Technology development is expected to promote the expansion of the home healthcare market. Market innovation is driven by technical applications such as telehealth and remote patient monitoring. These technologies allow home healthcare organizations to monitor patients remotely and provide timely interventions. This improves patient outcomes and reduces healthcare costs. The integration of remote patient surveillance devices such as smart sensors, telehealth platforms and medical surveillance devices is expected to increase globally in demand for these services.
Westford, Massachusetts., August 14, 2025 /prnewswire/ – Skyquest Technology Consulting has published a report entitled Home Healthcare Market – Global Opportunity Analysis and Industry Forecast, 2025-2032 “, 272.79 US$ 1 billion in 2024. With a CAGR of 8.9% is projected from 2025 to 2032, the market is expected to reach 539.58 US dollars 1 billion by the end of 2032. This can be explained by the increased use of virtual and remote care and the increased need for cheaper alternatives to reduce rising healthcare costs.
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Major growth drivers in the home health market
The home healthcare industry has experienced many innovations. Technologies such as telehealth and remote patient surveillance are also driving market innovation. For example, in August 2024LG and Amwell have announced their CarePoint TV kit. This adds cutting-edge monitoring capabilities to the already in use LG Healthcare TV. This solution allows physicians to communicate remotely with patients, allowing virtual monitoring and consultation instead of face-to-face visits. This product allows efficient management of patient admission, discharge process, and coordination of care from a single location.
The home health sector is extremely promising amid an increasing trend of telehealth services, AI diagnosis and remote patient surveillance drawn to clients. An increase in chronic disease and populations of aging population will likely boost the demand for customized home care solutions. Advances in digital health-acquired platforms and portable medical devices have made it possible to provide care that is always available, inexpensive, easily accessible, and easily accessible outside the scope of traditional clinics.
Recent developments in the home health market
in April 2025Expand its operations Indiaannounced by Aster DM Healthcare April 2025 Investing USD 163.9 million The next five years. This initiative is part of a broader strategy to increase healthcare standards, affordability and accessibility across the country. in August 2024Vivid Health has entered the home care market with the aim of helping clinical staff complete time-consuming but necessary assessment forms more quickly. The program's goal is to reduce employee burnout and improve operational capabilities. Additionally, three organizations providing home health or home services are looking to adopt Vivid's solution. in July 2024Star Health and Allied Insurance Company has expanded its portfolio to include home health services currently available in more than 50 Indian cities. This initiative is part of a broader strategy to increase consumer access and affordability to healthcare, particularly given the challenges posed by rising healthcare costs and inadequate infrastructure.
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A competitive landscape
Through mergers, services diversification and telehealth integration, major companies such as Amedisys, LHC Group, Bayada Home Health Care and Kindred At Home manage the Cutthroat Home Healthcare market. While Amedisys was focused on expanding hospice services, LHC Group is leveraging hospital relationships. Bayada invests in caregiver education and digital technology. To improve patient outcomes and operational effectiveness across the home care model, new businesses are focusing on chronic care management and remote monitoring powered by AI.
The major players in the blockchain industry are:
Philips Healthcare Sea Men's Healthniers Medtroniel B. Brown Fresenius Cavia Bott LaboratoryGE Healthcare Omron Healthcare Lindes Linde Healthcare Bayda Home Healthcare Sunrise Home Healthcare Resid Medline Industry
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Key Challenges in the 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 more than 15 million healthcare workers will be missing worldwide by 2024. This defect mainly affected home services. This deficiency not only makes it more difficult for patients to receive care, but also runs out of caregivers and reduces standard of care, especially for older and remote patients.
Consistent and challenging service payment methods continue to hinder the expansion of the home healthcare industry. More than 30% of local home health providers developed said regulations that conflict with coding issues led to the denying or delaying insurance payments in 2025. These issues prevent small businesses from entering or growing the market, making it difficult for service providers to make profits. Many patients find it more difficult to get treatment at a reasonable price as a result.
Home Healthcare Market Analysis
The global home health market is divided into components, representations and regions. By component, the market is divided into equipment and services. Depending on the indication, it can be divided into cardiovascular and hypertension, diabetes and renal disorders, neurological and mental disorders, respiratory diseases and COPD, maternal disorders, mobility disorders, cancer, and wound care.
Due to components, the services segment dominated the market in 2024. Many home-based healthcare services fall into this category. Aging population is one of the main factors behind this growth. As they age, they often need more support with daily tasks and medical care. The neurological and psychiatric disorders segment led the market in 2024, as the prevalence of these conditions has increased due to indications. Neurological disorders such as epilepsy, Parkinson's disease, multiple sclerosis, stroke, Alzheimer's disease, and other dementia can affect the brain, spine, and nerves.
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Regional outlook
North America The home healthcare market was the largest in the world in 2024. The main drivers of market growth are the region's aging population, sophisticated healthcare systems and relatively high disposable income. Home Medical Market Europe Due to the high prevalence of CVD, it is expected to grow significantly. Research published in October 2024the Nation Center for Biotechnology Information (NCBI) found that cardiovascular disease (CVD) accounts for around 11% of all medical spending in the EU, making it a serious public health concern. This figure shows the financial burden that CVD places on all member countries' health care systems. Asia Pacific The home healthcare market is considered to be growing at the fastest. Factors such as long-term care, expensive in-hospital health facilities and chronic diseases that require inadequate healthcare infrastructure are increasing the number of home healthcare products and services. The Latin American home health market is expected to expand significantly during the forecast period. Cultural changes emphasizing family participation in caregiving have increased the demand for home health services. Home Medical Market middle east and Africa It is expected to expand significantly during the forecast period. The main drivers of market expansion in this sector are the increased prevalence of chronic diseases and the consumer's desire for more customized care. One of the main reasons for this expansion is the aging of the population of many countries in this region.
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About SkyQuest Technology Consulting
SkyQuest Technology Consulting is a leading strategic consulting and market research company providing syndicated and customized research reporting and growth consulting services trusted by Fortune 500 companies, startups and MSME's CXOS. The company is made up of a team of expert research analysts and consultants, adding more than 1,200 market research reports each year. These reports provide in-depth analysis of over 40 industries and sub-industry in 25 countries around the world, serving global clients in a wide range of industries. The company specializes in providing customized intelligence, data-driven insights and strategic advisory services that enable businesses to remain competitive and make informed decisions in rapidly evolving industries.
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