Home Care Services Market with Worldwide Industry Analysis to 2020 FMI | Page 3

Report
Description
Report Description
Over the years, the home care services market has grown exponentially on account of demand
from the baby boomers generation. Most people are comfortable in their own homes and
leaving their comfort zone to receive treatment or care in a facility seems like a daunting task for
many. Many elderly people who have lived their entire lives at their homes find it difficult to
adjust to a new institution/facility and this is where home care services have emerged as a
credible alternative.
Demand from Baby Boomers Will Fuel the Demand for Home Care Services Market
The global home care services market is projected to grow at a healthy rate through 2020. Rise
in the baby boomers population around the world is projected to be the key driver for the
growth of the global home care services market. Also, awareness about the benefits of receiving
home care is further expected to propel the growth of this market.
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Home Care Services: Market Segmentation
Home care services can be broadly segmented into health and non-health home care. Home
health care services include diagnostic and monitoring services, medical supplies, and
therapeutic services. It is projected that home healthcare services market will witness a singledigit CAGR through 2020. The non-health home care services segment includes personal
hygiene care and companionship services. Personal hygiene segment further includes cooking
and housekeeping, grocery shopping, and bathing and grooming assistance.