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Global
Home Care Services
Market
Share, Global Trends,
Analysis, Research, Report,
Opportunities,
Segmentation and Forecast,
2014-2020
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Report
Description
Report Description
Over the years, the home care services market has grown exponentially on account of demand
from the baby boomers generation. Most people are comfortable in their own homes and
leaving their comfort zone to receive treatment or care in a facility seems like a daunting task for
many. Many elderly people who have lived their entire lives at their homes find it difficult to
adjust to a new institution/facility and this is where home care services have emerged as a
credible alternative.
Demand from Baby Boomers Will Fuel the Demand for Home Care Services Market
The global home care services market is projected to grow at a healthy rate through 2020. Rise
in the baby boomers population around the world is projected to be the key driver for the
growth of the global home care services market. Also, awareness about the benefits of receiving
home care is further expected to propel the growth of this market.
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Home Care Services: Market Segmentation
Home care services can be broadly segmented into health and non-health home care. Home
health care services include diagnostic and monitoring services, medical supplies, and
therapeutic services. It is projected that home healthcare services market will witness a singledigit CAGR through 2020. The non-health home care services segment includes personal
hygiene care and companionship services. Personal hygiene segment further includes cooking
and housekeeping, grocery shopping, and bathing and grooming assistance.
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Description
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Key Drivers and Regions for the Global Home Care Services Market
Asia Pacific, the U.S. And Western Europe are projected to be the key regions for the
growth of the global home care services market. The burgeoning elder population in Asia
Pacific, especially in densely populated countries of India and China is expected to fuel
the demand for the home care services market. The easy availability of home care service
providers and increase in chronic diseases are projected to be the reasons that will fuel
the global home care services market. The cost effectiveness of home care services is
anticipated to augur well for the growth of the home care services market in Western
Europe.
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Key Challenges for the Global Home Care Services Market
Lack of trained workers remains a key challenge for the growth of the global home care
services market. The leading companies in the global home care services market have
stringent hiring procedures and they focus on imparting the right training to their staff.
However, new entrants in the market are lax about the history of the workers and they
do not have the resources or the budget to train them. This remains a key challenge for
the growth of the global home care services market.
Report
Description
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Key Players in the Global Home Care Services Market
The prominent home healthcare service provider companies are Apria Healthcare Group
(U.S.), Alere, Inc. (U.S.), Fresenius Se & Co KGAa (Germany), GE Healthcare (U.K), and B.
Braun Melsungen AG (Germany). These companies have registered their presence among
the consumers and it is projected that during the forecast period, these companies will
further consolidate their position.
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