The global home healthcare market is expected to reach USD 517.2 billion
by 2025, according to a new report by Grand View Research, Inc. Home healthcare
products are generally applied to a broad range of equipment and services
designed for exclusive use for home or other non-medical establishments by
non-professional caregivers, family members, or the patients themselves.
Increasing adoption of telehealth and other emerging technologies are
expected to drive market growth over the forecast period. Home healthcare is
rapidly getting adopted as a cost effective alternative to healthcare
establishment based therapy and therefore, growing geriatric population base
and prevalence of chronic conditions requiring long term care is also expected
to have a positive impact on growth. Presence of untapped potential in emerging
markets such as India, Brazil and China and increasing health awareness are
expected to serve home healthcare market as future growth opportunities.
In depth research report on Home Healthcare
Market
Further key findings from the study suggest:
·
Home
healthcare services dominated the component segment, accounting for over 85.0%
of global revenue in 2015.
·
Infusion
therapy is expected to be the fastest growing services market. Increasing
initiatives undertaken by medical service providers to curb costs associated
with specialty drugs and by retail pharmacies to render efficient chronic
disease management solutions are some of the drivers of this market.
·
Home
healthcare based diagnostics held lucrative share in the equipment segment
accounting around 40.0% in 2015.
·
North America
was the largest regional market in 2015, accounting for over 40.0% of the
revenue. Presence of sophisticated medical systems and reimbursement
infrastructure, high patient awareness levels and healthcare expenditure are
some of the factors accounting for its substantial share.
·
Asia Pacific
home healthcare market is expected to grow at the fastest CAGR of around 9.0%
from 2016 to 2024 majorly owing to high unmet medical needs coupled with
rapidly improving health infrastructure.
·
Major players
in this vertical include Almost Family Inc., B. Braun Melsungen AG, Abbott
Laboratories, Sunrise Medical Inc., 3M Health Care, Baxter, Medtronic, Cardinal
Health Inc., Roche diagnostics corp., Air Liquide, Arcadia Health Care, Bayer
AG, Amedisys, Inc., Nxstage Medical, Inc., and Arkray Inc.
Grand View Research has segmented the global home healthcare market on
the basis of component and region:
Component Outlook (Revenue, USD Billion,
2014-2025)
·
Equipment
o
Therapeutic
§
Home
Respiratory Equipment
§
Insulin
Delivery Device
§
Home IV Pumps
§
Home Dialysis
Equipment
§
Other
Therapeutic Equipment
o
Diagnostic
§
Diabetic Care
Unit
§
BP Monitors
§
Multi
Parameter Diagnostic Monitors
§
Home Pregnancy
and Fertility Kits
§
Other
Self-Monitoring Equipment
§
Apnea and
Sleep Monitors
§
Holter
Monitors
§
Heart Rate
Maters
§
Other
o
Mobility
Assist
§
Wheel Chair
§
Home Medical
Furniture
§
Walking Assist
Devices
o
Services
§
Rehabilitation
Services
§
Unskilled Home
Care
§
Respiratory
Therapy Services
§
Infusion
Therapy Services
§
Telemetry
Regional Outlook (Revenue, USD Billion,
2014-2025)
·
North America
o
U.S.
o
Canada
·
Europe
o
UK
o
Germany
·
Asia Pacific
o
Japan
o
China
·
Latin America
o
Brazil
o
Mexico
·
Middle East
and Africa (MEA)
o
South Africa
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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, the company offers market intelligence studies ensuring
relevant and fact-based research across a range of industries including
technology, chemicals, materials, healthcare and energy.
For more market analysis reports, please
visit: http://www.grandviewresearch.com/
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