Germany Home Healthcare Market Size, Share, and COVID-19 Impact Analysis, By Component (Equipment and Services), By Indication (Cardiovascular Disorder & Hypertension, Diabetes & Kidney Disorders, Neurological & Mental Disorders, Respiratory Disease & COPD, Maternal Disorders, and Others), and Germany Home Healthcare Market Insights, Industry Trend, Forecasts to 2033

Germany Home Healthcare Market Insights Forecasts to 2033

• The Germany Home Healthcare Market Size was valued at USD 3830.5 Million in 2023.
• The Germany Home Healthcare Market Size is Growing at a CAGR of 5.59% from 2023 to 2033
• The Germany Home Healthcare Market Size is Expected to reach USD 6569.5 Million by 2033

The Germany Home Healthcare Market Size is Anticipated to Exceed USD 6569.5 Million by 2033, Growing at a CAGR of 5.59% from 2023 to 2033. The increasing prevalence of chronic diseases and the geriatric population are driving the home healthcare market in the Germany.     

Market Overview

Home healthcare market refers to the industry providing medical services to patients in their homes. Home healthcare is medical care provided in a patient’s home with the aim of keeping the patient safe and out of the hospital. It includes nursing care, physical therapy, and other services. The increasing population of 65 years or above age individuals, the increasing prevalence of chronic conditions along the demand for cost-effective healthcare solutions are the factors that surge the need for home healthcare for providing healthcare more efficiency, conveniently, and affordably than hospitals. Technological advancements and the use of technology including telemedicine and remote patient monitoring are bolstering the home healthcare market growth. The emergence of telehealth in home healthcare provides continuous patient monitoring and early intervention through remote consultants with ease of access to healthcare, thereby escalating the market growth opportunities.

Report Coverage

This research report categorizes the market for the Germany home healthcare market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Germany home healthcare market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Germany home healthcare market.

Driving Factors

The increasing prevalence of chronic diseases with the growing elderly population is responsible for driving the home healthcare market. Chronic diseases are commonly prevalent in older individuals. It was estimated that hypertension displayed as the most frequent chronic condition among the German population. The technological advancements including telemedicine and remote patient monitoring are anticipated to propel the market growth. In addition, the growing awareness about home care facilities and increased consumer spending power is contributing to driving the market growth.  

Restraining Factors

The limited insurance coverage for home healthcare services especially including advanced equipment is challenging the home healthcare market. The shortage of skilled workers for healthcare at home hinders the market growth.

Market Segmentation

The Germany home healthcare market share is classified into component and indication.

• The services segment dominated the market with the largest revenue share in 2023 and is anticipated to grow at a significant CAGR during the forecast period.

The Germany home healthcare market is segmented by component into equipment and services. Among these, the services segment dominated the market with the largest revenue share in 2023 and is anticipated to grow at a significant CAGR during the forecast period. Home healthcare services include personal care, therapy, and household help. The increased medical expenditure related to hospital stays surges the need for home healthcare, thereby propelling the market demand in the services segment.

• The neurological & mental disorders segment is dominating the market with the largest revenue share in 2023 and is expected to grow at a significant CAGR growth during the projected timeframe.

Based on the indication, the Germany home healthcare market is divided into cardiovascular disorder & hypertension, diabetes & kidney disorders, neurological & mental disorders, respiratory disease & COPD, maternal disorders, and others. Among these, the neurological & mental disorders segment is dominating the market with the largest revenue share in 2023 and is expected to grow at a significant CAGR growth during the projected timeframe. Home healthcare includes specialized care provided for a range of neurological conditions such as Alzheimer’s disease, Parkinson’s disease, or multiple sclerosis. The increased prevalence of neurological disorder leads to drive the market.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Germany home healthcare market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Medline Industries Inc.
• Acelity L.P.
• Fresenius Medical Care
• Hollister Inc.
• B. Braun Melsungen AG
• ConvaTec Group plc
• Molnlycke Health Care
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Development

• In February 2019, Fresenius Medical Care, the world's largest provider of dialysis products and services, completed the acquisition of NxStage Medical, Inc. (NxStage), following approval by antitrust authorities in the United States. NxStage develops, produces and markets an innovative product portfolio of medical devices for use in home dialysis and critical care.

Market Segment

This study forecasts revenue at Germany, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Germany home healthcare market based on the below-mentioned segments:

Germany Home Healthcare Market, By Component

• Equipment
• Services

Germany Home Healthcare Market, By Indication     

• Cardiovascular Disorder & Hypertension
• Diabetes & Kidney Disorders
• Neurological & Mental Disorders
• Respiratory Disease & COPD
• Maternal Disorders
• Others