HOUSTON, Nov. 16, 2022 (GLOBE NEWSWIRE) -- Data Bridge Market Research completed a qualitative study titled "Home Healthcare Market" with 100+ market data tables, pie charts, graphs, and figures spread across Pages and an easy-to-grasp full analysis. This Home Healthcare market report considers various factors that have a direct or indirect effect on the development of the business which includes historic data, present market trends, environment, technological innovation, upcoming technologies, and the technical progress in the Home Healthcare industry. Important industry trends, market size, and market share are analyzed and discussed in detail in this Home Healthcare market research report. By understanding the minds of target markets, attitudes, feelings, beliefs, and value systems, this market research report has been prepared. The report makes you visualize what the Home Healthcare industry is doing which lends more credibility and trust.
Data Bridge Market Research analyses that the home healthcare market which was USD 99,236.36 million in 2021, would rocket up to USD 189193 million by 2029, and is expected to undergo a CAGR of 8.4% during the forecast period from 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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In-home care settings, the home healthcare industry encompasses a wide range of healthcare services for disease. Home healthcare aims to treat injuries and enhance the patient's overall health. These services are more convenient and less expensive and effective for chronic diseases, the elderly, nutrition therapy, and the patient's critical illness.
Market growth is predicted to be fueled by a growing geriatric population and increased incidence of target diseases such as dementia and Alzheimer's, as well as orthopaedic diseases. Governments and health groups are concerned about rising treatment costs and are working to reduce healthcare prices. Home health care is a less expensive alternative to a hospital stay.
The Global Market Is Analyzed in Depth in the Latest Study. Taking into account the current level of competition and its projected evolution over the next few years.
Rapidly increasing demands, a rise in industrialization, consumer awareness, growing sectors, and technical improvements are fueling the expansion of the global Home Healthcare market. Sales and revenue in this sector have increased at an exponential rate. The market's size and growth are both expected to increase thanks to the factors driving the market's expansion over the projected period.
Leading businesses in the worldwide Home Healthcare market are investing heavily in R&D in order to build a larger client base and expand their share of the market by reintroducing improved products to consumers. All of the companies' strategy, as well as their financial health, revenue, gross margin, and growth rate, are detailed in the study.
Fundamental Aim of Home Healthcare Market Report
In the Home Healthcare Industry, every company has goals, but this report focus in on the most important ones, allowing you to gain insight into the competition, the future of the market, potential new products, and other useful information that can boost your sales significantly.
- Factors influencing the Home Healthcare market's size and growth rate.
- Major alterations to the Home Healthcare Market in the near future.
- Notable Market rivals around the world.
- The Home Healthcare Market's Future Scope and Product Outlook
- Future-promising emerging markets.
- The Market Presents Difficult Challenges and Threats.
- Sales data and profiles of the world's leading HOME HEALTHCARE Players
The Home Healthcare Market is Dominated by Firms Such as
- Koninklijke Philips N.V. (U.S)
- Omron Healthcare, Inc. (Japan)
- Air Liquide (France)
- B. Braun Melsungen AG (Germany)
- Medtronic (Ireland)
- Davita Inc. (U.S)
- CARDINAL HEALTH (U.S)
- Sunrise Medical (U.S)
- General Electric (U.S)
- A&D Company, Limited (Japan)
- BAYADA Home Health Care (U.S)
- Invacare Corporation (U.S)
- Philips Healthcare (Netherlands)
- Fresenious SE & Co KGaA (Germany)
- GE Healthcare (U.K.)
- Baxter (U.S.)
- F. Hoffmann-La Roche Ltd (Switzerland)
- Bupa Home Healthcare, Ltd (U.K.)
- Healthcare at Home (U.K.)
- Linde plc (Germany
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Recent Development
In March 2019, By acquiring HB Healthcare, ResMed solidified its position as the market leader in Korea (HBH). HB Healthcare Safety is a home medical equipment manufacturer established in Korea that provides coaching and technology to patients and healthcare practitioners.
