Home Healthcare Market is expected to reach US$ 587.00 Billion by 2031

Skilled Nursing Care Segment to Bolster Home Healthcare Market Growth During 2025–2031

According to our new research study on "Home Healthcare Market Forecast to 2031 – Global Analysis – by Type, Service, and Indication," the market was valued at US$ 332.33 billion in 2024 and is projected to reach US$ 587.00 billion by 2031; it is anticipated to record a CAGR of 8.5% from 2025 to 2031.

The report emphasizes the home healthcare market trends, along with drivers and deterrents affecting the market growth. A surging prevalence of chronic diseases among the aging population and the cost-effectiveness of home healthcare services are contributing to the growing home healthcare market size. However, data privacy vulnerabilities hamper the market growth. Further, the adoption of advanced technologies in homecare settings is expected to emerge as a new market trend in the coming years.

Home Healthcare Market Share, by Region, 2024 (%)

Source: The Insight Partners Analysis

Increasing Prevalence of Chronic Diseases Among the Aging Population Bolsters Home Healthcare Market Growth

As per the United Nations (UN) estimation, by 2060, the geriatric population will reach 1.8 billion, accounting for 17.8% of the world's total population. Typical health problems for older adults include hearing impairment, cataracts, refractive errors, back and neck discomfort, osteoarthritis, chronic obstructive pulmonary disease, depression, and dementia. Advanced age is also associated with the development of complex health situations commonly referred to as geriatric syndromes. These often result from a combination of factors, including frailty, urinary incontinence, falls, delirium, and pressure sores. According to Partnership for Quality Home Healthcare, a majority of patients (91%) prefer to get care in their homes, and it is cost-effective. Thus, the growing aging population across the world fuels the demand for home healthcare.

Home Healthcare Market Report Scope:

The home healthcare market analysis has been carried out by considering the following segments: type, service, and indication, and geography.

Based on service, the home healthcare market is segmented into skilled nursing care, physical therapy, rehabilitation therapy, speech therapy, and others. The skilled nursing care segment held the largest share of the home healthcare market in 2024. The demand for skilled nursing services segment is expected to grow due to increasing jobs and services for nurses and caregivers. Skilled nurses provide essential medical procedures at home, including wound care, IV therapy, and medication management. They also perform catheter administration, Ryle’s tube insertion, cough suctioning, and suture removal, which are vital for patients recovering from surgery or managing chronic conditions. Ongoing assessments of vital signs and health are crucial for these patients.

By type, the home healthcare market is segmented into therapeutic, diagnostic, and mobility assistance. The therapeutic segment dominated the home healthcare market in 2024. Therapeutic homecare services are specialized medical care given to patients in the convenience of their homes with an emphasis on chronic condition management, recovery promotion, and quality of life enhancement. The physiological, emotional, and functional needs of patients who need therapeutic intervention outside clinical settings are intended to be met by these services. For providing treatment in a familiar setting and minimizing the need for hospital or rehabilitation center visits, therapeutic homecare is usually designed for those recovering from surgery, managing chronic illnesses, or coping with impairments.

According to indication, the home healthcare market is segmented into cancer, respiratory diseases, mobility disorders, cardiovascular disorders, wound care, diabetes, and others. The respiratory diseases segment dominated the home healthcare market in 2024. From chemotherapy administration to palliative care, home healthcare services are playing a vital role in improving the quality of life for cancer patients while addressing the challenges of traditional hospital-based care. As per WHO's media center, there were ~20 million new cancer cases and 9.7 million deaths associated with the disease in 2022; the burden is projected to increase by ~77% by 2050. This growing disease burden has created a demand for accessible and efficient healthcare solutions, including in-home services, to manage cancer indications such as chemotherapy side effects, pain, and fatigue.

Home Healthcare Market Analysis: By Geography

The geographical scope of the home healthcare market includes the assessment of the market performance in North America (US, Canada, and Mexico), Europe (Spain, UK, Germany, France, Italy, and Rest of Europe), Asia Pacific (South Korea, China, India, Japan, Australia, and Rest of Asia Pacific), South & Central America (Brazil, Argentina, and Rest of South & Central America), and the Middle East & Africa (South Africa, Saudi Arabia, UAE, and Rest of Middle East & Africa). North America dominated the home healthcare market in 2024, and it will continue to dominate the market during the forecast period.

The growth of the market is driven by factors such as the rising adoption of home healthcare in the US, increasing strategic activities by the government, and the presence of leading players in the region. Europe is the second-largest contributor to the global home healthcare market, followed by Asia Pacific.

The National Health Service (NHS), American Society for Gastrointestinal Endoscopy, World Health Organization, National Centre for Biotechnology Information, and Global Burden of Disease are among the secondary sources referred to while preparing the home healthcare market report.

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