Home Care Services Market Report 2024

This Home Care Services market report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

The home care services market size has grown strongly in recent years. It will grow from $18.92 billion in 2023 to $20.6 billion in 2024 at a compound annual growth rate (CAGR) of 8.9%. The growth during the historic period can be attributed to several factors such as the rising number of elderly individuals, a growing preference for receiving care in the comfort of one's home, an increasing prevalence of chronic conditions, greater awareness and acceptance of home care services, and rising urbanization.

The home care services market size is expected to see strong growth in the next few years. It will grow to $29.23 billion in 2028 at a compound annual growth rate (CAGR) of 9.1%. The projected growth during the forecast period can be attributed to several factors such as the increasing aging population, a growing demand for telehealth services, rising disposable incomes, heightened demand for hygiene and cleanliness, and expanding construction activities. Key trends expected in the forecast period include the integration of technology, the adoption of smart home healthcare solutions, innovations in products, investment in digital solutions, and advancements in cleaning services.

The anticipated growth in the home care services market is largely driven by the rising aging population. This demographic shift, characterized by a growing proportion of older individuals due to increased life expectancy and declining birth rates, is expected to significantly boost the demand for home care services. These services assist the aging population in maintaining a higher quality of life, staying engaged with their communities, and reducing the need for institutional care, thereby supporting the concept of aging in place. Home care services are customized to cater to each senior's individual needs and preferences, ensuring care is personalized to their specific health conditions and lifestyle. For example, the United Nations (UN) projects that the number of people aged 65 and older will more than double from 761 million in 2021 to 1.6 billion by 2050. This growth in the aging population is set to drive the expansion of the home care services market.

Leading companies in the home care services market are focusing on delivering innovative services such as in-home hygiene solutions to enhance clients' overall well-being and quality of life. In-home hygiene services include personal care and cleaning support provided within a person’s home to maintain cleanliness and promote overall health. These services are especially beneficial for individuals needing assistance due to age, disability, illness, or recovery from surgery. For instance, in April 2024, Major Maids House Cleaning Company, a US-based provider of home care services, introduced new hygiene solutions in Tampa. This initiative demonstrates the company's dedication to offering high-quality, safe, and effective cleaning solutions in response to increased awareness of hygiene and sanitation. The company offers various services, including general house cleaning, deep cleaning, move-in/move-out cleaning, and home organization.

In January 2024, Southern Home Services, another US-based home care provider, acquired ACE Solves It All for an undisclosed amount. This acquisition aligns with Southern Home Services' goal to deliver exceptional customer service and home comfort solutions. ACE Solves It All is a US-based company that provides home care services.

Major companies operating in the home care services market are Hospital Corporation of America (HCA) Healthcare Inc., Right at Home Inc., Brookdale Senior Living Inc., Brightstar Group Holdings Inc., Interim HealthCare Inc., LHC Group Inc., AccentCare Inc., Bayada Home Health Care, Comfort Keepers, ComForCare, Senior Helpers, Amada Senior Care, FirstLight Home Care, Always Best Care Senior Services, Amedisys Inc., Synergy HomeCare Franchising LLC., Griswold Home Care, Family Resource Home Care (FRHC), Maxim Healthcare Services Inc., TheKey, Honor Technology Inc, Visiting Angels Living Assistance Limited.

Asia-Pacific was the largest region in the home care services market in 2023. The regions covered in the home care services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the home care services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Home care services encompass a variety of support and medical care delivered to individuals in their own homes rather than in a healthcare facility or institution. These services aim to assist those who require help with daily activities due to aging, illness, disability, or recovery from surgery or injury. Tailored to meet individual needs, home care services offer a more personalized and often more comfortable alternative to institutional care.

The primary categories of home care services include maid services, carpet and upholstery cleaning, and other related services. Maid services involve professional cleaning and housekeeping tasks carried out in residential settings. These services are available in various frequencies such as daily, weekly, monthly, quarterly, and annually, and are applicable in both residential and commercial settings.

The home care services market research report is one of a series of new reports that provides home care services market statistics, including home care services industry global market size, regional shares, competitors with a home care services market share, detailed home care services market segments, market trends, and opportunities, and any further data you may need to thrive in the home care services industry. This home care services 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 home care services market includes revenues earned by providing personal care and companionship services, nursing services, and physiotherapy 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.

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.

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