UK Home Healthcare Market Size & Outlook, 2023-2030
UK home healthcare market, 2018-2030 (US$M)
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UK home healthcare market highlights
- The UK home healthcare market generated a revenue of USD 17,033.8 million in 2023 and is expected to reach USD 31,237.8 million by 2030.
- The UK market is expected to grow at a CAGR of 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 17,033.8 million |
| Market revenue in 2030 | USD 31,237.8 million |
| Growth rate | 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, UK accounted for 4.4% 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 Europe, Germany home healthcare market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 31,237.8 million by 2030.
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Home Healthcare Market Scope
Home Healthcare Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
UK 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 84.44% in 2023. Horizon Databook has segmented the UK home healthcare market based on equipment, services covering the revenue growth of each sub-segment from 2018 to 2030.
The UK is one of the largest markets for Home healthcare in Europe and is expected to witness lucrative growth. Growing geriatric population and rising incidence & prevalence of chronic diseases are some of the major factors contributing to this growth. The geriatric population in the UK has significantly increased in the past five decades.
According to a report by the UK parliament, over one-fifth of the people in the country are above 65 years of age. Furthermore, according to the Office of National Statistics (ONS) UK, the old-age dependency ratio accounted for 280 per 1,000 people in 2020 and is expected to rise to 352 per 1,000 people by 2041. The increasing geriatric population is a vital impactrendering driver for Home healthcare market.
Moreover, wearable technology is gaining popularity, especially in the healthcare industry, where patients are increasingly adopting mobile apps and wearable technology to constantly monitor their health and prevent health-related problems through early intervention & behavioral modification. According to the UK government, Defence and Security Accelerator (DASA) is employing wearable technology to provide the United Kingdom Armed Forces with a significant opportunity to reduce injury rates among active-duty personnel.
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Target buyers of UK home healthcare market databook
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Our clientele includes a mix of home healthcare market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the UK home healthcare market , including forecasts for subscribers. This country databook contains high-level insights into UK home healthcare market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK home healthcare market size, by component, 2018-2030 (US$M)
UK Home Healthcare Market Outlook Share, 2023 & 2030 (US$M)
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