As per this study the Global Home Healthcare Market was valued at USD 436 BN (by revenue) in 2021 and is anticipated to reach USD 793.45 BN by 2028 with a CAGR of 8.93%.
Home healthcare refers to the healthcare service offered at the patient's home in case of injury or illness. It includes non-medical care and medical care given by skilled medical professionals or nurses such as custodial care, physical therapy, occupational therapy and speech therapy. Advantages of home health care are it is relatively inexpensive, more continent and effective than the hospital care.
Market Dynamics
Rising geriatric population and increasing count of the population suffering from immobility, chronic illness is driving the market growth. Rising treatment expense, substitute for hospital stays, in-person care experience, long term, relatively inexpensive are the prominent factors fueling the market demand. Rising awareness regarding health and increased expenditure towards healthcare is again boosting the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter's five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of home healthcare.
Market Segmentation
The broad home healthcare market has been sub-grouped into type, service and location. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Type
- Diagnostic And Monitoring
- Therapeutics
- Mobility Assistance
- Medical Supplies
By Service
- Rehabilitation
- Telehealth And Telemedicine
- Infusion Therapy
- Respiratory Therapy
- Others
By Location
- Home
- Retirement Community
- Nursing Home
- Others
Regional Analysis
Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for home healthcare in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Home Healthcare Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the home healthcare market include 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. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
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