Home Healthcare Market Will Cross USD 391.41 Billion in 2021
Global home healthcare market to surpass $391.41 billion by 2021, at a CAGR of 9.40
Global home healthcare market to surpass $391.41 billion by 2021, at a CAGR of 9.40
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Published By: Zion <strong>Market</strong> Research<br />
<strong>Home</strong> <strong>Healthcare</strong> <strong>Market</strong> set to reach <strong>USD</strong> <strong>391.41</strong><br />
billion by <strong>2021</strong><br />
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<strong>Home</strong> <strong>Healthcare</strong> <strong>Market</strong><br />
Zion <strong>Market</strong> Research has published a new report titled “Global <strong>Home</strong> <strong>Healthcare</strong><br />
<strong>Market</strong> (Diagnostics and Monitor<strong>in</strong>g Devices, Therapeutic <strong>Home</strong> <strong>Healthcare</strong><br />
Devices, Mobility Assist Devices and Medical Supplies) and Services<br />
(Rehabilitation, Telehealth and Telemedic<strong>in</strong>e, Respiratory Therapy, Infusion<br />
Therapy and Unskilled <strong>Home</strong> <strong>Healthcare</strong> Services): Global Industry<br />
Perspective, Comprehensive Analysis and Forecast, 2015 – <strong>2021</strong>.” Accord<strong>in</strong>g to<br />
the report, global home healthcare market was valued at <strong>USD</strong> 228.90 billion <strong>in</strong> 2015<br />
and is expected to generate revenue of <strong>USD</strong> <strong>391.41</strong> billion by <strong>2021</strong>, grow<strong>in</strong>g at a CAGR<br />
of 9.40% between 2016 and <strong>2021</strong>.<br />
<strong>Home</strong> healthcare can be referred as home medical care or formal care. <strong>Home</strong> health<br />
care usually <strong>in</strong>volves help<strong>in</strong>g someone to recover from an illness or <strong>in</strong>jury and live<br />
<strong>in</strong>dependently for as long as possible. <strong>Home</strong> health care <strong>in</strong>cludes occupational and<br />
physical therapy and skilled nurs<strong>in</strong>g. It can also <strong>in</strong>volve help<strong>in</strong>g older adults with<br />
activities of daily liv<strong>in</strong>g, such as bath<strong>in</strong>g, dress<strong>in</strong>g, and eat<strong>in</strong>g. Further, it <strong>in</strong>volves<br />
assistance with cook<strong>in</strong>g, clean<strong>in</strong>g, other housekeep<strong>in</strong>g, and monitor<strong>in</strong>g one’s<br />
medication schedule. Entirely the aim of home healthcare is to treat an illness or <strong>in</strong>jury.<br />
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<strong>Home</strong> <strong>Healthcare</strong> <strong>Market</strong><br />
Grow<strong>in</strong>g global geriatric population, <strong>in</strong>creas<strong>in</strong>g the <strong>in</strong>cidence of chronic disease,<br />
favorable government <strong>in</strong>itiatives, and grow<strong>in</strong>g demand for affordable health care<br />
delivery systems are the key factors fuel<strong>in</strong>g demand of home health care services. In<br />
addition, grow<strong>in</strong>g healthcare costs and <strong>in</strong>creas<strong>in</strong>g health awareness among people, is<br />
expected to trigger the growth of this <strong>in</strong>dustry <strong>in</strong> the years to come. Favorable<br />
reimbursement policies coupled with the presence of a large number of small scale and<br />
large scale healthcare service has provided the strong boost to the home healthcare<br />
market <strong>in</strong> North America. However, vary<strong>in</strong>g reimbursement policies, limited coverage,<br />
and patient safety concerns are some of the factors which curtail the growth of this<br />
market.<br />
The home healthcare market is segmented on the basis of different products <strong>in</strong>to<br />
diagnostics and monitor<strong>in</strong>g devices, therapeutics devices, medical supplies and home<br />
mobility assists devices. In 2015, a diagnostic and monitor<strong>in</strong>g device was the largest<br />
segment <strong>in</strong> the home healthcare market and accounted for around 36.46% share of the<br />
total market. This segment is expected to cont<strong>in</strong>ue its dom<strong>in</strong>ance <strong>in</strong> the global market<br />
throughout the forecast period. Medical supply was another key outlet for this market <strong>in</strong><br />
2015. It is expected to grow at a moderate rate <strong>in</strong> the forecast period. The therapeutic<br />
device is also one of the lucrative product segments <strong>in</strong> 2015.<br />
Inquire more about this report @<br />
https://goo.gl/G9TsBW
<strong>Home</strong> <strong>Healthcare</strong> <strong>Market</strong><br />
Services segments of home healthcare market <strong>in</strong>clude rehabilitation services, telehealth<br />
and telemedic<strong>in</strong>e services, <strong>in</strong>fusion therapy services, respiratory therapy services and<br />
unskilled home healthcare services. Rehabilitation service was lead<strong>in</strong>g segment <strong>in</strong> the<br />
home healthcare market and accounted for 30.13% market share of a total market <strong>in</strong><br />
2015. Telehealth and telemedic<strong>in</strong>e and respiratory therapy services sector are also<br />
expected to show strong growth <strong>in</strong> the com<strong>in</strong>g years.<br />
North America, Europe, Asia-Pacific, Lat<strong>in</strong> America and the Middle East & Africa are key<br />
regional markets for the home healthcare market. Demand for home healthcare was<br />
highest <strong>in</strong> North America. In terms of revenue, Europe acquired the second largest<br />
share of the market globally <strong>in</strong> 2015. Asia Pacific expected to be the fastest grow<strong>in</strong>g<br />
region due to emerg<strong>in</strong>g healthcare sector and grow<strong>in</strong>g population.<br />
Some of the major <strong>in</strong>dustry participants <strong>in</strong> home healthcare market <strong>in</strong>cludes 3M Health<br />
Care, Bayer AG, Abbott Laboratories, Card<strong>in</strong>al Health, Inc., GE <strong>Healthcare</strong>, Johnson &<br />
Johnson Services, Inc., Gentiva Health Services, Inc., Invacare Corporation, F.<br />
Hoffmann-La Roche Ltd., Phillips <strong>Healthcare</strong>, Medtronic, Inc. and Omron <strong>Healthcare</strong>,<br />
Inc.<br />
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<strong>Home</strong> <strong>Healthcare</strong> <strong>Market</strong><br />
Browse detail report with <strong>in</strong>-depth TOC @<br />
https://goo.gl/1GxN2T<br />
Zion <strong>Market</strong> Research<br />
Address: 4283, Express Lane, Suite 634-143, Sarasota, Florida 34249, United States<br />
Tel: +1-386-310-3803 GMT<br />
+49-322 210 92714 Tel: +1-855-465-4651 (US/CAN TOLL FREE)<br />
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