Middle East and Africa Home Healthcare Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product Type (Therapeutic, Diagnostic, and Mobility Assist), Indication (Cancer, Respiratory Diseases, Mobility Disorders, Cardiovascular Disorders, Pregnancy, Wound Care, Diabetes, and Other Indications), and Service (Skilled Nursing, Rehabilitation Therapy, Hospice and Palliative Care, Unskilled Care, Respiratory Therapy, Infusion Therapy, and Pregnancy Care)
The Middle East and Africa home healthcare market is expected to reach US$ 22,558.95 million by 2028 from US$ 13,790.52 million in 2020; it is estimated to grow at a CAGR of 7.3% from 2021 to 2028. The growth of the market is attributed to some of the key driving factors such as increasing preference for home healthcare settings in developing nations and rising focus on telehealth. However, limited insurance coverage and patient safety concerns hinder the growth of the market to a certain extent.
Home healthcare encompasses a wide range of healthcare services provided for managing illnesses at home. Growing support from the government to encourage establishment of home care settings by encouraging the launch of product required for home care settings are the prominent factors supporting the growth of the home healthcare market in the Middle East and Africa. Hospital-at-home initiatives hospital-at-home programs that confer flexibility to hospitals to provide their patients with hospital-level care in their homes. The concept of home healthcare in countries such as Saudi Arabia and the UAE are still in the early growth phase. Moreover, various strategies adopted by the home care setting industry players, including product launches, collaborations, and innovations, are accelerating the market growth. Health systems are adopting telehealth as a tool to extend care at homes to improve outcomes and lower treatment costs. This is encouraging the introduction of more portable and affordable home healthcare devices. Apart from this, increasing partnerships in service providers is further propelling the growth of the market.
As COVID-19 continues to burden health care institutions, the preference for home-based care is growing at a rapid pace. The COVID-19 pandemic has a mixed impact on the Middle East and Africa home healthcare market. It is boosting the adoption of home healthcare monitoring products such as blood glucose monitors, blood pressure monitors, pulse oximeters, and temperature monitors. However, many other companies and service providers have experienced decline in sales due to the discontinuation of manufacturing operations and disruption of supply chains. However, this downturn in is expected to continue for a short term, as the business are gradually picking pace post lockdown. Also, increasing collaborative efforts between service providers is offering lucrative opportunities for the market growth. The pandemic has encouraged trends favoring home care as an alternative to frequent hospital visits.
The Middle East and Africa home healthcare market, by product type, is segmented into therapeutic, diagnostic, and mobility assist. The therapeutic segment held the largest share of the market in 2020. Also, the diagnostic segment is anticipated to register the highest CAGR in the market during the forecast period.
The Middle East and Africa home healthcare market, by indication, is segmented into cancer, respiratory diseases, mobility disorders, cardiovascular disorders, pregnancy, wound care, diabetes, and other indications. The cancer segment held the largest market share in 2020. However, the mobility disorders segment is anticipated to register the highest CAGR in the market during the forecast period.
The Middle East and Africa home healthcare market, by service, is segmented into skilled nursing, rehabilitation therapy, hospice and palliative care, unskilled care, respiratory therapy, infusion therapy, and pregnancy care. The skilled nursing segment held the largest share of the market in 2020. Further, the hospice and palliative care segment is anticipated to register the highest CAGR in the market during the forecast period.
A few of the primary and secondary sources associated with this report on the Middle East and Africa home healthcare market are the Global Burden of Disease (GBD), Hamad Bin Khalifa (HBK), and National Centre for Biotechnology Informat
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