APAC Home Healthcare Market Analysis


  • Type: Service area
  • Published : September 2022
  • Region: APAC
  • Country: Other
  • Report ID : 4993

  • Format: PPT, PDF

APAC Home Healthcare Market Analysis: Segmented by Product Type, Service Type, Software, Country – Growth, Market Size, Future Prospects & Competitive Analysis, 2020 – 2030


Report Description of the APAC Home Healthcare Market Analysis

Research Scope and Assumption

  • The report provides the market value for the base year 2021 and a yearly forecast up to 2030 in terms of revenue (USD billion)
  • The key industry dynamics, regulatory scenario, reimbursement scenario, major market trends, and drug markets are evaluated to understand their impacts on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis
  • We have used the combination of top-down and bottom-up approach for market sizing, analyzing key regional markets, dynamics, and trends for various solutions, services, and end uses
  • All market estimates and forecasts have been validated through primary interviews with the Key Industry Players (KIPs) and secondary analysis
  • Inflation has not been accounted for in order to estimate and forecast the market
  • Numbers may not add up due to rounding off

Reason to buy the report:

  • Facilitate decision-making based on strong current and forecast data for APAC Home Healthcare  Market  Analysis
  • Develop strategies based on the latest regulatory framework
  • Strategically analyze micro-markets with respect to individual growth trends, future prospects, and their contribution to the market
  • Analyze competitive developments such as expansions, investments, mergers & acquisitions, new product developments, and research & developments in the APAC Home Healthcare  Market  Analysis
  • Analyze the opportunities in the market for stakeholders and draw a competitive landscape for market leaders
  • To strategically profile key players and comprehensively analyze their market shares and core competencies
  • We have technically sound team which do a deep dive research and also provide strategy based consulting analysis

APAC Home Healthcare Market Analysis Executive Summary

Home health care is a wide range of health care services that can be given in your home for an illness or injury. Home health care is usually less expensive, more convenient, than and just as effective as care you get in a hospital or skilled nursing facility (SNF). The market for home healthcare has a scope in medicinal gadgets, which help patients analyse or treat different sicknesses. Home healthcare devices play a pivotal part in providing reasonably priced healthcare medicines to patients.

Market Size and Key Findings

The APAC Home Healthcare Market Analysis size stood at around USD 67.3 billion in 2020 and is projected to reach USD xx billion by 2030, exhibiting a CAGR of 11.48% during the forecast period.

The size of the Home Healthcare Market in the Asia Pacific is predicted to be growing at a CAGR of 11.48% from 2020 to 2030. The market size is estimated to value USD xx billion by 20230 from USD 67.3 billion in 2020.

Market Dynamics

Market Growth Drivers Analysis

The Asia Pacific home healthcare market is developing at a promising CAGR because of the growing elderly population and the rising number of people determined to fight diseases like heart issues, diabetes, and different respiratory sicknesses. Moreover, Asia-Pacific home healthcare devices are still in the early stages. These factors are driving home healthcare gadgets during the review time and henceforth will support market growth. Additionally, factors such as the growing number of patients with chronic diseases and the rise in the urban population are expected to favour the APAC home healthcare market. Home healthcare is cheaper than the treatment cost in hospitals, which is primarily broadening the market’s growth. The rising scale of home healthcare companies across the region increases investments in manufacturing simple and convenient equipment by the government to bolster market growth. The growing geriatric population and increasing respiratory problems and kidney issues are further expected to accelerate the market’s growth rate.

Market Restraints

The high cost combined with the repayment issues related to the selection of home healthcare devices would control the market development. In addition, increasing expenditure on healthcare in most countries is a major factor propelling the growth of the home healthcare market in the Asia Pacific. Stringent rules and regulations by the government are hindering the demand for the home healthcare market in this region. In addition, rapid changes in economic strategies are quietly inhibiting the growth of the market.

COVID-19 impact on “APAC Home Healthcare Market”

The healthcare industry witnessed a shift in trends towards home healthcare as compared to hospital care due to revised norms with regards to the COVID-19 pandemic. Since the COVID-19 Pandemic has revealed a significant gap in many countries pertaining to the adequate healthcare staff for home settings, various strategies are being undertaken by the providers, such as a dedicated hotline for handling queries related to C0VID-19 emergencies.

Competitive Landscape

Key Players

A few of the prominent companies operating in the APAC 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.

Products in Pipeline

  • Brand Name – GSK3888550A † RSV
  • Indication – Respiratory syncytial virus prophylaxis in pregnant woman population to prevent respiratory syncytial virus lower respiratory tract illness in infants during first months of life by transfer of maternal antibodies
  • Phase – III
  • Mode of action – Recombinant protein vaccine

Notable Recent Deals

The Hospital for Special Surgery (HSS) has a long history of GE collaboration in the co-development of innovative MR orthopedic solutions, such as imaging around metal implants, quantitative characterization of cartilage and nerve imaging, to name a few.

