The medical home services market is anticipated to flourish at a steady CAGR of 8.3% between 2023 and 2033. The market is expected to hold a market share of US$ 605.5 billion by 2033, while the market is likely to reach a value of US$ 271.9 billion in 2023.
Demand for medical home services is likely to rise as the model significantly transforms primary care given to patients of all ages. The adoption of medical home services is growing as it aims to improve the efficiency of care as per the patient's preference.
According to the American Osteopathic Association, the American Academy of Family Physicians, the American College of Physicians, and the American Academy of Pediatrics, the demand for medical home services is expected to rise because of improved ways to manage chronic diseases.
The growing cases of chronic diseases in the growing geriatric population are pushing people to adopt these services. The services come as an extended service scheme of healthcare facilities. Though, many healthcare apps are working as a third-party providers for these services. The exciting packages with custom requirements give end users a broad spectrum to choose from. The recent addition of home nursing services is performing quite well as a segment and is likely to grab a sizable portion of the market.
The higher penetration of the internet, advanced logistics, and government efforts for healthcare advancements have also helped patients residing in remote areas. This enhanced method of medical connectivity is being followed up by the home medical care systems.
| Attribute | Details |
|---|---|
| Medical Home Services Market CAGR (2023 to 2033) | 8.3% |
| Medical Home Services Market Size (2023) | US$ 271.9 billion |
| Medical Home Services Market Size (2033) | US$ 605.5 billion |
The principles of medical home services are coordinated care, comprehensive care, accessible services, patient-centered care, quality, and services that improve the adoption of medical home services during the forecast period. Medical home services are designed to meet a patient's needs along with the entire spectrum, from wellness to chronic and acute services, which has led to enlarging market size in recent years. The market report also aims to develop a strong relationship between the patients, the healthcare provider, and the patient's family, which is likely to raise the sales of Medical home services during the forecast period.
Medical home services coordinate medical care across all elements of the health care system, home health care, hospitals, community services, and specialty care. These factors directly boost the market share during the forecast period.
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The rising in medical home services offers a transformation of the healthcare delivery system that is likely to increase the sales of medical home services during the forecast period. It can reduce costs and improve efficiency through comprehensive Medical home services, which directly raised the demand for medical home services by the end-user in recent years.
Government initiatives support the adoption of the medical home services model, which includes Medicaid demonstrations, new payment policies, and the creation of accountable care organizations that are likely to grow the market share during the forecast period. Government plays a crucial role in supporting and creating medical home services, directly impacting the medical home services.
The United States has policies promoting medical home services for CHIP beneficiaries or Medicaid, which may raise the market trends over time during the forecast period. Other factors that may increase market growth are incentive programs and private/public payer initiatives in recent years.
The adoption of medical home services is slow in several emerging countries, limiting the growth of the market. As a result, the market size is at a nascent stage to boost the economy.
The current communication flow between patients and healthcare providers has been greatly enhanced by the introduction of newer technologies in this market, enabling better, faster, and more effective care.
Medications can now be taken with patients on the go or at home, thanks to technological advances. ECG data and patient symptoms can be recorded using disposable electrodes like those used in the Cardea Solo electrocardiogram sensor by Cardiac Insight. It can be worn for up to seven days under clothing. Similarly, ResMed's AirMini is one of the smallest and lightest portable CPAP machines.
Patients prefer home healthcare because of the effectiveness of new technologies and the ease of use and convenience of these new devices. The rising research and development in the market are driving the industry.
Principal Consultant
Patients in Medical home services are subjected to fewer face-to-face interactions with doctors, and the nurse oversees conducting assessments and conveying their findings. In terms of patient safety and outcomes, this is an important factor to consider. Additionally, clinicians provide medical care to each patient in a unique setting as a distinct feature of home healthcare.
