The North America Home Healthcare Market should witness market growth of 7.1% CAGR during the forecast period (2022-2028).
Home health care services enable individuals of all ages to recuperate at home instead of being sent to the hospital or placed in a skilled nursing facility while they are recuperating from an illness, surgery, or accident. People with physical or mental impairments may get help from home health care so they can live independently and avoid institutionalization or long-term care. Patients with chronic illnesses may maintain their freedom in the comfort of their own homes by receiving help managing their ailments at home.
Patients who have just had surgery may remain to recuperate while getting support services to care for bandages, finish an antibiotic course, and restore their strength in the convenience of their own homes. Children and adolescents may also benefit from home care services to recuperate from sickness or injury or to get help with everyday tasks.
Home care services may be provided to babies, kids, and teens who are at risk in order to prevent placement in foster care or institutions. People are able to maintain ties to their loved ones, neighborhood, community, and places of religion when supporting services are provided in their homes. A person may maintain their highest level of independence by staying at home. Being accompanied by the people and things that are important to the patient is beneficial. This supports their well-being, upholds their dignity, and keeps the family together.
According to the Public Health Agency of Canada, there are over 3 million individuals in Canada who have diabetes, and 200, 000 new cases are identified each year. It affects health care systems and presents several difficulties, including major consequences and early mortality for persons who have diabetes. Additionally, a significant portion of these individuals have high discretionary money and want to get superior treatment in the comfort of their homes. This has led to a significant increase in demand for home healthcare, which is assisting the market growth in North America.
The US market dominated the North America Home Healthcare Market by Country in 2021; thereby, achieving a market value of $106, 688.3 million by 2028. The Canada market is experiencing a CAGR of 9.5% during (2022-2028). Additionally, The Mexico market would exhibit a CAGR of 8.6% during (2022-2028).
Based on Type, the market is segmented into Services and Product. Based on Services Type, the market is segmented into Skilled Nursing, Rehabilitation Therapy, Hospice & Palliative Care, Unskilled Care, Respiratory Therapy, Infusion Therapy and Pregnancy Care. Based on Product Type, the market is segmented into Therapeutic Products, Testing, Screening, & Monitoring Products and Mobility Care Products. Based on Indication, the market is segmented into Cancer & Other Indications, Respiratory Diseases, Wound Care, Pregnancy, Movement Disorders, Hearing Disorders, Cardiovascular Diseases & Hypertension and Diabetes. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Amedisys, Inc., LHC Group, Inc., ResMed, Inc., Omron Corporation, Abbott Laboratories, Invacare Corporation, Linde PLC, A&D HOLON Holdings Company, Limited, Fresenius SE & Co. KGaA and F. Hoffmann-La Roche Ltd.
Home health care services enable individuals of all ages to recuperate at home instead of being sent to the hospital or placed in a skilled nursing facility while they are recuperating from an illness, surgery, or accident. People with physical or mental impairments may get help from home health care so they can live independently and avoid institutionalization or long-term care. Patients with chronic illnesses may maintain their freedom in the comfort of their own homes by receiving help managing their ailments at home.
Patients who have just had surgery may remain to recuperate while getting support services to care for bandages, finish an antibiotic course, and restore their strength in the convenience of their own homes. Children and adolescents may also benefit from home care services to recuperate from sickness or injury or to get help with everyday tasks.
Home care services may be provided to babies, kids, and teens who are at risk in order to prevent placement in foster care or institutions. People are able to maintain ties to their loved ones, neighborhood, community, and places of religion when supporting services are provided in their homes. A person may maintain their highest level of independence by staying at home. Being accompanied by the people and things that are important to the patient is beneficial. This supports their well-being, upholds their dignity, and keeps the family together.
According to the Public Health Agency of Canada, there are over 3 million individuals in Canada who have diabetes, and 200, 000 new cases are identified each year. It affects health care systems and presents several difficulties, including major consequences and early mortality for persons who have diabetes. Additionally, a significant portion of these individuals have high discretionary money and want to get superior treatment in the comfort of their homes. This has led to a significant increase in demand for home healthcare, which is assisting the market growth in North America.
The US market dominated the North America Home Healthcare Market by Country in 2021; thereby, achieving a market value of $106, 688.3 million by 2028. The Canada market is experiencing a CAGR of 9.5% during (2022-2028). Additionally, The Mexico market would exhibit a CAGR of 8.6% during (2022-2028).
Based on Type, the market is segmented into Services and Product. Based on Services Type, the market is segmented into Skilled Nursing, Rehabilitation Therapy, Hospice & Palliative Care, Unskilled Care, Respiratory Therapy, Infusion Therapy and Pregnancy Care. Based on Product Type, the market is segmented into Therapeutic Products, Testing, Screening, & Monitoring Products and Mobility Care Products. Based on Indication, the market is segmented into Cancer & Other Indications, Respiratory Diseases, Wound Care, Pregnancy, Movement Disorders, Hearing Disorders, Cardiovascular Diseases & Hypertension and Diabetes. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Amedisys, Inc., LHC Group, Inc., ResMed, Inc., Omron Corporation, Abbott Laboratories, Invacare Corporation, Linde PLC, A&D HOLON Holdings Company, Limited, Fresenius SE & Co. KGaA and F. Hoffmann-La Roche Ltd.
