Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Health Caregiving Market – Insights

Health caregiving is a paid or unpaid service provided by certain group of people, also known as “caregivers” to elderly population, mostly those who needs help during every day activity and medication management. Health caregiving service includes daily essential activity; home repair; meals and personal care; transportation services; home delivery; and health and safety awareness.

The global health caregiving market is estimated to account for US$ 117,813.0 Mn in terms of value in 2019 and is expected to reach US$ 311,850.3 Mn by the end of 2027.

Global Health Caregiving Market: Drivers  

Growing trend of nuclear family structure and isolated lifestyles is expected to propel growth of the global health caregiving market over the forecast period. Families are more inclined towards nuclear structure. This is expected to offer conducive environment for growth of the market.

Moreover, increasing adoption of smartphones is also expected to aid in growth of the market. For instance, according to Pew Research Center, 81 % of U.S. adults owned cellphones in 2019

North America region held dominant position in the global health caregiving market in 2018, accounting for 56.4% share in terms of value, followed by Europe.

Health Caregiving  | Coherent Market Insights

Global Health Caregiving Market: Restraints

Overall fragmented market weakens service adoption potential, thereby hindering growth of the market.

Moreover, surprising out-of-pocket costs for caregivers is also limiting growth of the market. According to Genworth, a long-term care insurance provider, the average monthly costs for homemaker services is over US$ 4,000 (Data published in 2018).

Global Health Caregiving Market: Opportunities 

Growing online home delivery services is expected to offer lucrative growth opportunities for players in the market. Moreover, effective management of advertisements and subscriptions is also aiding in growth of the market. People staying at home are connected with the outside world through television and internet, which in turn proves to be the most effective medium for communication.

Designing user-friendly app is expected offer lucrative growth opportunities for players in the market. Elderly people are not that familiar with the latest technology platforms and therefore require medical devices and mobile applications that are simple and user-friendly.

Health Caregiving  | Coherent Market Insights

Daily essential activities segment in the global health caregiving market was valued at US$ 76,279.9 in 2018 and is expected to reach US$ 220,983.4 by 2027 at a CAGR of 12.3% during the forecast period.

Market Trends/Key Takeaways

Increasing prevalence of chronic diseases such as chronic obstructive pulmonary disease (COPD) is aiding in growth of the market. For instance, according to a report by Global Initiative for Chronic Obstruction Disease’s 2018 report, COPD is expected to result in 4.5 million global deaths annually by 2030.

Social media is proving to be a vital tool to break down social and emotional barriers caused due to ageing and has emerged to help caregivers to make social and cultural connections, improve or enhance patient care and education. Healthcare professionals are utilizing this platform to share information, improve and compare quality of services being offered to patients and to train medical personnel.

Global Health Caregiving Market: Competitive Landscape  

Major players operating in the global health caregiving market include, Honor Technology, Inc., Vesta Healthcare (Hometeam Care, Inc.), HomeHero, Inc., Seniorlink, Inc., GreatCall, Inc., Cariloop, Inc., Room2Care, Ltd., UnaliWear, Inc., Care.com, Inc., and CareLinx, Inc.

Global Health Caregiving Market: Key Developments

Major players in the market are focused on adopting partnership and collaboration strategies to expand their product portfolio. For instance, in November 2019, Seniorlink, Inc. collaborated with the RAND Corporation to conduct a research study on effective integration of family caregivers into patient care teams.

Major players in the market are also focused on geographical expansion. For instance, in April 2019, GreatCall started a new caring center in San Antonio, U.S.

Health caregiving involves providing assistance to the chronically ill patients in their daily activities in order to enhance their quality of life. These facilities include providing assistance with daily essential activities such as home repair, home delivery, transportation services, and health and safety awareness such as medication management, care coordination, transition support, and other services. Factors such as increasing prevalence of chronic diseases, increasing geriatric population, and others is expected to support growth of the market over the forecast period.

Restraints of the Global Health Caregiving Market

Factors such as high out-of-pocket costs, limited service adoption, and lack of reimbursement has posed a great challenge to growth of the global health caregiving market.

Key features of the study:

  • This report provides in-depth analysis of the global health caregiving market and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2019–2027), considering 2018, as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
  • It profiles leading players in the global health caregiving market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments, strategies, and future plans
  • Key companies covered as a part of this study include Honor Technology, Inc., Vesta Healthcare (Hometeam Care, Inc.), HomeHero, Inc., Seniorlink, Inc., GreatCall, Inc., Cariloop, Inc., Room2Care, Ltd., UnaliWear, Inc., Care.com, Inc., and CareLinx, Inc.
  • Insights from this report would allow marketers and the management authorities of companies to make informed decision regarding future product launches, technology up-gradation, market expansion, and marketing tactics
  • The global health caregiving market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the market.

