The Ireland home healthcare market was valued at $XX Bn in 2022 and is estimated to expand at a compound annual growth rate (CAGR) of XX% from 2022 to 2030 and will reach $XX Bn in 2030. One of the main reasons propelling the growth of this market is the growing elderly population and rising chronic diseases. The market is segmented by Device type and service type. Some key players in this market are Carezapp, Agincare, Irish Home Care, Indu Healthcare
The Ireland home healthcare market was valued at $XX Bn in 2022 and is estimated to expand at a compound annual growth rate (CAGR) of XX% from 2022 to 2030 and will reach $XX Bn in 2030. Home care services can be required by people of all ages due to, for instance, care needs to be associated with a chronic condition or disability, or following a stay in the hospital, older people represent a large proportion of service users; this is reflected in the allocation of resources for home care service provision.
By creating and executing a new integrated model of care for older people, Services for Older Persons will help to maintain the improvement of community care services. This will expand access to care and supports in the home and in the community, lowering the need for acute care and long-term residential care. Along with improving front-door frailty teams, HSE will continue deploying the 30 community specialist teams for older people. In Budget 2022, older people services would get a total of $2.57 Bn, including $32.69 Mn for new construction. The 5 million additional hours of home assistance funded with $163.52 million in 2021 will continue to be provided in 2022. Additionally, from 5% in 2021 to 11% in 2022, a portion of these increased home assistance hours will be set aside specifically for people with dementia.
Market Growth Drivers
The key factors driving the home healthcare market of Ireland are the growing elderly population and the rising number of people determined to fight diseases like heart issues, diabetes, and different respiratory sicknesses. Moreover, Asia-Pacific home healthcare devices are still in the early stages. Home healthcare is considered a cost-effective alternative to hospitalization and institutional care. The government is providing financial support and incentives for the development of the home healthcare industry in Ireland. Because of technological improvements, healthcare equipment is now portable, user-friendly, and more practical for patients who are at home or on the go. The adoption of emerging technologies in this sector has significantly increased the present patient-provider communication flow, enabling better, quicker, and more efficient care. Technology advancements and rising demand are projected to fuel market expansion in Ireland. These factors are driving home healthcare gadgets during the review time and henceforth will support market growth.
Market Restraints
There are many challenges facing the homecare market in Ireland, the high cost combined with the repayment issues related to the selection of home healthcare devices would control the market development. The lack of skilled nursing personnel with a compassionate attitude is anticipated to slow the rate of expansion of the Ireland home healthcare market. Home healthcare services in Ireland are often limited to basic care and may not have access to specialized care such as rehabilitation or palliative care. Reimbursement for home healthcare services is limited in Ireland, which can affect the growth of the industry.
Key Players
In 2020, CareChoice, a leading provider of home healthcare services in Ireland, was acquired by ORIX Corporation, a Japanese financial services company.
Ireland's new statutory home care scheme will not be developed in isolation. It will be designed to complement and integrate effectively with other health and social care services such as long-term residential care (including the Nursing Homes Support Scheme), primary and community services as well as hospital services.
The new scheme will also be developed in the context of relevant existing policies such as the Report of the Oireachtas Committee on the Future of Healthcare, National Carers Strategy37, the Positive Ageing Strategy, and the National Dementia Strategy38, among others. The National Service Plan sets out the government's priorities and funding for healthcare services in Ireland, including home healthcare services.
1. Executive Summary
1.1 Service Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Healthcare Services Market in Country
1.6 Recent Developments in the Country
2. Market Size and Forecasting
2.1 Market Size (With Excel and Methodology)
2.2 Market Segmentation (Check all Segments in Segmentation Section)
3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints
4. Competitive Landscape
4.1 Major Market Share
4.2 Key Company Profile (Check all Companies in the Summary Section)
4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)
5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Services
5.3 Reimbursement Process for Treatment
6. Methodology and Scope
By Device Type (Revenue, USD Billion):
Based on the Device Type the market is segmented into Testing, Screening, Monitoring Devices, Therapeutic Home Healthcare Devices, and Mobility Assist.
By Service Type (Revenue, USD Billion):
By Indication Type (Revenue, USD Billion):
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