U.S. Home Healthcare Market Size & Outlook, 2023-2030
U.S. home healthcare market, 2018-2030 (US$M)
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U.S. home healthcare market highlights
- The U.S. home healthcare market generated a revenue of USD 152,785.5 million in 2023 and is expected to reach USD 253,596.0 million by 2030.
- The U.S. market is expected to grow at a CAGR of 7.5% 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 152,785.5 million |
| Market revenue in 2030 | USD 253,596.0 million |
| Growth rate | 7.5% (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, U.S. accounted for 39.2% 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 North America, U.S. home healthcare market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 24,448.5 million by 2030.
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Home Healthcare Market Scope
Home Healthcare Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
U.S. 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 U.S. home healthcare market based on equipment, services covering the revenue growth of each sub-segment from 2018 to 2030.
The Medicare and Medicaid spending for home healthcare services has further accelerated the growth of home healthcare agencies in this region. As per the “National Health Expenditures 2020 Highlights” document published by Centers for Medicare & Medicaid Services (CMS), home healthcare accounted for 3% of the national healthcare expenditure in 2021.
Currently, the U.S. home healthcare market is highly fragmented with presence of large number of home healthcare agencies. In the U.S., home healthcare services are mainly provided through agencies.
According to the estimates of MEdPAC in 2020, around 11,456 home health agencies were active in the U.S. Around 84% of these agencies were operating for profit, 14% of them were nonprofit, and around 2% of them were owned by the government. Hence, it can be concluded that home health care is a profit-making business in the country.
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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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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 U.S. home healthcare market , including forecasts for subscribers. This country databook contains high-level insights into U.S. home healthcare market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. home healthcare market size, by component, 2018-2030 (US$M)
U.S. Home Healthcare Market Outlook Share, 2023 & 2030 (US$M)
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