The reliable Home Healthcare Market research report gives insight into a broad variety of things that impact the business. It helps to know where the target audience and current customers conduct their product/ service research. Also, the competitor your target audience looks to for information, more options, or to make a purchase. Trends in the industry, influencer who makes up the market and their challenges can also be studied via the report. Moreover, it gives idea about what influences purchases and conversions among the target audience. Market segmentation research of the Home Healthcare Market report allows to categorize target audience into different groups (or segments) based on specific and defining characteristics.
Research analysts leverage their years of experience and expertise to produce accurate and error-free Home Healthcare Market document. The vision and liveliness of an expert team make work swift and help create the best research report. This marketing report works as a strong bridge between the business and the very crucial market information that can go waste otherwise. The core values such as trust, integrity, and authenticity has been kept at the centre while delivering this report to the client. The large scale Home Healthcare Marketsurvey report helps businesses dig up the right research when they need it the most.
Data Bridge Market Research analyses that the home healthcare market which was USD 99,236.36 million in 2021, would rocket up to USD 189193 million by 2029, and is expected to undergo a CAGR of 8.4% during the forecast period 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Market growth is predicted to be fueled by a growing geriatric population and increased incidence of target diseases such as dementia and Alzheimer’s, as well as orthopaedic diseases. Governments and health groups are concerned about rising treatment costs and are working to reduce healthcare prices. Home health care is a less expensive alternative to a hospital stay.
Short Segmentation:-
Global Home Healthcare Market, By Type (Devices, Services, Software), Disease (Heart Diseases, Hypertension, Bone and Joint Diseases, Diabetes, Chronic Obstructive Pulmonary Diseases, Obesity, Dementia/Alzheimer’s Diseases, Infective Diseases (HIV/AIDS), Parkinson’s Diseases, Smoking, Asthma, Depression), Distribution Channel (Direct Tenders, Retail Sales)– Industry Trends and Forecast to 2029
Market Definition
In homecare settings, the home healthcare industry encompasses a wide range of healthcare services for disease. Home healthcare aims to treat injuries and enhance the patient’s overall health. These services are more convenient and less expensive and effective for chronic diseases, the elderly, nutrition therapy, and the patient’s critical illness.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The home healthcare market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for home healthcare market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the home healthcare market. The data is available for historic period 2010-2020.
Competitive Landscape and Home Healthcare Market Share Analysis
The home healthcare market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to home healthcare market.
According to Data Bridge Market Research, home healthcare market in North America region has the highest market share followed by Europe and Asia-Pacific. The market leader Koninklijke Philips N.V. accounts an estimated market share of approximately 30% to 35% in home healthcare market. The revenue of Koninklijke Philips N.V. has increased nearly by 2% from 2018 to 2019. 810.10 million 2019 as compared to 2018.
- In August 2016, Koninklijke Philips N.V. (Netherlands) and Qualcomm Technologies, Inc. (U.S.) entered into strategic collaboration. With the collaboration the company helped to prevent from chronic care management and also provide healthy living.
Major Players
- Koninklijke Philips N.V. (U.S)
- Omron Healthcare, Inc. (Japan)
- Air Liquide (France)
- B. Braun Melsungen AG (Germany)
- Medtronic (Ireland)
- Davita Inc. (U.S)
- CARDINAL HEALTH (U.S)
- Sunrise Medical (U.S)
- General Electric (U.S)
- A&D Company, Limited (Japan)
- BAYADA Home Health Care (U.S)
- Invacare Corporation (U.S)
- Philips Healthcare (Netherlands)
- Fresenious SE & Co KGaA (Germany)
- GE Healthcare (U.K.)
- Baxter (U.S.)
- F. Hoffmann-La Roche Ltd (Switzerland)
- Bupa Home Healthcare, Ltd (U.K.)
- Healthcare at Home (U.K.)
- Linde plc (Germany)
Table of Contents:
- Introduction
- Market Segmentation
- Market Overview
- Executive Summary
- Premium Insights
- By Component
- Product Type
- Delivery
- Industry Type
- Geography
- Overview
- North America
- Europe
- Asia-Pacific
- South America
- Middle East & Africa
- Company Landscape
- Company Profiles
- Related Reports
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Home Healthcare Market Dynamics
Drivers
- Rising research and development (R&D) investments
The introduction of newer technologies into this market has significantly increased the current communication flow between patients and healthcare providers, allowing for better, faster, and more effective care. Remote patient monitoring, for example, is based on the successful integration of medical devices and information and communication technology (ICT) and the delivery of healthcare over large distances, which ultimately drives the market growth.
- Rise in demand for home healthcare
This is due to the increased convenience of non-skilled labour, caretakers, services, physicians, and various home healthcare equipment in homecare settings, as well as a growth in healthcare expenditures at hospital premises in the region.
- Rising number of elderly people and technological advancements
Over the last decade, the European home healthcare sector has grown significantly. The rising expense of healthcare, which has transferred healthcare focus from hospitals to the home, has been a key reason for the market’s rise. Government initiatives to boost home healthcare are propelling the sector even faster.
Opportunities
The ageing population, the increased incidence of target diseases such dementia and Alzheimer’s, and orthopaedic ailments are likely to drive market expansion. Governments and health groups are concerned about rising treatment costs and are working to reduce healthcare prices. Home health care is a less expensive alternative to a hospital stay.
Portable gadgets including heart rate monitors, respiratory assistance, and blood glucose monitors have enhanced the efficiency and effectiveness of lifestyle disease home care. Another important factor influencing the market is value-based healthcare. The central government provides either partial or entire coverage for in-home services in most developed and developing countries.
COVID-19 Impact on Home Healthcare Market
As COVID-19 continues to wreak havoc on health-care facilities, the need for home-based treatment is rapidly increasing. The COVID-19 pandemic has had a mixed impact on the European home healthcare market. Blood glucose monitors, blood pressure monitors, pulse oximeters, and temperature monitors are among the home healthcare monitoring products that are becoming more popular. However, many other businesses and service providers have seen a drop in sales as a result of industrial operations ceasing and supply networks being disrupted. However, this slowdown is only projected to last a short time, as the economy gradually recovers following the lockdown. In addition, increased collaboration between service providers is creating lucrative industry growth potential.
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Home Healthcare Market Development
- In July 2018, OMRON Healthcare Inc. acquired 3A Health Care s.r.l., who is a leader in the production and development of surgical aspirators and specialized aerosol therapy devices. It will help the company to prevent and treat airway diseases.
- In March 2019, By acquiring HB Healthcare, ResMed solidified its position as the market leader in Korea (HBH). HB Healthcare Safety is a home medical equipment manufacturer established in Korea that provides coaching and technology to patients and healthcare practitioners.
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