Home Health Care Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024
"The Report Home Health
Care Market - Global Industry Analysis, Size, Share, Growth, Trends,
and Forecast 2016 - 2024 provides information on pricing, market
analysis, shares, forecast, and company profiles for key industry
participants. - MarketResearchReports.biz"
About
Home
Health Care Market
The demand in the global home
health care market is expected to multiple in the near future,
gaining traction from a number of factors, such as growing aging
population who face trouble with repeated visitors to the hospitals
and diagnostic centers, rising incidences of chronic diseases,
rapidly incrementing healthcare costs, which in turn has escalated
the need for affordable treatment options, technological advancements
in the medical diagnostic products and pharmaceuticals, and
government initiatives to promote home health care. On the other
hand, factors such as changing reimbursement policies, patient safety
concerns, and limited insurance coverage are challenging the market
for home healthcare from attaining its true potential. Nevertheless,
the companies operating in the global home health care expected to
gain new revenue opportunities from the shifting trend towards
telehealth and vast unmet demand in the developing regions, provided
they can fulfill the requirement of skilled home care workers.
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Based on product, the global home
health care market can be segment into testing, screening, and
monitoring, therapeutic, and mobility care, with various
sub-segments. On the basis of services, the market can be categorized
into rehabilitation, infusion therapy, unskilled care, pregnancy
care, respiratory therapy, skilled nursing, and hospice and
palliative care. Software-wise, the market can be bifurcated into
agency software, clinical management systems, and hospice solutions.
Geographically, the report evaluates the potential of all major
regions such as North America including the U.S. and Canada, Europe
including Germany, France, the U.K, and Russia, and Asia Pacific,
which houses a number of emerging economies such as India, Japan, and
China.
Global Home Health Care Market:
Overview
The
global home health care market is likely to exhibit impressive growth
in the next few years. Home health care offers various services to
patients in the comfort of their home. Home health care has been
growing in popularity
for the treatment of minor injuries and illnesses among patients, as
it is less expensive and as effective as hospital-based medical care.
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In an increasingly mobile and
independent world, health care services alone remain rooted in a
professionally controlled and centralized setting. However, the
paradigm change in consumer preference to avail quality services from
the comforts of their home is necessitating decentralization of
health care services to ensure convenience and care to patients. The
market study presents insights into the emerging trends in the home
health care market and discusses the factors fueling demand in the
key market segments.
The research report provides a
comprehensive overview of the global home health care market and
analyzes the challenges and opportunities that this market may
witness during the forecast period. The report identifies the
services and software segments exhibiting high CAGRs, besides
exploring the opportunities demonstrated by the most lucrative
regional markets. Innovations in telehealth technology and its
influence on the overall market dynamics is also evaluated in the
report.
Global Home Health Care Market:
Key Trends and Opportunities
Rising global geriatric
population, increasing incidence of chronic ailments, favorable
government initiatives, and growing demand for affordable health care
delivery systems are the key factors fueling demand in the global
home health care market. On the other hand, inadequate insurance
coverage, changing reimbursement policies, and rising patient safety
concerns are the major restraints of the market.
The global home health care market
is primarily driven by significant demand for testing, monitoring,
and screening products; mobility care products, and other therapeutic
products. Of these, demand for products used in the testing or
diagnosis of diseases is rising. For instance, having portable
devices such as blood pressure monitors, heart monitoring systems,
HIV test kits, pulse oximeters, peak flow meters, and ovulation and
pregnancy kits at the disposal of a patient is essential to ensure
that patient care is provided at their homes efficiently. However,
the products needed may vary from one patient to another depending
upon their ailment and present condition. Similarly, demand for
mobility care products such as crutches, mobility scooters, cranes,
and walkers is rising due to market expansion of home health care.
The
home health care market comprises services such as rehabilitation
services, unskilled care services, infusion therapy services,
respiratory therapy services, skilled care services, pregnancy care
services, and palliative care and hospice. Demand for infusion
services is increasing rapidly across the world.
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The most common delivery modes
adopted in home health care are on-premise, web-based, and
cloud-based. Rise in demand for improved security and accessibility
drives the cloud-based delivery segment. Furthermore, the rapid
proliferation of cloud computing in the health care industry is aimed
at reducing the burden on the health care system. This fuels demand
for cloud-based delivery.
Global Home Health Care Market:
Regional Outlook
North America is the most
lucrative market for home health care. Implementation of favorable
government policies and reimbursements for devices and services are
likely to boost the growth of the home health care market in North
America.
This research report analyzes this
market on the basis of its market segments, major geographies, and
current market trends. Geographies analyzed under this research
report include
North America
Asia Pacific
Europe
Middle East and Africa
Latin America
This report provides comprehensive
analysis of
Market growth drivers
Factors limiting market growth
Current market trends
Market structure
Market projections for
upcoming years
This report is a complete study of
current trends in the market, industry growth drivers, and
restraints. It provides market projections for the coming years. It
includes analysis of recent developments in technology, Porter’s
five force model analysis and detailed profiles of top industry
players. The report also includes a review of micro and macro factors
essential for the existing market players and new entrants along with
detailed value chain analysis.
Reasons for Buying this Report
This report provides pin-point
analysis for changing competitive dynamics
It provides a forward looking
perspective on different factors driving or restraining market growth
It provides a six-year
forecast assessed on the basis of how the market is predicted to grow
It helps in understanding the
key product segments and their future
It provides pin point analysis
of changing competition dynamics and keeps you ahead of competitors
It helps in making informed
business decisions by having complete insights of market and by
making in-depth analysis of market segments
It provides distinctive
graphics and exemplified SWOT analysis of major market segments
Note: Although care has been taken
to maintain the highest levels of accuracy in TMR’s reports, recent
market/vendor-specific changes may take time to reflect in the
analysis.
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