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Europe Home Healthcare Market – Industry Trends and Forecast to 2030

  • Medical Devices
  • Upcoming Report
  • Feb 2023
  • Europe
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Europe Home Healthcare Market – Industry Trends and Forecast to 2030

Market Size in USD Billion

CAGR - % Diagram

Diagram Forecast Period 2022–2030
Diagram Market Size (Base Year) USD 108068.30 Million
Diagram Market Size (Forecast Year) USD 213757.60 Million
Diagram CAGR %

Europe Home Healthcare Market, Type (Devices, Services, Software), Disease (Heart Diseases, Hypertension, Bone and Joint Diseases, Diabetes, Chronic Obstructive Pulmonary Diseases, Obesity, Dementia/Alzheimer's Diseases, Infective Diseases (HIV/AIDS), Parkinson's Diseases, Smoking, Asthma, Depression), Distribution Channel (Direct Tenders, Retail Sales) – Industry Trends and Forecast to 2030.

Europe Home Healthcare Market Analysis and Size

Growing awareness about home care services and launching new devices for treating numerous conditions at home are primary factors enhancing the market growth. A growing aged population, and an increase in the incidence of target diseases such as dementia and Alzheimer's, are anticipated to increase the market's growth. With the emerging digitization, people are becoming more inclined to homecare services as it provides a lot of feasibility. In this regard, home health care is preferred than hospitalization.   

Data Bridge Market Research analyses a growth rate in the home healthcare market in the forecast period 2023-2030. The expected CAGR of the home healthcare market tends to be around 8.90% in the mentioned forecast period. The market is valued at USD 108,068.3 million in 2022 and will grow to USD 213,757.6 million by 2030. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Europe Home Healthcare Market Scope and Segmentation

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customizable to 2015 - 2020)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

Type (Devices, Services, Software), Disease (Heart Diseases, Hypertension, Bone and Joint Diseases, Diabetes, Chronic Obstructive Pulmonary Diseases, Obesity, Dementia/Alzheimer's Diseases, Infective Diseases (HIV/AIDS), Parkinson's Diseases, Smoking, Asthma, Depression), Distribution Channel (Direct Tenders, Retail Sales)

Countries Covered

Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe

Market Players Covered

Koninklijke Philips N.V. (U.S), Omron Healthcare, Inc. (Japan), Air Liquide (France), B. Braun Melsungen AG (Germany), Medtronic (Ireland), DaVita Inc. (U.S), Cardinal Health (U.S), Sunrise Medical (U.S), General Electric (U.S), A&D Company, Limited (Japan), BAYADA Home Health Care (U.S), Invacare Corporation (U.S), GE Healthcare (U.K.), Baxter (U.S.), F. Hoffmann-La Roche Ltd  (Switzerland), Bupa Home Healthcare, Ltd (U.K.), Healthcare at Home (U.K.), and Linde plc  (Germany)

Market Opportunities

  • Increasing Collaborations Between Market Players
  • Increasing Elderly Population

Market Definition

In homecare settings, a wide range of healthcare services for several diseases are available at home. The main purpose of home healthcare is to treat injuries and improve the patient's total health. These services are more suitable and less expensive, and they are very helpful for chronic diseases, the elderly, nutrition therapy, and the patient's critical illness.  

Europe Home Healthcare Market Dynamics

Drivers  

  • Wide Availability of Reimbursement Policies

The government provides several reimbursements, which is driving the market for home care in Europe. There is a rising transition from inpatient to outpatient care. More than three-quarters of outpatient care expenditure in Europe is borne by mandatory financing schemes served by the government. In most European countries, outpatient specialists and primary care are mostly free at the point of use. Thus, these kinds of reimbursement policies are boosting the market's growth.  

  • Huge Rate of Acquisitions of Different Home Healthcare Providers

The increasing number of mergers and acquisitions between organizations is a major strategy followed by the major players in the region. For instance, Air Liquide acquired two home healthcare providers based in Switzerland named Megamed AG and Sleep and Health SA in 2019. The main aim was to enhance its home healthcare activity in Europe. Thus, this factor will boost market growth.

