Home Healthcare Market Value Predicted To Reach US$ 275.2 Bn By 2027 Covering COVID-19 Impact: nova one advisor

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Latest Study on “Home Healthcare Market Size, Share, Trends, Growth, Production, Consumption, Revenue, Company Analysis and Forecast 2021-2027”.
The global Home Healthcare market size is expected to be worth around US$ 275.2 Billion by 2027, according to a new report by nova one advisor.
The global Home Healthcare market size was valued at US$  181.0 Billion in 2020 and is anticipated to grow at a CAGR of 8.0% during forecast period 2021 to 2027.

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Growth Factors:

Population aging around the world and increased patient preference for value-based healthcare are anticipated to fuel market growth. The aging population demands more patient-centric healthcare services, which in return increases the demand for healthcare workers and agencies and is anticipated to drive market growth.

The Bureau of Labor Statistics states that a growing workforce pertaining to healthcare service translates to the increasing demand for home health and personal healthcare aides and is expected to outpace the healthcare sector’s growth, with more than 4 million jobs only in the home healthcare sector.

Value-based healthcare is another major factor contributing to the market. In most of the developed and developing nations, the central government is offering either partial or complete coverage for the in-home services. In the U.S., Medicare reimbursements are highly favorable in providing value-based healthcare for improved patient outcomes at a low cost. Thus, in-home care has become a modality of choice for treatment.

In the U.S., Medicare is the largest single payer of home healthcare services. Medicare spending accounts for more than 40% of home health expenditures. Medicaid payments are divided into three main categories: the traditional home health benefit (mandatory), the personal healthcare option, and home and community-based waivers as an optional program. Collectively, these three home healthcare service categories hold a small share of total Medicaid payments.

Despite unprecedented implications of the COVID-19 outbreak, the market will gain impetus amidst soaring investment towards sophistication of the healthcare sector. The market survey offers compelling insights into key factors enabling growth through the assessment period. It underscores hidden opportunities across diverse segments. Besides uncovering hidden opportunities, the report presents exclusive insights into challenges posing threat to growth. Alongside this, it offers recommendations to navigate through unforeseen hindrances in the future, while keeping the business afloat.

Scope of the Study

This Home Healthcare market report studies market dynamics, status and outlook especially in North America, Europe and Asia-Pacific, Latin America, Middle East and Africa. This research report offers scenario and forecast (revenue/volume), and categorizes market by players, Product, service, indication, and region. This report also studies global market prominence, competitive landscape, market share, growth rate market dynamics such as drivers, restraints and opportunities, and distributors and sales channel.

This research study also integrates Industry Chain analysis and Porter’s Five Forces Analysis. Further, this report offers competitive scenario which comprises collaborations, market concentration rate and expansions, mergers & acquisitions undertaken by companies.

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Companies and Manufacturers Covered

The study covers key players operating in the market along with prime schemes and strategies implemented by each player to hold high positions in the industry. Such a tough vendor landscape provides a competitive outlook of the industry, consequently existing as a key insight. These insights were thoroughly analyzed and prime business strategies and products that offer high revenue generation capacities were indentified. Key players of the global Home Healthcare market are included as given below:

Some of the prominent players in the Home Healthcare Market include:  Fresenius SE & Co. KGaA, GE Healthcare , Linde plc , F. Hoffmann-La Roche Ltd , A&D Company , BAYADA Home Health Care, Invacare Corporation , Abbott , Amedisys , Kindred at Home , LHC Group, Inc., OMRON Corporation , Koninklijke Philips N.V., Drive DeVilbiss Healthcare, Hamilton Medical, Sunrise Medical, Roma Medical, Caremax Rehabilitation Equipment Co., Ltd.

