Global Home Healthcare Market Size to Exceed USD 942.79 Billion by 2033: Market Insight Report

RELEASE DATE: May 2025 Author: Spherical Insights
The Global Home Healthcare Market Size is Expected to Grow from USD 362.80 Billion in 2023 to USD 942.79 Billion by 2033, at a CAGR of 10.02% during the forecast period 2023-2033.

Table of Contents

Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis


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Global Home Healthcare Market Size to Exceed USD 942.79 Billion by 2033   

According to a research report published by Spherical Insights & Consulting, The Global Home Healthcare Market Size is Expected to Grow from USD 362.80 Billion in 2023 to USD 942.79 Billion by 2033, at a CAGR of 10.02% during the forecast period 2023-2033.          

 

Browse 210 market data Tables and 45 Figures spread through 190 Pages and in-depth TOC on the Global Home Healthcare Market Size, Share, and COVID-19 Impact Analysis, By Type (Services {Physician Care, Nursing Care, Physical, Occupational & Speech Therapy, Nutritional Care}, Products {Diagnostic [Blood Glucose Monitors, Pulse Oximeters], Treatment [Renal Care, Infusion Pumps, Ostomy Care, Respiratory Care], and Supportive Care [Mobility Care, Clinical Nutrition, Continence Care]}), By Therapeutic Area (Cancer, Neurological Disorders, Mobility Disorders, Diabetes, Cardiovascular Disorders, Wound Care, and Gastrointestinal Disorders), By Payer (Private and Public), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 - 2033.

 

The home healthcare market is an industry that offers different kinds of treatments, whether in the form of medical or non-medical. It ranges widely from skilled nursing to physical, occupational, and speech therapies and personal care. The industry monitors the home health of patients as well. Home health care encompasses various medical care services provided to patients by providing care for home use. It includes the following: severe illness and injury monitoring, intravenous therapy, nutrition therapy, wound care, and other treatments such as respiratory therapy. Furthermore, an aging population, chronic diseases such as diabetes and cardiovascular issues, demand for cost-effective care, telehealth and remote monitoring, and government initiatives in support of home-based healthcare drive the global home healthcare market. Additionally, technological innovation, a preference for personalized care, and hospital bed shortages fuel market growth around the world. However, the high costs of advanced medical devices, lack of skilled professionals, regulatory challenges, cybersecurity risks in telehealth, reimbursement issues, and limited awareness in developing regions are key restraints for the growth of the market.

 

The services segment accounted for the largest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period.              

Based on the type, the global home healthcare market is divided into services and products. The services segment is subdivided into physician care, nursing care, physical, occupational & speech therapy, nutritional care, and others. The product segment is subdivided into diagnostic, treatment, and supportive care. The diagnostic segment is further divided into blood glucose monitors, pulse oximeters, blood pressure monitors, and others. The treatment segment is further divided into renal care, infusion pumps, ostomy care, respiratory care, wound care products, and others. The supportive care segment is further divided into mobility care, clinical nutrition, continence care, and housekeeping supplies. Among these, the services segment accounted for the largest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period. This is due to the rising demand for skilled nursing, personal care, and rehabilitation therapies, driven by an aging population, increasing chronic diseases, and cost-effective home care. Moreover, the growing telehealth adoption and government initiatives further fuel its expansion, ensuring sustained growth.

 

The diabetes segment accounted for the greatest share in 2023 and is anticipated to grow at a substantial CAGR over the forecast period.

Based on the therapeutic area, the global home healthcare market is divided into cancer, neurological disorders, mobility disorders, diabetes, cardiovascular disorders, wound care, and gastrointestinal disorders. Among these, the diabetes segment accounted for the greatest share in 2023 and is anticipated to grow at a substantial CAGR over the forecast period. This is due to the rising global prevalence of diabetes, increasing demand for home-based glucose monitoring and insulin delivery, and growing awareness of self-management. Additionally, technological advancements in remote monitoring and telehealth, along with government initiatives for chronic disease management, are driving its substantial CAGR growth.

 

The public segment accounted for the largest share in 2023 and is anticipated to grow at a remarkable CAGR throughout the forecast period.         

Based on the payer, the global home healthcare market is divided into private and public. Among these, the public segment accounted for the largest share in 2023 and is anticipated to grow at a remarkable CAGR throughout the forecast period. This is due to strong government funding, increasing healthcare initiatives, and expanded insurance coverage for home healthcare services. Rising investments in telehealth, aging populations, and cost-effective care models further drive growth. Moreover, the enhanced public awareness and policy support contribute to its remarkable CAGR during the forecast period.

 

North America is projected to hold the largest share of the global home healthcare market over the forecast period.

North America is projected to hold the largest share of the global home healthcare market over the forecast period. This is due to its advanced healthcare infrastructure, high prevalence of chronic diseases, and increasing geriatric population. Strong government support, favorable reimbursement policies, and rapid adoption of telehealth and remote monitoring further drive growth. Additionally, technological advancements and rising demand for cost-effective home care solutions boost market expansion.

 

Asia Pacific is expected to grow at the fastest CAGR growth of the global home healthcare market during the forecast period. This is due to a rising aging population, increasing chronic disease prevalence, and growing healthcare awareness. Expanding home healthcare infrastructure, government initiatives, and technological advancements in telemedicine further drive growth. Additionally, improving disposable income and demand for cost-effective care solutions contribute to market expansion.

 

Company Profiling

Major vendors in the global home healthcare market are Amedisys (U.S.), Trinity Health, LHC Group, Inc., Portea Medical, BAYADA Home Health Care, AccentCare, Inc., Cadence Solutions, Inc., The Pennant Group, Inc., Abbott, Baxter, Masimo, OMRON Corporation, Fresenius Kabi AG, and others.

 

Key Target Audience

  • Market Players
  • Investors
  • End-users
  • Government Authorities 
  • Consulting and Research Firm
  • Venture capitalists
  • Value-Added Resellers (VARs)

 

Recent Development

  • In June 2024, the FDA approved Abbott's two new over-the-counter continuous glucose monitoring (CGM) devices, Libre Rio and Lingo, which are based on its FreeStyle Libre technology. This helped the business expand by diversifying its product offerings.

 

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global home healthcare market based on the below-mentioned segments: 

 

Global Home Healthcare Market, By Type

  • Services
    • Physician Care
    • Nursing Care
    • Physical
    • Occupational & Speech Therapy
    • Nutritional Care
  • Products
    • Diagnostic
      • Blood Glucose Monitors
      • Pulse Oximeters
    • Treatment
      • Renal Care
      • Infusion Pumps
      • Ostomy Care
      • Respiratory Care
    • Supportive care
      • Mobility Care
      • Clinical Nutrition
      • Continence Care

 

Global Home Healthcare Market, By Therapeutic Area

  • Cancer
  • Neurological Disorders
  • Mobility Disorders
  • Diabetes
  • Cardiovascular Disorders
  • Wound Care
  • Gastrointestinal Disorders

 

Global Home Healthcare Market, By Payer

  • Private
  • Public

 

 Global Home Healthcare Market, By Regional

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia Pacific
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Qatar
    • South Africa
    • Rest of the Middle East & Africa

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