Home Healthcare Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented By Product Type (Continence Care, Wound Care, Ostomy Care, Clinical Nutrition, Respiratory Care, Equipment & Housekeeping Supplies, Others), By Services Type (Rehabilitation Services, Pregnancy Home Care Services, Nursing Services, Others), By Region, Competition Forecast & Opportunities,
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Healthcare | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationHome Healthcare Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented By Product Type (Continence Care, Wound Care, Ostomy Care, Clinical Nutrition, Respiratory Care, Equipment & Housekeeping Supplies, Others), By Services Type (Rehabilitation Services, Pregnancy Home Care Services, Nursing Services, Others), By Region, Competition Forecast & Opportunities,
Global Home Healthcare Market is anticipated to witness an impressive growth during the forecast period, 2024-2028.This can be ascribed to the rising prevalence of various chronic diseases among the populations across the globe. The rising demand for personal care specially among the geriatric population is a major factor driving the market growth significantly.
Home Healthcare provides a wide range of service availability to the users in their familiar surroundings. Home Healthcare is emerging as a significant option for providing health and care for multiple conditions especially associated with disability, rehabilitation after surgeries or injuries, helping the elderly suffering from various age-related problems, among others. People with chronic conditions along with those having difficulty in mobility, and dependent children with severe health problems and patients with mental disorders also require home healthcare. All these factors are expected to increase the demand for home healthcare market in the coming years.
Rising Geriatric Population
According to the World Health Organization (WHO) by 2030, one in every 6 people in the world will be aged 60 years or above. In 2022, the aged people population increased to 1.4 billion which was 1 billion in 2020.
Rise in Global burden of Non-Communicable Diseases
According to the World Health Organization (WHO) approximately 41 million people (equivalent to 74% of all deaths globally) die each year suffering from Noncommunicable diseases (NCDs). Among the Non- Communicable Diseases, Cardiovascular Diseases account for approximately 17.9 million deaths annually, followed by 9.3 million deaths caused due to Cancer. Chronic Respiratory Illness causes 4.1 million deaths and Diabetes causes 2 million deaths across the globe annually.
Increased Focus on User-Centered Services
Home healthcare is experiencing a larger coverage as the nursing and physiotherapy services for the patients recovering medical health condition are being made found at to people at their homes. Along with the homecare medical facilities trained healthcare personnel, nurses, caregivers and physiotherapists are being found at to the patients at their home. With the growing urban centric life, more nuclear families are being established rather than the joint families therefore the aged people usually are left with no one around to take care of them. Thus, in case of any injury and chronic illness the aged population are left with the option of home healthcare service providers playing a significant role in helping them. The home healthcare is more in demand in the urban populating preferably providing much assistance to the aged population among the nuclear families thereby creating a huge demand for the home healthcare market and thus driving the market growth in future.
Availability of New Support Technologies
Remote patient monitoring technologies like telemedicine through which patient reports and diagnosis can be done is mostly being utilized in chronic illness so that caregivers can remotely keep an eye on their patients. Multiple hospitals and companies provide deliverable medical equipment’s for home healthcare settings. Equipment such as Bilevel Positive airway pressure (BiPap), ECG Monitor, O2 and Air gas cylinder, Oxygen concentrator, Patient automated beds, ventilator, wheelchair, etc. are made found at at the home to monitor remotely a patient’s vital signs in the real time thereby ensuring the patient’s health safety and driving the home healthcare market growth.
The growing demand and adoption of mhealth i.e., Mobile health is a major factor supporting the telehealth segment and thereby supporting the Global Home Healthcare market. In telehealth, mhealth is a subsegment that aids the patient via mobile or internet, the telehealth is accessed through certain home healthcare apps designed to regulate the patient’s disease monitoring and thus lowering the uneasiness to visit hospitals again and again during a chronic illness.
Meanwhile using the telehealth services diseases such as hypertension, diabetes, etc. can be mapped and regulated at the patient’s home through the apps provided in the devices, and the reports be assisted by physician or doctor over the phone or internet through the home healthcare services .
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Market Segmentation
Home Healthcare Market can be segmented based on the product type, type of services and region.
Market Players
F. Hoffmann-La Roche Ltd., Siemens Healthineers AG,3M, Bayer AG, Abbott Laboratories, Cardinal Health, Inc., GE Healthcare, Johnson & Johnson Services, Inc., Gentiva Health Services, Inc., Invacare Corporation,
| Attribute | Details |
| Base Year | 2022 |
| Historic Data | 2018 – 2021 |
| Estimated Year | 2023 |
| Forecast Period | 2024 – 2028 |
| Quantitative Units | Revenue in USD Million, Volume Units and CAGR for 2018-2022 and 2023-2028 |
| Report coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
| Segments covered | · Product Type · Services Type · Region |
| Regional scope | North America, Europe, Asia Pacific, South America and Middle East & Africa. |
| Key companies profiled | 3M Company, Bayer AG, Abbott Laboratories, Cardinal Health, Inc., GE Healthcare, Johnson & Johnson Services, Inc., Gentiva Health Services, Inc., Invacare Corporation, F. Hoffmann-La Roche Ltd., Siemens Healthineers AG. |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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