Home Healthcare Industry Trends Analysis Global Industry Size, Share, Emerging Trends, Growth Boosted By Demand and Advanced Technology till 2023
Home Healthcare Market Research Report – Forecast to 2023 includes a vast number of healthcare services that are provided to the patient in their home in case of illness or injuries. Home healthcare is typically less expensive, convenient, and just as effective as a hospital or a nursing facility.
Report Includes Home Healthcare Industry Trends, Size, growth, statistics, industry profits, segmentation and industry overview
Technological advancements in healthcare and diagnosis equipment and changing government initiatives encouraging the adoption of home healthcare are most likely to boost the market demand. The patient demand has prompted prominent market players to take notice. However, concerns related to patient safety can impede the growth of the market.
Market Segmentation
The global Home Healthcare market includes the following segmentation: product, software, and service.
Based on Product, the market includes screening and monitoring and therapeutic and testing, products. The former is further segmented into pulse oximeters & heart rate monitors, blood glucose monitors, holter and event monitors, cholesterol monitoring devices, sleep apnea monitors, blood glucose monitors, and others. The latter is further sub-segmented into respiratory therapy equipment, insulin delivery devices, dialysis equipment, IV equipment, wound care products, and others.
Based on software, the home healthcare market includes clinical management systems, hospice solutions, agency software, and telehealth solution.
Based on services, the market segmentation comprises unskilled care services, rehabilitation therapy services, skilled nursing services, infusion therapy services, respiratory therapy services, and pregnancy care services.
Competitive Analysis
The report identifies various key market players including Fresenius SE & Co KGaA (Germany), GE Healthcare (U.S.), F. Hoffmann-La Roche AG (Switzerland), Abbott (U.S.), B. Braun Melsungen AG (Germany), Koninklijke Philips N.V. (The Netherlands), 3M (U.S.), Medtronic PLC (U.S.), A&D Company (Japan), McKesson Corporation (U.S.), Kinnser Software (U.S.), Becton Dickinson Company (U.S.), Apple (U.S.), Omron Corporation (Japan), LG Electronics (South Korea), and others.
Get Home Healthcare Market Research Report, by Product (Therapeutic products, Other), Service (Skilled Nursing Services, Respiratory Therapy Service, Other), Software (Clinical Management System, Telehealth Solution, Other) – Global Forecast Till 2023 @ https://www.marketresearchfuture.com/reports/home-healthcare-market-2030
On Feb 2019, Air Liquide continued on its pursuit of developing its home healthcare activity in Europe with a big acquisition of Megamed AG and Sleep & Health SA, two historic market players who are based in Switzerland. This will help patients and healthcare professional’s needs to be addressed in a better manner.
Regional Analysis
The home healthcare market, by region, has been segmented into Americas, Europe, Asia Pacific, and the Middle East and Africa. Americas holds the major share of the global market and is poised to retain its pole position towards the end of the assessment period. The factors that are favoring the proliferation of the home healthcare market in the region include the consolidation of key players, increasing healthcare expenditure, the large-scale prevalence of chronic diseases, growing government initiatives, etc. The regional market encompasses North America and South America, out of which, North America’s home healthcare market is likely to exhibit a relatively higher growth rate over the next couple of years.
Europe has secured the second spot in the global home healthcare market. It is expected to grow substantially in the forthcoming years due to the presence of well-developed technologies and increasing support from government and private organizations for research & development.
Asia Pacific is projected to strike the highest CAGR over the assessment period. The growth-inducing factors supporting the regional home healthcare market include growing geriatric population, huge patient pool, and availability of skilled labor force. Meanwhile, the Middle East & Africa is prognosticated to account for the least share of the home healthcare market owing to the prevailing poor economic conditions, especially in the African region.
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