Home Healthcare Market is Booming Market Growing by 2026 with Top Key Players Apple Home healthcare., Home Health Care, Inc, Home Healthcare Solutions, OMRON Corporation., Kindred Healthcare

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

The 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:

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.

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

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Market Segmentation: Home Healthcare Market

  • The home healthcare market is segmented into component, services and software.
  • Based on component, the market is segmented into products, services, software. The home healthcare segment is further sub-segmented on the basis of product into testing, screening, & monitoring products, therapeutic products and home healthcare mobility care products. Home healthcare market is further sub segmented on the basis of into testing, screening, & monitoring products into blood glucose monitors, blood pressure monitors, cholesterol monitoring devices, pulse oximeters, home hemoglobin a1c test kits, hearing aids, sleep apnea monitors, temperature monitors, ECG/EKG devices, heart rate monitors, peak flow meters, ovulation and pregnancy test kits, coagulation monitors, HIV test kits, pedometers, EEG device and others.
  • Home healthcare market is further sub segmented on the basis of therapeutic products into insulin delivery devices, dialysis equipment; wound care products, inhalers, nebulizers, sleep apnea therapeutic devices, ventilators, oxygen delivery systems and other. Home healthcare mobility products is further sub segmented into canes, crutches, walkers & rollators, wheelchairs, mobility scooters.
  • Based on services, the market is sub-segmented into unskilled care services, rehabilitation therapy services, short-term nursing services, hospice and palliative care services, infusion therapy services, respiratory therapy services, home health aide services, pregnancy care services and others. Home healthcare services are further sub segmented on the basis of rehabilitation therapy services into physical therapy and occupational therapy and speech language pathology.
  • Based on software, the market is sub-segmented into clinical management systems, agency software and hospice solutions.

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