Author : Acumen Research and Consulting

The global home healthcare market is segmented into component and region. Component segmentation of the global home healthcare market can be further bifurcated into equipment and service. The equipment sub- segment based on the component segmentation of the market can be further classified into therapeutic, diagnostic, and mobility assist. Services sub- segment is also further bifurcated into rehabilitation, unskilled home care, respiratory therapy services, infusion therapy services, and telemetry. On the basis of region the global Home healthcare market is bifurcated into Europe, Latin America, North America, Middle East & Africa, and Asia Pacific.

To beat the costs involved in hospital stays, the alternative of home healthcare is sought after. The cost factor thus serves as a huge push to the global home healthcare market. Developing workforce in the business is converting into a more prominent need for home healthcare services. Additionally, the rising geriatric populace is one of the key drivers for the market. Maintenance of hospitals and establishment and other such settings are capital serious in nature and involve huge demand as far as capital and operational costs.

It is expected that the global home healthcare market will grow at a CAGR of 7.9% over the coming years reaching a market size of roughly USD 528.2 billion by the year 2026.

Here are some more points to help explain further about the global home healthcare market:

• In 2018, the major revenue share was secured by North America in the global home healthcare market of 44.5%. Nearness of refined restorative foundation and high patient mindfulness levels combined with generally higher health spending levels in the region are the main drivers of such impressive growth in this region.
• Dynamic economy, changes to enhance foundation, high neglected requirements of a wide populace base, and accessibility of talented work is relied upon to animate the development of the Asia Pacific region in the coming times.
• The significant market players involved in this market include National Healthcare Corp.,Almost Family Inc.,Omron Healthcare Inc., B. Braun Melsungen AG,Critical Homecare,Abbott Laboratories,Dickinson and Company,Sunrise Medical Inc.,Becton,3M Health Care,Odyssey Healthcare Inc.,Baxter,Apria Healthcare Group, Medtronic,Arkray Inc.,Cardinal Health Inc.,Roche diagnostics Corp.,Nxstage Medical, Inc.,Air Liquide,Amedisys, Inc.,Arcadia Health Care, and Bayer AG.

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