Home Healthcare Market Professional Inspection Report 2021-2027

Home Healthcare offers a wide range of healthcare services given from home for the treatment of disease or injury. The diverse industry includes infusion services, home skilled nursing and physical therapy and is often referred as home medical care. The home care services are usually less expensive, highly convenient to the patients, equally effective to the hospital care units or skilled nursing facility. Increasing prevalence of chronic diseases is expected to propel growth of the global home healthcare market over the forecast period. Furthermore, major players in the global home healthcare market are focused on approval and launch of new products to expand their product portfolio which in turn is anticipated assist the growth of the market.

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Chronic diseases such as diabetes, cardiac disorder, and respiratory diseases are major health concerns worldwide. Home healthcare devices and services help in the diagnosis and mitigation of these diseases.

Increasing prevalence of chronic diseases is expected to propel growth of the global home healthcare market over the forecast period. For instance, according to the study, “Global and regional diabetes prevalence estimates for 2019 and projections for 2030 and 2045: Results from the International Diabetes Federation Diabetes Atlas, 9th edition”, published in the journal Diabetes Research and Clinical Practice, in September 2019, 463 million people are expected to suffer from diabetes in 2019 worldwide and the number is expected to reach 578 million by 2030 and 700 million by 2045.

Statistics:

The global home healthcare market was valued at US$ 279,541.7 Mn in 2019 and is forecast to reach a value of US$ 525,833.3 Mn by 2027 at a CAGR of 8.2% between 2020 and 2027.

Competitive Landscape:

3M, Abbott Laboratories, Bayer AG, Becton, Dickinson and Company, Cardinal Health, F. Hoffmann-La Roche Ltd., GE Healthcare, Gentiva Health Services, Inc., Invacare Corporation, Johnson & Johnson Services, Inc., The Linde Group, Medtronic, Inc., Omron Healthcare, Inc., AdaptHealth, Current Health, Baxter International Inc., Optum (United Healthcare), Outset Medical, and Regeneron Pharmaceuticals, Inc.

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