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Home Healthcare Market Size, Segmentation, Opportunities, Trends, Growth and Industry Forecast To 2022

Home Healthcare Market

Overview:

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%.

The report is forecasted from 2020.

The base year of this report is 2021.

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Executive Summary - Brief Global Market Size - Current & Forecast
Regional Market Size - North America
Country Market Size - US
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Published Date:  May 2016
Category:  Medical Devices
Report ID:   57856
Report Format:   PDF
Pages:   120
Rating:    4.3 (55)
Delivery Time: 24 Hours to 48 Hours   
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