CHICAGO, December 2, 2021 / PRNewswire / – According to New Market Research Report “Home Care Market by Product (Dialysis Equipment, IV Equipment, Ventilators, Coagulation Monitors, Peak Flow Meters), Service (Infusion Therapy, Skilled Nursing, Palliative Care), Indication (Cancer, Wound Care, Diabetes) and Region – Global Forecast until 2026 “, published by MarketsandMarkets ™, the global market is expected to reach $ 298.2 billion by 2026 from $ 198.9 billion in 2021, at a CAGR of 8.4% over the forecast period.
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The rapid growth of the elderly population, the increasing incidence of chronic diseases, the growing need for cost-effective health care due to rising health care costs and technological advancements in home care devices are the main factors. growth in this market.
In 2020, the dialysis equipment segment accounted for the largest share of the home care therapeutic products market
On the basis of Therapeutics, the global home healthcare market is segmented into Oxygen Delivery Systems, Nebulizers, Ventilators, Therapeutic Sleep Apnea Devices, Wound Care Products, IV Equipment, Equipment. dialysis devices, insulin delivery devices and other products (ostomy devices and automated external defibrillators). Dialysis equipment accounted for the largest share of the home therapy products market in 2020. Advances in technology and the launch of new products that are safe and easy to use in home care settings, along with the growing awareness of home therapies are other major factors driving the growth of the home dialysis market
Diabetes Indications Segment Expected To Grow At Highest CAGR During Forecast Period
By indication type, the global homecare market is segmented into cancer, respiratory disease, mobility impairment, cardiovascular disease and hypertension, pregnancy, wound care, diabetes, hearing impairment, and other indications. The diabetes segment is expected to register the highest CAGR during the forecast period. The growing number of diabetic patients is the main driving force behind the growth of this market. Plus, monitoring blood sugar at home helps build an overall diabetes treatment plan and helps manage blood sugar, diet, and exercise medications.
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North America was the largest regional market for the home healthcare market in 2020
The home care market is segmented into four major regions: North America, Europe, Asia Pacific, and the rest of the world (RoW). North America was the largest regional market for home health care in 2020. The large share of North America in the global market is attributed to high healthcare expenditure, increasing prevalence of chronic diseases, high disposable income, increasing overall geriatric population, high disposable income and superior healthcare infrastructure. However, the Asia Pacific The market is expected to grow at the highest CAGR during the forecast period. Growth in the Asia Pacific The market is primarily driven by increasing aging population, increasing incidence of chronic diseases, increasing disposable income, technological advancements, government initiatives to promote home health care and l increased health care costs.
The global home healthcare market is highly fragmented. Major players in the global market include Fresenius SE & Co. KGaA (Germany), GE Healthcare (United States), Linde plc (Ireland), F. Hoffmann-La Roche SA (Switzerland), company A&D (Japan), BAYADA Home Health Care (US), Invacare Corporation (US), Abbott (US), Amedisys (US), ResMed (US), LHC Group, Inc. (US ), OMRON Corporation (Japan), Koninklijke Philips NV (Netherlands), Drive DeVilbiss Healthcare (US), Hamilton Medical (Switzerland), Sunrise Medical (Germany), Roma Medical (UK), Caremax Rehabilitation Equipment Co., Ltd (China), Vitalograph (UK), Advita Pflegedienst GmbH (Germany), RENAFAN GmbH (Germany), ADMR (France), Apex Medical Corporation (Taiwan), CONTEC MEDICAL SYSTEMS CO., LTD (China) and Löwenstein Medical Technology GmbH + Co. KG. (Germany).
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