The Infinium Global Research analyzes the Home Healthcare Market over the period of 2017 to 2023. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size and future trends in global home healthcare market. It will help a lot of decision-makers to develop strategies and find new opportunities in the global markets of home healthcare. The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the home healthcare market during the period. The global home healthcare market is projected to grow at a CAGR of 9.5% over the forecast period of 2017-2023.
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Home healthcare is a wide range of medical solutions, products and services, which provide health monitoring, treatment and regular support to patients at home. Home healthcare is generally less expensive, more convenient and as effective as care you receive in a hospital or nursing home. Primary factors driving this market include rise in base of geriatric population, an increasing number of patients with chronic diseases, growing awareness about home health among the population, growing demand for affordable healthcare treatments, the pressure to reduce the healthcare treatments costs, technological innovations, and government support to promote home healthcare.
In addition, increasing acceptance of home healthcare as a cost-effective alternative solution to traditional treatments and growing number of workforce-related to these services increasing the demand for home healthcare services. Moreover, the construction and maintenance of hospitals are capital intensive in nature and incur large investments in terms of capital and operational expenses. Therefore, healthcare providers strategically with the help of mergers and acquisitions are now entering the rapidly growing home healthcare market in an effort to exploit on the available prospects in this market.
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Home Healthcare Market: Segmentation
The report on the global home healthcare market covers segments such as, type, application and software. On the basis of type the global home healthcare market is categorized into home health monitoring products, home health services and home health solutions. On the basis of application, the global home healthcare market is categorized into therapeutic, diagnostic, fitness and nutrition monitoring, and others. On the basis of software, the global home healthcare market is categorized into agency software, clinical management systems and hospice solutions.
U.S. Drives the Growth in the North America Region as it is the Largest Market
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and the Rest of the World. In this section, the key trends and market size for each geography is provided over the period of 2015-2023.
The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region. The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-pacific region offers a substantial potential for the market growth owing to rapid growth in markets such as India and China.
Home Healthcare Market: Competitive Landscape
The report provides profiles of the companies in the global home healthcare market such as, Philips Healthcare, Almost Family Inc., Abbott Laboratories, B. Braun Melsungen AG, Johnson & Johnson, Becton, Dickinson and Company, Cardinal Health Inc., Fresenius SE & Co. KGaA, Omron Healthcare and McKesson Corporation.
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