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Impact of Covid19 on Home Healthcare Market, Future Growth 2020-2027 | Market to Reach USD 680.35 Billion with CAGR 11.6 %

: New York, United States, 14-July 2020, (Via WiredRelease), (Reports and Data) – The Global Home Healthcare Market is forecast to reach USD 680.35 Billion by 2027. The global Home Healthcare market is currently observing a tremendous pace owing to the growing prevalence of the telehealth system, the rising cost of the hospital beds, unavailability of the ambulance service in rural or remote areas, availability of the skilled nursing care at home, and overall affection for the home healthcare systems compared to hospital admissions coupled with growing geriatric population, pediatric deformity, the proliferation of chronic diseases, and the rising rate of novel pandemics globally.

Tele-ICU has been one of the most trendy technology in the ICU management or critical care patient monitoring market, due to its cost-effective solutions against conventional 24/7 critical care team monitoring for a particular patient. Tele-ICU provides incessant technological advancements in centralized and remote patient monitoring through a number of hardware and software deployed in intensive care units. Incorporating a minimal amount of handy hardware can provide highly spontaneous solutions with advanced monitoring and alarming systems and reduce the burden of undergoing huge expenses of the critical care units, having treated the critical care patients right from their home.

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The COVID-19 impact:
The COVID-19 global pandemic has created an endless requirement of the intensive care units and isolation wards in almost all the countries around the world. Even the top tier countries in healthcare facilities have observed shortage in the critical care units and sufficient isolation wards for contagious infections due to a record number of severe patient counts of coronavirus. Even after so many initiations by newly setting up and renovating the general wards to isolation & intensive care units, many countries are desperately in need of a preponderant number of such wards in order to cater to a huge count of coronavirus patients. In this scenario, many countries have emphasized on incorporating the practice of home healthcare system for both the isolation purpose of the COVID-19 positive patients and other non-severe diseases and ailments.

Key participants include

McKesson Medical-Surgical Inc., Medline Industries, Inc., 3M Healthcare, Brookdale Senior Living, Inc., Home Health Services Ltd., Genesis Healthcare Corp., Home Instead Senior Care, Inc., Care UK Limited, Becton, Dickinson And Company, ConvaTec Group PLC, and Extendicare, Inc. among many others.

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For the purpose of this report, Reports and Data have segmented into the global Home Healthcare market on the basis of type, propellants, application, and region:

Product Outlook (Revenue, USD Million; 2019-2027)

Homecare Diagnostic Therapeutics Mobility Care

Software Outlook (Revenue, USD Million; 2019-2027)

Agency Software Clinical Management Systems Hospice Solutions

Services Outlook (Revenue, USD Million; 2019-2027)

Rehabilitation Infusion Therapy Unskilled Care Respiratory Therapy Pregnancy Care Telemetry Hospice & Palliative Care

Purposes Outlook (Revenue, USD Million; 2019-2027)

Chronic Diseases Infectious Diseases Psychological Diseases Geriatric Diseases Pediatric Diseases Fertility Treatments & Pregnancy Nutrition & General Consultancy Others

Types Outlook (Revenue, USD Million; 2019-2027)

Home Healthcare Monitoring Home Healthcare Services Home Healthcare Software Solutions

Regional Outlook (Revenue, USD Million; 2017-2027)

North America S Europe K France Asia Pacific China India Japan MEA Latin America Brazil

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Key aspects of the Home Healthcare Market Report:

The report comprises of Home Healthcare market overview, market share, demand and supply ratio, supply chain analysis, and import/export details. The report explores different strategies and procedures undertaken by key market players that assist in making profitable decisions. The report covers all the crucial information about the products and services of major competitors.

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Last Updated: 16-Jul-2020