The Future of Home Healthcare Services Market in the forecast period (2019-2025) as predicted by Stratview Research

The report on Home Healthcare Services Market published by Stratview Research focusses on current trend insights and also predicts about the market condition and its future in the forecast period of 2019 – 2025

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This report, from Stratview Research, studies the Home Healthcare Services Market over the trend period of 2014 to 2018 and forecast period of 2019 to 2025. The report provides detailed insights into the Home Healthcare Services Market size, trends, forecasts, and dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

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Report Segment
Based on the service type, the home healthcare service market is broadly classified as medical care, non-medical care and both medical and non-medical care in combination. The medical care services which can be defined as the services related to health and medical condition of the patient or client, majorly include skilled nursing services, physical therapy, speech therapy, infusion therapy, psychiatric care, medication management, and assistance in rehabilitations. Whereas, non-medical services majorly include preparing meals, housekeeping, and assisting clients in doing other daily activities. The client who requires both medical care and non-medical care services are included under the third segment which is the combination of both.

By identifying the type of services required by the clients, the home healthcare services market is segmented on the basis of nature of application of services as therapeutic services, diagnostic & monitoring services, and others. The therapeutic segment led the market in 2018.

In terms of regions, the North America remained dominant in the home healthcare services market in 2018. The USA is the largest market for home healthcare services. The country’s position in the market is attributed to the high growth of geriatric population owing to the highest proportion of citizens belonging to baby boomer’s generation along with rising demand among seniors to live at their homes. Changing healthcare policies in the USA such as inclusion of non-skilled in-home care in Medicare Advantage program from 2019 is rejuvenating the market for home health care services in the USA. The significant advantages of the home healthcare service such as reduction in cost of hospital bills, are driving high growth in the market in the European region as well.

Some of the major players in the home healthcare services market are Amedisys, Inc., American Homepatient, ATC Healthcare Inc., Chemed Corporation, CVS Health Corporation, LHC Group, Inc., Kindred Healthcare, Koninklijke Philips N.V, and The Blackstone Group L.P.

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Highlights of the Report:
The global home healthcare services market is likely to witness an impressive CAGR of 8.2% during the forecast period. Factors such as growing global geriatric population along with rising interest of older people to live independently at their own homes, increasing cases of chronic diseases and reducing mobility among seniors which is increasing the need of specialized care services for them, are bolstering the growth of the market.
The services provided by the home healthcare providers are more beneficial than the services provided in nursing care facilities, hospitals and other living facilities. The benefits offered by them are - customized and specialized care services, assistance to seniors in using connected healthcare services and reduction in the cost of care by reducing hospital stays. Such benefits along with tremendous growth in connected healthcare service market is creating a high demand and growth in the global home healthcare services market.

Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
Based on the research, a proper report is crafted with the following key features:
• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

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This release was published on openPR.