Home Healthcare Market

Home Healthcare Market Size

The global home healthcare market size was valued at USD 234.51 billion in 2023, and is projected to grow from USD 251.12 billion in 2024 to USD 433.76 billion by 2031, exhibiting a CAGR of 8.12% during the forecast period.

The aging population, especially those with chronic diseases and mobility issues, is a significant driver for the market. Older adults require continuous medical care and assistance. Thus, the demand for home-based services is rising, offering more personalized, accessible, and cost-effective solutions.

In the scope of work, the report includes products and services offered by companies such as Abbott Home Care Inc (Abbott), Sunrise Medical, Baxter Health, Medtronic, Cardinal Health., F. Hoffmann-La Roche Ltd , AIR LIQUIDE SANTE INTERNATIONAL, Amedisys, Arkray, OMRON Healthcare, Inc, and others.

The home healthcare industry has evolved significantly, offering a diverse range of services aimed at improving patient care within the comfort of their homes. The market continues to attract significant investment, due to the increasing demand for personalized, convenient, and affordable healthcare solutions.

The market is characterized by a mix of traditional and technology-driven services, where providers aim to offer high-quality, patient-centered care that enhances recovery and overall well-being, fostering a shift from institutionalized care settings to home-based solutions.

• In January 2025, Teladoc Health demonstrated the evolution of themarket by providing free, 24/7 telehealth services to those affected by wildfires in Southern California. This reflects the increasing demand for accessible, technology-driven, patient-focused care, emphasizing convenience and well-being.

The home healthcare market involves the provision of medical and non-medical services to individuals in their homes, ensuring care that is tailored to the specific needs of patients.

It encompasses a wide range of services aimed at improving health outcomes, promoting recovery, and enhancing the quality of life for individuals, particularly those with chronic conditions, disabilities, or aging-related health issues.

Home healthcare services focus on delivering convenience, comfort, and personalized care, offering an alternative to traditional hospital or nursing facility settings, while also fostering independence and empowering patients to manage their health at home.

Analyst’s Review

The home healthcare market is poised for significant growth, driven by the aging population and the increasing prevalence of chronic diseases. As more elderly individuals with mobility challenges seek alternatives to traditional care settings, companies are focusing on expanding services like remote monitoring and home-based therapies.

• According to the World Health Organization (WHO), by 2030, 1 in 6 people globally will be aged 60 or over, with the population growing to 1.4 billion. By 2050, this number will double to 2.1 billion, and those aged 80+ will triple to 426 million.

Strategic partnerships, technological innovations, and improved patient engagement are key approaches being employed to enhance service delivery, reduce healthcare costs, and improve the overall patient experience, ensuring that care is accessible, efficient, and personalized.

• In December 2024, Mednow and Integracare partnered to address the growing demand for home healthcare solutions for seniors in Canada. By combining digital pharmacy services with home-based care, they aim to improve medication management and overall health, ensuring seniors can age safely and comfortably at home.

Home Healthcare Market Growth Factors

Cost-effectiveness is a significant growth driver for the home healthcare market, as it offers an affordable alternative to traditional hospitals or nursing home care. With rising healthcare expenses, patients and insurers increasingly prefer home healthcare services, which can reduce hospital readmissions, lower overhead costs, and minimize the need for lengthy institutional stays.

This affordability makes home healthcare an attractive option for both consumers seeking personalized care and insurers aiming to control healthcare costs while maintaining quality service and patient satisfaction.

• In July 2024, Star Health & Allied Insurance launched its Home Health Care services across 50 cities in India, offering a cashless, end-to-end package covering medical fees, nursing, medication, and tests. This initiative highlights the growing demand for cost-effective, personalized healthcare solutions at home.

Workforce shortages present a significant challenge for the home healthcare market, as recruiting and retaining skilled healthcare professionals, such as nurses and therapists, becomes increasingly difficult. The high demand for these services, combined with low wages and burnout, exacerbates the issue.

A potential solution includes offering competitive compensation, improved work-life balance, and career development opportunities to attract and retain talent. Additionally, integrating technology, such as telemedicine and remote monitoring tools, can help alleviate the burden on healthcare workers while ensuring quality care.

