From GlobeNewswire: 2025-04-24 09:47:00

The global Home Healthcare Market is growing due to the rise in chronic diseases among the aging population and the cost-effectiveness of home healthcare services. The market is expected to reach $587 billion by 2031 with a CAGR of 8.5% from 2025-2031. North America led the market in 2023, followed by Europe and APAC.

The prevalence of chronic diseases in the elderly population is increasing, with 1 in 6 people worldwide expected to be aged 60 or older by 2030. Noncommunicable diseases like cancer, diabetes, and cardiovascular diseases are more common in older adults, driving the demand for affordable long-term care options.

Home healthcare services have been shown to be cost-effective, leading to reduced emergency room visits, readmissions, and hospitalizations. Programs like Medicare’s Home Health Value-Based Purchasing Model have saved billions of dollars over several years, demonstrating the economic benefits of home healthcare.

Key players in the home healthcare market include Enhabit Home Health & Hospice, Koninklijke Philips NV, and Amedisys Inc. Trending topics in the industry include advancements in patient monitoring, AI applications, telehealth, and innovations in home healthcare products.

The Insight Partners report provides valuable insights for stakeholders in the home healthcare market, offering guidance on navigating the evolving landscape and unlocking new opportunities for growth. For more information, visit their website to purchase a premium copy of the report and stay updated on the latest market trends.



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