Home Healthcare Market: Current Analysis and Forecast (2021-2027)

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Emphasis on Product (Diagnostic, Therapeutic, Mobility Care); Service (Skilled Nursing Services, Rehabilitation Services, Pregnancy Care Services, Others); Indication (Cardiovascular Disorders & Hypertension, Diabetes, Respiratory Diseases, Pregnancy, Mobility Disorders, Hearing Disorders, Wound Care, Others); Region/Country

Detailed Analysis of COVID-19 Impact on the Home Healthcare Market

Pages:

252

Table:

48

Figure:

135

Report ID:

UMHE21800

Geography:

Clear
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Report Description
Table of content
Research Methodology

Report Description

Home Healthcare Market 1
Home Healthcare Market 1

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Global Home Healthcare is Expected to Display an Elevated CAGR of ~10% over the forecast period (2021-2027)

The government efforts of several countries the establishment of telemedicine & telehealth defined reimbursement policies, and a legal framework for telehealth practices are intensifying the market growth. For example, in April 2019, the Centers for Medicare & Medicaid Services (CMS) announced and finalized changes in Medicare’s telehealth policy to enable remote patient monitoring for patients to access the latest technology and improve the coordination of healthcare processes.

The surging prevalence of disease coupled with the rising geriatric population is contributing to the growing market for home healthcare. In 2019, the world’s population of people aged 65 and up totaled 703 million. In 2050, the number of elderly people is expected to increase to 1.5 billion. The proportion of the world’s population aged 65 and up went from 6% in 1990 to 9% in 2019. By 2050, that percentage is expected to climb to 16%. Home healthcare is a cost-efficient alternative to an expensive hospital stay. increasing treatment cost is one of the prime concerns for governments and health organizations, and hence they are striving to curb healthcare costs. as per a report by The Commonwealth Fund, “hospital at home” programs enable patients to receive acute care at home with fewer complications and over 30% reduction in the cost of care.

Number of Adults (20–79 years) with Diabetes Worldwide, 2019, 2030 & 2045

Home Healthcare Market 2
Home Healthcare Market 2

McKesson Medical-Surgical Inc., Fresenius Medical Care, Medline Industries, Inc.,  Medtronic PLC, 3M Healthcare, Baxter International Inc., B. Braun Melsungen AG,  Arkray, Inc., F. Hoffmann-La Roche AG, Becton, etc., are some of the prominent players operating in the home healthcare market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with innovative products.

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Insights Presented in the Report

“Amongst product, therapeutic segment to grab considerable market share”

Based on the product, the market is fragmented in diagnostic, therapeutic, and mobility care. The diagnostics segment grabbed XX% market share in 2020.  Surging prevalence of diseases owing to the rising geriatric population, surging pollution levels, etc., Also, uplifting healthcare costs across countries are contributing to the growing market for diagnostics. Moreover, the therapeutics segment would witness a considerable CAGR during the forthcoming years

“Amongst service,  skilled nursing services segment dominated the market in 2020”

Based on the services, the market is fragmented into skilled nursing services, rehabilitation services, pregnancy care services, and others. The skilled nursing services segment grabbed XX% market share and dominated the market in 2020. The demand for skilled nursing staff is majorly emerging among elderly people. However, the lack of nursing staff is a major market growth hindered for this particular segment. As per the American healthcare Association, 94% of nursing home providers said they have had a shortage of staff members in the last month. In assisted living communities, 81% said they had similar staffing shortages.

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“Amongst indication, Diabetes to grab considerable market share”

Based on the indication, the market is fragmented into Cardiovascular Disorders & Hypertension, Diabetes, Respiratory Diseases, Pregnancy, Mobility Disorders, Hearing Disorders, Wound Care, and others. The diabetes segment grabbed the XX% market share in 2020. However, the cardiovascular disorder segment would witness a considerable CAGR in the forthcoming years

“North America represents one of the largest markets of Home Healthcare market”

For a better understanding of the market adoption of the home healthcare market, the market is analyzed based on its worldwide presence in the countries such as North America (the United States and Canada), Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. North America region grabbed XX% market for the home healthcare industry and generated revenue of USD XX Million in 2020. However, the Asia-Pacific region would witness the highest CAGR during the forthcoming years

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Reasons to buy this report:

  • The study includes market sizing and forecasting analysis validated by authenticated key industry experts
  • The report presents a quick review of overall industry performance at one glance
  • The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
  • Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
  • The study comprehensively covers the market across different segments
  • Deep dive regional level analysis of the industry


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1.1.Market Definitions
1.2.Limitation
1.3.Stake Holders
1.4.Currency used in Report
2.1.Research Process of Home Healthcare
2.2.Research Methodology of Home Healthcare
2.3.Forecasting Method
2.4.Respondent Profile
2.5.Main Objective of Home Healthcare Study
3MARKET SYNOPSIS