Detailed Segmentation

  • Global Health Caregiving Market, By Service Type:
    • Daily Essential Activities
      • Meals, Home, and Personal Care
      • Home Repair
      • Home Delivery
      • Transportation Services
    • Health and Safety Awareness
      • Health Vital Alerts
      • Diet and Nutrition
      • Medication Management
      • Personal Safety Monitoring
      • Telehealth
    • Care Coordination
      • Care Planning
      • Care Professional Engagement
      • Records and Benefits Management
      • Recovery Support
    • Transition Support
      • Home Retrofit Service
      • Long-Term Care Insurance Planning
      • Long-Term Care Provider Referral
      • Legal Assistance
      • Hospice/Funeral Planning
    • Social Well-Being
      • Digital Inclusion
      • Life Enrichment and Empowerment
      • Community Networking
      • Life Companion
    • Caregiver Quality of Life
  • Global Health Caregiving Market, By End User:
    • Geriatric Population
    • Disabled Population
    • Neonatal and Pediatric Population
    • Others
  • Global Health Caregiving Market, By Geography:
    • North America
      • By Service Type
        • Daily Essential Activities
          • Meals, Home, and Personal Care
          • Home Repair
          • Home Delivery
          • Transportation Services
        • Health and Safety Awareness
          • Health Vital Alerts
          • Diet and Nutrition
          • Medication Management
          • Personal Safety Monitoring
          • Telehealth
        • Care Coordination
          • Care Planning
          • Care Professional Engagement
          • Records and Benefits Management
          • Recovery Support
        • Transition Support
          • Home Retrofit Service
          • Long-Term Care Insurance Planning
          • Long-Term Care Provider Referral
          • Legal Assistance
          • Hospice/Funeral Planning
        • Social Well-Being
          • Digital Inclusion
          • Life Enrichment and Empowerment
          • Community Networking
          • Life Companion
        • Caregiver Quality of Life
      • By End User
        • Geriatric Population
        • Disabled Population
        • Neonatal and Pediatric Population
        • Others
      • By Country:
        • U.S.
        • Canada
    • Europe
      • By Service Type
        • Daily Essential Activities
          • Meals, Home, and Personal Care
          • Home Repair
          • Home Delivery
          • Transportation Services
        • Health and Safety Awareness
          • Health Vital Alerts
          • Diet and Nutrition
          • Medication Management
          • Personal Safety Monitoring
          • Telehealth
        • Care Coordination
          • Care Planning
          • Care Professional Engagement
          • Records and Benefits Management
          • Recovery Support
        • Transition Support
          • Home Retrofit Service
          • Long-Term Care Insurance Planning
          • Long-Term Care Provider Referral
          • Legal Assistance
          • Hospice/Funeral Planning
        • Social Well-Being
          • Digital Inclusion
          • Life Enrichment and Empowerment
          • Community Networking
          • Life Companion
        • Caregiver Quality of Life
      • By End User
        • Geriatric Population
        • Disabled Population
        • Neonatal and Pediatric Population
        • Others
      • By Country:
        • U.K.
        • Germany
        • Italy
        • France
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Service Type
        • Daily Essential Activities
          • Meals, Home, and Personal Care
          • Home Repair
          • Home Delivery
          • Transportation Services
        • Health and Safety Awareness
          • Health Vital Alerts
          • Diet and Nutrition
          • Medication Management
          • Personal Safety Monitoring
          • Telehealth
        • Care Coordination
          • Care Planning
          • Care Professional Engagement
          • Records and Benefits Management
          • Recovery Support
        • Transition Support
          • Home Retrofit Service
          • Long-Term Care Insurance Planning
          • Long-Term Care Provider Referral
          • Legal Assistance
          • Hospice/Funeral Planning
        • Social Well-Being
          • Digital Inclusion
          • Life Enrichment and Empowerment
          • Community Networking
          • Life Companion
        • Caregiver Quality of Life
      • By End User
        • Geriatric Population
        • Disabled Population
        • Neonatal and Pediatric Population
        • Others
      • By Country:
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • By Service Type
        • Daily Essential Activities
          • Meals, Home, and Personal Care
          • Home Repair
          • Home Delivery
          • Transportation Services
        • Health and Safety Awareness
          • Health Vital Alerts
          • Diet and Nutrition
          • Medication Management
          • Personal Safety Monitoring
          • Telehealth
        • Care Coordination
          • Care Planning
          • Care Professional Engagement
          • Records and Benefits Management
          • Recovery Support
        • Transition Support
          • Home Retrofit Service
          • Long-Term Care Insurance Planning
          • Long-Term Care Provider Referral
          • Legal Assistance
          • Hospice/Funeral Planning
        • Social Well-Being
          • Digital Inclusion
          • Life Enrichment and Empowerment
          • Community Networking
          • Life Companion
        • Caregiver Quality of Life
      • By End User
        • Geriatric Population
        • Disabled Population
        • Neonatal and Pediatric Population
        • Others
      • By Country:
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Middle East:
      • By Service Type
        • Daily Essential Activities
          • Meals, Home, and Personal Care
          • Home Repair
          • Home Delivery
          • Transportation Services
        • Health and Safety Awareness
          • Health Vital Alerts
          • Diet and Nutrition
          • Medication Management
          • Personal Safety Monitoring
          • Telehealth
        • Care Coordination
          • Care Planning
          • Care Professional Engagement
          • Records and Benefits Management
          • Recovery Support
        • Transition Support
          • Home Retrofit Service
          • Long-Term Care Insurance Planning
          • Long-Term Care Provider Referral
          • Legal Assistance
          • Hospice/Funeral Planning
        • Social Well-Being
          • Digital Inclusion
          • Life Enrichment and Empowerment
          • Community Networking
          • Life Companion
        • Caregiver Quality of Life
      • By End User
        • Geriatric Population
        • Disabled Population
        • Neonatal and Pediatric Population
        • Others
      • By Country:
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • By Service Type
        • Daily Essential Activities
          • Meals, Home, and Personal Care
          • Home Repair
          • Home Delivery
          • Transportation Services
        • Health and Safety Awareness
          • Health Vital Alerts
          • Diet and Nutrition
          • Medication Management
          • Personal Safety Monitoring
          • Telehealth
        • Care Coordination
          • Care Planning
          • Care Professional Engagement
          • Records and Benefits Management
          • Recovery Support
        • Transition Support
          • Home Retrofit Service
          • Long-Term Care Insurance Planning
          • Long-Term Care Provider Referral
          • Legal Assistance
          • Hospice/Funeral Planning
        • Social Well-Being
          • Digital Inclusion
          • Life Enrichment and Empowerment
          • Community Networking
          • Life Companion
        • Caregiver Quality of Life
      • By End User
        • Geriatric Population
        • Disabled Population
        • Neonatal and Pediatric Population
        • Others
      • By Country/Region:
        • Central Africa
        • South Africa
        • North Africa
  • Company Profiles
    • Honor Technology, Inc.*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
    • Vesta Healthcare (Hometeam Care, Inc.)
    • HomeHero, Inc.
    • Seniorlink, Inc.
    • GreatCall, Inc.
    • Cariloop, Inc.
    • Room2Care, Ltd.
    • UnaliWear, Inc.
    • Care.com, Inc.
    • CareLinx, Inc.

