The Global Home Healthcare Market was worth USD 227.5 billion in 2016 and estimated to be growing at a CAGR of around 9%, to reach USD 349.8 billion by 2021
Hyderabad, India -- (SBWIRE) -- 03/22/2018 -- The report on " Home Healthcare Market by Product (Testing, Mobility Care Products ,Screening, & Monitoring Products, Therapeutic Products) by Service (Unskilled Care Services, Infusion Therapy Services, Rehabilitation Therapy Services, Pregnancy Care Services, Hospice and Palliative Care Services, Respiratory Therapy Services, Skilled Nursing Care Services) By Software (Agency Software, Hospice Solutions , Clinical Management Systems )By Type(Home Telehealth Services ,Home Telehealth Monitoring Devices, Home Telehealth Software) and by Region - Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts(2016–2021)", is published by Market Data Forecast. The Home Healthcare Market is estimated to attain USD 349.8 billion by 2021 from an anticipated USD 227.5 billion in 2016, at a CAGR of 9%. The key factors such as increasing the demand for the affordable home healthcare delivery systems owing to raising the healthcare cost, increasing awareness about healthcare among people is projected to boost the demand for growth of the market. Other factors attributing the growth of the market are increasing technological advancements coupled with the innovation of new techniques, support from the government in order to promote the home healthcare methods. Other prominent factor driving the market growth is raising the aged population everywhere coupled with increasing the dominance of chronic disorders. However, lack of awareness among people across the globe regarding reimbursement policies, and restricted insurance coverage by several public and private sectors are hindering the growth of the market.
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Mobility care products segment are approximate to demand for the largest share of the market during the forecast period
The segregation of Global Home Healthcare Market is done on the basis of software, service, product, type. On the basis of software, the Home Healthcare Market is classified as Clinical Management Systems, Hospice Solutions, and Agency Software. On the idea of the product, the market is segregated into Mobility Care Products, Screening, Testing, Therapeutic Products, and Monitoring Products.
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Skilled nursing services segment are predicted to hold the largest share of the market in 2016
Under the categorization of type, the Global Home Healthcare Market is divided into Home Telehealth Services, Home Telehealth Software, and Home Telehealth Monitoring Devices. On the root of service, the Home Healthcare Market is segregated into Rehabilitation Therapy Services, Respiratory Therapy Services, Infusion Therapy Services, Pregnancy Care Services, Hospice, Palliative Care Services, Skilled Nursing Care Services, Infusion Therapy Services.
North America is predicted to instruct the largest share of the market
With respect to the region, the Global Home Healthcare Market is classified as Middle East and Africa, Europe, Latin America, and Asia-Pacific, North America. North America is projected to remain in the top position according to the contribution to the global market share followed by Europe. Asia-Pacific is estimated to have a very high growth rate on account of the presence of developing nations like China and India.
The leading participants of the Global Home Healthcare Market include Abbott Laboratories, Almost Family Inc, Philips Healthcare (A Subsidiary of Royal Philips Electronics), A&D Company Limited, Kindred Healthcare, Kinnser Software Inc, Omron Corporation, Amedisys Inc, Mckesson Corporation, Fresenius Se & Co Kraal, Apria Healthcare Group, General Electric Company (GE), LHC Group Inc, and Linde Group, Roche Holding AG.
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