Market
Analysis: Global Home Healthcare Market
The Global Home Healthcare Market is
expected to reach USD 423,848.95 million by 2025, from USD 241,483.37 million
in 2017 growing at a CAGR of 7.5% during the forecast period of 2018 to 2025.
The upcoming market report contains data for historic years 2016, the base year
of calculation is 2017 and the forecast period is 2018 to 2025.
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Major Market
Competitors/Players: Global Home Healthcare Market
Some of the prominent participants operating in this
market are Apple Home healthcare., Home Health Care, Inc, Home Healthcare
Solutions, OMRON Corporation., Kindred Healthcare, Inc., Portea Medical|,
Koninklijke Philips N.V.,, Air Liquide, Kinnser Software, Inc., LHC
Group, Inc. , National HealthCare Corporation., Sunrise Medical (US) LLC,
arcadia.io., B. Braun Melsungen AG, Amedisys, BPL Medical Technologies,
DaVita Inc., Diaverum, Cardinal Health, Medtronic and among others.
Competitive
Analysis: Global Home Healthcare Market
The global home healthcare market
is highly fragmented and the major players have used various strategies such as
new product launches, expansions, agreements, joint ventures, partnerships,
acquisitions, and others to increase their footprints in this market. The
report includes market shares of home healthcare market for global, Europe,
North America, Asia Pacific and South America.
Speak to Analyst –
Global Home Healthcare Market, By Component (Products,
Services, Software), Services (Unskilled Care Services, Rehabilitation Therapy
Services, Short-Term Nursing Services, Hospice, Palliative Care Services,
Infusion Therapy Services), By Software (Clinical Management Systems, Agency
Software, Hospice Solutions), By Geography (North America, South America,
Europe, Asia-Pacific, Middle East and Africa)- Industry Trends and Forecast to
2025
Market
Definition: Global Home Healthcare Market
Home care market provides medical benefits to patients
to avoid the hospital admission or patients who are unable to visit the
hospitals again. Home healthcare services include personal care like bathing,
washing hair, or getting dressed and homemaking which includes cleaning, yard
work and laundry. As per Centers for Disease Control and Prevention, around
12,400 health agencies were there in 2014 that were providing the home healthcare
services. In April 2018, LHC Group Inc., merged with the Almost Family, Inc.
(U.S.) which delivered the growth potential in businesses and accelerates the
growth with additional joint ventures and acquisitions. In January 2015, Air
Liquide acquired optimal medical therapies. Through this acquisition Air
Liquide, maintains its position in the German home healthcare market. In
December 2014, Air Liquide announced the acquisition of a portion of ARAIR
Group which added strength to home healthcare for patients suffering from
chronic illnesses in France.
Major Market Drivers and Restraints:
·
Increasing cases of chronic
diseases
·
Technological advancement
·
Increasing geriatric population
·
Insurance coverage
·
Emerging markets
·
Increasing demand of telehealth
·
Lack of skilled home care service
providers
Market
Segmentation: Global Home Healthcare Market
·
The home healthcare market is
segmented into component, services and software.
·
Based on component, the market is
segmented into products, services, software. The home healthcare segment is
further sub-segmented on the basis of product into testing, screening, &
monitoring products, therapeutic products and home healthcare mobility care
products. Home healthcare market is further sub segmented on the basis of into
testing, screening, & monitoring products into blood glucose monitors,
blood pressure monitors, cholesterol monitoring devices, pulse oximeters, home
hemoglobin a1c test kits, hearing aids, sleep apnea monitors, temperature
monitors, ECG/EKG devices, heart rate monitors, peak flow meters, ovulation and
pregnancy test kits, coagulation monitors, HIV test kits, pedometers, EEG
device and others.
·
Home healthcare market is further
sub segmented on the basis of therapeutic products into insulin delivery
devices, dialysis equipment; wound care products, inhalers, nebulizers, sleep
apnea therapeutic devices, ventilators, oxygen delivery systems and other. Home
healthcare mobility products is further sub segmented into canes, crutches,
walkers & rollators, wheelchairs, mobility scooters.
·
Based on services, the market is
sub-segmented into unskilled care services, rehabilitation therapy services,
short-term nursing services, hospice and palliative care services, infusion
therapy services, respiratory therapy services, home health aide services,
pregnancy care services and others. Home healthcare services are further sub
segmented on the basis of rehabilitation therapy services into physical therapy
and occupational therapy and speech language pathology.
·
Based on software, the market is
sub-segmented into clinical management systems, agency software and hospice
solutions.
·
Based on geography, the market
report covers data points for 28 countries across multiple geographies namely
North America & South America, Europe, Asia-Pacific and, Middle East &
Africa. Some of the major countries covered in this report are U.S., Canada,
Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India,
South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa and,
Brazil among others.
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Key Developments in the Market:
·
In August, Philips and Qualcomm
entered into strategic collaboration. Through this agreement, the company
offers healthy living and prevention to chronic care management and home care.
·
In April, Air Liquide’s completed
acquisition of EOVE. This acquisition helps Air Liquide to reinforce its
expertise in home ventilation for chronic respiratory failure thanks to
cutting-edge technological for home care. Apart from that this acquisition EOVE
to accelerate its international development.
Research
Methodology: Global Home Healthcare Market
Data collection and base year analysis is done using
data collection modules with large sample sizes. The market data is analyzed
and forecasted using market statistical and coherent models. Also market share
analysis and key trend analysis are the major success factors in the market
report. To know more please Request an
Analyst Call or can drop down your
inquiry.
Primary Respondents:
Demand Side: Doctors, Surgeons, Medical Consultants,
Nurses, Hospital Buyers, Group Purchasing Organizations, Associations,
Insurers, Medical Payers, Healthcare Authorities, Technological Writers,
Scientists, among others.
Supply Side: Product Managers, Marketing Managers,
C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs
Managers among others
Reasons to Purchase this Report
·
Current and future of global home
healthcare market outlook in the developed and emerging markets
·
The segment that is expected to
dominate the market as well as the segment which holds highest CAGR in the
forecast period.
·
Regions/countries that are
expected to witness the fastest growth rates during the forecast period
·
The latest developments, market
shares, and strategies that are employed by the major market players
Customization of the Report
·
The report includes the complete
segmentation displayed above across all above mentioned countries
·
All products covered in the
market, product volume and average selling prices will be included as
customizable options which may incur no or minimal additional cost (depends on
customization)
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