- Home health and hospice care services, offering personalized medical and non-medical assistance to patients in residential settings, are becoming increasingly vital components of modern healthcare due to rising aging populations, the growing burden of chronic diseases, and the preference for cost-effective, home-based treatment alternatives over institutional care
- The escalating demand for these services is primarily driven by healthcare cost containment strategies, technological advancements in remote patient monitoring, and government support for home-based healthcare models
- North America dominated the home health and hospice care market with the largest revenue share of 40.6% in 2024, attributed to well-established reimbursement frameworks, rising elderly population, and the growing shift toward value-based care. The U.S. leads the region with increased adoption of home healthcare devices, remote monitoring tools, and hospice services, supported by Medicare and Medicaid expansion for at-home treatments
- Asia-Pacific is projected to be the fastest-growing region in the home health and hospice care market during the forecast period (2025–2032), with a CAGR of 10.9%, due to increasing urbanization, rapidly aging populations, and growing awareness of palliative and long-term care services. Countries such as Japan, China, and India are driving demand through government-led aging-in-place programs and expanding homecare networks
- The skilled care segment dominated the home health and hospice care market with a revenue share of 58.6% in 2024, driven by the increasing need for medical monitoring, wound care, physical therapy, and other professional healthcare services at home. The rising prevalence of chronic diseases and the aging population have significantly elevated the demand for licensed professionals such as registered nurses and therapists
