Table of Contents
Home Care Market Overview
Home care companies include various services provided in a person’s home to assist with aging, illness, injury, or disability.
These services range from personal care, such as help with daily activities, to skilled medical care, like nursing and physical therapy.
Home care benefits individuals by offering personalized and comfortable care, often at a lower cost compared to institutional settings.
Key considerations include developing a tailored care plan, ensuring caregivers are qualified, and addressing safety and financial aspects.
Agencies must adhere to regulatory standards to ensure quality care. Overall, home care supports independence and enhances the quality of life for those in need.
Market Drivers
The global home care market is expanding due to several key drivers. The aging population and rising prevalence of chronic diseases increase the demand for home-based care. Often preferred for its personalization and cost-effectiveness.
Technological advancements in remote monitoring and telehealth enhance care quality and efficiency. While government support and rising healthcare costs further boost the market.
Increased awareness of the benefits of home care and the need for family caregiver support also contribute to its growth. Reflecting a broader shift towards home-based healthcare solutions.
Market Size
The Home Healthcare Market size is expected to be worth around USD 797.8 billion by 2032 from USD 369.3 billion in 2022. Growing at a CAGR of 8.2% during the forecast period from 2023 to 2032.
List of Major Companies
These are the top 10 companies operating in the Home Care Market:
Samsung
Company Overview
| Establishment Year | 1969 |
| Headquarter | Suwon, Seoul, South Korea |
| Key Management | Lee Jae-Yong (Executive Chairman) |
| Revenue (US$ Bn) | $ 198.2 B (2023) |
| Headcount | ~ 270,372 (2023) |
| Website | https://www.samsung.com/ |
About Samsung Electronics
Samsung Electronics has made notable advancements in the home care companies/sector by integrating advanced AI technology into its products.
At CES 2024, the company introduced the Bespoke Jet Bot Combo™, an AI-powered vacuum and mop robot that improves cleaning efficiency through features like AI Object Recognition for precise navigation and AI Floor Detection for adaptable cleaning based on floor type.
Samsung also expanded its “Bespoke AI” range, emphasizing personalization, connectivity, and sustainability.
These innovations underscore Samsung’s commitment to enhancing the smart home experience and reinforcing its leadership in the home care market.
Geographical Presence
Samsung Electronics maintains a broad global presence strategically located to enhance market reach and operational efficiency.
In North America, it focuses on extensive manufacturing and R&D in the US and Canada. In Europe, the company has a strong presence across Western and Eastern regions through research and production facilities.
The Asia-Pacific region is vital, with key operations in South Korea, China, India, and Japan. In Latin America, Brazil and Mexico serve as major production and retail centers.
In the Middle East and Africa, significant operations are based in the UAE, Saudi Arabia, South Africa, and Nigeria.
This strategic positioning enables Samsung to meet regional demands and stay competitive worldwide effectively.
Recent Developments
- In April 2024, Samsung Electronics unveiled its Bespoke AI home appliances, featuring advanced AI and SmartThings integration. These products mark a significant advancement in customer convenience through a highly connected ecosystem.
- In December 2023, Samsung Electronics launched a new vacuum lineup with advanced AI, including the Bespoke Jet Bot Combo™, which combines vacuuming, mopping, and steam cleaning for improved convenience.
Siemens
Company Overview
| Establishment Year | 1847 |
| Headquarter | Munich, Germany |
| Key Management | Roland Busch (CEO) |
| Revenue (US$ Bn) | $ 81.8 B (2023) |
| Headcount | ~ 320,000 (2023) |
| Website | https://www.siemens.com/ |
About Siemens
Siemens AG is advancing in the home care companies/sector by integrating digitalization and smart infrastructure technologies.
The company has recently expanded its Smart Infrastructure segment, which features home automation systems designed to enhance energy efficiency and security.
This segment has shown strong revenue growth. Siemens continues to optimize its portfolio through investments in digitalization and the development of advanced home care solutions using industrial software and automation.
