Home Healthcare Market By Component – Global Industry Analysis and Forecast to 2022
Home Healthcare Market – Competitive Outlook and Trend Analysis:
The major market players in global home healthcare market include B. Braun Melsungen AG, Almost Family Inc., Abbott Laboratories, 3M Health Care, Sunrise Medical Inc., Baxter, Cardinal Health Inc., Medtronic, National Healthcare crop., Air Liquide, Roche diagnostics corp., Arcadia Health Care, Omron Healthcare Inc., Bayer AG, Nxstage Medical, Inc., Apria healthcare group, Arkray Inc., Odyssey Healthcare Inc., Critical Homecare, Becton, Dickinson and Company, and Amedisys, Inc. These market players are engaged in a variety of strategic initiatives like collaborations, regional expansion, mergers and acquisitions, service range expansion.
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Home Healthcare Market – Industry Trend Analysis:
The Global Home Healthcare Market was evaluated around USD 195.55 billion in the 2012 and is expected to reach approximately USD 459.53 billion by the end of 2022 while registering itself at a compound annual growth rate (CAGR) of 8.92% over the forecast period. Increasing treatment price is amongst the biggest areas of concern for health organizations and government, and these organizations are determined to control rising healthcare expenditure. Home healthcare is a cost-effective option as compared to costly hospital stays. These services assist to save cost considerably, therefore, expected to act as high impact delivering factor for the global home healthcare industry. Rising workforce concerning to these services interprets the growing home healthcare services demand. According to the statistics released by the United States Bureau of Labor Statistics, the position of home care and personal care aids are projected to rise approximately 13.0 million by the end of 2020, which interprets to around 70.0% boost from 2010. Rising aged population is amongst the major driving factor for the profitable growth of the global market. This population is inclined towards the chronic illnesses which need long-term care. Hence, home healthcare presents best potential option rendering inexpensive quality care. The founding and maintenance of healthcare centers and other settings are investment demanding in nature and involve huge investments concerning operational expenses and capital. Thus, healthcare providers are now penetrating the rapidly emerging home healthcare market with the help of mergers and acquisitions in order to gain benefit from the existing opportunities and restrain expenditure.
The global home healthcare market is segmented as follows –
Home Healthcare Market – By Component: Equipment, Therapeutic, Home Respiratory Equipment, Insulin Delivery Device, Home IV Pumps, Home Dialysis Equipment, Therapeutic Equipment, Diagnostic, Diabetic Care Unit, BP Monitors, Multi Parameter Diagnostic Monitors, Home Pregnancy and Fertility Kits, Other Self-Monitoring Equipment, Apnea and Sleep Monitors, Holter Monitors, Heart Rate Maters, Mobility Assist, Wheel Chair, Home Medical Furniture, Walking Assist Devices, Services, Rehabilitation Services, Unskilled Home Care, Respiratory Therapy Services, Infusion Therapy Services, Telemetry
Home Healthcare Market – Component Outlook and Trend Analysis:
In 2015, diagnostics equipment reported for over 35.0% of the total home healthcare equipment industry, and is anticipated to achieve market share around the projected period, due to rising occurrence of cardiovascular, cardiopulmonary and diabetes diseases, also enhanced awareness levels among patients, rising incidence of long-term diseases demanding continuous diagnosis and elevated application rates of fertility and pregnancy tests and BP monitors. In 2015, rehabilitation services reported for around 50.0% of the global home healthcare service market mostly due to rising geriatric population and increasing occurrence rates of surgical procedures concerning to trauma. On the other hand, owing to increasing demand for parenteral and enteral nutrition, infusion therapy is anticipated to achieve market share over the forecast years.
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Home Healthcare Market – By Region:
North America – U.S, Canada, Mexico
Europe – Germany, France, UK, Italy, Spain, Rest of Europe
Asia-Pacific – Japan, China, Australia, India, South Korea, Rest of Asia Pacific
Rest of the World – Brazil, South Africa, Saudi Arabia, United Arab Emirates, Others
Home Healthcare Market – Regional Outlook and Trend Analysis:
North American regional market held the major revenue share in 2015 at around 40.0% due to the existence of advance healthcare infrastructure, elevated awareness levels among patient along with moderately higher medical spending levels in this region. Asia Pacific regional market is expected to witness beneficial growth during the forecast years. Developing economy rectifies to develop infrastructure, high unfulfilled requirements of massive population and accessibility skilled labor likely to administer the development of the region.
Home Healthcare Market – List of Tables:
Table 1.Home Healthcare Market, By Component ($Million), 2012-2022
Table 2.Equipment Market, By Type ($Million), 2012-2022
Table 3.Equipment Market, By Region ($Million), 2012-2022
Table 4.Therapeutic Market, By Type ($Million), 2012-2022
Table 5.Therapeutic Market, By Region ($Million), 2012-2022
Table 6.Home Respiratory Equipment Market, By Region ($Million), 2012-2022
Table 7.Insulin Delivery Device Market, By Region ($Million), 2012-2022
Home Healthcare Market – List of Figures:
Figure 1.Home Healthcare Market, Share, By Component, 2016 & 2025
Figure 2Home Healthcare Market, By Region, 2016, ($Million)
Figure 3.Almost Family Inc.: Net Revenues, 2014-2016 ($Million)
Figure 4.Almost Family Inc.: Net Revenue Share, By Segment, 2016
Figure 5.Almost Family Inc.: Net Revenue Share, By Geography, 2016
Figure 6.B. Braun Melsungen AG: Net Revenues, 2014-2016 ($Million)…
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Reason to Buy –
Highlights key business priorities in order to assist companies to realign their business strategies.
The key findings and recommendations highlight crucial progressive industry trends in the Home Healthcare market, thereby allowing players to develop effective long term strategies.
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
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