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Home Healthcare Market Worth, Revenue, Share | Valuates Reports
The global Home Health Care market size is projected to reach USD 124230 Million by 2028, from USD 69120 Million in 2021, at a CAGR of 8.6% during 2022-2028.
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Trends Influencing the Global Home Healthcare Market
1. The surge in the aging population
2. Rapid advancements in technology
3. The popularity of home therapeutic devices
4. Limited penetration of reimbursement and insurance coverage
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Home Healthcare Market Share
Based on type, the therapeutic home healthcare devices segment is expected to dominate in the home healthcare market share due to the increased spread of diseases that require constant monitoring and usage of these devices like home dialysis, intravenous pumps, and insulin machines.
Based on application, the segmentations include medical treatment and preventive healthcare. Medical treatment involves providing high-quality healthcare to patients within the confines of their homes. Preventive healthcare deals with preventing illnesses and the burden of the disease along with its related risk factors.
Based on region, North America is expected to dominate in the home healthcare market share owing to its well-developed healthcare infrastructure and the growing geriatric population. Moreover, there are several government initiatives that are promoting at-home healthcare systems.
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