Home Healthcare Market worth $340.2 billion by 2027
Home Healthcare is estimated to grow at a CAGR of 8.5% during the forecast period. The market is projected to reach USD 340.2 billion by 2027 from USD 226.0 billion in 2022, Provides crucial industry insights that will help your business grow.
(EMAILWIRE.COM, March 21, 2023 ) Home Healthcare market is estimated to grow at a CAGR of 8.5 % during the forecast period. The market is projected to reach USD 340.2 billion by 2027 from USD 226.0 billion in 2022
Major Growth Driving Factors:
The rising demand for cost-effective healthcare delivery due to the increasing healthcare costs and the increase in the geriatric population are the major factors driving the home healthcare market’s growth.
Based on products, the home healthcare market is segmented into testing, screening, and monitoring products; therapeutic products; and mobility care products. In 2021, the therapeutic segment accounted for the largest share of the home healthcare products market. The heightened prevalence of chronic ailments, such as kidney failure and respiratory diseases has increased the demand for home healthcare therapeutic equipment.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=696
Based on service, the home healthcare market is categorized into skilled nursing services, rehabilitation therapy services, hospice & palliative care services, unskilled care services, respiratory therapy services, infusion therapy services, and pregnancy care services. Skilled nursing services accounted for the largest share of the home healthcare market in 2021. Skilled medical care in home settings can provide a comforting solution over residing in a hospital, nursing home, or an assisted living community. The favorable insurance coverage for skilled nursing services is expected to support the growth of this market during the forecast period.
Based on indication, the home healthcare market is categorized into cancer, respiratory diseases, movement disorders, cardiovascular diseases & hypertension, pregnancy, wound care, diabetes, hearing disorders, and other indications. The other indications segment accounted for the largest share of the home healthcare market in 2021. The large share of this segment can primarily be attributed to the high prevalence of sleep disorders and rising HIV infections.
Geographical Growth Dynamics:
The global home healthcare market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. In 2021, North America dominated the global home healthcare market, followed by Europe. The large share of North America in the global market is attributed to the rising prevalence of chronic conditions and high healthcare expenditure. However, the Asia Pacific market is estimated to grow at the highest CAGR during the forecast period. Growth in the Asia Pacific home healthcare market is driven primarily by the rising aging population, and technological advancements.
Request Sample Pages @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=696
Key Market Players:
The major players operating in this market are Fresenius SE & Co. KGaA (Germany), Linde, Plc (Ireland), F.Hoffmann-La Roche, Ltd. (Switzerland), A&D Company, Limited (Japan), Bayada Home Health Care (US), Invacare Corporation (US), Abbott (US), Amedisys (US), ResMed, Inc. (US), LHC Group, Inc. (US), Omron Corporation (Japan), Koninkluke Philips N.V. (Netherlands), GE Healthcare (US), Drive Devilbiss Healthcare (UK), Hamilton Medical (Switzerland), Sunrise Medical (Germany), Roma Medical (UK), Caremax Rehabilitation Equipment Co., Ltd. (China), Vitalograph (UK), Advita Pflegedienst Gmbh (Germany), Renafan Gmbh (Germany), ADMR (France), Apex Medical Corp. (Taiwan), Contec Medical Systems Co., Ltd. (China), Löwenstein Medical Technology Gmbh + Co., KG. (Germany), B. Braun Melsungen Ag (Germany), Baxter International, Inc. (US), Allied Healthcare Products, Inc. (US), Medline Industries, Inc. (US), and Advin Health Care (India).
Read More About Related Topics:
Telehealth & Telemedicine Market - Global Future Forecasts to 2027
Healthcare IT Market - Global Future Forecasts to 2027
Wound Care Market - Global Future Forecasts to 2027
Medical Supplies Market - Global Future Forecasts to 2027
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Major Growth Driving Factors:
The rising demand for cost-effective healthcare delivery due to the increasing healthcare costs and the increase in the geriatric population are the major factors driving the home healthcare market’s growth.
Based on products, the home healthcare market is segmented into testing, screening, and monitoring products; therapeutic products; and mobility care products. In 2021, the therapeutic segment accounted for the largest share of the home healthcare products market. The heightened prevalence of chronic ailments, such as kidney failure and respiratory diseases has increased the demand for home healthcare therapeutic equipment.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=696
Based on service, the home healthcare market is categorized into skilled nursing services, rehabilitation therapy services, hospice & palliative care services, unskilled care services, respiratory therapy services, infusion therapy services, and pregnancy care services. Skilled nursing services accounted for the largest share of the home healthcare market in 2021. Skilled medical care in home settings can provide a comforting solution over residing in a hospital, nursing home, or an assisted living community. The favorable insurance coverage for skilled nursing services is expected to support the growth of this market during the forecast period.
Based on indication, the home healthcare market is categorized into cancer, respiratory diseases, movement disorders, cardiovascular diseases & hypertension, pregnancy, wound care, diabetes, hearing disorders, and other indications. The other indications segment accounted for the largest share of the home healthcare market in 2021. The large share of this segment can primarily be attributed to the high prevalence of sleep disorders and rising HIV infections.
Geographical Growth Dynamics:
The global home healthcare market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. In 2021, North America dominated the global home healthcare market, followed by Europe. The large share of North America in the global market is attributed to the rising prevalence of chronic conditions and high healthcare expenditure. However, the Asia Pacific market is estimated to grow at the highest CAGR during the forecast period. Growth in the Asia Pacific home healthcare market is driven primarily by the rising aging population, and technological advancements.
Request Sample Pages @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=696
Key Market Players:
The major players operating in this market are Fresenius SE & Co. KGaA (Germany), Linde, Plc (Ireland), F.Hoffmann-La Roche, Ltd. (Switzerland), A&D Company, Limited (Japan), Bayada Home Health Care (US), Invacare Corporation (US), Abbott (US), Amedisys (US), ResMed, Inc. (US), LHC Group, Inc. (US), Omron Corporation (Japan), Koninkluke Philips N.V. (Netherlands), GE Healthcare (US), Drive Devilbiss Healthcare (UK), Hamilton Medical (Switzerland), Sunrise Medical (Germany), Roma Medical (UK), Caremax Rehabilitation Equipment Co., Ltd. (China), Vitalograph (UK), Advita Pflegedienst Gmbh (Germany), Renafan Gmbh (Germany), ADMR (France), Apex Medical Corp. (Taiwan), Contec Medical Systems Co., Ltd. (China), Löwenstein Medical Technology Gmbh + Co., KG. (Germany), B. Braun Melsungen Ag (Germany), Baxter International, Inc. (US), Allied Healthcare Products, Inc. (US), Medline Industries, Inc. (US), and Advin Health Care (India).
Read More About Related Topics:
Telehealth & Telemedicine Market - Global Future Forecasts to 2027
Healthcare IT Market - Global Future Forecasts to 2027
Wound Care Market - Global Future Forecasts to 2027
Medical Supplies Market - Global Future Forecasts to 2027
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact Information:
MarketsandMarkets™
Mr. Aashish Mehra
Tel: 1-888-600-6441
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results
MarketsandMarkets™
Mr. Aashish Mehra
Tel: 1-888-600-6441
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results