Unravelling the Critical Segments

This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects including product type, application/end-user, and region. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for period 2017 to 2027 and covers subsequent region in its scope:

By Product

  • Testing, Screening, & Monitoring Products
    • Blood Glucose Monitors
    • Blood Pressure Monitors
    • Pulse Oximeters
    • Peak Flow Meters
    • Heart Rate Monitors
    • Fetal Monitoring Devices
    • HIV Test Kits
    • Home Sleep Testing Devices
    • Coagulation Monitoring Products
    • Ovulation and Pregnancy Test Kits
    • Holter and Event Monitors
    • Cholesterol Monitoring Devices
    • Colon Cancer Test Kits
    • Home Hemoglobin A1c Test Kits
    • Drug and Alcohol Test Kits
    • ECG/EKG Devices
    • EEG Devices
    • Temperature Monitors
    • Hearing Aids
    • Activity Monitors & Wristbands
  • Therapeutic Products
    • Oxygen Delivery Systems
    • Nebulizers
    • Ventilators
    • Sleep Apnea Therapeutic Devices
    • Wound Care Products
    • IV Equipment
    • Dialysis Equipment
    • Insulin Delivery Devices
    • Inhalers
    • Other Therapeutic Products (ostomy devices, automated external defibrillators (AEDs))
  • Mobility Care Products
    • Wheelchairs
    • Walkers & Rollators
    • Mobility Scooters
    • Canes
    • Crutches

By Service

  • Skilled Nursing Services
  • Rehabilitation Therapy Services
  • Hospice and Palliative Care Services
  • Unskilled Care Services
  • Respiratory Therapy Services
  • Infusion Therapy Services
  • Pregnancy Care Services

By Indication

  • Cardiovascular Disorders & Hypertension
  • Diabetes
  • Respiratory Diseases
  • Pregnancy
  • Mobility Disorders
  • Hearing Disorders
  • Cancer
  • Wound Care
  • Other Indications (sleep disorders, kidney disorders, neurovascular diseases, and HIV)

The regional segmentation covers:

-North America Region (U.S., Canada, Mexico)

-Europe Region (Germany, UK, France, Russia, Italy, Rest of Europe)

-Asia-Pacific Region (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)

-South America Region (Brazil, Argentina, Columbia, Rest of South America)

-The Middle East & Africa Region (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

Final Report will add the analysis of the impact of COVID-19 on this industry.

Important years considered for this report:

Historical Years: 2017-2019

Base Year: 2020

Forecast Period: 2021-2027

Key Points Covered in Home Healthcare Market Survey

  • Demand will remain high in the U.S., backed by favourable reimbursement policies and presence of some of the leading market players.
  • Europe will continue showcasing high demand. Sales will remain high, especially in the U.K., Germany, France, and other countries.
  • China and India will exhibit high demand for Home Healthcare, backed by expanding healthcare sector.
  • Focus on research and development will increase in Brazil, creating opportunities for the expansion of the Home Healthcare market.
  • Hospitals are expected to showcase higher demand for Home Healthcare on account of greater access to advanced technologies and higher footfall of patients.
  • Driven by the presence of some of the leading pharmaceutical producers, demand in the Japan Home Healthcare market will continue increasing at a high pace.

Some of the key highlights covered in the report include:

  • Home Healthcare Market Demand-Supply Analysis -The report covers detailed insights into demand and supply forces prevailing in the global Home Healthcare market. It examines trends and factors influencing demand for Home Healthcare globally and gauges the impact of the same on the production.
  • Home Healthcare Pricing Analysis – The report presents exclusive pricing analysis. It compares pricing strategies adopted by the leading market players and identifies the most remunerative strategies.
  • Market Segmentation – The report segments the global market in terms of diverse criteria. It identifies the leading segment within each category and identifies growth drivers and restraints affecting growth across each segment.
  • Regional Analysis – The report segments the market in terms of North America, Europe, Latin America, Asia Pacific, and Rest of the World in terms of region. It has chapters exclusively dedicated to analyzing growth trends across each region. It identifies growth drivers as well challenges affecting demand for Home Healthcare across the world.
  • Competitive Analysis – Some of the leading market players are profiled in the report on Home Healthcare. The report offers estimation of share individually helps by the market players and determines the impact of some of their popular strategies.
  • COVID-19 Impact Analysis – This chapter is exclusively dedicated to gauging how the market has evolved or will develop in the post-pandemic era.
  • Growth Recommendations – In the end, the report presents valuable recommendations to ready businesses for unforeseen challenges in the near future.

Browse Complete Table of Content @ https://www.novaoneadvisor.com/toc/home-healthcare-market

Why should you invest in this report?

If you are aiming to enter the global Home Healthcare market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for Home Healthcare are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2027 so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

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