Global Home Healthcare Market

 Global Home Healthcare Market size was valued US$ 179 Mn in 2019 and the total revenue is expected to grow at XX % through 2020 to 2027, reaching US$ XX Mn.

Global Home Healthcare Market


Global Home Healthcare Market

Global Home Healthcare Market Overview:

The global home healthcare market size was valued at USD 179 Bn in 2019 and is anticipated to grow at a CAGR of XX% from 2020 to 2027. Population aging around the world & improved patient inclination for value-based healthcare are estimated to fuel the market development. According to MMR study, there were 703 Mn persons aged 65 years or over in the world in the year 2019. The number of older individuals is estimated to double to 1.5 Bn by 2050. The aging populace demands more patient-centric healthcare services, which in return raises the demand for healthcare workers & agencies & is expected to drive market development.

As per the Bureau of Labor Statistics, a rising workforce pertaining to healthcare service interprets to the growing demand for home health & personal healthcare aides & is anticipated to outpace the healthcare sector’s development, with more than 4 Mn jobs only in the home healthcare sector. Value-based healthcare is the main influence to the market. In most of the established & emerging nations, the central government is offering either partial or complete coverage for the in-home services. In the U.S., Medicare compensations are highly promising in delivering value-based healthcare for better patient outcomes at a small cost. Thus, in-home care has become a modality of excellent treatment. In the U.S., Medicare is the main only payer of home healthcare services. Medicare spending accounts for more than 40 percent of home health expenses. Medicaid expenditures are divided into three key categories the traditional home health advantage (mandatory), the personal healthcare choice, & home & community-based waivers as an elective program. Together, these three home healthcare service classes hold a small share of overall Medicaid expenditures.

In Europe, the central government offers some compensation aids for this service. People are free to select the providers & even the type of healthcare. But the central government does not totally cover the services being delivered to the patients attributed to the division of home care into two portions i.e. healthcare & social care. Each portion of service is covered by different financial sources & hence different instructions govern eligibility, provision, & administration. The therapeutic devices led the equipment segment in the year 2019. The growing number of patients suffering from chronic lung diseases or with urinary incontinence request advanced devices for treatment. In adding, instant service charges for in-home healthcare while compared to hospital is another important factor enhancing the therapeutic equipment market. According to the MMR study, around 750,000 patients per year in the U.S., & 2 Mn patients totally are affected by end-stage renal disease.

The diagnostics equipment segment is expected to witness profitable development during the forecast period attributed to the growing prevalence of diabetes & cardiovascular diseases which wants continuous monitoring. In addition, growing patient awareness levels towards broadcast process & technical advancements, the addition of microfluidics, sensors, Internet-of-Things (IoT), smartphones & wearables bring point-of-care testing to the patients & signify a durable opportunity for providing sensitive, low-price, rapid, & connected diagnostics.

Competitive Landscape:

Global Home Healthcare Market1

The objective of the report is to present a comprehensive analysis of the Global Home Healthcare Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Home Healthcare Market dynamics, structure by analyzing the market segments and project the Global Home Healthcare Market size. Clear representation of competitive analysis of key players by Type, price, financial position, Raw material portfolio, growth strategies, and regional presence in the Global Home Healthcare Market make the report investor’s guide.


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Global Home Healthcare Market, By Products

• Patient Diagnosis/Treatment Devices
• Assistive Technology Based Devices
• Enteral Feeding Device
• Others
Global Home Healthcare Market, By Services

• Home Rehabilitation Services
• Home Respiratory Therapy Services
• Home Infusion Therapy Services
• Telehealth Services
• Unskilled Home Healthcare Services
• Others
Global Home Healthcare Market, By Component

• Diagnostic
• Therapeutic
• Mobility Assist
Global Home Healthcare Market, by Region

• North America
• Europe
• Asia-Pacific
• MEA & Africa
• Latin America
Global Home Healthcare Market Key Players

• Medtronic
• Kindred Healthcare, Inc.
• Koninklijke Philips N.V.
• Invacare Corporation
• Abbott
• Bayer AG
• Fresenius SE & Co
• KGAA
• Braun Melsungen AG
• Sunrise Medical Inc.
• 3M Health Care
• Baxter
• Cardinal Health Inc.
• Roche Diagnostics Corp.
• Air Liquide
• Arcadia Health Care
• Amedisys Inc.
• Nxstage Medical Inc.
• Arkray Inc.
• Apria Healthcare Group
• Odyssey Healthcare Inc.
• Becton
• Dickinson and Company
• Critical Homecare
• National Healthcare Corp.
• Omron Healthcare Inc.


This Report Is Submitted By : Maximize Market Research Company

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