Home Healthcare Market Trending Technologies with 14.2% of CAGR by 2027

The home healthcare market size is projected to reach a revenue of US$ 662.67 billion by 2027 and is expected to register a CAGR of 14.2% from 2020 to 2027, According to Precedence Research. The research report contains 150+ pages with detailed analysis.

The report provides the overall revenue of the global home healthcare market from 2016 to 2027, considering 2020 as the base year and 2027 as the forecast year. This research report evaluates the home healthcare market on a global and regional level.

The term home healthcare represents a wide number of community-based solutions to assist individuals suffering from acute to chronic disorders such as blood pressure, respiratory disorders, kidney, hip fracture, cerebral palsy, heart disorders, and others. At present, the medical market is full of home healthcare devices. The products range from software to self-care products. The product is designed for both skilled and unskilled workers. Such products assist the patients and service providers for the betterment of the individuals. Some of the products are BP monitors, heart rate monitors, fertility kits, and various others. The service is specially designed for hospitals and home healthcare workers.

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Growth Factors

Since past few years, home healthcare market is booming worldwide. The majority of the products are designed by looking at the growing concern of the chronic disorder market. The major factor which promotes the healthcare market is growing awareness regarding health parameters among the public.

Furthermore, the rising percentage of geriatric citizens in countries of Europe and the Asia Pacific is the second most factors in promoting the growth of the market. Home healthcare involves daily keen attention needed in case of chronic disease management. However, unstable reimbursement policies of the firm and lack of availability of products across the world is considered as one of the restraining factors which hinder the growth of the market. Product launching and heavy investment in such a segment will bring huge growth opportunities within the forecast year. In addition, the wide population of Asia Pacific and the rising penetration of 5G in developed countries is also considered futuristic opportunities for the healthcare market.

Market Scope:

The home healthcare market report studies market dynamics, status and outlook especially in North America, Europe and Asia-Pacific, Latin America, Middle East and Africa. This research report offers scenarios and forecasts (revenue/volume) and categorizes the market by players, type, application, and region. This report also studies global market prominence, competitive landscape, market share, growth rates market dynamics such as drivers, restraints and opportunities, and distributors and sales channels.

This research study also integrates Industry Chain analysis and Porter’s Five Forces Analysis. Further, this report offers a competitive scenario that comprises collaborations, market concentration rate and expansions, mergers & acquisitions undertaken by companies.

Report Highlights

It is estimated that, more than 70% of the patient opting for healthcare services have age above 65 years

The most common illness requiring home healthcare products are diabetes, hypertension, heart failure, osteoarthritis and others.

United States is considered as one of the major consumers of home healthcare services which have roughly more than 12,000 home healthcare agencies.

Current use of artificial intelligence and cognitive system for the collection of the data and the treatment for the various home healthcare market is offering profitable prospects to the market

United States and Europe are major regions to use telemedicine service, whereas region like Asia Pacific, Latin America and Middle East and Africa still rely on traditional in-person visit

Regional Snapshots

Various regions across globe are experiencing a rapid rise in the patients with chronic disorders. North America seems to dominate the global home healthcare market. The United States is the major contributor for the revenue generation of the North America region. Europe always is known for the prosperous regions in the world, and soon the region will also know for its geriatric population. The rising geriatric population is not only in Europe but some countries of Asia Pacific like Japan, South Korea are offering lucrative growth prospects for the market. Few countries in Asia Pacific like India and China which together hold 34% of the total world population are also looking for a huge investment in-home healthcare market. The recent economic boom of this region coupled with rising per-capita healthcare expenditures is also a major factor for the growth of the region.

Key Players & Strategies

The home healthcare solution is provided by two contributors, homecare service providers and homecare products. Key strategies followed by the major market players are collaboration, partnership, and merger and acquisition. The market contenders are also keen to focus on technological advancement for their growth and development. For instance, on December 2020, MatrixCare becomes the first firm to launch fully integrated secure speech-to-text technology in its Home Health and Hospice and Palliative Care Electronic Health Records software as a service solution. CareBridge announced its strategic partnership with BAYADA Home Health Care in December 2020. In the same month, CareFinders a growing home health care provider acquired Union Home Care. In October 2019, Clearcare, Inc, a home healthcare company acquired by WellSky Corporation which is a community care technology company.

