Home Care Services Market Analysis

Home Care Services: Market Segmentation

Home care services can be broadly segmented into health and non-health home care. Home health care services include diagnostic and monitoring services, medical supplies, and therapeutic services. It is projected that home healthcare services market will witness a single-digit CAGR through 2020. The non-health home care services segment includes personal hygiene care and companionship services. Personal hygiene segment further includes cooking and housekeeping, grocery shopping, and bathing and grooming assistance.

Key Drivers and Regions for the Global Home Care Services Market

Asia Pacific, the U.S. And Western Europe are projected to be the key regions for the growth of the global home care services market. The burgeoning elder population in Asia Pacific, especially in densely populated countries of India and China is expected to fuel the demand for the home care services market. The easy availability of home care service providers and increase in chronic diseases are projected to be the reasons that will fuel the global home care services market. The cost effectiveness of home care services is anticipated to augur well for the growth of the home care services market in Western Europe.

Key Challenges for the Global Home Care Services Market

Lack of trained workers remains a key challenge for the growth of the global home care services market. The leading companies in the global home care services market have stringent hiring procedures and they focus on imparting the right training to their staff. However, new entrants in the market are lax about the history of the workers and they do not have the resources or the budget to train them. This remains a key challenge for the growth of the global home care services market.

Key Players in the Global Home Care Services Market

The prominent home healthcare service provider companies are Apria Healthcare Group (U.S.), Alere, Inc. (U.S.), Fresenius Se & Co KGAa (Germany), GE Healthcare (U.K), and B. Braun Melsungen AG (Germany). These companies have registered their presence among the consumers and it is projected that during the forecast period, these companies will further consolidate their position.

This research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data and statistically-supported and industry-validated market data and projections with a suitable set of assumptions and methodology. It provides analysis and information by categories such as market segments, regions, product type and distribution channels.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.