Global Home Care Market Overview 2023-2028
IMARC Group, a leading market research company, has recently releases report titled “Home Care Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global home care market report, share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
The global home care market size reached US$ 150.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 195.8 Billion by 2028, exhibiting a growth rate (CAGR) of 4.28% during 2023-2028.
Home care services, also referred to as in-home care or home health care, encompass a variety of supportive services delivered to individuals within the comfort of their own residences. These services are designed to aid individuals in their activities of daily living (ADLs) and enhance their overall quality of life, especially when they confront challenges related to aging, illness, or disability. They are customized to meet the specific requirements of each person, ensuring that they receive care and support tailored to their unique circumstances. Home care services are a cost-effective alternative to institutionalized care options like nursing homes or assisted living facilities. They empower individuals to maintain their independence by providing assistance with tasks such as bathing, dressing, meal preparation, and medication management, all within the familiarity of their own surroundings. Additionally, these services promote emotional well-being, reduce stress, and foster an increased sense of comfort and security among patients.
Global Home Care Market and Drivers:
The burgeoning elderly population in need of daily living support is a significant factor contributing to a promising market outlook. Additionally, an increasing number of individuals are showing a preference for receiving medical care in the comfort of their own homes rather than in institutionalized settings. This preference stems from their desire to preserve familiar surroundings and maintain a sense of independence, thereby driving market expansion. Furthermore, advancements in medical technology have made it feasible to deliver complex medical treatments and monitoring within a home environment. This expansion has broadened the scope of home care services, extending beyond basic daily task assistance to encompass specialized medical care. Moreover, healthcare systems and insurers are acknowledging the potential cost savings associated with home-based care, which can alleviate the financial burden of expensive healthcare facilities. In addition to these factors, the increasing demand for telehealth and remote monitoring technologies, enabling the remote tracking of vital signs, virtual consultations, and adaptive treatment plans, is further bolstering market growth.
Global Home Care Market 2023-2028 Analysis and Segmentation:
Top Key Players covered in this report are:
Alicorp SAA, Church & Dwight Co. Inc., Henkel AG & Co. KGaA, Kao Corporation, Reckitt Benckiser Group PLC, S.C. Johnson & Son Inc., The Clorox Company, The Procter & Gamble Company and Unilever plc.
The report segmented the market on the basis of region, product type and distribution channel.
Breakup by Product Type:
- Kitchen Care
- Household Care
- Bathroom Care
- Laundry Care
- Others
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Convenience Stores
- Online Stores
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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