North America Home Healthcare Market By Type (Devices, Services, Software), Disease (Heart Diseases, Hypertension, Bone and Joint Diseases, Diabetes, Chronic Obstructive Pulmonary Diseases, Obesity, Dementia/Alzheimer's Diseases, Infective Diseases (HIV/AIDS), Parkinson’s Diseases, Smoking, Asthma, Depression), Distribution Channel (Direct Tenders, Retail Sales), Country (U.S., Canada, Mexico) Market Trends and Forecast to 2027
Market Analysis and Insights: North America Home Healthcare Market
Home healthcare market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses that the market is growing with a CAGR of 8.7% in the forecast period of 2020 to 2027and expected to reach USD 246,323.72 million by 2027 from USD 127,901.24 million in 2019. Rising technological advancement and high insurance coverage are the factors for the market growth.
Home healthcare includes skilled medical professionals, including physical therapy, occupational therapy, speech therapy and many other facilities. Increasing prevalence of diseases such as cardiovascular, metabolic, Parkinson's diseases, infectious diseases (HIV/AIDS) and others have lead the demand for the home healthcare. Hospitalization for long term is not carried out in hospitals which have leaded the introduction of home healthcare. Home healthcare provides better treatment facilities which skilled professionals for patients suffering from diseases. For instance, according to American Heart Association, Inc., it has estimated that cardiovascular diseases (CVD) and stroke has accounted approximately 14.0% of total health expenditures in 2014-2015 in the U.S.
This Home Healthcare Market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographical expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
North America Home Healthcare Market Scope and Market Size
Home healthcare market is categorized into three notable segments which are based on the basis of type, disease and distribution channel.
- On the basis of type, the market is segmented into devices, software and services. In 2020, the devices segment is dominating as well as growing in the market as devices helps the patients to get better treatment at home as well as in hospitals and revenue generation from the devices segment is high. Due to its need for the treatment of diseases its demand is high in home healthcare market. .
- On the basis of disease, the market is segmented into chronic obstructive pulmonary disease, diabetes, hypertension, smoking, asthma, depression, heart diseases, dementia / Alzheimer's diseases, obesity, Parkinson's diseases, infectious diseases (HIV/AIDS), bone & joint diseases and others. In 2020, the heart diseases segment is dominating the market as the patients do not get long term hospitalization suffering from heart disease for which home healthcare services providers provide beneficiary services among these patients and it ultimately increases the market value.
- On the basis of distribution channel, the market is segmented into retail sales and direct tenders. In 2020, the direct tenders segment is dominating the market as major services providers have direct contact with manufacturers in order to provide better homecare facility among patients at their doorsteps and hence direct tender may grow in future as well.
Home Healthcare Market Country Level Analysis
North America home healthcare market is analysed and market size information is provided by country, type, disease and distribution channel.
The countries covered in the home healthcare market report are U.S., Canada and Mexico in North America.
The country section of the 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 new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Huge Investment by Manufacturers for Home Healthcare and New Technology Penetration
Home healthcare market also provides you with detailed market analysis for every country growth in medical device industry with home healthcare sales, impact of technological development in healthcare sector and changes in regulatory scenarios with their support for the home healthcare market
Competitive Landscape and Home healthcare Market Share Analysis
Home healthcare 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, North America presence, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to home healthcare market.
The major players covered in the report are Koninklijke Philips N.V., B. Braun Melsungen AG, OMRON Healthcare, Inc, Air Liquide, Amedisys, Apple Home Healthcare, Arcadia, Davita Inc, Diaverum, Home Health Care, Inc, Home Healthcare Solutions Company, LLC, Kindred Healthcare, LLC, LHC Group, Inc., National HealthCare Corporation and, BPL Medical Technologies, CARDINAL HEALTH and Sunrise Medical (US) LLC among other players domestic and North America. Home healthcare market share data is available for North America, Europe, Asia-Pacific, Middle East and Africa and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Many joint ventures and developments are also initiated by the companies worldwide which are also accelerating the North America home healthcare market.
- In August 2017, Amedisys has entered in acquisition with Intercity Home Care, U.S. based company. This agreement helped the company to enhance their business in healthcare sector.
Partnership, joint ventures and other strategies enhances the company market share with increased coverage and presence. It also provides the benefit for organisation to improve their offering for home healthcare through expanded model range.
Customization Available : North America Home Healthcare Market
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.