Global Home Care Market Overview 2023-2028
IMARC Group, a leading market research company, has recently releases report titled “Home Care Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global home care market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
The global home care market size reached US$ 150.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 195.8 Billion by 2028, exhibiting a growth rate (CAGR) of 4.28% during 2023-2028.
In-home care services, also referred to as home care or home health care, encompass a variety of supportive services provided to individuals in the comfort of their own residences. These services are designed to aid individuals with their daily activities and enhance their overall quality of life, particularly when they are dealing with challenges arising from aging, illness, or disability. They are customized to cater to each individual's specific needs, ensuring that they receive the care and support that best suits their unique circumstances. In comparison to institutionalized care options such as nursing homes or assisted living facilities, in-home care services offer a cost-effective alternative. They enable individuals to maintain their independence by receiving assistance with tasks like bathing, dressing, meal preparation, and medication management, all within the familiar surroundings of their own homes. Additionally, these services contribute to emotional well-being, reduce stress, and foster an overall sense of comfort and security for the patients.
Global Home Care Market and Drivers:
The rising elderly population, in need of daily living support, is a significant factor contributing to a promising market outlook. Additionally, there is a growing preference among individuals for receiving medical care within the comfort of their own homes as opposed to institutionalized settings. This inclination is driven by the desire to maintain a familiar environment and a sense of independence, fueling market expansion. Furthermore, advancements in medical technology are enabling the delivery of complex medical treatments and monitoring in a home-based setting, broadening the spectrum of home care services to include specialized medical care. Moreover, healthcare systems and insurers are acknowledging the cost-saving potential of home-based care, which can alleviate the financial burden associated with expensive healthcare facilities. Furthermore, the increasing demand for telehealth and remote monitoring technologies, which allow for the remote tracking of vital signs, virtual consultations, and adjustments to treatment plans as needed, is further boosting market growth.
Global Home Care Market 2023-2028 Analysis and Segmentation:
Top Key Players covered in this report are:
Alicorp SAA, Church & Dwight Co. Inc., Henkel AG & Co. KGaA, Kao Corporation, Reckitt Benckiser Group PLC, S.C. Johnson & Son Inc., The Clorox Company, The Procter & Gamble Company and Unilever plc.
The report segmented the market on the basis of region, product type and distribution channel.
Breakup by Product Type:
- Kitchen Care
- Household Care
- Bathroom Care
- Laundry Care
- Others
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Convenience Stores
- Online Stores
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact Us:
IMARC Services Private Limited.
134 N 4th St. Brooklyn, NY 11249, USA
Email: [email protected]
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800
