Home Healthcare Market – Industry Growth Opportunities Revenue, Trends, overview Forecast 2025. Global Home Healthcare Market is expected to reach USD 423,848.95 million by 2025,from USD 241,483.37 million in 2017 growing at a CAGR of 7.5% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
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Major Market Competitors/Players: Global Home Healthcare Market
Some of the prominent participants operating in this market are Apple Home healthcare., Home Health Care, Inc, Home Healthcare Solutions, OMRON Corporation., Kindred Healthcare, Inc., Portea Medical|, Koninklijke Philips N.V.,, Air Liquide, Kinnser Software, Inc., LHC Group, Inc. , National HealthCare Corporation., Sunrise Medical (US) LLC, arcadia.io., B. Braun Melsungen AG, Amedisys, BPL Medical Technologies, DaVita Inc., Diaverum, Cardinal Health, Medtronic and among others.
Competitive Analysis: Global Home Healthcare Market
The global home healthcare market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of home healthcare market for global, Europe, North America, Asia Pacific and South America.
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Market Definition: Global Home Healthcare Market
Home care market provides medical benefits to patients to avoid the hospital admission or patients who are unable to visit the hospitals again. Home healthcare services include personal care like bathing, washing hair, or getting dressed and homemaking which includes cleaning, yard work and laundry. As per Centers for Disease Control and Prevention, around 12,400 health agencies were there in 2014 that were providing the home healthcare services. In April 2018, LHC Group Inc., merged with the Almost Family, Inc. (U.S.) which delivered the growth potential in businesses and accelerates the growth with additional joint ventures and acquisitions. In January 2015, Air Liquide acquired optimal medical therapies. Through this acquisition Air Liquide, maintains its position in the German home healthcare market. In December 2014, Air Liquide announced the acquisition of a portion of ARAIR Group which added strength to home healthcare for patients suffering from chronic illnesses in France.
Major Market Drivers and Restraints:
- Increasing cases of chronic diseases
- Technological advancement
- Increasing geriatric population
- Insurance coverage
- Emerging markets
- Increasing demand of telehealth
- Lack of skilled home care service providers
Demand Side: Doctors, Surgeons, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Technological Writers, Scientists, among others.
Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among others
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Reasons to Purchase this Report
- Current and future of global home healthcare market outlook in the developed and emerging markets
- The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period.
- Regions/countries that are expected to witness the fastest growth rates during the forecast period
- The latest developments, market shares, and strategies that are employed by the major market players
Customization of the Report
- The report includes the complete segmentation displayed above across all above mentioned countries
- All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)
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