Europe Home Healthcare Market

Europe Home Healthcare Market Size

The size of the home healthcare market in Europe is estimated to value USD 204.19 billion by 2032 from USD 105.07 billion in 2024, growing at a CAGR of 8.66% during the forecast period.

MARKET DRIVERS

Increasing Aging Population & Growing Chronic Disease Patient Population in Europe

The increasing growth of geriatric patients and the rising prevalence of chronic diseases across Europe are fuelling the Europe home healthcare market growth. An increase in older people is anticipated to reach 130.2 million by 2050. European government had issued a wide range of reimbursement policies to the patients. Outpatient care expenditures in Europe are covered under mandatory financing schemes the government serves, driving the market growth of home healthcare. In many cases, most European countries cover outpatient specialists and primary care free of cost. All these reimbursement policies assured by the European government are expected to boost the European home healthcare market growth.

Growing Number of Market Participants

The major market players merging with organizations to provide home healthcare services are boosting the growth of the European home healthcare market. The rising acquisitions between organizations is a significant market strategy organizations follow to increase market growth. The increasing demand for home caretakers after surgeries or for chronic patients from family members due to their busy lifestyles is accelerating market growth.  

Increasing Number of Collaborations between Healthcare Providers and Medical Companies

Medtronic's Integrated Healthcare System (HIS) has 170 long-term partnerships in 24 countries across the European region. It assures value to healthcare organizations by supporting the delivery of high-quality service at home care with cost-effectiveness. People with growing busy lifestyles are adopting the market trend of home healthcare for patients at home. 

MARKET RESTRAINTS

The mentality of the nurses towards the patients is expected to be harsh as the patients are estimated to lose their freedom of movement. This scares most patients to take home healthcare facilities, hampering the European home healthcare market growth. Most of the cases claimed that nurses locked the patients in different rooms regularly, which impacted the patients and limited market growth. Limited insurance coverage for home healthcare services is restraining the market growth. The standard regulations for approving government home healthcare services are challenging because government processes take time and effort. The private healthcare providers are expensive, which is expected to hinder the market growth. Home healthcare services do not have any standard regulations or rules, and this lack of standardization impedes the regional market growth.

SEGMENTAL ANALYSIS

By Product Insights

The therapeutic products segment held the largest European home healthcare market revenue share in 2023. The rising incidence of chronic ailments such as respiratory disorders, kidney diseases, and others increased the demand for therapeutic equipment at home healthcare. Therapeutic equipment for diagnosing, preventing, treating, or modifying any physiological process enhances market growth.

By Type Insights

The home telehealth software segment acquired a significant market revenue share in 2023 as the software acts as a control portal. Home telehealth supports live patient interaction through video, audio, and messaging. The software segment controls these live interactions with the patient, which has greatly impacted the market growth.

By Services Type Insights

The skilled nursing care services segment led the market in Europe in 2023 and is expected to continue to dominate the market throughout the forecast period. Most patient conditions demand skilled nurses as regular medications are necessary, which induced market growth in the skilled nursing care services segment. Skilled nurses are helpful in all other ways, as nurses can handle emergencies.

By Software Insights

The hospice solutions segment held the largest share of the European market revenue in 2023 as they provide emotional, physical, and social support. This segment is expected to dominate the market over the forecast period due to its functionalities, making it easy to manage the clinic. This system includes appointments, doctor schedules, prescriptions, and others.

REGIONAL ANALYSIS

Germany dominated the European Home healthcare market and is anticipated to grow with the highest CAGR over the forecast period. This is due to rapid urbanization, which is causing the growth of older adults nationwide. European countries like the UK, Germany, and France have advanced healthcare infrastructure and high disposable incomes, accelerating market growth. The increasing government initiatives to decrease the cost of the healthcare system enhance the growth of the home healthcare market in Spain and Italy. The increasing prevalence of chronic diseases and older adults is driving the market expansion in the European region. The rising collaborations and acquisitions between organizations and healthcare organizations are fuelling the home healthcare market in these countries.

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.

MARKET SEGMENTATION

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