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Home Healthcare Market Size To Grow By USD 312.33 Million From 2022 To 2027; 44% Of The Growth Will Originate From North America - Technavio

By PR Newswire

PR Newswire
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NEW YORK, Aug. 2, 2023 /PRNewswire/ -- The home healthcare market size is expected to grow by USD 312.33 million during 2022-2027, progressing at a CAGR of 12.64% as per the latest Technavio market research report. North America is estimated to account for 44% of the market's overall growth. The growth of the regional market can be attributed to the growth of the aging population, rising adoption of long-term healthcare services, and increasing awareness about healthcare. Furthermore, owing to favorable reimbursements provided by Medicare and Medicaid, patient engagement has improved in North America. Hence, such factors drive the growth of the regional market during the forecast period. For more insights on the market share of various regions- Download sample report in MINUTES

Home Healthcare Market: Quality of home healthcare and increasing patient satisfaction to drive growth

Quality of home healthcare and increasing patient satisfaction drive the growth of the home healthcare market. Caregivers and HCPs address the patient's physical, psychological, and healthcare requirements to improve the satisfaction of patients.

Furthermore, market vendors also apply quality controls and analyze their product offerings on a number of parameters such as privacy and dignity during service, consideration of patient preference during the selection of service, assessment of patient and caregiver needs before finalizing service, design, and plan of service delivery based on patient needs, etc. Hence, such factors drive the growth of the home healthcare market during the forecast period.

Home Healthcare Market: Increased Incidences Of Life-threatening Diseases 

Increased incidences of life-threatening diseases are an emerging home healthcare market trend. Major lifestyle diseases include stroke, heart attack, obesity, diabetes, hypertension, and liver cirrhosis. Furthermore, in 2020, chronic diseases such as stroke, heart disease, diabetes, and chronic respiratory diseases were the major causes of death.

Additionally, in order to address the high demand for healthcare facilities, manufacturers and suppliers introduce advanced products and expand market penetration through efficient distribution networks. Hence, such trends fuel the growth of the home healthcare market during the forecast period.

To know about more drivers, trends along with challenges - Download a sample now!

Some of the key Home Healthcare Market Players:

The home healthcare market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

A and D Holon Holdings Co Ltd., Abbott Laboratories, Apollo Hospitals Enterprise Ltd., ARKRAY Inc., B.Braun SE, Baxter International Inc., Becton Dickinson and Co., Cardinal Health Inc., Exergen Corp., F. Hoffmann La Roche Ltd., Fresenius SE and Co. KGaA, Home Medical Products Inc., Invacare Corp., Johnson and Johnson Services Inc., Medline Industries LP, OMRON Corp., Pulsenmore Ltd., ResMed Inc., Rotech Healthcare Inc., and Stryker Corp.

What's New?

  • Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession 
  • Global competitiveness and key competitor positions 
  • Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial  - Buy the report!

Home Healthcare Market: Segmentation Analysis

This market research report segments the home healthcare market by Type (Products, Services, and Solutions), Application (Medical treatment and Preventive healthcare), and Geography (North America, Europe, Asia, and Rest of World (ROW)).

  • The products segment will be significant during the forecast period. Products contribute to most of the revenue of the global home healthcare market owing to their wide application and easy availability. Furthermore, various products are used in home healthcare, such as patient monitoring devices, POC products, assistive devices, and preventive healthcare products. Additionally, owing to the increasing demand for products, vendors are making significant investments. Recently launched products such as mobility aids, hospital beds, and pressure relief devices are being adopted by end-users. Hence, such factors fuel the products segment of the home healthcare market during the forecast period.

