Market Snapshot:
Home Health Care is referred to as the medical care which is been provided in a patient's home. Home health care can include the broad care given by skilled medical professionals, including physical therapy, skilled nursing care, occupational therapy, and speech therapy. Home health care can also include the skilled, non-medical care, such as the social services of medical or assistance with daily living from a highly qualified home health aide
Highlights from Home Health Care Market Study
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Largest Market | North America |
Unit | Value (USD Billion) |
CAGR | 8.6% |
The key Players profiled in the report are Philips Healthcare (Netherlands), Kindred Healthcare (United States), Linde Group (Germany), Almost Family Inc. (United States), Abbott Laboratories (United States), LHC Group (United States), A&D (Japan), Amedisys (United States), Kinnser Software, Inc. (United States) and Roche (Switzerland). Additionally, other players that are part of this comprehensive study are Fresenius (Germany), Omron (Japan), McKesson (United States) and BAYADA Home Health Care (United States).
Geographic Breakdown and Segment Analysis
The Global Home Health Care market presents a comprehensive analysis of the Home Health Care market by product type (Testing, screening, and monitoring products, Therapeutic products and Mobility care equipment), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Home Health Care industry. Investors and Players can easily understand the inherent opportunities and challenges for their products in geographical region of interest. For instance, while the North America holds majority of market share of the Home Health Care market
Analyst at AMA have segmented the market study of Global Home Health Care market by Type, Application and Region. On the basis of Type, Testing, screening, and monitoring products are dominating the market in the year 2023.
Influencing Trend:
Home Health Providers Are Working To Reduce Avoidable Hospital Readmissions and Patient Personalization With Smart Technology
Market Growth Drivers:
Increasing Disposable Income, Long Term Care, Cost Efficiency, Elimination Of Unnecessary Hospitalization and Growing Geriatric Population
Challenges:
Struggling With The Advanced Technology and Political Pressure
Restraints:
Complicated Reimbursement Framework And Reimbursement Cuts and Lower Remunerations
Opportunities:
The growing Workforce In The Industry Is Translating Into A Greater Demand For Home Healthcare Services
Market Developments Activities:
In April 2023,Health Care At Home (HCAH) has acquired Nightingales Home Health Services, a Bengaluru-based home healthcare provider, in a share swap deal. The deal will make HCAH the largest company in an out-of-hospital care provider in India.
In October 2023,HCG Cancer Centre Nagpur launched a home healthcare service exclusively for cancer patients in Nagpur in the presence of Venkateshwarlu Marapaka, Cluster Business Head & COO, HCG, Dr Ajay Mehta, Director & Head, Surgical Oncololgy
Regulatory Insights:
Government has formulated insurance plans to cater long term needs of the patients. For instance, about 40.0% of revenues generated for Homecare Medical Equipment (HME) is covered by Medicare and Medicaid
Key Target Audience
Providers, Suppliers and Others