Market Overview:
The global home health care services market is expected to grow at a CAGR of 7.5% during the forecast period 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 health care services. In addition, technological advancements in the home health care sector are also contributing to the growth of this market. Based on type, the global home health care services market is segmented into custodial care and skilled nursing care. Skilled nursing care dominates this market and is expected to grow at a CAGR of 8% during the forecast period from 2018 to 2030. This can be attributed to increasing demand for skilled nurses for providing long-term medical support and assistance in patients’ homes across all regions globally.
Product Definition:
Home health care services are a type of medical care that is provided in the home. This type of care can include things like wound care, medication management, and physical therapy. Home health care can be important for a number of reasons. For one, it can allow people to stay in their homes and receive the necessary medical treatment they need while still being able to live in their own community. Additionally, home health care services can often be more affordable than other types of medical treatments.
Custodial Care:
Custodial care is a form of medical and nursing care provided in the home. It includes taking care of patients who are unable to take care of themselves, or with no family or friends able to take care of them. The major factor driving the growth factor for this market is an increase in geriatric population which has a higher chance for various chronic diseases and requires constant medical attention.
Skilled Nursing Care:
Skilled nursing care is medical assistance provided by trained nurses or other healthcare professionals such as physician. Skilled nursing care services are generally used for patients who need around-the-clock monitoring and extra attention to meet their personal needs. Skilled nursing care services include taking vital signs, providing medication, offering 24/7 companionship and assisting with daily activities along with physical therapies.
Application Insights:
The application of the global home health care services market is categorized into female and male. The female segment held a larger share in 2017 owing to the presence of products specifically designed for women¢â‚¬â„¢s healthcare needs. For instance, There are various types of feminine hygiene products such as sanitary pads, panty liners, tampons etc., which are designed specifically for women. These products have been gaining popularity among younger generation females all over the world due to their ease of use and availability at lower prices than that charged by hospitals or medical stores. This trend is expected to continue over next few years as more and more companies introduce these types of feminine hygiene products under their brand name across the globe thereby driving demand globally for home healthcare services market.
Regional Analysis:
North America dominated the global home health care services market in 2017. The presence of a large number of players, high awareness levels regarding in-home healthcare, and favorable reimbursement policies are some factors driving the growth. In addition, an increase in chronic diseases that require long-term treatment at home is expected to drive demand for these services over the forecast period.
Asia Pacific is anticipated to be one of the fastest growing markets owing to increasing geriatric population and prevalence of chronic conditions such as cardiovascular disease (CVD), diabetes, cancer among others which can be treated at home by providing skilled nursing or custodial care by a trained professional rather than going to a hospital outpatient department every day. This will help patients avoid unnecessary hospital visits and reduce costs associated with it thus boosting demand for HHCs over the forecast period.
Growth Factors:
- Increasing geriatric population: The global geriatric population is expected to grow at a CAGR of 6.5% from 2016 to 2020, reaching 1.6 billion by 2020. This will create a large pool of patients for home health care services providers to cater to.
- Rising incidence of chronic diseases: The prevalence of chronic diseases such as heart disease, stroke, and diabetes is increasing rapidly across the world due to changing lifestyles and aging populations. This is leading to an increase in the demand for home health care services as these conditions can be managed more effectively through early diagnosis and treatment in the comfort of patients' homes.
- Government initiatives supporting home health care: Governments around the world are increasingly recognizing the benefits of home health care and are implementing policies and programs that support its growth potentials such as tax breaks or subsidies for patients opting for this mode of treatment/care delivery over hospitalization or institutionalization .This is likely to drive market growth in coming years .
Scope Of The Report
Report Attributes
Report Details
Report Title
Home Health Care Services Market Research Report
By Type
Custodial Care, Skilled Nursing Care
By Application
Female, Male
By Companies
Brookdale Senior Living, Sunrise Senior Living, Emeritus Corporation, Atria Senior Living Group, Extendicare, Gentiva Health Services, Senior Care Centers of America, Kindred Healthcare, Genesis Healthcare Corp., Home Instead Senior Care
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
238
Number of Tables & Figures
167
Customization Available
Yes, the report can be customized as per your need.
Global Home Health Care Services Market Report Segments:
The global Home Health Care Services market is segmented on the basis of:
Types
Custodial Care, Skilled Nursing Care
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
Female, Male
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:
- Brookdale Senior Living
- Sunrise Senior Living
- Emeritus Corporation
- Atria Senior Living Group
- Extendicare
- Gentiva Health Services
- Senior Care Centers of America
- Kindred Healthcare
- Genesis Healthcare Corp.
- Home Instead Senior Care
Highlights of The Home Health Care Services 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:
- Custodial Care
- Skilled Nursing Care
- By Application:
- Female
- Male
- 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 Home Health Care Services 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
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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?
Home health care services are a type of long-term care that provide assistance with activities of daily living. Home health aides may help with bathing, dressing, eating, and other basic needs. Home health care can be provided in the home or in a nursing home.
Some of the key players operating in the home health care services market are Brookdale Senior Living, Sunrise Senior Living, Emeritus Corporation, Atria Senior Living Group, Extendicare, Gentiva Health Services, Senior Care Centers of America, Kindred Healthcare, Genesis Healthcare Corp., Home Instead Senior Care.
The home health care services 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 Home Health Care Services 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 Home Health Care Services Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Home Health Care Services 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 Home Health Care Services 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 Home Health Care Services Market Size & Forecast, 2020-2028
4.5.1 Home Health Care Services Market Size and Y-o-Y Growth
4.5.2 Home Health Care Services 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 Custodial Care
5.2.2 Skilled Nursing Care
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 Female
6.2.2 Male
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Home Health Care Services 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 Home Health Care Services 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 Custodial Care
9.6.2 Skilled Nursing Care
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 Female
9.10.2 Male
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 Custodial Care
10.6.2 Skilled Nursing Care
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 Female
10.10.2 Male
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 Custodial Care
11.6.2 Skilled Nursing Care
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 Female
11.10.2 Male
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 Custodial Care
12.6.2 Skilled Nursing Care
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 Female
12.10.2 Male
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 Custodial Care
13.6.2 Skilled Nursing Care
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 Female
13.10.2 Male
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 Home Health Care Services Market: Competitive Dashboard
14.2 Global Home Health Care Services Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Brookdale Senior Living
14.3.2 Sunrise Senior Living
14.3.3 Emeritus Corporation
14.3.4 Atria Senior Living Group
14.3.5 Extendicare
14.3.6 Gentiva Health Services
14.3.7 Senior Care Centers of America
14.3.8 Kindred Healthcare
14.3.9 Genesis Healthcare Corp.
14.3.10 Home Instead Senior Care
