U.K. Home Healthcare Market Top Key Players, Size, Industry Share, Analysis and Growth Forecast to 2026
The U.K. home healthcare market is projected to reach USD 1,951.7 Million by 2026, thereby exhibiting a CAGR of 6.4% during the forecast period (2019-2026). It is anticipated to gain momentum from increasing geriatric population as well as a rising prevalence of numerous chronic disorders, namely, diabetic foot ulcer, ostomy, and incontinence. This information is provided in a published report by Fortune Business Insights, titled, “U.K Home Healthcare Market Size, Share and Industry Analysis Product By Product (Continence Care and, Ostomy Care, Clinical Nutrition, Respiratory Care, Equipment and Housekeeping Supplies, Disposables) and Regional Forecast, 2019-2026.” The report states that the U.K. home healthcare market size was valued at USD 1,192.6 Million in 2018.
Fortune Business Insights profiles some of the prominent companies operating in the U.K. home healthcare market. They are as follows:
- ConvaTec Group plc
- Hollister Inc.
- Molnlycke Health Care
- Medline Industries Inc.
- Smith and Nephew plc
- Acelity L.P.
- Coloplast
- Fresenius Medical Care
- Melsungen AG
- Braun
- Other key market players
The report highlights the U.K. home healthcare market trends, growth drivers, obstacles, segments, and other related insights. It forecasts the current, historical, and forthcoming size of the market in terms of volume and value. Besides, it conducts pricing analysis for the regional market.
For more information in the analysis of this report, visit: https://www.fortunebusinessinsights.com/industry-reports/kyphoplasty-market-101011
Technological Advancements in Home Healthcare Devices to Accelerate Growth
According to the Central Bureau of Statistics (CBS), on 1 [st] January 2019, around 3.31 million people were above the age of 65 years in the U.K. It accounted for approximately 19.4% of the total population of the region. This proves that a rise in the aging population coupled with the prevalnece of chronic disorders, such as Alzheimer's, hypertension, and mental illness are expected to augment the U.K. home healthcare market growth during the forecast period.
Furthermore, the introduction to numerous innovative technologies has aided in elevating the level of care of the elderly population. It also supports those patients that are undergoing treatment for chronic diseases at home healthcare facilities. Apart from that, the home healthcare facilities are providing several benefits that include ease of access, enhanced quality of care, reduced cost, close monitoring of healthcare parameters, and less dependency on healthcare professionals.
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