Home Healthcare Market - Trends Forecast Till 2028

Home Healthcare Market, By Product Type (Therapeutic, Testing, Screening & Monitoring, Mobility Care), Software (Clinical Management System, Hospice Solution, Agency Software), Solution (Remote Monitoring, Health Information, Telehealth), Services(Rehabilitation Therapy Services, Skilled Nursing Services, Unskilled Care Services, Respiratory Therapy Service, Pregnancy Care Services, Infusion Therapy Services, Others), Technology(Wired Technology, Wireless Technology), Settings(Chronic Care Settings, Acute Care Settings), Prevention(Primary Prevention, Secondary Prevention, Tertiary Prevention), Distribution Channel(Medical Stores, Hospital Pharmacies, E-Commerce Platform, Others), Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

Published Date: September, 2020

Base Year Estimate: 2019

Report ID: D-HC-HHM-33

Format:  

Number of Pages: 254

Domain: Healthcare

Home Healthcare Market – Trends Forecast Till 2028

The global home healthcare market is anticipated to reach USD 437.9 billion by 2020 growing at a CAGR of 6.8% during the forecasting period, 2020-2028. Home healthcare is the clinical medical care provided by a registered nurse or an occupational therapist or physical therapist and is often prescribed as part of a care plan following a hospitalization. Factors such as the growing geriatric population base and rising incidence of chronic diseases are some of the major factors for the home healthcare market

Home Healthcare Market – Trends Forecast Till 2028

The global home healthcare market is segmented into product type, solution, services, software, technology, settings, prevention, distribution channel, and geography.

The product type segment is segmented into Therapeutic, Testing, Screening & Monitoring, and Mobility Care. The therapeutic segment is further segmented into Wound Care Products, IV Equipment, Dialysis Equipment, Insulin Delivery Devices, Oxygen Delivery Systems, Nebulizers, Ventilators, Sleep Apnea Therapeutic Devices, Dialysis Equipment, Insulin Delivery Devices, Inhalers, and Other Therapeutic Products. Testing, Screening & Monitoring is segmented into Holter And Event Monitors, Cholesterol Monitoring Devices, Colon Cancer Test Kits, Home Hemoglobin A1c Test Kits, Drug And Alcohol Test Kits, Blood Glucose Monitors, Blood Pressure Monitors, Pulse Oximeters, Peak Flow Meters, Heart Rate Monitors, Fetal Monitoring Devices, HIV Test Kits, Sleep Apnea Monitors, Coagulation Monitors, Ovulation And Pregnancy Test Kits, ECG/EKG Devices, EEG Devices, Temperature Monitors, Hearing Aids, Pedometers, Others. The mobility care segment is further segmented into Canes, Crutches, Mobility Scooters, Walkers & Rollators, Wheelchairs, and Others.

The software segment is segmented into Clinical Management System, Hospice Solution, and Agency Software

The solution segment is segmented into Remote Monitoring, Health Information, and Telehealth. Telehealth is further segmented into Home Telehealth Services, Home Telehealth Software, and Home Telehealth Monitoring Devices.

The services segment is segmented into Rehabilitation Therapy Services, Skilled Nursing Services, Unskilled Care Services, Respiratory Therapy Service, Pregnancy Care Services, Infusion Therapy Services, and Others

The technology segment is segmented into Wired Technology, Wireless Technology. Wired Technology is further segmented into the telephone, ISDN, Modem, others. Wireless technology is further segmented into Bluetooth, WiFi, Zigbee, and Others.

The settings segment is segmented into Chronic Care Settings, Acute Care Settings. Acute Care Settings is further segmented into Post-Acute Care Setting and Pre-Acute Care Setting

The prevention segment is segmented into Primary Prevention, Secondary Prevention, and Tertiary Prevention

Distribution Channel segment is segmented into Medical Stores, Hospital Pharmacies, E-Commerce Platform, and Others

Geographically, the global home healthcare market is sub-segmented into North America, Europe, Asia-Pacific, Middle East and Africa and South America and insights are provided for each region and major countries within the regions 

North America region is the largest contributor to the home healthcare market in the forecast period 2020-2028 and the Asia-Pacific region is expected to grow with the highest CAGR during the forecast period 2020-2028.

