[250 Pages Report] The home care services market is slated to grow at a CAGR of 9% during 2022-2032.
“Demand for private home care services for maid will remain high as individuals working in dual working households find it difficult to manage work and home together.”
With time being in short supply and the onset of smartphones along with the internet, home care services are a perfect fit to serve the present generation. While every tin item is available online, consumers are seeking home care services too.
As per Forbes, three-quarters of the workforce will consist of millennial who prefer using smartphones instead of pliers. Established home care service providers are shifting from conventional models of customer services – real estate and property management – to on-demand home care services to remain competitive in the marketplace.
Attributes
Details
Home Care Services Market Size (2020)
US$ 16 Billion
Home Care Services Market (2022 to 2032)
9%
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What are the Drivers of the Home Care Services Market?
“In-home care services for seniors will rise as number of elderly populace are living independently.”
With lives becoming considerably faster and convenience gaining top priority among consumers, home care services are witnessing ever-increasing demand.
Majority of home care service users – about 55% - browse through various websites before scheduling appointments. Several home care service agencies are investing in digital solutions, such as smartphone apps, to fetch a larger consumer base.
Recent studies reveal that about 78% of local searches on smartphones result in purchases within 24 hours. Players entering into the digital ecosystem will increase their odds for better returns. Furthermore, the presence of cost-effective solutions to set up on-demand delivery apps is lowering the bars for new market entrants.
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What are the Growth Restraints in the Home Care Services Market?
“As financial assistance is difficult to come by, numerous home care providers are experimenting with various advantages to make it more reasonable.”
The home care services market is primarily facing the challenge of low availability of labor force. Majority of laborers are turning to industrial areas, wherein demand for workforce is ever-growing in tandem with better payroll.
Moreover, lack of skilled workers is setting forth a huge challenge for market players. Leading home care providers are conducting stringent hiring processes and are focusing on imparting proper training to their existing staff, as well as trying to give affordable assistance to the users.
That being said, emerging players in the market are lax regarding the professional history of their workers and lack ample resources or budget to up-skill them.
What is the Impact of COVID-19 on the Home Care Services Market?
Due to the COVID-19 pandemic, demand for private home care services, such as cooking and housekeeping, and companionship services are witnessing notable decline.
On the flip side, adoption of home care services is increasing in the commercial sector. As the corporate and manufacturing sectors are coming back to normal, cleaning and sanitization regimens are becoming a necessity in every nook and corner of workplaces.
Moving forward, several private healthcare centers are providing home care services to COVID-19 patients in home quarantine. Especially in India, the government has allowed home treatment for patients who can undergo self-isolation without affecting other members at home.
“North America continues to offer opportunities of growth and profitability in the global health care service market over the following decade.”
Easy availability of labor in tandem with rising chronic disease cases are majorly responsible for home care services in the region. In the US alone, cardiovascular diseases (CVD) and cancer account for nearly half of mortalities.
In addition, in-home elderly care services are high, with about 97% requiring aid with bathing, and 91% requiring aid transferring in and out of bed. While the majority of home care services in the US are Medicare certified, about 80% are Medicaid certified.
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Key Segments
Attributes
Details
Forecast Period
2022 to 2032
Historical Data available for
2015 to 2020
Market Analysis
USD Million for Value
By Duration
Daily
Weekly
Monthly
Quarterly
Annually
By Service
Maid services
Nursing services
Healthcare services
By Region
North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle East & Africa
Key Players
Apria Healthcare Group
Alere, Inc.
Fresenius Se & Co KGAa
GE Healthcare,
B. Braun Melsungen AG.
Frequently Asked Questions
The home care services market is expected to register a CAGR of 9% from 2022 to 2032.
The healthcare sector is a key driver in the home care services market.
The North American region is anticipated to dominate the home care services market during the forecast period.
The home care services market is likely to hold a valuation of US$ 45 billion by 2032.
The current valuation of the home care services market in 2022 is US$ 19.01 billion.
