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Pulished Date April, 2021
ID: 2259
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North America Home Healthcare Market Research Report - Segmented By Product Type, Services Type, Software, Country (The United States, Canada and Rest of North America) - Industry Analysis on Size, Share, Trends, COVID-19 Impact & Growth Forecast (2021 to 2026)

Pulished: April, 2021
ID: 2259
Pages: 136

North America Home Healthcare Market Size (2021 to 2026)

The size of the Home Healthcare Market in North America is estimated to be growing at a CAGR of 8.9% during the forecast period. As a result, the market is predicted to value USD 154.22 billion by 2026 from USD 100.68 billion in 2021. The United States dominated the North American Home Healthcare Market in 2020 and is expected to keep up its position in the coming years.

The increasing prevalence of chronic diseases such as cancer, diabetes, and aging demographics are majorly fuelling the market growth. Also, favorable government policies towards home healthcare services and rising investments in home healthcare equipment boost market growth. The other factors include easy availability and increasing preference for home healthcare services due to the growing disposable income of the individuals in the region.  

On the other hand, the increasing awareness among the people about the benefits of healthcare at home is positively influencing the market growth. In addition, value-based healthcare is another major factor contributing to the market. In addition, the most recent significant healthcare trend is the transfer of treatment from hospitals to homes to save money and minimize medical costs. The move from treatment to proactive monitoring is also opening up new opportunities for the home healthcare market. 

The home healthcare market is proving lucrative growth opportunities to the market players in the developed countries in the region. The Geriatric population is driving the home healthcare market. Also, market growth is expected to be fueled by the senior population in North America and rising patient demand for value-based healthcare. By 2050, the population of the elderly is expected to to be doubled. The aging population requires more patient-centered healthcare services, resulting in increased demand for healthcare personnel and agencies, which is expected to fuel market growth. As a result, the developed country United States is witnessing a significant share in the home healthcare market. 

Furthermore, the increase in training institutes to enable abilities to provide effective treatment methods is escalating the North American market's demand. Medicare is the largest single-payer of home healthcare services in the United States. Medicare contributes to more than 40% of all home health care costs. The three primary types of Medicaid payments are the standard home health benefit (required), the personal healthcare option, and home and community-based waivers as an optional program. However, these three types of home healthcare services account for a tiny portion of overall Medicaid expenditures.

However, the lack of skilled persons in managing the techniques is quietly restraining the demand of the regional market. In addition, cuts in Medicare payments to home health companies and concerns about the safety of home healthcare employees are expected to restrict the growth of the North American home healthcare market.

This research report on the North American home healthcare market has been segmented and sub-segmented into the following categories.

By Product Type:

  • Testing, Screening, & Monitoring Products 
  • Therapeutic Products        
  • Mobility Care Products    

By Type:

  • Home Telehealth Monitoring Devices       
  • Home Telehealth Services
  • Home Telehealth Software    

By Services Type:

  • Rehabilitation Therapy Services   
  • Infusion Therapy Services
  • Unskilled Care Services    
  • Respiratory Therapy Services        
  • Pregnancy Care Services 
  • Skilled Nursing Care Services         
  • Hospice  
  • Palliative Care Services 

By Software:

  • Agency Software 
  • Clinical Management Systems       
  • Hospice Solutions

By Country:

  • The United States
  • Canada
  • Rest of North America

Geographically, the United States home healthcare market is predicted to account for the most significant share in the North American market during the forecast period and is growing at 7% CAGR from 2021 to 2026. The United States market is driven by chronic disease, the aged population, and increasing obesity. In addition, the US market is dominated by Medicaid; it has a 40% share in the US market. In 2019, the US home healthcare market had the highest growth in the BP monitor and diabetic care unit. Also, the rapidly growing surgeries and rising personal care treatment system in the US is ramping up the North American market. Recently, the US food and drug administration initiative to promote independent treatment is driving the market in the coming year. Value-based healthcare is the contributing factor in the US market due to its low cost and patient improvement.

The Canadian home healthcare market is one of the most lucrative regional markets in the global market. The market in this country has represented growth in medical devices and services that provide safety to the patient. Due to the illness of chronic disorder, Canada gains continue growth in the home healthcare market. Also, increasing technological development, changing lifestyle, and using alternatives instead of long-term hospital treatments demand home healthcare services. Canada was the hub of the home medical devices market in 2019. The Government starts awareness related to Hypertension, diabetes, and schizophrenia in a nod to the medical and monitoring devices market. Mexico is anticipated to grow in the coming years due to government regulations and advancements in North America's home healthcare market.

KEY MARKET PARTICIPANTS:

Some of the prominent companies leading the North America home healthcare market profiled in the 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.

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 United States                            

                6.3 Canada                         

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 of Home healthcare Market                

                                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                             

                8.16 Apria Healthcare Group.                     

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                              

  • Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organisations a strong financial foothold in the market
  1. North America Home Healthcare Market, By Product, From 2021 to 2026 (USD Billion)
  2. North America Testing, Screening, & Monitoring Market, By Region, From 2021 to 2026 (USD Billion)
  3. North America Therapeutic  Market, By Region, From 2021 to 2026 (USD Billion)
  4. North America Mobility Care  Market, By Region, From 2021 to 2026 (USD Billion)
  5. North America Home Healthcare Market, By Service, From 2021 to 2026 (USD Billion)
  6. North America Rehabilitation Therapy Services Market, By Region, From 2021 to 2026 (USD Billion)
  7. North America Infusion Therapy Services Market, By Region, From 2021 to 2026 (USD Billion)
  8. North America  Unskilled Care Services Market, By Region, From 2021 to 2026 (USD Billion)
  9. North America Respiratory Therapy Services  Market, By Region, From 2021 to 2026 (USD Billion)
  10. North America Pregnancy Care Services Market, By Region, From 2021 to 2026 (USD Billion)
  11. North America Skilled Nursing Care Services  Market, By Region, From 2021 to 2026 (USD Billion)
  12. North America Hospice  Market, By Region, From 2021 to 2026 (USD Billion)
  13. North America Palliative Care Services Market, By Region, From 2021 to 2026 (USD Billion)
  14. North America Home Healthcare Market, By Software, From 2021 to 2026 (USD Billion)
  15. North America Agency Software Market, By Region, From 2021 to 2026 (USD Billion)
  16. North America Clinical Management Systems  Market, By Region, From 2021 to 2026 (USD Billion)
  17. North America Hospice Solutions Market, By Region, From 2021 to 2026 (USD Billion)
  18. North America Home Healthcare Market, By Type, From 2021 to 2026 (USD Billion)
  19. North America Home Telehealth Monitoring Devices Market, By Region, From 2021 to 2026 (USD Billion)
  20. North America  Home Telehealth Services  Market, By Region, From 2021 to 2026 (USD Billion)
  21. North America Home Telehealth Software Market, By Region, From 2021 to 2026 (USD Billion)
  22. United States Home Healthcare Market, By Product, From 2021 to 2026 (USD Billion)
  23. United States Home Healthcare Market, By Service, From 2021 to 2026 (USD Billion)
  24. United States Home Healthcare Market, By Software, From 2021 to 2026 (USD Billion)
  25. United States Home Healthcare Market, By Type, From 2021 to 2026 (USD Billion)
  26. Canada Home Healthcare Market, By Product, From 2021 to 2026 (USD Billion)
  27. Canada Home Healthcare Market, By Service, From 2021 to 2026 (USD Billion)
  28. Canada Home Healthcare Market, By Software, From 2021 to 2026 (USD Billion)
  29. Canada Home Healthcare Market, By Type, From 2021 to 2026 (USD Billion)

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