Home Healthcare Market Market Trends, Growth, Opportunities, Market Size Forecast to 2027
Home healthcare market is expected
to gain market growth in the forecast period of 2020 to 2027. Data Bridge
Market Research analyses that the market is growing with a CAGR of 8.6% in the
forecast period of 2020 to 2027 and expected to reach USD 520,594.06 million by
2027 from USD 273,118.18 million in 2019. Rising minimally invasive diagnostic
and therapeutic interventional procedures and increasing prevalence of chronic
diseases are the factors for the market growth. Home healthcare is useful in
getting diagnosis and treatment of the disease among patients at home. Home
healthcare provides wide range of health care services which are usually more
convenient, expensive, and provided at door steps. It includes skilled medical
professionals, including physical therapy, occupational therapy, skilled
nursing care, and speech therapy.
Increasing prevalence of diseases such as cardiovascular,
metabolic, Parkinson's diseases, infectious diseases (HIV/AIDS) and others have
lead the demand for the home healthcare. Hospitalization for long term is not
carried out in hospitals which have led the introduction of home healthcare.
Home healthcare provides better treatment facilities with skilled professionals
for patients suffering from diseases. For instance, according to CDC, around
6.7% of the U.S. population has Coronary Artery Disease in 2017. This has led
the demand for long term care for the patients at home.
Global Home Healthcare Market By
Type (Devices, Services, Software), Disease (Heart Diseases, Hypertension, Bone
and Joint Diseases, Diabetes, Chronic Obstructive Pulmonary Diseases, Obesity,
Dementia/Alzheimer's Diseases, Infective Diseases (HIV/AIDS), Parkinson’s
Diseases, Smoking, Asthma, Depression), Distribution Channel (Direct Tenders,
Retail Sales), Country (U.S., Canada, Mexico, Germany, France, U.K., Italy,
Spain, Russia, Turkey, Belgium, Netherlands, Switzerland, Norway, Ireland,
Austria, Lithuania, Poland, Hungary, Rest of Europe, Japan, China, South Korea,
India, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines,
Vietnam, Rest of Asia-Pacific, Brazil, Argentina, Peru, Rest of South America,
South Africa, UAE, Kuwait, Saudi Arabia, Rest of Middle East and Africa), Industry
Trends and Forecast to 2027. Home healthcare market competitive landscape
provides details by competitor. Details included are company overview, company
financials, revenue generated, market potential, investment in research and
development, new market initiatives, global presence, production sites and
facilities, company strengths and weaknesses, product launch, product trials
pipelines, , product approvals, patents, product width and breadth, application
dominance, technology lifeline curve. The above data points provided are only
related to the companies’ focus related to home healthcare market. This home
healthcare market report provides details of market share, new developments,
and product pipeline analysis, impact of domestic and localised market players,
analyses opportunities in terms of emerging revenue pockets, changes in market
regulations, product approvals, strategic decisions, product launches,
geographical expansions, and technological innovations in the market. To
understand the analysis and the market scenario contact us for an Analyst
Brief, our team will help you create a revenue impact solution to achieve your
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Global Home Healthcare Market Scope and Market Size:
Home healthcare market is categorized into three notable segments
which are based on the basis of type, disease and distribution channel.
On the basis of type, the market is segmented into devices,
software and services. In 2020, the devices segment is dominating as well as
growing in the market as devices help the patients to get better treatment at
home as well as in hospitals. Devices such as ventilators, wheelchairs, blood
glucose meters, apnea and other home monitoring devices are useful for
providing health benefits among patients. The devices play an important role in
home healthcare hence manufacturers are focusing in providing devices with
advanced technology in market. These devices are being utilized highly by
service providers in order to provide better health condition among patients
who are suffering from diseases such as cardiovascular disease, bone related
diseases among others.
On the basis of disease, the market is segmented into
chronic obstructive pulmonary disease, diabetes, hypertension, smoking, asthma,
depression, heart diseases, dementia / Alzheimer's diseases, obesity,
Parkinson's diseases, infectious diseases (HIV/AIDS), bone & joint diseases
and others. In 2020, heart diseases segment is dominating the market as the
patients do not get long term hospitalization suffering from heart disease. Hence,
home healthcare services providers provide beneficiary services among these
patients.
On the basis of distribution channel, the market is
segmented into retail sales and direct tenders. In 2020, the direct tenders
segment is dominating the market as demand for the devices are higher from
services providers in order to provide better homecare facility among patients
at their doorsteps. Due to this, major services providers have direct contact
with the manufacturers. Due to high demand for the products in big services
providing agencies, direct tender may grow in future as well.
Key Market
Competitors:
The major players covered in the report are Koninklijke
Philips N.V., Air Liquide, Amedisys, Apple Home Healthcare, Arcadia, Davita
Inc, Diaverum, Home Health Care, Inc, Home Healthcare Solutions Company, LLC,
Kindred Healthcare, LLC, LHC Group, Inc., National HealthCare Corporation and
PORTEA MEDICAL, OMRON Corporation, Air Liquide, B. Braun Melsungen AG, BPL
Medical Technologies, CARDINAL HEALTH and Sunrise Medical (US) LLC among other
players domestic and global. Home healthcare market share data is available for
Global, North America, Europe, Asia-Pacific, Middle East and Africa and South
America separately. DBMR analysts understand competitive strengths and provide
competitive analysis for each competitor separately.
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The key questions answered in this report:
What will be the Market Size and Growth Rate in the
forecast year?
What is the Key Factors driving Laser Global Home
Healthcare Market?
What are the Risks and Challenges in front of the market?
Who are the Key Vendors in Global Home Healthcare Market?
What are the Trending Factors influencing the market
shares?
What is the Key Outcomes of Porter’s five forces model
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