Home Healthcare Market To Witness An Impressive Growth Of 189193 Million By 2029 With New Opportunities, Growth Rate And Development Trends

June 28, 2022 |

10 min read

Data Bridge Market Research analyses that the home healthcare market which was USD 99,236.36 million in 2021, would rocket up to USD 189193 million by 2029, and is expected to undergo a CAGR of 8.4% during the forecast period 2022 to 2029.

Data Bridge Market Research analyses that the home healthcare market which was USD 99,236.36 million in 2021, would rocket up to USD 189193 million by 2029, and is expected to undergo a CAGR of 8.4% during the forecast period 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

The credible Home Healthcare Market business report gives information about the competitive situation among the market vendors and company profile, besides this, the report also provides market price analysis and value chain features. The scope of this market research report includes in-depth insights of global and regional markets with the sense given for variation in the growth of the industry in certain regions. Home Healthcare Market report offers information on production development, market sales, regional trade, investment calculation, investment opportunity, trade outlook, policy, regional market and other important characteristic of the market.

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Market growth is predicted to be fueled by a growing geriatric population and increased incidence of target diseases such as dementia and Alzheimer’s, as well as orthopaedic diseases. Governments and health groups are concerned about rising treatment costs and are working to reduce healthcare prices. Home health care is a less expensive alternative to a hospital stay.

Major Players

Koninklijke Philips N.V. (U.S)
Omron Healthcare, Inc. (Japan)
Air Liquide (France)
B. Braun Melsungen AG (Germany)
Medtronic (Ireland)
Davita Inc. (U.S)
CARDINAL HEALTH (U.S)
Sunrise Medical (U.S)
General Electric (U.S)
A&D Company, Limited (Japan)
BAYADA Home Health Care (U.S)
Invacare Corporation (U.S)
Philips Healthcare (Netherlands)
Fresenious SE & Co KGaA (Germany)
GE Healthcare (U.K.)
Baxter (U.S.)
F. Hoffmann-La Roche Ltd (Switzerland)
Bupa Home Healthcare, Ltd (U.K.)
Healthcare at Home (U.K.)
Linde plc (Germany)

Home Healthcare Market Development

In July 2018, OMRON Healthcare Inc. acquired 3A Health Care s.r.l., who is a leader in the production and development of surgical aspirators and specialized aerosol therapy devices. It will help the company to prevent and treat airway diseases.

In March 2019, By acquiring HB Healthcare, ResMed solidified its position as the market leader in Korea (HBH). HB Healthcare Safety is a home medical equipment manufacturer established in Korea that provides coaching and technology to patients and healthcare practitioners.
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.

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Key Market Segmentation:-

By Type (Devices, Services, Software),

By Disease (Heart Diseases, Hypertension, Bone and Joint Diseases, Diabetes, Chronic Obstructive Pulmonary Diseases, Obesity, Dementia/Alzheimer’s Diseases, Infective Diseases (HIV/AIDS), Parkinson’s Diseases, Smoking, Asthma, Depression),

By Distribution Channel (Direct Tenders, Retail Sales)

Home Healthcare Market report estimates analysis and discussion of important industry trends, market size, sales volume, and market share. This market research report answers many of the critical business questions and challenges while proving as a go-to solution. The report presents the company profile, product specifications, capacity, production value, and market shares for each company for the forecast period. An international Home Healthcare Market report provides the market potential for each geographical region based on the growth rate, macroeconomic parameters, consumer preferences and their buying patterns, market demand and supply scenarios.

Healthcare Infrastructure growth Installed base and New Technology Penetration

The home healthcare market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for home healthcare market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the home healthcare market. The data is available for historic period 2010-2020.

Competitive Landscape and Home Healthcare Market Share Analysis

The 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, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to home healthcare market.

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 Global 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.

