Home healthcare market size and growth: The world home healthcare market size was worth USD 270.29 billion in 2018 and is estimated to register a CAGR of 9% over the forecast period.
Home healthcare Market Overview:
Rising cases of chronic diseases, as well as an increase in the geriatric population, is expected to boost the market growth. According to an article by the United Nations in 2018, the elderly population accounted for nearly 13% of the global community and is estimated to rise by 3% annually.
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Home healthcare Market drivers and restraints:
Attributing to the rise in geriatric population and desk-bound lifestyle of individuals all around the globe, the world home healthcare market is estimated to achieve momentum in the coming years. Homecare for health provides personal care of chronic infections and is standard in the age-old population. The healthcare industry is estimated to witness a high incidence of chronic disorders recently that has elicited the expansion of the global home healthcare market in the coming years.
Report segmented as:
By Type:
• Medical Supplies
• Home Mobility Assist Devices
• Therapeutics Home Healthcare Devices
• Diagnostics and Monitoring Home Devices
By Services:
• Unskilled Home Healthcare Services
• Respiratory Therapy Services
• Infusion Therapy Services
• Telehealth and Telemedicine Services
• Rehabilitation Services
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Geographical Analysis:
Based on the geography, the world home healthcare market is segregated into the regions of North America, Asia Pacific, Europe, and the Rest of the World. Among these, the market in North America is seen to be holding a leading share in the market attributing to cross country medical aids and reimbursement policies given within the region. In addition to that, the infrastructure of healthcare in the North American region is much higher and advanced as compared to other areas.
Important market players:
Some of the key players operating in the market include F. Hoffmann-La Roche AG; Sunrise Medica; Almost Family, Inc.; National HealthCare Corporation; Acelity L.P., Inc.; Koninklijke Philips N.V.; Omron Healthcare, Inc.; Odyssey Healthcare, Inc.; Cardinal Health Inc.; and 3M Healthcare.
The Scope of the report:
This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.
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