Situational variables, on the other hand, may present risks to patients that cannot be eliminated. There are environmental safety departments in many hospitals that are well-equipped to handle these situations. This is a restraining factor for the medical home services market.
| Countries | Revenue Share % (2023) |
|---|---|
| United States | 45.5% |
| Germany | 5.1% |
| Japan | 5.8% |
| Australia | 9.6% |
| North America | 51.1% |
| Europe | 19.7% |
| Countries | CAGR % (2023 to 2033) |
|---|---|
| China | 9.5% |
| India | 9.7% |
| United Kingdom | 9.3% |
Europe was the second-leading segment of the overall medical home services market in 2020, with North America taking the top spot. The rising prevalence of chronic conditions, high healthcare expenditure, high disposable income, the increasing overall geriatric population, high disposable income, and superior healthcare infrastructure all contribute to the large share of North America in the global market.
It acquires 31.4% of the market share in all the regions due to the high acceptance of the home services model during the forecast period. North America, particularly the United States, is dominating due to its high penetration. North America held a market share of 51.1% in 2022. Whereas, the United States held a market share of o 45.5% in 2022
Europe is likely to stand in second place after North America in the medical home services market size by acquiring 28.5% of the market share during the forecast period. European countries are growing the fastest due to raising awareness of home services and increasing the adoption of medical home services. The German market held a market share of 5.1% in 2022.
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| Category | By Services |
|---|---|
| Leading Segment | Nursing |
| Market Share (2022) | 37.58% |
| Category | By Specialty |
|---|---|
| Leading Segment | Hourly Care |
| Market Share (2022) | 45.18% |
| Category | By End Users |
|---|---|
| Leading Segment | Geriatric Population |
| Market Share (2022) | 45.5% |
Based on services, the nursing segment flourishes as it held a leading market share of 37.58% in 2022. The growth is attributed to the constant home-based care and increased elderly population. Furthermore, new packages for nursing services are also flourishing in the market growth.
Based on specialty, the hourly care unit led the market as it held a market share of 45.18% in 2022. The growth is caused by affordable service, online availability, and independent usage. Furthermore, hourly care services also help companies in taking care of a large end-user base at the same time. The companies are now extending their plans for different services and enrolling them in hourly care.
Based on end users, the geriatric population leads the category. The segment held a market share of 45.5% in 2022. Lifestyle-based diseases, weak immune systems, and chronic diseases are garnering the market share. Alongside this, the idle and inactive lifestyle and early drinking issues are leading youngsters to different physical and mental conditions. Thus, the demand for medical home services is likely to be consumed primarily by the geriatric population. The growing elderly population is also helping the market expand its boundaries across the regions.
Start-up marketers in the market plan to release a series of unique products soon to make medical home services easier to access, better in terms of quality, and more reasonably priced. Nowadays, various companies and start-up companies are coming up with technologically advanced medical home services market share solutions.
A few of the key players in the market are Chas Health, Amerihealth, Cigna, Aetna, and Lynn community health center, among others.
The key players are implementing various methods to maintain and improve their position in the market to acquire more revenue through their strategies. The vendors are adopting various methodologies to grow market share, are collaborations, product launches, mergers, partnerships, and acquisitions. This is expected to lead the market ahead in the coming forecast period.
Recent Development in Medical home services are:
Telehealth provides the remote monitoring of patients, especially older patients, with real-time data services at their residences with comfortable medical home services. The companies have been focusing on various development in recent years.
Market Developments
The growth potential of the market is 8.3% through 2033.
Europe is projected to emerge as a lucrative market.
Fewer interactions of patients with doctors and nurses limit growth.
Europe expanded at 28.5% of the market share through 2033.
