Press Release

Home Healthcare Market Research Insights, Industry Report With Portea, OMRON Group, Kindred Healthcare

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The Home Healthcare report portrays the extensive examination of Home Healthcare industry during the past, present and estimate period. This exploration study gives thoroughly researched data that will back up the strategies adopted by the players. . This report helps the readers to comprehend global market trends such as joint ventures, merges, product launches and acquisitions. This report also utilizes SWOT analysis which points out the key drivers and restrains of the market.

Global Home Healthcare Market is expected to reach USD 423,848.95 million by 2025, from USD 241,483.37 million in 2017 growing at a CAGR of 7.5% during the forecast period of 2018 to 2025 (Current Year Statistic Will Be Provided in Report).

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The global home healthcare market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of home healthcare market for global, Europe, North America, Asia Pacific and South America. Some of the prominent participants operating in this market are

Apple Home healthcare

Home Health Care, Inc

Home Healthcare Solutions

OMRON Corporation

Kindred Healthcare, Inc

Portea Medical

Koninklijke Philips N.V.

Air Liquide

Kinnser Software, Inc.

LHC Group, Inc.

National HealthCare Corporation.

Others: Sunrise Medical (US) LLC, arcadia.io., B. Braun Melsungen AG, Amedisys,  BPL Medical Technologies, DaVita Inc., Diaverum, Cardinal Health, Medtronic and among others.

As per Centers for Disease Control and Prevention, around 12,400 health agencies were there in 2014 that were providing the home healthcare services. In April 2018, LHC Group Inc., merged with the Almost Family, Inc. (U.S.) which delivered the growth potential in businesses and accelerates the growth with additional joint ventures and acquisitions. In January 2015, Air Liquide acquired optimal medical therapies. Through this acquisition Air Liquide, maintains its position in the German home healthcare market. In December 2014, Air Liquide announced the acquisition of a portion of ARAIR Group which added strength to home healthcare for patients suffering from chronic illnesses in France.

Key Developments in the Market:

In August, Philips and Qualcomm entered into strategic collaboration. Through this agreement, the company offers healthy living and prevention to chronic care management and home care.

In April, Air Liquide’s completed acquisition of EOVE. This acquisition helps Air Liquide to reinforce its expertise in home ventilation for chronic respiratory failure thanks to cutting-edge technological for home care. Apart from that this acquisition EOVE to accelerate its international development.

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Market Segmentation: Global Home Healthcare Market

The home healthcare market is segmented into component, services and software.

Based on component, the market is segmented into

Products

Services

Software

The home healthcare segment is further sub-segmented on the basis of product into testing, screening, & monitoring products, therapeutic products and home healthcare mobility care products. Home healthcare market is further sub segmented on the basis of into testing, screening, & monitoring products into blood glucose monitors, blood pressure monitors, cholesterol monitoring devices, pulse oximeters, home hemoglobin a1c test kits, hearing aids, sleep apnea monitors, temperature monitors, ECG/EKG devices, heart rate monitors, peak flow meters, ovulation and pregnancy test kits, coagulation monitors, HIV test kits, pedometers, EEG device and others.

Home healthcare market is further sub segmented on the basis of therapeutic products into

Insulin delivery devices

Dialysis equipment; wound care products

Inhalers

Nebulizers

Sleep apnea therapeutic devices

Ventilators

Oxygen delivery systems and other

Home healthcare mobility products is further sub segmented into canes, crutches, walkers & rollators, wheelchairs, mobility scooters.

Based on services, the market is sub-segmented into

Unskilled care services,

Rehabilitation therapy services,

Short-term nursing services,

Hospice and palliative care services,

Infusion therapy services,

Respiratory therapy services,

Home health aide services,

Pregnancy care services and others.

Home healthcare services are further sub segmented on the basis of rehabilitation therapy services into physical therapy and occupational therapy and speech language pathology.

Based on software, the market is sub-segmented into

Clinical management systems

Agency software

Hospice solutions

Based on geography, the market report covers data points for 28 countries across multiple geographies namely North America & South America, Europe, Asia-Pacific and, Middle East & Africa.

Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa and, Brazil among others.

By Geography

North America (U.S., Canada, Mexico)

South America (Brazil, Argentina, Rest of South America)

Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland, Rest of Europe)

Asia-Pacific ( Japan, China, South Korea, India, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia Pacific)

Middle East & Africa (South Africa, Egypt, Saudi Arabia, United Arab Emirates, Israel, Rest of Middle East & Africa)

Major Market Drivers and Restraints:

  • Increasing cases of chronic diseases
  • Technological advancement
  • Increasing geriatric population
  • Insurance coverage
  • Emerging markets
  • Increasing demand of telehealth
  • Lack of skilled home care service provider

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