Home Care Services Industry Set to Achieve USD 1,614.1 Billion by 2035, Growing at 10.5% CAGR

Medical Home Care Services Industry

Future Market Insights (FMI) has unveiled new data highlighting the impressive growth trajectory of the global home care services industry. Valued at USD 581.2 billion in 2024, the market is projected to surge to USD 1,614.1 billion by 2035, registering a robust compound annual growth rate (CAGR) of 10.5% from 2025 to 2035.

Home care services, a pivotal subset of the global caregiving and wellness services market, contribute an estimated 35%-40% share to their parent market. This underscores their critical role in meeting the rising demand for personalized, accessible, and affordable care solutions worldwide.

A Full Report Overview – https://www.futuremarketinsights.com/reports/home-care-services-market

Key Drivers of Market Growth:

1. Aging Population: The growing elderly demographic and increasing prevalence of chronic conditions are propelling demand for home-based care.
2. Technological Integration: Advancements in telehealth, remote monitoring, and smart home devices are enhancing the efficiency and accessibility of home care services.
3. Shifting Preferences: There is a rising inclination towards in-home care over institutional care, driven by cost-effectiveness, comfort, and improved patient outcomes.
4. Policy Support: Governments and private players worldwide are increasing investments in home care infrastructure and services.

Market Highlights:

• 2024 Valuation: USD 581.2 billion.
• 2035 Projection: USD 1,614.1 billion.
• Growth Rate: A CAGR of 10.5% from 2025 to 2035.
• Market Contribution: Home care services account for 35%-40% of the global caregiving and wellness services market.

The global home care services market is on a remarkable growth path, reshaping the caregiving landscape with its patient-centric approach. As the demand for home care continues to expand, this market is set to become a cornerstone of the global wellness and caregiving industry.

2020 to 2024 Global Home Care Services Market Outlook Compared to 2025 to 2035 Forecast

The global market for home care services was growing at 8.5% per annum between 2020 and 2024 due to growth in factors including global demographics, chronic diseases, and personalization in health.

Consumers during this period sought to have non-health, care solutions provided in home and their main goal was to avoid institutional care whenever possible.

Remote health monitoring devices and telehealth were especially instrumental in improving service delivery with favorable developments in technology being manifested in remote health considerations and service scheduling and delivery platforms.

Moreover, consumers’ increasing understanding of the advantages of home care services and governmental encouragement in the form of subsidies and insurance for in-home services also played a role in market growth.

New entrants emerging in the sector as well as independent care service providers with perceived unique care packages and the addition of worthy services such as companionship and wellness programs added to the appeal of the market.

From 2025 to 2035, the market is expected to grow at the same pace as in 2020-2025, implying a CAGR of 10.5% due to the changing consumer behavior along with the affordability of home care services.

The use of artificial intelligence, IoT devices, and Robotics is expected to bring efficiency in operations and quality in services offered in the caregiving industry. Other focal areas like the use of environmentally friendly equipment in production, and equal employment opportunities among others are also in line to experience some growth as the consumers become more conscious of their environment and society.

It is expected that growth for emerging economies will be healthy given enhancements in healthcare facilities, growing income per capita, and customer awareness of professional cleaning services in the house. Other factors like demographic influences like increased move to the growing urban areas and nuclear families will serve to drive demand in these areas.

Competitive Landscape

Leading players in the Home Care Services Market are leveraging strategic partnerships, expansions, and innovations to solidify their positions globally.

For instance:

• Apria Healthcare Group strives to improve patient’s experience and availability of home healthcare services by expanding its service portfolio and making acquisition growths. In 2025 the company launched a set of RPM solutions, and deepened its footprint in the home health domain.
• Alere, Inc., a company that belongs to the giant company called Abbott, is currently focusing to create new diagnostic point-of-care devices for home use. In 2024, they introduced a new diagnostic kits that makes health care screening at home more comfortable and precise.

Key Companies Profiled

Brookdale Senior Living; LHC Group, Inc.; Amedisys, Inc.; Kindred Healthcare, LLC; Encompass Health Corporation; Visiting Angels; Right at Home; Comfort Keepers; Golden Heart Senior Care; Home Instead, Inc.; Others

Home Care Services Market by Category

By Service Type:

• Health Care Services
• Non-Health Care Services

By Duration of Service:

• Hourly
• Daily
• Monthly
• Yearly

By Payment Type:

• Private Pay
• Long-Term Care Insurance
• Health Insurance
• Workers Compensation
• Others

By End User:

• Children
• Adults
• Geriatric

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• MEA

Author By:

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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