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Health Caregiving - Global Market Trajectory & Analytics

  • ID: 5140966
  • Report
  • April 2021
  • Region: Global
  • 292 Pages
  • Global Industry Analysts, Inc
Global Health Caregiving Market to Reach $234.6 Billion by 2027

Amid the COVID-19 crisis, the global market for Health Caregiving estimated at US$111.2 Billion in the year 2020, is projected to reach a revised size of US$234.6 Billion by 2027, growing at a CAGR of 11.2% over the analysis period 2020-2027. Daily Essential Activities, one of the segments analyzed in the report, is projected to record a 10.9% CAGR and reach US$162.5 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Health and Safety Awareness segment is readjusted to a revised 11.2% CAGR for the next 7-year period.

The U.S. Market is Estimated at $30 Billion, While China is Forecast to Grow at 14.8% CAGR

The Health Caregiving market in the U.S. is estimated at US$30 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$50.5 Billion by the year 2027 trailing a CAGR of 14.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.8% and 9.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 8.8% CAGR.

Care Coordination Segment to Record 13% CAGR

In the global Care Coordination segment, USA, Canada, Japan, China and Europe will drive the 12.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$2.5 Billion in the year 2020 will reach a projected size of US$5.7 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$34.3 Billion by the year 2027, while Latin America will expand at a 14.6% CAGR through the analysis period.

Select Competitors (Total 46 Featured):
  • Care.com Inc.
  • CareGuardian, Inc. (dba Hometeam)
  • CareLinx Inc.
  • Cariloop, Inc.
  • GreatCall, Inc.
  • HomeHero, Inc.
  • Honor Technology, Inc.
  • Seniorlink Inc.
  • UnaliWear Inc.
Frequently Asked Questions about the Global Market for Health Caregiving

What is the estimated value of the Global Market for Health Caregiving?

The Global Market for Health Caregiving was estimated to be valued at $111.2 Billion in 2020.

What is the growth rate of the Global Market for Health Caregiving?

The growth rate of the Global Market for Health Caregiving is 11.3%, with an estimated value of $234.6 Billion by 2027.

What is the forecasted size of the Global Market for Health Caregiving?

The Global Market for Health Caregiving is estimated to be worth $234.6 Billion by 2027.
Note: Product cover images may vary from those shown

  • Influencer Market Insights
  • Impact of Covid-19 and a Looming Global Recession


  • Total Companies Profiled: 46
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