New York, NY, Feb. 23, 2021 (GLOBE NEWSWIRE) -- Facts and Factors have published a new research report titled “Home Healthcare Market By Product (Diagnostics and Monitoring Home Devices, Therapeutics Home Healthcare Devices, Home Mobility Assist Devices, and Medical Supplies), By Services (Rehabilitation Services, Telehealth, and Telemedicine Services, Infusion Therapy Services, Respiratory Therapy Services, and Unskilled Home Healthcare Services), By Software (Clinic Management Systems, Agency Management Software, and Hospice Solutions), and By Region: Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026”.
“According to the research study, the global Home Healthcare Market was estimated at USD 281.10 Billion in 2019 and is expected to reach USD 454.34 Billion by 2026. The global Home Healthcare Market is expected to grow at a compound annual growth rate (CAGR) of 7.10% from 2019 to 2026”.
The growing geriatric population has increased the prevalence of chronic diseases such as Alzheimer’s, dementia, and orthopedic conditions, thereby increasing the demand for the Home Healthcare market. In addition to this, the rising demand for value-based healthcare is expected to further fuel the growth of the market during the forecast period. Furthermore, the growing demand for more healthcare services and healthcare workers& agencies is anticipated to drive market growth. The Home Healthcare market is set to grow significantly owing to the rising demand for home health and personal healthcare aides in developed and developing countries. The complete or partial in-home service coverage by the government further helps augment the market growth. The demand for improved patient outcomes at a low cost is likely to propel the Home Healthcare market growth.
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Our Free Sample Report Includes:
- 2020 Updated Report Introduction, Overview, and In-depth industry analysis
- COVID-19 Pandemic Outbreak Impact Analysis Included
- 190+ Pages Research Report (Inclusion of Updated Research)
- Provide Chapter-wise guidance on Request
- 2020 Updated Regional Analysis with Graphical Representation of Size, Share & Trends
- Includes Updated List of table & figures
- Updated Report Includes Top Market Players with their Business Strategy, Sales Volume, and Revenue Analysis
- Facts and Factors research methodology
(Note: The sample of this report is updated with COVID-19 impact analysis before delivery)
Key Questions Answered in this Report
1) What was the impact of COVID-19 on the Home Healthcare Market?
2) What is the market size, share of the Home Healthcare Market?
3) Who are the top market players in Home Healthcare Market?
4) What will be the future market of the Home Healthcare Market?
Key Offerings:
- Market Size & Forecast by Revenue | 2020−2026
- Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities
- Market Segmentation – A detailed analysis by product, by types, end-user, applications, segments, and geography
- Competitive Landscape – Top key vendors and other prominent vendors
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Impact Analysis of COVID-19 Pandemic on Businesses: Know Short Term and Long Term Impact
Most of the businesses are facing a growing litany of business-critical concerns related to the coronavirus outbreak, including supply chain disruptions, a risk of a recession, and a potential drop in consumer spending. All these scenarios will play out differently across various regions and industries, making accurate and timely market research more essential than ever.
We at Facts and Factors (http://www.fnfresearch.com) understand how difficult it is for you to plan, strategize, or make business decisions, and as such, we have your back to support you in these uncertain times with our research insights. Our team of consultants, analysts, and experts has developed an analytical model tool for markets that helps us to assess the impact of the virus more effectively on the industrial markets. We are further implementing these insights into our reports for a better understanding of our clients.
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Market Segment Dominance:
- Therapeutic home healthcare devices category dominated the market
The therapeutics home healthcare devices hold the majority of the market share of the global Home Healthcare market during the forecast period. The increasing prevalence of chronic diseases such as Alzheimer’s disease, chronic or acute respiratory illnesses, end-stage renal disease (ESRD), and others have surged the demand for the latest device treatments. In addition to this, low-cost service charges are another factor propelling the demand for therapeutic home healthcare devices.
