According to the report, global home healthcare market was valued at USD 228.90 billion in 2015 and is expected to generate revenue of USD 391.41 billion by 2021, growing at a CAGR of 9.40% between 2016 and 2021. Home health care is a diversified industry which includes home nursing care, infusion services, companion care, and others. Home healthcare is particularly referred as home medical care. Home health care generally involves helping geriatric people to recover from an illness or injury and live independently for as long as possible.
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According to the report, global home healthcare market was valued at USD 228.90 billion in 2015 and is expected to generate revenue of USD 391.41 billion by 2021, growing at a CAGR of 9.40% between 2016 and 2021.
Home health care can be referred as home medical care or formal care. Home health care usually involves helping someone to recover from an illness or injury and live independently for as long as possible. Home health care includes occupational and physical therapy and skilled nursing. It can also involve helping older adults with activities of daily living, such as bathing, dressing, and eating. Further, it involves assistance with cooking, cleaning, other housekeeping, and monitoring one’s medication schedule. Entirely the aim of home healthcare is to treat an illness or injury.
Growing global geriatric population, increasing the incidence of chronic disease, favorable government initiatives, and growing demand for affordable health care delivery systems are the key factors fueling demand for home health care services. In addition, growing healthcare costs and increasing health awareness among people, is expected to trigger the growth of this industry in the years to come. Favorable reimbursement policies coupled with the presence of a large number of small-scale and large-scale healthcare service has provided the strong boost to the home healthcare market in North America. However, varying reimbursement policies, limited coverage, and patient safety concerns are some of the factors which curtail the growth of this market.
The home healthcare market is segmented on the basis of different products into diagnostics and monitoring devices, therapeutics devices, medical supplies and home mobility assists devices. In 2015, a diagnostic and monitoring device was the largest segment in the home healthcare market and accounted for around 36.46% share of the total market. This segment is expected to continue its dominance in the global market throughout the forecast period. Medical supply was another key outlet for this market in 2015. It is expected to grow at a moderate rate in the forecast period. The therapeutic device is also one of the lucrative product segments in 2015.
Services segments of home healthcare market include rehabilitation services, telehealth and telemedicine services, infusion therapy services, respiratory therapy services and unskilled home healthcare services. Rehabilitation service was leading segment in the home healthcare market and accounted for 30.13% market share of a total market in 2015. Telehealth and telemedicine and respiratory therapy services sector are also expected to show strong growth in the coming years.
North America, Europe, Asia-Pacific, Latin America and the Middle East & Africa are key regional markets for the home healthcare market. Demand for home health care was highest in North America. In terms of revenue, Europe acquired the second largest share of the market globally in 2015. Asia Pacific expected to be the fastest growing region due to emerging healthcare sector and growing population.
Some of the major industry participants in home healthcare market includes 3M Health Care, Bayer AG, Abbott Laboratories, Cardinal Health, Inc., GE Healthcare, Johnson & Johnson Services, Inc., Gentiva Health Services, Inc., Invacare Corporation, F. Hoffmann-La Roche Ltd., Phillips Healthcare, Medtronic, Inc. and Omron Healthcare, Inc.
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List of Figures
1. Market Research Process
2. Market Research Methodology
3. Global home healthcare market, 2015 – 2021 (USD Billion)
4. Classification of home healthcare
5. Aging Population (% of Population Over Age 65)
6. Predicted global cancer cases (Millions)
7. Employment projections for home healthcare industry
8. Rapid job growth in home healthcare services
9. Porter’s five forces analysis for home healthcare market
10. Market attractiveness analysis by product segment
11. Market attractiveness analysis by services segment
12. Market attractiveness analysis by region segment
13. Global home healthcare market: Company market share, 2015
14. Global home healthcare market revenue share, by product, 2015 & 2021 (USD Million)
15. Global home healthcare market for diagnostics and monitoring home devices, 2015 – 2021 (USD Million)
16. Global home healthcare market for therapeutics home healthcare devices, 2015 – 2021 (USD Million)
17. Global home healthcare market for home mobility assist devices, 2015 – 2021 (USD Million)
18. Global home healthcare market for medical supplies, 2015 – 2021 (USD Million)
19. Global home healthcare market revenue share, by services, 2015 & 2021
20. Global home healthcare market for rehabilitation services, 2015 – 2021 (USD Million)
21. Global home healthcare market for telehealth and telemedicine services, 2015 – 2021 (USD Million)
22. Global home healthcare market for infusion therapy services, 2015 – 2021 (USD Million)
23. Global home healthcare market for respiratory therapy services, 2015 – 2021 (USD Million)
24. Global home healthcare market for unskilled home healthcare services, 2015 – 2021 (USD Million)
25. Global home healthcare market revenue share, by region, 2015 & 2021
26. North America home healthcare market, 2015 – 2021 (USD Million)
27. Europe home healthcare market, 2015 – 2021 (USD Million)
28. Asia Pacific home healthcare market, 2015 – 2021 (USD Million)
29. Latin America home healthcare market, 2015 – 2021 (USD Million)
30. Middle East & Africa home healthcare market, 2015 – 2021 (USD Million)
List of Tables
1. Global home healthcare market: Snapshot
2. Drivers of the home healthcare market: Impact analysis
3. Restraint for the home healthcare market: Impact analysis
4. North America home healthcare market revenue, by product, 2015 – 2021 (USD Million)
5. North America home healthcare market revenue, by services, 2015 – 2021 (USD Million)
6. U.S. home healthcare market revenue, by product, 2015 – 2021(USD Million)
7. U.S. home healthcare market revenue, by services, 2015 – 2021 (USD Million)
8. Europe home healthcare market revenue, by product, 2015 – 2021 (USD Million)
9. Europe home healthcare market revenue, by services, 2015 – 2021 (USD Million)
10. UK home healthcare market revenue, by product, 2015 – 2021(USD Million)
11. UK home healthcare market revenue, by services, 2015 – 2021 (USD Million)
12. France home healthcare market revenue, by product, 2015 – 2021(USD Million)
13. France home healthcare market revenue, by services, 2015 – 2021 (USD Million)
14. Germany home healthcare market revenue, by product, 2015 – 2021(USD Million)
15. Germany home healthcare market revenue, by services, 2015 – 2021 (USD Million)
16. Asia Pacific home healthcare market revenue, by product, 2015 – 2021 (USD Million)
17. Asia Pacific home healthcare market revenue, by services, 2015 – 2021 (USD Million)
18. China home healthcare market revenue, by product, 2015 – 2021(USD Million)
19. China home healthcare market revenue, by services, 2015 – 2021 (USD Million)
20. Japan home healthcare market revenue, by product, 2015 – 2021(USD Million)
21. Japan home healthcare market revenue, by services, 2015 – 2021 (USD Million)
22. India home healthcare market revenue, by product, 2015 – 2021(USD Million)
23. India home healthcare market revenue, by services, 2015 – 2021 (USD Million)
24. Latin America home healthcare market revenue, by product, 2015 – 2021 (USD Million)
25. Latin America home healthcare market revenue, by services, 2015 – 2021 (USD Million)
26. Brazil home healthcare market revenue, by product, 2015 – 2021(USD Million)
27. Brazil home healthcare market revenue, by services, 2015 – 2021 (USD Million)
28. The Middle East & Africa home healthcare market revenue, by product, 2015 – 2021 (USD Million)
29. The Middle East & Africa home healthcare market revenue, by services, 2015 – 2021 (USD Million)
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