What is the market for home healthcare?
"Home Healthcare Market Size, Growth by Product (Dialysis Equipment, IV Equipment, Ventilators, Coagulation Monitors, Peak Flow Meters), Service (Infusion Therapy, Skilled Nursing, Hospice), Indication (Cancer, Wound Care, Diabetes), and Region - Global Forecast to 2027 ".
How big is the home healthcare industry?
According to MarketsandMarkets, The global home healthcare market is projected to reach USD 340.2 billion by 2027 from USD 226.0 billion in 2022, at a CAGR of 8.5%.
Is home healthcare becoming more popular?
The increasing demand for home care due to the rising healthcare costs, growing older population coupled advancements in home healthcare technologies are the major factors driving the growth of this market.
Download a PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=696
What are the recent trends affecting the home healthcare market?
Recent trends affecting the home healthcare market are the growth in elderly population coupled with growing incidence of chronic diseases and rising need for cost-effective treatments.
What are the major products of home healthcare used?
The home healthcare market is segmented into testing, screening, and monitoring products; therapeutic products; and mobility care products. The therapeutic products accounted for the largest share of the home healthcare market in 2021, mainly due to the rising need for home healthcare therapeutic products.
Who are the key players in the home healthcare market?
The key players in this market are Fresenius SE & Co. KGaA (Germany), Linde, Plc (Ireland), F.Hoffmann-La Roche, Ltd. (Switzerland), A&D Company, Limited (Japan), Invacare Corporation (US), Abbott (US), Amedisys (US), ResMed, Inc. (US), LHC Group, Inc. (US), Omron Corporation (Japan), Koninkluke Philips N.V. (Netherlands), and GE Healthcare (US)
What are the major indications home healthcare is used for?
Based on indications, the home healthcare market has been segmented into cancer, respiratory diseases, movement disorders, cardiovascular diseases & hypertension, pregnancy, wound care, diabetes, hearing disorders, and other indications. In 2021, other indications segment accounted for the largest share of the home healthcare market. The rising incidence of kidney and sleep disorders is driving the growth of this segment.
Request a Sample Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=696
Which region is lucrative for the home healthcare industry?
Like China, Japan, and India, the emerging economies in the Asia Pacific region will be lucrative markets for home healthcare.
Home Healthcare Market Dynamics:
Home Healthcare Drivers:
- Rapid growth in elderly population and rising incidence of chronic diseases
- Rising R&D investments
- Growing need for cost-effective healthcare delivery due to rising costs
- Increased preference for personalized care
Restraints:
- Changing reimbursement policies
- Limited insurance coverage
- Patient safety concerns
Home Healthcare Industry Opportunities:
- Rising focus on telehealth
- Untapped developing regions
- Growing demand for home-use therapeutic devices
- Growing demand for home sleep apnea tests
- Rising preference for home hemodialysis treatment
Home Healthcare Challenges:
- Shortage of home care workers
- Lack of supporting infrastructure
Home Healthcare Market Country Information:
Home healthcare market size and growth rate estimates for countries in the Rest of Europe, the Rest of Asia Pacific, and Rest of the World.
Report Objectives:
- To define, describe, segment, and forecast the global home healthcare market by product, service, indication, and region
- To provide detailed information regarding the major factors influencing the market growth (such as drivers, restraints, opportunities, and challenges)
- To analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall home healthcare market
- To analyze market opportunities for stakeholders and provide details of the competitive landscape for key players
- To forecast the size of the market segments with respect to five regions, namely, North America, Europe, the Asia Pacific, and Rest of the World.
- To profile the key players and comprehensively analyze their product portfolios, market positions, and core competencies
- To track and analyze company developments such as product launches, agreements, partnerships, and acquisitions in the home healthcare market
- To benchmark players within the market using the proprietary "Competitive Leadership Mapping" framework, which analyzes market players on various parameters within the broad categories of business and product strategy
Home Healthcare Recent Developments:
- In August 2022, Fresenius Medical Care North America (FMCNA) acquired InterWell Health Brand (US) to expertise in kidney care value-based contracting and performance.
- In August 2022, Contessa (US) partnered with Mount Sinai Health System (US) offers a full continuum of home-based care that includes home health, hospitalization at home, rehabilitation at home (in lieu of care at a skilled nursing facility) and palliative care at home.
- In July 2022, Invacre Corporation (US) introduced Next Generation e-fix eco Power Assist Device to Transform the Manual Wheelchair.
Content Source:
https://www.marketsandmarkets.com/PressReleases/home-healthcare.asp
https://www.marketsandmarkets.com/ResearchInsight/home-healthcare-equipment-market.asp
https://www.marketsandmarkets.com/Market-Reports/home-healthcare-equipment-market-696.html