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Investment Feasibility Matrix
3.6. PESTLE and Porter’s Analysis
3.7. Regulatory Landscape
3.7.1. By Key Regions
3.7.2. By Key Countries
3.8. Regional Parent Market Outlook
4. Global Market Analysis 2017-2021 and Forecast, 2022-2032
4.1. Historical Market Size Value (US$ Mn) Analysis, 2017-2021
4.2. Current and Future Market Size Value (US$ Mn) Projections, 2022-2032
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2017-2021 and Forecast 2022-2032, By Service Type
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Mn) Analysis By Service Type, 2017-2021
5.3. Current and Future Market Size Value (US$ Mn) Analysis and Forecast By Service Type, 2022-2032
5.3.1. Home Health Care Services
5.3.2. Home Non-Health Care Services
5.4. Y-o-Y Growth Trend Analysis By Service Type, 2017-2021
5.5. Absolute $ Opportunity Analysis By Service Type, 2022-2032
Deep-dive segmentation will be available in the sample on request
6. Global Market Analysis 2017-2021 and Forecast 2022-2032, By Region
6.1. Introduction
6.2. Historical Market Size Value (US$ Mn) Analysis By Region, 2017-2021
6.3. Current Market Size Value (US$ Mn) Analysis and Forecast By Region, 2022-2032
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa
6.4. Market Attractiveness Analysis By Region
7. North America Market Analysis 2017-2021 and Forecast 2022-2032, By Country
7.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021
7.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032
7.2.1. By Country
7.2.1.1. U.S.
7.2.1.2. Canada
7.2.2. By Service Type
7.3. Market Attractiveness Analysis
7.3.1. By Country
7.3.2. By Service Type
7.4. Key Takeaways
8. Latin America Market Analysis 2017-2021 and Forecast 2022-2032, By Country
8.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021
8.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032
8.2.1. By Country
8.2.1.1. Brazil
8.2.1.2. Mexico
8.2.1.3. Rest of Latin America
8.2.2. By Service Type
8.3. Market Attractiveness Analysis
8.3.1. By Country
8.3.2. By Service Type
8.4. Key Takeaways
9. Europe Market Analysis 2017-2021 and Forecast 2022-2032, By Country
9.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021
9.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032
9.2.1. By Country
9.2.1.1. Germany
9.2.1.2. U.K.
9.2.1.3. France
9.2.1.4. Spain
9.2.1.5. Italy
9.2.1.6. Russia
9.2.1.7. Rest of Europe
9.2.2. By Service Type
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Service Type
9.4. Key Takeaways
10. Asia Pacific Market Analysis 2017-2021 and Forecast 2022-2032, By Country
10.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021
10.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032
10.2.1. By Country
10.2.1.1. China
10.2.1.2. Japan
10.2.1.3. India
10.2.1.4. South Korea
10.2.1.5. Australia
10.2.1.6. Rest of APAC
10.2.2. By Service Type
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Service Type
10.4. Key Takeaways
11. Middle East and Africa Market Analysis 2017-2021 and Forecast 2022-2032, By Country
11.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021
11.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032
11.2.1. By Country
11.2.1.1. South Africa
11.2.1.2. Saudi Arabia
11.2.1.3. UAE
11.2.1.4. Israel
11.2.1.5. Rest of MEA
11.2.2. By Service Type
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Service Type
