Home Healthcare Market Size is Expected to Hit US$ 662.67 Bn Mark by 2027

Home Healthcare Market Size is Expected to Hit US$ 662.67 Bn Mark by 2027

Jun 22, 2021 (Market Stats News via COMTEX) —

Precedence Research announces the release of the report "Home Healthcare Market – Global Industry Analysis, Size, Share, Trends, Growth, Regional Outlook and Forecasts, 2021 – 2027".

[250+ Pages Report] The global Home Healthcare Market size is poised to reach USD 662.67 Billion by 2027 from USD 264.87 Billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 14.2% from 2021 to 2027. The report provides the overall revenue of the global Home Healthcare Market from 2016 to 2027, considering 2020 as the base year and 2027 as the forecast year.

This report presents the breakdown of the market into forthcoming and niche segments. Additionally, this research study gauges market revenue growth and its drift at global, regional, and country from 2016 to 2027. This research report evaluates the Home Healthcare Market on a global and regional level. It offers a thorough analysis of the market status, growth, and forecast of the global Home Healthcare Market for the period from 2016 to 2027.

Download Free Sample Copy with TOC, Graphs & List of Figures @ https://www.precedenceresearch.com/sample/1190

This report also provides detailed company profiles of the key market players. This research report also highlights the competitive landscape of the Home Healthcare Market and ranks noticeable companies as per their occurrence in diverse regions across globe and crucial developments initiated by them in the market space. This research study also tracks and evaluates competitive developments, such as collaborations, partnerships, and agreements, mergers and acquisitions; novel product introductions and developments, promotion strategies and Research and Development (R&D) activities in the marketplace. The competitive profiling of these players includes business and financial overview, gross margin, production, sales, and recent developments which can aid in assessing competition in the market.

Growth Factors

Since past few years, home healthcare market is booming worldwide. The majority of the products are designed by looking at the growing concern of the chronic disorder market. The major factor which promotes the healthcare market is growing awareness regarding health parameters among the public. Furthermore, the rising percentage of geriatric citizens in countries of Europe and the Asia Pacific is the second most factors in promoting the growth of the market. Home healthcare involves daily keen attention needed in case of chronic disease management. However, unstable reimbursement policies of the firm and lack of availability of products across the world is considered as one of the restraining factors which hinder the growth of the market. Product launching and heavy investment in such a segment will bring huge growth opportunities within the forecast year. In addition, the wide population of Asia Pacific and the rising penetration of 5G in developed countries is also considered futuristic opportunities for the healthcare market.

Report Highlights

• It is estimated that, more than 70% of the patient opting for healthcare services have age above 65 years
• The most common illness requiring home healthcare products are diabetes, hypertension, heart failure, osteoarthritis and others.
• United States is considered as one of the major consumers of home healthcare services which have roughly more than 12,000 home healthcare agencies.
• Current use of artificial intelligence and cognitive system for the collection of the data and the treatment for the various home healthcare market is offering profitable prospects to the market
• United States and Europe are major regions to use telemedicine service, whereas region like Asia Pacific, Latin America and Middle East and Africa still rely on traditional in-person visit

Scope of the Study

This market report studies market dynamics, status, and outlook especially in North America, Europe and Asia-Pacific, Latin America, Middle East and Africa. This research report offers scenarios and forecasts (revenue/volume) and categorizes the market by players, product, Raw Material, and region. This report also studies global market prominence, competitive landscape, market share, growth rate market dynamics such as drivers, restraints, and opportunities, and distributors and sales channels.

This research study also integrates Industry Chain analysis and Porter's Five Forces Analysis. Further, this report offers a competitive scenario that comprises collaborations, market concentration rate and expansions, mergers & acquisitions undertaken by companies.

