The global home healthcare market size was USD 198.78 Billion in 2021 and is expected to register a revenue CAGR of 8.3%, during the forecast period, according to the latest analysis by Emergen Research. Home healthcare market revenue growth is primarily driven by factors such as rising incidence of chronic diseases such as diabetes, cardiovascular disease, and hypertension and increasing technological advancements in-home healthcare products.
The report further emphasizes the developmental strategies undertaken by these companies, including product innovation, new product launches, and technological upgradation. Moreover, the report studies the notable business events observed in this industry, such as mergers & acquisitions, joint ventures, partnerships, corporate deals, and brand promotions.
However, home healthcare market growth is expected to be hampered by a lack of comprehensive government reimbursement policy for home healthcare services in underdeveloped and some developing countries. Besides, lack of awareness about advanced technologies to monitor health and shortage of skilled workforce is expected to hamper market growth.
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Competitive Terrain:
The global Home Healthcare industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.
The leading market contenders listed in the report are:
McKesson Medical-Surgical, Inc., Fresenius Medical Care AG and Co., Medline Industries, Inc., AccentCare Inc., Kindred Healthcare, LLC., Amedisys Inc., LHC Group Inc., The 3M Company, Arkray, Inc., and Baxter International Inc
Some Key Highlights in the Report
- The respiratory equipment segment revenue is expected to register a substantially rapid revenue CAGR during the forecast period. This is due to increasing prevalence of respiratory diseases globally that can be attributed to growth in air pollution and surge in consumption of cigarettes. In addition, a rise in cost of conventional healthcare services has led to growing popularity of home healthcare services.
- The hospice & palliative care services segment is expected to register a robust revenue growth rate over the forecast period due to rise in aging population and incidences of life-threatening diseases among aging population.
- The North America market is expected to account for largest revenue share over the forecast period. Increasing number of long-term diseases including Parkinson's disease and dementia as well as neurological conditions, such as hypertension, diabetes, and cardiovascular disease, is expected to contribute to revenue growth of the market. In addition, there is a robust presence of major market players, such as Amedisys Inc., Kindred Healthcare, LLC., Medline Industries, Inc., and AccentCare, Inc., in countries in this region.
Key market aspects studied in the report:
Market Scope: The report explains the scope of various commercial possibilities in the global Home Healthcare market over the upcoming years. The estimated revenue build-up over the forecast years has been included in the report. The report analyzes the key market segments and sub-segments and provides deep insights into the market to assist readers with the formulation of lucrative strategies for business expansion.
Competitive Outlook: The leading companies operating in the Home Healthcare market have been enumerated in this report. This section of the report lays emphasis on the geographical reach and production facilities of these companies. To get ahead of their rivals, the leading players are focusing more on offering products at competitive prices, according to our analysts.
Report Objective: The primary objective of this report is to provide the manufacturers, distributors, suppliers, and buyers engaged in this sector with access to a deeper and improved understanding of the global Home Healthcare market.
Market Segmentations of the Home Healthcare Market
This market is segmented based on Types, Applications, and Regions. The growth of each segment provides accurate forecasts related to production and sales by Types and Applications, in terms of volume and value for the period between 2022 and 2030. This analysis can help readers looking to expand their business by targeting emerging and niche markets. Market share data is given on both global and regional levels. Regions covered in the report are North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Research analysts assess the market positions of the leading competitors and provide competitive analysis for each company. For this study, this report segments the global Home Healthcare market on the basis of product, application, and region:
Emergen Research has segmented the global home healthcare market based on product, services, ailments, and region:
Product Outlook (Revenue, USD Billion, 2019–2030)
- Diagnostic Devices
- Vital Sign Monitoring Devices
- Weight Monitoring Devices
- Glucose Monitoring Devices
- Health Maintenance Device
- Geriatric Assistance Devices
- Nutrition Management Devices
- Air Quality Devices
- Locomotive Assistance Devices
- Automated Wheelchair
- Walking Assist Devices
- Home pregnancy & Fertility Kits
- Drug Delivery Devices
- Pumps
- Syringes
- Dialysis Products
- Continuous
- Automated
- Respiratory Equipment
- Ventilators
- Nebulizers
- Oxygen Therapy Equipment
Service Outlook (Revenue, USD Billion, 2019–2030)
- Rehabilitation Services
- Infusion Therapy Services
- Unskilled Care Services
- Respiratory Therapy Services
- Pregnancy Care Services
- Skilled Nursing Services
- Hospice & Palliative Care Services
Ailments Outlook (Revenue, USD Billion, 2019–2030)
- Chronic Obstructive Pulmonary Disorder
- Diabetes
- Hypertension
- Asthma
- Depression
- Cardiovascular Diseases
- Dementia
- Parkinson’s Disease
- Bone & Joint Diseases
Major Geographies Analyzed in the Report:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
About Us:
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
