Home Healthcare Market - Historic Data (2019-2024), Global Trends 2025, Growth Forecasts 2037
Home Healthcare Market in 2025 is evaluated at USD 304.06 billion. The global Market size was around USD 283.64 billion in 2024 and is likely to expand at a CAGR of around 9%, surpassing USD 869.58 billion revenue by 2037. North America is expected to reach USD 373.92 billion by 2037, fueled by increasing chronic conditions and healthcare spending.
This boost is anticipated by the increased boost in target diseases such as dementia and Alzheimer’s. According to a report by the World Health Organization 2023, there are more than 55 million people who have dementia globally and out of this about 60% live in middle and low-income countries.
Home Healthcare Sector: Growth Drivers and Challenges
Growth Drivers
- Increasing awareness of HaH services - The increasing awareness of hospital at-home programs is increasing, due to the increase in bed-ridden patients. According to a survey conducted by the National Library of Medicine in 2022, about 55% of the participants were not aware about HaH services, while 88% of these participants were willing to accept them.
- Rise in elderly population - The older population who highly requires HaH services. According to a report by the World Health Organization in 2022, the population of people over 60 years was estimated to be 1 billion in 2020 and is predicted to cross about 1.4 billion by 2050.
- Increase in the geriatric population - The need for healthcare support for their health issues and needs is increasing along with the increasing demand for healthcare, there is also a greater focus on providing more personalized and better care to elderly patients. According to a report by WHO in 2023, about 4 in 10 patients are harmed in primary and ambulatory settings, while up to 80% (23.6–85%) of this harm can be avoided.
- Rising infections - There is an increase in infectious diseases, based on a report by the World Health Organization (WHO) in 2022, Healthcare-associated infections (HAIs) affect 5 to 10% of patients in developed countries.
Challenges
- Lack of trained and qualified home workers - There is a high demand for skilled home healthcare workers in the home healthcare industry, due to which several home healthcare firms are being turned down. Many home healthcare providers have started training programs for upskilling their work, but it would take ample time to take the lead.
- Limited insurance coverage - for home healthcare, there are several insurance coverages in North America, but they are limited to a few home healthcare organizations that have received certification from Medicare. Equipment that is used for rehabilitation, remote monitoring, telemetry, and multi-parameter monitoring is not covered by insurance.
Home Healthcare Market: Key Insights
| Report Attribute | Details |
|---|---|
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
9% |
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Base Year Market Size (2024) |
USD 283.64 billion |
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Forecast Year Market Size (2037) |
USD 869.58 billion |
|
Regional Scope |
|
Home Healthcare Segmentation
Indications (Neurological & Mental Disorders, Cardiovascular Disorder & Hypertension, Diabetes & Kidney Disorders, Respiratory Diseases & COPD, Maternal Disorders, Cancer, Wound Care)
The neurological & mental disorders segment in home healthcare market is estimated to witness a tremendous growth rate with a share of 31% driven by the increasing prevalence of several neurological disorders such as migraine, Parkinson’s disease, multiple sclerosis, and many more. According to a report by the World Health Organization 2024, a new study by Lancet Neurology estimated that there are more than 3 billion people globally who are suffering from neurological disorders. It is predicted that 1 out of 3 people is affected by this condition.
Component (Therapeutic, Product, Diagnostic, Mobility Care, Rehabilitation Therapy, Services)
The therapeutic segment in home healthcare market is projected to hold the highest influencing segment under the component of home healthcare industry devices. The reason behind this impact is projected by the increase in several conditions, such as respiratory problems, sleep issues, and renal diseases.
According to the European Commission, about 6.7% of all deaths were credited to respiratory systems in 2020. This is a reason behind the increasing awareness regarding healthcare and the usage of several devices such as defibrillators, ventricular assist systems, infusion pumps, pacemakers, and many more.
According to the National Institutes of Health report for 2021, from 2012 to 2018, there has been an increase in public awareness regarding the knowledge of how to use automated external defibrillators (AED), which grew from 4.7% to 20.8%.
Our in-depth analysis of the global market includes the following segments:
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Indication |
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Product |
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Vishnu Nair
Head - Global Business DevelopmentCustomize this report to your requirements — connect with our consultant for personalized insights and options.
Home Healthcare Industry-Regional Synopsis
North American Market Statistics
North America industry is likely to dominate majority revenue share of 43% by 2037. The landscape's substantial growth in the region is expected credited to the surge in chronic illness, and neurology devices, coupled with the geriatric population in this region. According to a report by the Centers for Disease Control and Prevention 2020, more than 51.8% of US adults suffer from 1 chronic condition, and more than 27% are predicted to have multiple chronic conditions.
An increase in healthcare spending in the United States would act as a key growth driver for this market. According to the American Medical Association 2024, U.S. health spending increased by 4% in 2022.
More than 10% of Canadians suffer from neurological disorders, according to a report by the National Institutes of Health 2020, based on Canada’s National Population Health Study about neurological conditions.
APAC Market Analysis
The Asia Pacific region will also encounter a huge influence on the home healthcare market demand during the forecast period and will account for the second position attributed to the increasing aging population. According to the Census 2022, the older population in APAC is expected to be about 20% higher than the total population of the U.S. population.
The growing demand for better medical devices in China is slated to increase. According to a report, China’s medical devices industry is expected to set a share of about USD 36 billion in 2024.
In Japan there is an increase in healthcare expenditures which will increase the market size expansion of the home healthcare sector. According to the Organization for Economic Cooperation and Development (OECD) 2021, there was an increase of about 5.8% of Japan’s GDP is used for health expenditure.
Companies Dominating the Home Healthcare Landscape
- Amedisys
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Abbott
- Addus Homecare
- Brookdale Senior Living Solutions
- Genesis Healthcare, Inc.
- Extendicare, Inc.
- Diversicare Healthcare Services, Inc.
- Home Instead, Inc.
- Atria Senior Living, Inc
- Intersurgical Ltd.
The home healthcare market is predicted that the top five companies would occupy about 20%. Most of these companies are continuously collaborating, expanding, making agreements, and joining ventures for the growth of this revenue share and are estimated to be the major key players in this landscape.
Recent Developments
- Amedisys- collaborated with Optum, which has specialized in providing several health services. Amedisys provides top-notch personalized home health services along with home care services and has performed more than 11 million annual visits to patient homes.
- Abbott- announced that the U.S. Food and Drug Administration (FDA) has approved the expansion of the indication for the company's CardioMEMS HF System for supporting the care of several people suffering from heart failure.
- Report ID: 6138
- Published Date: May 10, 2025
- Report Format: PDF, PPT
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Home Healthcare Market Report Scope
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