Key players of Home Healthcare Market are Medtronic, Kindred Healthcare, Inc., Koninklijke Philips N.V., Invacare Corporation, Abbott, Bayer AG, Fresenius SE & Co, KGAA, Braun Melsungen AG, Sunrise Medical Inc., 3M Health Care, Baxter, Cardinal Health Inc., Roche Diagnostics Corp., Air Liquide, Arcadia Health Care, Amedisys Inc., Nxstage Medical Inc., Arkray Inc., Apria Healthcare Group, Odyssey Healthcare Inc., Becton, Dickinson and Company, Critical Homecare, National Healthcare Corp., Omron Healthcare Inc.
The global home healthcare market size was valued at USD 179 Bn in 2019 and is anticipated to grow at a CAGR of XX% from 2020 to 2027. Population aging around the world & improved patient inclination for value-based healthcare are estimated to fuel the market development. According to MMR study, there were 703 Mn persons aged 65 years or over in the world in the year 2019. The number of older individuals is estimated to double to 1.5 Bn by 2050. The aging populace demands more patient-centric healthcare services, which in return raises the demand for healthcare workers & agencies & is expected to drive market development.
As per the Bureau of Labor Statistics, a rising workforce pertaining to healthcare service interprets to the growing demand for home health & personal healthcare aides & is anticipated to outpace the healthcare sector’s development, with more than 4 Mn jobs only in the home healthcare sector. Value-based healthcare is another main influence causal to the market. In most of the established & emerging nations, the central government is offering either partial or complete coverage for the in-home services. In the U.S., Medicare compensations are highly promising in delivering value-based healthcare for better patient outcomes at a small cost. Thus, in-home care has become a modality of excellent treatment. In the U.S., Medicare is the main only payer of home healthcare services. Medicare spending accounts for more than 40 percent of home health expenses. Medicaid expenditures are divided into three key categories the traditional home health advantage (mandatory), the personal healthcare choice, & home & community-based waivers as an elective program. Together, these three home healthcare service classes hold a small share of overall Medicaid expenditures.
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about Global Home Healthcare Market. The report encompasses the market by different segments, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics and future opportunities that might exist in Global Home Healthcare Market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors has been taken into consideration for enhancing market know-how of our clients and at the same time explain Global Home Healthcare Market positioning of competitors.
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