Home healthcare provides care to homebound individuals who are ill, injured and this requires skilled nursing services. Governments have encouraged these services due to the benefits of this service like to provide skilled services to treat a patient-2019s illness or injury for a finite and predictable period of time. Technological advancements in various healthcare products, increasing awareness on home healthcare coupled with the factors such as rising aging population and increasing chronic diseases are enhancing the market growth.
North American home healthcare is significantly influenced by Federal policies specifically Medicare. The market has been witnessing significant growth over the past few years owing to rise of older age group population and people with disabilities. Home healthcare being one of the cost effectiveness solutions for delivering care, there is growing interest for these services among older Americans and people with disabilities, thus resulting for demand of home healthcare market.
Get Free 10 % Customization in this Report @ https://globalmarketforecasts.com/request-for-sample/55
Home healthcare services are gaining momentum in the recent years especially in the emerging economies of North American region owing to the spreading awareness from the developed economies such as U.S. and Canada. Home healthcare services are helping baby boomers of North American region with activities of daily living including bathing, dressing, and eating and also in assistance during cooking, cleaning, other housekeeping, and monitoring one-2019s medication routine. As per WHO publications, world-2019s population with age of over 60 years will be doubled from 12% to 22% by 2050 out of which U.S. accounts for over 20% of the total population of age 65 years and above.
Moreover, growing awareness among consumers coupled with the significant rise in population diagnosed with chronic diseases such as diabetes cardiac disorders and respiratory diseases, the demand for home healthcare market is growing and the trend is likely to continue during the next decade and thereby boosts the market growth during forecast period. However, changing reimbursement policies and limited insurance coverage is among the significant challenges which are likely to be faced by the North American economies during the growth of home healthcare market in the coming years. Moreover, patient safety concerns are among the other factors that may hinder market growth. Home care setting is likely to possess household-related hazards such as lead paint, toxic substances, and poor indoor air quality. This could result in the spreading of nosocomial infections, medication errors, development of resistant organisms, and others.
Top 10 Players Genomics Market Overview:
Abbott Laboratories,
Cardinal Health,
General Electric Company,
Invacare Corporation,
Jonson
and others.
Browse Complete Report of Genomics Market @ https://globalmarketforecasts.com/selectedReport/55/Global-North-America-Home-Healthcare-Market-Analysis-and-Forecasts-to-2025-
The -201cNorth American home healthcare Market Analysis and Forecasts to 2025-201d can be segmented into device type, services, and countries. Based on the device type, the market is categorized into diagnostics & monitoring devices, therapeutic home healthcare devices, mobility assist & medical supplies devices. The North American market is further segmented into US, Canada, Mexico and Rest of North American region. In 2017, diagnostic & monitoring devices followed by medical supplies dominated the market in revenue and is expected to continue its dominance during the forecast period. In the coming years, medical supplies segment is expected to grow at the rapid pace in the forecast period. Conversely, the home mobility assists devices product segment held a smaller share of the global home healthcare market in 2017.
About Us:
Global Market Forecasts is a global business intelligence and consulting firm aimed at assisting our clients to make critical business decisions and achieve exponential growth in their business. We focus on emerging markets and technologies, and insights on niche markets. Our reports include information on recent trends and innovations. Our pool of more than 300 off-shelf reports in each industry and customized reports based on the client’s requirement aids our client in making faster business decisions.
Contact Us:
Company Name: Global Market Forecasts
Tel: +1-201-564-4683 / +44-33-0606-0991
Web: https://globalmarketforecasts.com