Key players in the global home healthcare market are Fresenius, GE Healthcare, Linde Group, Roche, A&D Company, Bayada Home Health Care, Almost Family, Inc., B. Braun Melsungen AG, Amedisys, Abbott Laboratories, Kindred Healthcare, Kinnser Software, LHC Group, Omron, Philips, McKesson, Portea, Apple Home Healthcare, Cardinal Health, Argus, Diaverum, Arqule Inc,  Sunrise Medical, 3M Healthcare, Baxter International, Inc., Medtronic PLC, Cardinal Health, Inc., F. Hoffmann-La Roche AG, and Air Liquide among others

The companies have come up with various promotional activities in from of launch, investment, acquisition, and other, for instance:

  • In 2017, WHO has announced that nearly 50 million individuals worldwide were suffering from dementia in 2017 and the number is anticipated to reach nearly 82 million by 2030

Hence, tremendous progress has been made over the last decade and yet a lot more to come in recent years.

Available Customizations

In addition to the market data for the home healthcare market, Delvens offers client-centric reports and customized according to the company’s specific demand and requirement.

Research Methodology

Secondary Research

This research method involved the usage of extensive secondary sources (such as directories and databases)—Hoovers, Avention, annual reports, investor presentation, a conference like Jefferies conference)—to identify and collect information useful for this study of the home healthcare market. The purpose of secondary research is to identify and collection of extensive, technical, market-oriented, and commercial studies of the global home healthcare market. Through secondary, the market is classified and segmented as per industry trends, developments, regional markets, products, and technological developments. 

Primary Research

The primary sources mainly included several industry experts from the core and related industries and suppliers, manufacturers, distributors, alliances, and organizations related to all segments of this industry’s supply chain. In-depth interviews were conducted with various primary respondents—including key industry participants, subject matter experts (SMEs), C-level executives of key market players, and industry consultants, among other experts—to obtain and verify critical qualitative and quantitative information as well as to assess future prospects. The following figure depicts the market research methodology used in drafting this report on the home healthcare market.

The primary Respondent breakdown is provided below:

Home Healthcare Market – Trends Forecast Till 2028

Market Sizing

Top-down and bottom approaches were used to derive the market estimate and validate the total revenue of the home healthcare market. This approach has also been used to derive the market for segmentation and sub-segmentation. 

Data Validation

Impact analysis has been conducted for deriving the market size. After collecting the in-depth quantitative and qualitative data, we contact the primary respondents in order to gain a 98.8% of confidence level on our data.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants 

Reasons to Acquire

  • Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends, and factors
  • Gain authentic and granular data access for the home healthcare market so as to understand the trends and the factors involved in changing market situations
  • Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
  • In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope

 

Report Features

Description

Market Revenue In 2020

USD 437.9 billion

Growth Rate

CAGR of 6.8% during the forecasting period, 2020-2028

Historical Data

2017-2018

Forecast Years

2020-2028

Base Year 

2019

Units Considered

Revenue in USD billion and CAGR from 2020 to 2028

Report Segmentation

Product Type, Solution, Services, Software, Technology, Settings, Prevention, Distribution Channel, and Geography

Report Attribute

Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling

Regional Level Scope

North America, Europe, Asia-Pacific, South America, and the Middle East and Africa

Country Level Scope

U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe)

Companies Profiled

Fresenius, GE Healthcare, Linde Group, Roche, A&D Company, Bayada Home Health Care, Almost Family, Inc., B. Braun Melsungen AG, Amedisys, Abbott Laboratories, Kindred Healthcare, Kinnser Software, LHC Group, Omron, Philips, McKesson, Portea, Apple Home Healthcare, Cardinal Health, Argus, Diaverum, Arqule Inc,  Sunrise Medical, 3M Healthcare, Baxter International, Inc., Medtronic PLC, Cardinal Health, Inc., F. Hoffmann-La Roche AG, and Air Liquide among others

Available Customization 

In addition to the market data for the home healthcare market, Delvens. offers client-centric reports and customized according to the company’s specific demand and requirements.

 

 

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