About Home Health Care Providers
The home health care providers are primarily engaged in providing therapeutic services, skilled nursing services, and other healthcare services. Increasing geriatric population and the growing prevalence of chronic diseases driving the demand for the home healthcare market. For instance, According to the World Health Organization (WHO) 2018 report, cardiovascular diseases accounted for nearly 836,546 deaths in the United States. Moreover, According to the data published by the U.S. Centers for Disease Control and Prevention 30 million people in the U.S. have diabetes. The emergence of home healthcare as a cost-efficient alternative to hospital stays propelling market growth.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Home Health Care Providers market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
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), Fresenius (Germany), Omron (Japan), McKesson (United States) and BAYADA Home Health Care (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Kinnser Software, Inc. (United States) and Roche (Switzerland).
Segmentation Overview
AMA Research has segmented the market of Global Home Health Care Providers market by Type (Home Telehealth Monitoring Devices, Home Telehealth Services and Telehealth Software Solutions) and Region.
On the basis of geography, the market of Home Health Care Providers has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Product, the sub-segment i.e. Testing, Screening, and Monitoring [Blood Pressure Monitors, Blood Glucose Monitors, Pulse Oximeters, Peak Flow Meters, Heart Rate Monitors, HIV Test Kits, Others] will boost the Home Health Care Providers market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Service, the sub-segment i.e. Rehabilitation will boost the Home Health Care Providers market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Software, the sub-segment i.e. Agency Software will boost the Home Health Care Providers market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Need for Affordable Healthcare Treatment Options and Technological Advancement in the Healthcare Industry Such As Emergence of Internet of Things (IoT)
Market Growth Drivers:
Rising Incidence of Chronic Diseases, Growing Geriatric Population and Government Initiatives to Support Home Healthcare
Challenges:
Lack of Awareness in the Emerging Economies
Restraints:
Changing Reimbursement Policies and Stringent Government Regulations for the Healthcare Industry
Opportunities:
Growing Focus on Telehealth, Growing Prevalence of Diabetes and Cardiovascular Diseases and Rising Demand from the Developing Economies
Market Leaders and their expansionary development strategies
In December 2023, Care Advantage has acquired Nova Home Health Care. The acquisition expands Care Advantage’s Northern Virginia footprint — a market that CEO Tim Hanold believes is an important one for current and future growth.
21st February 2019, Philips enter into partnership with DispatchHealth, a provider of mobile urgent care to provide senior citizens in Arizona, United States with on-demand care at home in order to enhance their home health care services.
“According to federal regulations of the United States, the final rule revises conditions of participation (CoPs) that home health agencies (HHAs) must meet in order to participate in the Medicare and Medicaid programs. The requirements focus on the care delivered to patients by HHAs, reflect an interdisciplinary view of patient care, allow HHAs greater flexibility in meeting quality care standards, and eliminate unnecessary procedural requirements. These changes are an integral part of our overall effort to achieve broad-based, measurable improvements in the quality of care furnished through the Medicare and Medicaid programs, while at the same time eliminating unnecessary procedural burdens on providers.”
Key Target Audience
Home Healthcare Equipment Manufacturers, Home Healthcare Service Providers, Home Health Software Vendors, Nursing Services Providers, Diagnostic Companies, Research and Development (R&D) Companies, Business Research and Consulting Service Providers, Medical Research Laboratories, Venture Capitalists and Others
Key Finding and Research Objectives
Focus of the study is to analyse characteristics that affect the nature of competition and pricing. Identifying Influencing factors keeping filter element market Intense, factored with periodic analysis of CR4 & CR8 concentration ratio. In-depth Competitive analysis at product and Strategic business level. Predictive analysis on upcoming trends and changes in consumer behaviour. To analyse the competitive developments, such as new product launch and merger & acquisition, in the home health care provider market.
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.