Rising incidence of chronic diseases and increasing technological advancement in-home healthcare products are key factors driving revenue growth
— Emergen Research
VANCOUVER, BC, CANADA, July 25, 2022 /EINPresswire.com/ — The global home healthcare market size was USD 198.78 Billion in 2021 and is expected to register a revenue CAGR of 8.3%, during the forecast period, according to the latest analysis by Emergen Research. Home healthcare market revenue growth is primarily driven by factors such as rising incidence of chronic diseases such as diabetes, cardiovascular disease, and hypertension and increasing technological advancements in-home healthcare products. Moreover, rising demand for telehealthcare services and virtual consultancy services for advice from healthcare experts without visiting clinics physically are some other factors driving revenue growth of the market.
The wide ranging Home Healthcare report consists of most recent market information with which companies can attain in depth analysis of Healthcare industry and future trends. With the global market data provided in the industry report, it has become easy to gain global perspective for the international business. By accomplishing an inspiration from the marketing strategies of rivals, businesses can set up inventive ideas and striking sales targets which in turn make them achieve competitive advantage over its competitors. Thus, the first class Home Healthcare market report is an indispensable model to have increments in business activities, qualitative work done, and enhanced profits.
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The report also covers SWOT examination and Porter’s Five Forces analysis to offer details about leading players. The key players in the market are focusing on developing new strategies such as mergers and acquisition, joint ventures, new product launches, agreements, and partnerships to retain their market position and expand their product base.
Leading companies operating in the market and profiled in the report include:
McKesson Medical-Surgical, Inc., Fresenius Medical Care AG, and Co., Medline Industries, Inc., AccentCare Inc., Kindred Healthcare, LLC. (LifePoint Health, Inc.), Amedisys Inc., LHC Group Inc., The 3M Company, Arkray, Inc., and Baxter International Inc.
The report offers insightful information about the market dynamics of the Home Healthcare market. It offers SWOT analysis, PESTEL analysis, and Porter’s Five Forces analysis to present a better understanding of the Home Healthcare market, competitive landscape, factors affecting it, and to predict the growth of the industry. It also offers the impact of various market factors along with the effects of the regulatory framework on the growth of the Home Healthcare market.
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Emergen Research has segmented the global home healthcare market based on product, services, ailments, and region:
Product Outlook (Revenue, USD Billion, 2019–2030)
Vital Sign Monitoring Devices
Weight Monitoring Devices
Glucose Monitoring Devices
Health Maintenance Device
Geriatric Assistance Devices
Nutrition Management Devices
Air Quality Devices
Locomotive Assistance Devices
Walking Assist Devices
Home pregnancy & Fertility Kits
Drug Delivery Devices
Oxygen Therapy Equipment
Service Outlook (Revenue, USD Billion, 2019–2030)
Infusion Therapy Services
Unskilled Care Services
Respiratory Therapy Services
Pregnancy Care Services
Skilled Nursing Services
Hospice & Palliative Care Services
The study segments the Home Healthcare industry in light of major classification such as product type, potential markets, application, and end-user. This industry assessment for the forecast period, 2022 – 2030 incorporates projections pertaining to the investment feasibility, gross margin, profits, consumption volume, production capability and major market vendors. Likewise, statistics associated with the competitive landscape, shifting consumer behaviour and spending power is showcased and well-explained with the help of treasured resources such as charts, graphs and graphic images, which can be easily incorporated in the business or corporate presentations.
Key point summary of the report:
The report offers a comprehensive overview of the market size, share, and growth rate in the forecast duration.
It provides details about current scenario, historical data, giving an accurate market forecast for the coming years.
The study categorizes the market on the basis of product types, applications, end users, market value and volume, business verticals, and 5 major regions.
It also offers regional market analysis and forecast for prominent geographies in the sector viz., North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Industry supply chain, sourcing strategy, upstream feedstock, and downstream demand analysis has also been undertaken in the research report.
The study offers a comprehensive understanding of the demand and supply dynamics, including production and consumption rates, and mapping of the overall market.
The report employs different analytical tools including, SWOT analysis, Porter’s five forces analysis, and pricing analysis, to give precise market information.
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The global home healthcare market size was USD 198.78 Billion in 2021