The home care services market is slated to grow at a CAGR of 9% during 2022 to 2032. Demand for private home care services for maid will remain high as individuals working in dual working households find it difficult to manage work and home together.
With time being in short supply and the onset of smartphones along with the internet, home care services are a perfect fit to serve the present generation. While every tin item is available online, consumers are seeking home care services too.
As per Forbes, three-quarters of the workforce will consist of millennial who prefer using smartphones instead of pliers. Established home care service providers are shifting from conventional models of customer services - real estate and property management - to on-demand home care services to remain competitive in the marketplace.
| Attributes | Details |
|---|---|
| Home Care Services Market Size (2020) | USD 16 Billion |
| Home Care Services Market (2022 to 2032) | 9% |
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In-home care services for seniors will rise as number of elderly populace are living independently.
With lives becoming considerably faster and convenience gaining top priority among consumers, home care services are witnessing ever-increasing demand.
Majority of home care service users – about 55% - browse through various websites before scheduling appointments. Several home care service agencies are investing in digital solutions, such as smartphone apps, to fetch a larger consumer base.
Recent studies reveal that about 78% of local searches on smartphones result in purchases within 24 hours. Players entering into the digital ecosystem will increase their odds for better returns. Furthermore, the presence of cost-effective solutions to set up on-demand delivery apps is lowering the bars for new market entrants.
As financial assistance is difficult to come by, numerous home care providers are experimenting with various advantages to make it more reasonable.
The home care services market is primarily facing the challenge of low availability of labor force. Majority of laborers are turning to industrial areas, wherein demand for workforce is ever-growing in tandem with better payroll.
Moreover, lack of skilled workers is setting forth a huge challenge for market players. Leading home care providers are conducting stringent hiring processes and are focusing on imparting proper training to their existing staff, as well as trying to give affordable assistance to the users.
That being said, emerging players in the market are lax regarding the professional history of their workers and lack ample resources or budget to up-skill them.
Principal Consultant
| Attributes | Details |
|---|---|
| Forecast Period | 2022 to 2032 |
| Historical Data available for | 2015 to 2020 |
| Market Analysis | USD Million for Value |
| By Duration | Daily, Weekly, Monthly, Quarterly, Annually |
| By Service | Maid services, Nursing services, Healthcare services |
| By Region | North America; Latin America; Europe; East Asia; South Asia; Oceania; Middle East & Africa |
| Key Players | Apria Healthcare Group; Alere, Inc.; Fresenius Se & Co KGAa; GE Healthcare; B. Braun Melsungen AG. |
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The home care services market is expected to register a CAGR of 9% from 2022 to 2032.
The healthcare sector is a key driver in the home care services market.
The North American region is anticipated to dominate the home care services market during the forecast period.
The home care services market is likely to hold a valuation of USD 45 billion by 2032.
The current valuation of the home care services market in 2022 is USD 19.01 billion.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032 5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Service Type 5.1. Home Health Care Services 5.2. Home Non-Health Care Services 6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region 6.1. North America 6.2. Latin America 6.3. Europe 6.4. Asia Pacific 6.5. Middle East and Africa 7. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 8. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 9. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 10. Asia Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 11. Middle East and Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 12. Key Countries Market Analysis 13. Market Structure Analysis 14. Competition Analysis 14.1. Australian Home Care Services 14.2. Apria Healthcare Group Inc. 14.3. B. Braun Melsungen AG 14.4. Blue Ribbon Community Care Ltd 14.5. Fresenius Se & Co KGAa 14.6. GE Healthcare 14.7. Kindred at Home 14.8. Homecare Services of SD, Inc. 14.9. Interim HealthCare Inc. 14.10. Invacare Corporation 15. Assumptions & Acronyms Used 16. Research Methodology
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Home Care Services Market
