Home Healthcare Market Scope
Market Research Future (MRFR) studied the global home healthcare market 2021 for the analysis period till 2023. According to MRFR findings, the home healthcare market is expected to rise at 8.1% CAGR over the analysis period. By 2027, the global home healthcare market is set to touch revenue of around USD 4,14,681.2 Mn.
Drivers and Restrains Impacting Home Healthcare Market
The rise of the global home healthcare market is can be attributed to factors, such as; adoption of advanced technology in healthcare and diagnosis equipment and introduction of initiatives by governments to encourage home healthcare solutions. On the contrary, the home healthcare market is anticipated to face challenges and restraints owing to rising about patient safety and high healthcare costs. However, the expansion of the geriatric population in can support the market rise in years to come.
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Segment Analysis of Home Healthcare Market
The home healthcare market segment study is based on product, software, and service.
By products, the segments of the home healthcare market study are screening, therapeutic and testing, and monitoring products. The segment of therapeutic and testing is sub-segmented into respiratory therapy equipment, dialysis equipment, insulin delivery devices, IV equipment, and wound care products among others. The segment of monitoring products is sub-segmented into event monitors, holter, sleep apnea monitors, pulse oximeters & heart rate monitors, blood pressure monitors, blood glucose monitors, and cholesterol monitoring devices among others.
By software, the home healthcare market study is segmented into hospice solutions, agency software, telehealth solution, and clinical management systems. The telehealth solution segment can rise at high growth pace over the years to come.
By services, the global home healthcare market is segmented into unskilled care services, skilled nursing services, rehabilitation therapy services, respiratory therapy services, infusion pregnancy care services, and therapy services. The expansion of the respiratory therapy services to support market.
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Regional Assessment of Home Healthcare Market
The growing concerns regarding authenticity and safety of treatment are encouraging innovations that can influence the home healthcare market expansion in different regions across the globe. The market research report reveals that companies in the global home healthcare market can be supported by new revenue sources that are utilized by key market players and the surging investment over the forecast term. The regional analysis of the market is spread across Europe, North America, and Asia-Pacific among other. As per market study, the home healthcare market is set to experience a tremendous growth across software, product, service, and region segments. The home healthcare market in North America region covers the United States, and Mexico and Canada. Businesses present in this regional market are profiled for their strategies and are presented in detail in this market report. The home healthcare market in the European region covers Germany, Italy, France, and the United Kingdom. Further, the market research report offers details on the APAC region that spans across China, Japan, India, Australia, and others. The market active across other parts of the world, such as; Middle East, Brazil, and Africa, others in the home healthcare market are also studied.
Competitive Landscape of Home Healthcare Market
Some reputed companies that are functioning in the home healthcare market include Abbott (U.S.), Koninklijke Philips N.V. (The Netherlands), Fresenius SE & Co KGaA (Germany), F. Hoffmann-La Roche AG (Switzerland), GE Healthcare (U.S.), A&D Company (Japan), B. Braun Melsungen AG (Germany), McKesson Corporation (U.S.), Omron Corporation (Japan), Becton Dickinson Company (U.S.), LG Electronics (South Korea), Medtronic PLC (U.S.), Apple (U.S.), Kinnser Software (U.S.), and 3M (U.S.) and others. Eminent players are engaged in launching new products and entering partnerships in the global market and to expand their consumer base.
The report offers vivid profiles on market players and study their current scenario in the market. History of companies coupled with their annual turnover, segmental share, profit margins, growth strategies, SWOT analysis, mergers and acquisitions (M&A) activities, new product launches, and R&D initiatives are discussed on a granular level.
The market report provides comprehensive analysis of the worldwide home healthcare market in segments that include service, product, region, and software. Analysts have also assessed the market’s rise across several regional markets across different market’s segments on a country level. The research report of the home healthcare market highlights key segments that offers forecasts on the basis of primary and secondary data. The report on the global market of home healthcare presents key company profiles on organizations that are active across the several regions.
Table of Content
1 Executive Summary
2 Market Introduction
2.1 Definition 18
2.2 Scope Of The Study 18
2.3 List Of Assumptions 19
2.4 Market Structure 19
2.5 Key Takeaways 20
2.6 Key Buying Criteria 20
3 Research Methodology
3.1 Primary Research Methodology 22
3.2 Secondary Research Methodology 23
3.3 Market Share Analysis 23
3.4 Trade Analysis 23
3.5 Market Pricing Approach 24
4 Market Impact Analysis
4.1 Porter’s Five Force Analysis 26
4.1.1 Bargaining Power Of Buyer 27
4.1.2 Bargaining Power Of Supplier 27
4.1.3 Threat From Substitute 27
4.1.4 Threat From A New Entrant 27
4.1.5 Intensity Of Competitive Rivalry 28
4.2 Value Chain Analysis 28
4.2.1 Device Manufacturers 28
4.2.2 App Developers 28
4.2.3 Network Providers/ Mobile Operators 29
4.2.4 Healthcare Providers And Pharmaceuticals 29
4.2.5 Patients 29
4.3 Pricing Analysis 29
4.3.1 Cost-Effectiveness And Patients’ Convenience Will Drive The Home Healthcare Market 29
4.4 Investment Opportunity Analysis 30
4.4.1 Continuous Increase In Lifestyle Disease Has Led To The Development Of Personalized Healthcare Solutions 30
5 Market Dynamics
5.1 Introduction 32
5.2 Drivers 33
5.2.1 Growing Geriatric Population 33
5.2.2 Rising Treatment Cost And Hospital Stay 34
5.2.3 Technological Advancements 35
5.3 Restraints 36
5.3.1 Patients Safety Concerns 36
5.4 Opportunities 37
5.4.1 Rising Prevalence Of Chronic Disorders 37
5.4.2 Improvement In Reimbursement Scenario 38
5.5 Mega Trends 39
5.5.1 Telemedicine 39
5.6 Macroeconomic Indicators 39
5.7 Technology Trends & Assessment 39
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