11.4. Key Takeaways
12. Key Countries Market Analysis
12.1. U.S.
12.1.1. Pricing Analysis
12.1.2. Market Share Analysis, 2021
12.1.2.1. By Service Type
12.2. Canada
12.2.1. Pricing Analysis
12.2.2. Market Share Analysis, 2021
12.2.2.1. By Service Type
12.3. Brazil
12.3.1. Pricing Analysis
12.3.2. Market Share Analysis, 2021
12.3.2.1. By Service Type
12.4. Mexico
12.4.1. Pricing Analysis
12.4.2. Market Share Analysis, 2021
12.4.2.1. By Service Type
12.5. Germany
12.5.1. Pricing Analysis
12.5.2. Market Share Analysis, 2021
12.5.2.1. By Service Type
12.6. U.K.
12.6.1. Pricing Analysis
12.6.2. Market Share Analysis, 2021
12.6.2.1. By Service Type
12.7. France
12.7.1. Pricing Analysis
12.7.2. Market Share Analysis, 2021
12.7.2.1. By Service Type
12.8. Spain
12.8.1. Pricing Analysis
12.8.2. Market Share Analysis, 2021
12.8.2.1. By Service Type
12.9. Italy
12.9.1. Pricing Analysis
12.9.2. Market Share Analysis, 2021
12.9.2.1. By Service Type
12.10. Russia
12.10.1. Pricing Analysis
12.10.2. Market Share Analysis, 2021
12.10.2.1. By Service Type
12.11. China
12.11.1. Pricing Analysis
12.11.2. Market Share Analysis, 2021
12.11.2.1. By Service Type
12.12. Japan
12.12.1. Pricing Analysis
12.12.2. Market Share Analysis, 2021
12.12.2.1. By Service Type
12.13. India
12.13.1. Pricing Analysis
12.13.2. Market Share Analysis, 2021
12.13.2.1. By Service Type
12.14. South Korea
12.14.1. Pricing Analysis
12.14.2. Market Share Analysis, 2021
12.14.2.1. By Service Type
12.15. Australia
12.15.1. Pricing Analysis
12.15.2. Market Share Analysis, 2021
12.15.2.1. By Service Type
12.16. South Africa
12.16.1. Pricing Analysis
12.16.2. Market Share Analysis, 2021
12.16.2.1. By Service Type
12.17. Saudi Arabia
12.17.1. Pricing Analysis
12.17.2. Market Share Analysis, 2021
12.17.2.1. By Service Type
12.18. UAE
12.18.1. Pricing Analysis
12.18.2. Market Share Analysis, 2021
12.18.2.1. By Service Type
12.19. Israel
12.19.1. Pricing Analysis
12.19.2. Market Share Analysis, 2021
12.19.2.1. By Service Type
13. Market Structure Analysis
13.1. Competition Dashboard
13.2. Competition Benchmarking
13.3. Market Share Analysis of Top Players
13.3.1. By Regional
13.3.2. By Service Type
14. Competition Analysis
14.1. Competition Deep Dive
14.1.1. Australian Home Care Services
14.1.1.1. Overview
14.1.1.2. Product Portfolio
14.1.1.3. Profitability by Market Segments
14.1.1.4. Sales Footprint
14.1.1.5. Strategy Overview
14.1.1.5.1. Marketing Strategy
14.1.2. Apria Healthcare Group Inc.
14.1.2.1. Overview
14.1.2.2. Product Portfolio
14.1.2.3. Profitability by Market Segments
14.1.2.4. Sales Footprint
14.1.2.5. Strategy Overview
14.1.2.5.1. Marketing Strategy
14.1.3. B. Braun Melsungen AG
14.1.3.1. Overview
14.1.3.2. Product Portfolio
14.1.3.3. Profitability by Market Segments
14.1.3.4. Sales Footprint
14.1.3.5. Strategy Overview
14.1.3.5.1. Marketing Strategy
14.1.4. Blue Ribbon Community Care Ltd
14.1.4.1. Overview
14.1.4.2. Product Portfolio
14.1.4.3. Profitability by Market Segments
14.1.4.4. Sales Footprint
14.1.4.5. Strategy Overview
14.1.4.5.1. Marketing Strategy
14.1.5. Fresenius Se & Co KGAa
14.1.5.1. Overview
14.1.5.2. Product Portfolio
14.1.5.3. Profitability by Market Segments
14.1.5.4. Sales Footprint
14.1.5.5. Strategy Overview
14.1.5.5.1. Marketing Strategy
14.1.6. GE Healthcare
14.1.6.1. Overview
14.1.6.2. Product Portfolio
14.1.6.3. Profitability by Market Segments