These initiatives support Siemens’ strategy to lead in smart home technologies and strengthen its position in the expanding home care market.
Geographical Presence
Headquartered in Munich, Germany, Siemens AG has a robust global presence across key regions. In Europe, its operations span Germany, the UK, France, Italy, and Spain, with a focus on automation and digital industries.
North American activities are significant in the US, Canada, and Mexico, while in South America, Siemens is active in Brazil and Argentina.
The company also has a strong foothold in Asia-Pacific, with key markets in China, India, Japan, and Australia, and is notable in the Middle East and Africa, especially in the UAE, Saudi Arabia, and South Africa. This extensive reach underpins Siemens’s global leadership in technology and industrial solutions.
Recent Developments
- In July 2024, Siemens signed an agreement with Boson Energy to develop a technology that transforms non-recyclable waste into clean energy.
- In July 2024, Siemens partnered with Stadtwerke Stuttgart to advance urban energy transition through cutting-edge building and energy management solutions, aiding climate neutrality efforts.
Sony
Company Overview
| Establishment Year | 1946 |
| Headquarter | Tokyo, Japan |
| Key Management | Kenichiro Yoshida (CEO) |
| Revenue (US$ Bn) | $ 96.2 B (2023) |
| Headcount | ~ 113,000 (2023) |
| Website | https://sony.com/ |
About Sony Corporation
Sony Corporation is expanding into the home care companies/sector by leveraging its expertise in consumer electronics and smart technology.
Recently, the company has introduced advanced home theatre systems and smart TVs that integrate with smart home ecosystems, offering enhanced control and automation.
Financially, Sony’s forecasted net profit for fiscal year 2024 is now 980 billion yen, boosted by strong sales in gaming, music, and sensors.
These initiatives highlight Sony’s focus on integrating cutting-edge technology into home care products to meet growing consumer demand for connected and efficient home environments.
Geographical Presence
Sony Group Corporation, based in Tokyo, Japan, maintains a broad international presence. It operates across Asia-Pacific in Japan, China, South Korea, and India, with a focus on electronics, gaming, and entertainment.
In North America, Sony is prominent in the US and Canada, covering electronics, PlayStation, and media. In Europe, key markets include the UK, Germany, and France.
Latin American operations are significant in Brazil and Mexico, while the company is expanding in the Middle East, particularly the UAE and Africa, emphasizing electronics and professional solutions. This global footprint underpins Sony’s diverse business activities and market strategy.
Recent Development
- In August 2024, Sony was selected by the NFL as an official NFL technology partner.
- In July 2024, Sony Corporation partnered with the NFL to boost fan engagement and game experiences through advanced imaging and video technology.
Bosch
Company Overview
| Establishment Year | 1886 |
| Headquarter | Stuttgart, Germany |
| Key Management | Stefan Hartung (CEO) |
| Revenue (US$ Bn) | $ 99.1 B (2023) |
| Headcount | ~ 429,416 (2023) |
| Website | https://www.bosch.com/ |
About Robert Bosch
Robert Bosch is expanding its home care companies/sector with a focus on energy efficiency and smart technologies. At CES 2024, Bosch unveiled the IDS Ultra Heat Pump, designed for North America’s colder climates, which maintains full heating capacity even in sub-zero temperatures.
This innovation supports Bosch’s goal of reducing fossil fuel dependence and enhancing sustainable home energy use.
Additionally, Bosch’s new dishwasher feature, “MySchedule,” optimizes energy consumption by scheduling operations during off-peak hours or when green energy is available. Underscoring the company’s commitment to an eco-friendlier and connected home environment.
Geographical Presence
Robert Bosch GmbH, headquartered in Stuttgart, Germany, boasts a significant global presence with operations across multiple continents.
In Europe, Bosch maintains extensive facilities in Germany, France, the United Kingdom, Italy, and Spain. In North America, the company has substantial operations in the United States, Canada, and Mexico.
