Home healthcare is a supportive care provided in the home for patients, who cannot travel and have limited access to medical facilities. It is usually provided by licensed healthcare professionals who provide medical treatment and needs assistance to ensure the activities of daily living are met. Increased geriatric population is among the major factor which drives the growth of the market in the estimated forecasts period. Moreover, in the past few decades, there has been an escalation in the occurrence of the chronic diseases, which also contributes to the growth of the market in the estimated forecasts period. However, some of the factors such as shortage and lack of skilled workers hinders the growth of the market.
Home Healthcare Market: Key Players
The research study includes profiles of leading companies operating in the global home healthcare market. Key players profiled in the report include: Philips Healthcare, Kindred Healthcare, Linde Group, Almost Family Inc., Abbott Laboratories, LHC Group, A&D, Amedisys, Fresenius and Omron.
Drivers for the Global Home Healthcare Market:
Rising incidences of chronic disease attributes to the growth of the market in the estimated forecasts period. In the past few decades, the number of geriatric population has increased, which contributes to the growth of the market in the estimated forecast period. Moreover, some of the factors such as increased adoption of technology and introduction of new gadgets bolster the growth of the market.
Opportunities for the Global Home Healthcare Market:
Some of the factors such as increased demand for the home care services across the developing countries are also some of the major attributes which boost the growth of the market. Moreover, in the past few decades, there has been an increased demand for the tele-health which contributes to the growth of the market in the estimated forecasts period. In addition, increased exposure to new technologies is also major attributes which have an impact on the growth of the market.
Restrains for the Global Home Healthcare Market:
Some of the factors such as high costs of the treatment hinder the growth of the market. In addition, lack of skilled workers is also one of the major challenges which affect the growth of the market. Some of the insurance policies do not cover the some of the costs of the diseases, thereby hampering the growth of the market.
Region Wise, Global Home Healthcare Market Analysis:
North America is anticipated to have largest share in the market. This can be attributed to the increased adoption of new technology. Moreover, increasing geriatric population are also some of the major aspects which have an impact on the growth of the market in the estimated forecast period.
Covid-19: Impact and Recovery Analysis for Global Home Healthcare Market:
The world is greatly affected by the uncertain raise of the covid-19 Pandemic among the population. The Corona virus outbreak has disrupted & disturbed every sector of business as well as human activity. In most parts of the world there has been a complete restriction set by governments regarding various activities and in turn this is greatly affecting the financial stability of industries like: Home Healthcare Market globally. Most of the industries and businesses like: Home Healthcare Market are shifting to manufacturing equipment that can support the covid-19 spread from increasing and spreading. The Home Healthcare market has been impacted due to government restrictions on public activity, halting business activities, shutting down of service companies/providers and many other impacts that have been caused due to lockdown in various parts of the world. The market is focusing on providing medical services to provide better healthcare facilities for senior citizens at home, can control the spread of covid-19 and expanding the use of tele-health services which can boost the growth of the market.
Global Home Healthcare Market: Product analysis
- Mobility Assist
Global Home Healthcare Market: Application analysis
- Respiratory Therapy
- Hospice and Palliative Car
- Pregnancy Care
Global Home Healthcare Market: Region analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of L.A.
- Middle East and Africa
- South Africa
- Rest of Middle East
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