Europe Home Healthcare Market

Europe Home Healthcare Market Size (2022 to 2027)

The size of the Home Healthcare Market in Europe is estimated to value USD 134.8 billion by 2027 from USD 89 billion in 2022, growing at a CAGR of 8.66% during the forecast period.

The European Home Healthcare market has had immense development in the past few years, thanks to the rising aging population and advancements in technology. As a result, the European region is accounted for as the second largest in the home healthcare market over the regional period. The growing aging population and advancements in technology drive the growth of the home healthcare market. Germany is predicted to have the largest share in the European home healthcare market and is expected to dominate the market throughout the period, next to France and the UK. German home healthcare market is expected to have the highest market due to the increasing amount spent on in-home healthcare and the growing demand for skilled nursing workers in-house.

Increasing incidences of chronic diseases is undoubtedly a significant factor for the home healthcare market to grow extensively in the European nations. Furthermore, the rise in demand to have personal caretakers after surgeries is accelerating the market's need. Also, increasing funds from the private and public organizations in the medical sector are propelling the regional market's growth.

Growth opportunities for the market lie in the rise in government initiatives supporting the home healthcare systems. Furthermore, the market is propelled by the increasing elderly population across the globe. Growing demand for cost-effective healthcare is significantly influencing the growth of the market. In addition, the emergence of advanced technology and the launch of various systems in favor of the medical sector are leveraging market demand.

However, the lack of standardization is slightly hindering the demand of the market. Furthermore, stringent rules and regulations by the government may also negatively impact the growth of Europe's market.

This research report on the European Home Healthcare Market has been segmented and sub-segmented into the following categories.

By Product Type:

• Testing, Screening, & Monitoring Products 
• Therapeutic Products        
• Mobility Care Products    

By Type:

• Home Telehealth Monitoring Devices       
• Home Telehealth Services
• Home Telehealth Software    

By Services Type:

• Rehabilitation Therapy Services   
• Infusion Therapy Services
• Unskilled Care Services    
• Respiratory Therapy Services        
• Pregnancy Care Services 
• Skilled Nursing Care Services         
• Hospice  
• Palliative Care Services 

By Software:

• Agency Software 
• Clinical Management Systems       
• Hospice Solutions

By Country:

• UK
• France
• Spain
• Germany
• Italy
• Russia
• Sweden
• Denmark
• Switzerland
• Netherlands
• Turkey
• Czech Republic
• Rest of Europe

Geographically, Germany is the highest market for European home healthcare, followed by the U.K. and France. An increasing number of older people and technological advancement are significant factors for the growth of the German home healthcare market. As a result, the German home healthcare market led the European market in 2020. It resulted from the increase in the number of elderly individuals, chronic diseases, government expenditure, awareness of new advances, attention to home healthcare, and reliable protection scope. France is the second-biggest home healthcare in Europe.

The Russian home healthcare market is expected to have substantial growth over the next five years. Home care product gives excellent treatment facility to the patient with good-quality home-based healthcare and social service. The key reason for the increasing growth of the European market is raising the geriatric population with diseases increased in several European countries. The Russian home healthcare market is expected to have considerable growth in the next years due to excellent treatment given to the patient with a good quality home-based healthcare and social service, which contributes to the market growth in this European region.

The home healthcare market in France is projected to have notable growth in this region. The growing aging population with the rising frequency of continuous diseases like diabetic foot ulcers fuel market growth. In the UK, nearly 3.31 million people are aged above 65years, which is 19.4% of the total population of the UK. In addition, different benefits provided by healthcare technologies such as patient authorization in making them less dependent on healthcare professionals, upgraded quality of care in patients, easy accessibility, and reduced cost of care are likely to spur the home healthcare market growth in this European region.

KEY MARKET PARTICIPANTS:

Notable companies dominating in the European Home Healthcare Market profiled in the report are Almost Family Inc., Amedisys Inc., General Electric Company (GE), Kinnser Software Inc., Linde Group, Omron Corporation, Roche Holding AG, Philips Healthcare, Mckesson Corporation, LHC Group Inc., Kindred Healthcare, Fresenius Se & Co Kgaa, Abbott Laboratories, and Apria Healthcare Group.