This report aims to provide detailed information on the global home healthcare market. It provides valuable information on the type, procedure, application and region of the market. Additionally, information for these segments, by region, is also presented in this report. The major market players are profiled to study their product offerings and understand the strategies they undertake to be competitive in this market.
Expected revenue growth:
The home care market is expected to reach USD 274.7 billion by 2025, up from USD 181.9 billion in 2020, at a CAGR of 8.6% during the forecast period.
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Key Factors Driving Market Growth:
The rapid growth of the elderly population, the increasing incidence of chronic diseases, the growing need for cost-effective health care delivery due to rising health care costs and technological advancements in home care devices are the major factors driving the growth of the home health care market.
In 2019, the dialysis equipment segment accounted for the largest share of the home care therapeutic products market
On the basis of Therapeutics, the global home healthcare market is segmented into Oxygen Delivery Systems, Nebulizers, Ventilators, Therapeutic Sleep Apnea Devices, Wound Care Products, IV Equipment, Equipment dialysis devices, insulin delivery devices and other products (ostomy devices and automated external defibrillators). Dialysis equipment accounted for the largest share of the home care therapeutic products market in 2019. Advances in technology and the launch of new products that are safe and easy to use in home care settings, along with the growing awareness of therapies other major factors driving the growth of the home dialysis market
Diabetes Indications Segment Expected To Grow At Highest CAGR During Forecast Period
By indication type, the global homecare market is segmented into cancer, respiratory disease, mobility impairment, cardiovascular disease and hypertension, pregnancy, wound care, diabetes, hearing impairment, and other indications. The diabetes segment is expected to register the highest CAGR during the forecast period. The growing number of diabetic patients is the main driving force behind the growth of this market. Plus, monitoring blood sugar at home helps build an overall diabetes treatment plan and manage blood sugar, diet, and exercise medications.
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Analysis of regional growth:
North America Was the Largest Regional Market for Home Health Care Market in 2019
The market is segmented into four major regions: North America, Europe, Asia-Pacific and Rest of the World (RoW). North America was the largest regional market for home healthcare in 2019. North America’s large share of the global market is attributed to high healthcare spending, increasing prevalence of chronic diseases, high disposable income, increasing overall geriatric population, high disposable income. , and superior health care infrastructure. However, the Asia-Pacific market is expected to grow at the highest CAGR during the forecast period. The growth of the Asia-Pacific market is mainly due to aging population, increased incidence of chronic diseases, increase in disposable income, technological advancements, government initiatives to promote healthcare home care and rising health care costs.
The global home care market is highly fragmented. The main players in the global market are Fresenius SE & Co. KGaA (Germany), GE Healthcare (USA), Linde plc (Ireland), F. Hoffmann-La Roche Ltd (Switzerland), A&D Company (Japan), BAYADA Home Health Care (US), Invacare Corporation (US), Abbott (US), Amedisys (US), Kindred at Home (US), LHC Group, Inc. (US), OMRON Corporation (Japan), Koninklijke Philips NV (Netherlands), Drive DeVilbiss Healthcare (United States), Hamilton Medical (Switzerland), Sunrise Medical (Germany), Roma Medical (United Kingdom), Caremax Rehabilitation Equipment Co., Ltd (China), Vitalograph (UK), Advita Pflegedienst GmbH (Germany), RENAFAN GmbH (Germany), ADMR (France), Apex Medical Corporation (Taiwan), CONTEC MEDICAL SYSTEMS CO., LTD (China) and Löwenstein Medical Technology GmbH + Co. KG. (Germany).
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