"Designing Growth Strategies is in our DNA"
The U.K. home healthcare market size was valued at USD 1.50 billion in 2022. The market is projected to grow from USD 1.61 billion in 2023 to USD 2.60 billion by 2030, exhibiting a CAGR of 7.1% during the forecast period.
Home healthcare is a wide-ranging healthcare service that can be given at home for an injury or illness. The services are less expensive, convenient, and efficient than hospital services. The increasing economic burden on NHS healthcare spending has increased the need for new healthcare systems, such as home healthcare. As a result, home care expenditures, as a proportion of GDP, have increased since the last decade. Adopting this concept will reduce the overall burden of healthcare costs by reducing the number of hospital stays.
Additionally, the growing geriatric population with the increasing prevalence of chronic diseases, such as incontinence, ostomy, diabetic foot ulcer, and others, that can be taken care of at home will drive the market growth in the U.K. The shift in the delivery of many healthcare services from traditional institutional settings to home care and the need for cost-effective care solutions is expected to drive market growth during the forecast period.
Decreased Patient Visits for Chronic Care During COVID-19 Pandemic Hampered Market Growth
The COVID-19 Pandemic negatively impacted the U.K. home healthcare market. Overall. The drop was attributed to the strict lockdown procedures during the pandemic, and interruptions for chronic disorders care hindered market growth. This situation contributed to the drop in patient visits and elective surgeries during the pandemic.
Moreover, the key players experienced a considerable decrease in revenue owing to the lack of demand for continence, ostomy, and wound care during the COVID-19 pandemic.
Furthermore, the rising patient visits and elective surgeries for chronic care post-pandemic are estimated to raise home healthcare adoption, driving market growth during the forecast period.
Incorporation of Remote Patient Monitoring to Cater Growing Patient Needs to Drive Market Growth
In recent years, the U.K. market witnessed a trend of remote patient monitoring. Remote patient monitoring for home healthcare provides a better ability to manage chronic conditions, reduces the risk of disease transmission, lowers cost, and increases efficiencies. Hence, it is estimated that more patients will adopt such a trend.
Currently, several companies are engaging in remote patient monitoring and launching new products for this market. This factor drives market growth during the forecast period.
Request a Free sample to learn more about this report.
Increasing Geriatric Population and High Prevalence of Chronic Illness to Boost Market Growth
The growing aging population, prone to chronic diseases, such as diabetes, hypertension, Alzheimer's, mental illness, incontinence, and others, is expected to boost the demand for an easy-to-access and cost-effective healthcare system at home. According to an article published by the Office of National Statistics in 2022, over 11.0 million or 18.6% of the total population were aged 65 years or older in the U.K. This offers an ample opportunity for the growth of the products by 2030 since the adoption of these products is higher by the elderly population.
Moreover, technological advancements in healthcare devices have helped increase care for the dependent elderly population and patients treating chronic diseases at home healthcare facilities. Various advantages are provided by healthcare technologies, such as empowering patients by making them less dependent on healthcare professionals, driving market growth. Additionally, the improved quality of care, close monitoring of healthcare parameters, ease of access, and reduced cost of care compared to institutional care will fuel the market growth in the U.K. during the forecast period.
Crisis in social care, new value-based payment and care models, and the growing adoption of advanced home care technologies leverage lucrative opportunities to invest in this industry in the U.K.
Rising Inclination Toward Home Healthcare Services to Augment Market Growth
The growing cases of chronic diseases has created a substantial burden in the U.K. Such scenarios are increasing average hospital admissions. However, in treating long-term disorders, the cost burden also increases. These factors promote patients’ preference for cost-effective options, including home healthcare services. According to an article published by the National Institute for Health and Care Research (NIHR) in 2022, home care services are cheaper than hospital care. This service led to no more deaths after six months or one year among the people admitted to hospitals in the U.K.
Also, homecare settings reduce the risk of infections in many ways. Such benefits and cost-effectiveness drive the market size in the U.K.
Potential Gaps in Home Healthcare Service Providers to Hinder Market Growth
Even if the demand for home healthcare products and services is continuously growing, some factors hamper market growth in the U.K. These factors include user experience, psychological abuse or neglectful care practice, harm related to the care home environment, and the processes for integrated learning restrain the U.K. home healthcare market growth.
Additionally, care home residents are at greater risk of harm, abuse, or neglect. Hence, factors such as availability of trained caregivers during emergencies, and home safety concerns is limiting the adoption of homecare products and services. Therefore, such factors are hampering the U.K. home healthcare market expansion during the forecast period.
Wide Range of Medical Devices and their Vast Application Boosts Housekeeping Supplies & Equipment Segment Growth
Based on product, the market is segmented into continence care, wound care, ostomy care, clinical nutrition, respiratory care, housekeeping supplies & equipment, and others.
