This statistic shows the revenue of the industry “nursing and residential care facilities“ in the U.S. from 2012 to 2018, with a forecast to 2024. It is projected that the revenue of nursing and residential care facilities in the U.S. will amount to approximately 269,8 billion U.S. Dollars by 2024.

The UK has an ageing population – for the Residential Nursing Care industry, this is an opportunity for growth with demand for more beds expanding. Homes have upped their average weekly fees, contributing to revenue. High inflation over the two years through 2023-24 has raised fees further. However, state involvement has limited growth, which has kept care fees artificially low for many nursing home residents. Residential nursing care revenue is anticipated to remain stable at £9.3 billion over the five years through 2024-25, including revenue growth of 3% in 2024-25. Weak government funding and wage cost pressures caused by the rising National Living Wage (which will increase to £12.21 in April 2025) have constrained profitability. Labour supply shortages caused by high turnover rates have been of particular concern. According to Skills For Care, the job vacancy rate in 2023-24 in the adult care sector was 8.3%, way above the average rate in the UK economy. That being said, the vacancy rate is declining thanks mainly to a government-driven recruitment drive to attract overseas workers, which has been helped by reducing visa requirements. Rising real household disposable income had supported more self-funded residents, aiding residential nursing care. However, data from the ONS revealed the percentage of self-funded residents fell from 36.7% in 2019-20 to 34.9% over the year through February 2022. In the year through February 2023, this has risen again to 37% of the 372,035 care home residents. Families are still struggling with the rising cost of living, reducing the number of people able to afford private care home costs, which has somewhat constrained revenue growth. Over the five years through 2029-30, residential and nursing care revenue is estimated to expand at a compound annual rate of 4.1% to £11.4 billion. Robust demand from an ageing population will support industry growth. However, plans for adult social care reforms are to be released in two stages (the first in 2026 and the second in 2028), which has caused greater uncertainty for the sector's future. Staff shortage concerns will continue to plague nursing care.

This statistic shows the revenue of the industry “nursing and residential care facilities“ in Ohio by segment from 2012 to 2017, with a forecast to 2024. It is projected that the revenue of nursing and residential care facilities in Ohio will amount to approximately 10.680,5 million U.S. Dollars by 2024.

The Irish population is ageing, driving up demand for residential nursing care, given older people are more prone to health issues. Rising prices for private nursing care are also pushing up revenue. However, inflationary pressures have constrained incomes, reducing the affordability of private homes, holding growth down. Revenue is forecast to rise at a compound annual rate of 1% over the five years through 2024 to reach €753.2 million. Demand for nursing homes tanked in 2020 a result of the COVID-19 outbreak. A high number of deaths among existing residents paired with the lower intake of new residents – the result of homes reducing capacity to prevent the spread of the virus – contributed to a drop in revenue over the year. The COVID-19 vaccine rollout ensured a bounce for the sector and revenue has grown since 2021, enabling more elderly people to become residents in care homes. Further funding for residential care announced in Budget 2024 means revenue is set to grow by 2% in 2024. Revenue is anticipated to climb at a compound annual rate of 3.2% over the five years through 2029 to €880.2 million, as the number of people aged 65 and over is set to grow over the next decade, according to the Central Statistics Office. High demand for residential nursing care will exacerbate current staffing shortages, though new technology should help improve the resident-to-staff ratio, as advances in technology help nurses to be more time-effective. NHI is calling on the government to raise FDS rates to support employee salaries, which will help ease recruitment and retainment issues. As demand for nursing homes continues to mount, homes will be able to raise fees, giving profit a much-needed boost.

The global home care market size reached USD 163.4 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 227.3 Billion by 2033, exhibiting a growth rate (CAGR) of 3.62% during 2025-2033. The rising consumer awareness towards personal hygiene, along with the development of cost-effective and efficient home care products that can be extensively used in a wide array of household applications, is stimulating the market growth.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 163.4 Billion
Market Forecast in 2033	USD 227.3 Billion
Market Growth Rate ​​​​​​​2025-2033	3.62%

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional and country levels for 2025-2033. Our report has categorized the market based on product type and distribution channel.

