San Francisco, 29 October 2018 , The
global home Health care Market size is anticipated to reach USD 517.23
billion by 2025, according to a new report by Grand View Research, Inc.,
progressing at a CAGR of 7.8% during the forecast period. Demand for home
healthcare services is rising owing to benefits such as improved patient
outcome, long term care, cost efficiency, elimination of unnecessary
hospitalization, and patient preferred settings.
Growing
incidence of target diseases such as dementia and Alzheimer’s as well as
orthopedic diseases is expected to stoke the growth of the market. Increasing
treatment cost is one of the prime concerns for governments and healthcare
organizations and they are, therefore, striving to curb healthcare costs.
Increasing
disposable income is enabling patients to take up home healthcare services. In
addition, internet is responsible for providing integrated technology, which
bridges treatment options. Setting up of hospitals and healthcare centers
require huge capital investment, this is leading to merger and acquisition of
market players in order to capitalize opportunities and boost market growth.
For
instance, National Nursing & Rehab acquired Home Health Services in 2014 in
order to expand their service in Texas metropolitan areas. Insurance plans have
been formulated by government to cater long term needs of the patients. For
instance, about 40.0% of revenues generated for Homecare Medical Equipment
(HME) is covered by Medicare and Medicaid.
Full
Research Report On Home Healthcare Market Analysis: www.grandviewresearch.com/industry-analysis/home-healthcare-industry
Further Key Findings From the Study Suggest:
·
Services dominated the component segment in
2016. Rehabilitation services accounted for more than 59.0% of the overall home
healthcare services market in 2016
·
The therapeutic equipment segment dominated
the home healthcare equipment market in 2016. Growing prevalence of respiratory
& urological disorders coupled with introduction of technologically
advanced products suitable for home healthcare, such as portable dialysis
machines, is one of the key growth stimulants
·
North America dominated the home healthcare
market in 2016. This can be attributed to presence of advanced medical
infrastructure, high awareness among patients, and comparatively higher
healthcare expenditure in the region
·
Some of the key players in this vertical
are Almost Family Inc.; B. Braun Melsungen AG; Abbott Laboratories; Sunrise
Medical; 3M Healthcare; Baxter International Inc.; Medtronic; Cardinal Health
Inc.; F. Hoffmann-La Roche AG; and Air Liquide.
Browse More Reports Of This Category By
Grand View Research At: www.grandviewresearch.com/industry/medical-devices
Grand View Research has segmented the
global home healthcare market on the basis of component and region:
Home
Healthcare Technology Outlook (Revenue, USD Million, 2014 - 2025)
·
Equipment
o
Therapeutic
o
Diagnostic
o
Mobility assist
·
Services
o
Rehabilitation services
o
Unskilled home care
o
Respiratory therapy services
o
Infusion therapy services
o
Telemetry
Home
Healthcare Regional Outlook (Revenue, USD Million, 2014 - 2025)
·
North America
o
U.S.
o
Canada
·
Europe
o
Germany
o
U.K.
o
France
o
Italy
o
Spain
o
Sweden
o
Russia
o
Netherlands
·
Asia Pacific
o
Japan
o
China
o
India
o
Australia
o
Singapore
o
Thailand
o
Philippines
o
Korea
o
Malaysia
·
Latin America
o
Brazil
o
Mexico
o
Argentina
·
Middle East and Africa (MEA)
o
South Africa
o
Saudi Arabia
o
Oman
o
Egypt
o
U.A.E.
Access Full Press Release of this Report:
www.grandviewresearch.com/press-release/global-home-healthcare-market
www.grandviewresearch.com/press-release/global-home-healthcare-market
About Grand View Research
Grand View Research, Inc.
is a U.S. based market research and consulting company, registered in the State
of California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
For more information: www.grandviewresearch.com/
