Domiciliary Care Market Size (2024 - 2029)

Domiciliary Care Market Analysis

The Domiciliary Care Market size is estimated at USD 197.19 billion in 2024, and is expected to reach USD 275.14 billion by 2029, growing at a CAGR of 5.87% during the forecast period (2024-2029).

The key factors driving the growth of the domiciliary care market are the rising geriatric population and increasing cases of long-term illness and disabilities.

• The geriatric population is more prone to chronic diseases due to their age factor. Hence, the geriatric population is extensively dependent on domiciliary care services. The rising geriatric population worldwide is expected to drive the market over the forecast period.
• For instance, according to the data published by the United Nations in October 2022, by 2030, 1 in 6 people worldwide will be aged 60 years or over. The share of the population aged 60 years and over is projected to increase from 1 billion in 2022 to 1.4 billion in 2023. Hence, the rising geriatric population is expected to increase the demand for domiciliary care.
• Moreover, the increasing cases of long-term illness and disabilities increase the demand for domiciliary care due to the convenience offered by homecare services. For instance, as per the July 2022 update of the World Health Organization (WHO), musculoskeletal conditions affect about 1.71 billion people globally and are the leading cause of disability. Owing to the growing and aging population, the burden of musculoskeletal conditions is rapidly increasing worldwide, creating a significant concern for healthcare systems.
• In addition, according to the report published by the British Heart Foundation (BHF) in April 2023, more than 7.6 million people were living with heart and circulatory diseases in the United Kingdom in 2022, which is further projected to increase with the aging population, decreasing fertility rates, and increasing survivability from other chronic diseases. Hence, the increasing cases of long-term illness and disabilities are expected to increase the demand for domiciliary care.
• Furthermore, increasing strategic activities such as acquisitions and new service launches are expected to drive the market. For instance, in December 2023, Enhabit Inc., a home health and hospice provider, acquired Southwest Florida Home Care Inc.’s home health agency located in Fort Myers. This acquisition increases Enhabit’s existing footprint in Florida. Such strategic activities by key market players are expected to drive the market.
• However, the shortage of skilled healthcare professionals is expected to restrict the demand for the domiciliary market.

Domiciliary Care Industry Segmentation

As per the scope of the report, domiciliary care, also known as home care, provides compassionate support in the comfort of an individual's home. It includes a wide range of services provided by professional caregivers, helping individuals maintain their independence and live at home instead of relocating to a residential site or hospital. The domiciliary care market is segmented into service and geography. By service, the market is segmented into physical support, learning disability support, mental health support, support with memory and cognition, and others. By geography, the market is segmented into North America, Europe, Asia-Pacific, Middle East and Africa, and South America. The market report also covers the estimated market sizes and trends for 17 countries across major regions globally. The report offers a value in USD for the above segments.