA, Canada, Mexico
Europe: Germany, UK, France, Italy, Spain, Russia, The Netherlands
Asia-Pacific: China, India, Japan, South Korea, Australia and Others
South America: Brazil, and Argentina
Middle East & Africa: UAE, Saudi Arabia, South Africa
Key Companies Profiled Fresenius SE & Co. KGaA, GE Healthcare, Linde plc, F. Hoffmann-La Roche Ltd, Amedisys, Kindred at Home, LHC Group, Inc., Asensus Surgical, Inc., Caremax Rehabilitation Equipment Co., Ltd, Vitalograph, Advita Pflegedienst GmbH, RENAFAN GmbH
Unit Denominations USD Million/Billion

 

Impact of COVID-19

The outbreak of the COVID-19 pandemic has positively impacted the growth of the Global Home Healthcare Market due to the surging demand for home healthcare monitoring devices like pulse oximeters, temperature monitors, blood pressure monitors, and blood glucose monitors. Further, increasing demand for home healthcare providers for the treatment of vulnerable and elderly populations fuels the growth of the Global Home Healthcare Market.

Home Healthcare Market Research Report: Forecast (2021-2026)

Market Segmentation

Services Accounted for the Largest Market Share

Based on the Product, the market bifurcates into Testing, Screening, & Monitoring Products, Health Maintenance and Promotion Devices, Diagnostic Devices, IT & Software, and Services. Among these segments, Services captured a significant share in the Global Home Healthcare Market in the previous few years due to the rising geriatric population worldwide needing healthcare assistance at home. Moreover, for better patient assistance and outcome, the demand for home healthcare services is increasing tremendously. Hence, these factors entwined with the mounting prevalence of chronic diseases are fueling the segment growth, cites MarkNtel Advisors in their research report, “Global Home Healthcare Market Analysis, 2021.”

Chronic Segment Dominated the Market

Based on the Purpose, the market segments into Chronic, Infectious, and Nutrition & General Consultancy. In the past few years, the Chronic segment generated the highest revenue in the Global Home Healthcare Market. The segment growth owes to the rising prevalence of chronic diseases, increasing aging population, and massive healthcare costs. The adoption of home healthcare services is beneficial for preventing complications and recovers if complications occur. It also helps in providing home care aides and assistance whenever needed.

Regional Landscape

North America Attained the Highest Market Share

Geographically, North America held the largest share in the Global Home Healthcare Market in the previous few years due to the increasing prevalence of chronic diseases entwined with the surging overall elderly population. In addition to this, high disposable income, advanced healthcare infrastructure, and high healthcare expenditure are other critical aspects factors fueling the market growth in North America.

Market Driver

Rising Geriatric Population Boost the Market Growth 

The surging geriatric population accelerates the demand for home healthcare solutions and services; the elderly population is more prone to chronic diseases and cannot visit clinics or hospitals frequently. Home healthcare is beneficial for enhancing the overall access to healthcare services while reducing hospital readmissions.

Competitive Landscape

According to MarkNtel Advisors, the major leading players in the Global Home Healthcare market are Fresenius SE & Co. KGaA, GE Healthcare, Linde plc, F. Hoffmann-La Roche Ltd, Amedisys, Kindred at Home, LHC Group, Inc., Asensus Surgical, Inc., Caremax Rehabilitation Equipment Co., Ltd, Vitalograph, advita Pflegedienst GmbH, and RENAFAN GmbH.

Key Questions Answered in the Market Research Report:

  1. What are the overall market statistics or estimates (Market Overview, Market Size- by Value, Forecast Numbers, Market Segmentation, and Market Shares) of the Global Home Healthcare Market?
  2. What is the region-wise industry size, growth drivers, and challenges?
  3. What are the key innovations, opportunities, current & future trends, and regulations in the Global Home Healthcare Market? 
  4. Who are the key competitors, their key strengths & weaknesses, and how they perform in the Global Home Healthcare Market based on a competitive benchmarking matrix?
  5. What are the key results derived from the market surveys conducted during the Global Home Healthcare Market study?