Home care providers support the overall health and well-being of millions in the US annually. This number has been growing fast, expanding the scale and scope of home care providers in recent years. A rising number of adults 65 and older has been the primary driver behind this, as older adults are at a higher risk of developing a condition or experiencing an injury that limits their ability to perform tasks they once did independently. While changing demographic trends are an overarching trend impacting the health sector, the pandemic has permanently altered the industry's trajectory. Widespread outbreaks at residential facilities in the first year of the pandemic led more people to value remaining in their homes as they age; the interest in aging-in-place has only grown even as pandemic concerns have dissipated as older adults look for options that provide safety and independence. In all, revenue has been expanding at a CAGR of 3.5% to an estimated $153.7 billion over the past five years, including expected growth of 3.2% in 2025. The mounting need for home care services and a shortage of home health aides create a mismatch between supply and demand that limits revenue growth. Shortages, preexisting the pandemic, have worsened as caregivers seek more flexible jobs with higher pay, creating increasingly high turnover that pressures providers to raise wages. Medicare reimbursements to home health agencies have been declining for several years, preventing home health agencies from raising salaries despite shortages. Clients eligible for home care services through insurance face long waiting periods, leading more people to opt for self-directed care, where family members or friends work as paid caregivers. Too few caregivers prevent the industry from fully benefiting from ballooning demand and curtail profit growth. Trends driving growth in recent years will accelerate moving forward, providing massive opportunities for home care providers. How home care providers capitalize on these trends will depend on insurer reimbursements and workforce development. Technology, ranging from wearables to telehealth, will have a more prominent role in the industry as providers look for ways to improve patient care while lessening the burden on staff. Regulatory and financial pressures will maintain consolidation activity, with private equity investment likely to expand as well. A major headwind facing the industry will be the future of Medicare policies and to what extent they cover home health and telehealth services. Revenue will grow at a CAGR of 2.8% to an estimated $176.8 billion over the next five years.

This statistic shows the revenue of the industry “nursing and residential care facilities“ in Georgia from 2012 to 2017, with a forecast to 2024. It is projected that the revenue of nursing and residential care facilities in Georgia will amount to approximately 5.070,0 million U.S. Dollars by 2024.

The Europe home care market reached a value of around USD 31982.76 Million in 2024. The market is further expected to grow at a CAGR of 2.80% in the forecast period of 2025-2034 to attain a value of USD 42154.81 Million by 2034.

According to Cognitive Market Research, the global Long-term Care Software market size will be USD 5.8 billion in 2024 and will expand at the compound annual growth rate (CAGR) of 9.3% from 2024 to 2031. Market Dynamics of Long-term Care Software Market

Key Drivers for Long-term Care Software Market

Increasing Technological Advancements and Integration - The technological advancements has an important role in driving the long-term care software market. Innovations in cloud computing, artificial intelligence (AI), and telehealth have revolutionized how long-term care facilities operate. Cloud-based solutions offer scalability, flexibility, and remote access to patient data, allowing caregivers to provide timely and accurate care. AI-powered analytics enhance decision-making processes by predicting patient outcomes and identifying potential health risks. Telehealth services have gained prominence, especially during the COVID-19 pandemic, enabling remote consultations and continuous patient monitoring. Integration of long-term care software with other healthcare systems, such as hospital information systems and pharmacy management, ensures seamless data flow and interoperability.
The government initiatives and regulatory compliance are anticipated to drive the Long-term Care Software market's expansion in the years ahead.

Key Restraints for Long-term Care Software Market

The high implementation and maintenance costs can deter the adoption of long-term care software, limiting the Long-term Care Software industry growth.
The market also faces significant difficulties related to limited technical expertise.

Introduction of the Long-term Care Software Market

The Long-term Care Software Market is experiencing notable growth, driven by the surging demand for efficient management systems in care facilities catering to the elderly and chronically ill. This software includes a range of functionalities, including electronic health records (EHR), billing, scheduling, and compliance management, aimed at streamlining operations and improving patient care. As the aging population rises, the need for comprehensive care solutions becomes more critical, propelling the adoption of LTC software. Additionally, the advancements in technology and growing awareness about the benefits of digital solutions in healthcare contribute to market expansion. However, despite these positive trends, the market faces challenges such as high implementation costs and the need for specialized training for staff. Nevertheless, with continuous innovation and supportive government initiatives, the long-term care software market is assured for the significant growth, enhancing the efficiency and quality of care services offered to older people and those with chronic conditions.

