The adoption of home healthcare is increasing around the world at a significant level. The size of the Global Home Healthcare Market to expand at a CAGR of 9.5% and will reach USD 465.64 billion by 2024.
Home care is supportive of home care, and Nursing can be done by a qualified healthcare professional who meets your medical needs, or by a professional caregiver who provides daily assistance to make sure that daily activities are my own. The Increasing medical costs, increasing demand for affordable treatment, chronic diseases, technological improvements in the pharmaceutical and medical science fields as well as the support from the Government for home health care leading the Home Healthcare Market.
In-home healthcare market, the agency management software to overgrow over the forecast period due to its increasing use in roaster planning, billing, remote patient monitoring, and operational record keeping. According to the World Health Organization (WHO), there will be 703 million people over the age of 65 in 2019. The number of older people to double by 2050 to 1.5 billion. The growing ageing population, the usage of patient-oriented medical services is equally demanding, which is helping the industry of home healthcare.
Key Market Growth Drivers
Major Challenges
Recent Happenings in the Home Healthcare Industry:
In March 2019 - The renowned home healthcare equipment provider of Korea, HB Healthcare, was successfully owned by ResMed, a San-Diego based firm to increase its operations in the Asia Pacific region.
In February 2019 - U.S. Food and Drug Administration (FDA) had approved t:slim X2 insulin pump manufactured by Tandem diabetes care company. This pump has a high success rate in curing type 1 diabetes in adults and children.
In September 2018 - Apple Watch Series 4 was launched by Apple, which is specially approved by the FDA as a Class 2 medical device.
In 2018 - a new remote patient management software named SHARESOURCE has been launched by Baxter International Inc., which enables assistance to dialysis patients at home.
REPORT COVERAGE
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REPORT METRIC |
DETAILS |
|
Market Size Available |
2018 – 2024 |
|
Base Year |
2018 |
|
Forecast Period |
2019 - 2024 |
|
Segments Covered |
By Product Type, Type, Services Type, Software, Region |
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Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, Drivers, Restraints, Opportunities, Challenges, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
|
Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
|
Market Leaders Profiled |
Almost Family Inc., Amedisys Inc., General Electric Company (GE), Kinnser Software Inc., Linde Group, Omron Corporation, Roche Holding AG, Philips Healthcare, Mckesson Corporation, LHC Group Inc., Kindred Healthcare, Fresenius Se & Co Kgaa, Abbott Laboratories and Apria Healthcare Group |
The research report on the Global Home Healthcare Market has been segmented and sub-segmented based on product type, type, services type, software and region
By Product Type
Based on Product Type, Testing, screening & monitoring product type is leading with the highest shares of the home healthcare market. The rise in the availability of various diagnostic procedures directly at home, which gives reports immediately is elevating the growth of the market in this segment. Growing demand for effective treatment care from patients is also making the market growth to expand.
By Type
Based on Type, Home telehealth monitoring devices type is holding dominant shares of the market with the rise in the support from the IT sector in launching different software. Increasing capital income in both developed and developing countries is significantly influencing the demand of the market.
By Services Type
Based on Services Type, the Rehabilitation therapy service type is ruling with the highest shares of the market. Increasing awareness over the availability of specialized care treatment services at home is surging the demand of the market. Growing privacy concerns and also to have personal care through professional caregivers is accelerating the growth of the home healthcare market.
By Software
Based on Software, Agency software is leading with the highest shares of the market by the adoption of cloud-based deployment mode in every application. The rise in support from government organizations is also spurring the demand of the market.
Regional Analysis
North America for leading the highest shares of the Global Home Healthcare Market with the rise in the initiatives steps from the Government towards home healthcare services. Also, as per the research analysts at Market Data Forecast, The size of the North American Home Healthcare Market predicted to reach USD 147.45 billion by the end of 2023, registering a healthy CAGR of 7.50%. Increasing capital income both in developed and developing countries, is leveraging the demand of the market.
The Asia Pacific is leading the market after North America, due to the acceptance of the latest technologies. The rising elderly population is also an important attribute magnifying the demand of the market.
European Home Healthcare Market is growing tremendously from the past decade and is also to register significant growth rate in foreseen years. The increasing cost of healthcare in hospitals is straight broadening the demand of the market.
The Middle East and Africa regions to have inclined growth rates in the coming years.
Key market participants in the Global Home Healthcare Market profiled in this report are
1.Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Product
5.1.1 Introduction
5.1.2 Testing, Screening, & Monitoring Products
5.1.3 Therapeutic Products
5.1.4 Mobility Care Products
5.1.5 Y-o-Y Growth Analysis, By Product
5.1.6 Market Attractiveness Analysis, By Product
5.1.7 Market Share Analysis, By Product
5.2 Type
5.2.1 Introduction
5.2.2 Home Telehealth Monitoring Devices
5.2.3 Home Telehealth Services
5.2.4 Home Telehealth Software
5.2.5 Y-o-Y Growth Analysis, By Type
5.2.6 Market Attractiveness Analysis, By Type
5.2.7 Market Share Analysis, By Type
5.3 Software
5.3.1 Introduction
5.3.2 Agency Software
5.3.3 Clinical Management Systems
5.3.4 Hospice Solutions
5.3.5 Y-o-Y Growth Analysis, By Software
5.3.6 Market Attractiveness Analysis, By Software
5.3.7 Market Share Analysis, By Software
5.4 Services
5.4.1 Introduction
5.4.2 Rehabilitation Therapy Services
5.4.3 Infusion Therapy Services
5.4.4 Unskilled Care Services
5.4.5 Respiratory Therapy Services
5.4.6 Pregnancy Care Services
5.4.7 Skilled Nursing Care Services
5.4.8 Hospice
5.4.9 Palliative Care Services
5.4.7 Y-o-Y Growth Analysis, By Services
5.4.8 Market Attractiveness Analysis, By Services
5.4.9 Market Share Analysis, By Services
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Product
6.1.3.3 By Type
6.1.3.4 By Softwares
6.1.3.5 By Services
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Product
6.1.4.3 By Type
6.1.4.4 By Softwares
6.1.4.5 By Services
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Product
6.1.5.3 By Type
6.1.5.4 By Softwares
6.1.5.5 By Services
6.2 North America
6.1.1 Introduction
6.1.2 United States
6.1.3 Canada
6.3 Europe
6.2.1 Introduction
6.2.2 U.K
6.2.3 Spain
6.2.4 Germany
6.2.5 Italy
6.2.6 France
6.4 Asia-Pacific
6.3.1 Introduction
6.3.2 China
6.3.3 India
6.3.4 Japan
6.3.5 Australia
6.3.6 South Korea
6.5 Latin America
6.4.1 Introduction
6.4.2 Brazil
6.4.3 Argentina
6.4.4 Mexico
6.4.5 Rest of Latin America
6.6 Middle East & Africa
6.5.1 Introduction
6.5.2 Middle-East
6.5.3 Africa
7.Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8.Market Leaders' Analysis
8.1 Apria Healthcare Group
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 A&D Company Limited
8.3 Almost Family Inc
8.4 Amedisys Inc
8.5 General Electric Company (GE)
8.6 Kinnser Software Inc
8.7 Linde Group
8.8 Omron Corporation
8.9 Roche Holding AG
8.10 Philips Healthcare
8.11 Mckesson Corporation
8.12 LHC Group Inc
8.13 Kindred Healthcare
8.14 Fresenius Se & Co Kgaa
8.15 Abbott Laboratories
9.Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10.Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
List of Tables and Figures of the report:
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