Home Healthcare Market, By Component (Software, Services, Mobility Assist Devices, Diagnostics, and Therapeutic Products), and By Geography - Analysis, Share, Size, Trends, & Segment Forecast from 2020-2026
|発行||AnalystView Market Insights||商品コード||937191|
|出版日||ページ情報||英文 229 Pages
|在宅医療の世界市場：コンポーネント別、地域別の分析、シェア、市場規模、トレンド、セグメント別の予測：2020年～2026年 Home Healthcare Market, By Component (Software, Services, Mobility Assist Devices, Diagnostics, and Therapeutic Products), and By Geography - Analysis, Share, Size, Trends, & Segment Forecast from 2020-2026|
|出版日: 2020年05月01日||ページ情報: 英文 229 Pages||
Home healthcare market was valued at USD 285.7 billion by 2019, growing with 10.3% CAGR during the forecast period, 2020-2026
Home healthcare is a growing feasible option being preferred by patients due to an increase in geriatric population and rising healthcare costs. Home healthcare is beneficial for getting diagnosed and treatment of a specific disease amongst patients at home. The home healthcare provides an extensive range of services including skilled nursing, speech therapy, occupational therapy, and physical therapy. With the digitization of data, it has now become simpler for patients to contact clinicians and physicians and obtain an accurate diagnosis from their comfort zone, their home.
The growing population all across the globe and increasing preference of patients for value-based healthcare are the significant factors boosting the growth of the global home healthcare market. According to the statistics provided by the World Health Organization (WHO), the population of people aged 65 years and older were around 703 million all across the globe in 2019. In addition, this number is expected to rise to 1.5 billion by 2050. Thus, the demand for healthcare agencies and workers is increasing as this ageing population demands more patient-centric care. Moreover, the rising incidence of diseases such as cardiovascular, Parkinson's disease, metabolic, infectious diseases such as HIV & AIDS, are other factors driving the market growth. Conversely, lack of skilled medical professionals and high costs related to services for home healthcare is predicted to hamper the market growth during the forecast period. Furthermore, the increasing disposable income and various initiatives taken by the government of both developing and developed countries to support home healthcare are likely to create enormous growth opportunities in the overall home healthcare market in the coming future. Further, the report takes into account the impact of the novel COVID-19 pandemic on the home healthcare market and offers a clear assessment of the projected market fluctuations during the forecast period.
Based on component, the worldwide home healthcare market is categorized into software, services, and equipment. Of these, the services segment is estimated to dominate the market throughout the forecast owing to a rise in demand for healthcare agencies coupled with the growing elderly population. In addition, the rising incidence of chronic diseases amongst the elderly is another factor impelling the segmental market growth.
The services component segment is further sub-segmented into rehabilitation services, respiratory therapy services, unskilled home care, telemetry, and infusion therapy services. Among these, the rehabilitation services accounted for the majority of market share in 2019 and are anticipated to expand at a considerable rate during the period of forecast. This significant growth is majorly owing to increased demand for skilled nurses that offer rehabilitation services.
The equipment component segment is further sub-segmented into therapeutics, diagnostic, and mobility assist. Among these, the therapeutic devices subjugated the equipment segment in 2019 and are expected to grow at an impressive rate during the forecast period. This growth is attributed to the rise in demand for advanced medical devices for treating ESRD (end-stage renal disease), urinary incontinence, and acute or chronic respiratory illness. Besides, minimized service charges for in-home healthcare than nursing homes or hospitals is another major factor impelling the segmental market growth. As per the statistics provided by the University of California, around 2 million patients per year globally and 750,000 patients in the U.S. are affected by the ESRD.
On the other hand, the diagnostics equipment segment is projected to experience significant growth during the period of forecast owing to the growing prevalence of cardiovascular diseases and diabetes, wherein continuous monitoring is required. Besides, integration of wearables, smartphones, Internet of Things (IoT), sensors, and micro fluids and growing awareness levels of patients towards technological advancements & screening process epitomize a strong opportunity for delivering rapid, low-cost, sensitive, and connected diagnostics.
Along with equipment, the software segment is also anticipated to grow at a healthy rate during the estimated period. The software component segment is further sub-segmented into hospice solutions, agency management software, and clinical management systems. Of these, the clinic management systems accounted for the largest revenue share the market in 2019 mainly due to the feature of these systems to provide an all-in-one solution for the agencies. On the other hand, the agency management software sub-segment is projected to experience fast growth throughout the forecast owing to its wide range usage in maintaining business records, roaster scheduling, patient remote monitoring, and billing.
Depending on geography, the global industry is divided into Europe, North America, Asia Pacific, Latin America, and Middle East & Africa. The North America market for home healthcare accounted for the majority of markets share in 2019 mainly due to the shifting trends from nursing homes to in-home healthcare, the presence of sophisticated medical infrastructure, and technological advancements.
Along with North America, Germany accounted for the largest market share in the Europe region in 2019 followed by France. This is primarily due to the rising in-home healthcare expenditure in the country and mounting demand for the skilled nursing workforce for home healthcare services. On the other hand, the Asia Pacific region is projected to grow at the fastest pace in the estimated period due to growing ageing population, economy, skilled labor availability, and high occurrence of chronic diseases in this region.
Key Vendor Takeaway
The major players operating in the global home healthcare market include Medline Industries, Inc., Baxter International, Inc., McKesson Medical-Surgical Inc., 3M Healthcare, Fresenius Medical Care, B. Braun Melsungen AG, Becton, Arkray, Inc., Medtronic PLC, F. Hoffmann-La Roche AG, Molnlycke Health Care, Dickinson And Company, ConvaTec Group PLC, Hollister Inc., and Acelity L.P. These players are adopting various strategies such as the introduction of novel services, acquisitions, and mergers to hold a strong market share.
For instance, in July 2019, Optima Healthcare Solutions was acquired by an outpatient software provider, Net Health, to enter into the hospice and home health segments of the post-acute healthcare service industry.
The market size and forecast for each segment and sub-segments has been considered as below:
Historical Year - 2015 to 2018
Base Year - 2019
Estimated Year - 2020
Projected Year - 2026
Traders, Distributors, and Suppliers
Government and Regional Agencies
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
Medline Industries, Inc.
Baxter International, Inc.
McKesson Medical-Surgical Inc.
Fresenius Medical Care
Braun Melsungen AG
Hoffmann-La Roche AG
Molnlycke Health Care
Dickinson And Company
ConvaTec Group PLC
HOME HEALTHCARE MARKET, BY COMPONENT
Agency Management Software
Clinic Management Systems
Unskilled Home Care
Respiratory Therapy Services
Infusion Therapy Services
Walking Assist Devices
Home Medical Furniture
Diabetic Care Unit
Multi Para Diagnostic Monitors
Apnea and Sleep Monitors
Home Pregnancy and Fertility Kits
Heart Rate Meters
Insulin Delivery Devices Market
Home Respiratory Therapy Equipment
Home Dialysis Equipment
Home IV Pumps
HOME HEALTHCARE MARKET, BY REGION
Rest of Europe
Rest of APAC
Rest of LATAM
Middle East and Africa
United Arab Emirates
Rest of MEA