Global Home Health Care And Residential Nursing Care Services market size is expected to reach $1569.22 billion by 2029 at 4.5%, segmented as by type, home health care providers, retirement communities, nursing care facilities

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Home Healthcare Services Market Size 2024-2028

The home healthcare services market size is forecast to increase by USD 51.53 billion at a CAGR of 10.03% between 2023 and 2028. The market is experiencing significant growth due to several key trends and drivers. The aging population, particularly those with chronic conditions such as pregnancy care services, cancer, respiratory conditions, cardiovascular conditions, hypertension, diabetes, hearing impairments, and others, are increasingly opting for home healthcare services for improved patient comfort and convenience. Additionally, the adoption of connected healthcare solutions, including telemedicine, home healthcare agencies, smart sensors, and telehealth platforms, is gaining acceptance among health organizations and patients. These technologies enable medical monitoring and remote patient care, addressing the limited availability of skilled workforce in remote areas. Overall, the home healthcare market is poised for growth, offering opportunities for innovation and improvement in patient care.

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The home healthcare sector is experiencing significant growth due to the increasing prevalence of chronic illnesses and an aging population. According to health systems, home healthcare services offer patient comfort and convenience, making them an attractive alternative to traditional institutional care. The services segment, which includes telehealth and virtual medical services, is expected to dominate the market due to the growing adoption of remote patient monitoring and telemedicine. Home healthcare agencies provide a range of services, including skilled nursing care, rehabilitation segment, and medical social services. These services cater to various needs, such as physical therapy, occupational therapy, speech therapy, and personal care support.

Furthermore, the rehabilitation segment is projected to witness substantial growth due to the rising incidence of chronic diseases and the increasing preference for home-based care. Smart sensors and telehealth platforms enable healthcare organizations to monitor patients remotely and provide timely interventions, improving patient outcomes and reducing hospital readmissions. The integration of educational services and licensed healthcare providers further enhances the quality of care delivered through home healthcare services.

Market Segmentation

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Application

  Therapeutic services
  Diagnostic services
  Others


Geography

  North America

    US


  Asia

    China
    India


  Europe

    Germany
    UK


  Rest of World (ROW)

By Application Insights

The therapeutic services segment is estimated to witness significant growth during the forecast period. Home healthcare services encompass a range of unskilled and skilled services designed to cater to the medical needs of individuals in the comfort of their homes. These services include medical expenditure for therapeutic, diagnostic, and mobility assistance for those with neurological and mental disorders, such as Alzheimer's disease and mobility disorders, as well as lifestyle diseases like obesity. Skilled nursing services are essential for critically ill patients or those at high risk of medical conditions, who may require home intensive care unit (ICU) services. Postoperative care, primary care, and geriatric population care are also integral parts of home healthcare services.

Furthermore, with healthcare reforms emphasizing value-based care services, patient monitoring devices have become increasingly important for remote patient monitoring and early intervention. Home healthcare services are a crucial component of the healthcare industry, providing essential care for individuals with diverse medical needs. Skilled healthcare professionals offer therapeutic services, including wound management and rehabilitation, to help patients recover from surgeries and medical conditions, ensuring optimal health outcomes.

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The therapeutic services segment was valued at USD 28.79 billion in 2018 and showed a gradual increase during the forecast period.

Regional Insights

North America is estimated to contribute 39% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The market in North America is experiencing significant growth due to several factors. The increasing prevalence of chronic conditions such as neurological and mental disor

The global home care market attained a value of nearly USD 105.33 Billion in 2024. The market is further expected to grow at a CAGR of 3.50% during the forecast period of 2025-2034 to reach a value of USD 148.58 Billion by 2034.

The home healthcare market is set to grow from USD 390.24 billion in 2023 to USD 666.91 billion by 203, with a CAGR of 7.60%. Discover key trends driving growth!

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Home Healthcare Market Size 2025-2029

The home healthcare market size is forecast to increase by USD 492.7 million, at a CAGR of 15.2% between 2024 and 2029.

The market is experiencing significant growth due to the increasing preference for quality healthcare services care in the comfort of one's own home. Patient satisfaction is at an all-time high as home healthcare offers flexibility, convenience, and personalized care. However, this market faces a notable challenge that the rising incidence of life-threatening diseases necessitating home healthcare services puts immense pressure on the availability of home healthcare professionals (HCPs).
This shortage poses a significant challenge for providers, requiring innovative solutions to ensure adequate staffing and maintain the high-quality care expected by patients. Companies that can effectively address this challenge and provide reliable, high-quality medical devices and home healthcare services will be well-positioned to capitalize on the market's potential for growth.

