(MoneyNewsWire.Net, January 12, 2018 ) According to the report Home Healthcare, published by Market Data Forecast, the North America market is projected to reach USD 124 billion by 2022, at a CAGR of 7.50% from 2017 to 2022.
Home health care refers to the wide range of health care services which can be given to patients at their homes for an injury or illness. It is usually inexpensive, highly convenient and as effective as the care one gets at a hospital or a nursing facility. It helps one to gain independence and become as self-sufficient as possible.
Home health care usually involves helping geriatric people in order to recover them from an injury or illness and live independently as long as possible. Home health care includes occupational & physical therapy, skilled nursing and speech therapy. It may involve helping older people with activities of daily living, like bathing, eating and dressing. It can also include assistance with cleaning, cooking, other housekeeping, and monitoring ones medication routine.
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North America Home Healthcare: Drivers & Restraints
The North America home healthcare market is growing at a steady CAGR as a result of growing elderly population and rising number of people diagnosed with diseases like heart ailments, diabetes and various respiratory sicknesses. Moreover, the North America home healthcare devices market is still in the nascent stages. These factors are driving home healthcare market during the forecast time and hence will support the market growth. However, their high cost along with the repayment issues related to selection of home healthcare devices would restrain the market development.
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North America Home Healthcare: Segmentation
Testing, Screening, & Monitoring Products
Mobility Care Products
Home Telehealth Monitoring Devices
Home Telehealth Services
Home Telehealth Software
Clinical Management Systems
Rehabilitation Therapy Services
Infusion Therapy Services
Unskilled Care Services
Respiratory Therapy Services
Pregnancy Care Services
Skilled Nursing Care Services
Palliative Care Services
o United States
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North America Home Healthcare: Overview
Respiratory therapy services, telehealth and telemedicine services, rehabilitation services, infusion therapy services and unskilled home healthcare services are the important services in home healthcare market. Rehabilitation services segment has the largest market share in the North America home healthcare market. This was mainly due to increase demand from the geriatric or aging population. By revenue, telehealth and telemedicine segment has the second largest segment in this market and it accounted for around twenty four percent market share of the total market in 2015.
North America Home Healthcare: Key Players
Some of the major companies dominating North America Home Healthcare Market are Amedisys Inc, General Electric Company (GE), A&D Company Limited, Almost Family Inc, Roche Holding AG, Kinnser Software Inc, Linde Group, Omron Corporation,), LHC Group Inc, Kindred Healthcare, Mckesson Corporation, Fresenius Se & Co Kgaa, Abbott Laboratories, Apria Healthcare Group.
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