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Home Healthcare Market Scope

Report Coverage

Details

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 12.64%

Market growth 2023-2027

USD 312.33 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

11.24

Regional analysis

North America, Europe, Asia, and Rest of World (ROW)

Performing market contribution

North America at 44%

Key countries

US, Canada, Germany, UK, and China

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

A and D Holon Holdings Co Ltd., Abbott Laboratories, Apollo Hospitals Enterprise Ltd., ARKRAY Inc., B.Braun SE, Baxter International Inc., Becton Dickinson and Co., Cardinal Health Inc., Exergen Corp., F. Hoffmann La Roche Ltd., Fresenius SE and Co. KGaA, Home Medical Products Inc., Invacare Corp., Johnson and Johnson Services Inc., Medline Industries LP, OMRON Corp., Pulsenmore Ltd., ResMed Inc., Rotech Healthcare Inc., and Stryker Corp.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis 
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
  • 3.4 Market outlook: Forecast for 2022-2027 
    • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
    • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
    • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
    • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

  • 4.1 Global home healthcare market 2017 - 2021 
    • Exhibit 18: Historic Market Size – Data Table on global home healthcare market 2017 - 2021 ($ million)
  • 4.2 Type Segment Analysis 2017 - 2021 
    • Exhibit 19: Historic Market Size – Type Segment 2017 - 2021 ($ million)
  • 4.3 Application Segment Analysis 2017 - 2021 
    • Exhibit 20: Historic Market Size – Application Segment 2017 - 2021 ($ million)
  • 4.4 Geography Segment Analysis 2017 - 2021 
    • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
  • 4.5 Country Segment Analysis 2017 - 2021 
    • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

  • 5.1 Five forces summary
    • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
  • 5.2 Bargaining power of buyers 
    • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
  • 5.3 Bargaining power of suppliers 
    • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
  • 5.4 Threat of new entrants 
    • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
  • 5.5 Threat of substitutes 
    • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
  • 5.6 Threat of rivalry
    • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
  • 5.7 Market condition
    • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Type

  • 6.1 Market segments
    • Exhibit 30: Chart on Type - Market share 2022-2027 (%)
    • Exhibit 31: Data Table on Type - Market share 2022-2027 (%)
  • 6.2 Comparison by Type
    • Exhibit 32: Chart on Comparison by Type
    • Exhibit 33: Data Table on Comparison by Type
  • 6.3 Products - Market size and forecast 2022-2027 
    • Exhibit 34: Chart on Products - Market size and forecast 2022-2027 ($ million)
    • Exhibit 35: Data Table on Products - Market size and forecast 2022-2027 ($ million)
    • Exhibit 36: Chart on Products - Year-over-year growth 2022-2027 (%)
    • Exhibit 37: Data Table on Products - Year-over-year growth 2022-2027 (%)
  • 6.4 Services - Market size and forecast 2022-2027 
    • Exhibit 38: Chart on Services - Market size and forecast 2022-2027 ($ million)
    • Exhibit 39: Data Table on Services - Market size and forecast 2022-2027 ($ million)
    • Exhibit 40: Chart on Services - Year-over-year growth 2022-2027 (%)
    • Exhibit 41: Data Table on Services - Year-over-year growth 2022-2027 (%)
  • 6.5 Solutions - Market size and forecast 2022-2027 
    • Exhibit 42: Chart on Solutions - Market size and forecast 2022-2027 ($ million)
    • Exhibit 43: Data Table on Solutions - Market size and forecast 2022-2027 ($ million)
    • Exhibit 44: Chart on Solutions - Year-over-year growth 2022-2027 (%)
    • Exhibit 45: Data Table on Solutions - Year-over-year growth 2022-2027 (%)
  • 6.6 Market opportunity by Type 
    • Exhibit 46: Market opportunity by Type ($ million)
    • Exhibit 47: Data Table on Market opportunity by Type ($ million)

