Older adults greatly benefit from home healthcare as it helps them stay independent for as long as possible in an injury or illness. Home healthcare covers a broad range of services and can possess the capability of delaying the need for long-term nursing home care. According to market experts, in the U.S., 12 million patients and more than 428 million patients visit annually, out of which 70% are using home healthcare services aged 65 and older. The age group beyond 65 years affects by the most common conditions such as heart disease, diabetes, and cerebral vascular diseases. Based on device type, the home healthcare market is segmented as therapeutic devices, diagnostic and screening devices, home mobility assistance devices, and medical supplies/ consumables.
Furthermore, the diagnostic and screening devices segment comprises heart rate monitors, blood pressure monitors, temperature monitors, pregnancy test kits, pedometers, coagulation monitors, pulse oximeters, sleep apnea monitors, and blood glucose monitors. The therapeutic devices segment is further segmented into ventilators, insulin delivery devices, nebulizers, CPAP devices, IV equipment, and dialysis equipment. The home mobility assistance devices segment is sub-segmented as cranes, wheelchairs, crutches, and other mobility assist devices. Based on services, the home healthcare market is segmented as telehealth services, respiratory therapy services, rehabilitation services, infusion therapy services, and unskilled home healthcare services.
The home healthcare market is driven by an aging population, rising incidences of chronic diseases, and increasing healthcare costs are fueling the demand for affordable healthcare delivery systems, technological advancements, and government support measures to ensure the promotion of home healthcare. Moreover, patient safety concerns, altering reimbursement policies, and partial insurance coverage are major factors restricting the growth of this market. North America is anticipated to dominate the global home healthcare market due to encouraging reimbursement policies and a large number of small and large-scale healthcare service providers in the region, stimulating the growth of the home healthcare market. Europe was observed as the second largest home healthcare market after North America. The key factors responsible for the growth of the Europe home healthcare market are the high prevalence of lifestyle diseases such as cardiovascular diseases and diabetes and rising healthcare investments by the government to support the growth of the home healthcare market. The Asia-Pacific home healthcare market is expected to grow at the highest CAGR during the forecast period from 2016 to 2022. Rising healthcare expenditure, developing healthcare infrastructure, increasing public awareness associated with the diagnosis of lifestyle diseases, and disposable income.
The global home healthcare market is segmented on the following bases:
Type of Device
Diagnostic and Screening Devices
Blood Glucose Monitors
Heart Rate Monitors
Sleep Apnea Monitors
Pregnancy Test Kits
Pulse Oximeter
Blood Pressure Monitors
Temperature Monitors
Coagulation Monitors
Pedometers
Therapeutics Home Healthcare Devices
Nebulizers
Insulin Delivery Devices
Ventilator and Continuous Positive Airway Pressure (CPAP) Devices
Intravenous
Equipment
Dialysis Equipment
Home Mobility Assistance Devices
Cranes and Crutches
Wheelchairs
Other Home Mobility Assist Devices (Rollators, Walkers, and Mobility Scooters)
Medical Consumables
Type of Services
Telehealth Services
Respiratory Therapy Services
Infusion Therapy Services
Rehabilitation Services
Unskilled Home Healthcare Services
Geography
North America
US
Canada
Europe
UK
Germany
Rest of Europe
Asia-Pacific
Japan
China
Rest of APAC
Latin America
Middle East and Africa
Key Players Identified for Home Healthcare Market Include but are Not Limited to:
Hoffmann-La Roche Ltd, Bayer Healthcare, ResMed, Inc., Omron Healthcare, Inc., Cardinal Health, Teleflex Corporation, Johnson & Johnson, Abbott Laboratories, Gentiva Health Services, Inc., Phillips Healthcare, Medtronic, Inc, Praxair Technologies, Inc., GE Healthcare, Invacare Corporation, and others.
This report offers:
An overview of the global markets for home healthcare
Market trends assessment for the period 2014-2022, with historical information for 2014 & 2015 and projections through 2022, with respective CAGRS during 2016-2022
Qualitative assessment tools such as market drivers, challenges, and opportunities
Market competition scrutiny tools such as market share analysis, fractal map assessment, Porter’s Five Forces model
Focus on each level of market segmentation based on product approvals, launches, and current and anticipated market dynamics.
A general overview of the industry structure
Company profiles highlighting key information about the major players operating in the home healthcare market
Frequently asked questions :
The market for Home Healthcare Market is expected to reach US$ XX Bn by 2022.
The Home Healthcare Market is expected to see significant CAGR growth over the coming years, at XX%.