14.1.6.4. Sales Footprint
14.1.6.5. Strategy Overview
14.1.6.5.1. Marketing Strategy
14.1.7. Kindred at Home
14.1.7.1. Overview
14.1.7.2. Product Portfolio
14.1.7.3. Profitability by Market Segments
14.1.7.4. Sales Footprint
14.1.7.5. Strategy Overview
14.1.7.5.1. Marketing Strategy
14.1.8. Homecare Services of SD, Inc.
14.1.8.1. Overview
14.1.8.2. Product Portfolio
14.1.8.3. Profitability by Market Segments
14.1.8.4. Sales Footprint
14.1.8.5. Strategy Overview
14.1.8.5.1. Marketing Strategy
14.1.9. Interim HealthCare Inc.
14.1.9.1. Overview
14.1.9.2. Product Portfolio
14.1.9.3. Profitability by Market Segments
14.1.9.4. Sales Footprint
14.1.9.5. Strategy Overview
14.1.9.5.1. Marketing Strategy
14.1.10. Invacare Corporation
14.1.10.1. Overview
14.1.10.2. Product Portfolio
14.1.10.3. Profitability by Market Segments
14.1.10.4. Sales Footprint
14.1.10.5. Strategy Overview
14.1.10.5.1. Marketing Strategy
15. Assumptions & Acronyms Used16. Research Methodology
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List of Tables
Table 1: Global Market Value (US$ Mn) Forecast by Region, 2017-2032
Table 2: Global Market Value (US$ Mn) Forecast By Service Type, 2017-2032
Table 3: North America Market Value (US$ Mn) Forecast by Country, 2017-2032
Table 4: North America Market Value (US$ Mn) Forecast By Service Type, 2017-2032
Table 5: Latin America Market Value (US$ Mn) Forecast by Country, 2017-2032
Table 6: Latin America Market Value (US$ Mn) Forecast By Service Type, 2017-2032
Table 7: Europe Market Value (US$ Mn) Forecast by Country, 2017-2032
Table 8: Europe Market Value (US$ Mn) Forecast By Service Type, 2017-2032
Table 9: Asia Pacific Market Value (US$ Mn) Forecast by Country, 2017-2032
Table 10: Asia Pacific Market Value (US$ Mn) Forecast By Service Type, 2017-2032
Table 11: Middle East and Africa Market Value (US$ Mn) Forecast by Country, 2017-2032
Table 12: Middle East and Africa Market Value (US$ Mn) Forecast By Service Type, 2017-2032
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List of Charts
Figure 1: Global Market Value (US$ Mn) By Service Type, 2022-2032
Figure 2: Global Market Value (US$ Mn) by Region, 2022-2032
Figure 3: Global Market Value (US$ Mn) Analysis by Region, 2017-2032
Figure 4: Global Market Value Share (%) and BPS Analysis by Region, 2022-2032
Figure 5: Global Market Y-o-Y Growth (%) Projections by Region, 2022-2032
Figure 6: Global Market Value (US$ Mn) Analysis By Service Type, 2017-2032
Figure 7: Global Market Value Share (%) and BPS Analysis By Service Type, 2022-2032
Figure 8: Global Market Y-o-Y Growth (%) Projections By Service Type, 2022-2032
Figure 9: Global Market Attractiveness By Service Type, 2022-2032
Figure 10: Global Market Attractiveness by Region, 2022-2032
Figure 11: North America Market Value (US$ Mn) By Service Type, 2022-2032
Figure 12: North America Market Value (US$ Mn) by Country, 2022-2032
Figure 13: North America Market Value (US$ Mn) Analysis by Country, 2017-2032
Figure 14: North America Market Value Share (%) and BPS Analysis by Country, 2022-2032
Figure 15: North America Market Y-o-Y Growth (%) Projections by Country, 2022-2032
Figure 16: North America Market Value (US$ Mn) Analysis By Service Type, 2017-2032
Figure 17: North America Market Value Share (%) and BPS Analysis By Service Type, 2022-2032
Figure 18: North America Market Y-o-Y Growth (%) Projections By Service Type, 2022-2032
