Exactitude Consultancy Press Release: Global home health care market

The home health care market is being driven by the introduction of newer technologies in healthcare.

Explore 188 market data Tables spread through nearly 125 Pages and in-depth analysis on “Home Health Care Market By Equipment (Therapeutic, Diagnostic, Mobility Assist), Services (Rehabilitation, Telehealth, Respiratory Therapy, Infusion Therapy, Unskilled Homecare), Indication (Cancer, Neurological Disorders, Mobility Disorders, Diabetes, Cardiovascular Disorders, Others), Software (Agency Software, Clinical Management Systems, Hospice Solutions), Type (Home Healthcare Monitoring, Home Healthcare Services, Home Healthcare Software Solutions) And Region, Global Trends And Forecast From 2022 To 2029” with Table of Contents

Lack of skilled nursing personnel may restrain the home health care market growth.

It is anticipated that the shortage of compassionate nursing staff will slow the rate of growth of the home Healthcare market in India. According to a study, India’s active Health workforce density is slightly higher than the WHO-recommended threshold of 44.5 skilled health workers per 10,000 people. In home care, there is less face-to-face interaction between the nurse and doctor, and the nurse is in charge of conducting assessments and sharing findings. In India, in-home healthcare treatments for geriatric and chronic conditions are not covered by insurance companies; only post-hospitalization treatments are covered by insurance.

The home health care market presents a number of opportunities for growth and development.

The market for home health care offers a range of chances for expansion and improvement. These include the growing need for individualized and patient-centred care, technological advancements enabling remote monitoring and telehealth solutions, an ageing population on the rise, the prevalence of chronic diseases rising, and the requirement for effective and affordable healthcare delivery models. Collaborations with insurance companies and healthcare systems, as well as the expansion of home health care services to underserved areas, can also open up new market opportunities.

COVID-19 had significantly impacted the home healthcare market.

The market for home health care has been significantly impacted by the COVID-19 pandemic. Many people and families have chosen home health care as a safer alternative to institutional care settings due to the need for social isolation and lowering virus exposure. Due to the pandemic, telehealth and virtual care solutions have been adopted more quickly, enabling medical professionals to remotely monitor and treat patients at home. Additionally, it has emphasized the significance of infection prevention and safety procedures in home health care. Overall, the pandemic has highlighted the importance and advantages of home health care, increasing demand for it and encouraging its growth.

Rehabilitation services segment had a higher revenue share in terms of services.

Rehabilitation services held the largest market share in the global market for home healthcare services in 2021 due to their widespread use for post-operative recovery. However, telehealth is expected to experience exponential growth over the forecast period due to the rising consumer adoption of using mobile phones to access healthcare services. This market is expected to grow as a result of the lockdown and social withdrawal standards imposed by the COVID-19 pandemic.

North-America domintaes the home health care market.

During the anticipated period (2023-2032), North America dominated the global market for home healthcare. Due in large part to the availability of a more advanced medical infrastructure, high standards of patient care, and high cost levels in this region, this region increased its market share by 40% overall. During the anticipated period, it is anticipated that the Asia-Pacific region will grow quickly.

The home health care market key players include Abbott Laboratories, Amedisys Inc., Owens & Minor, B. Braun SE, Baxter International Inc., BAYADA Home Health Care, Convatec, Halyard Health Inc., Covidien, Fisher & Paykel, and others.

Key Market Segments

Home Health Care Market By equipment, 2020-2029, (USD Billion)

• Therapeutic
• Diagnostic
• Mobility Assist

Home Health Care Market By services, 2020-2029, (USD Billion)

• Rehabilitation
• Telehealth
• Respiratory Therapy
• Infusion Therapy
• Unskilled Homecare

Home Health Care Market By Indication, 2020-2029, (USD Billion)

• Cancer
• Neurological Disorders
• Mobility Disorders
• Diabetes
• Cardiovascular Disorders
• Others

Global Market By Software, 2020-2029, (USD Billion)

• Agency Software
• Clinical Management Systems
• Hospice Solutions

Global Market By Type, 2020-2029, (USD Billion)

• Healthcare Monitoring
• Home Healthcare Services
• Home Healthcare Software Solutions

Global Market By Region, 2020-2029, (USD Billion)

• North America
• Asia Pacific
• Europe
• South America
• Middle East And Africa

Important Countries In All Regions Are Covered.

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