Home Healthcare Market Revenue Poised for Significant Growth During the Forecast Period of 2020-2030
The Home Healthcare Market report further sheds light on the emerging growth opportunities, challenges, market threats, limitations, and factors likely to restrict the growth of the Home Healthcare Market. The report further discusses in detail the market in international waters and the emerging trends in those regions. It also offers insights into the competitive landscape, market drivers, industrial scenario, and the latest product and technological developments to offer a comprehensive overview of the Home Healthcare Market landscape.
The global home healthcare market size was USD 198.78 Billion in 2021 and is expected to register a revenue CAGR of 8.3%, during the forecast period, according to the latest analysis by Emergen Research. Home healthcare market revenue growth is primarily driven by factors such as rising incidence of chronic diseases such as diabetes, cardiovascular disease, and hypertension and increasing technological advancements in-home healthcare products.
Moreover, rising demand for telehealthcare services and virtual consultancy services for advice from healthcare experts without visiting clinics physically are some other factors driving revenue growth of the market.
COVID-19 Impact Analysis:
This report is the latest document encompassing the massive changes that took place in the Home Healthcare market following the emergence of the COVID-19 pandemic. The pandemic has drastically affected the global economic landscape, thereby disrupting the operating mechanism of the Home Healthcare market. The severe global crisis has prompted organizations to efficiently respond to the rapidly shifting business environment. Therefore, the report fully covers the profound impact of COVID-19 on this industry, with a special focus on the affected industry segments. However, the market is expected to regain momentum in the post-COVID-19 era. The report also offers an initial and future impact assessment of the pandemic on the Home Healthcare industry. Hence, the vital COVID-19 insights offered by the report are expected to help organizations manage their businesses effectively in extreme economic uncertainties.
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Some Key Highlights in the Report
- The respiratory equipment segment revenue is expected to register a substantially rapid revenue CAGR during the forecast period. This is due to increasing prevalence of respiratory diseases globally that can be attributed to growth in air pollution and surge in consumption of cigarettes. In addition, a rise in cost of conventional healthcare services has led to growing popularity of home healthcare services.
- The hospice & palliative care services segment is expected to register a robust revenue growth rate over the forecast period due to rise in aging population and incidences of life-threatening diseases among aging population.
- The North America market is expected to account for largest revenue share over the forecast period. Increasing number of long-term diseases including Parkinson’s disease and dementia as well as neurological conditions, such as hypertension, diabetes, and cardiovascular disease, is expected to contribute to revenue growth of the market. In addition, there is a robust presence of major market players, such as Amedisys Inc., Kindred Healthcare, LLC., Medline Industries, Inc., and AccentCare, Inc., in countries in this region.
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Global Home Healthcare Market Report – Table of Contents:
Chapter 1: includes the global Home Healthcare market introduction, followed by the market scope, product offerings, growth opportunities, market risks, driving forces, and others.
Chapter 2: broadly categorizes the Home Healthcare market on the basis of geography, and determines the sales, revenue, and market shares of each region over the estimated period.
Chapter 3: elaborates on the competitive outlook of the Home Healthcare market, focusing on the major manufacturers and vendor landscape.
Chapter 4: exhaustively studies the key manufacturers of the Home Healthcare industry, along with their anticipated sales and revenue shares.
Chapters 5: includes market segmentation based on product type, application range, and market players.
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The global Home Healthcare market has been categorized on the basis of key geographical regions into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. It evaluates the presence of the global Home Healthcare market in the major regions with regards to market share, market size, revenue contribution, sales network and distribution channel, and other key elements.
- Regional Outlook (Revenue, USD Billion, 2019–2030)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
- North America
Leading companies profiled in the report:
McKesson Medical-Surgical, Inc., Fresenius Medical Care AG, and Co., Medline Industries, Inc., AccentCare Inc., Kindred Healthcare, LLC. (LifePoint Health, Inc.), Amedisys Inc., LHC Group Inc., The 3M Company, Arkray, Inc., and Baxter International Inc.
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Global Home Healthcare Market Segmentation:
Emergen Research has segmented the global home healthcare market based on product, services, ailments, and region:
- Product Outlook (Revenue, USD Billion, 2019–2030)
- Diagnostic Devices
- Vital Sign Monitoring Devices
- Weight Monitoring Devices
- Glucose Monitoring Devices
- Health Maintenance Device
- Geriatric Assistance Devices
- Nutrition Management Devices
- Air Quality Devices
- Locomotive Assistance Devices
- Automated Wheelchair
- Walking Assist Devices
- Home pregnancy & Fertility Kits
- Drug Delivery Devices
- Dialysis Products
- Respiratory Equipment
- Oxygen Therapy Equipment
- Diagnostic Devices
- Service Outlook (Revenue, USD Billion, 2019–2030)
- Rehabilitation Services
- Infusion Therapy Services
- Unskilled Care Services
- Respiratory Therapy Services
- Pregnancy Care Services
- Skilled Nursing Services
- Hospice & Palliative Care Services
- Ailments Outlook (Revenue, USD Billion, 2019–2030)
- Chronic Obstructive Pulmonary Disorder
- Cardiovascular Diseases
- Parkinson’s Disease
- Bone & Joint Diseases
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