Opportunities for Key Players:
The ageing population, the increased incidence of target diseases such dementia and Alzheimer's, and orthopaedic ailments are likely to drive market expansion. Governments and health groups are concerned about rising treatment costs and are working to reduce healthcare prices. Home health care is a less expensive alternative to a hospital stay.
Portable gadgets including heart rate monitors, respiratory assistance, and blood glucose monitors have enhanced the efficiency and effectiveness of lifestyle disease home care. Another important factor influencing the market is value-based healthcare. The central government provides either partial or entire coverage for in-home services in most developed and developing countries.
Key Market Segments Covered in Home Healthcare Industry Research
By Type
- Diagnostic
- Mobility assist
By Disease
- Chronic obstructive
- Pulmonary disease
- Diabetes
- Hypertension
- Smoking
- Depression
- Heart diseases
- Dementia / Alzheimer's diseases
- Obesity
- Infectious diseases (HIV/AIDS)
- Bone and joint diseases
By Distribution Channel
- Direct Tenders
- Retail Sales
By Key Growth Drivers:
- Rising research and development (R&D) investments
The introduction of newer technologies into this market has significantly increased the current communication flow between patients and healthcare providers, allowing for better, faster, and more effective care. Remote patient monitoring, for example, is based on the successful integration of medical devices and information and communication technology (ICT) and the delivery of healthcare over large distances, which ultimately drives the market growth.
- The rise in demand for home healthcare
This is due to the increased convenience of non-skilled labour, caretakers, services, physicians, and various home healthcare equipment in homecare settings, as well as a growth in healthcare expenditures at hospital premises in the region.
- Rising number of elderly people and technological advancements
Over the last decade, the European home healthcare sector has grown significantly. The rising expense of healthcare, which has transferred healthcare focus from hospitals to the home, has been a key reason for the market's rise. Government initiatives to boost home healthcare are propelling the sector even faster.
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Home Healthcare Market Regional Analysis/Insights:
The countries covered in the home healthcare market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the global home healthcare market as an aware regional population demands home care for its geriatrics and chronically ill.
Asia-Pacific (APAC) region is expected to witness fastest growth in the future as awareness about home care rises among a society that is growing increasingly nuclear in its family setup.
This Market Intelligence Report Analyses Some of the Most Crucial Concerns:
- How will the major segments of this international market develop over the next few years?
- Who are the major players that will dominate the market in the future?
- When it comes to this industry, who are the top suppliers and producers?
- How have the most successful companies in the industry planned for future growth and expansion?
- In what sectors might we expect to see the greatest increase in demand over the coming years?
- How many distinct subsets of buyers make up this market?
- Which regional powerhouse do you foresee as becoming the largest player in the international market?
- Does a new coronavirus pandemic have any consequences?
- In what ways are established actors stymied by the entry of newcomers, and how may they be overcome?
