North America Home Healthcare Market (2024 - 2030) Size, Share & Trends Analysis Report By Component (Equipment, Services), By Indication (Cardiovascular Disorder & Hypertension, Cancer), By Region And Segment Forecasts

Market Size & Trends

The North America home healthcare market size was valued at USD 169.76 billion in 2023 and is projected to grow at a CAGR of 7.7% from 2024 to 2030. This can be attributed to growing geriatric population and increasing need for healthcare services at home. According to America’s Health rankings, nearly 58 million adults aged 65 and older lived in the U.S. in 2022. In addition, the increasing prevalence of chronic diseases such as obesity, coronary heart disease, diabetes, and other diseases along with favorable reimbursement for home healthcare equipment, are important factors driving the North America market.

Source: Grand View Research, IR Documents, Primary Interviews, Paid Databases

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One of the key factors to fuel the growth of home healthcare market is its cost effectiveness, as older patients prefer home healthcare services after surgery or hospital treatment to shorten their hospital stay, resulting in higher demand for home healthcare services. Home healthcare provides a safe environment to patients, as they can feel secure in their own homes.

The advancement in remote monitoring technologies and telehealth enable healthcare providers to provide high-quality care to patients in their homes. These technologies enable immediate tracking of medication compliance, vital signs, and wound recovery. The personalized care offered in home healthcare helps in speedy recovery of patients, leading to growth in home healthcare market.

Component Insights

The services segment accounted for the largest market share of 84.1% in 2023. The segment is further divided into skilled and unskilled homecare. Different services such as nutritional support, nursing care, hospice & palliative, physician primary care, and others are offered by home healthcare services. The accurate diagnosis and medical treatment offered by skilled healthcare is attributing the segment growth. The minimization in risk of errors and complications during the treatment not only enhances patient safety but also decreases the necessity for extra interventions.

The equipment segment is expected to register the fastest CAGR of 8.6% during the forecast period. The segment is divided into therapeutic, diagnostic, and mobility assist segments. Various equipment such as home respiratory, diabetic care unit, walking assist devices, home IV pumps, and others are included in these segment. The continuous development in medical technology plays a significant role in increasing the demand for this segment. The growing focus on early disease detection, robotic-assisted procedures, minimally invasive surgeries, is made possible due to the use of advanced medical equipment.   

Indication Insights

The diabetes & kidney disorders segment accounted for the largest market share in 2023. According to American Diabetes Association, 38.4 million Americans were diagnosed with diabetes in 2021. Various home healthcare measures such as diet control, physical exercise, monitoring blood glucose level, and taking care of feet can help in lowering the adverse effects of diabetes and kidney disorders. Chronic disorders lead to a continuous requirement for medical care and supervision, fueling the expansion of the market for medical equipment, dialysis facilities, and drugs.

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The mobility disorders segment is projected to grow at the fastest CAGR over the forecast period. According to Centers for Disease Control and Prevention in 2024, 12.2 percent of adults in the U.S. experience mobility issues that significantly affect their ability to walk or climb stairs. The growing geriatric population has chances to require chronic disease assistance with daily tasks, which can be efficiently provided through home healthcare services. By implementing physical, occupational, and speech therapy individuals can recover independence following surgeries or injuries that impact their physical function.  

Regional Insights

North America home healthcare market held a substantial revenue share in 2023. The significant increase in elderly population, leading to rise in demand for home healthcare facilities. The advanced healthcare facilities is attracting individuals for speedy and efficient recovery. Due to growing disposable income, patients can afford the home healthcare services.

U.S. Home Healthcare Market Trends

The U.S. home healthcare market dominated the North America market with a share of 90.0% in 2023 due to advanced healthcare infrastructure. The increasing prevalence of several chronic diseases among the U.S. population is driving the demand for affordable and convenient healthcare option. In addition, the emergence of research and development in the health industry is allowing various advancements in medical equipment leading to growth in the home healthcare market.    

Key North America Home Healthcare Company Insights

Some key companies in North America home healthcare market include B. Braun SE, 3M, Medtronic, Baxter, Cardinal Health, Bayer AG, OMRON Healthcare, Inc., F. Hoffmann-La Roche Ltd, ARKRAY, Inc., and others. The introduction of new service models, patient preference for at-home care, and positive reimbursement scenarios present potential benefits to the market players appealing to new players. Existing healthcare organizations are also expanding their service portfolio to include home healthcare services.

• Baxter offers broad solutions to empower healthcare professionals to offer personalized care. It offers products for healthcare professionals for hospital care, primary care, kidney care, surgical care, nutritional care and others.

Recent Developments

• In June 2023, Amedisys a prominent provider of provider of hospice, home health, and high-acuity care agreed to combine with Optum, a diversified health services company. The merger of Amedisys and Optum combines two groups dedicated to providing patient-focused, value-based comprehensive care for patients.

North America Home Healthcare Market Report Segmentation

This report forecasts revenue growth at regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the North America home healthcare market report based on component, indication, and region:

• Component Outlook (Revenue, USD Million, 2018 - 2030)

  • Equipment

    • Therapeutic

      • Home Respiratory Equipment

      • Insulin Delivery Market

      • Home IV Pumps

      • Home Dialysis Equipment

      • Other Therapeutic Equipment

    • Diagnostic

      • Diabetic care unit

      • BP monitors

      • Multi para diagnostic monitors

      • Home pregnancy and fertility kits

      • Apnea and sleep monitors

      • Holter monitors

      • Heart rate meters(include pacemakers)

      • Other

    • Mobility Assist  

      • Wheel chair

      • Home medical furniture

      • Walking assist devices

  • Services

    • Skilled Home Healthcare

      • Physician Primary Care

      • Nursing Care

      • Physical/occupational/speech therapy

      • Nutritional Support

      • Hospice & Palliative

      • Other skilled nursing services

    • Unskilled Home Healthcare

• Indication Outlook (Revenue, USD Million, 2018 - 2030)

  • Cardiovascular Disorder & Hypertension

  • Diabetes & Kidney Disorders

  • Neurological & Mental Disorders

  • Respiratory Disease & COPD

  • Maternal Disorders

  • Mobility Disorders

  • Cancer

  • Wound Care

  • Others

• Regional Outlook (Revenue, USD Million, 2018 - 2030)

  • North America

    • U.S.

    • Canada

    • Mexico