7 Market Segmentation by Application

  • 7.1 Market segments
    • Exhibit 48: Chart on Application - Market share 2022-2027 (%)
    • Exhibit 49: Data Table on Application - Market share 2022-2027 (%)
  • 7.2 Comparison by Application 
    • Exhibit 50: Chart on Comparison by Application
    • Exhibit 51: Data Table on Comparison by Application
  • 7.3 Medical treatment - Market size and forecast 2022-2027 
    • Exhibit 52: Chart on Medical treatment - Market size and forecast 2022-2027 ($ million)
    • Exhibit 53: Data Table on Medical treatment - Market size and forecast 2022-2027 ($ million)
    • Exhibit 54: Chart on Medical treatment - Year-over-year growth 2022-2027 (%)
    • Exhibit 55: Data Table on Medical treatment - Year-over-year growth 2022-2027 (%)
  • 7.4 Preventive healthcare - Market size and forecast 2022-2027 
    • Exhibit 56: Chart on Preventive healthcare - Market size and forecast 2022-2027 ($ million)
    • Exhibit 57: Data Table on Preventive healthcare - Market size and forecast 2022-2027 ($ million)
    • Exhibit 58: Chart on Preventive healthcare - Year-over-year growth 2022-2027 (%)
    • Exhibit 59: Data Table on Preventive healthcare - Year-over-year growth 2022-2027 (%)
  • 7.5 Market opportunity by Application 
    • Exhibit 60: Market opportunity by Application ($ million)
    • Exhibit 61: Data Table on Market opportunity by Application ($ million)

8 Customer Landscape

  • 8.1 Customer landscape overview 
    • Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

  • 9.1 Geographic segmentation 
    • Exhibit 63: Chart on Market share by geography 2022-2027 (%)
    • Exhibit 64: Data Table on Market share by geography 2022-2027 (%)
  • 9.2 Geographic comparison 
    • Exhibit 65: Chart on Geographic comparison
    • Exhibit 66: Data Table on Geographic comparison
  • 9.3 North America - Market size and forecast 2022-2027 
    • Exhibit 67: Chart on North America - Market size and forecast 2022-2027 ($ million)
    • Exhibit 68: Data Table on North America - Market size and forecast 2022-2027 ($ million)
    • Exhibit 69: Chart on North America - Year-over-year growth 2022-2027 (%)
    • Exhibit 70: Data Table on North America - Year-over-year growth 2022-2027 (%)
  • 9.4 Europe - Market size and forecast 2022-2027 
    • Exhibit 71: Chart on Europe - Market size and forecast 2022-2027 ($ million)
    • Exhibit 72: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
    • Exhibit 73: Chart on Europe - Year-over-year growth 2022-2027 (%)
    • Exhibit 74: Data Table on Europe - Year-over-year growth 2022-2027 (%)
  • 9.5 Asia - Market size and forecast 2022-2027 
    • Exhibit 75: Chart on Asia - Market size and forecast 2022-2027 ($ million)
    • Exhibit 76: Data Table on Asia - Market size and forecast 2022-2027 ($ million)
    • Exhibit 77: Chart on Asia - Year-over-year growth 2022-2027 (%)
    • Exhibit 78: Data Table on Asia - Year-over-year growth 2022-2027 (%)
  • 9.6 Rest of World (ROW) - Market size and forecast 2022-2027 
    • Exhibit 79: Chart on Rest of World (ROW) - Market size and forecast 2022-2027 ($ million)
    • Exhibit 80: Data Table on Rest of World (ROW) - Market size and forecast 2022-2027 ($ million)
    • Exhibit 81: Chart on Rest of World (ROW) - Year-over-year growth 2022-2027 (%)
    • Exhibit 82: Data Table on Rest of World (ROW) - Year-over-year growth 2022-2027 (%)
  • 9.7 US - Market size and forecast 2022-2027 
    • Exhibit 83: Chart on US - Market size and forecast 2022-2027 ($ million)
    • Exhibit 84: Data Table on US - Market size and forecast 2022-2027 ($ million)
    • Exhibit 85: Chart on US - Year-over-year growth 2022-2027 (%)
    • Exhibit 86: Data Table on US - Year-over-year growth 2022-2027 (%)
  • 9.8 Germany - Market size and forecast 2022-2027 
    • Exhibit 87: Chart on Germany - Market size and forecast 2022-2027 ($ million)
    • Exhibit 88: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
    • Exhibit 89: Chart on Germany - Year-over-year growth 2022-2027 (%)
    • Exhibit 90: Data Table on Germany - Year-over-year growth 2022-2027 (%)
  • 9.9 UK - Market size and forecast 2022-2027 
    • Exhibit 91: Chart on UK - Market size and forecast 2022-2027 ($ million)
    • Exhibit 92: Data Table on UK - Market size and forecast 2022-2027 ($ million)
    • Exhibit 93: Chart on UK - Year-over-year growth 2022-2027 (%)
    • Exhibit 94: Data Table on UK - Year-over-year growth 2022-2027 (%)
  • 9.10 China - Market size and forecast 2022-2027 
    • Exhibit 95: Chart on China - Market size and forecast 2022-2027 ($ million)
    • Exhibit 96: Data Table on China - Market size and forecast 2022-2027 ($ million)
    • Exhibit 97: Chart on China - Year-over-year growth 2022-2027 (%)
    • Exhibit 98: Data Table on China - Year-over-year growth 2022-2027 (%)
  • 9.11 Canada - Market size and forecast 2022-2027 
    • Exhibit 99: Chart on Canada - Market size and forecast 2022-2027 ($ million)
    • Exhibit 100: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
    • Exhibit 101: Chart on Canada - Year-over-year growth 2022-2027 (%)
    • Exhibit 102: Data Table on Canada - Year-over-year growth 2022-2027 (%)
  • 9.12 Market opportunity by geography 
    • Exhibit 103: Market opportunity by geography ($ million)
    • Exhibit 104: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