Scope of the Study
By Type
- Services
- Skilled Nursing
- Rehabilitation Therapy
- Hospice & Palliative Care
- Unskilled Care
- Respiratory Therapy
- Infusion Therapy
- Pregnancy Care
- Product
- Therapeutic Products
- Testing, Screening, & Monitoring Products
- Mobility Care Products
By Indication
- Cancer & Other Indications
- Respiratory Diseases
- Wound Care
- Pregnancy
- Movement Disorders
- Hearing Disorders
- Cardiovascular Diseases & Hypertension
- Diabetes
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Amedisys, Inc.
- LHC Group, Inc.
- ResMed, Inc.
- Omron Corporation
- Abbott Laboratories
- Invacare Corporation
- Linde PLC
- A&D HOLON Holdings Company, Limited
- Fresenius SE & Co. KGaA
- F.Hoffmann-La Roche Ltd.
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Table of Contents
Chapter 1. Market Scope & Methodology1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Home Healthcare Market, by Type
1.4.2 North America Home Healthcare Market, by Indication
1.4.3 North America Home Healthcare Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Strategies Deployed in Home Healthcare Market
Chapter 4. North America Home Healthcare Market by Type
4.1 North America Services Market by Country
4.2 North America Home Healthcare Market by Services Type
4.2.1 North America Skilled Nursing Market by Country
4.2.2 North America Rehabilitation Therapy Market by Country
4.2.3 North America Hospice & Palliative Care Market by Country
4.2.4 North America Unskilled Care Market by Country
4.2.5 North America Respiratory Therapy Market by Country
4.2.6 North America Infusion Therapy Market by Country
4.2.7 North America Pregnancy Care Market by Country
4.3 North America Product Market by Country
4.4 North America Home Healthcare Market by Product Type
4.4.1 North America Therapeutic Products Market by Country
4.4.2 North America Testing, Screening, & Monitoring Products Market by Country
4.4.3 North America Mobility Care Products Market by Country
Chapter 5. North America Home Healthcare Market by Indication
5.1 North America Cancer & Other Indications Market by Country
5.2 North America Respiratory Diseases Market by Country
5.3 North America Wound Care Market by Country
5.4 North America Pregnancy Market by Country
5.5 North America Movement Disorders Market by Country
5.6 North America Hearing Disorders Market by Country
5.7 North America Cardiovascular Diseases & Hypertension Market by Country
5.8 North America Diabetes Market by Country
Chapter 6. North America Home Healthcare Market by Country
6.1 US Home Healthcare Market
6.1.1 US Home Healthcare Market by Type
6.1.1.1 US Home Healthcare Market by Services Type
6.1.1.2 US Home Healthcare Market by Product Type
6.1.2 US Home Healthcare Market by Indication
6.2 Canada Home Healthcare Market
6.2.1 Canada Home Healthcare Market by Type
6.2.1.1 Canada Home Healthcare Market by Services Type
6.2.1.2 Canada Home Healthcare Market by Product Type
6.2.2 Canada Home Healthcare Market by Indication
6.3 Mexico Home Healthcare Market
6.3.1 Mexico Home Healthcare Market by Type
6.3.1.1 Mexico Home Healthcare Market by Services Type
6.3.1.2 Mexico Home Healthcare Market by Product Type
6.3.2 Mexico Home Healthcare Market by Indication
6.4 Rest of North America Home Healthcare Market
6.4.1 Rest of North America Home Healthcare Market by Type
6.4.1.1 Rest of North America Home Healthcare Market by Services Type
6.4.1.2 Rest of North America Home Healthcare Market by Product Type
6.4.2 Rest of North America Home Healthcare Market by Indication
Chapter 7. Company Profiles
7.1 Amedisys, Inc.
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental Analysis
7.1.4 Recent strategies and developments:
7.1.4.1 Partnerships, Collaborations, and Agreements:
7.1.4.2 Acquisition and Mergers:
7.2 LHC Group, Inc.
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental Analysis
7.2.4 Recent strategies and developments:
7.2.4.1 Partnerships, Collaborations, and Agreements:
7.2.4.2 Acquisition and Mergers:
7.3 ResMed, Inc.
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expenses
7.3.5 Recent strategies and developments:
7.3.5.1 Acquisition and Mergers:
7.4 Omron Corporation
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 Research & Development Expenses
7.4.5 SWOT Analysis
7.5 Abbott Laboratories
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental and Regional Analysis
7.5.4 Research & Development Expense
7.5.5 SWOT Analysis
7.6 Invacare Corporation
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Regional Analysis
7.6.4 Research & Development Expenses
7.7 Linde PLC
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Regional Analysis
7.7.4 Research & Development Expense
7.8 A&D HOLON Holdings Company, Limited
7.8.1 Company Overview
7.8.2 Financial Analysis
7.8.3 Segmental and Regional Analysis
7.9 Fresenius SE & Co. KGaA
7.9.1 Company Overview
7.9.2 Financial Analysis
7.9.3 Segmental and Regional Analysis
7.9.4 Research & Development Expenses
7.9.5 Recent strategies and developments:
7.9.5.1 Acquisition and Mergers:
7.10. F. Hoffmann-La Roche Ltd.
7.10.1 Company Overview
7.10.2 Financial Analysis
7.10.3 Segmental and Regional Analysis
7.10.4 Research & Development Expense
Companies Mentioned
- Amedisys, Inc.
- LHC Group, Inc.
- ResMed, Inc.
- Omron Corporation
- Abbott Laboratories
- Invacare Corporation
- Linde PLC
- A&D HOLON Holdings Company, Limited
- Fresenius SE & Co. KGaA
- F. Hoffmann-La Roche Ltd.
Methodology
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