The global home healthcare market is estimated to reach USD 447.6 billion by 2025 growing at a CAGR of 8.3% during the forecast period, according to a new study published by Report Ocean Market Research.
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The report ?Home Healthcare Market Size, By Component Type (Equipment – (Mobility Assist, Therapeutic, Diagnostics), Service – (Infusion Therapy Services, Telemetry, Respiratory Therapy Service, Rehabilitation, Unskilled Home Care)), By Region: Segment Forecast, 2018 – 2026′ provides an extensive analysis of present market dynamics and predicted future trends.
The rising geriatric population globally and increasing workforce of home healthcare service providers. Moreover, increasing demand for home healthcare, and large number of population suffering from chronic disease that require long term care would retain the home healthcare market. While, increasing mergers and acquisitions between the manufacturers to tap the potential market will also influence the entire industry. However, high cost of service providers can hinder market in the near future.
The major players in the market include GE Healthcare, McKesson Corporation, Roche Holding AG, Linde Corporation, Abbott Laboratories, Omron Healthcare, Philips Healthcare, A&D Company, Kindred Healthcare, LHC Group, Fresenius, Kinnser Software.
Regionally, North America holds the major share of the global home healthcare market. This report cover the following regions: North America, Europe, Asia-Pacific, Latin America, and MEA. In terms of geography, North America accounted majority share in the global market due to huge number of older population that require home care. While, Asia Pacific has a profitable market during the forecast period. This growth is primarily driven by the increasing investment and awareness for home care services in the developing countries on improving the healthcare infrastructure.
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Key Take-away
Based on product type, service dominate the market in 2017.
On the basis of geography, the North America’s region dominates the home healthcare market. whereas, Asia Pacific is would notice high growth rate during the forecast period.
Report Ocean Market Research has segmented the global Home Healthcare market on the basis of Product Type and region type:
Home Healthcare By Product Type (Revenue, USD Billion, 2015 – 2026)
Equipment
Service
Home Healthcare By Geography (Revenue, USD Billion, 2015 – 2026)
North America
U.S.
Canada
Europe
UK
Germany
France
Italy
Spain
Asia-Pacific
China
Japan
India
Australia
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Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
South Africa
Rest of Middle East & Africa
Reasons to Buy This Report
(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.
(B) The report offers comprehensive analysis of Home Healthcare market revenues on a global, regional, and country level, projecting trends until 2032. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.
(C) The research includes segmentation of the Home Healthcare market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.
(D) Analysis of the Home Healthcare market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.
(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.
(F) The study helps evaluate Home Healthcare business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.
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