A person who gives care to people who need help taking care of themselves. Examples include children, the elderly, or patients who have chronic illnesses or are disabled. Caregivers may be health professionals, family members, friends, social workers, or members of the clergy. They may give care at home or in a hospital or other health care setting. A caregiver gives care to someone who needs help taking care of themselves. The person who needs help may be a child, an adult, or an older adult. They may need help because of an injury, chronic illness, or disability. Some caregivers are informal caregivers. They are usually family members or friends. Other caregivers are paid professionals. Caregivers may give care at home or in a hospital or other health care setting. The dependency on social media tools is likely to change the fibric of this market in coming years. Every day more and more healthcare professionals are utilizing diverse social patforms to share relevant information and compare improve quality of services being offered, and also train in medical personnel.
Market Dynamics
The key market players are focusing on adoption of growth organic strategies such expanding their business to another region, which is attributed to the growth of Global Health Caregiving market. For instance, in April 2020, Homage, a healthcare center that offers non-medical and medical services to seniors and adults, announced that it use its Series B funding to expand into five new countries in the Southeast Asia, Homage is addressing the issue with a platform that takes a curated approach to pairing caregivers and families, using a combination of in-person screening and its matching engine to make the process more efficient.
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