Home Healthcare Market worth $54.51 billion by 2030, growing at a CAGR of 8.47% - Exclusive Report by 360iResearch

The "Home Healthcare Market by Component (Services, Solution), Product (Home Healthcare Mobility Care Products, Testing, Screening, & Monitoring Products, Therapeutic Products) - Global Forecast 2023-2030" report has been added to 360iResearch.com's offering.

The Global Home Healthcare Market to grow from USD 28.43 billion in 2022 to USD 54.51 billion by 2030, at a CAGR of 8.47%.

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Home healthcare contains a wide range of medical, therapeutic, and supportive services that can be delivered in the comfort of a patient's home. The home healthcare market comprises services and products designed to support medical care in a patient's home. This may include professional healthcare services such as nursing, physical therapy, home health aide, medical equipment, and supplies. It targets patients who require regular medical attention, prefer the convenience of their homes, or need long-term care for chronic conditions. The significant increase in incidence of chronic diseases, increasing healthcare costs are creating the need for home healthcare. Moreover, technological advancements in home-aided healthcare and government initiatives promoting home healthcare also fuel market development. Limitations associated with insurance coverage, reimbursement policies, and limited availability of home care workers can pose challenging market growth. Rising adoption of telemedicine and telehealth and emerging home healthcare services in developing economies are expected to create opportunities for market expansion.

In the Americas, particularly the United States and Canada, the home healthcare field is well-established and supported by strong infrastructure and reimbursement policies. The presence of private insurers also adds to the diversity of reimbursement options. The market is driven by technological advancements, such as telemedicine, remote monitoring, and mobile health applications, which facilitate more effective patient care at home. South America is experiencing a period of growth due to an aging population, the rising prevalence of chronic diseases, and a growing preference for home healthcare services over traditional hospital care. In Europe, countries such as Germany, the U.K., and France have robust healthcare systems with favorable reimbursement scenarios, contributing to the growth of the home healthcare market. The Middle East shows promising growth due to increasing healthcare expenditure and government initiatives, while Africa remains an underdeveloped market with significant potential for improvement. The region is characterized by increased adoption of home healthcare due to its cost-effectiveness and patient-centric approaches. The APAC region, with countries such as Japan, China, and India, is experiencing rapid transition in the home healthcare market, primarily driven by its large aging population and rising prevalence of chronic conditions. Emerging economies in the region face challenges such as lower healthcare spending and underdeveloped healthcare infrastructure, partially offset by growing investments and government initiatives. The adoption of home healthcare technologies is increasing but at a slower rate compared to the Americas.

Market Segmentation & Coverage:

This research report categorizes the Home Healthcare Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Component, market is studied across Services and Solution. The Services is further studied across Hospice & Palliative Care Services, Infusion Therapy Services, Pregnancy Care Services, Rehabilitation Therapy Services, Respiratory Therapy Services, Skilled Nursing Services, and Unskilled Care Services. The Solution is further studied across Agency Software, Clinical Management Systems, Hospice Solutions, and Telehealthcare Solutions. The Services commanded largest market share of 66.06% in 2022, followed by Solution.

Based on Product, market is studied across Home Healthcare Mobility Care Products, Testing, Screening, & Monitoring Products, and Therapeutic Products. The Home Healthcare Mobility Care Products is further studied across Canes, Crutches, Mobility Scooters, Walkers & Rollators, and Wheelchairs. The Testing, Screening, & Monitoring Products is further studied across Blood Glucose Monitors, Blood Pressure Monitors, Drug & Alcohol Test Kits, ECG/EKG Devices, EEG Devices, Heart Rate Monitors, HIV Test Kits, Ovulation & Pregnancy Test Kits, Pedometers & Pulse Oximeters, Sleep Apnea Monitors, and Temperature Monitors. The Therapeutic Products is further studied across Dialysis Equipment, Inhalers, Insulin Delivery Devices, IV Equipment, Nebulizers, Oxygen Delivery Systems, Sleep Apnea Therapeutic Devices, Ventilators, and Wound Care Products. The Therapeutic Products commanded largest market share of 46.04% in 2022, followed by Testing, Screening, & Monitoring Products.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 60.23% in 2022, followed by Americas.

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FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Home Healthcare Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Home Healthcare Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Home Healthcare Market, highlighting leading vendors and their innovative profiles. These include A&D Company, Limited, Abbott Laboratories, B. Braun SE, Baxter International Inc., Bayada Home Health Care, Becton, Dickinson and Company, Cardinal Health Inc., Caremax Rehabilitation Equipment Co., Ltd., Contec Medical Systems Co., Ltd., Drive Devilbiss Healthcare, F. Hoffmann-La Roche AG, Fresenius Medical Care AG & Co. KGaA, GE HealthCare Technologies Inc., Hamilton Medical AG, Invacare Corporation, Johnson & Johnson Services, Inc., Koninklijke Philips N.V., Lifepoint Health, Inc., Linde PLC, Löwenstein Medical Technology GmbH + Co. KG., Medline Industries, LP, Medtronic PLC, Omron Corporation, RENAFAN GmbH, Roma Medical Aids Limited, Skylight Health Group, Sunrise Medical, Inc., UnitedHealth Group, and Vitalograph Limited.

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Home Healthcare Market, by Component
7. Home Healthcare Market, by Product
8. Americas Home Healthcare Market
9. Asia-Pacific Home Healthcare Market
10. Europe, Middle East & Africa Home Healthcare Market
11. Competitive Landscape
12. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Home Healthcare Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Home Healthcare Market?
3. What is the competitive strategic window for opportunities in the Home Healthcare Market?
4. What are the technology trends and regulatory frameworks in the Home Healthcare Market?
5. What is the market share of the leading vendors in the Home Healthcare Market?
6. What modes and strategic moves are considered suitable for entering the Home Healthcare Market?

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