Home Healthcare Market Trends & Technology and Industry Growth Forecast by 2026

New York, NY 6 April 2020:The global home healthcare market is estimated to reach USD 447.6 billion by 2025 growing at a CAGR of 8.3% during the forecast period, according to a new study published by Polaris Market Research. The report ‘Home Healthcare Market Size, By Component Type (Equipment – (Mobility Assist, Therapeutic, Diagnostics), Service – (Infusion Therapy Services, Telemetry, Respiratory Therapy Service, Rehabilitation, Unskilled Home Care)), By Region: Segment Forecast, 2018 – 2026’ provides an extensive analysis of present market dynamics and predicted future trends.

The rising geriatric population globally and increasing workforce of home healthcare service providers. Moreover, increasing demand for home healthcare, and large number of population suffering from chronic disease that require long term care would retain the home healthcare market. While, increasing mergers and acquisitions between the manufacturers to tap the potential market will also influence the entire industry. However, high cost of service providers can hinder market in the near future.

The major players in the market include GE Healthcare, McKesson Corporation, Roche Holding AG, Linde Corporation, Abbott Laboratories, Omron Healthcare, Philips Healthcare, A&D Company, Kindred Healthcare, LHC Group, Fresenius, Kinnser Software.

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Regionally, North America holds the major share of the global home healthcare market. This report cover the following regions: North America, Europe, Asia-Pacific, Latin America, and MEA. In terms of geography, North America accounted majority share in the global market due to huge number of older population that require home care. While, Asia Pacific has a profitable market during the forecast period. This growth is primarily driven by the increasing investment and awareness for home care services in the developing countries on improving the healthcare infrastructure.

Key Take-away

· Based on product type, service dominate the market in 2017.

· On the basis of geography, the North America’s region dominates the home healthcare market. whereas, Asia Pacific is would notice high growth rate during the forecast period.

Polaris Market Research has segmented the global Home Healthcare market on the basis of Product Type and region type:

Home Healthcare By Product Type (Revenue, USD Billion, 2015 – 2026)

· Equipment

· Service

Home Healthcare By Geography (Revenue, USD Billion, 2015 – 2026)

· North America

o U.S.

o Canada

· Europe

o UK

o Germany

o France

o Italy

o Spain

· Asia-Pacific

o China

o Japan

o India

o Australia

· Latin America

o Brazil

o Mexico

o Rest of Latin America

· Middle East & Africa

o South Africa

o Rest of Middle East & Africa

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About Polaris Market Research

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavour to deliver value-added business solutions to our customers.

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