The increasing geriatric population generates market growth.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Investment Feasibility Matrix
3.6. PESTLE and Porter’s Analysis
3.7. Regulatory Landscape
3.7.1. By Key Regions
3.7.2. By Key Countries
3.8. Regional Parent Market Outlook
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End-User
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) Analysis By End-User, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By End-User, 2023 to 2033
5.3.1. Hospitals
5.3.2. Clinics
5.3.3. Ambulatory Surgical Centers
5.4. Y-o-Y Growth Trend Analysis By End-User, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By End-User, 2023 to 2033
6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
6.1. Introduction
6.2. Historical Market Size Value (US$ Million) Analysis By Region, 2018 to 2022
6.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2023 to 2033
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa
6.4. Market Attractiveness Analysis By Region
7. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
7.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
7.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
7.2.1. By Country
7.2.1.1. The USA
7.2.1.2. Canada
7.2.2. By End-User
7.3. Market Attractiveness Analysis
7.3.1. By Country
7.3.2. By End-User
7.4. Key Takeaways
8. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
8.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
8.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
8.2.1. By Country
8.2.1.1. Brazil
8.2.1.2. Mexico
8.2.1.3. Rest of Latin America
8.2.2. By End-User
8.3. Market Attractiveness Analysis
8.3.1. By Country
8.3.2. By End-User
8.4. Key Takeaways
9. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
9.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
9.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
9.2.1. By Country
9.2.1.1. Germany
9.2.1.2. United Kingdom
9.2.1.3. France
9.2.1.4. Spain
9.2.1.5. Italy
9.2.1.6. Russia
9.2.1.7. Rest of Europe
9.2.2. By End-User
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By End-User
9.4. Key Takeaways
10. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
10.2.1. By Country
10.2.1.1. China
10.2.1.2. Japan
10.2.1.3. India
10.2.1.4. South Korea
10.2.1.5. Australia
10.2.1.6. Rest of APAC
10.2.2. By End-User
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By End-User
10.4. Key Takeaways
11. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
11.2.1. By Country
11.2.1.1. South Africa
11.2.1.2. Saudi Arabia
11.2.1.3. UAE
11.2.1.4. Israel
11.2.1.5. Rest of MEA
11.2.2. By End-User
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By End-User
11.4. Key Takeaways
12. Key Countries Market Analysis
12.1. USA
12.1.1. Pricing Analysis
12.1.2. Market Share Analysis, 2022
12.1.2.1. By End-User
12.2. Canada
12.2.1. Pricing Analysis
12.2.2. Market Share Analysis, 2022
12.2.2.1. By End-User
12.3. Brazil
12.3.1. Pricing Analysis
12.3.2. Market Share Analysis, 2022
12.3.2.1. By End-User
12.4. Mexico
12.4.1. Pricing Analysis
12.4.2. Market Share Analysis, 2022
12.4.2.1. By End-User
12.5. Germany
12.5.1. Pricing Analysis
12.5.2. Market Share Analysis, 2022
12.5.2.1. By End-User
12.6. United Kingdom
12.6.1. Pricing Analysis
12.6.2. Market Share Analysis, 2022
12.6.2.1. By End-User
12.7. France
12.7.1. Pricing Analysis
12.7.2. Market Share Analysis, 2022
12.7.2.1. By End-User
12.8. Spain
12.8.1. Pricing Analysis
12.8.2. Market Share Analysis, 2022