The housekeeping supplies & equipment segment captured the largest U.K. home healthcare market share in 2022. This is attributable to redesigning the medical devices already used for institutional care by manufacturers to fulfill the need for home healthcare facilities. The high cost, growing adoption of advanced technologies among the U.K. population, and growing elderly population are poised to propel market growth during the forecast period, leveraging lucrative opportunities for the manufacturers.
The continence care segment is further classified as briefs & diapers, catheters & bags, under pads & liners, and others. The continence care segment accounted for the second largest share of the market in the U.K. owing to a large population suffering from urinary or fecal incontinence issues.
The wound care segment is further classified as traditional wound dressings, advanced wound dressings, Negative Pressure Wound Therapy (NPWT), and others. The rising incidence of diabetes is increasing the demand for wound care products, thus propelling the segment’s expansion. The ostomy care is divided into ostomy care bags and accessories.
Clinical nutrition is sub-segmented into parenteral nutrition and enteral nutrition. The growing prevalence of digestive disorders and malnutrition contributes to segmental growth.
The respiratory care and others segment held a substantial share during the forecast period. Some commonly used home care services in respiratory therapy included oxygen therapy and airway management/tracheostomy care. In U.K. various healthcare centers do assign respiratory therapists who can deliver quality respiratory care services to individuals. The strong demand for such facilities is anticipated to promote the segmental expansion.
The others segment includes various therapy services and short term services. The rising prevalence of disease conditions in which these therapies are required and growing adoption of medical facilities is supporting the segmental growth.
To know how our report can help streamline your business, Speak to Analyst
Smith+Nephew and Coloplast Corp Dominated the Market in 2022 Owing to Strong Strategic Investments and Product Portfolio
The competitive landscape of the U.K. market is consolidated type, as key companies, such as Smith+Nephew, Coloplast Corp, Mölnlycke Health Care AB., Convatec Inc., and Hollister Incorporated. These players accounted for a significant proportion of the market share in 2022. These companies strongly focus on new product launches, investments, and mergers & acquisitions, which enabled them to gain a prominent position in 2022.
The other key players in the market include B. Braun SE, 3M, Fresenius Medical Care AG & Co. KGaA, and Medline Industries, Inc. The growing emphasis on partnerships and acquisitions with other major players to widen the portfolio are some factors that contribute to these companies’ market expansion.
The market report provides qualitative and quantitative insights and a detailed analysis of the market trends in the U.K. based on product types. The report also elaborates on the U.K. home healthcare market analysis, potentials, market dynamics, and competitive landscape. The report provides key insights: the reimbursement scenario for the market in the U.K., the aging population, the industry structure, long-term care GDP expenditure, U.K., government initiatives in home healthcare in the U.K., and key industry developments. The report also provides a competitive analysis and COVID-19's impact on the market.
CAGR of 7.1% from 2023 to 2030
Value (USD billion)
Fortune Business Insights says that the market stood at USD 1.50 billion in 2022 and is projected to reach USD 2.60 billion by 2030.
The U.K. market is projected to grow at a CAGR of 7.1% from 2023 to 2030.
The housekeeping supplies & equipment segment led the market in 2022.
The rising number of geriatric patients and growing chronic illness among them is one of the most significant driving factors in the market.
Smith+Nephew, Coloplast Corp, Mölnlycke Health Care AB., Convatec Inc., and Hollister Incorporated are the major players in the market.
The surge in demand for personal care and increasing healthcare expenditure is expected to drive the adoption of these products.
“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”- U.S.-based biotechnology company focussing on treatment of chronic pain.
“Kudos to your team. Thank you very much for your support and agility to answer our questions.”- Europe-based provider of solutions to automate data centre operations.
“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”- India-based manufacturer of industrial and specialty intermediates with a strong global presence.
“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”- One of the largest cosmetics company in the world.
“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”- U.S. based startup operating in the cultivated meat market.
“We received the below report on the U.S. market from you. We were very satisfied with the report.”- Global hearing aids manufacturer.
“I just finished my first pass-through of the report. Great work! Thank you!”- U.S. based solar racking solutions provider.
“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”- World’s leading advisory firm.
“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”- Germany based machine construction company.
“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”- Japanese manufacturing company of stationery products.
“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”- One of the Leading Food Companies in Germany
“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”- Intuitive Surgical
“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”- Major Food Company in Japan
“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”- Ziering Medical
“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”- Major Manufacturer of Precision Machine Parts in India
“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”- Hewlett-Packard
“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”- Global Management Consulting Firm
“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”- UK-based Start-up in the Medical Devices Sector
“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”- One of the Largest Companies in the Defence Industry