Market Scope

The Global Home Healthcare Market will grow at a CAGR of 11.6% during the forecast period 2020 to 2027. The market for home healthcare is set to reach USD 273.9 Billion by 2027. As per market analysts, the global market is anticipated to witness growth owing to the factors such as technological advances in healthcare and diagnosis equipment as well as government initiatives encouraging home healthcare. However, the market will face challenges and restraints due to concerns regarding patient safety and increasing healthcare costs during the forecast period 2020 to 2027.

Regional Analysis  

By region, the home healthcare market report covers the latest trends and growth opportunities across North America, Europe, the Asia Pacific (APAC), and the Middle East and Africa (MEA). Of these, North America will have the lion’s share in the market during the forecast period. Numerous factors are propelling the growth of the home healthcare market in the region, such as the presence of many leading players, growing awareness about the benefits of home healthcare services, increasing healthcare expenditures, and rising geriatric population. 

The global home healthcare market in Europe will have the second-largest share in the market over the forecast period. Numerous factors are propelling the growth of the home healthcare market in the region, such as the presence of some leading players and a well-established healthcare sector, increasing healthcare expenditures, the resurging economy, advanced technologies, and funding support for research and development activities. 

The global home healthcare market in the Asia Pacific region will grow at the fastest pace during the forecast period. Numerous factors are propelling the growth of the home healthcare market in the region, such as increasing awareness about the benefits of home healthcare services, increasing geriatric populace, and the rapid growth of the healthcare sector in China as well as India. 

Competitive Landscape of Home Healthcare Market

Some reputed companies that are functioning in the home healthcare market include Abbott (U.S.), Koninklijke Philips N.V. (The Netherlands), Fresenius SE Co KGaA (Germany), F. Hoffmann-La Roche AG (Switzerland), GE Healthcare (U.S.), AD Company (Japan), B. Braun Melsungen AG (Germany), McKesson Corporation (U.S.), Omron Corporation (Japan), Becton Dickinson Company (U.S.), LG Electronics (South Korea), Medtronic PLC (U.S.), Apple (U.S.), Kinnser Software (U.S.), and 3M (U.S.) and others. Eminent players are engaged in launching new products and entering partnerships in the global market and to expand their consumer base.

Segment Analysis of Home Healthcare Market

The home healthcare market segment study is based on product, software, and service.

By products, the segments of the home healthcare market study are screening, therapeutic and testing, and monitoring products. The segment of therapeutic and testing is sub-segmented into respiratory therapy equipment, dialysis equipment, insulin delivery devices, IV equipment, and wound care products among others. The segment of monitoring products is sub-segmented into event monitors, holter, sleep apnea monitors, pulse oximeters heart rate monitors, blood pressure monitors, blood glucose monitors, and cholesterol monitoring devices among others.

By software, the home healthcare market study is segmented into hospice solutions, agency software, telehealth solution, and clinical management systems. The telehealth solution segment can rise at high growth pace over the years to come.

By services, the global home healthcare market is segmented into unskilled care services, skilled nursing services, rehabilitation therapy services, respiratory therapy services, infusion pregnancy care services, and therapy services. The expansion of the respiratory therapy services to support market.

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