South Africa Home Healthcare Market Size & Outlook
South Africa home healthcare market, 2018-2030 (US$M)
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South Africa home healthcare market highlights
- The South Africa home healthcare market generated a revenue of USD 947.2 million in 2023 and is expected to reach USD 1,414.1 million by 2030.
- The South Africa market is expected to grow at a CAGR of 5.9% 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 947.2 million |
| Market revenue in 2030 | USD 1,414.1 million |
| Growth rate | 5.9% (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, South Africa accounted for 0.2% 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 Middle East & Africa, Saudi Arabia home healthcare market is projected to lead the regional market in terms of revenue in 2030.
- Oman is the fastest growing regional market in Middle East & Africa and is projected to reach USD 196.9 million by 2030.
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Home Healthcare Market Scope
Home Healthcare Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Africa 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 84.28% in 2023. Horizon Databook has segmented the South Africa home healthcare market based on equipment, services covering the revenue growth of each sub-segment from 2018 to 2030.
In South Africa, lifestyle diseases, including cardiovascular diseases, are estimated to account for around 43% of total adult deaths. This high prevalence has resulted in increased demand for cardiac monitoring devices, which is driving market demand. In addition, around 70% of women and a third of men in South Africa are classified as overweight or obese.
As a result of these factors, the demand for patient monitoring devices in South Africa has increased, which has led to technological advancements in this field, resulting in development of easy-to-use and portable devices used at home. Gauteng, South Africa's most populous province, is running out of beds as the country is fighting the COVID-19 pandemic, driving the need for home care in the region.
The focus of the government on reducing disparities in healthcare provision and improving health outcomes in this region are also likely to boost the market growth. The National Health Insurance (NHI) grant by the government provides coverage for communicable & noncommunicable diseases. The coverage is resulting in increased affordability, driving the market.
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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 South Africa home healthcare market , including forecasts for subscribers. This country databook contains high-level insights into South Africa home healthcare market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa home healthcare market size, by component, 2018-2030 (US$M)
South Africa Home Healthcare Market Outlook Share, 2023 & 2030 (US$M)
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