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Exploring the Booming Global Home Healthcare Market with a CAGR of 8.46%, this $285.31 Bn industry is on the rise, projected to reach $503.73 Bn by 2030. North America leads the charge with a 42.6% market share, while the geriatric population drives innovation with a substantial share of 43.4%. Dive into our infographic to discover the driving forces reshaping healthcare delivery worldwide!
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GLOBAL HOME HEALTHCARE MARKET ANALYSIS Types of Home Healthcare Services Market Segmentation Market Dynamics Non-medical service provides helpwith daily living activities like housekeeping, meal preparation, transportation, and companionship Ensuring individuals can remain safely and comfortably at home Provided byregistered nurses or licensed practical nurses Offers assistance with daily living activities(bathing, dressing, medication management) and wound care,while monitoring vital signs and overall health Pediatric 0.2% Reimbursement for home healthcare services can be complex and vary depending on the payer and the service provided Aging population creates booming demand for home healthcare services Long Term Care Others 54.6% Short Term Care By Duration of Care Geriatric 43.4% Personal Care Assistance Skilled Nursing Care Increasing prevalence of chronic conditions ramped up home healthcare market Lack of qualified nurses is a major hurdle forthe growth of the home healthcare market globally RESTRAINTS DRIVERS Geriatric In-home palliative care offers comfort and symptom management for individualswith serious illnesses, aiming to enhance quality of life throughout Disabled Home Healthcare By Patient Type Pediatric Others Disabled 1.8% Advancements in technology,such as telehealth and remote patient monitoring, are making itpossible to deliver more sophisticated care in Home therapyservicesprovide specialized treatments like physical, occupational, orspeech therapy, tailored to improve mobility and quality of life Especially forpatientsrecovering from injury,surgery, or chronic conditions, all within the comfort of their home Not all patients are comfortable receiving care in their homes. Some may preferthe more controlled environment of a hospital setting Palliative & Hospice Care Therapy Service Geriatric population is a major contributorto Global Home Healthcare Market, holding a significant43.4% marketshare in 2023 Skilled Nursing Care the illness Hospice care, intended forthe final stages of life with typically less than six monthsto live,prioritizes comfort and peace, delivered by a professional team in the patient's home Skilled Nursing Care By Service Type Personal Care Assistance Therapy Service Others the home Regional Analysis Competitive Landscape Global Home Healthcare Market Size, 2023-2030($ Bn) Top Home Healthcare Service Providers Globally Top Home Healthcare Medical Device Providers Globally 503.73 CAGR:8.46% 364.02 464.44 428.21 394.81 North America accounted forthe largest marketshare of 42.6% in 2023 335.62 309.44 285.31 Regional Analysis In June 2023, Amedisys agreed to combine with Optum, a companyspecializing in providing diversified health services. Amedisys providespersonalized home health and hospice care services and performs over11.2 Mn visits to patient homes annually In March 2023, Koninklijke Philips N.V. launched the Philips Virtual Care Managementsolutions and servicesportfolio, which has been designed to improve patient engagement and health outcomesthrough a more comprehensive telehealth approach APAC has been estimated to be the fastest-growing segment. Factorssuch asunderdeveloped healthcare infrastructure, expensive in-hospital healthcare facilities, and chronic diseasesthatrequire long-term care are resulting in an increase in home healthcare products and services 2023 2024F 2025F 2026F 2027F 2028F 2029F 2030F
