Home Care Providers Market Industrial Trends, Key Manufacturers, Regional Analysis, and Opportunities
The future of home health project sought to support the transformation of home health and home-based care to meet the needs of patients in the evolving health-care system in the United States. Home health care providers primarily provide therapeutic services, skilled nursing services, and other healthcare services. The growing geriatric population and the increasing prevalence of chronic diseases are driving demand for the home care providers market.
Data Bridge Market Research analyses that the home care providers market which was USD 320.6 billion in 2021, is expected to reach USD 576.05 billion by 2029, at a CAGR of 7.60% during the forecast period 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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- Rising demand for household care products
The market for home care providers is likely to grow at a healthy rate during the forecast period. This can be attributed to the fact that proper home care enhances the aesthetics and, at the same time, reduces the risk of infection due to poor sanitation, especially in remote areas. Thus, this helps to control the increasing rate of hospitalisation due to infections, which is driving the segment growth. During the forecast period, the growing popularity of odour control products and carpet cleaners, owing to the rising standards of living and increasing disposable income, is anticipated to boost the market growth.
- Increasing inclination for home hygiene
Hygiene is more than just cleanliness because cleanliness entails removing dirt, waste, or unwanted items from the surface of objects with detergents and other necessary equipment. Cleaning is one of several methods used to prevent disease in hygiene practices. Previously, despite a general awareness of its importance, hygiene consciousness among the general public in India was not particularly high. The increasing number of households and disposable income in India, as well as increased purchasing power for home care and hygiene products, are driving home care product sales in the country’s residential sector. According to the World Bank, the percentage of people in India using basic sanitation services increased from 59.85% in 2016 to 71.26% in 2020. These all factors propel the market growth.
- In October 2021, Samsung launched the IntensiveWash Dishwater range in India. The new dishwashers are available in stainless steel, silver, and white. Three rinse cycles in the IntensiveWash with triple Rinse feature effectively remove every strain from heavily soiled dishes. It cleans cookware, dishes, and utensils of grease, leftover oil, burnt stains, and baked food.
Some of the major players operating in the home care providers market are:
- Abbott (U.S.)
- Fresenius SE & Co. KGaA (Germany)
- General Electric (U.S.)
- B. Braun Melsungen AG (Germany)
- Chemed Corporation. (U.S.)
- Children’s Healthcare of Atlanta Inc. (U.S.)
- Knight Health Holdings, LLC (U.S.)
- Touching Hearts At Home. (U.S.)
- Brookdale Senior Living Inc. (U.S.)
- Encompass Health Corporation (U.S.)
- Golden Living HomeCare, Inc. (U.S.)
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