Latest News- Home Healthcare Market: Products is expected to lead the Type segment during 2025-2029

The Home Healthcare Market is being driven by Quality of home healthcare increasing patient satisfaction

The Home Healthcare Market is expected to grow at a CAGR of 15.2% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 492.7 million. In accordance with the Centers for Disease Control and Prevention (CDC), lifestyle diseases are conditions resulting from unhealthy habits such as smoking, excessive alcohol consumption, and insufficient physical activity. Notable lifestyle diseases encompass stroke, heart disease, obesity, diabetes, hypertension, and liver cirrhosis. Chronic diseases, including stroke, heart disease, diabetes, and chronic respiratory diseases, were the leading causes of mortality in the United States in 2023. Approximately 129 million Americans were diagnosed with at least one chronic disease in 2024, while approximately 77 million dealt with multiple chronic conditions. The annual death toll from diabetes in the US reached approximately 1.05 million in 2023. The prevalence of chronic non-communicable diseases has escalated in the past 50 years, posing a significant health concern for the younger population. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • Products
  • Services
  • Solutions
• Application
  • Medical treatment
  • Preventive healthcare
• Age Group
  • Adults
  • Geriatric
  • Pediatric
• Disease Type
  • Cardiovascular disorder and hypertension
  • Diabetes and kidney disorders
  • Cancer
  • Wound care
  • Others
• Geography
  • North America
    • Canada
    • Mexico
    • US
  • Europe
    • Germany
    • UK
    • France
  • Asia
    • China
    • India
    • Japan
  • Rest of World (ROW)

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Quality of home healthcare increasing patient satisfaction
• Growing demand to prevent infections and ensure patient safety
• Rise in geriatric population

However, the market also witnesses some limitations, which are as follows:

• Lack of home HCPs
• Fraud associated with home healthcare
• Limited insurance coverage and reimbursements

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Market Scope in Home Healthcare Market Research Report

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Research Analysis Overview

The Home Healthcare Market encompasses various services including Home-based Respite Care, Adult Day Care, Assisted Living, Hospice at Home, Post-Acute Care, Rehabilitation Services, Cognitive Decline Management, Dementia Care, Alzheimer's Care, Fall Prevention, Medication Reconciliation, Nutrition Counseling, Pain Management, End-of-Life Care, Bereavement Support, Caregiver Support, Home Safety Assessment, Home Modifications, Remote Monitoring Devices, Wearable Health Technology, Predictive Analytics, Machine Learning, Direct Contracting, Age-Based Segmentation, Disease-Based Segmentation, Care Needs Segmentation. Home Healthcare Marketing utilizes Digital Marketing, Social Media Marketing, Content Marketing, Home Healthcare Advocacy, Patient Education, Community Outreach, and Home Healthcare Policy to reach and serve clients effectively.

Market Research Overview

The Home Healthcare Market, as identified by Technavio, is a significant segment within the expansive Global Healthcare Equipment Market. This market encompasses providers of In-home Care, Skilled Nursing Care, Palliative Care, Hospice Care, and Personal Care Services. The parent Global Healthcare Equipment Market entails companies and research and development (R&D) activities in the domain of capital equipment, instruments, implants, accessories, and consumables, which are integral to the diagnosis, monitoring, and treatment of diverse diseases. Technavio's market analysis calculates the Global Healthcare Equipment Market size based on the consolidated revenue generated by manufacturers of diagnostic equipment and devices across various therapy areas. The Healthcare Equipment Industry is segmented into Devices, which includes advanced, differentiated, and clinically tested data-driven devices.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/