Showing posts with label Global Home Healthcare Market Revenue Forecasting. Show all posts
Showing posts with label Global Home Healthcare Market Revenue Forecasting. Show all posts

Monday, March 30, 2020

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


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:-

Related Reports:-



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Ken Research
Ankur Gupta, Head Marketing & Communications
+91-9015378249