Home Healthcare Market Next Big Thing | Major Giants Apple Home Healthcare, Arcadia, Davita Inc, Diaverum, Home Health Care, Inc, Home Healthcare Solutions Company, LLC
A comprehensive Study accomplished by Data Bridge Market Research on both global and regional sales of Home healthcare market which provides a better understanding of the present market Size, landscape, Development, status and Growth Opportunities during 2020 to 2027. This report details the levels and revenues of the CAGR for the historic year 2016, the base year 2017 and the forecast period for the Home healthcare market from 2020 to 2027. The Home healthcare market report contains all the limitations and drivers interpreted by SWOT analysis for the Home healthcare market. The report includes key market influencer company profiles. The report provides a quantitative analysis of the current market and estimations through 2014-2020, which would enable the stakeholders to capitalize on prevailing market opportunities. This report reviews market definition explanations, classifications, applications, commitments, and market trends. It also provides knowledge of all recent developments, product launches, joint ventures, fusions and acquisitions by the different key players and brands dominant on the market. Those reading the report will have a clear understanding of the operating system of the market. The potential of this industry segment has been rigorously investigated in conjunction with primary market challenges. At present, the market is developing its presence and some of the Home healthcare market key players Involved in the study are Koninklijke Philips N.V., Air Liquide, Amedisys, Apple Home Healthcare, Arcadia, Davita Inc, Diaverum, Home Health Care, Inc, Home Healthcare Solutions Company, LLC, Kindred Healthcare, LLC, LHC Group, Inc., National HealthCare Corporation and PORTEA MEDICAL, OMRON Corporation, Air Liquide and more
Home healthcare market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses that the market is growing with a CAGR of 8.6% in the forecast period of 2020 to 2027 and expected to reach USD 520,594.06 million by 2027 from USD 273,118.18 million in 2019. Rising minimally invasive diagnostic and therapeutic interventional procedures and increasing prevalence of chronic diseases are the factors for the market growth.
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Home healthcare market has shown an exceptional penetration in countries such as U.S., U.K. and China. Increasing aging population for the purpose of care and treatment has propelled the demand of the market. In developing countries, increasing advancement in the technology is creating opportunity for home healthcare market.
Home Healthcare Market Scenario
According to Data Bridge Market Research, home healthcare market in North America region has the highest market share followed by Europe and Asia-Pacific. The market leader Koninklijke Philips N.V. accounts an estimated market share of approximately 30% to 35% in home healthcare market. The revenue of Koninklijke Philips N.V. has increased nearly by 2% from 2018 to 2019. 810.10 million 2019 as compared to 2018.
- In August 2016, Koninklijke Philips N.V. (Netherlands) and Qualcomm Technologies, Inc. (U.S.) entered into strategic collaboration. With the collaboration the company helped to prevent from chronic care management and also provide healthy living.
Home healthcare is useful in getting diagnosis and treatment of the disease among patients at home. Home healthcare provides wide range of health care services which are usually more convenient, expensive, and provided at door steps. It includes skilled medical professionals, including physical therapy, occupational therapy, skilled nursing care, and speech therapy.
Increasing prevalence of diseases such as cardiovascular, metabolic, Parkinson’s diseases, infectious diseases (HIV/AIDS) and others have lead the demand for the home healthcare. Hospitalization for long term is not carried out in hospitals which have led the introduction of home healthcare. Home healthcare provides better treatment facilities with skilled professionals for patients suffering from diseases. For instance, according to CDC, around 6.7% of the U.S. population has Coronary Artery Disease in 2017. This has led the demand for long term care for the patients at home.
Competitive Landscape and Home Healthcare Market Share Analysis
Home healthcare market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, , product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to home healthcare market.
The major players covered in the report are Koninklijke Philips N.V., Air Liquide, Amedisys, Apple Home Healthcare, Arcadia, Davita Inc, Diaverum, Home Health Care, Inc, Home Healthcare Solutions Company, LLC, Kindred Healthcare, LLC, LHC Group, Inc., National HealthCare Corporation and PORTEA MEDICAL, OMRON Corporation, Air Liquide, B. Braun Melsungen AG, BPL Medical Technologies, CARDINAL HEALTH and Sunrise Medical (US) LLC among other players domestic and global. Home healthcare market share data is available for Global, North America, Europe, Asia-Pacific, Middle East and Africa and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Many joint ventures and developments are also initiated by the companies worldwide which are also accelerating the global home healthcare market.
- In July 2018, OMRON Corporation has acquired 3A Health Care s.r.l. which is a leader in the development and production of surgical aspirators and specialized aerosol therapy devices. This acquisition has helped the company to provide large number of products in market to prevent and treat airway diseases among patients.
- In September 2017, Air Liquide has launched Chronic Care Connect, a technology which is a remote monitoring solution. This product helps patients to get treatment from chronic conditions sitting at their own home. Through this technology, patients can be monitored on a daily basis. With the launch of the product, the company has increased its revenue in healthcare sector.
Partnership, joint ventures and other strategies enhance the company market share with increased coverage and presence. It also provides the benefit for organisation to improve their offering for home healthcare through expanded model range.
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Key Pointers Covered in Home Healthcare Market Industry Trends and Forecast to 2027
- Market Size
- Market Standards and Changes
- Market Trials in Different Regions
- Market Requirements in Different Regions
- Market Shares in Different Regions
- Recent Developments for Market Competitors
- Recent Market Value for Different Regions
- Sales Data for Market Competitors
- Key Vendors and Disruptors Study
- Supply Chain Competiveness
- Value Chain Analysis
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