The "Global Home Health Market Size, Share, Growth Analysis, By Product, By Service - Industry Forecast 2022-2028" report has been added to ResearchAndMarkets.com's offering.

Global Home Health Market size was valued at USD 301.09 Billion in 2021, and it is expected to reach a value of USD 514.68 Billion by 2028, at a CAGR of 7.96% over the forecast period (2022-2028).

The patient centric approach of the home healthcare market along with other benefits such as enhanced patient result, long term care, cost proficiency, end of superfluous hospitalization, and the rising trend to use home health care is estimated to show positive market growth.

Segments covered in this report

Aging population and preference for value-based healthcare are factors which will boost the market growth. Old people demand more patient-centric healthcare services, which increases the demand for healthcare workers and agencies, this is expected to drive the market growth.

This report provides in-depth analysis of Global Home Health market. We have analyzed 20+ data points that include product price trends, consumer purchase patterns, company annual sales performance, COVID-19 impact on distribution channels, parent industry performance, regional trends, and technological innovations, for tracking the Global market size and performance in the recent years.

Driver

The number of people infected with the novel coronavirus who experience respiratory issues is alarmingly high and rising quickly. When COVID-19 is present, it has the potential to cause acute respiratory distress syndrome (ARDS), which can cause serious lung damage. Non-emergent home healthcare services are a safer and less expensive option to hospital services given the ongoing pandemic and India's strict lockdown. Patients with long-term conditions like diabetes, cancer, arthritis, chronic obstructive pulmonary disease (COPD), and cancer may not want to visit the hospital.

A result of rising healthcare costs is an increase in patient demand for at-home treatments. Nebulizers, ventilators, and continuous positive airway pressure (CPAP) devices are used to treat, identify, and monitor a variety of respiratory disorders in patients receiving in-home care. By using these tools in conjunction with home care services, patients can receive affordable healthcare.

Government programmes and initiatives are assisting the home healthcare market's expansion in addition to the trends. For example, the central government in Europe provides some reimbursement benefits for this service. People are free to select the healthcare professionals and even the type of care. Also recently introduced in the US was the Well-Being Insurance for Seniors to be at Home (WISH) Act. This will make it easier for seniors to pay for long-term care services.

Restraint

The home healthcare market's expansion may be constrained by elements like a shortage of skilled workers and patient safety worries. Situational factors that patients may face risks that may be challenging to eliminate. Hospitals have excellent environmental safety departments to handle such situations. The demand for home care workers is rising, and the home healthcare market is flourishing. Fewer healthcare professionals are available to meet the growing demand of the public as a result of the rising demand.

Market Trends

The home health market will be significantly impacted by technology. One of the newest trends is the increase in home health monitoring using digital devices. Big data, AI, and automation are now being used by home healthcare providers to create novel customer experiences. Big data makes it possible to identify patient-level patterns that will aid in more effective diagnosis and treatment. The management of the flu pandemic and the selection of strains for the flu vaccine have both been assisted by data analytics. Remote health monitoring is now possible thanks to software platforms and solutions.

The market for home health care will provide more than just health care because of the pandemic. Companionship services are becoming more and more in demand. In order to expand their current offerings, home care agencies will increase their focus on companionship services. The agencies that excel at providing companionship will be sought out by clients, their families, and potential referral sources.

Currently, home health care providers are moving more towards franchising. The number of market participants who have already begun franchising has increased significantly. As an illustration, Synergy HomeCare announced plans to sell 35% more territories in 2020 than in 2019. There will be more independent-to-franchise conversions in addition to new players entering the home care franchise market.

Key Topics Covered:

Executive Summary

• Market Overview
• Wheel of Fortune
• Research Methodology
• Information Procurement
• Secondary & Primary Data Sources
• Market Size Estimation
• Market Assumptions & Limitations

Parent Market Analysis

• Market Overview
• Market Size

Market Dynamics

• Drivers
• Opportunities
• Restraints
• Challenges
• Key Market Insights
• Technology Analysis
• Pricing Analysis
• Supply Chain Analysis
• Value Chain Analysis
• Ecosystem of the Market
• IP Analysis
• Trade Analysis
• Startup Analysis
• Raw Material Analysis
• Innovation Matrix
• Pipeline Product Analysis
• Macroeconomic Indicators
• Top Investment Analysis
• Key Success Factor
• Degree of Competition
• Market Dynamics & Outlook

Market Dynamics

• Drivers
• Opportunities
• Restraints
• Challenges

Regulatory Landscape

• Porters Analysis
• Competitive rivalry
• Threat of Substitute Products
• Bargaining Power of Buyers
• Threat of New Entrants
• Bargaining Power of Suppliers

Special Insights on Future Disruptions

• Political Impact
• Economic Impact
• Social Impact
• Technical Impact
• Environmental Impact
• Legal Impact

Global Home Health Market by Product

• Market Overview
• Testing
• Screening
• Monitoring Products
• Mobility Care Products
• Therapeutic Products

Global Home Health Market by Service

• Market Overview
• Skilled Nursing Services
• Rehabilitation Therapy Services

Global Home Health Market Size by Region

• Market Overview
• North America
• USA
• Canada
• Europe
• Germany
• Spain
• France
• UK
• Rest of Europe
• Asia Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
• Latin America
• Brazil
• Rest of Latin America
• Middle East & Africa (MEA)
• GCC Countries
• South Africa
• Rest of MEA

Competitive Landscape

A selection of companies mentioned in this report includes

• McKesson Medical-Surgical Inc
• F. Hoffmann-La Roche Ltd
• Fresenius Medical Care
• Medtronic PLC
• 3M Healthcare
• Baxter International Inc
• B. Braun Melsungen AG
• Arkray, Inc
• Becton, Dickinson And Company
• Acelity L.P.

For more information about this report visit https://www.researchandmarkets.com/r/42pj1w

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