Home Healthcare Market – Global Industry Analysis, Size, Share, Trends and Forecast, 2014 – 2022
Home healthcare is a wide range of medical solutions, products and services, which provide health monitoring, treatment and regular support to patients at home. Home healthcare is generally less expensive, more convenient and as effective as care you receive in a hospital or nursing home.
Home Healthcare Market - Global Industry Analysis, Size, Share, Trends and Forecast, 2014 – 2022
Fig. Home Healthcare Market Projection
Home healthcare is a wide range of medical solutions, products and services, which provide health monitoring, treatment and regular support to patients at home. Home healthcare is generally less expensive, more convenient and as effective as care you receive in a hospital or nursing home. Primary factors driving this market include rise in base of geriatric population, increasing number of patients with chronic diseases, growing awareness about home health among the population, growing demand for affordable healthcare treatments, pressure to reduce the healthcare treatments costs, technological innovations, and government support to promote home healthcare. In addition, increasing acceptance of home healthcare as a cost effective alternative solution to traditional treatments and growing number of workforce related to these services increasing the demand for home healthcare services. Moreover, the construction and maintenance of hospitals are capital intensive in nature and incur large investments in terms of capital and operational expenses. Therefore, healthcare providers strategically with the help of mergers and acquisitions are now entering the rapidly growing home healthcare market in an effort to exploit on the available prospects in this market. The global market for home healthcare is expected to reach around USD 400 billion by 2022, growing at a CAGR of 9.8% during the forecast period of 2016e to 2022f.
Geographically, North America is leading contributor to the market and is expected to retain its position during the forecast period. Nonetheless, the market for Asia-Pacific region is expected to grow at a faster rate owing to increasing prevalence chronic diseases, growing awareness among the population, increasing adoption of new technologies, large number of new players entering into the market, improving healthcare infrastructure, rise in healthcare spending, and favorable government policies.
Almost Family Inc.
Braun Melsungen AG
Johnson & Johnson
Dickinson and Company
Cardinal Health Inc.
Fresenius SE & Co. KGaA
Roche Holdings AG.
The report delivers a strategic analysis of the global market for home healthcare and growth forecast for the period from 2016e – 2022f. The scope of the report includes competitive analysis of various market players who are operating in the market, segmental analysis based on type of indication. It also covers geographical analysis of the market with growth forecast for the period of 2016e – 2022f. The Porter’s Five Forces analysis and value chain analysis included in the report provides an insight into market dynamics and industry competition.
The study also provides information for recent merger and acquisition deals happened in the global home healthcare market. Moreover, the report also includes growth strategies and entry barriers to be considered to cater to the exact business opportunities in this market. Additionally, to aid in strategic decision making, the report also includes competitive profiling of leading players, recent developments in the industry and various business strategies adopted by them. This report will help players in global home healthcare market to plan and implement their strategies in different market areas such as emerging geographies, and new technologies