Table of Contents:
- Introduction
- Market Segmentation
- Executive Summary
- Premium Insights
- Global Home Healthcare Market: Regulations
- Market Overview
- Global Home Healthcare Market, By Type
- Global Home Healthcare Market, By Disease
- Global Home Healthcare Market, By Distribution Channel
- Global Home Healthcare Market, By Region
- Global Home Healthcare Market: Company Landscape
- SWOT Analyses
- Company Profile
- Questionnaires
- Related Reports
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Explore More Reports:
- North America Home Healthcare Market By Type (Devices, Services, Software), Disease (Heart Diseases, Hypertension, Bone and Joint Diseases, Diabetes, Chronic Obstructive Pulmonary Diseases, Obesity, Dementia/Alzheimer's Diseases, Infective Diseases (HIV/AIDS), Parkinson’s Diseases, Smoking, Asthma, Depression), Distribution Channel (Direct Tenders, Retail Sales), Country (U.S., Canada, Mexico) https://www.databridgemarketresearch.com/reports/north-america-home-healthcare-market
- Asia-Pacific Home Healthcare Market, By Product Type (Therapeutic, Diagnostic, and Mobility Assist), Indication (Cancer, Respiratory Diseases, Mobility Disorders, Cardiovascular Disorders, Pregnancy, Wound Care, Diabetes, and Other Indications), and Service (Skilled Nursing, Rehabilitation Therapy, Hospice and Palliative Care, Unskilled Care, Respiratory Therapy, Infusion Therapy, and Pregnancy Care) https://www.databridgemarketresearch.com/reports/asia-pacific-home-healthcare-market
- Unskilled Home Healthcare Market, By Products (Patient Diagnosis/Treatment Devices, Assistive Technology Based Devices, Enteral Feeding Device, Others), Type (Devices, Services, Software), Disease (Heart Diseases, Hypertension, Bone and Joint Diseases, Diabetes, Chronic Obstructive Pulmonary Diseases, Obesity, Dementia/Alzheimer's Diseases, Infective Diseases (HIV/AIDS), Parkinson’s Diseases, Smoking, Asthma, Depression), Distribution Channel (Direct Tenders, Retail Sales) https://www.databridgemarketresearch.com/reports/global-unskilled-home-healthcare-market
- Middle East and Africa Home Healthcare Market, By Type (Devices, Services, Software), Disease (Heart Diseases, Hypertension, Bone and Joint Diseases, Diabetes, Chronic Obstructive Pulmonary Diseases, Obesity, Dementia/Alzheimer's Diseases, Infective Diseases (HIV/AIDS), Parkinson’s Diseases, Smoking, Asthma, Depression), Distribution Channel (Direct Tenders, Retail Sales) https://www.databridgemarketresearch.com/reports/middle-east-and-africa-home-healthcare-market
- Pediatric Home Healthcare Market, By Service (Skilled Nursing Services, Personal Care Assistance, Rehabilitation Therapy Services), Indication (Cancer, Respiratory Diseases, Cardiovascular Diseases Wound Care, Hearing Disorders, Others), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa) https://www.databridgemarketresearch.com/reports/global-pediatric-home-healthcare-market
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- Europe Home Healthcare Market, By Type (Devices, Services, Software), Disease (Heart Diseases, Hypertension, Bone and Joint Diseases, Diabetes, Chronic Obstructive Pulmonary Diseases, Obesity, Dementia/Alzheimer's Diseases, Infective Diseases (HIV/AIDS), Parkinson’s Diseases, Smoking, Asthma, Depression), Distribution Channel (Direct Tenders, Retail Sales) https://www.databridgemarketresearch.com/reports/europe-home-healthcare-market
- Smart Home Healthcare Market, By Technology (Wired and Wireless), Product (Testing, Screening and Monitoring Products, Therapeutic Products and Mobile Care Products), Service (Skilled Nursing Services, Rehabilitation Therapy Services, Hospice and Palliative Care Services, Unskilled Care Services, Respiratory Therapy Services, Infusion Therapy Services and Pregnancy Care Services), Indication (Cardiovascular Disorders and Hypertension, Diabetes, Respiratory Diseases, Pregnancy, Mobility Disorders, Hearing Disorders, Cancer, Wound Care and Other Indications), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) https://www.databridgemarketresearch.com/reports/global-smart-home-healthcare-market
- Home Healthcare Software Market, By Equipment (Monitoring Equipment, Therapeutic Equipment, Mobility Assist, Others), Deployment (On-Premise, Web-based, Cloud based), Mode ( PC/Laptop, Handheld Devices/Smartphones), Service (Rehabilitation, Infusion Therapy, Respiratory Therapy, Pregnancy Care, Skilled Nursing, Palliative Care, Others), Software (Agency Software, Clinical Management Systems, Hospice Solutions Applications, Telehealth solutions), End User (Homecare Agencies, Hospice Care, Private Duty Agencies, Rehabilitation Centres/Therapy Centres), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) https://www.databridgemarketresearch.com/reports/global-home-healthcare-software-market
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