Home Healthcare Market Research Report Anticipated to expand at 8.1% CAGR from 2017 to 2023

The global home healthcare market is anticipated to expand at 8.1% CAGR from 2017 to 2023 (forecast period), according to the latest report by Market Research Future (MRFR). Home healthcare is an increasing viable option being preferred by patients owing to increasing healthcare costs and the burgeoning geriatric population. Home healthcare provides a range of services including physical therapy, speech therapy, occupational therapy, and skilled nursing. The digitization of data has made it simpler for patients to contact physicians and clinicians and gain an accurate diagnosis from the comforts of their home.
Technological advances in healthcare and diagnosis equipment and government initiatives encouraging home healthcare are likely to fuel market demand in the forthcoming years. Taking a cue from patient demands, players such as Philips have launched wireless solutions. This is evident by the introduction of CarePoint 5.0, a easy-to-use nurse call system for senior citizens in assisted living facilities and bedridden patients recuperating at home. But concerns regarding patient safety can impede market growth.
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For the scope of research, the report offers a comprehensive analysis of the global home healthcare market.
Product
• Testing, Screening, & Monitoring Products
o Sleep Apnea Monitors
o Pulse Oximeters & Heart Rate Monitors
o Cholesterol Monitoring Devices
o Holter and Event Monitors
o Blood Pressure Monitors
o Blood Glucose Monitors
o Others
• Therapeutic Products
o Dialysis Equipment
o Wound Care Products
o Respiratory Therapy Equipment
o Insulin Delivery Devices
o IV Equipment
o Others
Services
• Skilled Nursing Services
• Unskilled Care Services
• Rehabilitation Therapy Services
• Respiratory Therapy Services
• Pregnancy Care Services
• Infusion Therapy Services
Software
• Clinical Management Systems
• Agency Software
• Telehealth Solution
• Hospice Solutions
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Competitive Landscape
Some of the key players in the home healthcare market include Koninklijke Philips N.V. (The Netherlands), F. Hoffmann-La Roche AG (Switzerland), A&D Company (Japan), Fresenius SE & Co KGaA (Germany), Abbott (U.S.), GE Healthcare (U.S.), McKesson Corporation (U.S.), B. Braun Melsungen AG (Germany), Becton Dickinson Company (U.S.), Omron Corporation (Japan), Medtronic PLC (U.S.), LG Electronics (South Korea), Kinnser Software (U.S.), Apple (U.S.), 3M (U.S.), and others. These players are engaged in partnerships to launch new products in the market and expand their consumer base.
The report offers comprehensive profiles on these market players and assesses their current standing in the market. Company history coupled with annual turnover, profit margins, segmental share, SWOT analysis, growth strategies, new product launches, mergers and acquisitions (M&A) activities, and latest R&D initiatives are discussed in granular detail.
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