New York, According to a new market research report published by Global Insight Services “Home Healthcare Market” is expected to reach US$ XX bn by 2031. 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.
The patient-centered approach of the home healthcare market, as well as additional benefits such as improved patient outcomes, long-term care, cost efficiency, the elimination of unnecessary hospitalization, and the rising tendency to use home health care, are expected to drive market expansion.
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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
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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Reasons to buy Home Healthcare Market Report:
• Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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