Press release
Global Health Caregiving Market Report by Market Share, Type and Application Forecast Report 2023
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The increasing prevalence of chronic diseases, such as diabetes, cardiovascular disease, and respiratory diseases, is one of the major drivers of the health caregiving market. According to the World Health Organization, chronic diseases account for approximately 60% of all deaths worldwide.
The aging population is another major driver of the market. The number of individuals aged 65 years and above is expected to increase from 703 million in 2019 to 1.5 billion by 2050, according to the United Nations. This will increase the demand for health caregiving services and products.
The rising demand for personalized care is also driving the market. Patients and their families are increasingly seeking personalized care that is tailored to their specific needs and preferences. This has led to the development of new products and services that support personalized care.
Companies
Honor Technology, Inc.
Hometeam Care, Inc.
HomeHero, Inc.
Seniorlink, Inc.
GreatCall, Inc.
Cariloop, Inc.
Room2Care, Ltd.
UnaliWear, Inc.
com, Inc.
CareLinx, Inc.
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The market is segmented by product type, service type, and region. On the basis of product type, the market is divided into medical equipment, personal protective equipment, and others. Medical equipment includes devices such as glucose monitors, blood pressure monitors, and nebulizers. Personal protective equipment includes gloves, masks, and gowns. The medical equipment segment accounted for the largest share of the market in 2020.
On the basis of service type, the market is divided into home healthcare, institutional care, and others. Home healthcare includes services such as nursing care, physical therapy, and medication management provided in the patient's home. Institutional care includes services provided in hospitals, nursing homes, and assisted living facilities. The home healthcare segment accounted for the largest share of the market in 2020 due to the increasing demand for personalized care and the preference for aging in place.
Geographically, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America accounted for the largest share of the market in 2020 due to the presence of major market players and the high prevalence of chronic diseases in the region.
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Market Segmentation
By Care Type
Daily Essential Activities
Meals, Home, and Personal Care
Home Repair
Home Delivery Transportation Services
Health and Safety Awareness
Health Vital Alerts
Diet and Nutrition
Medication Management
Personal Safety Monitoring
Telehealth
Care Coordination
Care Planning
Care Professional Engagement
Records and Benefits Management
Recovery Support
Transition Support
Home Retrofit Service
Long-Term Care Insurance Planning
Long-Term Care Provider Referral
Legal Assistance Hospice / Funeral Planning
Social Well-Being
Digital Inclusion
Life Enrichment and Empowerment
Community Networking
Life Companion
Caregiver Quality of Life
Respite and Backup Care
Social Support
Health and Wellness
Financial / Job Security
By End User
Geriatric Population
Disabled Population
Neonatal and Pediatric Population
Others
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Persistence Market Research is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. Persistence Market Research boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients' business needs.
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