Home Healthcare Market (Diagnostics and Monitoring Devices, Therapeutic Home Healthcare Devices, Mobility Assist Devices and Medical Supplies) and Services (Rehabilitation, Telehealth and Telemedicine, Respiratory Therapy, Infusion Therapy and Unskilled Home Healthcare Services): Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2015 – 2021
Sarasota, FL -- (SBWIRE) -- 08/23/2018 -- 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 healthcare services majorly comprise psychology, medicare, wound care, pain management, disease literacy, physical therapy, medication advice, and health hazards and prevention.
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Home care can likewise be a fundamental part of the post-hospitalization recovery procedure (transitional care), particularly amid the starting weeks after the patient is discharged from the hospital and it is mandatory to deliver medical as well as some physical assistance. Home-based health care services comprise tailored-made elderly care packages that are designed to deliver needed services while staying at the patient's place. These services are typically more affordable, helpful, and effective compared to that of medical care facility. The growing population of senior citizens and rising demand for home healthcare packages is driving the growth of the global home healthcare market.
It has been assessed that in 2050, there will be 2 Billion individuals beyond 60 years, with 80% of them living in emerging nations. The paradigm shift in sickness ailment from intense lethal and irresistible illnesses to constant disabling non-communicable illness related with the populace that comes under the mature category, can bring about confinements with impermanent or perpetual utilitarian inabilities and decline personal life satisfaction. This will be a noteworthy challenge for health care facilities owing to escalating cost of the health care and long duration care. This burden over the medical health care facility will also be a challenge for the government to rectify the alternative care methodologies to meet the expectation of the elderly population and their families.
Below are some of the advantages of home-based health care services that include various flexibly designed health care packages. The packages are intended to satisfy the health care related needs of the patient.
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Health training: for the elderly and relatives, healthy lifestyles, including nourishment, the counteractive action of falls, and so on.
Personal care: working out, checking fundamental signs, for example, circulatory strain, beat, heart rate, and blood glucose level.
Preventive methodologies and early identification: the corrective action of bed ulcers, dressing of wounds if necessary, measuring pulse, normal tests, self-examination of body parts.
Supervision of normal disease and follow-up.
Health-related guidance for patients and their relatives to maintain the health care related practices to stabilize the fitness of the patient post-termination of home health care services.