Global Home Health and Hospice Care Market, By Service (Skilled Care, Unskilled Care), Equipment (Therapeutic, Diagnostic, Mobility Care), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights: Global Home Health and Hospice Care Market
Global home health and hospice care market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to account from USD 2,10,403.00 million in 2020 to USD 3,85,993.01 million by 2028 growing at a CAGR of 7.88% in the above-mentioned forecast period.
Home healthcare provides the healthcare services for any illness or sickness in homecare settings whereas the hospice provides comprehensive comfort care as well as support for the family. Home healthcare treats sickness, wounds or disease and improve health results of the patient whereas the hospice healthcare aims at the supervision, comfort and wellbeing of patients with a serious sickness who have a short lifespan.
The prevalence of aged population, prevalence of cancer cases and the rising gross nationwide earnings are primarily driving the growth of the home health and hospice care market. Moreover, the rising urbanization, the support of government and the awareness regarding benefits and advantages of home health and hospice care also are significant drivers of the market. On the other hand, the safety concerns for the patient and the shortage of home health nurses or workers might restrain the overall growth of the market. The increasing prevalence of telehealth programs is estimated to generate new opportunities within the forecast period. However, the dearth of dwelling well-being nurses or employees is projected to be major challenge for the market’s growth.
This home health and hospice care market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on Data Bridge Market Research home health and hospice care market contact us for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Home Health and Hospice Care Market Scope and Market Size
Home health and hospice care market is segmented on the basis of service and equipment. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of service, the home health and hospice care market is segmented into skilled care and unskilled care.
- Based on equipment, the home health and hospice care market is segmented into therapeutic, diagnostic and mobility care. Therapeutic is further been segmented into home respiratory equipment, insulin delivery devices, home IV pumps, home dialysis equipment and others. Diagnostic is further been segmented into diabetic care unit, BP monitors, multi para diagnostic monitors, home pregnancy and fertility kits, apnea and sleep monitors, holter monitors, heart rate meters and others.
Home Health and Hospice Care Market Country Level Analysis
Home health and hospice care market is analysed and market size insights and trends are provided by service and equipment as referenced above.
The countries covered in the home health and hospice care market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the home health and hospice care market due to the increasing overall geriatric population, high disposable income and superior healthcare infrastructure in the region. Asia-Pacific is expected to grow at the fastest rate in the forecast period of 2021 to 2028 due to the presence of high population base and growing awareness regarding the urinary self-catheter.
The country section of the home health and hospice care market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
Home health and hospice care market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment’s, installed base of different kind of products for home health and hospice care market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the home health and hospice care market. The data is available for historic period 2010 to 2019.
Competitive Landscape and Home Health and Hospice Care Market Share Analysis
Home health and hospice care market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to home health and hospice care market.
The major players covered in the home health and hospice care market report are Air Liquide, Amedisys, LHC Group Inc., GENERAL ELECTRIC COMPANY, Fresenius SE & Co. KGaA, Kindred Healthcare, LLC, Linde plc, F. Hoffmann-La Roche Ltd, A&D Company, Limited, Oklahoma Palliative & Hospice Care, National Hospice and Palliative Care Organization, Lumina Hospice & Palliative Care, NHHPCO, Dierksen Hospice, Covenant Care, BAYADA Home Health Care, Invacare Corporation, Abbott, OMRON Corporation among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
SKU-