Due to the recent pandemic of COVID 19, the home healthcare market has perceived growth across the world. The manufacturers are keen to design technologically advanced products for their customers. Huge competition exists in the market due to its opportunistic category. Some of the players of home healthcare goods include McKesson Medical-Surgical Inc., Fresenius Medical Care, Medline Industries, Inc., 3M Healthcare, Baxter International Inc., Medtronic PLC, B. Braun Melsungen AG, Molnlycke Health Care F. Hoffmann-La Roche AG, Arkray, Inc., Becton, Dickinson And Company, Acelity L.P., Hollister Inc., ConvaTec Group PLC, and Others.

Regional Segmentation

North America (U.S. and Canada)

Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)

Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)

Latin America (Brazil and Rest of Latin America)

Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

Why should you invest in this report?

If you are aiming to enter the global home healthcare market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for home healthcare are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2020-2027 so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

TABLE OF CONTENT

Chapter 1 Introduction

1.1 Research objective
1.2 Scope of the study

Chapter 2 Research Methodology

2.1 Research Approach
2.2 Market Research Process
2.2.1 Data procurement and data mining
2.2.2 Data analysis and standardization
2.2.3 Data Processing and Market Formulation:
2.2.4 Data Validation
2.3 Market Research Approach
2.4 Data Sources
2.4.1 Secondary Research
2.4.2 Primary Research
2.5 Assumptions & Limitations

Chapter 3 Executive Summary

3.1 Market snapshot

Chapter 4 Home Healthcare Market Variables and Scope

4.1 Introduction
4.2 Market classification and scope

Chapter 5 COVID-19 Impact on Home Healthcare Market

5.1 COVID-19: Home healthcare industry impact

Chapter 6 Home Healthcare Market Dynamics Analysis and Trends

6.1 Market dynamics
6.1.1 Market drivers
6.1.1.1 The rising aging population & nuclear homes drive the need for home healthcare
6.1.1.2 Increasing healthcare costs to drive the demand for affordable home health treatments
6.1.2 Market restraint
6.1.2.1 Obstacles to home healthcare services
6.1.2.1.1 Patient preference
6.1.2.1.2 Clinicians’ concerns
6.1.2.1.3 Supporting infrastructure
6.1.2.1.4 Patient safety
6.1.2.1.5 Regulatory environment
6.1.3 Market opportunities
6.1.3.1 Increasing awareness regarding home healthcare among patients in emerging countries
6.2 Value chain analysis

Chapter 7 Global Home Healthcare Market, By Type

7.1 Home healthcare market, by type, 2016-2027
7.1.1 Market estimation and forecast, by type, 2016-2027
7.2 Devices
7.3 Services

Chapter 8 Global Home Healthcare Market, By Device

8.1 Home healthcare market, by device, 2016-2027
8.1.1 Market estimation and forecast, by device, 2016-2027
8.2 Diagnostic & Monitoring Devices
8.3 Therapeutic Devices
8.4 Home Mobility Assist Devices

Chapter 9 Global Home Healthcare Market, By Service

9.1 Home healthcare market, by service, 2016-2027
9.1.1 Market estimation and forecast, by service, 2016-2027
9.2 Rehabilitation
9.3 Telehealth
9.4 Respiratory Therapy
9.5 Infusion Therapy
9.6 Unskilled Homecare