  • 10.1 Market drivers
  • 10.2 Market challenges
  • 10.3 Impact of drivers and challenges 
    • Exhibit 105: Impact of drivers and challenges in 2022 and 2027
  • 10.4 Market trends

11 Vendor Landscape

  • 11.1 Overview
  • 11.2 Vendor landscape
    • Exhibit 106: Overview on Criticality of inputs and Factors of differentiation
  • 11.3 Landscape disruption
    • Exhibit 107: Overview on factors of disruption
  • 11.4 Industry risks
    • Exhibit 108: Impact of key risks on business

12 Vendor Analysis

  • 12.1 Vendors covered
    • Exhibit 109: Vendors covered
  • 12.2 Market positioning of vendors 
    • Exhibit 110: Matrix on vendor position and classification
  • 12.3 A and D Holon Holdings Co Ltd. 
    • Exhibit 111: A and D Holon Holdings Co Ltd. - Overview
    • Exhibit 112: A and D Holon Holdings Co Ltd. - Product / Service
    • Exhibit 113: A and D Holon Holdings Co Ltd. - Key offerings
  • 12.4 Abbott Laboratories
    • Exhibit 114: Abbott Laboratories - Overview
    • Exhibit 115: Abbott Laboratories - Business segments
    • Exhibit 116: Abbott Laboratories - Key news
    • Exhibit 117: Abbott Laboratories - Key offerings
    • Exhibit 118: Abbott Laboratories - Segment focus
  • 12.5 ARKRAY Inc.
    • Exhibit 119: ARKRAY Inc. - Overview
    • Exhibit 120: ARKRAY Inc. - Product / Service
    • Exhibit 121: ARKRAY Inc. - Key offerings
  • 12.6 B.Braun SE
    • Exhibit 122: B.Braun SE - Overview
    • Exhibit 123: B.Braun SE - Business segments
    • Exhibit 124: B.Braun SE - Key news
    • Exhibit 125: B.Braun SE - Key offerings
    • Exhibit 126: B.Braun SE - Segment focus
  • 12.7 Baxter International Inc. 
    • Exhibit 127: Baxter International Inc. - Overview
    • Exhibit 128: Baxter International Inc. - Business segments
    • Exhibit 129: Baxter International Inc. - Key news
    • Exhibit 130: Baxter International Inc. - Key offerings
    • Exhibit 131: Baxter International Inc. - Segment focus
  • 12.8 Becton Dickinson and Co. 
    • Exhibit 132: Becton Dickinson and Co. - Overview
    • Exhibit 133: Becton Dickinson and Co. - Business segments
    • Exhibit 134: Becton Dickinson and Co. - Key news
    • Exhibit 135: Becton Dickinson and Co. - Key offerings
    • Exhibit 136: Becton Dickinson and Co. - Segment focus
  • 12.9 Cardinal Health Inc.
    • Exhibit 137: Cardinal Health Inc. - Overview
    • Exhibit 138: Cardinal Health Inc. - Business segments
    • Exhibit 139: Cardinal Health Inc. - Key news
    • Exhibit 140: Cardinal Health Inc. - Key offerings
    • Exhibit 141: Cardinal Health Inc. - Segment focus
  • 12.10 Exergen Corp.
    • Exhibit 142: Exergen Corp. - Overview
    • Exhibit 143: Exergen Corp. - Product / Service
    • Exhibit 144: Exergen Corp. - Key offerings
