The size of the Middle East and Africa Home Healthcare Market is estimated to be USD 22.91 billion by 2027 from USD 15.78 billion in 2022, growing at a CAGR of 7.74% during the forecast period.
Home healthcare supports care given by the nurses, professionals, trained experts, or caretakers who provide medical assistance. There is a massive demand for home healthcare programming in the current past, and according to our valuations, it will witness further growth in the coming years.
Y-O-Y growth in the prevalence of chronic and infectious diseases in MEA, rise in the geriatric population, and increasing disposable income in the urban area, active initiatives by the MEA governments to cheer up home healthcare are expected to propel the growth of the MEA home healthcare market.
Rising incidences of various health disorders, especially chronic and infectious diseases, is the critical driving factor for the home healthcare market to grow in the Middle East and Africa (MEA). The increasing prevalence of online stores and the increasing cost of treatment procedures in hospitals also accelerate the market's need. In addition, the expanding number of patients with cardiovascular diseases is straight magnifying the growth of the MEA home healthcare market.
The rise in the support from the government through investments to increase the scale of home healthcare services even in the rural areas is solely to surge growth opportunities for the market. In addition, increasing disposable income in urban areas is significantly influencing the demand of the regional market. Growing preference for personalized treatment at home privately is also a factor broadening the size of the market. People are now aware of the point of care testing devices, and this attribute is to spur the market's demand. Furthermore, the Middle East and African market are lavished by rising demand for pregnancy care due to prenatal problems.
However, the challenging factor for the growth of the market in the MEA region is the lack of coverage over insurance policies. Also, the difficulty in the availability of skilled caregivers for the patient is hindering the market's demand.
This research report on the Middle East and Africa Home Healthcare Market is segmented and sub-segmented into the following categories.
By Product Type:
By Services Type:
Geographically, GCC countries are expected to have promising growth in the MEA home healthcare market. These countries are expected to have a market size of USD 102 billion in 2024 with a CAGR value of 9.1% during the forecast period. In the UAE, healthcare is the fastest-growing segment, with 79% of the market share. On the other hand, in countries like Oman, Kuwait, and Qatar, the market shares have substantial growth in the coming years.
Africa is also having dominant shares of the following UAE. The population above 65years and above in MEA countries is evaluated to have 4.7% of the total population.
KEY MARKET PARTICIPANTS:
Companies playing a crucial role in the MEA Home Healthcare Market profiled in this report are 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.
Access the study in MULTIPLE FORMATS
Purchase options starting from $ 2000
Call us on: +1 888 702 9696 (U.S Toll Free)
Write to us: firstname.lastname@example.org