According to the MarkNtel Advisors’ research report, “Global Home Healthcare Market Analysis, 2021,” the market is likely to grow at a CAGR of 9.5% during 2021-26 due to the snowballing awareness regarding several health parameters to lead a healthy lifestyle. Additionally, increasing concern for chronic disorders fuels the demand for Home Healthcare solutions and services.
Further, the rising percentage of the aging population also promotes the growth Home Healthcare market across the globe. Mounting technological advancements and integrating these technologies with medical devices to provide easy access to home healthcare services is another critical factor likely to create a profitable opportunity for the Global Home Healthcare Market.
Key questions answered in the study
Diagnostic Devices Exhibits Fastest Growth
Based on the Product, the market bifurcates into Testing, Screening, & Monitoring Products, Health Maintenance and Promotion Devices, Diagnostic Devices, IT & Software, and Services. Among these segments, Diagnostic Devices are likely to grow at a significant rate over the forecast period. The segment growth owes to the mounting prevalence of diabetes and cardiovascular that requires continuous monitoring.
Additionally, surging consumer awareness regarding remote monitoring and screening process coupled with technological advancements also propels the market growth. Further, the rising market penetration of smartphones and wearable devices presents a lucrative opportunity to the market players for providing sensitive, low-cost, and connected diagnostic devices.
“Global Home Healthcare Market Analysis, 2021” provides comprehensive, qualitative, and quantitative insights on the market potential, key factors impacting the market growth, hotspots, and opportunities available for Home Healthcare providers across the globe. Moreover, the report also encompasses the key strategic imperatives for competitors' success and strategic factorial indexing to measure their capabilities on 16 parameters, which will help companies formulate 'Go to Market' strategies and identify the blue ocean for their offerings.
Asia-Pacific to Grow at a Sturdy Rate
The Asia-Pacific region is likely to register the fastest growth in the Global Home Healthcare market during 2021-26 due to the emerging economy, rising aging population, and mounting prevalence of chronic diseases in the region. In addition to this, the availability of skilled laborers at reasonable prices is another prime factor backing the growth of the Home Healthcare market in the Asia Pacific region. Therefore, based on these aspects, the Asia-Pacific region is likely to contribute to the overall market growth in the forecast period, reveals MarkNtel Advisors in their research report, “Global Home Healthcare Market Analysis, 2021.”
According to MarkNtel Advisors, the major leading players in the Global Home Healthcare Market are Fresenius SE & Co. KGaA, GE Healthcare, Linde plc, F. Hoffmann-La Roche Ltd, Amedisys, Kindred at Home, LHC Group, Inc., Asensus Surgical, Inc., Caremax Rehabilitation Equipment Co., Ltd, Vitalograph, advita Pflegedienst GmbH, and RENAFAN GmbH.