Home Healthcare Market was valued at USD 240.25 billion in 2019 which is expected to reach USD 365.41 billion by 2027 at a CAGR 7.3%.
Home care is the supportive care like custodial care, domiciliary care, or non-medical care which provided at home by registered nurses (RNs), occupation therapist, physical therapist, and licensed practical nurses. Home healthcare is classified into various types such as Hospice, and Social Care.
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Increase in minimally invasive diagnostics and therapeutic interventional procedures and rise in prevalence of chronic diseases such as infectious diseases, cardiovascular diseases, metabolic, and Parkinson’s Diseases are the driving factors which are expected to boost the global home healthcare market growth. Home healthcare is useful in treatment and diagnosis of various diseases at home. It offers various healthcare services which are convenient services. Furthermore, increase in government initiatives and technological advancement will have the positive impact on global home healthcare market growth. Moreover, increase in geriatric population is expected to propel the global home healthcare market growth.
The market overview section encompasses all aspects of the Home Healthcare Market, promoting or restraining its expansion. Boosters and constraints of the Home Healthcare Market have been studied meticulously. Strategic research methodologies were adopted for maintaining accuracy in results, obtained from primary and secondary research. Our skilled analysts scientifically investigated the compound annual growth rate (CAGR) and the approximate revenue the Home Healthcare Market can generate over the assessment period. A bottom-up approach has been maintained throughout the research. The distinctive nature of the report on the Home Healthcare Market is evident from the segmental study section. The Home Healthcare Market has been explored in segments. type, Components, and distribution channel are some of the areas where the market has been studied.
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However, patient safety concerns, change in reimbursement policies, and limited insurance coverage are the restraining factors which are expected to hamper the global home healthcare market growth.
Market Key Players
Various key players are discussed in this report Amedisys, Abbott Laboratories, Almost Family, Bayada Home Health Care, A&D Company, Roche, Mckesson, Linde Group, GE Healthcare, and Fresenius.
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