Home Healthcare Market is expected to grow at 6.5% by 2031. Older adults are majorly benefited with home healthcare as it helps them to stay independently for as long as possible in an injury or illness. Home healthcare covers a broad range of services and can possess capability of delaying the need for long-term nursing home care. According to market experts, in the U.S. currently 12 million patients and more than 428 million patient visits each year out of which 70% are using home healthcare services aged 65 and older. The age group beyond 65 years affects with the most common conditions such as heart disease, diabetes and cerebral vascular diseases. On the basis of device type the home healthcare market is segmented as therapeutic devices, diagnostic and screening devices, home mobility assistance devices and medical supplies/ consumables. Furthermore, the diagnostic and screening devices segment comprises, heart rate monitors, blood pressure monitors, temperature monitors, pregnancy test kits, pedometers and coagulation monitors, pulse oximeters, sleep apnea monitors, and blood glucose monitors. The therapeutic devices segment is further segmented into ventilators, insulin delivery devices, nebulizers, and CPAP devices, IV equipment and dialysis equipment. The home mobility assistance devices segment is sub-segmented as cranes, wheelchairs, and crutches and other mobility assist devices. On the basis of services home healthcare market is segmented as telehealth services, respiratory therapy services, rehabilitation services, infusion therapy services, and unskilled home healthcare services.
The home healthcare market is driven by aging population, rising incidences of chronic diseases, increasing healthcare costs are fueling the demand for affordable healthcare delivery systems, technological advancements, and government supportive measures to ensure promotion of home healthcare. Moreover, patient safety concerns, altering reimbursement policies, and partial insurance coverage are major factors restricting the growth of this market. North America is anticipated to dominate the global home healthcare market due to encouraging reimbursement policies along with existence of large number of small and large scale healthcare service providers in the region stimulates the growth of home healthcare market. Europe was observed as the second largest home healthcare market after North America. The key factors responsible for growth of Europe home healthcare market are high prevalence of lifestyle diseases such as cardiovascular diseases and diabetes and rising healthcare investments by the government supports the growth of home healthcare market. Asia-Pacific home healthcare market is expected to grow at the highest CAGR during the forecast period 2016 to 2022. Rising healthcare expenditure, developing healthcare infrastructure, increasing public awareness associated with the diagnosis of lifestyle diseases and disposable income.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
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The home healthcare market is driven by aging population, rising incidences of chronic diseases, increasing healthcare costs are fueling the demand for affordable healthcare delivery systems, technological advancements, and government supportive measures to ensure promotion of home healthcare. Moreover, patient safety concerns, altering reimbursement policies, and partial insurance coverage are major factors restricting the growth of this market. North America is anticipated to dominate the global home healthcare market due to encouraging reimbursement policies along with existence of large number of small and large scale healthcare service providers in the region stimulates the growth of home healthcare market. Europe was observed as the second largest home healthcare market after North America. The key factors responsible for growth of Europe home healthcare market are high prevalence of lifestyle diseases such as cardiovascular diseases and diabetes and rising healthcare investments by the government supports the growth of home healthcare market. Asia-Pacific home healthcare market is expected to grow at the highest CAGR during the forecast period 2016 to 2022. Rising healthcare expenditure, developing healthcare infrastructure, increasing public awareness associated with the diagnosis of lifestyle diseases and disposable income.
Key Players Identified for Home Healthcare Market Include but are Not Limited to:
McKesson Medical-Surgical Inc.; Fresenius Medical Care; Medline Industries, Inc.; Medtronic PLC; 3M Healthcare; Baxter International Inc.; B. Braun Melsungen AG; Arkray, Inc.; F. Hoffmann-La Roche AG; Becton, Dickinson And Company; Acelity L.P.; Hollister Inc.; ConvaTec Group PLC; Molnlycke Health Care; Brookdale Senior Living, Inc.; Home Health Services Ltd.; Sunrise Carlisle, Extendicare, Inc.; Care UK Limited; Senior Care Centers of America; Genesis Healthcare Corp.; Sompo Holdings, Inc.; Kindred Healthcare, Inc.; Home Instead Senior Care, Inc. And Other Notable Players.Historical & Forecast Period
This study report represents analysis of each segment from 2021 to 2031 considering 2022 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2031.The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Home Healthcare market are as follows:- Research and development budgets of manufacturers and government spending
- Revenues of key companies in the market segment
- Number of end users and consumption volume, price and value.
- Geographical revenues generate by countries considered in the report
- Micro and macro environment factors that are currently influencing the Home Healthcare market and their expected impact during the forecast period.
Market Segmentation
Component
- Equipment
- Therapeutic
- Home respiratory therapy equipment
- Insulin delivery devices
- Home IV pumps
- Home dialysis equipment
- Others
- Diagnostic
- Diabetic care unit
- BP monitors
- Multi para diagnostic monitors
- Home pregnancy and fertility kits
- Apnea and sleep monitors
- Holter monitors
- Heart rate monitors
- Others
- Mobility Assist
- Wheel chair
- Home medical furniture
- Walking assist devices
- Services
- Skilled Home Healthcare Services
- Physician primary care
- Nursing care
- Physical/occupational/speech therapy
- Nutritional support
- Hospice & palliative care
- Others
- Unskilled Home Healthcare Services
Indication
- Cardiovascular Disorders & Hypertension
- Diabetes
- Respiratory Diseases
- Pregnancy
- Mobility Disorders
- Cancer
- Wound Care
- Other Indications
Key questions answered in this report
- What are the key micro and macro environmental factors that are impacting the growth of Home Healthcare market?
- What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
- Estimated forecast and market projections up to 2031.
- Which segment accounts for the fastest CAGR during the forecast period?
- Which market segment holds a larger market share and why?
- Are low and middle-income economies investing in the Home Healthcare market?
- Which is the largest regional market for Home Healthcare market?
- What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
- Which are the key trends driving Home Healthcare market growth?
- Who are the key competitors and what are their key strategies to enhance their market presence in the Home Healthcare market worldwide?
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Table of Contents
1. Preface
2. Executive Summary
3. Home Healthcare Market: Competitive Analysis
4. Home Healthcare Market: Macro Analysis & Market Dynamics
5. Home Healthcare Market: By Component, 2021-2031, USD (Million)
6. Home Healthcare Market: By Indication, 2021-2031, USD (Million)
7. North America Home Healthcare Market, 2021-2031, USD (Million)
8. UK and European Union Home Healthcare Market, 2021-2031, USD (Million)
9. Asia Pacific Home Healthcare Market, 2021-2031, USD (Million)
10. Latin America Home Healthcare Market, 2021-2031, USD (Million)
11. Middle East and Africa Home Healthcare Market, 2021-2031, USD (Million)
12. Company Profile
List of Figures
List of Tables
Companies Mentioned
- McKesson Medical-Surgical Inc.
- Fresenius Medical Care
- Medline Industries Inc.
- Medtronic PLC
- 3M Healthcare
- Baxter International Inc.
- B. Braun Melsungen AG
- Arkray Inc.
- F. Hoffmann-La Roche AG
- Becton
- Dickinson And Company
- Acelity L.P.
- Hollister Inc.
- ConvaTec Group PLC
- Molnlycke Health Care
- Brookdale Senior Living Inc.
- Home Health Services Ltd.
- Sunrise Carlisle
- Extendicare Inc.
- Care UK Limited
- Senior Care Centers of America
- Genesis Healthcare Corp.
- Sompo Holdings Inc.
- Kindred Healthcare Inc.
- Home Instead Senior Care Inc.
