Global Home Healthcare Market Report and Forecast 2024-2032

Global Home Healthcare Market Growth Drivers

Increasing Incidence of Research and Development Activities

Asthma is a major noncommunicable disease (NCD), affecting both children and adults, and is the most common chronic disease among children affecting more than 262 million people and causing 455,000 deaths. The increasing prevalence is calling for innovations and a sufficient supply-demand chain so that a maximum number of patients can avail of asthma therapeutics. To fill this crucial gap of unmet needs, researchers are trying to develop more effective and innovative inhalers for asthma patients. This initiative from the FDA and the practice by researchers is expected to propel the home healthcare industry growth. For instance, the US Food and Drug Administration (FDA) awarded a group of Australian researchers USD 687,000 to develop improved testing methods for dry powder inhalers. This project is expected to enable more effective development of inhalers, specifically generic inhaler devices. These developments are being performed to increase access to affordable inhalers for asthma patients in the United States and across the globe.

Investment Activities Expected to Propel Development in the Market

The homecare market is experiencing a significant trend toward developing monitoring equipment and technologies to diagnose and keep track of patient’s health activities with certain medical conditions. Medical disorders such as sleep apnea are among those that require continuous monitoring through specific monitoring devices. Huge amount of fundings are required to perform these developments that support the research and development procedure, further contributing to market growth. For instance, in December 2023, Aesyra, a medical device company developing oral appliance technologies to improve sleep, raised USD 3 million in seed financing to support the development and commercialization of the AesyBite line of products for accurate monitoring and treatment of sleep bruxism and sleep apnea.

Strategic Collaborations to Aid Market Growth During the Forecast Period

The home healthcare industry size is poised to grow significantly during the forecast period driven by strategic collaborations and partnerships between market key players. Such strategic moves by the companies are a major factor expected to bring innovation in the market development and propel the global home healthcare market growth.

Home Healthcare Market Report Snapshots

Home Healthcare Market Size

Home Healthcare Market Analysis

Home Healthcare Market Growth

Home Healthcare Market Trends

Home Healthcare Market Share

Home Healthcare Market Regional Analysis

Home Healthcare Companies