South America features key facilities in Brazil and Argentina. In the Asia-Pacific region, Bosch has a notable footprint in China, India, Japan, and South Korea.
Additionally, the company operates in South Africa and the United Arab Emirates in the Middle East and Africa.
This extensive geographical network supports Bosch’s diverse portfolio in automotive components, industrial technology, and consumer goods.
Recent Development
- In July 2024, Robert Bosch Smart Home introduced the new Eyes Outdoor Camera II.
- In June 2024, Bosch Home Comfort unveiled its CL and RL series of water source heat pumps.
ABB
Company Overview
| Establishment Year | 1988 |
| Headquarter | Zürich, Switzerland |
| Key Management | Morten Wierod (CEO) |
| Revenue (US$ Bn) | $ 32.2 B (2023) |
| Headcount | ~ 105,000 (2023) |
| Website | https://global.abb/ |
About ABB
ABB has been advancing its presence in the home care companies/sector through innovative smart home technologies and strategic developments.
Recently, ABB showcased its next-generation smart home solutions at the IFA 2024 event in Berlin, where it introduced enhanced automation systems under its ABB-free@home® platform.
These systems now feature open API integration, allowing for greater customization and compatibility with third-party applications like Amazon Alexa and Philips Hue.
Additionally, ABB has strengthened its product offerings by acquiring the SEAM Group, enhancing its capabilities in electrification services for residential and commercial markets in the US.
These initiatives align with ABB’s broader strategy to lead in the smart home space by integrating advanced automation, energy management, and sustainable technologies.
Geographical Presence
ABB Ltd. operates worldwide, with key facilities in Zurich, Germany, the UK, France, Italy, and Sweden. Major hubs in North America are located in Houston, Cleveland, and Toronto.
In the Asia-Pacific region, ABB focuses on manufacturing and renewable energy in China, India, Japan, South Korea, and Australia.
The company also has a strong presence in Brazil and Mexico, targeting industrial automation and electrification, and in the Middle East and Africa, including Saudi Arabia, the UAE, South Africa, and Egypt, serving infrastructure and energy sectors. This global footprint supports ABB’s leadership in power and automation technologies.
Recent Developments
- In July 2024, Mahindra & Mahindra Ltd. selected ABB’s PixelPaint technology for its new EV paint facility.
- In July 2024, ABB partnered with NASCAR to debut an electric vehicle prototype and integrate its electrification technology with NASCAR’s racing innovations.
Amazon
Company Overview
| Establishment Year | 1994 |
| Headquarter | Seattle, Washington, U.S. |
| Key Management | Jeff Bezos (Executive Chairman) |
| Revenue (US$ Bn) | $ 574.8 Billion (2023) |
| Headcount | ~ 1,525,000 (2023) |
| Website | https://www.amazon.com/ |
About Amazon
Amazon.com, Inc. is expanding its presence in home care companies through strategic acquisitions, new product launches, and advanced technologies.
A significant move is the $3.9 billion acquisition of One Medical, positioning Amazon as a major player in home and virtual health care.
This complements Amazon Care’s hybrid in-home and virtual services, which are expanding to major U.S. cities.
The company is also utilizing its logistics network, AI, and smart home devices like Alexa and Echo to enhance remote patient monitoring and telehealth services.
These initiatives reflect Amazon’s strategy to transform the home care market with more accessible, efficient, and tech-driven solutions.
Geographical Presence
Amazon.com, Inc. operates globally and has a substantial presence across multiple regions. In North America, it has significant operations in the United States and Canada.
In South America, its presence is notable in Brazil, with a growing footprint in other countries. Europe sees robust activity in the UK, Germany, France, Italy, and Spain, with a growing presence in other nations.
In the Asia-Pacific region, Amazon is prominent in India, China, Japan, and Australia. The Middle East and Africa include operations in the UAE and South Africa.
Globally, Amazon Web Services (AWS) supports its cloud computing needs with a vast network of data centers across North America, Europe, Asia-Pacific, the Middle East, and Africa, reinforcing its extensive e-commerce and technology operations.