Regional Framework
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Home Healthcare Market based on various segments. It also provides market size and forecast estimates from year 2016 to 2027 with respect to five major regions, namely; North America, Europe and Asia-Pacific, Latin America, Middle East and Africa. The Home Healthcare control unit market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 15+ countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting Home Healthcare Market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe and Asia-Pacific, Latin America, Middle East and Africa after evaluating political, economic, social and technological factors effecting the Home Healthcare Market in these regions.

COVID-19 Landscape: Home Healthcare Industry Impact

Coronavirus disease (COVID-19) is an infectious disease caused by a newly discovered coronavirus. The virus is spreading globally, with people traveling much more frequently, living in more densely populated areas, and coming into contact with infected people. Various outbreaks occurred in the past but did not reach a global pandemic level, as the novel coronavirus reaches. With this pandemic outbreak, the burden of both morbidity and mortality has increased exponentially and is leading to major disruptions in economic, social, and other aspects. In addition, the major burden has been fallen onto the healthcare sector and related in restructure, even in the most developed countries with advanced and next-level healthcare systems.

As per the WHO, the total cases of COVID-19 surpassed millions of cases as of many, 2020 worldwide. The outbreak has stepped into almost every country, globally, due to which the number of infected patients is rising, which is straining the countries' healthcare ecosystem and resources. This is mainly on account of intensifying demand for healthcare facilities, workers; and most importantly medical equipment, devices, drugs, and researches. In almost every country, authorities are worried by continuously reducing the availability of essential commodities, personal protective equipment (PPE), drugs/vaccines, testing kits, and others; and capacity to effectively manage the growing number of infected patients.

The industrial report mentions the influence of the ongoing COVID-19 pandemic. The outbreak has caused disturbances in several industries and has hammered the logistics, resulting in delayed deliveries and cancellation of product demand. The Medical holography report proficiently explains the resulting factors and concerns of manufacturers. Researchers have also well-explained how the producers and providers will tackle the ongoing epidemic and the key strategies to be adopted post-pandemic for turning their businesses back to normal.

Competition Landscape

In the final section of the report, Precedence Research provided the global Home Healthcare Remanufacturing market structure and a detailed competition landscape to provide a dashboard view of key players operating in the global market along with their business strategies to report audiences. This section is primarily designed to provide clients with an objective and detailed comparative assessment of the key providers specific to a market segment in the value chain of the market.

Foremost players contending in the global Home Healthcare Market are as follows:

Manufacturers: –

• McKesson Medical-Surgical Inc.
• Fresenius Medical Care
• Becton, Dickinson And Company
• Arkray, Inc.
• Medline Industries, Inc.
• 3M Healthcare
• Baxter International Inc.
• Medtronic PLC
• Braun Melsungen AG
• ConvaTec Group PLC
• Molnlycke Health Care
• Acelity L.P.
• Hollister Inc.
• Others

Service Providers: –

• Sunrise Carlisle, LP
• Extendicare, Inc.
• Brookdale Senior Living, Inc.
• Home Health Services Ltd.
• Care UK Limited
• Kindred Healthcare, Inc.
• Genesis Healthcare Corp.
• Sompo Holdings, Inc.
• Home Instead Senior Care, Inc.
• Others

Segments Covered in the Report

This research report estimates revenue growth at global, regional, and country levels and offers an analysis of present industry trends in every sub-segment from 2020 to 2030.This research study analyzes market thoroughly by classifying global home healthcare market report on the basis of different parameters including type of vector, application, workflow, end users, disease, and region:

By Component Type

• Equipment
  • Therapeutic
    • Home respiratory equipment
    • Insulin delivery devices
    • Home IV pumps
    • Home dialysis equipment
    • Others
  • Diagnostic
    • Diabetic care unit
    • BP monitors
    • Multi para diagnostic monitors
    • Home pregnancy and fertility kits
    • Apnea and sleep monitors
    • Holter monitors
    • Heart rate meters
    • Others
  • Mobility assist
    • Wheelchair
    • Home medical furniture
    • Walking assist devices
  • Services
    • Skilled home healthcare
      • Physician/primary care
      • Nursing care
      • Physical, occupational, and/or speech therapy
      • Nutritional support
      • Hospice & palliative care
      • Other skilled home care services
    • Unskilled home healthcare

