Home Healthcare Market Is Expected to reach USD 4 Bn by 2030

Home Health Care Market Projected to reach global market revenues of over US$ 4 Bn by the end of 2030. There are a number of reasons why the global home healthcare market is predicted to multiply in the years to come. These are: the increase in geriatric population that find it difficult to visit hospitals as well as other diagnostic centres repeatedly, the efforts undertaken by the government for promoting home healthcare, chronic illnesses, the increasing healthcare expenditure, the growing need for reasonably priced treatments, and the technological improvements in the field of pharmaceuticals as well as medical science.

However, factors like stern reimbursement policies, the safety issues of patients, as well as the low insurance coverage are acting as hurdles for the growth of home healthcare market.

The players operating in the global home healthcare market are predicted to get new income sources because of the drifting trend towards telehealth and wide unfulfilled demand from the emerging economies but only if they can meet the needs of skilled home care employees.

It is predicted that the global home healthcare market will have a significant success in the time to come. With the help of home health care, the patients receive a lot of treatments right from their homes and the home healthcare market is seen to be growing in popularity in cases where the patient does not need any major treatments, and it is also cheaper in comparison to the treatments in hospitals.

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Global Home Health Care Market: Trends and Opportunities

In today’s generation where most of the services can be availed from any place, it is only the healthcare services that still require to be held in a particular and professionally controlled environment. But with the change in the attitude of consumers now require quality services right from their houses is making it necessary to decentralize health care services and provide the patients with what they prefer.

The factors that are boosting the global home healthcare market are the growth in the number of old people, the growing number of reoccurring illnesses, the favourable steps that the government has undertaken as well as the increasing need for cheap healthcare services. The primary drivers of the global home healthcare market are the growing demand for testing, monitoring, mobility care products, therapeutic products, as well as screening products, and among all these it is the need for products that are taken into use for testing for diagnosis of illnesses that are on the higher side.

Regions covered – North America (US & Canada), Europe (UK, Germany, France, Spain, Italy, Russia, BENELUX and Rest of Europe), Latin America (Brazil, Mexico, and  Rest of LA), East Asia (China, Japan and South Korea) South Asia (India, Indonesia, Malaysia, Thailand and Rest of South Asia), Oceania (Australia  and New Zealand) and MEA (GCC, South Africa, Turkey, Northern Africa and Rest of MEA)

The major players in the market include:

• Coloplast A/S
• Braun Melsungen AG
• Baxter International Inc
• Hollister Incorporated
• Becton Dickinson and Co
• ConvaTec Group Plc
• Medtronic plc..

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Market segmentation

• Product:
• Infusion Systems
  • Ambulatory Infusion Pumps
    • Disposable Ambulatory Infusion Pumps
    • Reusable Ambulatory Infusion Pumps
  • Implantable Infusion Pumps
  • Infusion Disposable Sets
  • Syringe Pumps
    • PCA Syringe Pumps
    • Standard Syringe Pumps
  • Volumetric Pumps
• Pressure Relief Devices
  • Mattress Overlays
    • Dynamic Mattress Overlays
    • Static Mattress Overlays
  • Mattresses
    • Dynamic Mattresses
    • Static Mattresses
  • Specialty Beds
• Hydrocolloids Dressings
  • Antimicrobial Hydrocolloid Dressings
  • Non Antimicrobial Hydrocolloid Dressing
• Hydrofibres Dressings
  • Antimicrobial Hydrofibre Dressings
  • Non Antimicrobial Hydrofibre Dressings
• Hydrogels Dressings
  • Antimicrobial Hydrogel Dressings
  • Non Antimicrobial Hydrogel Dressings
• Semi-Permeable Films Dressings
  • Antimicrobial Film Dressings
  • Non Antimicrobial Film Dressings
• Superabsorbents Dressings
  • Antimicrobial Superabsorbents
  • Non Antimicrobial Superabsorbents
• Wound Contact Layers
  • Antimicrobial Wound Contact Layers
  • Non Antimicrobial Wound Contact Layers
• Gauze Sponges
  • Non-Woven Gauze Sponges
  • Woven Gauze Sponges
• Gauzes
  • Non-Woven Gauzes
  • Woven Gauzes
• Sponges
  • Non-Woven Sponges
  • Woven Sponges
• Ostomy Drainage Bags
  • Colostomy Drainage Bags
    • One – Piece Colostomy Drainage Bags
    • Two – Piece Colostomy Drainage Bags
  • Ileostomy Drainage Bags
    • One – Piece Ileostomy Drainage Bags
    • Two – Piece Ileostomy Drainage Bags
  • Urostomy Drainage Bags
    • One – Piece Urostomy Drainage Bags
    • Two – Piece Urostomy Drainage Bags

Application:

• Total Parenteral Nutrition (TPN)
• IV Medication
• Pressure Ulcers
• Stoma Care

Region:

• North America Home Healthcare Market
• Latin America Home Healthcare Market
• Europe Home Healthcare Market
• East Asia Home Healthcare Market
• South Asia & Pacific Home Healthcare Market
• Middle East & Africa (MEA) Home Healthcare Market

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