Global Home Healthcare Market Research Report: Ken Research
by Rati Ram Business DeveloperAccording to study, “Global
Home Healthcare Market Size study, by Product (testing, screening,
& monitoring products, therapeutic product and home healthcare mobility
care products) Services (skilled nursing services, rehabilitation therapy
services, hospice and palliative care services, unskilled Care Services,
respiratory therapy services, infusion therapy services and pregnancy care
services) Software (agency software, clinical management systems and hospice
solutions), Type of telehealth solution (home telehealth software, home
telehealth services and home telehealth monitoring devices)and Regional
Forecasts 2018-2025” the key companies operating in the global home healthcare
market areBayada Home Health Care, A&D Company, GE Healthcare, Abbott
Laboratories, Almost Family, Linde Group, Omron, Kinnser Software, Fresenius, Kindred
Healthcare, Mckesson, Amedisys, Roche, Philips, LHC Group.
Home healthcare is definite as rendering
predominantly medically-related services to patients in a house setting rather than
in a medical facility. It includes skilled nursing in addition to occupational,
speech, and physical therapy. It costs less than the treatment of nursing homes
and hospitals.
The key benefits are included supports activities of
daily living (ADLs), support with diet & nutrition, provide caring
companionship, medication management and helps with light household chores etc.
Based on product type, home healthcare market is
segmented into therapeutic products, testing, screening & monitoring
products and home healthcare mobility care products. Therapeutic products
include oxygen delivery systems, sleep apnea therapeutic devices, nebulizers,
insulin delivery devices, ventilators, inhalers, wound care products, dialysis
equipment, IV equipment and other therapeutic products (automated external
defibrillators, ostomy devices, and external stimulation devices). Testing,
screening & monitoring products include blood glucose monitors, pulse
oximeters, blood pressure monitors, fetal monitoring devices, peak flow meters,
heart rate monitors, ovulation & pregnancy test kits, HIV test kits,
coagulation monitors, cholesterol monitoring devices, sleep apnea monitors, electrocardiogram
(ECG) devices, temperature monitors, electroencephalogram (EEG) devices,
pedometers, hearing aids, home hemoglobin A1c test kits, holter & event
monitors, drug & alcohol test kits and colon cancer test kits.
Additionally, home healthcare mobility care products include canes, walkers
& rollators, crutches, wheelchairs and mobility scooters. Based on
services, market is segmented into rehabilitation therapy services, skilled
nursing services, hospice & palliative care services, respiratory therapy
services, infusion therapy services, unskilled care services, and pregnancy
care services. Based on software, market is segmented into clinical management
systems, agency software, and hospice solutions. In addition, based on type of
telehealth solution, market is segmented into home telehealth services, home
telehealth services and home telehealth monitoring devices.
The home healthcare market is driven by rise in healthcare
costs, followed by growth in need for affordable treatment options, increase in
geriatric population, rise in technological advancements, increase in incidence
of chronic diseases and rise in government initiatives to promote home
healthcare. However, limited insurance coverage, change in reimbursement
policies and rise in patient safety concerns may impact the market. Moreover,
rise in untapped developing regions and increase in focus on telehealth are key
opportunities for market.
Based on geography, the North-American region
dominates the home healthcare market owing to rise in healthcare expenditure
and well-established medical infrastructure in the region. The Asian-Pacific
and European regions are anticipated to witness higher growth rate due to rise
in government efforts to improve healthcare infrastructure & unmet medical
needs in emerging economies over the forecast period.In near future, it is
estimated that the market will be reached at rapid pace as a result of rise in need of delivery-based
healthcare during the forecast period. It is predicted that the market will be reached at US
$469.3 billion by 2025.
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Created on Jan 17th 2020 03:12. Viewed 370 times.