Home Care Services Market size is foreseen to reach $274.7 billion by 2025, up from $181.9 billion in 2020, with a CAGR of 8.6% during the outlook period.

Home care services include daily chores around the home or office such as laundry, shopping, medication, cleaning, cooking, maintenance, and health care. Home care services fall into two sectors, commercial and residential. Residential cleaning services include (traditionally referred to as cleaning services) carpet cleaners, window cleaners, and a variety of other less frequently required cleaning and home care services such as personal care services and attendants, private nursing services and home health care services. Commercial cleaning services involve carpet, window cleaners and so on.

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The increasing rate of urbanization and change in lifestyle, due to increased disposable income through improved sanitation standards, will likely have a positive impact on the growth of the market in the years to come. The home care services market is dominated by offline channels as the reach of household cleaning products in supermarkets/hypermarkets and convenience stores is high in developing countries.

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Recent Developments

In 2019, Fresenius Medical Care (Germany) acquired NxStage Medical, Inc. (USA). This acquisition strengthens the company's activity in the United States. It enables Fresenius Medical Care to leverage its manufacturing, supply chain and marketing skills in dialysis care products, services and coordination, especially home dialysis and critical care.

In 2020, Lincare, a subsidiary of Linde, offers home respiratory care in the United States. In response to the COVID-19 pandemic, the company offers home services to patients vulnerable to coronavirus. It also helps alleviate the burden on hospitals by moving respiratory and other patients from inpatient care to home care.

LHC Group Inc (USA) has entered into a joint venture agreement with University Health Care System (USA). The joint venture agreement aimed to strengthen home health and palliative care services in eight cities in Georgia and South Carolina.

Market Growth and Trends:

Adoption of a healthier lifestyle due to increased family spending-

The growing importance of healthier lifestyles and people's growing concern for a healthy and hygienic life, free of germs, bacteria, dust and dirt, have led to higher per capita spending on home care products. Additionally, increased awareness of the importance of indoor air quality and growing concern about the impact of unclean air quality on people's overall well-being have increased the demand for air purifiers in recent years. Air purifiers reduce allergies in sensitive individuals by removing dust, pet dander, pollen, mold spores, and dust mite droppings. In recent years, perfume has played a vital role in household cleaning products, as consumers increasingly seek products that offer a strong and pleasant scent, which in turn prompts sellers to differentiate their offerings in terms of packaging, quality, price and perfume.

Market Drivers and Limitations:

The growth of the aging population will stimulate the demand for health care and significantly increase the burden on governments and health systems, as the aging population is more prone to chronic diseases. This will benefit the home care services market, which can improve the overall reach and access to healthcare while reducing unnecessary visits, hospital admissions and readmissions, and associated time, costs and travel to meet health professionals.

In home care services, the doctor-nurse partnership involves less face-to-face contact, and the nurse is responsible for conducting assessments and communicating results. This factor affects the degree of patient safety and the outcome. Another distinctive feature of home care is that physicians provide medical care for each patient in a unique setting. However, there may be situational variables that pose risks to patients that can be difficult to rule out. Hospitals have well-equipped environmental safety services to deal with these cases.

Market Segmentation:

The global home care services market has been segmented and sub-segmented into the following categories:

Global Home Care Service Market - By Service

Cleaning Services
Carpets and Upholstery
Other home care services
Based on the services, the cleaning services segment generated the highest revenue in 2018 and this trend is foreseen to continue throughout the foreseen period. This can be attributed to the growth in the number of working women, mainly in emerging countries. However, the carpet and upholstery segment is likely to grow at the highest CAGR during the conjecture period, due to increased construction activity and increased adoption of cleaning equipment in carpets and upholstery.

Global Home Care Service Market – By Duration

Daily
Weekly
Monthly
Quarterly
Annually
According to duration, daily home care services were the largest segment, accounting for the largest share of the home care services business. This can be attributed to the increasing demand for daily maintenance personnel. However, the monthly home care services segment is estimated to experience the highest growth, due to the increase in disposable income of consumers in developed and emerging countries, so they can spend more on daily home care. home and hygiene services.

Global Home Care Service Market – By Region

North America
Europe
Asia-Pacific
Latin America
Middle East and Africa
Key market players:

The major players described in the report include ABM Industries Inc., Anago Cleaning Systems, Aramark Corporation, Chemdry, Cleannet, Jani-king Inc, Pritchard Industries Inc, Sodexo, Stanley Steemer International, Inc. and The Servicemaster Company, LLC.