  • 12.11 F. Hoffmann La Roche Ltd. 
    • Exhibit 145: F. Hoffmann La Roche Ltd. - Overview
    • Exhibit 146: F. Hoffmann La Roche Ltd. - Business segments
    • Exhibit 147: F. Hoffmann La Roche Ltd. - Key news
    • Exhibit 148: F. Hoffmann La Roche Ltd. - Key offerings
    • Exhibit 149: F. Hoffmann La Roche Ltd. - Segment focus
  • 12.12 Fresenius SE and Co. KGaA 
    • Exhibit 150: Fresenius SE and Co. KGaA - Overview
    • Exhibit 151: Fresenius SE and Co. KGaA - Business segments
    • Exhibit 152: Fresenius SE and Co. KGaA - Key news
    • Exhibit 153: Fresenius SE and Co. KGaA - Key offerings
    • Exhibit 154: Fresenius SE and Co. KGaA - Segment focus
  • 12.13 Invacare Corp.
    • Exhibit 155: Invacare Corp. - Overview
    • Exhibit 156: Invacare Corp. - Business segments
    • Exhibit 157: Invacare Corp. - Key news
    • Exhibit 158: Invacare Corp. - Key offerings
    • Exhibit 159: Invacare Corp. - Segment focus
  • 12.14 Johnson and Johnson Services Inc. 
    • Exhibit 160: Johnson and Johnson Services Inc. - Overview
    • Exhibit 161: Johnson and Johnson Services Inc. - Business segments
    • Exhibit 162: Johnson and Johnson Services Inc. - Key news
    • Exhibit 163: Johnson and Johnson Services Inc. - Key offerings
    • Exhibit 164: Johnson and Johnson Services Inc. - Segment focus
  • 12.15 Medline Industries LP 
    • Exhibit 165: Medline Industries LP - Overview
    • Exhibit 166: Medline Industries LP - Product / Service
    • Exhibit 167: Medline Industries LP - Key offerings
  • 12.16 OMRON Corp.
    • Exhibit 168: OMRON Corp. - Overview
    • Exhibit 169: OMRON Corp. - Business segments
    • Exhibit 170: OMRON Corp. - Key news
    • Exhibit 171: OMRON Corp. - Key offerings
    • Exhibit 172: OMRON Corp. - Segment focus
  • 12.17 Pulsenmore Ltd.
    • Exhibit 173: Pulsenmore Ltd. - Overview
    • Exhibit 174: Pulsenmore Ltd. - Product / Service
    • Exhibit 175: Pulsenmore Ltd. - Key offerings

13 Appendix

  • 13.1 Scope of the report
  • 13.2 Inclusions and exclusions checklist 
    • Exhibit 176: Inclusions checklist
    • Exhibit 177: Exclusions checklist
  • 13.3 Currency conversion rates for US$ 
    • Exhibit 178: Currency conversion rates for US$
  • 13.4 Research methodology
    • Exhibit 179: Research methodology
    • Exhibit 180: Validation techniques employed for market sizing
    • Exhibit 181: Information sources
  • 13.5 List of abbreviations 
    • Exhibit 182: List of abbreviations
About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Website: www.technavio.com

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SOURCE Technavio

First published on Thu, Aug 3, 2023

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