 

4EXECUTIVE SUMMARY

 

5GLOBAL HOME HEALTHCARE COVID-19 IMPACT
6GLOBAL HOME HEALTHCARE REVENUE, 2019-2027F
7.1.Diagnostics
7.2.Therapeutic
7.3.Mobility Care
8.1.Skilled Nursing Services
8.2.Rehabilitation Services
8.3.Pregnancy Care Services
8.4.Others
9.1.Cardiovascular Disorders & Hypertension
9.2.Diabetes
9.3.Respiratory Diseases
9.4.Pregnancy
9.5.Mobility Disorders
9.6.Hearing Disorders
9.7.Wound Care
9.8.Others 
10.1.North America Home Healthcare Market
 10.1.1.United States
 10.1.2.Canada
 10.1.3.Rest of North America
10.2.Europe Home Healthcare Market
 10.2.1.United Kingdom
 10.2.2.Germany
 10.2.3.France
 10.2.4.Italy
 10.2.5.Spain
 10.2.6.Rest of Europe
10.3.Asia Pacific Home Healthcare Market
 10.3.1.China
 10.3.2.Japan 
 10.3.3.India
 10.3.4.Australia
 10.3.5.Rest of Asia Pacific
10.4.Rest of World Home Healthcare Market
11.1.Market Drivers
11.2.Market Challenges
11.3.Impact Analysis
12HOME HEALTHCARE OPPORTUNITIES
13HOME HEALTHCARE TRENDS
14LEGAL & REGULATORY FRAMEWORK
15.1.Demand Side Analysis
15.2.Supply Side Analysis
 15.2.1.Top Product Launches
 15.2.2.Top Business Partnerships
 15.2.3.Top Business Expansions, Investments and Divestitures
 15.2.4.Top Merger and Acquisitions
16VALUE CHAIN ANALYSIS
17.1.Competitive Landscape
 17.1.1.Company Shares, By Revenue

18.1. McKesson Medical-Surgical Inc.
18.2. Fresenius Medical Care
18.3. Medline Industries, Inc.
18.4. Medtronic PLC
18.5. 3M Healthcare
18.6. Baxter International Inc.
18.7. B. Braun Melsungen AG
18.8. Arkray, Inc.
18.9. F. Hoffmann-La Roche AG
18.10. Becton

19DISCLAIMER

Research Methodology

Research Methodology for the Global Home Healthcare Market Analysis (2021-2027)

Analyzing the historical market, estimation of the current market, and forecasting the future market of the home healthcare market were the three major steps undertaken to create and analyze the demand for home healthcare across major regions. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the home healthcare market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/ bottom-up approach to forecast the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:

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Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

A detailed secondary study was conducted to obtain the historical market size of the home healthcare through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the home healthcare market, we conducted a detailed secondary analysis to gather historical market insights and share of products, services, and indications for major regions. Major segments included in the report are product and indication. Further region and country-level analyses were conducted to evaluate the overall adoption of home healthcare across the globe.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of home healthcare. Further, we conducted factor analysis using dependent and independent variables such as the growing prevalence of disease, surging aging population, etc., A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the home healthcare industry across the globe.

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Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the home healthcare market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

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Estimation & Forecasting: For market estimation and forecast, weightage was assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e. bottom-up/ top-down approach was applied to arrive at the market forecast about 2027 for different segments and subsegments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

  • The industry’s market size, in terms of value (US$) and the adoption rate of home healthcare across the major markets domestically
  • All percentage shares, splits, and breakdowns of market segments and sub-segments
  • Key players in the home healthcare market in terms of services offered. Also, the growth strategies adopted by these players to compete in the fast-growing market


Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Home Healthcare Market 3
Home Healthcare Market 3

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Market Engineering

The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the home healthcare market. Data was split into several segments sub-segments post studying various parameters and trends in the areas of product, service, and indication of the home healthcare market.

Main Objective of the Home Healthcare Market Study

The current & future market trends of home healthcare were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:

  • Analyze the current and forecast market size of home healthcare in terms of value (US$). Also, analyze the current and forecast market size of different segments and sub-segments
  • Segments in the study include areas of product, service, and indication
  • Define and analysis of the regulatory framework for the home healthcare industry
  • Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
  • Analyze the current and forecast market size of the home healthcare market for the major countries
  • The major region studied in the report includes North America, Europe, Asia- Pacific, and the Rest of the World.
  • Company profiles of the home healthcare market and the growth strategies adopted by the market players to sustain in the fast-growing market

Deep dive regional level analysis of the industry

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