Opportunities

  • Increasing Collaborations Between Market Players

Multiple collaborations between healthcare providers and different MedTech companies provide a great opportunity and effective deployment of healthcare services at home. For instance, Medtronic's Integrated Health Solutions (IHS) currently has 170 ongoing long-term partnerships in 24 countries across Europe, bringing value to healthcare organizations and supporting the delivery of high-quality service at home more cost-effectively. Thus, this factor increases the market growth.

  •  Increasing Elderly Population

The population of older people in this region will increase on a large scale, from 90.5 million at the start of 2019 to 129.8 million by 2050. In the last few decades, the WHO European Region has seen a major increase in life expectancy. In most European nations, the central government has extended its policy for home care. The elderly are in much need of these homecare services as it gets difficult to access hospital facilities. Thus, this factor boosts market growth.

Restraints/Challenges

  • Restricted Mobility of Patients

The mode of movement mainly considered in these services is geriatric chairs, bed rails, and belts. Patients' freedom of movement was limited by nurses inhibiting access to stairs, access to medication, reorganizing portions of the house, and different household activities. It has also been witnessed that the nurses claimed to have locked the patient in a different room regularly. Thus, this factor limits the market growth.

This home healthcare market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the home healthcare market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Recent Development

  • In 2019, by acquiring HB Healthcare, ResMed solidified its position as the market leader in Korea (HBH). HB Healthcare Safety is a home medical equipment manufacturer established in Korea that offers coaching and technology to patients and healthcare practitioners.

Europe Home Healthcare Market Scope

The home healthcare market is segmented on the basis of type, disease and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

  • Devices
  • Therapeutics
  • Diagnostic
  • Mobility Assist
  • Services
  • Skilled Nursing
  • Unskilled Nursing
  • Software

Disease

  • Heart Diseases
  • Hypertension
  • Bone and Joint Diseases
  • Diabetes, Chronic Obstructive Pulmonary Diseases
  • Obesity
  • Dementia/Alzheimer's Diseases
  • Infective Diseases (HIV/AIDS)
  • Parkinson's Diseases
  • Smoking
  • Asthma
  • Depression

Distribution Channel

  • Direct Tenders
  • Retail Sales

Home Healthcare Market Regional Analysis/Insights

The home healthcare market is analyzed and market size insights and trends are provided by class, products & services, application, workflow, end user, and distribution channel as referenced above.

The major countries covered in the home healthcare market report are Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe.

Germany is anticipated to grow with the highest CAGR in the forecast period due to the presence of a large elderly population in this region and advanced healthcare infrastructure, and relatively higher disposable income levels. Additionally, increasing government initiatives targeting decreasing healthcare costs by enhancing home healthcare are leading to the company's high market share.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Also, the presence and availability of Europe brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Europe Home Healthcare Market Share Analysis

The home healthcare market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Europe presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to home healthcare market

Key players operating in the home healthcare market include:

  • Koninklijke Philips N.V. (U.S)
  • Omron Healthcare, Inc. (Japan)
  • Air Liquide (France)
  • B. Braun Melsungen AG (Germany)
  • Medtronic (Ireland)
  • DaVita Inc. (U.S)
  • Cardinal Health (U.S)
  • Sunrise Medical (U.S)
  • General Electric (U.S)
  • A&D Company, Limited (Japan)
  • BAYADA Home Health Care (U.S)
  • Invacare Corporation (U.S)
  • GE Healthcare (U.K.)
  • Baxter (U.S.)
  • F. Hoffmann-La Roche Ltd  (Switzerland)
  • Bupa Home Healthcare, Ltd (U.K.)
  • Healthcare at Home (U.K.)
  • Linde plc  (Germany) 


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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

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FREQUENTLY ASK QUESTIONS

The Europe Home Healthcare Market is projected to grow at a CAGR of 8.90% during the forecast period by 2030.
The future market value of the Europe Home Healthcare Market is expected to reach USD 213,757.6 million by 2030.
The major players in the Europe Home Healthcare Market are Koninklijke Philips N.V. (U.S), Omron Healthcare, Inc. (Japan), Air Liquide (France), B. Braun Melsungen AG (Germany), Medtronic (Ireland), DaVita Inc. (U.S), Cardinal Health (U.S), Sunrise Medical (U.S), etc.
The countries covered in the Europe Home Healthcare Market are Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe.
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