MarkNtel Advisors recently published a detailed industry analysis of the Home Healthcare Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.

Insights and Analysis of the Home Healthcare Market (2024-2030)

The Global Home Healthcare Market size was valued at USD 390.24 billion in 2023 and is projected to reach USD 666.91 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 7.60% during the forecast period, i.e., 2024-30. 

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What is driving the Home Healthcare Market?

Lack of Healthcare Facilities & Medical Professionals – In many countries like India, China, GCC, Vietnam, the Philippines, Nigeria, and others, despite the significant proportion of the diseased population, there is a lack of healthcare facilities that could cater to the patients who tend to suffer from diseases like CVDs, cancer, sleep apnea, and others. As a result, the focus has been shifting towards home healthcare leading to enhanced adoption of products like blood glucose monitors, sleep apnea therapeutic devices, ventilators, and numerous others and a heightened need for services like respiratory therapy services, skilled nursing services, etc.

Moreover, in both developing and certain developed countries like the US & UK, not enough medical professionals in different specialties like orthopedics, cardiology, respiratory, radiology, and others are present. However, patient visitations have been increasing and eventually, the burden on the healthcare system has been greater than before. To cater to a large number of patients at once, healthcare providers have been releasing those who they thought received sufficient treatment, although these patients still need care & assistance. Due to this, patients as well as their family members have been choosing suitable home healthcare services that allow proper recovery. Hence, the market for Home Healthcare has been experiencing positive growth trends. For instance,

·        As per the US Department of Health & Human Services, the projected demand for healthcare workers is around 60,160 in the US. However, the expected supply would be around 53,860, highlighting a significant gap.

What segments define the Home Healthcare Market from 2024 to 2030? How do these segments contribute to market dynamics and growth?

By Product

(Therapeutic Products, (Dialysis Equipment, Inhalers, IV Equipment, Infusion Pumps, Sleep Apnea Therapeutic Devices, Ventilators, Nebulizers, Others (Wound Care Products, Oxygen Delivery Systems, etc.)), Monitoring Products, (Blood Glucose Monitors, Blood Pressure Monitors, Pulse Oximeters, Sleep Monitoring Devices, Electrocardiogram Monitor, Fetal Monitors, Others (Weight scale, Blood coagulation (PT/INR) meter, etc.)), Testing Kits, (Pregnancy Test Kits, Male & Female Stress Hormone Test Kits, Cholesterol Test Kits, Allergy Test Kits, HIV Test Kits , Colon Cancer Test Kits, Others (Drugs, Alcohol, Nicotine Test Kits, etc.)), Mobility Care/Assistive Products, (Wheelchairs, Walkers, Crutches, Canes, Hearing Aid, Others (Scooter, Orthotic devices, etc.)), IT & Software, Others (Feeding Equipment, Medication Administration Equipment, etc.))),

By Services

(Rehabilitation Therapy Services, Respiratory Therapy Services, Pregnancy Care Services, Skilled Nursing Services, Unskilled Care Services, Others (Infusion Therapy Services, Hospice & Palliative Care Services, etc.))

By Regions

North America, South America, Europe, The Middle East & Africa, Asia-Pacific

Explore the Complete Home Healthcare Market Analysis Report – https://www.marknteladvisors.com/research-library/global-home-healthcare-market.html

Who are the leading key players shaping the Home Healthcare Market landscape?

Fresenius SE & Co. KgaA, GE Healthcare, Linde plc, Amedisys, Care24, LHC Group, Inc., Vitalograph, advice Pflegedienst GmbH, RENAFAN GmbH, Addus HomeCare, Caremax Rehabilitation Equipment Co., Ltd., Alora Health, Portea Medical, BAYADA Home Health Care, Koninklijke Philips N.V., and Others

Questions Addressed in this Study

1.What factors are driving the Home Healthcare Market growth?

2.How is the Home Healthcare Market expected to grow over the next five years?

3.What are the key insights into the current trends in the Home Healthcare Market?

4.What is the current size of the Home Healthcare Market, and how is it projected to change in the future?

6.What is the future outlook for the Home Healthcare Market in terms of technological advancements and market expansion?

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Why MarkNtel Advisors?

MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

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