By Regional Outlook

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • France
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
• Middle East and Africa
  • GCC
  • North Africa
  • South Africa
  • Rest of MEA

Key Questions Answered in Home Healthcare Market Report

• How is the market expected to grow over the projected period?
• What are the key factors driving the Home Healthcare Market?
• What direction is the Home Healthcare Market expected to take in terms of volume and value during the forecast period?
• What are the predominant trends in this global market?
• What are the major macro-economic factors impacting the growth of this market?
• What are the key opportunities in the Home Healthcare Market for manufacturers?
• What are the factors hampering the growth of this market?

TABLE OF CONTENT

Chapter 1 Introduction

1.1 Research objective
1.2 Scope of the study

Chapter 2 Research Methodology

2.1 Research Approach
2.2 Market Research Process
2.2.1 Data procurement and data mining
2.2.2 Data analysis and standardization
2.2.3 Data Processing and Market Formulation:
2.2.4 Data Validation
2.3 Market Research Approach
2.4 Data Sources
2.4.1 Secondary Research
2.4.2 Primary Research
2.5 Assumptions & Limitations

Chapter 3 Executive Summary

3.1 Market snapshot

Chapter 4 Home Healthcare Market Variables and Scope

4.1 Introduction
4.2 Market classification and scope

Chapter 5 COVID-19 Impact on Home Healthcare Market

5.1 COVID-19: Home healthcare industry impact

Chapter 6 Home Healthcare Market Dynamics Analysis and Trends

6.1 Market dynamics
6.1.1 Market drivers
6.1.1.1 The rising aging population & nuclear homes drive the need for home healthcare
6.1.1.2 Increasing healthcare costs to drive the demand for affordable home health treatments
6.1.2 Market restraint
6.1.2.1 Obstacles to home healthcare services
6.1.2.1.1 Patient preference
6.1.2.1.2 Clinicians' concerns
6.1.2.1.3 Supporting infrastructure
6.1.2.1.4 Patient safety
6.1.2.1.5 Regulatory environment
6.1.3 Market opportunities
6.1.3.1 Increasing awareness regarding home healthcare among patients in emerging countries
6.2 Value chain analysis

Chapter 7 Global Home Healthcare Market, By Type

7.1 Home healthcare market, by type, 2016-2027
7.1.1 Market estimation and forecast, by type, 2016-2027
7.2 Devices
7.3 Services

Chapter 8 Global Home Healthcare Market, By Device

8.1 Home healthcare market, by device, 2016-2027
8.1.1 Market estimation and forecast, by device, 2016-2027
8.2 Diagnostic & Monitoring Devices
8.3 Therapeutic Devices
8.4 Home Mobility Assist Devices

Chapter 9 Global Home Healthcare Market, By Service

9.1 Home healthcare market, by service, 2016-2027
9.1.1 Market estimation and forecast, by service, 2016-2027
9.2 Rehabilitation
9.3 Telehealth
9.4 Respiratory Therapy
9.5 Infusion Therapy
9.6 Unskilled Homecare

