Market Overview:
The global health caregiving market is expected to grow at a CAGR of 7.5% from 2018 to 2030. The market growth can be attributed to the increasing prevalence of chronic diseases, rising geriatric population, and growing demand for home-based health care services. By type, the physical health caregiving segment is expected to account for the majority share of the global market in 2018. This segment is projected to grow at a CAGR of 7.8% from 2018 to 2030 due to the increasing incidence of chronic diseases and technological advancements in this field.
Product Definition:
The definition of health caregiving is the process of providing care to someone who is not able to take care of themselves. This can include tasks such as bathing, dressing, and feeding. Health caregiving is important because it allows people who are unable to take care of themselves to still receive the necessary level of care that they need in order to stay healthy and live a comfortable life.
Physical:
Physical is a new term in the healthcare market. It means the examination or testing of body parts to diagnose and treat diseases, disorders, and other health conditions. Physical therapies are used for treating various physical problems such as pain, arthritis, injury prevention & rehabilitation exercises are also done to improve overall fitness level among patients.
Physical Therapies Market Size Share by Type (Therapeutic Massage/ Manual Therapy/ Physiotherapy), by Region (North America [U.S.
Psychological:
The global psychological and it's usage in health caregiving market size was valued at USD 2.5 billion in 2015 and is expected to grow at a CAGR of XX% over the forecast period. The rising geriatric population, increasing prevalence of chronic diseases, growing awareness about mental health among patients as well as healthcare providers are some major factors that are driving the growth of this industry globally.
Application Insights:
The home health caregiving segment dominated the global market in 2017. This can be attributed to an increase in the number of geriatric population, which is susceptible to various diseases and conditions. According to a study published by the United Nations, it has been estimated that by 2050, there will be approximately 1.8 billion people aged 60 or above globally, out of which nearly 940 million are expected to live in Asia Pacific and Africa combined. Furthermore, with growing awareness about healthcare services among individuals and increasing disposable income levels across developing countries such as India and China, demand for home healthcare is anticipated to rise over the forecast period.
Regional Analysis:
North America dominated the global health caregiving market in 2017. The presence of a large geriatric population base and favorable reimbursement policies are some of the major factors contributing to its growth. Europe is expected to be the second-largest regional market due to an increase in public and private spending on long term care, supportive government initiatives, and increasing awareness about various options for home health care. Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to improving economic conditions, growing healthcare expenditure levels by countries like Japan & China as well as other developing nations within this region coupled with rising aging demographics that require specialized long term services such as companion or home health services. Moreover, rapidly expanding medical tourism industry will also boost demand for these services within this region over the forecast period (2018 - 2030).
Growth Factors:
- Aging population – The number of people aged 65 and over is projected to more than double by 2050, reaching nearly 1.5 billion. This will create a greater demand for health care services and products, including those that support caregivers.
- Increased life expectancy – Advances in medical technology are resulting in longer life expectancies, which means more people will require long-term caregiving in their later years.
- Greater awareness of health care options – There has been a growing awareness of the importance of proactive health care and preventive measures in recent years, which is likely to lead to increased demand for health care services and products down the road.
- Rising income levels – As incomes continue to rise around the world, consumers will have more disposable income available to spend on healthcare-related products and services such as homecare assistance or nursing home stays . 5
Scope Of The Report
Report Attributes
Report Details
Report Title
Health Caregiving Market Research Report
By Type
Physical, Psychological
By Application
Home, Hospital
By Companies
Seniorlink, Inc., GreatCall, UnaliWear Inc., Cariloop, Inc., HomeHero Inc., Hometeam, Honor Technology Inc.
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
155
Number of Tables & Figures
109
Customization Available
Yes, the report can be customized as per your need.
Global Health Caregiving Market Report Segments:
The global Health Caregiving market is segmented on the basis of:
Types
Physical, Psychological
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Home, Hospital
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Seniorlink, Inc.
- GreatCall
- UnaliWear Inc.
- Cariloop, Inc.
- HomeHero Inc.
- Hometeam
- Honor Technology Inc.
Highlights of The Health Caregiving Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Physical
- Psychological
- By Application:
- Home
- Hospital
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Health Caregiving Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Health caregiving is the process of providing personal care and support to someone who is ill or injured. Health caregiving may involve taking on tasks such as bathing, dressing, feeding, and helping with activities of daily living.
Some of the major companies in the health caregiving market are Seniorlink, Inc., GreatCall, UnaliWear Inc., Cariloop, Inc., HomeHero Inc., Hometeam, Honor Technology Inc..
The health caregiving market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Health Caregiving Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Health Caregiving Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Health Caregiving Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Health Caregiving Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Health Caregiving Market Size & Forecast, 2020-2028
4.5.1 Health Caregiving Market Size and Y-o-Y Growth
4.5.2 Health Caregiving Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Physical
5.2.2 Psychological
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Home
6.2.2 Hospital
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Health Caregiving Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Health Caregiving Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Physical
9.6.2 Psychological
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Home
9.10.2 Hospital
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Physical
10.6.2 Psychological
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Home
10.10.2 Hospital
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Physical
11.6.2 Psychological
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Home
11.10.2 Hospital
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Physical
12.6.2 Psychological
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Home
12.10.2 Hospital
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Physical
13.6.2 Psychological
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Home
13.10.2 Hospital
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Health Caregiving Market: Competitive Dashboard
14.2 Global Health Caregiving Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Seniorlink, Inc.
14.3.2 GreatCall
14.3.3 UnaliWear Inc.
14.3.4 Cariloop, Inc.
14.3.5 HomeHero Inc.
14.3.6 Hometeam
14.3.7 Honor Technology Inc.
