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:
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