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.
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.
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.
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.
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.
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.
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.
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.
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.
Report Attribute |
Details |
Market size value in 2024 |
USD 182.60 billion |
Revenue forecast in 2030 |
USD 285.05 billion |
Growth Rate |
CAGR of 7.7% from 2024 to 2030 |
Base year for estimation |
2023 |
Historical data |
2018 - 2022 |
Forecast period |
2024 - 2030 |
Quantitative units |
Revenue in USD million/billion and CAGR from 2024 to 2030 |
Report coverage |
Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
Segments covered |
Component, indication, region |
Regional scope |
North America |
Country scope |
U.S.; Canada; Mexico |
Key companies profiled |
B. Braun SE; Abbott; Sunrise Medical; 3M; Baxter; Medtronic; Cardinal Health; F. Hoffmann-La Roche Ltd; Amedisys; ARKRAY, Inc.; BD; OMRON Healthcare, Inc.; GE Healthcare; Medline Industries, Inc; Koninklijke Philips N.V.; Johnson & Johnson Services, Inc.; Acelity (3M); Teleflex Incorporated.; Fresenius Kabi AG.; Bayer AG; GF Health Products, Inc.; Knight Health Holdings, LLC; NHC, National Healthcare Corporation ; Gentiva; Medco Home Healthcare, Inc.; Brookdale Senior Living Inc.; Sunrise Senior Living; Genesis HealthCare; EXTENDICARE.; Diversicare.; Home Instead, Inc.; Senior Services of America; Atria Senior Living, Inc; |
Customization scope |
Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope. |
Pricing and purchase options |
Avail customized purchase options to meet your exact research needs. Explore purchase options |
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
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