Healthcare Policies and Regulatory Landscape

Policy changes and Reimbursement scenario

In Asia, rising patient awareness of homecare and an expanding middle class mean that demand for home healthcare is exploding. The Asian market for home healthcare products and services has a double digit annual growth rate. The fast expansion of technology is one key driver of the Asian home healthcare market’s quick growth.

Healthcare IT will be key in addressing the many unmet medical needs of Asian countries. The Asia-Pacific mobile health service industry alone will be worth almost $8 billion by 2018, with most value in telemonitoring and diagnostic services.

By 2018, China will be the largest Asian mobile health service user in terms of revenue — accounting for almost $3 billion. Japan will be the second largest mobile health service market with revenues of $1.5 billion, while India will be third with revenues of close to $1 billion.

Lifestyle differences between the U.S. and Asian countries should be considered when exporting and marketing medical device products in Asia. For instance, Japanese homes are much smaller and have more narrow doorways — so the size of products should be reduced accordingly. Other differences, such as common home furnishings, sleeping mats and showering customs, should also be taken into consideration.

1. Report Description of the APAC Home Healthcare Market Analysis
1.1 Research Scope and Assumption
1.2 Objective of the study
1.3 Research Methodology
1.4 Reason to buy the report
2. APAC Home Healthcare Market Analysis Executive Summary
2.1 APAC Home Healthcare Market Analysis – Industry Snapshot & key buying criteria, 2020-2030
2.2 Market Size, Growth Prospects and Key findings
3. Market Dynamics of APAC Home Healthcare Market Analysis
3.1 Market Growth Drivers Analysis
3.1.1 Growing number of patients with chronic disease
3.1.2 Rise in the urban population
3.2 Market Restraints Analysis
3.2.1 High cost combined with the repayment issues
3.2.2 Increasing expenditure on healthcare
3.3 Covid-19 Market Impact Analysis
4. APAC Home Healthcare Market Segmentation
4.1 By Product Type:
4.1.1 Testing, Screening, & Monitoring Products
4.1.2 Therapeutic Products
4.1.3 Mobility Care Products
4.2 By Service Type:
4.2.1 Rehabilitation Therapy Services
4.2.2 Infusion Therapy Services
4.2.3 Unskilled Care Services
4.2.4 Respiratory Therapy Services
4.2.5 Pregnancy Care Services
4.2.6 Skilled Nursing Care Services
4.2.7 Hospice
4.2.8 Palliative Care Services
4.3 By Software:
4.3.1 Agency Software
4.3.2 Clinical Management Systems
4.3.3 Hospice Solutions
4.4 By Country:
4.4.1 India
4.4.2 China
4.4.3 Japan
4.4.4 Rest of APAC
5. APAC Home Healthcare Market Share
5.1 Market Analysis, Insights and Forecast – By Revenue
6. Competitive Landscape
6.1 Major Top Market Players
6.2 Products in Pipeline
6.3 R&D Initiatives in Home Healthcare Market
6.4 Notable recent deals in Home Healthcare Market
6.4.1 Joint Ventures
6.4.2 Partnerships
6.4.3 Mergers & Acquisitions
6.4.4 Strategic divestments
7. Key Company Profiles
7.1 Almost Family Inc. Company overview
Product & Services, Strategies & Financials
7.2 Amedisys Inc. Company overview
Product & Services, Strategies & Financials
7.3 General Electric Company (GE) Company overview
Product & Services, Strategies & Financials
7.4 Kinnser Software Inc. Company overview
Product & Services, Strategies & Financials
7.5 Linde Group Company overview
Product & Services, Strategies & Financials
7.6 Omron Corporation Company overview
Product & Services, Strategies & Financials
7.7 Roche Holding AG company overview
Product & Services, Strategies & Financials
8. Healthcare Policies and Regulatory Landscape
8.1 Policy changes and Reimbursement scenario
8.2 Government Initiatives / Intervention programs
9. Factors Driving Future Growth
9.1 New Trends and Development of Home Healthcare market
9.2 Future Opportunities
10. Strategic Recommendations

APAC Home Healthcare Market Analysis Segmentation

By Product Type:

The home healthcare equipment market is segmented into three major categories; diagnostic, therapeutic, and mobility assist. The therapeutic segment led the market in 2021 and will expand further at a steady CAGR over the forecast period. This growth is due to the rising prevalence of diseases that require frequent usage of therapeutic equipment. For instance, the usage of insulin delivery devices, home dialysis equipment, and intravenous pumps.

By Service Type:

The services segment led the market with a huge revenue share. The market by services is segmented into skilled home care and unskilled home care. Skilled home care services are provided by healthcare professionals. Unskilled home care services are provided for daily living aid to home-bound patients and are categorized as basic assistance care/personal care services. Skilled home healthcare services dominated the market in 2020 due to rising medical expenditure associated with hospital stays.

