Home Healthcare Market- Growth and Opportunity Analysis 2022-2026


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Uploaded on Nov 16, 2022

The global home healthcare market size is projected to reach USD 298.2 billion by 2026 from USD 198.9 billion in 2021, at a CAGR of 8.4% during the forecast period. Market growth is driven mainly by factors such as rapid growth in the elderly population, the rising incidence of chronic diseases, the growing need for cost-effective healthcare delivery due to the increasing healthcare costs, and technological advancements in home care devices. The emerging Asian countries are also expected to offer substantial growth opportunities for players in the market.

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Home Healthcare Market- Growth and Opportunity Analysis 2022-2026

MarketsandMarkets Presents Home Healthcare Market worth $298.2 billion by 2026 https://www.marketsandmarkets.com/Market-Reports/home-healthcare-equipment-market- 696.html The report "Home Healthcare Market by Product (Dialysis Equipment, IV Equipment, Ventilators, Coagulation Monitors, Peak Flow Meters), Service (Infusion Therapy, Skilled Nursing, Hospice), Indication (Cancer, Wound Care, Diabetes), & Region - Global Forecast to 2026", size is projected to reach USD 298.2 billion by 2026 from USD 198.9 billion in 2021, at a CAGR of 8.4% during the forecast period. Browse 419 market data Tables and 52 Figures spread through 438 Pages and in-depth TOC on "Home Healthcare Market by Product (Dialysis Equipment, IV Equipment, Ventilators, Coagulation Monitors, Peak Flow Meters), Service (Infusion Therapy, Skilled Nursing, Hospice), Indication (Cancer, Wound Care, Diabetes), & Region - Global Forecast to 2026" Rapid growth in the elderly population, the rising incidence of chronic diseases, the growing need for cost-effective healthcare delivery due to the increasing healthcare costs, and technological advancements of home care devices are the major factors driving the growth of this market. Download a PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=696 Objectives of the Study: • the dialysis equipment segment accounted for the largest share of the home healthcare therapeutic products • The diabetes indication segment is expected to grow at the highest CAGR By indication type, the global home healthcare market is segmented into cancer, respiratory diseases, mobility disorders, cardiovascular diseases & hypertension, pregnancy, wound care, diabetes, hearing disorders, and other indications. The diabetes segment is expected to register the highest CAGR during the forecast period. The increasing number of diabetic patients mainly drives growth in this market. Moreover, monitoring blood sugar at home helps arrive at an overall diabetes treatment plan and aids in managing the medications for blood sugar, diet, and exercise. • North America was the largest regional Speak to Analyst: https://www.marketsandmarkets.com/ This report categorizes the home healthcare market into the following segments and subsegments: By Product • Testing, Screening, & Monitoring Products • Therapeutic Products • Mobility Care Products By Service • Skilled Nursing Services • Rehabilitation Therapy Services • Hospice and Palliative Care Services • Unskilled Care Services • Respiratory Therapy Services • Infusion Therapy Services • Pregnancy Care Services By Indication • Cardiovascular Disorders & Hypertension • Diabetes • Respiratory Diseases • Pregnancy • Mobility Disorders • Hearing Disorders • Cancer • Wound Care • Other Indications (sleep disorders, kidney disorders, neurovascular diseases, and HIV) The global home healthcare market is highly fragmented. The prominent players in the global home healthcare industry include Fresenius SE & Co. KGaA, GE Healthcare, Linde plc, F. Hoffmann-La Roche Ltd, A&D Company, BAYADA Home Health Care, Invacare Corporation, Abbott, Amedisys, ResMed, LHC Group, Inc., OMRON Corporation, Koninklijke Philips N.V., Drive DeVilbiss Healthcare, Hamilton Medical, Sunrise Medical, Roma Medical, Caremax Rehabilitation Equipment Co., Ltd, Vitalograph and Among others Companies Insight Abbott (US) is one of the major players of blood glucose monitor in the home healthcare market with a share of 8.4% in 2020. The company has a strong product portfolio in the home healthcare market, especially blood glucose meters. It has a strong geographic presence across the globe and invests a significant amount of its revenue in R&D. In FY 2020, Abbott invested 6.9% of its total revenue in R&D. F. hoffmann-la roche ltd (Switzerland) is one of the prominent players of blood glucose monitor in the home healthcare market with a share of 3.6% in 2020. Roche is known for its strong portfolio in diagnostics and is the frontrunner in diabetes management. The diabetes care product portfolio offers an integrated, collaborative, and personalized approach that aims to determine the optimal therapy for each person with diabetes. The company invests a significant part of its revenue in R&D. It has constantly increased its R&D investments to accelerate innovative product development. In FY 2020, the company invested about USD 13.8 billion in R&D, which witnessed an increase of 7.9% as compared to FY 2019. These investments were aimed at discovering, testing, and developing new products and improving existing products GE Healthcare (US) is one of the prominent players of blood glucose monitor in the home healthcare market with a share of 3.0% in 2020. its expertise in medical imaging and information technologies, medical diagnostics, patient monitoring systems, drug discovery, biopharmaceutical manufacturing technologies, and life care solutions. Contact Us Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road, Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 [email protected] Press release: https://www.marketsandmarkets.com/PressReleases/home-healthcar e.asp Research insights: https://www.marketsandmarkets.com/ResearchInsight/home-healthc are-equipment-market.asp About MarketsandMarkets MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. 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