- Rehabilitation services are expected to lead the market during the forecast period
Rehabilitation services held the majority of the market share and are expected to expand during the forecast period due to the surging demand for skilled nurses providing rehabilitation services.
- Clinic management systems are projected to dominate the global Home Healthcare market.
The clinic management systems are expected to lead in the software segment owing to their superior features such as providing one solution for the agencies. On the other hand, the agency management software highest growth due to its high utilization in billing, roaster scheduling, maintaining records, patient remote monitoring, and associated with the business.
Top Market Players
- Air Liquide
- Amedisys
- Koninklijke Philips N.V.
- Arcadia
- Home Health Care Inc
- Davita Inc
- Diaverum
- Home Healthcare Solutions Company LLC
- National HealthCare Corporation and PORTEA MEDICAL
- Apple Home Healthcare
- Kindred Healthcare LLC
- LHC Group Inc.
- OMRON Corporation
- B. Braun Melsungen AG
- Air Liquide
- BPL Medical Technologies
- CARDINAL HEALTH and Sunrise Medical LLC
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The growing geriatric population has increased the prevalence of chronic diseases such as Alzheimer’s, dementia, and orthopedic conditions, thereby increasing the demand for the Home Healthcare market. In addition to this, the rising demand for value-based healthcare is expected to further fuel the growth of the market during the forecast period. Furthermore, the growing demand for more healthcare services and healthcare workers & agencies is anticipated to drive market growth. The Home Healthcare market is set to grow significantly owing to the rising demand for home health and personal healthcare aides in developed and developing countries. The complete or partial in-home service coverage by the government further helps augment the market growth. The demand for improved patient outcomes at a low cost is likely to propel the Home Healthcare market growth.
The global Home Healthcare market research report delivers an acute valuation and taxonomy of the Home Healthcare industry by practically splitting the market on the basis of different products, software, and services, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026.
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The global Home Healthcare market is segmented based on Product, Software, and Services. By product, the global Home Healthcare market is segmented into Diagnostics and Monitoring Home Devices, Therapeutics Home Healthcare Devices, Home Mobility Assist Devices, and Medical Supplies. On the basis of services, the market is divided into Rehabilitation Services, Telehealth and Telemedicine Services, Infusion Therapy Services, Respiratory Therapy Services, and Unskilled Home Healthcare Services. In terms of software, the market for home healthcare is sectored (Clinic Management Systems, Agency Management Software, and Hospice Solutions.
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Regional Dominance:
- North America dominates the global Home Healthcare market
North America is expected to hold the largest market share owing to the high demand for home healthcare in the region. The shift toward in-home healthcare from the nursing home coupled with technological advancement will further augment the Home Healthcare market in North America. Additionally, the presence of advanced medical infrastructure, increasing patient awareness, high healthcare spending, and the enactment of an efficient regulatory framework are also fueling the market in the region.
Browse the full “Home Healthcare Market By Product (Diagnostics and Monitoring Home Devices, Therapeutics Home Healthcare Devices, Home Mobility Assist Devices, and Medical Supplies), By Services (Rehabilitation Services, Telehealth, and Telemedicine Services, Infusion Therapy Services, Respiratory Therapy Services, and Unskilled Home Healthcare Services), By Software (Clinic Management Systems, Agency Management Software, and Hospice Solutions), and By Region: Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” report at https://www.fnfresearch.com/global-home-healthcare-market-by-product-diagnostics-and-791
This report segments the global Home Healthcare market as follows:
Global Home Healthcare Market: Product Segmentation Analysis
- Diagnostics and Monitoring Home Devices
- Therapeutics Home Healthcare Devices
- Home Mobility Assist Devices
- Medical Supplies
Global Home Healthcare Market: Services Segmentation Analysis
- Rehabilitation Services
- Telehealth and Telemedicine Services
- Infusion Therapy Services
- Respiratory Therapy Services
- Unskilled Home Healthcare Services
Global Home Healthcare Market: Software Segmentation Analysis
- Clinic Management Systems
- Agency Management Software
- Hospice Solutions
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