Recent Developments
- In August 2024, Amazon.com, Inc. partnered with TikTok to create a more integrated shopping experience.
- In July 2024, Amazon Italy partnered with Nexi to allow customers to use BANCOMAT Pay for purchases on its Italian site.
LG
Company Overview
| Establishment Year | 1958 |
| Headquarter | Seoul, South Korea |
| Key Management | Kwang-Mo Koo (Chairman) |
| Revenue (US$ Bn) | $ 64.5 Billion (2022) |
| Headcount | ~ 75,000 (2022) |
| Website | https://www.lg.com/ |
About LG Electronics
In 2024, LG Electronics significantly advanced its home care companies/sector initiatives by launching “Primefocus Health,”.
A new platform under its LG NOVA innovation center integrates remote monitoring, AI, and non-invasive tracking for personalized home healthcare. This initiative aims to improve patient care and reduce hospital readmissions.
Additionally, LG demonstrated its commitment to sustainable home solutions at the 2024 KBIS by introducing the Mega Capacity Smart WashCombo™ with Inverter HeatPump™ technology.
Which offers energy efficiency and smart home connectivity. These moves underscore LG’s focus on leveraging technology to enhance home care and energy efficiency.
Geographical Presence
LG Electronics, headquartered in Seoul, South Korea, boasts a significant global presence with operations across multiple regions.
In North America, the company has a strong market presence in the U.S., Canada, and Mexico, focusing on home appliances and consumer electronics.
In Europe, LG operates extensively in Western countries like Germany, the UK, France, and Italy, as well as in Eastern Europe.
The Asia-Pacific region is pivotal for LG, with substantial operations in South Korea, China, Japan, India, and Australia.
In Latin America, LG is prominent in Brazil and Argentina, while in the Middle East and Africa, it maintains a strong presence in the UAE and South Africa.
LG’s global strategy includes numerous manufacturing facilities, robust R&D investments, and a well-established distribution network to support its diverse market segments.
Recent Developments
- In August 2024, LG Electronics announced plans to introduce an all-in-one robot vacuum cleaner featuring both dust suction and mopping functions.
- In May 2024, LG Electronics introduced “Primefocus Health,” a new initiative designed to use advanced technologies and therapies to provide personalized care and empower individuals to manage their health at home.
Philips
Company Overview
| Establishment Year | 1891 |
| Headquarter | Amsterdam, Netherlands |
| Key Management | Roy Jakobs (CEO) |
| Revenue (US$ Bn) | $ 19.6 Billion (2022) |
| Headcount | ~ 69,656 (2023) |
| Website | http://philips.com/ |
About Philips
Philips has been actively enhancing its footprint in the home care companies/sector by incorporating advanced technologies to improve patient care at home.
In 2024, the company introduced new AI-driven solutions, including the CT 5300 system, which offers improved imaging accuracy and efficiency with considerably reduced radiation exposure.
Philips has also expanded its range of personal health products, featuring innovations such as the gender-neutral OneBlade Intimate shaver, designed for sensitive skin protection.
Furthermore, Philips has strengthened its partnerships, exemplified by a 10-year agreement with Nicklaus Children’s Health System in the US.
This partnership aims to enhance clinical workflows through AI-powered radiology and monitoring solutions.
These initiatives reflect Philips’ broader strategy to advance health technology innovation across both hospital and home care settings.
Geographical Presence
Philips, headquartered in Amsterdam, operates globally and has a strategic presence across key regions. In North America, its significant footprint includes major facilities in the US and Canada, focusing on healthcare and consumer lifestyle.
In Europe, Philips has a strong base in the Netherlands, Germany, and the UK. The Asia-Pacific region features substantial operations in China, India, and Japan.
Key markets in Brazil and Mexico serve Latin America, while the Middle East and Africa are addressed through operations in South Africa and the UAE.
