Global Home Healthcare Market report from Global Insight Services is the single authoritative source of intelligence on Home Healthcare Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Rapid growth in the elderly population and the rising incidence of chronic diseases, as well as the growing need for cost-effective healthcare delivery due to rising medical costs and technological advancements in home care devices, have all contributed to the development of Home Healthcare.
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COVID-19 Impact Analysis:
On the home healthcare market, the COVID-19 pandemic has had a mixed impact. Since the home healthcare market is made up of both items and services, each has its own set of effects. COVID-19 has improved the market for a variety of home healthcare monitoring devices, including blood glucose monitors, blood pressure monitors, pulse oximeters, and temperature monitors.
Many home health businesses and providers have experienced a drop in business. Patient fear of contracting COVID-19, the decline in the amount of non-emergency elective surgeries and family presence at home have contributed to this decline, However, this downturn in the home healthcare industry is expected to end as the world recovers from the pandemic.
Key Trends and Drivers:
- Since the aging population is more prone to chronic diseases, it will increase the demand for healthcare and place a considerable burden on governments and health systems.
- Due to an increase in the prevalence of chronic disorders such as infectious diseases, diabetes, arthritis, cardiopulmonary, and cardiovascular conditions, which require continuous monitoring for efficient treatment, the diagnostic segment is expected to generate the most significant revenue over the forecast period.
- Healthcare expenses are rising all around the world as a result of technological breakthroughs, the complexity of operations, changing government regulations, high insurance rates, and limited coverages. Home healthcare treatment is a cost effective way to treat number of conditions and will keep driving growth in this market.
Segmentation:
By Service:
- Skilled Nursing Services
- Rehabilitation Therapy Services
- Hospice and Palliative Care Services
- Unskilled Care Services
- Respiratory Therapy Services
- Infusion Therapy Services
- Pregnancy Care Services
By Indication:
- Cardiovascular Disorders & Hypertension
- Diabetes
- Respiratory Diseases
- Pregnancy
- Mobility Disorders
- Hearing Disorders
- Cancer
- Wound Care
By Product:
- Respiratory Therapy Equipment
- Insulin Delivery Devices
- Home IV Pumps
- Home Dialysis Equipment
- Diagnostic
- Diabetic Care Unit
- BP Monitors
- Multi Para Diagnostic Monitors
- Home Pregnancy & Fertility Kits
- Apnea & Sleep Monitors
- Holter Monitors
- Heart Rate Monitors
- Mobility
- Wheelchair
- Home Medical Furniture
- Walking Assist Devices
Key Companies:
- Medline Industries, Inc.
- 3M Healthcare
- ConvaTec Group PLC
- McKesson Medical-Surgical Inc.
- Braun Melsungen AG
- Molnlycke Health Care
- Hollister Inc.
- Fresenius
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