Chapter 10 Global Home Healthcare Market, By Region

10.1 Home healthcare market, by region, 2016-2027
10.1.1 Market estimation and forecast, by region, 2016-2027
10.2 North America
10.2.1 North America market estimation and forecast, by type, 2016-2027
10.2.2 North America market estimation and forecast, by device, 2016-2027
10.2.3 North America market estimation and forecast, by service, 2016-2027
10.2.4 US
10.2.4.1 US market estimation and forecast, by type, 2016-2027
10.2.4.2 US market estimation and forecast, by device, 2016-2027
10.2.4.3 US market estimation and forecast, by service, 2016-2027
10.2.5 Rest of North America
10.2.5.1 Rest of North America market estimation and forecast, by type, 2016-2027
10.2.5.2 Rest of North America market estimation and forecast, by device, 2016-2027
10.2.5.3 Rest of North America market estimation and forecast, by service, 2016-2027
10.3 Europe
10.3.1 Europe market estimation and forecast, by type, 2016-2027
10.3.2 Europe market estimation and forecast, by device, 2016-2027
10.3.3 Europe market estimation and forecast, by service, 2016-2027
10.3.4 Germany
10.3.4.1 Germany market estimation and forecast, by type, 2016-2027
10.3.4.2 Germany market estimation and forecast, by device, 2016-2027
10.3.4.3 Germany market estimation and forecast, by service, 2016-2027
10.3.5 UK
10.3.5.1 UK market estimation and forecast, by type, 2016-2027
10.3.5.2 UK market estimation and forecast, by device, 2016-2027
10.3.5.3 UK market estimation and forecast, by service, 2016-2027
10.3.6 France
10.3.6.1 France market estimation and forecast, by type, 2016-2027
10.3.6.2 France market estimation and forecast, by device, 2016-2027
10.3.6.3 France market estimation and forecast, by service, 2016-2027
10.3.7 Rest of Europe
10.3.7.1 Rest of Europe market estimation and forecast, by type, 2016-2027
10.3.7.2 Rest of Europe market estimation and forecast, by device, 2016-2027
10.3.7.3 Rest of Europe market estimation and forecast, by service, 2016-2027
10.4 Asia Pacific
10.4.1 Asia Pacific market estimation and forecast, by type, 2016-2027
10.4.2 Asia Pacific market estimation and forecast, by device, 2016-2027
10.4.3 Asia Pacific market estimation and forecast, by service, 2016-2027
10.4.4 China
10.4.4.1 China market estimation and forecast, by type, 2016-2027
10.4.4.2 China market estimation and forecast, by device, 2016-2027
10.4.4.3 China market estimation and forecast, by service, 2016-2027
10.4.5 Japan
10.4.5.1 Japan market estimation and forecast, by type, 2016-2027
10.4.5.2 Japan market estimation and forecast, by device, 2016-2027
10.4.5.3 Japan market estimation and forecast, by service, 2016-2027
10.4.6 South Korea
10.4.6.1 South Korea market estimation and forecast, by type, 2016-2027
10.4.6.2 South Korea market estimation and forecast, by device, 2016-2027
10.4.6.3 South Korea market estimation and forecast, by service, 2016-2027
10.4.7 India
10.4.7.1 India market estimation and forecast, by type, 2016-2027
10.4.7.2 India market estimation and forecast, by device, 2016-2027
10.4.7.3 India market estimation and forecast, by service, 2016-2027
10.4.8 Southeast Asia
10.4.8.1 Southeast Asia market estimation and forecast, by type, 2016-2027
10.4.8.2 Southeast Asia market estimation and forecast, by device, 2016-2027
10.4.8.3 Southeast Asia market estimation and forecast, by service, 2016-2027
10.4.9 Rest of Asia Pacific
10.4.9.1 Rest of Asia Pacific market estimation and forecast, by type, 2016-2027
10.4.9.2 Rest of Asia Pacific market estimation and forecast, by device, 2016-2027
10.4.9.3 Rest of Asia Pacific market estimation and forecast, by service, 2016-2027
10.5 Latin America
10.5.1 Latin America market estimation and forecast, by type, 2016-2027
10.5.2 Latin America market estimation and forecast, by device, 2016-2027
10.5.3 Latin America market estimation and forecast, by service, 2016-2027
10.5.4 Brazil
10.5.4.1 Brazil market estimation and forecast, by type, 2016-2027
10.5.4.2 Brazil market estimation and forecast, by device, 2016-2027
10.5.4.3 Brazil market estimation and forecast, by service, 2016-2027
10.5.5 Rest of Latin America
10.5.5.1 Rest of Latin America market estimation and forecast, by type, 2016-2027
10.5.5.2 Rest of Latin America market estimation and forecast, by device, 2016-2027
10.5.5.3 Rest of Latin America market estimation and forecast, by service, 2016-2027
10.6 Middle-East & Africa
10.6.1 Middle-East & Africa market estimation and forecast, by type, 2016-2027
10.6.2 Middle-East & Africa market estimation and forecast, by device, 2016-2027
10.6.3 Middle-East & Africa market estimation and forecast, by service, 2016-2027
10.6.4 GCC
10.6.4.1 GCC market estimation and forecast, by type, 2016-2027
10.6.4.2 GCC market estimation and forecast, by device, 2016-2027
10.6.4.3 GCC market estimation and forecast, by service, 2016-2027
10.6.5 North Africa
10.6.5.1 North Africa market estimation and forecast, by type, 2016-2027 108
10.6.5.2 North Africa market estimation and forecast, by device, 2016-2027
10.6.5.3 North Africa market estimation and forecast, by service, 2016-2027
10.6.6 South Africa
10.6.6.1 South Africa market estimation and forecast, by type, 2016-2027
10.6.6.2 South Africa market estimation and forecast, by device, 2016-2027
10.6.6.3 South Africa market estimation and forecast, by service, 2016-2027
10.6.7 Rest of Middle East & Africa
10.6.7.1 Rest of Middle East & Africa market estimation and forecast, by type, 2016-2027
10.6.7.2 Rest of Middle East & Africa market estimation and forecast, by device, 2016-2027
10.6.7.3 Rest of Middle East & Africa market estimation and forecast, by service, 2016-2027

