Home Healthcare Market Perceives a Fortifying Growth with Top Industry Experts like Koninklijke Philips N.V., F. Hoffmann-La Roche AG, A&D Company, Fresenius SE & Co KGaA, Abbott, GE Healthcare

Global “Home Healthcare Market” report is made by executing an Excellent research process to Gather information of Global Home Healthcare Market and cover the other information such as Market Growth, Eminent players, chapter-wise Description followed by various user perceptions.

Home Healthcare Market – Overview

The global home healthcare market is prognosticated to surpass USD 414.68 Billion at a staggering 8.5% CAGR over the assessment period (2017-2023). Home healthcare solutions help in collecting information from different records of patients for conjuring the overall picture of health comprising of sentiment data, lifestyle, medical, genetic and biological.

It offers an array of services including skilled nursing, occupational therapy, speech therapy and physical therapy. Generally, the home care services are less expensive, extremely convenient for patients and equally effective to skilled nursing facility. Home health care’s ultimate goal is the treatment of the injury or disease in its entirety that aids the patient in regaining independence and becoming self-sufficient faster.

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Not only this, home healthcare also includes assisting senior or elderly citizens with day to day activities such as dressing, bathing, eating and also checking the medication routine. Under home healthcare the different professionals include home health aides, therapists and licensed nurses that work mostly for public health departments or home health agencies.

There are several factors that is propelling the growth of the home healthcare market. These factors according to MRFR (Market Research Future) report include improved patient outcome, cost efficiency, long term care, patient preferred settings, impactful and timely treatment, high quality, reduced medical errors, increasing cases of target diseases mainly Alzheimer’s and dementia and also orthopedic diseases, government initiatives that is encouraging home healthcare, technological advancements in healthcare and increasing geriatric population.

Leading Key Players

Leading players profiled in the home healthcare market include Kinnser Software (US), A&D Company (US), 3M (US), B. Braun Melsungen AG (Germany), F. Hoffmann-La Roche AG (Switzerland), McKesson Corporation (US), Fresenius SE & Co KGaA (Germany), LG Electronics (South Korea), Koninklijke Philips N.V. (Netherlands), Medtronic Plc (Ireland), Apple (US), Omron Corporation (Japan), Becton Dickinson Company (US), GE Healthcare (US), and Abbott Laboratories (US).

Feb 2019- Leading home healthcare provider Aveanna Healthcare has entered into an agreement to acquire Maxim Healthcare Services’ home healthcare division to offer high-quality care and thereby create a difference in the patients and families lives they serve.

Market Segmentation

Market Research Future report offers a comprehensive segmental analysis of the home healthcare market on the basis of product, service and software.

Based on product, it is segmented into therapeutic products, testing, screening & monitoring products. Of these, testing, screening and monitoring is projected to dominate the market over the assessment period due to rising need for home healthcare solutions.

This segment is further segmented into Holter and event monitors, cholesterol monitoring devices, heart rate monitors, pulse oximeters, sleep apnea monitors, blood pressure monitors and glucose monitors. The therapeutic segment is further segmented into dialysis equipment, wound care products, IV equipment, insulin delivery devices, respiratory therapy equipment and others.

Based on service, the home healthcare market is segmented into pregnancy care services, infusion therapy services, respiratory therapy services, unskilled care services, rehabilitation therapy services and skilled nursing services. Of these, skilled nursing is expected to lead the market followed by infusion therapy services.

Based on software, it is segmented into hospice solutions, telehealth solutions, agency software and clinical management systems. Of these, clinical management system will lead the market over the assessment period.

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Detailed Regional Analysis

Based on region, the home healthcare market covers latest trends and growth opportunities across North America, Europe, Asia Pacific and Middle East and Africa. Of these, North America will lead the market owing to rising government expenditure made on home healthcare sector and increasing incidence of chronic diseases.

The home healthcare market in Europe will have the second largest share due to support from private sectors and government for well-developed technologies and research and development activities. In the APAC region, the home healthcare market is expected to grow at the fastest pace due to massive patient population and increasing geriatric population.

Moreover, accessibility of skilled labor will also fuel market growth in this region. On the other hand, the home healthcare market in the Middle East and Africa will have minimum share owing to economic conditions in the African region.

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