The home healthcare market is estimated to reach $514.5 billion by 2026, with a CAGR of 7.1% over the forecast period 2021-2026.
HYDERABAD, TELANGANA, INDIA, September 20, 2022 /EINPresswire.com/ — Home Health Market the size is estimated to reach US$514.5 billion by 2026, growing at a CAGR of 7.1% over the 2021-2026 forecast period. Unlike a skilled nursing facility, Home Healthcare provides supportive care where the patient lives. Professional nurses help in the daily life of patients suffering from disability, illness or old age. Some of the common home healthcare devices used to treat and monitor patients include Holter monitors, oxygen delivery systems, wound care products, dialysis equipment, insulin delivery devices, infusion therapy equipment, and blood glucose monitors. The introduction of Internet of Things (IoT) infrastructure from the home healthcare system is expected to drive market development over the forecast period, as it enables real-time sharing of patient health information with healthcare professionals, as well as increased levels of automation. However, high production costs and low awareness in developing regions are major challenges for the growth of the home healthcare industry.
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Main conclusions:
This IndustryARC Home Healthcare Market Report highlights the following areas:
1. Geographically, North America’s home health care market accounted for the largest share in 2020 due to the region’s well-developed healthcare infrastructure and high disposable income.
2. Growth in the global geriatric population and lifestyle-related diseases is expected to drive the market. However, safety concerns and limitations of home healthcare compared to hospitals and skilled nursing facilities are projected to hinder growth over the forecast period.
3. A detailed analysis of the strengths, weaknesses and opportunities of prominent players operating in the market will be presented in the Home Health Care Report.
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Segment analysis:
1. Depending on the type of service, the home health care market is divided into rehabilitation services, skilled care/nursing care, non-skilled care and respite care, virtual care, hospice care, related care, infusion services, and others.
2. The home health care market according to disease or disability can be further divided into cardiovascular disease, hypertension, diabetes, respiratory disease, cancer, pregnancy, injury, kidney disease, neurovascular disease, mobility impairment and others.
3. The home health care market can be geographically divided into North America, Europe, Asia Pacific, South America and the rest of the world.
Competitive environment :
Top 5 players in the home healthcare industry:
1. Fresenius SE & Co. KGaA
2. LLC “Linde”
3. Care of the Apollo house
4. OMRON Corporation.
5. General Electric Healthcare
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