Global Home Healthcare Market Worth to reach USD 431.628588 BN by 2026
Posted On February 24, 2020
The Global Home Healthcare Market value will grow to USD 431.628588 BN in 2026 from the market value of USD 272.34 BN in 2019 at a CAGR of 6.80% during the study period of 2020-2026, as stated in the published report by Value Market Research. Cost efficiency is the element projected to have a significant impact on the growth of the market. Home healthcare is greatly pocket-friendly than the medication offered in hospitals. The raised demand among customers to keep control on expenditure and the unreliability of the economy create the price of home healthcare largely alluring than treatments provided in hospitals. Besides, growing outbreaks of diseases, like Alzheimer’s, dementia, and orthopaedic diseases, is anticipated to propel the market growth. Consequently, the thriving geriatric people basis, which is vastly affected by chronic ailments, such as diabetes, heart problems, etc. and prefers in-home treatment, is predicted to drive the market growth.
Home healthcare is the assistance and treatment given to the sufferers and patients at their home/house during any illness. The home healthcare is much more cost-effective and helpful as related to the therapies and medications one gets at the hospitals or clinics. Home healthcare is a kind of supportive treatment like custodial care or non-medical care given at home by registered nurses, occupation therapists, and physical therapists. These facilities are primarily opted by the geriatric population to avoid unnecessary visits to hospitals and to get comparatively cheaper treatments at home itself.
The study “Global Home Healthcare Market Report By Type (Diagnostic And Monitoring, Therapeutics, Mobility Assistance And Medical Supplies), Service (Rehabilitation, Telehealth And Telemedicine, Infusion Therapy, Respiratory Therapy And Others), By Location (Home, Retirement Community, Nursing Home And Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2019-2026" covers key market statistics with regional segmentation. The data collected by primary and secondary sources, is analysed by industry experts along with the considerations to the economic and political factors. The report analyses the trends of the past years along with deeply studying the geo-political trends, thus authenticating the findings of the research and making it more reliable.
By type the market of Home Healthcare is divided into diagnostic and monitoring, therapeutics, mobility assistance and medical supplies. Diagnostic and monitoring holds the highest market share.
On the basis of service Home Healthcare Market is segmented into rehabilitation, tele-health and telemedicine, infusion therapy, respiratory therapy, and others. Rehabilitation is accounted to be the leading market. By location home, retirement community, nursing home, others are the segmentations considered in the report. Home leads among this segmentation.
The research study is broadly segmented as North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa regions. The revenue and/ volume data distribution is covered in detail in the report. North America is the leading segment owing to the high geriatric population.
The Report Segments Global Home Healthcare Market -
- Diagnostic And Monitoring
- Mobility Assistance
- Medical Supplies
- Telehealth And Telemedicine
- Infusion Therapy
- Respiratory Therapy
- Retirement Community
- Nursing Home
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Players Profiled In the Report:
3M Health Care, Abbott Laboratories, Air Liquide, Almost Family Inc., Amedisys, Inc., Arcadia Health Care, Arkray Inc., Baxter, Bayer AG, Braun Melsungen AG, Cardinal Health Inc., Medtronic, Nxstage Medical, Inc., Roche diagnostics corp. and Sunrise Medical Inc.
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