Home Healthcare Market Growth and Development Insight - Size, Share, Growth, and Industry Analysis
MarkNtel Advisors recently published a detailed industry
analysis of the Home Healthcare Market. The report
covers growth trends, geographical marketing strategies, challenges,
opportunities, and drivers influencing the market.
Insights and Analysis
of the Home Healthcare Market (2024-2030)
The Global
Home Healthcare Market size was valued at USD 390.24 billion in
2023 and is projected to reach USD 666.91 billion by 2030.
Along with this, the market is estimated to grow at a CAGR of around
7.60% during the forecast period, i.e., 2024-30.
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What is driving the Home
Healthcare Market?
Lack of Healthcare
Facilities & Medical Professionals – In many countries like India,
China, GCC, Vietnam, the Philippines, Nigeria, and others, despite the
significant proportion of the diseased population, there is a lack of
healthcare facilities that could cater to the patients who tend to suffer from
diseases like CVDs, cancer, sleep apnea, and others. As a result, the focus has
been shifting towards home healthcare leading to enhanced adoption of products
like blood glucose monitors, sleep apnea therapeutic devices, ventilators, and
numerous others and a heightened need for services like respiratory therapy
services, skilled nursing services, etc.
Moreover, in both developing and certain developed countries
like the US & UK, not enough medical professionals in different specialties
like orthopedics, cardiology, respiratory, radiology, and others are present.
However, patient visitations have been increasing and eventually, the burden on
the healthcare system has been greater than before. To cater to a large number
of patients at once, healthcare providers have been releasing those who they
thought received sufficient treatment, although these patients still need care
& assistance. Due to this, patients as well as their family members have
been choosing suitable home healthcare services that allow proper recovery.
Hence, the market for Home Healthcare has been experiencing positive growth
trends. For instance,
·
As per the US Department of Health & Human
Services, the projected demand for healthcare workers is around 60,160 in the
US. However, the expected supply would be around 53,860, highlighting a
significant gap.
What segments define
the Home Healthcare Market from 2024 to 2030? How do these segments contribute
to market dynamics and growth?
By Product
(Therapeutic Products, (Dialysis Equipment, Inhalers, IV
Equipment, Infusion Pumps, Sleep Apnea Therapeutic Devices, Ventilators,
Nebulizers, Others (Wound Care Products, Oxygen Delivery Systems, etc.)),
Monitoring Products, (Blood Glucose Monitors, Blood Pressure Monitors, Pulse
Oximeters, Sleep Monitoring Devices, Electrocardiogram Monitor, Fetal Monitors,
Others (Weight scale, Blood coagulation (PT/INR) meter, etc.)), Testing Kits,
(Pregnancy Test Kits, Male & Female Stress Hormone Test Kits, Cholesterol
Test Kits, Allergy Test Kits, HIV Test Kits , Colon Cancer Test Kits, Others
(Drugs, Alcohol, Nicotine Test Kits, etc.)), Mobility Care/Assistive Products,
(Wheelchairs, Walkers, Crutches, Canes, Hearing Aid, Others (Scooter, Orthotic
devices, etc.)), IT & Software, Others (Feeding Equipment, Medication
Administration Equipment, etc.))),
By Services
(Rehabilitation Therapy Services, Respiratory Therapy
Services, Pregnancy Care Services, Skilled Nursing Services, Unskilled Care
Services, Others (Infusion Therapy Services, Hospice & Palliative Care
Services, etc.))
By Regions
North America, South America, Europe, The Middle East &
Africa, Asia-Pacific
Explore the Complete Home
Healthcare Market Analysis Report – https://www.marknteladvisors.com/research-library/global-home-healthcare-market.html
Who are the leading
key players shaping the Home Healthcare Market landscape?
Fresenius SE & Co. KgaA, GE Healthcare, Linde plc,
Amedisys, Care24, LHC Group, Inc., Vitalograph, advice Pflegedienst GmbH,
RENAFAN GmbH, Addus HomeCare, Caremax Rehabilitation Equipment Co., Ltd., Alora
Health, Portea Medical, BAYADA Home Health Care, Koninklijke Philips N.V., and
Others
Questions Addressed
in this Study
1.What factors are driving the Home Healthcare Market
growth?
2.How is the Home Healthcare Market expected to grow over
the next five years?
3.What are the key insights into the current trends in the Home
Healthcare Market?
4.What is the current size of the Home Healthcare Market,
and how is it projected to change in the future?
6.What is the future outlook for the Home Healthcare Market
in terms of technological advancements and market expansion?
For a Customized
Analysis Report, Just Drop Your Inquiry Here – https://www.marknteladvisors.com/query/request-customization/global-home-healthcare-market.html
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Advisors?
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governments, & individuals, among others.
Our specialization in niche industries & emerging
geographies allows our clients to formulate their strategies in a much more
informed way and entail parameters like Go-to-Market (GTM), product
development, feasibility analysis, project scoping, market segmentation,
competitive benchmarking, market sizing & forecasting, & trend
analysis, among others, for 15 diverse industrial verticals.
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