What will be the Size of the Home Healthcare Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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The market continues to evolve, shaped by various sectors and dynamic market activities. Registered nurses (RNs) and other healthcare professionals, including pediatric care specialists, occupational therapists, and home healthcare agencies, deliver personalized care to patients in need. This care encompasses a range of services, from companion care and wound care to rehabilitation therapy and hospice care. Home healthcare software and patient portals facilitate efficient care coordination and medication management, ensuring HIPAA compliance. The aging population's increasing demand for in-home care necessitates continuous workforce development through employee training and quality improvement initiatives. Cost-effective solutions, such as homemaker services and telehealth services, address the chronic disease epidemic and hospital readmissions.

Value-based care and patient satisfaction are key drivers, with healthcare outcomes and diabetes management being crucial focus areas. Assistive devices, including mobility aids and oxygen therapy, enhance the quality of life for patients, while remote patient monitoring and in-home care provide essential support for those with complex conditions. Home infusion therapy and skilled nursing care ensure comprehensive care for patients with chronic diseases. The market's ethical considerations and regulatory landscape continue to unfold, with ongoing compliance regulations and Data Security measures ensuring the highest standards of care. Private insurance coverage and care coordination further strengthen the industry's foundation, enabling it to adapt and thrive in the ever-changing healthcare landscape.

How is this Home Healthcare Industry segmented?

The home healthcare industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Products
  Services
  Solutions


Application

  Medical treatment
  Preventive healthcare


Age Group

  Adults
  Geriatric
  Pediatric


Disease Type

  Cardiovascular disorder and hypertension
  Diabetes and kidney disorders
  Cancer
  Wound care
  Others


Geography

  North America

    US
    Canada
    Mexico


  Europe

    France
    Germany
    Russia
    UK


  APAC

    China
    India
    Japan


  Rest of World (ROW). 

By Type Insights

The products segment is estimated to witness significant growth during the forecast period.

The market encompasses a range of services and products, including Speech-Language Pathologists, Medical Supplies, Home Care Franchises, Mental Health Services, Medical Social Workers, and HIPAA Compliance. Post-Hospital Care, Personalized Care, and Home Healthcare Cost-Effectiveness are key drivers in the market. Ethical Considerations, Palliative Care, and Chronic Disease Epidemic require ongoing Quality Improvement to address Hospital Readmissions and Chronic Disease Management. Value-Based Care prioritizes Patient Satisfaction and Healthcare Outcomes, with Diabetes Management a significant focus. Home Healthcare Agencies employ various professionals such as Homemaker Services, Physical Therapists, Oxygen Therapy Providers, Home Health Aides, Personal Care Services, Telehealth Services, and Home Infusion Therapy specialists.

Compliance Regulations necessitate Patient Portals and Registered Nurses (RNs) for care coordination. Pediatric Care, Occupational Therapists, Companion Care, Wound Care, and Geriatric Care cater to diverse patient needs. The Home Healthcare Workforce r

This statistic shows the revenue of the industry “nursing and residential care facilities“ in Washington from 2012 to 2017, with a forecast to 2024. It is projected that the revenue of nursing and residential care facilities in Washington will amount to approximately 5.971,9 million U.S. Dollars by 2024.

Nursing Care Market is segmented by Service Type (Home Health Care Providers, Nursing Care Facilities, Orphanages and Group Homes, and Retirement Communities), End User (Female Nursing Care and Male Nursing Care), and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The report offers the value (in USD million) for the above segments.

The global sales of home healthcare software is estimated to be worth USD 4,330.8 million in 2025 and anticipated to reach a value of USD 9,702.0 million by 2035. Sales are projected to rise at a CAGR of 8.4% over the forecast period between 2025 and 2035. The revenue generated by home healthcare software in 2024 was USD 3,995.2 million. The industry is anticipated to exhibit a Y-o-Y growth of 8.2% in 2025.

