Technological developments are expected to facilitate home healthcare market expansion. Innovation in the market is being driven by technological applications such as, telemedicine and remote patient monitoring. These technologies allow home health agencies to monitor patients remotely and provide timely interventions, which may improve patient outcomes and reduce healthcare costs. The integration of remote patient monitoring devices, such as smart sensors, telehealth platforms, medical monitoring devices, and many more, is expected to increase demand for these services globally.
WESTFORD, Mass., Aug. 14, 2025 /PRNewswire/ -- SkyQuest Technology Consulting published a report, titled, Home Healthcare Market - Global Opportunity Analysis and Industry Forecast, 2025-2032", valued at USD 272.79 Billion in 2024. With a projected CAGR of 8.9% from 2025 to 2032, the market is expected to reach USD 539.58 Billion by the end of 2032. This can be explained by the increasing use of virtual and remote care as well as, the growing need for less expensive alternatives to lower the rising costs of healthcare.
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Home Healthcare Market Key Growth Drivers
The home healthcare industry is experiencing a great deal of innovation. Technology like telemedicine and remote patient monitoring are also driving innovation in the market. For instance, in August 2024, LG and Amwell unveiled the Carepoint TV Kit, which adds state-of-the-art monitoring capabilities to LG healthcare TVs that were already in use. This solution allows doctors to communicate with patients remotely, allowing for virtual monitoring and consultations in lieu of in-person visits. The product enables efficient management of patient admission, discharge processes, and care coordination from a single location.
The home healthcare sector is highly promising, amid the increasing trend that telehealth services, AI diagnostics, and remote patient monitoring are drawing in clients. The rising chronic diseases and aging-population population, probably push the demand for customized in-home-care solutions. With the advancement in digital health-aimed platforms and portable medical apparatus, it is now feasible to provide care outside the bounds of traditional clinics always available, cheap, and easily accessible.
Recent Developments in Home Healthcare Market
- In April 2025, to expand its operations across India, Aster DM Healthcare announced in April 2025 that it would invest USD 163.9 million over the next five years. This initiative is part of a broader strategy to raise the standard, affordability, and accessibility of healthcare nationwide.
- In August 2024, Vivid Health entered the at-home care market with the intention of assisting clinical staff in completing time-consuming but necessary assessment forms more quickly. Reducing employee burnout and increasing operational capacity are the goals of this program. Furthermore, three organizations that provide home healthcare or hospital-at-home services are attempting to adopt Vivid's solution.
- In July 2024, Star Health and Allied Insurance Company expanded its portfolio to include home healthcare services, which are now available in over 50 Indian cities. This initiative is part of a broader strategy to increase consumers' access to and affordability of healthcare, particularly in view of rising healthcare costs and the challenges brought on by insufficient infrastructure.
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Competitive Landscape
Through mergers, service diversification, and telehealth integration, major companies like Amedisys, LHC Group, Bayada Home Health Care, and Kindred at Home are controlling the cutthroat home healthcare market. While Amedisys concentrated on expanding hospice services, LHC Group leverages hospital relationships. Bayada invests in caregiver education and digital technologies. To improve patient outcomes and operational effectiveness across home-based care models, new businesses concentrate on chronic care management and AI-powered remote monitoring.
The major players in the Blockchain industry include,
- Philips Healthcare
- Siemens Healthineers
- Medtronic
- B. Braun
- Fresenius Kabi
- Abbott Laboratories
- GE Healthcare
- Omron Healthcare
- Amedisys
- Linde Healthcare
- Bayada Home Health Care
- Sunrise Home Healthcare
- ResMed
- Medline Industries
- Baxter International
- Invacare Corporation
- Cardinal Health
- Contec Medical Systems
- Advin Health Care
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Major Challenges in Home Healthcare Industry
The shortage of qualified workers, such as nurses and home health aides, is one of the main issues facing the home healthcare industry. WHO estimates that over 15 million healthcare workers will go missing globally by 2024. This deficiency primarily affected home-based services. This deficiency not only makes it more difficult for patients to receive care, but it also wears out caregivers and lowers the standard of care, particularly for elderly and remote patients.
Inconsistent and challenging methods of service payment continue to impede the expansion of the home healthcare industry. According to over 30% of home healthcare providers in developed regions, insurance payments were either denied or delayed in 2025 due to coding issues and conflicting regulations. These issues hinder smaller businesses from entering or growing in the market and make it difficult for service providers to turn a profit. Many patients find it more difficult to obtain reasonably priced treatment as a result.
Home Healthcare Market Segmental Analysis
The global home healthcare market is segmented into component, indication, and region. By component, the market is classified into equipment and services. Depending on the indication, it is divided into cardiovascular disorders & hypertension, diabetes & kidney disorders, neurological & mental disorders, respiratory disease & COPD, maternal disorders, mobility disorders, cancer, and wound care.
- By component, the service segment dominated the market in 2024. Numerous home-based healthcare services fall under this category. The aging population is one of the primary drivers of this growth; as people age, they often require more assistance with daily tasks and medical care.
- By indications, the neurological and mental disorder segment led the market in 2024 because of the increasing prevalence of these conditions. Neurological disorders like epilepsy, Parkinson's disease, multiple sclerosis, stroke, Alzheimer's disease, and other dementias can affect the brain, spine, and nerves.
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Regional Outlook
- North America's home healthcare market was the largest in the world in 2024. The primary drivers of the market's growth are the region's aging population, sophisticated healthcare system, and relatively high disposable incomes.
- The home healthcare market in Europe is anticipated to grow significantly due to the high prevalence of CVD. A study published in October 2024, by the Nation Center for Biotechnology Information (NCBI) found that cardiovascular disease (CVD) accounts for about 11% of all healthcare spending in the EU, making it a significant public health concern. This figure illustrates the financial burden that CVD places on healthcare systems across all member countries.
- The Asia Pacific home healthcare market is thought to be growing at the fastest rate. Due to factors like chronic illnesses that require long-term care, expensive in-hospital healthcare facilities, and an inadequate healthcare infrastructure, the number of home healthcare products and services is increasing.
- The Latin American home healthcare market is anticipated to expand considerably during the forecast period. Cultural changes that emphasize family participation in caregiving have raised the demand for home healthcare services.
- The home healthcare market in the Middle East and Africa is anticipated to expand considerably during the forecast period. The primary factors propelling market expansion in this sector are the growing prevalence of chronic illnesses and consumers' desire for more customized care. One of the primary reasons for this expansion is the aging of the populations in many of the nations in the region.
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SkyQuest Technology Consulting is a leading Strategy Consulting and Market Research firm, provides syndicated as well as customized research reports and growth consulting services, trusted by CXOs from Fortune 500 Companies, Start-ups, and MSMEs. The company comprises a team of expert research analysts and consultants, adding more than 1200 market research reports in our database each year. These reports offer in-depth analysis on 40+ industries & sub industries across 25 major countries worldwide, serving global clients across diverse industries. The company specializes in delivering customized intelligence, data-driven insights, and strategic advisory services that enable businesses to stay competitive and make informed decisions in rapidly evolving industries.
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