APAC eyes fastest growth in global home healthcare market

It is projected to expand at a CAGR of 10.1%.

The Asia Pacific is expected to witness the fastest growth in home healthcare, with the global market forecasted to reach $473.8b by 2030, according to a MarketsandMarkets report.

The region is projected to reflect a compound annual growth rate of 10.1% during the period.

The sector’s expansion is attributed to the presence of emerging economies such as China, India, and Japan, which are experiencing a surge in healthcare demand.

“This rapid growth is primarily driven by increasing disposable incomes, which are enabling more individuals to afford quality healthcare services, including home-based care,” the report said.

Meanwhile, governments across China, India, Japan, and South Korea are launching initiatives to reduce pressure on overburdened hospitals and improve healthcare access in urban and rural areas.

“These efforts include policy reforms, public awareness campaigns, and investments in digital health infrastructure,” it added.