12.8.2.1. By End-User
12.9. Italy
12.9.1. Pricing Analysis
12.9.2. Market Share Analysis, 2022
12.9.2.1. By End-User
12.10. Russia
12.10.1. Pricing Analysis
12.10.2. Market Share Analysis, 2022
12.10.2.1. By End-User
12.11. China
12.11.1. Pricing Analysis
12.11.2. Market Share Analysis, 2022
12.11.2.1. By End-User
12.12. Japan
12.12.1. Pricing Analysis
12.12.2. Market Share Analysis, 2022
12.12.2.1. By End-User
12.13. India
12.13.1. Pricing Analysis
12.13.2. Market Share Analysis, 2022
12.13.2.1. By End-User
12.14. South Korea
12.14.1. Pricing Analysis
12.14.2. Market Share Analysis, 2022
12.14.2.1. By End-User
12.15. Australia
12.15.1. Pricing Analysis
12.15.2. Market Share Analysis, 2022
12.15.2.1. By End-User
12.16. South Africa
12.16.1. Pricing Analysis
12.16.2. Market Share Analysis, 2022
12.16.2.1. By End-User
12.17. Saudi Arabia
12.17.1. Pricing Analysis
12.17.2. Market Share Analysis, 2022
12.17.2.1. By End-User
12.18. UAE
12.18.1. Pricing Analysis
12.18.2. Market Share Analysis, 2022
12.18.2.1. By End-User
12.19. Israel
12.19.1. Pricing Analysis
12.19.2. Market Share Analysis, 2022
12.19.2.1. By End-User
13. Market Structure Analysis
13.1. Competition Dashboard
13.2. Competition Benchmarking
13.3. Market Share Analysis of Top Players
13.3.1. By Regional
13.3.2. By End-User
14. Competition Analysis
14.1. Competition Deep Dive
14.1.1. CHAS health
14.1.1.1. Overview
14.1.1.2. Product Portfolio
14.1.1.3. Profitability by Market Segments
14.1.1.4. Sales Footprint
14.1.1.5. Strategy Overview
14.1.1.5.1. Marketing Strategy
14.1.2. AmeriHealth
14.1.2.1. Overview
14.1.2.2. Product Portfolio
14.1.2.3. Profitability by Market Segments
14.1.2.4. Sales Footprint
14.1.2.5. Strategy Overview
14.1.2.5.1. Marketing Strategy
14.1.3. Cigna
14.1.3.1. Overview
14.1.3.2. Product Portfolio
14.1.3.3. Profitability by Market Segments
14.1.3.4. Sales Footprint
14.1.3.5. Strategy Overview
14.1.3.5.1. Marketing Strategy
14.1.4. Aetna
14.1.4.1. Overview
14.1.4.2. Product Portfolio
14.1.4.3. Profitability by Market Segments
14.1.4.4. Sales Footprint
14.1.4.5. Strategy Overview
14.1.4.5.1. Marketing Strategy
14.1.5. Lynn Community Health Center
14.1.5.1. Overview
14.1.5.2. Product Portfolio
14.1.5.3. Profitability by Market Segments
14.1.5.4. Sales Footprint
14.1.5.5. Strategy Overview
14.1.5.5.1. Marketing Strategy
14.1.6. Amedisys, Inc
14.1.6.1. Overview
14.1.6.2. Product Portfolio
14.1.6.3. Profitability by Market Segments
14.1.6.4. Sales Footprint
14.1.6.5. Strategy Overview
14.1.6.5.1. Marketing Strategy
14.1.7. Kindred at Home
14.1.7.1. Overview
14.1.7.2. Product Portfolio
14.1.7.3. Profitability by Market Segments
14.1.7.4. Sales Footprint
14.1.7.5. Strategy Overview
14.1.7.5.1. Marketing Strategy
14.1.8. Bayada Home Health Care
14.1.8.1. Overview
14.1.8.2. Product Portfolio
14.1.8.3. Profitability by Market Segments
14.1.8.4. Sales Footprint
14.1.8.5. Strategy Overview
14.1.8.5.1. Marketing Strategy
14.1.9. Encompass Health Corporation
14.1.9.1. Overview
14.1.9.2. Product Portfolio
14.1.9.3. Profitability by Market Segments
14.1.9.4. Sales Footprint
14.1.9.5. Strategy Overview
14.1.9.5.1. Marketing Strategy
14.1.10. Interim HealthCare
14.1.10.1. Overview
14.1.10.2. Product Portfolio
14.1.10.3. Profitability by Market Segments
14.1.10.4. Sales Footprint
14.1.10.5. Strategy Overview
14.1.10.5.1. Marketing Strategy
15. Assumptions & Acronyms Used
16. Research Methodology
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Medical Home Services Market
