CHICAGO, November 24, 2022 /PRNewswire/ — Home Healthcare Market Forecast $340.2 billion until 2027 $226.0 billion in 2022 at a CAGR of 8.5% according to a new report by MarketsandMarkets™. Increasing demand for home care due to rising healthcare costs, growing elderly population and advances in home care technologies are the main factors driving the growth of this market.
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Browse Detailed TOC of Home Healthcare Market
245 – tables
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The Remedies segment accounted for the largest share of the home healthcare market by product segment in 2021
The home health care market is segmented into testing, screening and monitoring products; therapeutic products; and mobility care products. The therapeutic products will hold the largest share of the home health care market in 2021, mainly due to the increasing prevalence of chronic diseases such as diabetes, cancer and kidney failure.
Infusion therapy services segment registers the highest growth rate during the forecast period
The home health care market has been segmented into skilled nursing services, rehabilitation therapy services, hospice and palliative care services, unskilled nursing services, respiratory therapy services, infusion therapy services and pregnancy nursing services. In 2021, skilled nursing services accounted for the largest share of the home healthcare market. Factors such as growing elderly population are driving the growth of the market.
The Other Indications segment accounted for the largest share of home health care by indication segment in 2021
Based on the indication, the home healthcare market has been segmented into cancer, respiratory diseases, movement disorders, cardiovascular diseases and hypertension, pregnancy, wound care, diabetes, hearing disorders and other indications. In 2021, Other Indications segment accounted for the largest share of home healthcare market. The increasing elderly population and kidney diseases are driving the growth of this segment.
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North America is the largest regional market for the home healthcare market
The global home health care market is segmented into four major regions: North America, Europethe Asia Pacific, and rest of the world. 2021, North America the largest share of the home care market. The large proportion of North America on the world market is attributed to the increasing geriatric population and the high disposable income. However, the Asia Pacific The market is expected to grow at the highest CAGR during the forecast period. growth in Asia Pacific The home health care market is primarily driven by rising disposable income and government efforts to promote home health care.
The main players 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 (USA), Invacare Corporation (USA), Abbott (USA), Amedisys (USA), ResMed, Inc. (USA), LHC Group, Inc. (USA), Omron Corporation (Japan), Koninkluke Philips NV (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 Medizintechnik GmbH + Co., KG. (Germany), B. Braun Melsungen Ag (Germany), Baxter International, Inc. (USA), Allied Healthcare Products, Inc. (USA), Medline Industries, Inc. (USA) and Advin Health Care (India).
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