Home Healthcare Market to Reach USD 469.3 Billion, CAGR 8.80%, Industry Trends, Value, Segmentation, Growth and Forecasts 2021-2027
Global Home Healthcare Market Size study, by Product (testing, screening, & monitoring products, therapeutic product and home healthcare mobility care products) Services (skilled nursing services, rehabilitation therapy services, hospice and palliative care services, unskilled Care Services, respiratory therapy services, infusion therapy services and pregnancy care services) Software (agency software, clinical management systems and hospice solutions), Type of telehealth solution (home telehealth software, home telehealth services and home telehealth monitoring devices)and Regional Forecasts 2021-2027
London, UK -- (SBWire) -- 01/25/2022 --Global Home Healthcare Market to reach USD 469.3 billion by 2025.
Global home healthcare market is valued at USD 239 billion in 2017 and is anticipated to grow with a healthy growth rate of more than 8.80 % over the forecast period 2021-2027. Major trend for the global home healthcare market is increasing prevalence of chronic diseases. Since, homecare for health offers personal care of chronic infectious and is very common and comfortable for the aging population. As a result, the adoption of home care would increase thereby, aiding the growth of the market across the forecast period.
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Increasing geriatric population is considered as a key driver for the global home healthcare market across the globe. Since elderly people prefer home healthcare as they are unable to travel to hospitals and clinics hence all the needed medication facilities are preferred at their homes. According to the Population Reference Bureau, in year 2016 the number of American aged 65 or more is approx. 46 million which is projected to become more than double and will reach approx. 98 million by the year 2060, share in the total population of the people aged 65 and older age group will rise approx. from 15% to 24 %. Similarly, the Office for National Statistics (United Kingdom) estimates, in 2016 the population of United Kingdom is 65.6 million and is projected to reach 74 million by 2039. In 2016, 18% of UK population were aged 65 and over and 2.4 % of population were aged 85 and over. As geriatric population is more prone to the aforementioned complex diseases hence, they require continuous critical care diagnosis and treatment, and thus are expected to contribute towards the market growth. However, changing reimbursement policies is expected to hinder the growth of the market during the forecast period.
Key Players Covered in Home Healthcare market report are:
GE Healthcare
Omron
Mckesson
Roche
A&D Company
Bayada Home Health Care
Philips
Abbott Laboratories
Amedisys
Kindred Healthcare
Market Segmentation
The gives an actual market evaluation to help you with obtaining an advanced picture of the market. Likewise, the examination incorporates an issue-by way of element assessment of regions and sub-portions to comprehend market elements to a miniature diploma. In the Home Healthcare evaluation, the market is taken care of through way of kind, software program, and geology. The file portrays the contemporary-day market situation nicely, consisting of verifiable and predicted market sizes as far as well worth/amount, specialized headway, macroeconomic contemplations, and market management issues over the forecast duration 2021-2027. The top to backside evaluation of large market fragments and their sub-quantities will allow us to recognize the market at a miniature diploma and big scale level.
Home Healthcare Market Segmentation:
By Product
Testing, Screening, & Monitoring Products
Therapeutic Products
Home Healthcare Mobility Care Products
By Service:
Skilled Nursing Services
Rehabilitation Therapy Services
Hospice and Palliative Care Services
Unskilled Care Services
Respiratory Therapy Services
Infusion Therapy Services
Pregnancy Care services
By Software:
Agency Software
Clinical Management systems
Hospice solutions
By Type of telehealth solution:
Home telehealth software
Home Telehealth services
Home telehealth monitoring devices
Regional Analysis Covered in this report:
North America [United States, Canada]
Europe [Germany, France, U.K., Italy, Russia]
Asia-Pacific [China, Japan, South Korea, India, Australia, China Taiwan, Indonesia, Thailand, Malaysia]
Latin America [Mexico, Brazil, Argentina]
Middle East & Africa [Turkey, Saudi Arabia, UAE]
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Competitive Outlook
The Home Healthcare report evaluation, which furthermore involves new item dispatches, tendencies, preparations, joint endeavours, agencies, and acquisitions, may assist corporations with locating out nearly all about the strategies of key warring parties inside the market. The huge scope of advertising studies projects centres around converting factors and development advancing techniques.
The entirety of the data and information inside the dependable assessment is researched and assessed through the use of proven apparatuses and philosophies, for instance, SWOT and Porter's Five Powers evaluation. This Home Healthcare research report includes a commercial enterprise agency profile, item details, creation esteem maker, and market proportion information over the forecast period 2021-2027.
Key Highlights of the Home Healthcare Market Report
Worldwide market sales for putting in and growing markets, each gift, and future condition.
The present-day market upgrades, market gives, and top market game enthusiasts' methodologies.
The vicinity with the most noteworthy CAGR inside the path of the projection time frame is relied upon to rule the market.
The regions/nations which can be relied upon to increment on the fastest costs over the projected period.
Table of Content - Major Key Points
Executive Summary, Market Snapshot, Key Trends, Estimation Methodology, Research Assumption
Global Market Definition and Scope, Currency Conversion Rates
Global Competitor Landscape by Players
Global Market Dynamics, Drivers, Challenges, Opportunities
Global Market Industry Analysis, Porter's 5 Force Model, PEST Analysis, Investment Adoption Model
Global Market Analysis, by Type, by Application, by region
Competitive Intelligence, Top Market Strategies, Company Profiles
Research Process, Attributes & Assumption
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