Market Research Future (MRFR)’s latest report projects that the Home Healthcare Market is set to register a CAGR of 8.1 % and predicted to touch USD 4,14,681.2 million with Major Drivers, Mega Trends, Regional Overview during the forecast period 2023. Home Healthcare Market to Register Significant Growth Due to Growing Geriatric Population. Technological Advancements to Positively Impact Home Healthcare Market Growth
The global home healthcare market is growing pervasively, mainly due to the advantages that these home-care services can provide.
Various factors are propelling the home healthcare market growth. Some of these factors, according to the Market Research Future report, include government initiatives for promoting home healthcare, technological advancements, burgeoning demand for cost-effective healthcare delivery systems owing to rising healthcare cost, rising incidences of chronic diseases, and growing geriatric population.
Home healthcare 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.
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Leading Market Key Players
- Hoffmann-La Roche AG (Switzerland)
- Koninklijke Philips N.V. (the Netherlands)
- A&D Company (Japan)
- Abbott (US)
- Fresenius SE & Co KGaA (Germany)
- GE Healthcare (US)
- Braun Melsungen AG (Germany)
- McKesson Corporation (US)
- Becton Dickinson Company (US)
- Medtronic PLC (US)
- Omron Corporation (Japan)
- LG Electronics (South Korea)
- Apple (US)
- Kinnser Software (US)
- 3M (US)
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.
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.
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.
- Home Healthcare Equipment Manufacturers
- Home Health Software Vendors
- Home Healthcare Service Providers
- Medical Devices Companies
- Research and Development (R&D) Companies
- Nursing Services Providers
- Government Research Institutes
- Academic Institutes and Universities
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Table of Content
1 Executive Summary
2 Market Introduction
2.2 Scope Of The Study
2.3 List Of Assumptions
2.4 Market Structure
2.5 Key Takeaways
2.6 Key Buying Criteria
3 Research Methodology
3.1 Primary Research Methodology
3.2 Secondary Research Methodology
3.3 Market Share Analysis
3.4 Trade Analysis
3.5 Market Pricing Approach
4 Market Impact Analysis
4.1 Porter’s Five Force Analysis
4.1.1 Bargaining Power Of Buyer
4.1.2 Bargaining Power Of Supplier
4.1.3 Threat From Substitute
4.1.4 Threat From A New Entrant
4.1.5 Intensity Of Competitive Rivalry
4.2 Value Chain Analysis
4.2.1 Device Manufacturers
4.2.2 App Developers
4.2.3 Network Providers/ Mobile Operators
4.2.4 Healthcare Providers And Pharmaceuticals
4.3 Pricing Analysis
4.3.1 Cost-Effectiveness And Patients’ Convenience Will Drive The Home Healthcare Market
4.4 Investment Opportunity Analysis
4.4.1 Continuous Increase In Lifestyle Disease Has Led To The Development Of Personalized Healthcare Solutions
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