Global Home Healthcare Market growth led by Rising Geriatric Population, Surge in Cost of Institutional Care and Increasing Demand for Home Healthcare Services in Developing Countries: Ken Research

“Countries around the world are facing an ageing crisis as the youngest baby boomers prepare to enter the geriatric cohort. The need for home healthcare has never been more pressing. It is estimated that the percentage of elderly population (aged 65 years and older) would be 10.2% of the total global population by 2022.”

Cost Effectiveness: Across the globe, hospitalization costs are surging and quality of nursing homes and residential care facilities is reported to be deteriorating. This has paved the way for quality in-home care. In countries, where it is adopted by the government, home-based healthcare proved to reduce emergency department visits, hospitalizations, and re-admissions. For instance, in US, Medicare saved USD 2,700 per beneficiary annually for homebound patients.

Rising Demand for Elderly Care: The global elderly population has increased by 10.0% in the last 5 years. Countries such as Japan and Germany face an “ageing crisis” with high demand for long term care but much lower supply of medical professionals to cater the demand, especially in the home healthcare segment, where the employee turnover ratios are higher than most professions.

Success of Franchise Model:  International companies such as Right at Home and Home Instead Senior Care follow a franchise business model and many of their franchises have received quality ratings from home healthcare regulatory bodies. Both these companies have recently entered China after the nation announced an invitation to foreign companies into its healthcare sector and laid emphasis on development of home-based care.

Increasing Burden on Hospital and Nursing Home Beds: 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 72.0% in emergency department visits.

The report titled “Global Home Healthcare Market Outlook to 2025– By Patient Profile (Elderly Care, Rehabilitation, Physiotherapy, Wound Care and Others), By Age Group in Years (Mother and Infant, Below 25, 25-40, 40-65 and 65 & Above) and By Region (USA, Germany, UK, Canada, Japan, Australia, China, India, South Africa, UAE and Others)”gives an in depth, comprehensive study on the global home healthcare market. The report covers various aspects including overview & genesis of the market, global home healthcare trends and challenges, market size by revenue along with segmentations for four regions (America, Europe, Asia-Pacific and Middle East and Africa. Country snapshots for 10 countries (USA, Canada, Germany, UK, Australia, Japan, China, India, South Africa and UAE) are also included. It is further expected that the market would grow by CAGR 5.4% between 2019 and 2025.

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:-

Global Home Healthcare Market

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