Home Healthcare Market size was valued at USD 283.64 billion in 2024 and is expected to reach USD 838.98 billion by 2037, expanding at around 8.7% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of home healthcare is assessed at USD 303.38 billion.
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.
Growth Drivers
Challenges
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
8.7% |
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Base Year Market Size (2024) |
USD 283.64 billion |
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Forecast Year Market Size (2037) |
USD 838.98 billion |
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Regional Scope |
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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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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.
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.
Author Credits: Radhika Pawar
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