Figure 19: North America Market Attractiveness By Service Type, 2022-2032
Figure 20: North America Market Attractiveness by Country, 2022-2032
Figure 21: Latin America Market Value (US$ Mn) By Service Type, 2022-2032
Figure 22: Latin America Market Value (US$ Mn) by Country, 2022-2032
Figure 23: Latin America Market Value (US$ Mn) Analysis by Country, 2017-2032
Figure 24: Latin America Market Value Share (%) and BPS Analysis by Country, 2022-2032
Figure 25: Latin America Market Y-o-Y Growth (%) Projections by Country, 2022-2032
Figure 26: Latin America Market Value (US$ Mn) Analysis By Service Type, 2017-2032
Figure 27: Latin America Market Value Share (%) and BPS Analysis By Service Type, 2022-2032
Figure 28: Latin America Market Y-o-Y Growth (%) Projections By Service Type, 2022-2032
Figure 29: Latin America Market Attractiveness By Service Type, 2022-2032
Figure 30: Latin America Market Attractiveness by Country, 2022-2032
Figure 31: Europe Market Value (US$ Mn) By Service Type, 2022-2032
Figure 32: Europe Market Value (US$ Mn) by Country, 2022-2032
Figure 33: Europe Market Value (US$ Mn) Analysis by Country, 2017-2032
Figure 34: Europe Market Value Share (%) and BPS Analysis by Country, 2022-2032
Figure 35: Europe Market Y-o-Y Growth (%) Projections by Country, 2022-2032
Figure 36: Europe Market Value (US$ Mn) Analysis By Service Type, 2017-2032
Figure 37: Europe Market Value Share (%) and BPS Analysis By Service Type, 2022-2032
Figure 38: Europe Market Y-o-Y Growth (%) Projections By Service Type, 2022-2032
Figure 39: Europe Market Attractiveness By Service Type, 2022-2032
Figure 40: Europe Market Attractiveness by Country, 2022-2032
Figure 41: Asia Pacific Market Value (US$ Mn) By Service Type, 2022-2032
Figure 42: Asia Pacific Market Value (US$ Mn) by Country, 2022-2032
Figure 43: Asia Pacific Market Value (US$ Mn) Analysis by Country, 2017-2032
Figure 44: Asia Pacific Market Value Share (%) and BPS Analysis by Country, 2022-2032
Figure 45: Asia Pacific Market Y-o-Y Growth (%) Projections by Country, 2022-2032
Figure 46: Asia Pacific Market Value (US$ Mn) Analysis By Service Type, 2017-2032
Figure 47: Asia Pacific Market Value Share (%) and BPS Analysis By Service Type, 2022-2032
Figure 48: Asia Pacific Market Y-o-Y Growth (%) Projections By Service Type, 2022-2032
Figure 49: Asia Pacific Market Attractiveness By Service Type, 2022-2032
Figure 50: Asia Pacific Market Attractiveness by Country, 2022-2032
Figure 51: Middle East and Africa Market Value (US$ Mn) By Service Type, 2022-2032
Figure 52: Middle East and Africa Market Value (US$ Mn) by Country, 2022-2032
Figure 53: Middle East and Africa Market Value (US$ Mn) Analysis by Country, 2017-2032
Figure 54: Middle East and Africa Market Value Share (%) and BPS Analysis by Country, 2022-2032
Figure 55: Middle East and Africa Market Y-o-Y Growth (%) Projections by Country, 2022-2032
Figure 56: Middle East and Africa Market Value (US$ Mn) Analysis By Service Type, 2017-2032
Figure 57: Middle East and Africa Market Value Share (%) and BPS Analysis By Service Type, 2022-2032
Figure 58: Middle East and Africa Market Y-o-Y Growth (%) Projections By Service Type, 2022-2032
Figure 59: Middle East and Africa Market Attractiveness By Service Type, 2022-2032
Figure 60: Middle East and Africa Market Attractiveness by Country, 2022-2032