Market Outlook, Segmentation and Statistics 

  • Impact of COVID-19 on Global Home Healthcare Market
  • Market Size & Analysis
    • By Revenue
  • Market Share & Analysis
    • By Product
      • Testing, Screening, & Monitoring Products
        • Blood Glucose Monitors
        • Blood Pressure Monitors
        • Pulse Oximeters
        • Sleep Monitoring Devices
        • Activity Monitors & Wristbands
        • Temperature Monitors
        • Others (Coagulation Monitoring Products, Ovulation and Pregnancy Test Kits, Cholesterol Monitoring Devices etc)
      • Health Maintenance and Promotion Devices
        • Dental Connected Devices
        • Acoustic and Ear Buds
        • Location Tracker Devices
        • Connection Hub Devices
        • Mental Health Promotion Devices
        • Elderly Assistance Devices
        • Nutrition Management Devices
        • Air Quality and Humidification Devices
        • Pain Management Devices
        • Other Devices
      • Diagnostic Devices
      • IT and Software
      • Services (Including SaaS)
        • Monitoring and Diagnostic Devices
        • Health Maintenance and Promotion
        • Patient Caregiving
          1. Assistive Care
          2. Nursing Care
        • Maternity and Child Care
        • Elderly Care
        • Big Data, Storage, and Analytics
        • Security and Value-Added Services
    • By Purpose
      • Chronic
      • Infectious
      • Nutrition & General Consultancy
    • By End User
      • Independent Homes/Villas
      • Elderly Care Homes
      • Others
    • By Region
      • North America
      • South America
      • Europe
      • Middle East & Africa
      • Asia-Pacific
    • By Competitors
      • Competition Characteristics
      • Market Share & Analysis
      • Competitive Metrix
  • Global Home Healthcare Market Hotspots & Opportunities
  • Global Home Healthcare Market Regulations & Policy
  • Key Strategic Imperatives for Success and Growth
  • Global Competition Outlook
    • Competition Matrix
    • Company Profile

Frequently Asked Questions

A. The Global Home Healthcare Market is forecast to grow at a CAGR of 9.5% during 2021-26.

A. Fresenius SE & Co. KGaA, GE Healthcare, Linde plc, F. Hoffmann-La Roche Ltd, Amedisys, Kindred at Home, LHC Group, Inc., Asensus Surgical, Inc., Caremax Rehabilitation Equipment Co., Ltd, Vitalograph, advita Pflegedienst GmbH, RENAFAN GmbH are a few leading players in the Global Home Healthcare Market.

A. The Services segment is likely to attain the highest CAGR and maintain its significant market share during the forecast period.

A. North America continues to grow at the highest CAGR during 2021-26, thereby presenting immense opportunities to market players of the Global Home Healthcare Market.

A. The surging geriatric population and rising prevalence of chronic diseases accelerate the market growth. Home healthcare is beneficial for enhancing the overall access to healthcare services while reducing hospital readmissions.

A. The outbreak of the COVID-19 pandemic has positively impacted the growth of the Global Home Healthcare Market due to the surging demand for home healthcare monitoring devices like pulse oximeters, temperature monitors, blood pressure monitors, and blood glucose monitors.