Chapter 11 Competitive Landscape

11.1 Company market share/positioning analysis, 2020
11.2 Market players landscape
11.2.1 List of suppliers
11.2.1.1 Raw material suppliers
11.2.1.2 Medical device manufacturers
11.2.2 List of end-users

Chapter 12 Company Profile

12.1 McKesson Corporation
12.1.1 Company overview
12.1.2 Business outline
12.1.3 Financial performance
12.1.4 Product line
12.1.5 Recent developments
12.2 GE Healthcare
12.2.1 Company overview
12.2.2 Business outline
12.2.3 Financial performance
12.2.4 Product line
12.2.5 Recent developments
12.3 F. Hoffmann-La Roche
12.3.1 Company overview
12.3.2 Business outline
12.3.3 Financial performance
12.3.4 Product line
12.3.5 Recent developments
12.4 Linde plc
12.4.1 Company overview
12.4.2 Business outline
12.4.3 Financial performance
12.4.4 Product line
12.4.5 Recent developments
12.5 Fresenius Medical Care
12.5.1 Company overview
12.5.2 Business outline
12.5.3 Financial performance
12.5.4 Product line
12.5.5 Recent developments
12.6 A&D Company
12.6.1 Company overview
12.6.2 Business outline
12.6.3 Financial performance
12.6.4 Product line
12.7 OMRON Corporation
12.7.1 Company overview
12.7.2 Business outline
12.7.3 Financial performance
12.7.4 Product line
12.8 Amedisys Inc.
12.8.1 Company overview
12.8.2 Business outline
12.8.3 Financial performance
12.9 Product line
12.9.1 Recent developments
12.10 Kindred Healthcare
12.10.1 Company overview
12.10.2 Business outline
12.10.3 Product line
12.10.4 Recent developments
12.11 LHC Group
12.11.1 Company overview
12.11.2 Business outline
12.11.3 Financial performance
12.11.4 Product line
12.11.5 Recent developments
12.12 BAYADA Home Health Care
12.12.1 Company overview
12.12.2 Business outline
12.12.3 Product line
12.12.4 Recent developments
12.13 Koninklijke Philips N.V.
12.13.1 Company overview
12.13.2 Business outline
12.13.3 Financial performance
12.13.4 Product line
12.13.5 Recent developments

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