Home healthcare offers professional support services to an individual for them to live safely in their home. Professional caregivers include nurses and therapists that can provide short-term or long-term care at home according to the parson’s requirement.
According to MarkNtel Advisors’ research report, “Global Home Healthcare Market Analysis, 2021,” the market is likely to grow at a CAGR of around 9.5% during 2021-26 due to the rising aging population, surging prevalence of chronic diseases, such as diabetes, ostomy, ulcers, etc. Further, a gradual shift in delivering traditional healthcare services to homecare is another factor driving the market. Additionally, integration of medical devices and software, increase in the use of IoT in the medical field, and mounting adoption of remote monitoring solution presents lucrative opportunities to fuel the overall growth of the Home Healthcare Market across the globe.
|Study Period||Historical Data: 2016-19|
|Base Year: 2020|
|Forecast Period: 2021-26|
|Regions Covered||North America: USA, Canada, Mexico|
|Europe: Germany, UK, France, Italy, Spain, Russia, The Netherlands|
|Asia-Pacific: China, India, Japan, South Korea, Australia and Others|
|South America: Brazil, and Argentina|
|Middle East & Africa: UAE, Saudi Arabia, South Africa|
|Key Companies Profiled||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, RENAFAN GmbH|
|Unit Denominations||USD Million/Billion|
Impact of COVID-19
The outbreak of the COVID-19 pandemic has positively impacted the growth of the Global Home Healthcare Market due to the surging demand for home healthcare monitoring devices like pulse oximeters, temperature monitors, blood pressure monitors, and blood glucose monitors. Further, increasing demand for home healthcare providers for the treatment of vulnerable and elderly populations fuels the growth of the Global Home Healthcare Market.