Chapter 10 Global Home Healthcare Market, By Region

10.1 Home healthcare market, by region, 2016-2027
10.1.1 Market estimation and forecast, by region, 2016-2027
10.2 North America
10.2.1 North America market estimation and forecast, by type, 2016-2027
10.2.2 North America market estimation and forecast, by device, 2016-2027
10.2.3 North America market estimation and forecast, by service, 2016-2027
10.2.4 US
10.2.4.1 US market estimation and forecast, by type, 2016-2027
10.2.4.2 US market estimation and forecast, by device, 2016-2027
10.2.4.3 US market estimation and forecast, by service, 2016-2027
10.2.5 Rest of North America
10.2.5.1 Rest of North America market estimation and forecast, by type, 2016-2027
10.2.5.2 Rest of North America market estimation and forecast, by device, 2016-2027
10.2.5.3 Rest of North America market estimation and forecast, by service, 2016-2027
10.3 Europe
10.3.1 Europe market estimation and forecast, by type, 2016-2027
10.3.2 Europe market estimation and forecast, by device, 2016-2027
10.3.3 Europe market estimation and forecast, by service, 2016-2027
10.3.4 Germany
10.3.4.1 Germany market estimation and forecast, by type, 2016-2027
10.3.4.2 Germany market estimation and forecast, by device, 2016-2027
10.3.4.3 Germany market estimation and forecast, by service, 2016-2027
10.3.5 UK
10.3.5.1 UK market estimation and forecast, by type, 2016-2027
10.3.5.2 UK market estimation and forecast, by device, 2016-2027
10.3.5.3 UK market estimation and forecast, by service, 2016-2027
10.3.6 France
10.3.6.1 France market estimation and forecast, by type, 2016-2027
10.3.6.2 France market estimation and forecast, by device, 2016-2027
10.3.6.3 France market estimation and forecast, by service, 2016-2027
10.3.7 Rest of Europe
10.3.7.1 Rest of Europe market estimation and forecast, by type, 2016-2027
10.3.7.2 Rest of Europe market estimation and forecast, by device, 2016-2027
10.3.7.3 Rest of Europe market estimation and forecast, by service, 2016-2027
10.4 Asia Pacific
10.4.1 Asia Pacific market estimation and forecast, by type, 2016-2027
10.4.2 Asia Pacific market estimation and forecast, by device, 2016-2027
10.4.3 Asia Pacific market estimation and forecast, by service, 2016-2027
10.4.4 China
10.4.4.1 China market estimation and forecast, by type, 2016-2027
10.4.4.2 China market estimation and forecast, by device, 2016-2027
10.4.4.3 China market estimation and forecast, by service, 2016-2027
10.4.5 Japan
10.4.5.1 Japan market estimation and forecast, by type, 2016-2027
10.4.5.2 Japan market estimation and forecast, by device, 2016-2027
10.4.5.3 Japan market estimation and forecast, by service, 2016-2027
10.4.6 South Korea
10.4.6.1 South Korea market estimation and forecast, by type, 2016-2027
10.4.6.2 South Korea market estimation and forecast, by device, 2016-2027
10.4.6.3 South Korea market estimation and forecast, by service, 2016-2027
10.4.7 India
10.4.7.1 India market estimation and forecast, by type, 2016-2027
10.4.7.2 India market estimation and forecast, by device, 2016-2027
10.4.7.3 India market estimation and forecast, by service, 2016-2027
10.4.8 Southeast Asia
10.4.8.1 Southeast Asia market estimation and forecast, by type, 2016-2027
10.4.8.2 Southeast Asia market estimation and forecast, by device, 2016-2027
10.4.8.3 Southeast Asia market estimation and forecast, by service, 2016-2027
10.4.9 Rest of Asia Pacific
10.4.9.1 Rest of Asia Pacific market estimation and forecast, by type, 2016-2027
10.4.9.2 Rest of Asia Pacific market estimation and forecast, by device, 2016-2027
10.4.9.3 Rest of Asia Pacific market estimation and forecast, by service, 2016-2027
10.5 Latin America
10.5.1 Latin America market estimation and forecast, by type, 2016-2027
10.5.2 Latin America market estimation and forecast, by device, 2016-2027
10.5.3 Latin America market estimation and forecast, by service, 2016-2027
10.5.4 Brazil
10.5.4.1 Brazil market estimation and forecast, by type, 2016-2027
10.5.4.2 Brazil market estimation and forecast, by device, 2016-2027
10.5.4.3 Brazil market estimation and forecast, by service, 2016-2027
10.5.5 Rest of Latin America
10.5.5.1 Rest of Latin America market estimation and forecast, by type, 2016-2027
10.5.5.2 Rest of Latin America market estimation and forecast, by device, 2016-2027
10.5.5.3 Rest of Latin America market estimation and forecast, by service, 2016-2027
10.6 Middle-East & Africa
10.6.1 Middle-East & Africa market estimation and forecast, by type, 2016-2027
10.6.2 Middle-East & Africa market estimation and forecast, by device, 2016-2027
10.6.3 Middle-East & Africa market estimation and forecast, by service, 2016-2027
10.6.4 GCC
10.6.4.1 GCC market estimation and forecast, by type, 2016-2027
10.6.4.2 GCC market estimation and forecast, by device, 2016-2027
10.6.4.3 GCC market estimation and forecast, by service, 2016-2027
10.6.5 North Africa
10.6.5.1 North Africa market estimation and forecast, by type, 2016-2027 108
10.6.5.2 North Africa market estimation and forecast, by device, 2016-2027
10.6.5.3 North Africa market estimation and forecast, by service, 2016-2027
10.6.6 South Africa
10.6.6.1 South Africa market estimation and forecast, by type, 2016-2027
10.6.6.2 South Africa market estimation and forecast, by device, 2016-2027
10.6.6.3 South Africa market estimation and forecast, by service, 2016-2027
10.6.7 Rest of Middle East & Africa
10.6.7.1 Rest of Middle East & Africa market estimation and forecast, by type, 2016-2027
10.6.7.2 Rest of Middle East & Africa market estimation and forecast, by device, 2016-2027
10.6.7.3 Rest of Middle East & Africa market estimation and forecast, by service, 2016-2027