Philips leverages a network of innovation centers, manufacturing facilities, and sales and service networks worldwide to drive regional growth and meet diverse market needs.
Recent Development
- In July 2024, Philips announced the sale of Denmark-based AGITO Medical to Duke Street.
- In July 2024, Philips MyCreation partnered with McDonald’s to implement a new lighting system in McDonald’s locations globally.
Schneider
Company Overview
| Establishment Year | 1836 |
| Headquarter | Rueil-Malmaison, France |
| Key Management | Peter Herweck (CEO) |
| Revenue (US$ Bn) | $ 38.8 Billion (2022) |
| Headcount | ~ 153,121 (2023) |
| Website | https://www.se.com/ |
About Schneider Electric
Schneider Electric has been expanding its presence in the home care companies/sector with advanced smart homes and sustainable technologies.
At BuildCon 2024, the company unveiled the Wiser 2.0 smart home system, which combines energy management and automation for enhanced home comfort and efficiency.
It also introduced the “Miluz Lara” line of switches and outlets, featuring real-time air quality monitoring for healthier living.
These innovations support Schneider Electric’s goal of digital transformation in home energy management and sustainability.
The company was also named the World’s Most Sustainable Company for 2024 by Time magazine and Statista, reflecting its dedication to reducing carbon emissions and promoting energy efficiency.
Geographical Presence
Schneider Electric SE has a strong global presence across key regions. In Europe, it operates in Western, Northern, Southern, and Eastern markets, providing tailored solutions.
In North America, the company serves the U.S., Canada, and Mexico with a focus on energy management and automation.
South America includes Brazil, Argentina, and Chile, while Asia-Pacific covers China, India, Japan, Southeast Asia, and Australia.
In the Middle East and Africa, Schneider Electric is active in Saudi Arabia, the UAE, South Africa, Nigeria, and Kenya.
This broad geographical footprint enables the company to meet market needs and capitalize on regional growth opportunities.
Recent Developments
- In July 2024, the Schneider Electric India Foundation, in partnership with PRADAN, launched two Climate Smart Villages in Gumla, Jharkhand, India.
- In July 2024, Schneider Electric partnered with Doss Visual Solutions to develop advanced robotics systems for automated product sorting.
Honeywell
Company Overview
| Establishment Year | 1906 |
| Headquarter | Charlotte, North Carolina, U.S. |
| Key Management | Vimal Kapur (CEO) |
| Revenue (US$ Bn) | $ 36.6 Billion (2023) |
| Headcount | ~ 95,000 (2023) |
| Website | http://honeywell.com/ |
About Honeywell International
In 2024, Honeywell International has advanced the home care companies/sector by integrating cutting-edge technologies and focusing on sustainability.
The company introduced new low-global-warming refrigerants to enhance energy efficiency in cooling systems and forged partnerships to develop sustainable heating and cooling solutions.
Emphasizing smart building technologies, Honeywell anticipates a rise in grid-interactive buildings (GEBs) that manage their energy, promoting resilience and sustainability in home environments.
These initiatives reflect Honeywell’s commitment to leading the digital transformation of home care. Combining innovation with sustainability to meet the demand for smarter, greener living spaces.
Geographical Presence
Honeywell International Inc., headquartered in Charlotte, North Carolina, has a substantial global footprint.
In North America, it operates major facilities in the US, including Charlotte, Phoenix, and Minneapolis, with an additional presence in Canada and Mexico.
In Latin America, Honeywell is active in Brazil, Argentina, and Chile. The company maintains a significant presence in Europe, the Middle East, and Africa (EMEA), with key operations in the UK, Germany, France, Dubai, and South Africa.
Honeywell has notable facilities in China, India, Japan, and Australia in the Asia-Pacific region. This extensive geographical presence supports its diverse range of products and services across various sectors.
Recent Developments
- In July 2024, Honeywell purchased Air Products’ LNG process technology and equipment business for $1.8 billion.
- In July 2024, Honeywell partnered with Odys Aviation to create new ground control stations.
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