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Transforming Lives with Home Healthcare Market Innovations

02-20-2024 08:23 AM CET | Health & Medicine

Press release from: Market Data Forecast

Transforming Lives with Home Healthcare Market Innovations

According to latest research report published by Market Data Forecast, the global home healthcare market will be worth USD 354.6 billion in 2024 and USD 558.3 billion by 2029, growing at a CAGR of 9.5 % from 2024 to 2029.

Home healthcare is the wide range of healthcare services that can be given to patients in the home for illness or injury. This depends on the patient's situation; the care ranges from nursing to specialized medical services such as laboratory workups.

Global Home Healthcare Report Scope:
• Market Size (2029): USD 558.3 Billion
• Market Size (2024): USD 354.6 Billion
• CAGR (2024 to 2029): 9.5%
• Base Year: 2023
• Forecast Period: 2024 to 2029
• Segments Analysed: Product Type, Type, Services Type, Software and Region
• Geographies Covered: North America, Europe, APAC, Latin America, and Middle East & Africa
• Key Market Players Profiled are Almost Family Inc., Amedisys Inc., General Electric Company (GE), Kinner Software Inc., Omron Corporation, Linde Group, Roche Holding AG, Philips Healthcare, Mckesson Corporation, LHC Group Inc., Kindred Healthcare, Fresenius Se & Co Kgaa, Abbott Laboratories, and Apria Healthcare Group.

Avail sample market brochure of the report, ask @ https://www.marketdataforecast.com/market-reports/global-home-healthcare-market/request-sample

The growing prevalence of chronic diseases among people worldwide demands home healthcare worldwide, enhancing the global market revenue. The increasing older population across the world with chronic diseases who require constant medical care is one of the significant factors contributing to the global home healthcare market share. According to WHO, it is estimated that between 2015 and 2050, the population above 60 years will approximately double from 12% to 22%. The growing expense of healthcare facilities is raising the adoption of home healthcare, reducing hospital stays and readmissions. The rising technological advancements in the healthcare industry, such as telehealth, are gaining traction as the person's physical presence is not required in this condition. All these factors are driving the growth of home healthcare market revenue. Telehealth provides various advantages, such as virtual health, medical, and remote patient monitoring with educational services. During the virtual sessions, the doctor will consult the patient, and the course of action is determined. The growing awareness among the people regarding the benefits of home healthcare rather than hospital stays is boosting the global market value. The growing number of people with disease conditions like dementia and Alzheimer's who need special care is adding fuel to the adoption of home healthcare. The requirement for long-term care influences people to adopt home healthcare through patient monitoring and other rapid advancements in healthcare technology, propelling the growth of the global home healthcare market.

The major countries of the world provide insurance for home healthcare services, but the insurance coverage is limited to more than just specific organizations, which is expected to hamper the growth of the global market. Most of the essential equipment used in home healthcare was not covered by insurance, which may limit the adoption of home healthcare among people due to cost issues. The need for more homecare workers in the growing home healthcare industry is estimated to hinder the expansion of the global market. Another factor restraining the growth of the global market is the requirement for health standards compared to hospital care.

Browse full details of the report @ https://www.marketdataforecast.com/market-reports/global-home-healthcare-market

Key Insights from The Report:
• By product type, the testing, screening & monitoring segment occupy a major share of the worldwide market share in 2023.
• Based on type, the home telehealth monitoring devices segment is expected to grow at the fastest CAGR during the forecast period.
• North America dominated the home healthcare in 2023. Europe accounted for second-highest share of the global market in 2023 and on the other hand, the Asia-Pacific region is estimated to grow at the fastest CAGR during the forecast period.
• Almost Family Inc., Amedisys Inc., General Electric Company (GE), Kinner Software Inc., Omron Corporation, Linde Group, Roche Holding AG, Philips Healthcare, Mckesson Corporation, LHC Group Inc., are dominated the home healthcare market.

The report can be customized as per the requirements, ask @ https://www.marketdataforecast.com/market-reports/global-home-healthcare-market/customization

SEGMENTATION INCLUDED IN THIS REPORT:

By Product Type:
• Testing, Screening, & Monitoring Products
• Therapeutic Products
• Mobility Care Products
By Type:
• Home Telehealth Monitoring Devices
• Home Telehealth Services
• Home Telehealth Software
By Services Type:
• Rehabilitation Therapy Services
• Infusion Therapy Services
• Unskilled Care Services
• Respiratory Therapy Services
• Pregnancy Care Services
• Skilled Nursing Care Services
• Hospice
• Palliative Care Services
By Software:
• Agency Software
• Clinical Management Systems
• Hospice Solutions
By Region:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Browse Regional Reports:
North America Home Healthcare Market Research Report - Segmented By Product Type, Type, Services Type, Software, & Country (U.S, Canada & Rest of North America) - Industry Analysis on Size, Share, Trends, COVID-19 Impact & Growth Forecast (2024 to 2029) - https://www.marketdataforecast.com/market-reports/north-america-home-healthcare-market
Europe Home Healthcare Market Research Report - Segmented By Product Type, Type, Services Type, Software, & Country (UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic and Rest of Europe) - Industry Analysis on Size, Share, Trends, COVID-19 Impact & Growth Forecast (2024 to 2029) - https://www.marketdataforecast.com/market-reports/europe-home-healthcare-market
APAC Home Healthcare Market Research Report - Segmented By Product Type, Type, Services Type, Software, & Country (India, China, Japan, South Korea, Australia, New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore & Rest of APAC) - Industry Analysis on Size, Share, Trends, COVID-19 Impact & Growth Forecast (2024 to 2029) - https://www.marketdataforecast.com/market-reports/asia-pacific-home-healthcare-market
Latin America Home Healthcare Market Research Report - Segmented By Product Type, Type, Services Type, Software, & Country (Brazil, Argentina, Chile and Rest of Latin America) - Industry Analysis, Size, Share, Growth, Trends, & Forecast (2024 to 2029) - https://www.marketdataforecast.com/market-reports/latin-america-home-healthcare-market
Middle East & Africa Home Healthcare Market Research Report - Segmented By Product Type, Type, Services Type, Software, & Country (KSA, UAE, Israel, rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan and Rest of MEA) - Industry Analysis on Size, Share, Trends, COVID-19 Impact & Growth Forecast from (2024 to 2029) - https://www.marketdataforecast.com/market-reports/middle-east-and-africa-home-healthcare-market

TABLE OF CONTENTS:

1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemiology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Product
5.1.1 Introduction
5.1.2 Testing, Screening, & Monitoring Products
5.1.3 Therapeutic Products
5.1.4 Mobility Care Products
5.1.5 Y-o-Y Growth Analysis, By Product
5.1.6 Market Attractiveness Analysis, By Product
5.1.7 Market Share Analysis, By Product
5.2 Type
5.2.1 Introduction
5.2.2 Home Telehealth Monitoring Devices
5.2.3 Home Telehealth Services
5.2.4 Home Telehealth Software
5.2.5 Y-o-Y Growth Analysis, By Type
5.2.6 Market Attractiveness Analysis, By Type
5.2.7 Market Share Analysis, By Type
5.3 Software
5.3.1 Introduction
5.3.2 Agency Software
5.3.3 Clinical Management Systems
5.3.4 Hospice Solutions
5.3.5 Y-o-Y Growth Analysis, By Software
5.3.6 Market Attractiveness Analysis, By Software
5.3.7 Market Share Analysis, By Software
5.4 Services
5.4.1 Introduction
5.4.2 Rehabilitation Therapy Services
5.4.3 Infusion Therapy Services
5.4.4 Unskilled Care Services
5.4.5 Respiratory Therapy Services
5.4.6 Pregnancy Care Services
5.4.7 Skilled Nursing Care Services
5.4.8 Hospice
5.4.9 Palliative Care Services
5.4.7 Y-o-Y Growth Analysis, By Services
5.4.8 Market Attractiveness Analysis, By Services
5.4.9 Market Share Analysis, By Services
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Product
6.1.3.3 By Type
6.1.3.4 By Softwares
6.1.3.5 By Services
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Product
6.1.4.3 By Type
6.1.4.4 By Softwares
6.1.4.5 By Services
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Product
6.1.5.3 By Type
6.1.5.4 By Softwares
6.1.5.5 By Services
6.2 North America
6.1.1 Introduction
6.1.2 United States
6.1.3 Canada
6.3 Europe
6.2.1 Introduction
6.2.2 U.K
6.2.3 Spain
6.2.4 Germany
6.2.5 Italy
6.2.6 France
6.4 Asia-Pacific
6.3.1 Introduction
6.3.2 China
6.3.3 India
6.3.4 japan
6.3.5 Australia
6.3.6 South Korea
6.5 Latin America
6.4.1 Introduction
6.4.2 Brazil
6.4.3 Argentina
6.4.4 Mexico
6.4.5 Rest of Latin America
6.6 Middle East & Africa
6.5.1 Introduction
6.5.2 Middle-East
6.5.3 Africa
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter's Five Analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders Analysis
8.1 Apria Healthcare Group
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 A&D Company Limited
8.3 Almost Family Inc
8.4 Amedisys Inc
8.5 General Electric Company (GE)
8.6 Kinnser Software Inc
8.7 Linde Group
8.8 Omron Corporation
8.9 Roche Holding AG
8.10 Philips Healthcare
8.11 Mckesson Corporation
8.12 LHC Group Inc
8.13 Kindred Healthcare
8.14 Fresenius Se & Co Kgaa
8.15 Abbott Laboratories
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures

Contact Us:
Market Data Forecast
www.marketdataforecast.com
Phone: +1-888-702-9626
Email: sales@marketdataforecast.com
5th Floor, Trendz Pride, Patrika Nagar Rd Number 1, HUDA Techno Enclave, HITEC City, Hyderabad, Telangana 500081, India

Market Data Forecast is a firm working in the areas of market research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients.

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