Home Healthcare Market Driven by the Penetration of Automation technology
Posted by niharika on July 22nd, 2019
Home Healthcare Market: Snapshot
Home healthcare for some has become a necessity as well as an affordable and effective option, akin to the hospital or skilled nursing facilities. Home healthcare is also known as domiciliary care, social care, or in-home care. In-home care is important for patients who lack mobility The goal of home healthcare services is to help the individuals to promote the patient optimal level of well-being and to assist them to remain at home avoiding hospital admission. The home care services are government certified and involve HCPs such as registered nurses (RNs), licensed practical nurses (LPN's), physical therapists (PTs), occupational therapists (OTs), speech-language pathologists (SLPs), unlicensed assistive personnel (UAPs), home health aides (HHAs), and medical social workers (MSWs).
According to the recently published report by IndustryARC, the global home healthcare market size was 0billion to 8billion in 2018, and the opportunities are estimated to grow with a global CAGR of 7.2% to 8.0% during the forecast period of 2019 to 2025. The report is titled “Home Healthcare Market: By Products (Dialysis, Diabetes, Drug Delivery, Essential, Mobility, Respiratory & Others); Services (Rehabilitation, Skilled, Unskilled, Virtual, Hospice, Companion, Social & Others) - Forecast (2019 - 2025).”
According to the UNFPA, the population of older people in APAC is rising with a drastic rate. It is estimated that the aging population will reach to 1.3 billion by 2050. Huge amount of aging population mostly requires the devices that can monitor them constantly that is fueling the demand for the home healthcare market.
Home Healthcare Market: Leading Segments
View Full Table Of Content Of Home Healthcare Market:
Home Healthcare Market: Trends
Common diagnoses among home healthcare patients includes circulatory disease, heart disease, injury and poisoning, musculoskeletal, connective tissue disease, and respiratory disease. These types of diagnoses require monitoring and management throughout. Hence, home healthcare is highly recommended to such patients that is driving the market demand growth.
Home Healthcare Market: Competitive Landscape
Some of the major key players in the market are Apple Home healthcare, Home Health Care, Inc, Home Healthcare Solutions, OMRON Corporation., Kindred Healthcare, Inc., Portea Medical|, Koninklijke Philips N.V., Air Liquide, Kinnser Software, Inc., LHC Group, Inc., National HealthCare Corporation., Sunrise Medical (US) LLC, arcadia.io., B. Braun Melsungen AG, Amedisys, BPL Medical Technologies, DaVita Inc., Diaverum, Cardinal Health, and Medtronicc.
About IndustryARC: IndustryARC is a research and consulting firm that publishes more than 500 reports annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare.
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About the Authorniharika
Joined: July 9th, 2019
Articles Posted: 64
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