Home healthcare is an expanding practical choice being favored by patients inferable from increasing healthcare costs and the thriving geriatric populace. Home healthcare services provide one with different services including physical therapy, occupational therapy, speech therapy, and skilled nursing. The digitization of information has made it less complex for the patients to contact doctors and physicians and gain a precise diagnosis from their home. The global home healthcare market is expected to grow at a CAGR of 8.1% during the forecast period 2017 to 2023.
Various technical and scientific advances in healthcare and other diagnosis devices along with several other government initiatives are encouraging the home healthcare system to fuel the market demand in the upcoming years. This type of home healthcare system has made it very easier for the senior or aged and bedridden patients to get in touch with their physicians and recuperate normally.
The global home healthcare market is divided on the basis of its product, software, service, and regional demand. Based on its product, the market is segmented into the screening, therapeutic and testing, and monitoring products. On the basis of its software, the global market is bifurcated into agency software, telehealth solution, hospice solutions, and clinical management systems. Based on its services, the market is classified into unskilled care services, skilled nursing services, respiratory therapy services, infusion therapy services, rehabilitation therapy services, and pregnancy care services.
The global home healthcare market is divided into four major global regions including Europe, Asia Pacific (APAC), North America, and the Middle East and Africa (MEA).
The major players in the home healthcare market include brands like Koninklijke Philips N.V. (The Netherlands), A&D Company (Japan), F. Hoffmann-La Roche AG (Switzerland), Fresenius SE & Co KGaA (Germany), GE Healthcare (U.S.), Abbott (U.S.), McKesson Corporation (U.S.), Becton Dickinson Company (U.S.), B. Braun Melsungen AG (Germany), Omron Corporation (Japan), LG Electronics (South Korea), Medtronic PLC (U.S.), Kinnser Software (U.S.), 3M (U.S.), Apple (U.S.), and others.