Home Health Care and Residential Nursing Care Services Market Report 2025

The home health care and residential nursing care services market size has grown steadily in recent years. It will grow from $1.25 trillion in 2024 to $1.31 trillion in 2025 at a compound annual growth rate (CAGR) of 4.7%. The growth in the historic period can be attributed to demographic shifts, government healthcare policies, preference for in-home care, caregiver shortages, chronic disease prevalence.

The home health care and residential nursing care services market size is expected to see steady growth in the next few years. It will grow to $1.56 trillion in 2029 at a compound annual growth rate (CAGR) of 4.5%. The growth in the forecast period can be attributed to cost-effective alternatives, aging population dynamics, telehealth integration, value-based care models, COVID-19 pandemic impact, collaboration with payers and providers. Major trends in the forecast period include technological innovations, technology integration, focus on preventive care, workforce challenges and training, personalized and patient-centered care, value-based care models.

Access to healthcare services is anticipated to improve in developing countries, thereby driving growth in the nursing care market within those regions. The effective implementation of health plans stands out as a central reason behind the enhancement of healthcare access in several developing countries, including India, China, and various Latin American nations. Country-specific health reforms have been pivotal in this regard, such as China's Urban Resident Basic Medical Insurance and New Rural Cooperative Medical Insurance schemes, Brazil's Unified Health System, and Mexico's Popular Health Insurance. The anticipated improvement in healthcare access is poised to have a positive impact on the expansion of the nursing care market.

The growth of the home health care and residential nursing care services market is expected to be propelled by the increasing geriatric population. The geriatric population, comprising older adults typically aged 65 and above, is expanding globally. Home health care and residential nursing care services play crucial roles in providing various levels of care and assistance to support the aging population, ensuring the maintenance of quality of life, independence, and overall well-being. As reported by the World Health Organization in October 2022, it is projected that globally, 1 in 6 individuals would be 60 or older by 2030, and this number is expected to reach 2.1 billion elderly people by 2050. Consequently, the growing geriatric population emerges as a significant driver fueling the growth of the home health care and residential nursing care services market.

Major companies in the home healthcare and residential nursing care services market are concentrating on developing innovative solutions, such as home healthcare services, to improve patient care and enhance the quality of life. Home healthcare services encompass a broad spectrum of medical and non-medical support delivered to individuals in their own homes, aiding them in managing their health conditions and daily activities. For example, in July 2024, Star Health and Allied Insurance, an India-based health insurance provider, introduced home healthcare services in more than 50 cities across India, offering personalized medical care directly to patients' homes. This initiative enables customers to receive treatments for various infectious diseases, such as fever and urinary tract infections, through partnerships with providers like Care24, Portea, CallHealth, and Athulya Homecare. The service is structured to be completely cashless, covering all associated costs, including professional fees and lab tests, without requiring any out-of-pocket expenses.

Major companies operating in the home health care and residential nursing care services market are prioritizing the development of advanced technologies, including telehealth technology, to maintain their market positions. Telehealth technology involves the use of digital and communication technologies to deliver remote healthcare services, consultations, monitoring, and support to patients. An illustration of this commitment is seen in the actions of AvaSure, a U.S.-based healthcare company, which introduced a novel virtual nursing application and care model in April 2023. This innovative model integrates telehealth technology with a team of nurses, fostering collaboration between virtual teams and on-site healthcare professionals. The aim is to enhance patient care and safety, addressing the evolving demands in the healthcare market and empowering hospitals and health systems to elevate their patient care services. This reflects a strategic focus on incorporating advanced technologies to meet the dynamic needs of the nursing care industry.

Major companies operating in the home health care and residential nursing care services market include Assisted Living Inc., UnitedHealth Group Incorporated, Kaiser Permanente, Kindred Healthcare, Orpea, Encompass Home Health, Option Care Health Inc. - Registered Shares, Elara Caring, Genesis Healthcare Corp., The Ensign Group Inc., Brookdale Senior Living, AdaptHealth Corp, LHC Group Inc, Chemed Corp., Sunrise Senior Living, The LHC Group Company, Amedisys Inc., BrightStar Care, Aveanna Healthcare Holdings Inc, Gentiva Health Services, Apria Inc, Enhabit Inc, Addus HomeCare Corporation, Extendicare, Signify Health Inc., Atria Senior Living Group, Natur International Corp, Rotech Healthcare Holdings Inc, Emeritus Corporation, eWellness Healthcare Corporation, Senior Care Centers of America, Home Instead Senior Care.

Western Europe was the largest region in the home health care and residential nursing care services market in 2024. North America was the second largest region in the home health care and residential nursing care services market. The regions covered in the home health care and residential nursing care services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the home health care and residential nursing care services market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.

The home health care and residential nursing care services market includes revenues earned by entities by providing home health care and residential nursing care, including personal services, counseling services, vocational therapies, rest home services, social services, and nutritional services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

Home health care and residential nursing care services offer medical assistance to patients in their homes, especially for those unable to travel to hospitals.

These services encompass home health care providers, retirement communities, nursing care facilities, and orphanages/group homes. Nursing care facilities are staffed medical institutions providing in-patient rehabilitation and treatment. Expenditure types include both public and private, utilized by both male and female recipients.

The home health care and residential nursing care services market research report is one of a series of new reports that provides home health care and residential nursing care services market statistics, including home health care and residential nursing care services industry global market size, regional shares, competitors with a home health care and residential nursing care services market share, detailed home health care and residential nursing care services market segments, market trends and opportunities, and any further data you may need to thrive in the home health care and residential nursing care services industry. This home health care and residential nursing care services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

This product will be delivered within 3-5 business days.