Care Services Market Report 2025

This Care Services market report provides a comprehensive analysis of the market’s characteristics, size, and growth, including segmentation, regional and country-level breakdowns, competitive landscape, market shares, trends, and strategies. It also tracks historical and forecasted market growth across various geographies.

The care services market size has grown strongly in recent years. It will grow from $472.88 billion in 2024 to $502 billion in 2025 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to the aging population, population growth, higher income levels, government funding, and urbanization.

The care services market size is expected to see strong growth in the next few years. It will grow to $628.84 billion in 2029 at a compound annual growth rate (CAGR) of 5.8%. The growth in the forecast period can be attributed to the rising incidence of chronic diseases, increasing focus on preventive care, insurance coverage, pandemic and health crises, and growing preference for home-based care and personalized care services. Major trends in the forecast period include increased use of technology, data analytics and health informatics, digital therapeutics and apps, health equity initiatives, and patient engagement and education.

The rising prevalence of chronic health conditions is expected to drive the growth of the care services market in the coming years. Chronic health conditions are becoming more common due to factors such as aging populations, poor diet, lack of physical activity, and increased stress levels. These factors contribute to the growing incidence of diseases like diabetes, heart disease, and obesity. Care services for chronic conditions provide ongoing medical support, treatment management, and lifestyle assistance to help improve patients' quality of life and manage their symptoms. For example, in June 2024, the Australian Institute of Health and Welfare, an Australian government agency, reported a slight increase in the rate of deaths involving chronic conditions, from 459 per 100,000 population in 2021 to 490 per 100,000 in 2022. Additionally, according to the World Health Organization's 2022 Highlights, chronic diseases were responsible for 74% of all deaths globally, with 41 million deaths annually. Cardiovascular diseases account for 17.9 million deaths, cancer for 9.3 million, chronic respiratory diseases for 4.1 million, and diabetes for 2 million. As a result, the increasing incidence of chronic health conditions is fueling the growth of the care services market.

Leading companies in the care services market are focusing on developing innovative solutions, such as real-time monitoring, to maintain a competitive edge. Real-time monitoring involves continuously tracking and analyzing data as it is generated, enabling immediate insights and responses to changing conditions. For instance, in September 2023, Apollo Hospitals Enterprise Ltd., an India-based healthcare company, introduced comprehensive connected care services. This program provides clinical teams and nursing staff with a holistic, real-time view of patients across various care touchpoints, from emergency to home care. It significantly enhances patient safety and experience, saving one hour of nursing time per shift, reducing intensive care unit readmissions by 30%, detecting 8-10 early critical alerts per 100 beds, and nearly eliminating code blue calls.

In October 2024, Accenture plc, an IT company based in Ireland, acquired consus.health for an undisclosed sum. This acquisition aims to enhance Accenture’s healthcare consulting expertise by incorporating consus.health’s proficiency in medical strategy, patient management, and operational services. As a result, Accenture will be able to deliver improved digital transformation and managed services to healthcare providers in Germany, Austria, and Switzerland, thereby enhancing care quality in the region. Consus.health, a company located in Germany, specializes in providing care services.

Major companies operating in the care services market are Korian Group, Nichiigakkan Co. Ltd, BrightStar Care, ComForCare Home Care, RIEI Co. Ltd., Benesse Style Care Co. Ltd, NTUC Health Co-Operative Ltd, NMC ProVita International Medical Centre, Home Instead Inc, Econ Healthcare Group, Caring Senior Service, Living Assistance Services Inc., Orange Valley Healthcare, Cascade Living Group, Rosewood Care Group Inc., St Luke’s Elder Care Ltd, FirstLight Home Care, ApnaCare India Pvt, Epoch Elder Care, United Medicare Centre, SASCO Integrated Eldercare Centre, Samvedna Senior Care, Carewell-Service Co. Ltd., Always Best Care.

North America was the largest region in the care services market in 2024. The regions covered in the care services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the care services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Care services encompass a range of support provided to individuals who require assistance due to age, illness, disability, or other personal circumstances. These services are delivered by trained professionals, caregivers, or family members and can be offered in various settings such as homes, hospitals, and care facilities. The primary objective is to improve the quality of life and well-being of those receiving care. Services can be customized to meet individual needs and may range from temporary to long-term care.

The primary components of care services include software and services. Software refers to programs and applications designed to perform specific functions on computers or devices. Delivery methods vary between on-premise and cloud-based solutions. Key applications include disease management, case management, utilization management, and others, and are utilized by different end-users such as nursing care facilities, home healthcare services, and other organizations.

The care services market research report is one of a series of new reports that provides care services market statistics, including care services industry global market size, regional shares, competitors with an care services market share, detailed care services market segments, market trends, and opportunities, and any further data you may need to thrive in the care services industry. This 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 care services market includes revenues earned by entities by providing services such as long-term care, palliative and hospice care, respite care, and telemedicine. 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.

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.