 “*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objective and Assumption
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Service Type
      • Market Snippet, By End User
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Impact Analysis
    • Key Developments
    • Regulatory Scenario
    • PEST Analysis
  4. Global Health Caregiving Market, By Service Type, 2019 – 2027 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017–2027
      • Segment Trends
    • Daily Essential Activities
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
      • Segment Trends
        • Meals, Home, and Personal Care
        • Home Repair
        • Home Delivery
        • Transportation Services
    • Health and Safety Awareness
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
      • Segment Trends
        • Health Vital Alerts
        • Diet and Nutrition
        • Medication Management
        • Personal Safety Monitoring
        • Telehealth
    • Care Coordination
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
      • Segment Trends
        • Care Planning
        • Care Professional Engagement
        • Records and Benefits Management
        • Recovery Support
    • Transition Support
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
      • Segment Trends
        • Home Retrofit Service
        • Long-Term Care Insurance Planning
        • Long-Term Care Provider Referral
        • Legal Assistance
        • Hospice/Funeral Planning
    • Social Well-Being
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
      • Segment Trends
        • Digital Inclusion
        • Life Enrichment and Empowerment
        • Community Networking
        • Life Companion
    • Caregiver Quality of Life
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
      • Segment Trends
  5. Global Health Caregiving Market, By End User, 2019 – 2027 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017–2027
      • Segment Trends
    • Geriatric Population
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Disabled Population
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Neonatal and Pediatric Population
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
  6. Global Health Caregiving Market, By Regions, 2019 – 2027 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017–2027
      • Segment Trends
    • North America
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
        • U.S.
        • Canada
    • Europe
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
        • U.K.
        • Germany
        • Italy
        • France
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Middle East
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
        • North Africa
        • Central Africa
        • South Africa
  7. Competitive Landscape
    • Company Profiles
      • Honor Technology, Inc.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Vesta Healthcare (Hometeam Care, Inc.)
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • HomeHero, Inc.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Seniorlink, Inc.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • GreatCall, Inc.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Cariloop, Inc.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Room2Care, Ltd.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • UnaliWear, Inc.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Care.com, Inc.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • CareLinx, Inc.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
  8. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 35 market data tables and 25 figures on “Health Caregiving Market – Global forecast to 2027.

Frequently Asked Questions

The global health caregiving market is estimated to reach US$ 311,850.3 Mn by the end of 2027.
Major players operating in the global health caregiving market include Honor Technology, Inc., Vesta Healthcare (Hometeam Care, Inc.), HomeHero, Inc., Seniorlink, Inc., GreatCall, Inc., Cariloop, Inc., Room2Care, Ltd., UnaliWear, Inc., Care.com, Inc., and CareLinx, Inc.
Surprising out-of-pocket costs for caregivers is one of the major factors that is expected to hamper growth of the market over the forecast period.
The growing trend of nuclear family structure and isolated lifestylesis one of the major factors that is expected to propel growth of the market over the forecast period.
The global health caregiving market is estimated to account for US$ 117,813.0 Mn in terms of value in 2019 .
Among regions, North Americais held a dominant position in the global health caregiving market in 2018 , accounting for 56.4% share in terms of value, followed by Europe.
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