Global Home Healthcare Market Scope

The home healthcare market is segmented on the basis of type, disease and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

Therapeutic
Diagnostic
Mobility assist

Disease

Chronic obstructive
Pulmonary disease
Diabetes
Hypertension
Smoking
Asthma
Depression
Heart diseases
Dementia / Alzheimer’s diseases
Obesity
Parkinson’s diseases
Infectious diseases (HIV/AIDS)
Bone and joint diseases
Others

Distribution Channel

Direct Tenders
Retail Sales

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Home Healthcare Market Dynamics

Drivers

Rising research and development (R&D) investments

The introduction of newer technologies into this market has significantly increased the current communication flow between patients and healthcare providers, allowing for better, faster, and more effective care. Remote patient monitoring, for example, is based on the successful integration of medical devices and information and communication technology (ICT) and the delivery of healthcare over large distances, which ultimately drives the market growth.

Rise in demand for home healthcare

This is due to the increased convenience of non-skilled labour, caretakers, services, physicians, and various home healthcare equipment in homecare settings, as well as a growth in healthcare expenditures at hospital premises in the region.

Rising number of elderly people and technological advancements

Over the last decade, the European home healthcare sector has grown significantly. The rising expense of healthcare, which has transferred healthcare focus from hospitals to the home, has been a key reason for the market’s rise. Government initiatives to boost home healthcare are propelling the sector even faster.

Opportunities

The ageing population, the increased incidence of target diseases such dementia and Alzheimer’s, and orthopaedic ailments are likely to drive market expansion. Governments and health groups are concerned about rising treatment costs and are working to reduce healthcare prices. Home health care is a less expensive alternative to a hospital stay.

Portable gadgets including heart rate monitors, respiratory assistance, and blood glucose monitors have enhanced the efficiency and effectiveness of lifestyle disease home care. Another important factor influencing the market is value-based healthcare. The central government provides either partial or entire coverage for in-home services in most developed and developing countries.

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Browse Regional Reports:-

Europe Home Healthcare Market, By Type (Devices, Services, Software), Disease (Heart Diseases, Hypertension, Bone and Joint Diseases, Diabetes, Chronic Obstructive Pulmonary Diseases, Obesity, Dementia/Alzheimer’s Diseases, Infective Diseases (HIV/AIDS), Parkinson’s Diseases, Smoking, Asthma, Depression), Distribution Channel (Direct Tenders, Retail Sales) – Industry Trends and Forecast to 2029

Asia-Pacific Home Healthcare Market, By Product Type (Therapeutic, Diagnostic, and Mobility Assist), Indication (Cancer, Respiratory Diseases, Mobility Disorders, Cardiovascular Disorders, Pregnancy, Wound Care, Diabetes, and Other Indications), and Service (Skilled Nursing, Rehabilitation Therapy, Hospice and Palliative Care, Unskilled Care, Respiratory Therapy, Infusion Therapy, and Pregnancy Care) – Industry Trends and Forecast to 2029

Middle East and Africa Home Healthcare Market, By Type (Devices, Services, Software), Disease (Heart Diseases, Hypertension, Bone and Joint Diseases, Diabetes, Chronic Obstructive Pulmonary Diseases, Obesity, Dementia/Alzheimer’s Diseases, Infective Diseases (HIV/AIDS), Parkinson’s Diseases, Smoking, Asthma, Depression), Distribution Channel (Direct Tenders, Retail Sales)– Industry Trends and Forecast to 2029

North America Home Healthcare Market By Type (Devices, Services, Software), Disease (Heart Diseases, Hypertension, Bone and Joint Diseases, Diabetes, Chronic Obstructive Pulmonary Diseases, Obesity, Dementia/Alzheimer’s Diseases, Infective Diseases (HIV/AIDS), Parkinson’s Diseases, Smoking, Asthma, Depression), Distribution Channel (Direct Tenders, Retail Sales), Country (U.S., Canada, Mexico) Market Trends and Forecast

Canada Home Healthcare Market, By Type (Devices, Services and Software), Disease (Heart Diseases, Hypertension, Diabetes, Chronic Obstructive Pulmonary Diseases, Obesity, Dementia/Alzheimer’s Diseases, Depression, Asthma, Infective Diseases (HIV/AIDS), Parkinson’s Diseases, Bone and Joint Diseases, Smoking and Others) Industry Trends and Forecast to 2029.

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