Home Healthcare Market: Global Market Size, Dynamics, Regional Share, Trends, Competitor Analysis 2015-2020 and Forecast 2021-2027

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Home Healthcare Market by Product Type (Diagnostic (Drug and Alcohol Test Kits, Event and Holter Monitors, Cholesterol Monitoring Devices, Colon Cancer Test Kits, Electrocardiography Devices, Temperature Monitors, Hearing Aids, Blood Pressure Monitors, Blood Glucose Monitors, Heart Rate Monitors, Fetal Monitoring Devices, Ovulation and Pregnancy Test Kits, Home Hemoglobin A1c Test Kits, HIV Test Kits), Therapeutic (Wound Care Products, Dialysis Equipment, Insulin Delivery Devices, External Stimulation Devices, Oxygen Delivery Systems, Automated External Defibrillators, Nebulizers, Sleep Apnea Therapeutic Devices), and Mobility Assist (Crutches, Mobility Scooters, Walkers, Wheelchairs, Canes), By Service (Pregnancy Care, Skilled Nursing, Palliative Care, Rehabilitation, Infusion Therapy, and Respiratory Therapy), By Software (Hospice Solutions, Clinical Management Systems, and Agency Software), and Geography (North America, Latin America, Europe, Middle East and Africa, Asia Pacific)

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Report

Description

Home Healthcare Market Size was valued at US$ 290 Billion in 2020 and is projected to reach US$ 500.24 Billion by 2027 at a CAGR of 8.1% during the forecast period 2021 to 2027. Home healthcare is a health care service that can be given at home for a patient. Home healthcare is generally inexpensive and more convenient and is even as effective as you can get in the hospital. The major goal of home healthcare is to treat illness or injury. Home healthcare helps in regaining independence. It is cost-effective alternative to an expensive hospital stay. Home Healthcare Market report gives a comprehensive outlook across the globe with special emphasis on key regions such as North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa (MEA). This report on global market gives historical, current, and future market sizes (US$ Mn) of product type, service, software. and geographic regions. This report studies market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, the market report includes regulatory scenario and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed the market to better equip clients with possible investment opportunities across the regions (Regional Investment Hot-Spots) and market unmet needs (Product Opportunities). Key stakeholders of the report include suppliers, manufacturers, marketers, policymakers engaged in manufacturing and supply.

Home Healthcare Market

MARKET SUMMARY
-
8.1% CAGR
  • Study Period– 2021 – 2027
  • Base Year– 2020
  • CAGR–8.1%
  • Largest Market– North America
  • Fastest Growing Market– Asia Pacific

Home Healthcare Market Analysis

  • The major market participants are adopting the strategies such as mergers and acquisitions to position themselves as strong players.
  • In January 2018, Omron Healthcare has launched two new Blood Pressure Monitors (BPM) HEM-7270 and HEM-7124 with inbuilt unique Intellisence Technology developed by Omron Healthcare.
  • Another important factor influencing the market is value-based healthcare. The central government in most developed and developing countries provides either partial or entire coverage for in-home services.
  • Medicare reimbursements in the United States are very beneficial when it comes to offering value-based healthcare for better patient outcomes at a reasonable cost. As a result, in-home care has become a popular therapeutic option.
Market Leaders
  • McKesson (US)
  • BAYADA Home Health Care (US)
  • Kinnser Software, Inc. (US)
  • Roche (Switzerland)
  • Philips Healthcare (Netherlands)
  • Kindred Healthcare (US)
  • Linde Group (Germany)
  • Almost Family Inc. (US)
Home Healthcare Market

Drivers and Restraints

The rising demand for home health care delivery systems is anticipating the growth of the market. The increase in geriatric population is the major factor influencing the growth of the market. According to the World Health Organization (WHO), the global population of oldest people is expected to more than triple between 2015 and 2050, growing from 126.5 million to 446.6 million. The growing demand for the testing and diagnosis devices such as heart monitoring systems, blood pressure monitors, pregnancy kits, peak flow meters, and pulse oximeters are enriching the growth of the market. Also, the soaring demand for the mobility care products such as walkers and crutches is adding fuel for the growth of the market. However, the factors such as patient safety concerns and limited coverage of the insurance is hampering the growth of the market.


Home Healthcare Market Regional Analysis

North America dominates the market

North America home healthcare market is growing due to increase in adoption of home healthcare. As per the Centers for Disease Control and Prevention in 2014, the number of patients who received care globally was approximately 4.9 million in 2013, with 12,400 home healthcare agencies in the U.S. The growing number of agencies, favorable reimbursement policies are helping North America to keep top spot in the market. The technological advancements are further boosting the growth of the market in this region. The Asia Pacific is expected to grow at a faster pace owing to increasing healthcare expenditure and raising awareness among the people regarding the home health care. Also, the dramatic increase in the geriatric population is adding fuel for the growth of the market. As per the World Health Organization (WHO), oldest old population in some Asian countries is predicted to quadruple by 2050.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The report provides granular level information about the market size, regional market share, historic market (2015-2020) and forecast (2021-2027)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of the socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
Home Healthcare Market Segmentation


Location

GEOGRAPHY


Report

Company Profile

  • McKesson (US)
  • BAYADA Home Health Care (US)
  • Kinnser Software, Inc. (US)
  • Roche (Switzerland)
  • Philips Healthcare (Netherlands)
  • Kindred Healthcare (US)
  • Linde Group (Germany)
  • Almost Family Inc. (US)
  • Abbott Laboratories (US)
  • LHC Group (US)
  • A&D (Japan)
  • Amedisys (US)
  • Fresenius (Germany)

Description

Home Healthcare Market Size was valued at US$ 290 Billion in 2020 and is projected to reach US$ 500.24 Billion by 2027 at a CAGR of 8.1% during the forecast period 2021 to 2027. Home healthcare is a health care service that can be given at home for a patient. Home healthcare is generally inexpensive and more convenient and is even as effective as you can get in the hospital. The major goal of home healthcare is to treat illness or injury. Home healthcare helps in regaining independence. It is cost-effective alternative to an expensive hospital stay. Home Healthcare Market report gives a comprehensive outlook across the globe with special emphasis on key regions such as North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa (MEA). This report on global market gives historical, current, and future market sizes (US$ Mn) of product type, service, software. and geographic regions. This report studies market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, the market report includes regulatory scenario and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed the market to better equip clients with possible investment opportunities across the regions (Regional Investment Hot-Spots) and market unmet needs (Product Opportunities). Key stakeholders of the report include suppliers, manufacturers, marketers, policymakers engaged in manufacturing and supply.

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