• In November 2024, domo.health launched generative AI tailored to homecare management, enhancing efficiency for healthcare professionals. This technology, integrated into their platform, streamlines workflows, supports remote monitoring, and alleviates administrative burdens, improving patient care.

Home Healthcare Industry Trends

Technology integration is a key trend driving the home healthcare market, with telemedicine, remote monitoring, and AI-powered solutions transforming care delivery. These innovations enable healthcare professionals to monitor patients remotely, diagnose conditions, and adjust treatment plans in real time, enhancing patient outcomes.

Telemedicine bridges geographic gaps, while AI improves clinical decision-making and operational efficiency. By streamlining workflows and reducing the need for in-person visits, these technologies lower costs and increase accessibility, making home healthcare more effective and sustainable.

• In September 2024, Palantir Technologies collaborated with Nebraska Medicine, leveraging AI to optimize patient flow, enhance clinical care, and improve operational efficiency. This partnership, focused on transforming healthcare with AI, aligns with trends in the home healthcare industry, driving innovation.

Another notable trend in the home healthcare market is the increasing focus on personalized care. Healthcare providers are using data-driven insights and advanced technologies to create customized care plans tailored to individual patient needs. This approach improves patient outcomes by addressing unique health conditions, preferences, and lifestyle factors.

By leveraging tools such as remote monitoring, AI-driven analytics, and telemedicine, home healthcare professionals can deliver more effective, patient-centered care, leading to higher satisfaction and better long-term health results.

• In April 2024, Innovaccer launched its Healthcare Experience Platform (HXP), powered by AI, to enhance personalized care by integrating data, patient engagement, and omnichannel communication. The platform aims to improve care outcomes, reduce costs, and foster better patient experiences.

Segmentation Analysis

The global market is segmented based on indication, service type, product type, and geography.

By Indication

Based on indication, the market has been segmented into cardiovascular diseases, respiratory diseases, movement disorders, pregnancy, wound care, diabetes, and others. The cardiovascular diseases segment led the home healthcare industry in 2023, reaching the valuation of USD 64.92 billion.

The cardiovascular diseases segment is registering significant expansion, as many patients prefer receiving care at home for chronic heart conditions. This growth is driven by the increasing prevalence of cardiovascular diseases, advancements in remote monitoring technologies, and the demand for cost-effective care.

Home healthcare solutions are enabling personalized cardiac care, including remote patient monitoring, telemedicine consultations, and rehabilitation services, helping patients manage their condition while improving outcomes. This shift toward home-based care is easing the burden on hospitals and enhancing patient satisfaction.

• In December 2024, DocGo Inc. expanded its partnership with SHL Telemedicine to integrate SmartHeart ECG devices into mobile health units. This innovation provides advanced cardiovascular diagnostics at home, enhancing care for underserved communities, supporting the market growth.

By Service Type

Based on service type, the home healthcare market has been segmented into skilled nursing care, physical therapy, physical/occupational/speech therapy, nutritional support, and others. The skilled nursing care segment secured the largest revenue share of 31.91% in 2023.

The skilled nursing care segment is expanding rapidly as demand for personalized, in-home care increases. Amid rising healthcare costs rise and capacity challenges in hospitals, patients are increasingly opting for skilled nursing services at home, including post-operative care, chronic disease management, and rehabilitation.

Technological advancements, such as remote monitoring and telehealth, are enabling nurses to provide high-quality care while reducing hospital readmissions. Additionally, the aging population is driving this segment.

By Product Type

Based on product type, the market has been classified into therapeutic products, diagnostic products, and mobility care products. The diagnostic products segment is poised for significant growth at a CAGR of 9.23% through the forecast period.

The diagnostic products segment is projected to register significant growth, driven by advancements in technology and an increased focus on early detection and personalized care. The rise in chronic diseases, aging populations, and heightened health awareness are contributing to the demand for more accurate and efficient diagnostic tools.

