Home Healthcare Market – Summary
The demand for home healthcare is witnessing an unprecedented rise in the last few years as people nowadays are opting more for the same over traditional hospital check-ins. This has opened up a different market altogether which can grow alongside hospitals and requires similar supplies. Market Research Future’s (MRFR) predictions promise an impressive growth for home healthcare during the forecast period (2017-2023) with almost a double valuation as a target in sight.
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Report Overview:
The report covers the latest trends affecting the market to provide the most accurate forecasts and predictions. By correlating the historical data with key market dynamics, our analysts can make highly astute projections. MRFR’s report includes a thorough analysis of the global home healthcare market segmented by product, service, software, and region.
Trends and opportunities are highlighted coupled with the market share of companies as well as their valuation in the market. It analyzes new revenue sources for players and outlines the various strategies implemented by players.
Top Players:
The Global Home Healthcare Market is driven by some of the leading players operating in the market including
GE Healthcare
Abbott
Becton Dickinson Company
Apple
Omron Corporation
Medtronic PLC
LG Electronics and more.
Industry/ Innovation/ Related News:
June 05, 2018 – Zoctr Health Pvt. Ltd. (India), a start-up allowing users to buy health-related services and home-based wellness packages online, announced that it has raised yet another funding round from Dubai-based NB Ventures Ltd. and Udaipur Angel Network (a host of angel investors). With this round, the total funds raised by Zoctr has crossed US$ 2 Mn.
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Global Home Healthcare Market – Regional Analysis
Globally, the North America market dominates the Home Healthcare market. Factors such as rising geriatric population coupled with the increasing healthcare expenditures, and the growing awareness among people towards the advantages of Home Healthcare drives the market growth in the region.
The Europe market accounts for the second-largest market for Home Healthcare owing to the proliferation of healthcare sector, presence of well-established players and growing healthcare expenditures in the region. Certainly, the resurging economy is the main driving force increasing the market value in the region.
The Asia Pacific Home Healthcare market emerging as the fastest growing market accounts for a substantial market share on the global platform. Factors such as the proliferation of healthcare sector in populous countries such as India and China substantiate the market growth in the region.
Also, factors such as increasing geriatric populace, growing awareness about the healthcare, influence the market growth positively. Asia Pacific is expected to grow at 8.7% CAGR during the assessment period (2018-2023).
Home Healthcare Market – Segmentation
The Home Healthcare Market can be segmented into flour key dynamics for the convenience of the report and enhanced understanding;
By Product: Testing, Screening & Monitoring(Blood Glucose, Cholesterol & Pressure Monitors, sleep Apnea monitors, Pulse Oxi-meters & Heart rate Monitors, and Holter & Event Monitors, among others.), and Therapeutic Products (Insulin Delivery Devices, Respiratory Therapy Equipment, IV Equipment, Dialysis Equipment, Wound Care Products, among others.)
By Software: Clinical Management Systems, Tele-Health Solution, Agency Software, and Hospice Solutions among others.
By Services:Skilled Nursing Services, Unskilled Care Services, Rehabilitation Therapy Services, Respiratory Therapy Services, Pregnancy Care Services, and Infusion Therapy Services among others.
By Regions: Comprises Geographical regions – North America, Europe, APAC and Rest of the World.
The Testing, Screening, & Monitoring segment is estimated to acquire 47.7% of the market share, expanding at 8.5% CAGR during the forecast period 2017-2023.
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