By Software:

Based on Software the APAC Home Healthcare Market has been divided into – Agency Software, Clinical Management Systems & Hospice Solutions  

By Country:

Geographically, the Asia-Pacific home healthcare market is segmented into China, Japan, India, Australia and others. Emerging economies such as India, China, Singapore and Malaysia are the potential geographies for market expansion due to improving healthcare standards. These economies have a large presence of domestic manufacturers of home healthcare devices, which contribute to an increase in the market competition for multinational giants by adopting the strategy of price penetration.  

Research Methodology

Insights10 will provide you reports within 10 key parameters which are:

  1. Market overview
  2. Market growth drivers & restraints
  3. Epidemiology or disease type
  4. Market segmentation
  5. Market share
  6. Competitive landscape
  7. Key company profiles
  8. Healthcare policies & regulatory framework
  9. Reimbursement scenario
  10. Factors driving future growth

Based on our many years of experience, we believe that these are the parameters that are critical to decision making for business stakeholders. Our focused approach to develop reports focused on 10 key parameters, enabled us to arrive at the name “Insights10”.

Our analysis methodology involves three critical stages:

Stage I: Market Data Collection

Primary Interviews: We have developed a network of experts, freelancers and researchers across countries through which we engage with local experts to gather key data points and assumptions around each market. We also engage regularly with some of the best market research agencies such as Atheneum, GuidePoint, GLG, etc. to conduct surveys and interviews, and build intelligence. We have language translators as a part of our team, who between them can cover 30+ languages allowing us to extract better local insights.

Secondary Data Collection: We have developed strong expertise and experience in secondary data collection methods for developing unique data sets and research material. We gather data from multiple reliable sources to maintain the high level of accuracy and consistency. The market data is analysed and forecasted using appropriate statistical and coherent models. The report offers an overall analysis of the market size, growth, market share as well as segment-level analysis of the specific market. Our report includes precise, to the point information related to the overall market, competition, growth drivers, challenges, regulatory updates, and competition.

Data Sources: We have access to multiple highly reliable free and subscription data sources. We have many years of experience to understand which sources are more dependable for what and which to prefer for the reliable and latest information. The key sources of information include the following, but are not limited to:

  • Statistical Databases
  • Company Websites/Annual Reports
  • Trade Publications
  • Online Databases
  • Published Research Reports
  • Whitepapers
  • Press Releases of Key Market Players

Stage II: Market Data Analysis and Statistical Model

Market Trends: We generally look at macro parameter and micro indicators. The macro parameters includes changes in government policies, demand and supply of the market, government intervention programs and major market share. The micro indicators GDP growth, market size, market volume etc. We also understand nuances specific to each country like US, Canada, India, Germany, etc. and have worked across 60+ countries and hence no only understand global trends, but how these differ by country, how payment models, market structure, cultural parameters, etc. differ in each country.

Market Sizing and Analysis: Our expert data analytics team has created various market forecast models by employing the top-down approach i.e. start with large overall market and segment different areas and bottom-up approach i.e. start with population and epidemiology and roll up based on spend, etc., estimating the size of the market, and distributing among the geographic and/or product segments.

The top-down approach mainly used for new product forecasting and bottom-up approach is used for demand estimation of any product for different countries summed up to form total market. We are able to round off insights and build stronger forecasts because we always do both these methods and triangulate the final numbers.

The study on the market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific, and Africa for the period of 2020 to 2028. The qualitative analysis covers the industry landscape and trends, market opportunities, competitive landscape and policy and regulatory scenario and the quantitative analysis covers different market estimates and forecasts.

Data Triangulation & Validation:

Data triangulation of various sources and results of the research are carried out by benchmarking with reliable sources such as industry statistics, statistical databases and the company level averages etc.

We make sure to finalize the numbers in alignment to the market research. Firstly, our internal experts ensure thorough validation and checking to ensure the accurate and precise analysis and then validation is also done using multiple data analysis model.  Two level validation is done and entails finalization of report scope and to way of representation pattern.

Stage III: Interpretation and Presentation

Analysis & Interpretation: The information gathered is then analysed and synthesized. A second series of interviews are done if necessary to check and validate. The future opportunities are analysed by understanding product commercialization and many other factors. It also comprises the analysis of data discrepancies observed across various data sources. Information procured from secondary and primary results are then, interpreted by considering following parameters: (a partial list)

  • Establishing market drivers and trends
  • Analyzing regulatory landscape to understand future growth
  • Market Segment based analysis to obtain revenue / volume
  • Analyzing current needs and determining penetration to estimate market

Insights: Our reports deliver actionable insights backed with supporting facts and figures to assist you in achieving exemplary growth. Our in-depth analyses are interspersed with relevant insights and statistics to offer an executive-level view of a given market. The description helps in correlating many minor factors affecting the market and its impact to the different segments within the market.
Data curated from the analysis and interpretation are drawn to portray all in one consolidated report.

Presentation & Reporting: The market research report is presented in different forms such as charts by using a scientific approach for easy understanding. Historic, current and future analysis is provided for each market in terms of both value and volume. The size of the market is interpreted in the US Dollar value and the respective unit, based on the product, for volume consumptions.
The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

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