Chapter 11 Competitive Landscape

11.1 Company market share/positioning analysis, 2020
11.2 Market players landscape
11.2.1 List of suppliers
11.2.1.1 Raw material suppliers
11.2.1.2 Medical device manufacturers
11.2.2 List of end-users

Chapter 12 Company Profile

12.1 McKesson Corporation
12.1.1 Company overview
12.1.2 Business outline
12.1.3 Financial performance
12.1.4 Product line
12.1.5 Recent developments
12.2 GE Healthcare
12.2.1 Company overview
12.2.2 Business outline
12.2.3 Financial performance
12.2.4 Product line
12.2.5 Recent developments
12.3 F. Hoffmann-La Roche
12.3.1 Company overview
12.3.2 Business outline
12.3.3 Financial performance
12.3.4 Product line
12.3.5 Recent developments
12.4 Linde plc
12.4.1 Company overview
12.4.2 Business outline
12.4.3 Financial performance
12.4.4 Product line
12.4.5 Recent developments
12.5 Fresenius Medical Care
12.5.1 Company overview
12.5.2 Business outline
12.5.3 Financial performance
12.5.4 Product line
12.5.5 Recent developments
12.6 A&D Company
12.6.1 Company overview
12.6.2 Business outline
12.6.3 Financial performance
12.6.4 Product line
12.7 OMRON Corporation
12.7.1 Company overview
12.7.2 Business outline
12.7.3 Financial performance
12.7.4 Product line
12.8 Amedisys Inc.
12.8.1 Company overview
12.8.2 Business outline
12.8.3 Financial performance
12.9 Product line
12.9.1 Recent developments
12.10 Kindred Healthcare
12.10.1 Company overview
12.10.2 Business outline
12.10.3 Product line
12.10.4 Recent developments
12.11 LHC Group
12.11.1 Company overview
12.11.2 Business outline
12.11.3 Financial performance
12.11.4 Product line
12.11.5 Recent developments
12.12 BAYADA Home Health Care
12.12.1 Company overview
12.12.2 Business outline
12.12.3 Product line
12.12.4 Recent developments
12.13 Koninklijke Philips N.V.
12.13.1 Company overview
12.13.2 Business outline
12.13.3 Financial performance
12.13.4 Product line
12.13.5 Recent developments

Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.

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