Innovations such as AI-powered diagnostic devices are transforming how diseases are detected and managed. This is helping home healthcare systems shift to preventive care while improving patient outcomes and reducing overall healthcare costs.

Home Healthcare Market Regional Analysis

Based on region, the global market is classified into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.

North America accounted for around 36.75% share of the home healthcare market in 2023, with a valuation of USD 86.18 billion. North America remains the dominant region in the market, driven by a combination of factors including an aging population, advanced healthcare infrastructure, and high adoption of digital health technologies.

The increasing prevalence of chronic diseases, coupled with a growing preference for home-based care, has propelled market growth. Additionally, the presence of major home healthcare providers, favorable government policies, and widespread insurance coverage contribute to the dominant role of North America in shaping the future of home healthcare services, ensuring accessibility and improved patient outcomes across the region.

• In February 2024 Endava announced its acquisition of GalaxE Group, significantly expanding its North American presence. With GalaxE's deep expertise in U.S. healthcare and a strong client base, the acquisition strengthens Endava’s capabilities, driving digital transformation in the region.

The home healthcare market in Asia Pacific is projected to expand at a CAGR of 9.45% over the forecast period. The market in the region is witnessing rapid growth, driven by an aging population, increasing healthcare awareness, and the rising demand for personalized care.

Advancements in telemedicine, remote monitoring, and home-based diagnostics are transforming healthcare delivery in countries like China, India, and Japan, where a large proportion of the population faces chronic conditions. Moreover, growing healthcare infrastructure and government initiatives to promote home-based care fuel market expansion.

The increasing preference for affordable, convenient, and patient-centric services has positioned Asia Pacific as the fastest-growing region in the global market.

Competitive Landscape

The global home healthcare market report will provide valuable insights with an emphasis on the fragmented nature of the market. Prominent players are focusing on several key business strategies such as partnerships, mergers and acquisitions, product innovations, and joint ventures to expand their product portfolio and increase their market shares across different regions.

Strategic efforts such as increased investments in research & development, creation of new manufacturing plants, and improvements in supply chain efficiency are expected to generate significant growth opportunities in the market.

List of Key Companies in Home Healthcare Market

• Abbott Home Care Inc (Abbott)
• Sunrise Medical
• Baxter Health
• Medtronic
• Cardinal Health.
• Hoffmann-La Roche Ltd
• AIR LIQUIDE SANTE INTERNATIONAL
• Amedisys
• Arkray
• OMRON Healthcare, Inc

Key Industry Developments

• May 2023 (Merger): Option Care Health and Amedisys announced a definitive merger agreement to become leading providers of comprehensive home healthcare services. The merger combines Option Care Health’s expertise in home infusion services with Amedisys' strength in home health, hospice, and high-acuity care. This strategic consolidation enhances the companies’ national footprint, workforce, and ability to meet the growing demand for personalized home healthcare solutions, positioning the combined entity as a key player in delivering high-quality care across the continuum for patients, particularly within the aging population.
• April 2024 (Expansion): Air Liquide expanded its Homecare presence by acquiring entities in Belgium and the Netherlands, supporting 10,000 patients with respiratory and related treatments. This acquisition strengthens Air Liquide’s position in these markets, enhancing patient care and infusions services. Air Liquide’s commitment to delivering personalized care aligns with its global mission to improve patient quality of life and sustainable healthcare systems.

The global home healthcare market is segmented as:

By Indication

• Cardiovascular Diseases
• Respiratory Diseases
• Movement Disorders
• Pregnancy
• Wound Care
• Diabetes
• Others

By Service Type

• Skilled Nursing Care
• Physical Therapy
• Physical/occupational/speech therapy
• Nutritional support
• Others

By Product Type

• Therapeutic Products
  • Home respiratory therapy equipment
  • Insulin delivery devices
  • Home IV pumps
  • Others
• Diagnostic Products
  • Diabetic care unit
  • BP monitors
  • Multi para diagnostic monitors
  • Home pregnancy and fertility kits
  • Others
• Mobility Care Products
  • Wheel chair
  • Home medical furniture
  • Walking assist devices

 By Region

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