Global Home Healthcare Market Size By Type (Devices, Software), By Component (Therapeutic, Diagnostic), By Geographic Scope And Forecast

Report Overview
The global home healthcare market was valued at USD 299.24 billion in 2021 and is expected to reach around USD 961.12 billion by 2030 and poised to grow at a compound annual growth rate (CAGR) 13.9% during the forecast period 2023 to 2032. The ageing population, increasing rates of target diseases like dementia and Alzheimer's, and orthopaedic diseases are all predicted to drive market expansion. Governments and health organisations are working to reduce healthcare expenses since one of their top worries is the rising cost of treatments. An affordable alternative to an expensive hospital stay is home healthcare.

For instance, "hospital at home" programmes allow patients to receive acute care at home with fewer problems and a 30% reduction in the cost of care, according to a report by The Commonwealth Fund. This contributes to patient comfort and is anticipated to act as a significant market driver. In emerging nations, noncommunicable diseases have replaced communicable diseases as a result of medical advancements. Increased alcohol use and a sedentary lifestyle are the main causes of the rise in the prevalence of lifestyle diseases. Increasing prevalence of long-term care-requiring target diseases, such as dementia and Alzheimer's disease, is anticipated to fuel the market throughout the projection period.

Additionally, knowledge of these disorders' home care options and equipment is growing. The effectiveness and efficiency of home care for lifestyle illnesses has increased thanks to the accessibility of portable technologies including blood glucose monitors, breathing assistance, and heart rate monitors. A significant market-influencing factor is value-based healthcare. The majority of industrialised and developing countries provide either full or partial coverage for in-home care through the central government. Medicare reimbursements in the US are very advantageous in delivering value-based healthcare for better patient outcomes at a cheap cost. As a result, in-home care has emerged as a popular kind of therapy.

This report examines all the key factors influencing growth of global Home Healthcare market, including demand-supply scenario, pricing structure, profit margins, production and value chain analysis. Regional assessment of global Home Healthcare market unlocks a plethora of untapped opportunities in regional and domestic market places. Detailed company profiling enables users to evaluate company shares analysis, emerging product lines, scope of NPD in new markets, pricing strategies, innovation possibilities and much more.

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Market Segmentations:

Global Home Healthcare Market: Major Players
Abbott Laboratories
Invacare Corporation
F. Hoffmann-La Roche Ltd.
GE Healthcare
Bayer AG
Phillips Healthcare
Johnson & Johnson Services, Inc.
Gentiva Health Services, Inc.
3M Health Care
Omron Healthcare, Inc
Medtronic, Inc.
Cardinal Health, Inc.

Global Home Healthcare Market: Types
Rehabilitation
Unskilled Home Care
Respiratory Therapy Services
Infusion Therapy Services
Telemetry

Global Home Healthcare Market: Applications
Therapeutic
Diagnostic
Mobility Assist

Global Home Healthcare Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Home Healthcare market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

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There are different types of home healthcare services available:
• Personal care & companionship services usually include non-medical care apart from routine medical care such as senior care, assistive care, home health aide services. In such cases, the patient may or may not be suffering from any severe ailment(s).
• Private duty nursing care is usually long-term nursing services for patients suffering from an injury, disability, or chronic illness.
• Apart from these, home healthcare services can be short-term with a designated physician assigned to help a patient recover from an injury or illness.

COVID-19: Home healthcare industry impact
The COVID-19 pandemic's effects on the world market for home healthcare have been conflicting. Devices and services, the two market segments, have had various effects. The sales of some home healthcare equipment, including blood pressure monitors, pulse oximeters, blood glucose monitors, and temperature monitors, have benefited from COVID-19. Due to increased awareness of the potential dangers in case of infection, people all around the world are buying more of these products. The home medical device sector has seen increased sales as a result of the epidemic.

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Frequently Asked Questions About This Report
• How big is the home healthcare market?
• What is the home healthcare market growth?
• Which segment accounted for the largest home healthcare market share?
• Who are the key players in home healthcare market?
• What are the factors driving the home healthcare market?

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