Singapore Home Healthcare Market Size & Outlook, 2023-2030
Singapore home healthcare market, 2018-2030 (US$M)
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Singapore home healthcare market highlights
- The Singapore home healthcare market generated a revenue of USD 3,720.4 million in 2023 and is expected to reach USD 7,562.9 million by 2030.
- The Singapore market is expected to grow at a CAGR of 10.7% from 2024 to 2030.
- In terms of segment, services was the largest revenue generating component in 2023.
- Equipment is the most lucrative component segment registering the fastest growth during the forecast period.
Home healthcare market data book summary
| Market revenue in 2023 | USD 3,720.4 million |
| Market revenue in 2030 | USD 7,562.9 million |
| Growth rate | 10.7% (CAGR from 2023 to 2030) |
| Largest segment | Services |
| Fastest growing segment | Equipment |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Equipment, Services |
| Key market players worldwide | B. Braun, Abbott Laboratories, Sunrise Medical, 3M Co, Baxter International Inc, Medtronic PLC, Cardinal Health Inc, Roche Holding AG ADR, Air Liquide SA, Amedisys Inc, Fresenius Medical Care AG, Arkray, Becton Dickinson & Co, OMRON Corp, Drive Medical, GE Aerospace, Medline Industries, Koninklijke Philips NV, Johnson & Johnson, Linde PLC, Vygon, Teleflex Inc, Moog Inc A, Fresenius SE & Co KGaA, Bayer AG, UnitedHealth Group Inc, Brookdale Senior Living Inc, Sunrise Senior Living, Genesis Healthcare Inc Class A, Extendicare Inc, Sonida Senior Living Inc, Home Instead |
Other key industry trends
- In terms of revenue, Singapore accounted for 1.0% of the global home healthcare market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China home healthcare market is projected to lead the regional market in terms of revenue in 2030.
- Singapore is the fastest growing regional market in Asia Pacific and is projected to reach USD 7,562.9 million by 2030.
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Home Healthcare Market Scope
Home Healthcare Market Companies
| Name | Profile | # Employees | HQ | Website |
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Singapore home healthcare market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to home healthcare market will help companies and investors design strategic landscapes.
Services was the largest segment with a revenue share of 84.29% in 2023. Horizon Databook has segmented the Singapore home healthcare market based on equipment, services covering the revenue growth of each sub-segment from 2018 to 2030.
In Singapore, an increasing number individuals are relying on home healthcare services as it enables them to get medical treatment at home rather than heading off to the doctor's facilities. Home healthcare providers are thus investing in technologically advanced equipment and enhancing the quality of service.
The Home Nursing Foundation, Singapore, provides 60% of home-healthcare services, such as nursing, medical, and social welfare, to around 4,000 patients. In addition, the Institute of Mental Health (IMH) states that 50% of Singapore's elderly over the age of 85 years suffers from dementia. In 2018, this amounted to an estimated 82,000 individuals.
Such factors are boosting the home healthcare market in Singapore. As per an article in 2018, The Hospital-to-Home (H2H) program, launched in 2017, had already helped around 8,000 people. The program aimed at assisting patients with various medical conditions and in turn reducing readmission risks by offering them home care.
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Our clientele includes a mix of home healthcare market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Singapore home healthcare market , including forecasts for subscribers. This country databook contains high-level insights into Singapore home healthcare market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Singapore home healthcare market size, by component, 2018-2030 (US$M)
Singapore Home Healthcare Market Outlook Share, 2023 & 2030 (US$M)
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