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Patients or individuals use home healthcare equipment and services to manage various conditions such as cardiovascular diseases, hypertension, diabetes, respiratory diseases, pregnancy, mobility disorders, cancer, wound care, and other conditions at home. Home healthcare is mostly used when a patient or individual requires prolonged care.
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Home Healthcare Market Size, Share, Forecast, & Trends Analysis
Home healthcare Market is expected to reach $514.5 billion by 2030 According to the latest report by Meticulous Research®, the global home healthcare market is projected to reach $514.5 billion by 2030, growing at a compound annual growth rate (CAGR) of 7.9% over the forecast period. This growth is driven by several key factors, including the rising prevalence of chronic diseases and the increasing adoption of home healthcare services as a cost-effective alternative to expensive hospital care. Additionally, the growing demand for home-based care due to infectious disease concerns, opportunities in emerging markets, and the launch of advanced home healthcare technologies are expected to fuel market expansion. Download free sample report here: https://www.meticulousresearch.com/download-sample- report/cp_id=1280 Home Healthcare Market: Future Outlook • The home healthcare market is segmented into offerings, services, applications, and geography. The study also evaluates key industry competitors and provides insights at both regional and country levels. Market Segmentation: • By Offering: • oHome Tests and Patient Monitoring Equipment (e.g., fertility tests, pregnancy tests, blood pressure monitors, oximeters, thermometers, diabetes management tools) oHome Therapeutic Equipment (e.g., respiratory therapy equipment, dialysis equipment, IV equipment) oPatient Support Equipment (e.g., mobility assist devices like wheelchairs, medical furniture, and bathroom safety equipment) In 2023, the home therapeutic equipment segment is expected to hold the largest market share due to the increasing incidence of chronic conditions such as kidney disease and respiratory disorders, alongside the availability of rental therapeutic equipment. Browse in depth: https://www.meticulousresearch.com/product/home-healthcare-market-1280 Page 1 of 4 © Meticulous Research| sales@meticulousresearch.com
Home healthcare Market is expected to reach $514.5 billion by 2030 By Services: • oThe market is categorized into rehabilitation services, infusion services, skilled care/nursing, unskilled care services, telehealth services, hospice care, respiratory therapy, and others. The skilled care/nursing segment is expected to witness the highest growth, driven by the growing elderly population requiring long-term care, the burden of chronic diseases, rising awareness of telehealth, and cost advantages over hospital services. By Application: • oThe home healthcare market is divided into several applications, including cardiovascular diseases, diabetes, respiratory diseases, mobility disorders, pregnancy care, cancer, and wound care. The diabetes segment is projected to account for the largest share of the market in 2023 due to the increasing global prevalence of diabetes and the need for continuous glucose monitoring among patients. Geographic Insights: • The report provides a comprehensive geographic analysis, covering regions such as: North America (U.S. and Canada) • Europe (Germany, U.K., France, Italy, Spain) • Asia-Pacific (China, Japan, India, and others) • Latin America (Brazil, Mexico, and others) • Middle East & Africa • Download request sample report here: https://www.meticulousresearch.com/request-sample- report/cp_id=1280 In 2023, North America is expected to lead the market, with the U.S. being the largest contributor. The U.S. market growth is attributed to high disposable incomes, a growing number of patients with chronic conditions, and government initiatives promoting home healthcare services. Europe and Asia-Pacific are Page 2 of 4 © Meticulous Research| sales@meticulousresearch.com
Home healthcare Market is expected to reach $514.5 billion by 2030 also significant markets, with Asia-Pacific experiencing rapid growth due to the rising demand for home healthcare services in developing economies. Key Players: • Prominent companies in the home healthcare market include: Abbott Laboratories (U.S.) • Amedisys, Inc. (U.S.) • Owens & Minor (U.S.) • B. Braun SE (Germany) • Baxter International, Inc. (U.S.) • BAYADA Home Health Care (U.S.) • Convatec (U.K.) • Halyard Health, Inc. (U.S.) • Covidien (Ireland) • Fisher & Paykel (New Zealand) • Fresenius Medical (Germany) • GE Healthcare (U.S.) • Johnson & Johnson (U.S.) • F. Hoffmann-La Roche AG (Switzerland) • Buy now: https://www.meticulousresearch.com/Checkout/75210802 Page 3 of 4 © Meticulous Research| sales@meticulousresearch.com
Home healthcare Market is expected to reach $514.5 billion by 2030 In summary, the home healthcare market is on a strong growth trajectory, driven by an aging population, increasing chronic diseases, technological innovations, and cost-saving potential compared to traditional hospital care. The U.S. and North America are leading the market, while opportunities for further growth are also emerging in developing regions. Contact Us: Meticulous Research® Email- sales@meticulousresearch.com Contact Sales- +1-646-781-8004 Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research *Related research Latin America home healthcare market: https://www.meticulousresearch.com/download-sample- report/cp_id=1287?utm_source=article&utm_medium=social&utm_campaign=produc t&utm_content=26-09-2024 Page 4 of 4 © Meticulous Research| sales@meticulousresearch.com