Home Healthcare Market – Scenario
Market Research Future (MRFR)’s new study projects that the global home healthcare market is set to expand at a CAGR of 8.1% during the forecast period 2017 to 2023. The valuation of the global market is expected to reach USD 4, 14,681.2 Mn by the end of 2023.
Affordable healthcare services are a primary concern in the modern era. Efforts have been undertaken to provide the same and as an after effect of all these initiatives many new markets have emerged. The global market for home healthcare is the best example of this fact.
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The unavailability of trained professionals at the eleventh hour remains an impediment to the market expansion. However, the market participants are focusing on technological advancements that enable instant consultation with skilled professionals at crucial moments.
The future of the market looks attractive with technological innovations and government support paving the way for new growth opportunities.
Top Leading Industry Players
Koninklijke Philips N.V. (The Netherlands)
A&D Company (Japan)
Fresenius SE & Co KGaA (Germany)
Hoffmann-La Roche AG (Switzerland)
Braun Melsungen AG (Germany)
Becton Dickinson Company (U.S.)
GE Healthcare (U.S.)
McKesson Corporation (U.S.)
Omron Corporation (Japan)
LG Electronics (South Korea)
Kinnser Software (U.S.)
Medtronic PLC (U.S.)
Home Healthcare Market – Segmental Analysis
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.
Detailed Regional Analysis
The home healthcare market, by region, has been segmented into Americas, Europe, Asia Pacific, and the Middle East and Africa. Americas holds the major share of the global market and is poised to retain its pole position towards the end of the assessment period.
The factors that are favoring the proliferation of the home healthcare market in the region include the consolidation of key players, increasing healthcare expenditure, the large-scale prevalence of chronic diseases, growing government initiatives, etc.
The regional market encompasses North America and South America, out of which, North America’s home healthcare market is likely to exhibit a relatively higher growth rate over the next couple of years.
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Europe has secured the second spot in the global home healthcare market. It is expected to grow substantially in the forthcoming years due to the presence of well-developed technologies and increasing support from government and private organizations for research & development.
Asia Pacific is projected to strike the highest CAGR over the assessment period. The growth-inducing factors supporting the regional home healthcare market include growing geriatric population, huge patient pool, and availability of skilled labor force.
Meanwhile, the Middle East & Africa is prognosticated to account for the least share of the home healthcare market owing to the prevailing poor economic conditions, especially in the African region.
Some Points form TOC for Home Healthcare Market Research Report – Forecast to 2023
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.2 Scope of the Study
2.2.1 Research Objective
Chapter 3. Research Methodology
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
4.5 Macroeconomic Indicators
4.6 Technology Trends & Assessment
Chapter 5. Market Factor Analysis
5.1 Porters Five Forces Analysis
5.1.1 Bargaining Power of Suppliers
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