home healthcare market size was USD 179.56 Billion in 2020 and is expected to register a revenue CAGR of 8.4%, during the forecast period, according to latest analysis by Emergen Research. Home healthcare market revenue growth is primarily driven by factors such as rising incidence of chronic diseases such as diabetes, cardiovascular disease, and hypertension and increasing technological advancements made in home healthcare products. Moreover, rising demand for telehealthcare services and virtual consultancy services for advice from healthcare experts without visiting clinics physically are some other factors driving revenue growth of the market.
However, home healthcare market growth is expected to be hampered by lack of comprehensive government reimbursement policy for home healthcare services in underdeveloped and some developing countries. Besides, lack of awareness about advanced technologies to monitor health and shortage of skilled workforce are expected to hamper market growth.
It sheds light on the major companies that contribute significantly to the global sector. The report studies the presence of these companies in major geographical regions and their individual placement in the worldwide business. It helps in projecting the growth of Home Healthcare through the years and in predicting its expansion in the forecasted time span. The increase in the demand for the product is boosting the overall production to ensure a smooth functioning demand-supply chain.
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The research segments the market based on product type, applications and end-use. It profiles the key players of the business and their individual contribution to the global economy. The report focuses on significant investments, business ventures, mergers, acquisitions, collaborations along with the technological developments in the field. It also evaluates the upcoming and niche areas in the business. The researcher aims to offer expert insights related to the industry and the new opportunities available in the market.
The report further explores the key business players along with their in-depth profiling, product catalog, and strategic business decisions. The key players studied in the report are McKesson Medical-Surgical, Inc., Fresenius Medical Care AG and Co., Medline Industries, Inc., AccentCare Inc., Kindred Healthcare, LLC., Amedisys Inc., LHC Group Inc., The 3M Company, Arkray, Inc., and Baxter International Inc.
The report on the Home Healthcare market employs both primary and secondary research to examine its import and export, demand and supply, consumption power, spending capacity and distribution channel worldwide. The report evaluates the market standing of key manufacturers and sheds light on the strategies they have adopted to stay competitive. The study also applies qualitative and quantitative methods to assess the annual and financial performance of the top vendors and insights from market leaders
Check the detailed table of contents of the report @ https://www.emergenresearch.com/industry-report/home-healthcare-market
Emergen Research has segmented the global home healthcare market based on product, services, ailments, and region:
- Product Outlook (Revenue, USD Billion; 2018–2028)
- Diagnostic Devices
- Vital Sign Monitoring Devices
- Weight Monitoring Devices
- Glucose Monitoring Devices
- Health Maintenance Device
- Geriatric Assistance Devices
- Nutrition Management Devices
- Air Quality Devices
- Locomotive Assistance Devices
- Automated Wheelchair
- Walking Assist Devices
- Home Pregnancy & Fertility Kits
- Drug Delivery Devices
- Dialysis Products
- Respiratory Equipment
- Oxygen Therapy Equipment
- Diagnostic Devices
- Services Outlook (Revenue, USD Billion; 2018–2028)
- Rehabilitation Services
- Infusion Therapy Services
- Unskilled Care Services
- Respiratory Therapy Services
- Pregnancy Care Services
- Skilled Nursing Services
- Hospice & Palliative Care Services
- Ailments Outlook (Revenue, USD Billion; 2018–2028)
- Chronic Obstructive Pulmonary Disorder
- Cardiovascular Diseases
- Parkinson’s Disease
- Bone & Joint Diseases
Regional Bifurcation of the Home Healthcare Market Includes:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
The report aims to provide a complete analysis of the global Home Healthcare market with important details about the key market players from insightful primary and secondary research data. The report also aims to benefit the user by providing constructive data to gain insight into market growth, size, and investment approaches. Additionally, the report provides an extensive analysis of the Home Healthcare market, including key data, such as factors influencing the growth of the market, buyers and vendors, production and consumption, and revenue.
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Key Highlights in the Report
- The diagnostic devices segment revenue is expected to register a substantially rapid revenue CAGR during the forecast period due to increasing demand for home-based self-diagnostic kits.
- The hospice & palliative care services segment is expected to register a robust revenue growth rate over the forecast period due to rise in aging population and rising incidences of life-threatening diseases among aging population.
- The North America market is expected to account for largest revenue share over the forecast period. This is due to robust presence of major market players, such as Amedisys Inc., Kindred Healthcare, LLC., Medline Industries, Inc., and AccentCare, Inc., in countries in this region.
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