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Global Home Healthcare Market, Global Home Healthcare Industry, Market Major Players, Market Revenue: Ken Research
March 2020

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How is the Home Healthcare Market Positioned Across the Globe?

The growth of home healthcare market in the past decade was limited to America and Europe. The industry has now started booming with companies expanding their global footprint and investing in growth markets such as India, China and Germany. In countries where it is adopted by the government, home healthcare proved to reduce emergency department visits, hospitalizations and readmissions. In USA, Medicare saved USD 2,700 per beneficiary annually for homebound patients.

The occupancy rates of beds in nursing homes and hospitals has been increasing in various countries hence stakeholders are more willing to adopt ways to shift patients to their homes and free up beds for more complex and urgent cases. According to a survey by Canadian Home Care Association, with the aid of healthcare services at home, there has been a decline of around 72% in emergency department visits in the country in 2018.

Across the globe, hospitalization costs are surging and quality of nursing homes and residential care facilities is reported to be deteriorating. This has further paved the way for quality in-home care demand. The number of remotely monitored patients in 2016 was estimated to be around ~ million and is forecasted to reach ~ million by the year ending 2021. Home medical monitoring devices connections are estimated to reach ~ million units by 2021, led by the CRM segment.

Countries such as Japan and Germany are currently facing an “ageing crisis” with high demand for long term care but much lower supply of medical professionals, especially in the home healthcare segment, where employee turnover ratios are as high as ~40.0%.

Even though home healthcare constitutes an average of 3.0%-6.0% of overall health spending, it is a growing challenge for the government to sustain the demand. EHC, one of the leading home healthcare providers, reported that out-of-pocket spending contributed less than 1.0% to its revenue in 2018. The ratio can be anywhere between 1.0% to 8.0% in USA for Medicare/Medicaid enrolled agencies and much higher in countries where home health care is not covered in government health insurance and policies, such as India.

How is global Drug Abuse Testing Devices market Segmented?

By Region (Americas, Europe, Asia-Pacific and MEA)

The Americas region accounted for the highest market share in terms of revenue by capturing ~% in 2019, USA being the major provider of home healthcare services. It was followed by Europe, Asia-Pacific and the MEA region. The growth rate in APAC region has been considerably higher than other regions.

By Age Group

Elderly population accounted for the highest share in global home healthcare revenues, followed by middle aged population. Various countries currently face an ageing crisis and home healthcare has been proven to be an effective way to care for the elderly.

By Patient Profile (Elderly Care, Rehabilitation, Physiotherapy, Wound Care and Others)

Corollary to the highest share of elderly population, elderly care services contribute the highest revenue. In most cases it is followed next by rehabilitation services. It was also witnessed that Dementia and Alzheimer’s care services are also on the rise in few countries.

Key Segments Covered:-

Global Home Healthcare Market

By Region

America

Europe

Asia Pacific

Middle East and Africa

By Countries

USA

Canada

Germany

UK

Australia

Japan

India

South Africa

UAE

Snapshot on China Home Healthcare Market

By Age Group

Mother and Infant

Below 25

25-40

40-65

65 Above

By Patient Profile

Elderly Care

Rehabilitation

Physiotherapy

Wound Care

Others (COPD, Lab Tests, Injections, Dementia Care etc.)

By Service Stream

Staff & Support Service (Nurses, Doctors, Assistants and Support Software)

Rental Service (Equipment/Lab/Pharma)

Key Target Audience:-

Home Healthcare Agencies

Healthcare Device Manufacturing Companies

Healthcare Software Companies

Home Care Companies

Nursing/Elderly Care Companies

Government Health Departments/Ministry of Health

Nursing Associations

Home Care Associations

Elderly Care Associations/Companies

Healthcare Consulting Companies

Home Healthcare NGOs and Non-Profit Organizations

Time Period Captured in the Report

Historical Period: 2014-2019

Forecast Period: 2020F-2025F

Companies Covered:-

Healthcare at Home

Kindred Healthcare

Home Instead Senior Care

LHC Group

Bayada

Amedisys

Almost Family

Encompass Health Corporation

Addus Homecare

Right at Home

Portea Medical (Healthvista India Pvt. Ltd.)

For More Information, refer to below link:-

Global Home Healthcare Market

Related Reports:-

India Home Healthcare Market Outlook to 2023 - By Patient Profile (Elderly Care, Physiotherapy, Stroke rehabilitation, Wound Care and Others); By Organized (Subscription and Non Recurring Model) and Unorganized, By Major Cities

Europe POCT Devices Market Outlook to 2022 - by Geography (Western Europe & Eastern Europe), by Product (Blood Glucose POCT, Infectious POCT, Cardiac POCT, Rapid Coagulation POCT, Blood Gas & Electrolytes POCT, Hematology POCT, Pregnancy POCT, Urinalysis POCT, Cholesterol POCT, Fecal Occult POCT, Hb1Ac POCT & Drugs of Abuse POCT), by Customer Segments (Hospitals & Clinics, Diagnostics Labs & Primary Care Units and Homecare & Patients)

Asia Pacific Orthopedic Device Market Outlook To 2025 – By Country (China, Japan, India, Korea, RoAPAC), By Type Of Treatment (Joint, Spine, Trauma And Orthobiology And Sports Medicine); And By Type Of End User (Multispecialty And Orthopedic Specialty Hospitals)

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