Promo Home Healthcare Market

Home Healthcare Market estimated to grow at a CAGR of 9.5% over the foreseen period
Home Healthcare Market Overview:
Home healthcare generally relates to the caregivers who look after patient’s or elderly people’s daily
activities and assist them at their own place to recover from the illness sooner. These tasks are to be
handled by the professionals who are licensed from the higher authorities. It is expected to reach USD
465.64 billion by 2024, growing at a CAGR of 9.5% during the forecast period 2018-2024.
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Home Healthcare Market Growth Drivers and Restraints:
Increasing number of surgeries for various diseases and requirement to have support from the other
person for the patient after surgery is a major factor for the market growth. Rise in the demand for cost
effective treatment procedures at home is accelerating the demand of the market.
However, lack of licensed caretakers due to less training centers is diminishing the demand of the home
healthcare market. Rapid changes in the economic strategies is restricting the growth of the market.
Growing demand for the point of care testing and people interest to have personalized diagnosis rather
than going to hospital are considered to be as growth opportunities for the market. Rise in the geriatric
population is fueling the demand of the market to the extent.
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Home Healthcare Market Geographical Analysis:
Regionally, the global home healthcare market is segmented into Asia Pacific, North America, Europe,
and Middle East and Africa. North America witnessed highest shares of the market by owing to
acceptance of latest technological developments. Also, increasing awareness over the benefits of
healthcare services at home is lavishing the demand of the market. Asia Pacific is positioned second in
leading dominant shares of the market with the rise in the elderly population. Government initiatives
steps over these programs is likely to bolster the demand of the market. In addition to this rising
cardiovascular diseases and respiratory problems is leveraging the growth of the market in this region.
Europe is witnessed fastest growth rate over past decade and is expected to hit highest CAGR in coming
years by increasing revenue of some countries. Also, launch of various innovative testing devices, which
can be used at home simply by following instructions is broadening the demand of the market. The
Middle East and Africa is anticipated to have significant growth rate in near future.
KeyPlayers of the Home Healthcare Market:
Almost Family, Inc.,National HealthCare Corporation,Acelity L.P., Inc.,Koninklijke Philips N.V.,Omron
Healthcare, Inc.,Odyssey Healthcare, Inc.,Cardinal Health Inc., 3M Healthcare, F. Hoffmann-La Roche AG
and Sunrise Medica are some of the key players in the home healthcare market.
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The Scope of the report:
This report offers the current product and services market evaluation and the future estimation of the
market. It helps us understand the market better through size anticipation and CAGR calculation to
estimate the next market. It has a broader segmentation for better understanding of the enterprising of
the market at a low level by segregating the market into smaller sectors.
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It is expected to reach USD 465.64 billion by 2024, growing at a CAGR of 9.5% during the forecast period 2018-2024