Authored By: Sarah
28 Dec 2020

Technavio has been monitoring the home healthcare market and it is expected to grow by USD 164.68 bn, accelerating at a CAGR of almost 9% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking View Free Sample Report

Home Healthcare Market: Key Trends to impact market growth

The growing demand to prevent infections and ensure patient safety is one of the key home healthcare market market trends. This research report provides a detailed impact analysis of all the trends that are likely to influence the growth of the market in focus.

Home Healthcare Market: Top Drivers to Boost Demand

The technological advances in-home healthcare is one of the primary factors driving the growth of the home healthcare market. The report provides a detailed study of all the factors that are likely to boost the market. This analysis will enable clients to leverage growth opportunities to their advantage and set their business

Global Home Healthcare Market

Vendor Analysis: A&D Co. Ltd., Abbott Laboratories and B. Braun Melsungen AG are key growth contributors

The market is fragmented. The research report provides insights into the top market player and their product portfolio along with a pipeline analysis of upcoming developments and growth opportunities. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. A&D Co. Ltd., Abbott Laboratories, B. Braun Melsungen AG, Exergen Corp., F. Hoffmann-La Roche Ltd., Fresenius Medical Care AG & Co. KGaA, Johnson & Johnson, Koninklijke Philips NV, Linde plc, and Omron Healthcare Inc. are some of the major market participants.

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Home Healthcare Market: Key Highlights of the Report for 2020-2024

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive home healthcare market growth during the next five years
  • Precise estimation of the home healthcare market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the home healthcare market industry across North America, Europe, Asia, and ROW
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of home healthcare market vendors

Home Healthcare Market 2020-2024 | North America to dominate the market with 33% market growth

Technavio has been monitoring the global Home Healthcare Market and it is expected to grow by USD 164.68 billion accelerating at a CAGR of over 9% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking. Download latest version with COVID-19 analysis Free Sample Report

Global Home Healthcare Market

Home Healthcare Market: Technological Advances in-home Healthcare to Drive Growth

The high quality of home healthcare services has increased patient satisfaction, which has improved adoption. To increase patient satisfaction, caregivers and HCPs address the patient's physical, psychological, and healthcare requirements. The involvement of skilled professionals has also improved the quality of services. Vendors are also offering high-quality products, services, and solutions at lower prices. 

Vendors are also offering high-quality products, services, and solutions at lower prices. Vendors employ quality control and analyze their offerings on various parameters to increase patient satisfaction. These factors have an effect on patient satifaction thus resulting in the growth of the global home healthcare market during the forecast period.

Home Healthcare Market: Vendor Analysis

The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. A&D Co. Ltd., Abbott Laboratories, B. Braun Melsungen AG, Exergen Corp., F. Hoffmann-La Roche Ltd., Fresenius Medical Care AG & Co. KGaA, Johnson & Johnson, Koninklijke Philips NV, Linde plc, and Omron Healthcare Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio offers custom research reports with detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will help clients keep up with new product launches in direct & indirect COVID-19 related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19 Download a Free Sample Report 

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