Home Healthcare Market Size Poised to Reach at a CAGR of 9.5% by 2024

Posted by Ratna Sri on September 11th, 2019

Home Healthcare Market Overview:

Home healthcare generally relates to the caregivers who look after patient’s or elderly people’s daily activities and assist them at their own place to recover from the illness sooner. These tasks are to be handled by the professionals who are licensed from the higher authorities. It is expected to reach USD 465.64 billion by 2024, growing at a CAGR of 9.5% during the forecast period 2018-2024.

Browse 189 Pages of Research Report developed on Home Healthcare Market @ https://www.marketdataforecast.com/market-reports/global-home-healthcare-market

Home Healthcare Market Growth Drivers and Restraints:

Increasing number of surgeries for various diseases and requirement to have support from the other person for the patient after surgery is a major factor for the market growth. Rise in the demand for cost effective treatment procedures at home is accelerating the demand of the market.

However, lack of licensed caretakers due to less training centers is diminishing the demand of the home healthcare market. Rapid changes in the economic strategies is restricting the growth of the market.

Growing demand for the point of care testing and people interest to have personalized diagnosis rather than going to hospital are considered to be as growth opportunities for the market. Rise in the geriatric population is fueling the demand of the market to the extent.

Home Healthcare Market Geographical Analysis:

Regionally, the global home healthcare market is segmented into Asia Pacific, North America, Europe, and Middle East and Africa. North America witnessed highest shares of the market by owing to acceptance of latest technological developments. Also, increasing awareness over the benefits of healthcare services at home is lavishing the demand of the market. Asia Pacific is positioned second in leading dominant shares of the market with the rise in the elderly population. Government initiatives steps over these programs is likely to bolster the demand of the market. In addition to this rising cardiovascular diseases and respiratory problems is leveraging the growth of the market in this region.

Europe is witnessed fastest growth rate over past decade and is expected to hit highest CAGR in coming years by increasing revenue of some countries. Also, launch of various innovative testing devices, which can be used at home simply by following instructions is broadening the demand of the market. The Middle East and Africa is anticipated to have significant growth rate in near future.

KeyPlayers of the Home Healthcare Market:

Almost Family, Inc.,National HealthCare Corporation,Acelity L.P., Inc.,Koninklijke Philips N.V.,Omron Healthcare, Inc.,Odyssey Healthcare, Inc.,Cardinal Health Inc., 3M Healthcare, F. Hoffmann-La Roche AG and Sunrise Medica are some of the key players in the home healthcare market.

The Scope of the report:

This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.

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