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 Companies:
- Medline Industries, Inc.
- 3M Healthcare
- ConvaTec Group PLC
- McKesson Medical-Surgical Inc.
- Braun Melsungen AG
- Molnlycke Health Care
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.
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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
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With Global Insight Services, you receive:
- 10-year forecast to help you make strategic decisions
- In-depth segmentation which can be customized as per your requirements
- Free consultation with lead analyst of the report
- Excel data pack included with all report purchases
- Robust and transparent research methodology
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