CHICAGO, Nov. 24,
2022 /PRNewswire/ -- Home Healthcare
Market is projected to reach USD
340.2 billion by 2027 from USD 226.0
billion in 2022, at a CAGR of 8.5% according to a new
report by MarketsandMarkets™. The increasing demand for
home care due to the rising healthcare costs, growing older
population coupled advancements in home healthcare technologies are
the major factors driving the growth of this market.
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The therapeutic products segment accounted for the largest
share of the home healthcare market, by product segment, in
2021
The home healthcare market is segmented into testing, screening,
and monitoring products; therapeutic products; and mobility care
products. The therapeutic products holds the largest share of the
home healthcare market in 2021, mainly due to increased incidence
of chronic ailments, such as diabetes, cancer, and kidney
failures.
Infusion therapy services segment to register the highest
growth rate during the forecast period
The home healthcare market has been segmented into skilled
nursing services, rehabilitation therapy services, hospice &
palliative care services, unskilled care services, respiratory
therapy services, infusion therapy services, and pregnancy care
services. In 2021, skilled nursing services accounted for the
largest share of the home healthcare market. Factor such as growing
elderly population is driving the growth of the market.
The other indications segment accounted for the largest share
of the home healthcare, by indication segment, in 2021
Based on the indication, the home healthcare market has been
segmented into cancer, respiratory diseases, movement disorders,
cardiovascular diseases & hypertension, pregnancy, wound care,
diabetes, hearing disorders, and other indications. In 2021, the
other indications segment accounted for the largest share of the
home healthcare market. The increasing older population and renal
disorders is driving the growth of this segment.
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North America is the largest
regional market for home healthcare market
The global home healthcare market is segmented into four major
regions—North America, Europe, the
Asia Pacific, and Rest of the
World. In 2021, North America
accounted for the largest share of the home healthcare market. The
large share of North America in
the global market is attributed to the increasing overall geriatric
population, and high disposable income. However, the Asia Pacific market is estimated to grow at
the highest CAGR during the forecast period. Growth in the
Asia Pacific home healthcare
market is driven primarily by the rising disposable income, efforts
by the government in promoting home healthcare.
The major players operating in this market are Fresenius SE
& Co. KGaA (Germany), Linde,
Plc (Ireland), F.Hoffmann-La
Roche, Ltd. (Switzerland), A&D
Company, Limited (Japan), Bayada
Home Health Care (US), Invacare Corporation (US), Abbott (US),
Amedisys (US), ResMed, Inc. (US), LHC Group, Inc. (US), Omron
Corporation (Japan), Koninkluke
Philips N.V. (Netherlands), GE
Healthcare (US), Drive Devilbiss Healthcare (UK), Hamilton Medical
(Switzerland), Sunrise Medical
(Germany), Roma Medical (UK),
Caremax Rehabilitation Equipment Co., Ltd. (China), Vitalograph (UK), Advita Pflegedienst
Gmbh (Germany), Renafan Gmbh
(Germany), ADMR (France), Apex Medical Corp. (Taiwan), Contec Medical Systems Co., Ltd.
(China), Löwenstein Medical
Technology Gmbh + Co., KG. (Germany), B. Braun Melsungen Ag (Germany), Baxter International, Inc. (US),
Allied Healthcare Products, Inc. (US), Medline Industries, Inc.
(US), and Advin Health Care (India).
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