Home Healthcare Market is expected to reach USD 316.34 Billion by 2027 with the CAGR of 8.20% over the forecast period
Pune, Maharashtra, India, February 15 2021 (Wiredrelease) Brandessence Market Research and Consulting Pvt ltd –:Home Healthcare Market Size, By Equipment (Therapeutic, Diagnostic, Mobility Assist), By Services ( Rehabilitation Services, Unskilled Home Care, Respiratory Therapy Services, Infusion Therapy Services, Telemetry) Forecast 2021 To 2027
Increasing ageing population, rising incidences of chronic diseases and need for personal medical care costs are driving the growth of Global Home Health Care Market
“Home Healthcare Market is valued at USD 182.21 Billion in 2020 and expected to reach USD 316.34 Billion by 2027 with the CAGR of 8.20% over the forecast period.”
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Key Players for Home Healthcare Market Report–
Global Home Healthcare market Report covers prominent players are like Roche, Medtronic, Philips, 3M, GE Healthcare, Abbott Laboratories, Almost Family, Braun Melsungen AG, BD, Apple Inc. and other.
Home health care includes a wide range of health care services that can be assumed in-home for an illness or injury. Home health care is usually less expensive, more convenient and effective as care get in a hospital or skilled nursing facility (SNF). Home health care is the provision of services to individuals and their families in their homes for the purpose of promoting, maintaining, or restoring health. Persons using home health care services provided by a home health care agency include the chronically ill and disabled of all ages, those recuperating from hospitalization or acute illness, and the terminally ill. Home health care can include wide care given by skilled medical professionals, including skilled nursing care, physical therapy, occupational therapy and speech therapy. It is a growing industry, with a plethora of highly-specific services available to cater to the wide-ranging and unique needs of the senior citizen population.
Global Home Healthcare market Segmentation:–
Unskilled Home Care
Respiratory Therapy Services
Infusion Therapy Services
North America (USA, Canada, Mexico)
Europe (UK, France, Germany, Russia, Rest of Europe)
Asia-Pacific (China, South Korea, India, Japan, Rest of Asia-Pacific)
LAMEA, Latin America, Middle East, Africa
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North America expected to Dominate the Global Home Healthcare Market
North America is expected to dominate the global home healthcare market trends attributed to the high healthcare expenditure, high disposable income, the increasing overall geriatric population, high disposable income and superior healthcare infrastructure in this region. According to U.S. Centers for Medicare & Medicaid Services, the National Health Expenditure Accounts (NHEA) is the official estimates of total health care spending in the United States. U.S. health care spending grew 4.6 percent in 2018, reaching USD3.6 trillion or USD11, 172 per person. As a share of the nation’s Gross Domestic Product, health spending accounted for 17.7 percent.
In Europe, the central government provides some reimbursement benefits for this service. People are free to choose the suppliers and even the type of healthcare. The trends in home health care is developing at a promising growth in Asia pacific due to the growing elderly population and the rising number of people determined fight diseases like heart issues, diabetes and different respiratory sickness.
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