Report Overview

The EU Home Care market size was valued at USD 84.2 billion in 2019 and is expected to grow at a compound annual growth rate CAGR of XX % from 2019 to 2028

EU countries spent on average 0.6% of their healthcare expenditures on curative home and rehabilitative home care and 3.5% on long-term nursing care at home. Advancements in medical devices, pharmaceuticals, and innovations in technology have also made home care solutions affordable for people that are homebound and prefer medical care in the comfort of their homes. More than three-quarters of outpatient care spending in the EU is borne by compulsory financing schemes and the government. The availability of portable devices such as heart rate monitors, respiratory aids, and blood glucose monitors has improved the efficiency and effectiveness of home care for lifestyle diseases



Market Growth Drivers

The growing geriatric population in the region coupled with the rising incidence of chronic diseases is the key factor driving the market for home care in the region. Increasing awareness about home care services and the launch of new devices for treating various conditions at home is another major factor propelling the market growth. Furthermore, the increasing prevalence of lifestyle diseases has increased the need for continuous and coordinated care services for home-bound patients recovering from acute injury or illness. The reimbursement provided by the government is also driving the market for home care in the EU with the transition from inpatient to outpatient care