COVID-19 Impact Analysis on Global Home Healthcare Market

COVID-19 Impact Analysis on Global Home Healthcare Market

  • Healthcare
  • Sep 28, 2020

COVID-19 Impact Analysis on Global Home Healthcare Market

OVERVIEW

The pandemic of COVID-19 outbreak was started in December 2019 from the Wuhan, China, which had impacted around 110 countries or more than that across the world. COVID-19 pandemic had an impact on each and every industry across the world.

Due to the continuous impact of COVID-19 pandemic and increasing COVID-19 positive cases, the lockdown has been imposed in most of the countries for restricting the spread of the virus which has impacted different industries. 

The global pandemic of coronavirus has highlighted the complex interdependencies which exist within the global healthcare sector. The coronavirus disease (COVID-19) pandemic outbreak has created extreme uncertainty in the market growth globally. The pandemic outbreak has affected and changed the complete dynamics of each industry.

Coronavirus (COVID-19) is a newly discovered infectious disease which is caused by the SARS-CoV-2 virus, which manifests itself particularly as a chronic respiratory disease with pneumonia, but can affect many organs such as the kidneys, the heart, digestive tract, blood and nervous system.

Home healthcare is a wide range of healthcare facility which is provided to the patients in their home itself. Home healthcare is also known as in-home care, domiciliary care as well as social care. Home healthcare is useful for the patients by receiving treatment or diagnosis services of their disease at the home by the skilled professionals.

In home healthcare, patients received wide range of health care facility such as speech therapy, physical therapy, skilled nursing care and occupational therapy by the skilled medical professionals. These facilities are usually more convenient and provided at door steps.

In COVID-19 pandemic home healthcare industry has booming its relevance across the world, as the home healthcare industry are engaged in providing treatment to those COVID-19 positive patients having mild symptoms of the disease, those type of patients are quarantine at their home itself and receive treatment with professional support. This COVID-19 pandemic has changed the way of home healthcare industry works and the standard operating procedures along with the services offered by it.

COVID-19 pandemic has expanded the growth of home healthcare market for providing both at-home healthcare and remote healthcare, apart from reaching out to corporates. In the pandemic situation has shown the importance of home healthcare in the healthcare delivery ecosystem. Several COVID-19 positive patients has mild symptoms, according to the statistics 80% of COVID-19 cases has mild symptoms, those patients are actually recovered at their home under the constant medical supervision and nursing care.

In the COVID-19 situation, home healthcare has a critical role to play in out-of-hospital care delivery. Patients with mild symptoms can receive treatment effectively at home with supervision of specialized physiotherapy as well as nursing at a best lower cost as compared to hospitalization.

With increasing number of COVID-19 cases across the world and the issue of limited resources of healthcare infrastructure is boosting the demand of home healthcare because home healthcare help to address a portion of COVID-19 positive patients with present healthcare requirement.

Home healthcare is engaged in facilitation as well as delivery of various types of health as well as health-related services which include health information services provider, medical care, and increasing patient awareness regarding their disease. In this COVID-19 pandemic, home healthcare offers immediate assistance to qualifying health care providers responding to COVID-19 patients.

The COVID-19 patients can receive wide range of limitless home health care services at their home. Depending on the situation of individual patient's, the care can range from nursing care to specialized medical services.

Home healthcare include both detailed and practical insights, healthcare professional are engaged in providing home healthcare services to COVID-19 positive patients include quarantined or self-isolated patients at remote locations, patients with mild cases (online monitoring and treatment), post-discharge patients (for follow-up) facilities.         

Across the world, many COVID-19 positive patients suffering with the mild symptoms are actually recovered safely at their home itself under the guidance of medical supervision and nursing care.

Around the world, the home healthcare sector is becoming a new front line to fight against the COVID-19 pandemic. In the U.S., the care of COVID-19 positive patients at home has expanded rapidly in the last few weeks due to the rapid impact of increasing cases of COVID-19 cases in the U.S. and the shortage of hospital infrastructure.

IMPACT ON DEMAND

The spread of COVID-19 virus across the world is propelling the demand of the home healthcare market. Due to the shortages of hospital infrastructure and continuously increasing the numbers of COVID-19 positive patients, the government has decided that the patients having mild symptoms of coronavirus can easily be recovered in their home itself under the supervision of healthcare specialist, those type of patients are quarantined in their home and in-house healthcare specialist providing all type of essential treatment to the patients in their home itself for quick recovery.

Home healthcare solutions such as telemedicine as well as telehealth are the key roll terms during the scenario of the current pandemic situation as their demand sees a drastic increase. The home healthcare services have rapidly gained traction with the increasing of technology and innovation in the services of homecare healthcare services during the pandemic.

The outbreak of COVID-19 has the positive impact on the home healthcare market, as healthcare facility is the best solution to meet the demands of medical treatment in the home itself at the same time the home healthcare minimize the COVID-19 pandemic by limiting the spread of the virus.

Throughout this COVID-19 pandemic, one of the key reasons for boosting home healthcare demands is to include the possibility of increasing specialist healthcare physician availability and helping to address regional constraints, thus optimizing the efficacy of healthcare systems by leveraging the virtual care capacity of quarantined physicians.

Home healthcare brings affordable and comprehensive care to the COVID-19 positive patients in terms of providing care to the patients regarding to overcome the symptoms of coronavirus. In the U.S., around 3.3 million home healthcare professionals are engaged as front-line heroes in the COVID-19

CONCLUSION

The spread of COVID-19 pandemic is significantly propelling the demand for the home healthcare for providing healthcare services to the COVID-19 positive patients. In the COVID-19 situation, home healthcare has played a critical role to support the outbreak of the COVID-19 pandemic. The outbreak of COVID-19 has a severe impact on the home healthcare market, as per the current pandemic scenario, it is expected that the demand for home healthcare solutions will increase in the worldwide market.

COVID-19 TRACKER

Coronavirus disease (COVID-19) outbreak situation (Dashboard)

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Confirmed Cases

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Confirmed Deaths

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Countries, areas or territories with cases

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