Home Healthcare Market Analysis By Regions (North America,
Europe, Asia-Pacific, Latin America and Africa), Product, Size, Share, Trends,
Growth Factors, Revenue By Application And Segment Forecasts To 2027.
Global Home Healthcare Market is
anticipated to rise at a higher CAGR during the forecast period. Home
healthcare is a rapidly growing segment in the healthcare domain with a
definite rise in market size and over 5+ million patients receiving home
healthcare settings. Employment opportunities being relatively higher in this
field also contributes to the market development.
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The drivers for home healthcare
market comprise features of home care services in the modern era and
convenience for patients. Homecare services are less expensive and strongly
convenient to patients with a desired effect. The treatment is subjective to
nature of the disease that helps the patient to regain the health within a
short time. Home healthcare services are likely to gain significant attention
in the modern era due to availability of therapists, nurses and specialized doctors
that work for home health agencies and public health departments.
Product segmentation for home
healthcare industry includes diagnostic and therapeutic. Service segment for
home healthcare market comprises respiratory therapy, rehabilitation, infusion
therapy, skilled nursing, pregnancy care and palliative care. Software segment
for home healthcare industry include hospice solutions, clinical management
software and agency software.
Geographical segmentation for
home healthcare market includes North America, South America, Europe,
Asia-Pacific, Middle East and Africa. North American and European markets are
likely to gain a significant CAGR during the forecast period due to rise in
popularity and disposable income. The expensive nature of hospitals, rise in
geriatric population, and variation in reimbursement policies is likely to
propel the market growth during the forecast period.
Asia-Pacific's market is likely
to have a significant attention due to rise in population and growing demands
for medical safety. NGOs and government initiatives are contributing to
strengthening of homecare services in the APAC sector. Apart, telecommunication
services and online platforms are preferred outlets to gain access to the
market.
The key players in the home healthcare
industry include Sunrise Medical Inc, Almost Family Inc, B.Braun Melsungen AG,
Abbott Laboratories, 3M Healthcare, Medtronic, Roche Diagnostics Corp, Air
Liquide, Arcadia Healthcare, Bayer Ag, Amedisys Inc, Nxstage Medical Inc,
Arkray Inc, Apria Healthcare Group, Odyssey Healthcare Inc, Becton Dickinson
and Company, National Healthcare Corp, Critical Homecare, and Omron Healthcare
Inc.
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