Increasing attention to telemedicine and growing demand for home treatment equipment

Global home healthcare market

DUBLIN, March 19, 2024 (Globe Newswire) — Products (dialysis machines, ventilators, HIV test kits, hearing aids, activity monitors), services (skilled nursing, IV therapy, palliative care), indications Added separate 'Global Home Healthcare Market' (Cancer, Wound Care, Diabetes), Regions – Forecast to 2028' report ResearchAndMarkets.com Recruitment.

The global home healthcare market is projected to reach $383 billion by 2028 from $250 billion in 2023, at a CAGR of 8.9% during the forecast period. The main driving force behind the growth of this market is the introduction of new technologies in home healthcare products and services.

Therapeutic drugs segment accounted for the highest growth rate by product in the home healthcare market during the forecast period.

Products for testing, screening and monitoring. Therapeutic products. Items for mobility care constitute a segment of the home healthcare market. The therapeutic supplies category recorded the highest growth rate in the home healthcare market in 2022. The increasing incidence of chronic diseases is primarily responsible for the market expansion.

Infusion therapy services segment accounted for the highest CAGR

The service categories that make up the home health market include skilled nursing, rehabilitation therapy, hospice and palliative care, unskilled care, respiratory therapy, intravenous therapy, and prenatal care services. The category with the highest growth rate through 2022 was skilled nursing services. This is explained by both urbanization and population growth.

Asia Pacific: Fastest growing regional home healthcare market

The global home healthcare market is segmented into North America, Europe, Asia Pacific, and Rest of the World. During the forecast period, Asia-Pacific is expected to register the highest CAGR. Possible factors include rising medical costs and government initiatives to support home care.

This report provides insights such as:

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• Key factors influencing global growth (high prevalence of chronic diseases, increasing elderly population), constraints (alternative technologies), opportunities (increasing healthcare costs, increasing demand from emerging countries), and challenges Analysis of (strict regulations, insurance coverage limitations). Home medical care market.

• Product Development/Innovation: Detailed insights into upcoming technologies, research and development activities, and new product and service launches in the home healthcare market

• Market Development: Comprehensive Information on Profitable Market – This report analyzes the home healthcare market in various regions.

• Market Diversification: Thorough information on new products, unexplored regions, recent developments, and investments in the Home Healthcare Market

• Competitive Assessment: A detailed assessment of the market share, growth strategies, and service offerings of key players such as Fresenius, Abbott, GE Healthcare, Koninklijke Philips, and ResMed in the home healthcare market.

Key attributes:

Main topics covered:

executive summary

• Home Healthcare Market, By Product, 2023 vs. 2028 (USD Billion)

• Home Healthcare Market, by Service, 2023 vs. 2028 (USD Billion)

• Home Healthcare Market, By Indication, 2023 vs. 2028 (USD Billion)

• Home Healthcare Market: Geographical Snapshot

premium insights

• Home Healthcare Market Overview – Increasing number of target patients driving market growth

• Geographical Growth Opportunities for Home Healthcare Market – Japan and China register highest growth during forecast period

• Home Healthcare Market: Geographical Composition – Asia Pacific region to witness highest growth during forecast period

• Home Healthcare Market: Developed vs. Emerging Countries – Emerging countries register higher growth during the forecast period

Market trend

driver

• Rapid growth in the elderly population and increasing incidence of chronic diseases

• Increase in R&D investment

• The need for cost-effective healthcare delivery due to rising costs

• Increasing preference for personalized care

restraints

opportunity

• Growing attention to telemedicine

• undeveloped developing regions

• Growing demand for home treatment equipment

• Growing demand for home sleep apnea testing

• Growing interest in home hemodialysis treatment

assignment

Introduced companies

For more information on this report, please visit https://www.researchandmarkets.com/r/6vjxyn.

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