Market Research Future published a Half Cooked research report on “Global Home healthcare Market Research Report – Forecast till 2022” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022.
Every day, people around the world enjoy the benefits of home healthcare services. There is the wide range of services that can help people at their home when they are suffering with illness or injury. These services are very less expensive in comparison to services which people get in hospitals. Mostly doctors refer for home health care services, once they done with their treatment. And the home health agency will schedule an appointment and come to your home to talk to you about your needs and ask you some questions about your health.
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Johnson & Johnson (U.S.), Omron Healthcare, Inc. (Japan), Philips (Netherlands), McKesson Corporation (U.S.), HTL Strefa, Becton, Dickinson and Company (U.S.), Sarstedt AG (Germany), eCaring LLC (U.S.), Kindred at Home (U.S.), F. Hoffmann-La Roche Ltd (Switzerland), General Electric Company (U.S.), Interim HealthCare Inc. (U.S.), and The Linde Group (Germany) are some of the leading players at the cutting edge of the competition in the market of home healthcare, globally.
Global Home Healthcare Market – Overview
The global home healthcare market is growing with a swift phase; mainly due to increase in patient population with chronic disease such as cancer, diabetes, stroke, and arthritis. According to report published in University of California, Los Angeles, in 2017, around 47 million Americans already demonstrate with Alzheimer’s and projected to get double by 2060. These rapidly rising in the number of patients suffering with chronic disease, increasing the demand of home healthcare services globally. Thus, market players such as Johnson & Johnson, Omron Healthcare and many more will capture the maximum share of the market.
In 2017, Johnson & Johnson completed the acquisition with Actelion Ltd, for a total purchase price of approximately $30 billion in cash. Janssen Holding GmbH part of Johnson and Johnson, have to acquire all publicly held shares of Actelion Ltd for USD 280 per share. Companies are continuously engaged in merger and acquisition activities for the development of best home health care services. These acquisition will help company to fill the gap of market.
There are many more mergers and acquisitions taking place in order to improve the quality of life of patients. In this regard, Merck & Co. and Pfizer are continuously working together from last four years to introduce best product and finally four year old alliance has reached fruition with the filling of three new products in year 2017. These companies was working together since 2013, and announced that studies of ertugliflozin, an investigational oral SGLT-2 inhibitor in evolution to help control glucose level in adults with type 2 diabetes, met their primary endpoints.
Another development made by Janssen Biotech, Inc. a division of Johnson and Johnson, in 2017, where company announce that FDA approve the guselkumab (Tremfya) for the treatment of psoriasis. These development help the Companies to more focus on research and development program in order to capture maximum market share and maximize the profit.
Global Home Healthcare Market – Regional Analysis
The market for home healthcare is much higher in the Americas, according to the American Burn Association (ABA), approximately 486,000 burn injuries were reported in the U.S in 2014. The government have more focus towards research and development for introducing the best home healthcare treatment for their citizen.
The market of home healthcare is growing rapidly in Asia Pacific region, owing to presence of patient population suffering with injuries and chronic disease such as cancer, diabetes, and obesity. According to the World Health Organization (WHO) publication in 2014, nearly 1 million people suffer from moderate to severe burns every year in India. Thus, the increasing incidence of burn cases is driving the demand of home health care services. Additionally, high rate of obesity population, stress, and unhealthy life balance leads the diabetes population in this region. Which again create the requirement of home healthcare services for easy life balance. Government of developing countries within this region are more focusing towards new technology and advance treatment option, thus more research and development programs are initiated for the development of new drugs. These are the factors which are fuelling the growth of the market of home healthcare with the significant rates. Countries like India and china are more focused market for global market players owing to growing purchasing power as compare to other countries in this region. Hence, market players always focus to capture maximum market share of these countries.
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