  1. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
    4. Market Definition
  2. Executive Summary
  3. Impact of COVID-19 on Global Home Healthcare Market
  4. Global Home Healthcare Market Regulations & Policy
  5. Global Home Healthcare Market Trends & Insights
  6. Global Home Healthcare Market Dynamics
    1. Drivers
    2. Challenges
    3. Impact Analysis
  7. Global Home Healthcare Market Hotspots & Opportunities
  8. Global Home Healthcare Market Start-Up Ecosystem, 2016-2021
    1. Entrepreneurial Activity
    2. Year on Year Funding Received
    3. Funding Received by Top Companies
    4. Key Investors Active in the Market
    5. Series Wise Funding Received
      1. Seed Funding
      2. Angel Investing
      3. Venture Capitalists (VC) Funding
      4. Others
  9. Global Home Healthcare Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. By Revenues
    2. Market Share & Analysis
      1. By Product
        1. Testing, Screening, & Monitoring Products
          1. Blood Glucose Monitors
          2. Blood Pressure Monitors
          3. Pulse Oximeters
          4. Sleep Monitoring Devices
          5. Activity Monitors & Wristbands
          6. Temperature Monitors
          7. Others (Coagulation Monitoring Products, Ovulation and Pregnancy Test Kits, Cholesterol Monitoring Devices etc)
        2. Health Maintenance and Promotion Devices
          1. Dental Connected Devices
          2. Acoustic and Ear Buds
          3. Location Tracker Devices
          4. Connection Hub Devices
          5. Mental Health Promotion Devices
          6. Elderly Assistance Devices
          7. Nutrition Management Devices
          8. Air Quality and Humidification Devices
          9. Pain Management Devices
          10. Other Devices
        3. Diagnostic Devices
        4. IT and Software
        5. Services (Including SaaS)
          1. Monitoring and Diagnostic Devices
          2. Health Maintenance and Promotion
          3. Patient Caregiving
            1. Assistive Care
            2. Nursing Care
          4. Maternity and Child Care
          5. Elderly Care
          6. Big Data, Storage, and Analytics
          7. Security and Value-Added Services
      2. By Purpose
        1. Chronic
        2. Infectious
        3. Nutrition & General Consultancy
      3. By End User
        1. Independent Homes/Villas
        2. Elderly Care Homes
        3. Others
      4. By Region
        1. North America
        2. South America
        3. Europe
        4. Asia Pacific
        5. Middle East and Africa
      5. By Competitors
        1. Competition Characteristics
        2. Market Share & Analysis
        3. Competitive Matrix
  10. North America Home Healthcare Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. By Revenues
    2. Market Share & Analysis
      1. By Product
      2. By Purpose
      3. By End Users
      4. By Country
        1. The U.S.
        2. Canada
        3. Mexico
    3. The U.S. Home Healthcare Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenues
      2. Market Share & Analysis
        1. By Product
        2. By Software
      3. Key Opportunities
      4. Key Trends
    4. Canada Home Healthcare Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenues
      2. Market Share & Analysis
        1. By Product
        2. By Software
      3. Key Opportunities
      4. Key Trends
    5. Mexico Home Healthcare Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenues
      2. Market Share & Analysis
        1. By Product
        2. By Software
  11. South America Home Healthcare Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. By Revenues
    2. Market Share & Analysis
      1. By Product
      2. By Purpose
      3. By End Users
      4. By Country
        1. Brazil
        2. Argentina
    3. Brazil Home Healthcare Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenues
      2. Market Share & Analysis
        1. By Product
        2. By Software
    4. Argentina Home Healthcare Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenues
      2. Market Share & Analysis
        1. By Product
        2. By Software
  12. Europe Home Healthcare Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. By Revenues
    2. Market Share & Analysis
      1. By Product
      2. By Purpose
      3. By End Users
      4. By Country
        1. The U.K.
        2. Germany
        3. France
        4. Russia
        5. Spain
        6. Italy
        7. The Netherlands
    3. The U.K. Home Healthcare Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenues
      2. Market Share & Analysis
        1. By Product
        2. By Purpose
      3. Key Opportunities
      4. Key Trends
    4. Germany Home Healthcare Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenues
      2. Market Share & Analysis
        1. By Product
        2. By Purpose
      3. Key Opportunities
      4. Key Trends
    5. France Home Healthcare Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenues
      2. Market Share & Analysis
        1. By Product
        2. By Purpose
      3. Key Opportunities
      4. Key Trends
    6. Russia Home Healthcare Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenues
      2. Market Share & Analysis
        1. By Product
        2. By Purpose
      3. Key Opportunities
      4. Key Trends
    7. Spain Home Healthcare Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenues
      2. Market Share & Analysis
        1. By Product
        2. By Purpose
      3. Key Opportunities
      4. Key Trends
    8. Italy Home Healthcare Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenues
      2. Market Share & Analysis
        1. By Product
        2. By Purpose
      3. Key Opportunities
      4. Key Trends
    9. Spain Home Healthcare Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenues
      2. Market Share & Analysis
        1. By Product
        2. By Purpose
      3. Key Opportunities
      4. Key Trends
    10. The Netherlands Home Healthcare Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenues
      2. Market Share & Analysis
        1. By Product
        2. By Purpose
      3. Key Opportunities
      4. Key Trends
  13. Asia-Pacific Home Healthcare Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. By Revenues
    2. Market Share & Analysis
      1. By Product
      2. By Purpose
      3. By End Users
      4. By Country
        1. China
        2. India
        3. Japan
        4. South Korea
        5. Australia
    3. China Home Healthcare Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenues
      2. Market Share & Analysis
        1. By Product
        2. By Purpose
      3. Key Opportunities
      4. Key Trends
    4. India Home Healthcare Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenues
      2. Market Share & Analysis
        1. By Product
        2. By Purpose
      3. Key Opportunities
      4. Key Trends
    5. Japan Home Healthcare Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenues
      2. Market Share & Analysis
        1. By Product
        2. By Purpose
      3. Key Opportunities
      4. Key Trends
    6. South Korea Home Healthcare Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenues
      2. Market Share & Analysis
        1. By Product
        2. By Purpose
      3. Key Opportunities
      4. Key Trends
    7. Australia Home Healthcare Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenues
      2. Market Share & Analysis
        1. By Product
        2. By Purpose
  14. Middle East and Africa Home Healthcare Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. By Revenues
    2. Market Share & Analysis
      1. By Product
      2. By Purpose
      3. By End Users
      4. By Country
        1. UAE
        2. Saudi Arabia
        3. South Africa
    3. UAE Home Healthcare Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenues
      2. Market Share & Analysis
        1. By Product
        2. By Purpose
    4. Saudi Arabia Home Healthcare Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenues
      2. Market Share & Analysis
        1. By Product
        2. By Purpose
    5. South Africa Home Healthcare Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenues
      2. Market Share & Analysis
        1. By Product
        2. By Purpose
  15. Global Home Healthcare Market Key Strategic Imperatives for Success and Growth
  16. Competition Outlook
    1. Competition Matrix
      1. Brand Specialization
      2. Target Markets
      3. Target End Users
      4. Research & Development
      5. Strategic Alliances
      6. Strategic Initiatives
    2. Company Profiles
      1. Fresenius SE & Co. KGaA
      2. GE Healthcare
      3. Linde plc
      4. F. Hoffmann-La Roche Ltd
      5. Amedisys
      6. Kindred at Home
      7. LHC Group, Inc.
      8. Asensus Surgical, Inc.
      9. Caremax Rehabilitation Equipment Co., Ltd
      10. Vitalograph
      11. advita Pflegedienst GmbH
      12. RENAFAN GmbH
  17. Disclaimer
Global Home Healthcare Market Segmentation