Attributes	Key Insights
Historical Size, 2024	USD 3,995.2 million
Estimated Size, 2025	USD 4,330.8 million
Projected Size, 2035	USD 9,702.0 million
Value-based CAGR (2025 to 2035)	8.4%

Semi Annual Market Update

Particular	Value CAGR
H1	9.1% (2024 to 2034)
H2	8.8% (2024 to 2034)
H1	8.4% (2025 to 2035)
H2	7.9% (2025 to 2035)

Country-wise Insights

Countries	Value CAGR (2025 to 2035)
United States	7.9%
Germany	7.1%
Japan	6.3%
UK	5.4%
China	8.1%
India	8.7%
Australia	7.4%

Category-wise Insights

Product	Clinical Management Systems (CMS)
Value Share (2025)	34.4%

By Usage	Clinical Homecare Systems
Value Share (2035)	52.0%

Market Size statistics on the Home Care Providers industry in United States

Learn more about Market Research Intellect's Home Health Care And Residential Nursing Care Services Market Report, valued at USD 563 billion in 2024, and set to grow to USD 1.025 trillion by 2033 with a CAGR of 7.5% (2026-2033).

According to Cognitive Market Research, the global Household Healthcare market size will be USD 251512.3 million in 2024 and will expand at a compound annual growth rate (CAGR) of 8.00% from 2024 to 2031.

North America held the major market share of more than 40% of the global revenue, with a market size of USD 100604.92 million in 2024. The market will grow at a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD 75453.69 million.
Asia Pacific held a market share of around 23% of global revenue, with a market size of USD 57847.83 million in 2024, and will grow at a compound annual growth rate (CAGR) of 10.0% from 2024 to 2031.
Latin America's Market will have more than 5% of the global revenue with a market size of USD 12575.62 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.4% from 2024 to 2031.
The Middle East and Africa held the major market share of around 2% of the global revenue, with a market size of USD 5030.25 million in 2024. The market will grow at a compound annual growth rate (CAGR) of 7.7% from 2024 to 2031.
Cancer held the highest Household Healthcare market revenue share in 2024.

Market Dynamics of Household Healthcare Market

Key Drivers of Household Healthcare Market

Rising Disposable Income to Provide Viable Market Output

The rise in disposable income is creating a significant increase in global demand. With more disposable income at their disposal, individuals and families are increasingly inclined to invest in healthcare products and services to maintain and enhance their well-being. This trend encourages higher spending on health-related items such as medications, medical devices, wellness programs, and health insurance. Moreover, increased disposable income enables households to afford more expensive healthcare procedures and treatments, leading to higher demand for advanced medical technologies and specialized healthcare services. Overall, the growth in disposable income fosters greater accessibility and affordability of healthcare, driving expansion in the household healthcare market.

For instance, Apollo Homecare offers long-term plans for various diseases, such as ortho rehab, heart rehab, lung rehab, mother-and-baby care, and elderly care. It includes medical supervision and personalized healthcare services.

(Source: https://apollohomecare.com/)

Rising elderly population to Propel Market Growth.

The rise in the elderly population aims to provide growth in the Market. As people age, they often require more frequent and specialized medical attention, leading to increased demand for home healthcare products and services. This demographic shift has prompted innovations in medical technology, such as remote monitoring devices and wearable health trackers, to support aging individuals in managing their health at home. Additionally, the desire for independence and comfort among the elderly population further fuels the demand for household healthcare solutions, ranging from mobility aids to home care services, driving growth and investment in this sector.

For instance, according to the UN Department of Economic and Social Affairs, the number of people over 65 worldwide is expected to increase from 771 million in 2022 to 1.6 billion by 2050. Furthermore, it is projected that the number of individuals 80 years of age and above will triple by 2050 compared to the current figure of 143 million in 2019.

(Source: https://desapublications.un.org/file/989/download)

Restraint Factors Of Household Healthcare Market

High costs of products to Restrict Market Growth

The household healthcare market faces challenges due to the high cost of products. Affordability becomes a crucial issue for consumers, limiting their access to essential healthcare solutions within their homes. From medical devices to specialized equipment and even everyday healthcare products, the steep price tags deter many potential users from purchasing or accessing these items. The financial burden often outweighs the perceived benefits, leading to decreased adoption rates and utilization of household healthcare products. This barrier impedes the market's growth and hampers efforts to improve healthcare accessibility and convenience for individuals and families within their own homes.

Impact of COVID-19 on the Household Heal...