Home Healthcare Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023
Š Infinium Global Research
Page 2
Home Healthcare Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023
Introduction Report Description The report on Global Home Healthcare Market is an in depth analysis of the segments and sub-segments in the home healthcare market. The report provides analysis for the global as well as regional markets over the period of 2015 to 2023. According to report the global home healthcare marketis expected to grow at a CAGR of 9.8 % over the forecast period of 2017 - 2023. Home health care has a wide range of applications in medical products and services.They provide treatment and regular support to pateins at home. It is cost effective solution for the victims that may be affected by any disorder.Since last few decades the cost of health care is rising steadily due to increase in cost of drugs, hospital services and medical devices. Home health care helps adults and seniorswho are recovering after a hospital and they need additional support to remain safely at home and avoid unnecessary hospitalization. This report estimates the market size of home healthcare market in terms of value (USD million) over the period of 2015 to 2023.The year 2015 is considered to be a base year, and 2017 to 2023 is considered to be a forecast period. This market research study provides detailed qualitative and quantitative analysis of the global home healthcare market. Additionally, the report provides a comprehensive review of the major market drivers, restraints, opportunities in the global as well as regional markets of home healthcare market. The market analysis covers major geographic regions, such as North America, Europe, Asia-Pacific and Rest of the World (RoW). The market size and forecasts are also given for these regions. Countries with major market revenues are covered for each of the region. Furthermore, this report provides insights into the market using analytical tools such as Porter’s five forces analysis and DRO analysis of home healthcare market. Moreover, the Š Infinium Global Research
Page 3
Home Healthcare Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023
study highlights current market trends and provides forecast from 2017 to 2023.We also have highlighted future trends in the global home healthcare market that will impact the demand during the forecast period. The IGR- Growth Matrix analysis provided in this report highlights key investing markets in the world. This report will help manufacturers, suppliers and distributors to understand the present and future trends in this market and formulate their strategies accordingly. HOME HEALTHCARE MARKET SEGMENTATION HOME HEALTHCARE MARKET
Application Therapeutic Diagnostic Fitness and Nutrition Monitoring Other
Region
Type Home Health Monitoring Products Home Health Services Home Health Solutions
North America Europe Asia Pacific Latin America RoW
The report segments the Home Healthcare Market by services, by application, by type. Market segmentation based on applications includestherapeutic, diagnostic, fitness and nutrition monitoring and other. On the basis of type market segmented into home health monitoring products home health services and home health solutions.
© Infinium Global Research
Page 4
Home Healthcare Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023
Research Methodology Methodology Infinium Global Research published reports are based on extensive primary and secondary research methods. The research begins with extensive exploration through secondary sources followed by primary research. With these research methods we were able to estimate the market size of the Home Healthcare Market, to identify the factors that promote the growth in this market as well as the factors that hamper the growth in the market. Comprehensive primary and secondary methods helped us to identify the trends in the market and to project the opportunities that the key players may get in the coming days. Research Methodology: An Outline
Primary source of the information and data include Industry Experts/consultants Top level executives in the key market players Subject matter experts Academicians and research scholars
PRIMARY RESEARCH
Secondary sources of the information and data include Company annual reports Government/institutional publications Trade and associations journals Databases Websites and publications by research agencies Others
SECONDARY RESEARCH
For More Details Get Free Sample Pages of this Report @ https://www.infiniumglobalresearch.com/reports/sample-request/310 © Infinium Global Research
Page 5
Home Healthcare Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023
BOTTOM-UP APPROACH
Arriving at Global Market Size
Market Share of Key Players
Key Market Players
Arriving at Regional/Country Market Size
Accumulation of the country level market size (value) Regional market size of home healthcare and its applications and types.
Segment revenue of the key players Country level market size by type and applications (value)
Identifying key players in the home healthcare market
Accumulation of the regional/country market size (value) Global market size of applications and types.
RESEARCH APPROACHES- TOP-DOWN Global Market
Market Segments
Determine the Regional Market Size Country Level Market Sizing
Global market size of home healthcare market Value for 2015 to 2023
% breakdown by market segments by applications and type Value for 2015 and 2023
Regional market size of the home healthcare market (value) Regional market size of applications and types
Country level market size of the home healthcare market in every region (value) Country level market size of application and type in every region
TOP-DOWN APPROACH
© Infinium Global Research
Page 6
Home Healthcare Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023
The study on global Home Healthcare Market provides deep insights into the trends and opportunities in the market for the forecast period 2017 to 2023. Moreover, the market estimates are provided in terms of revenue in USD million.Furthermore, the research covers the analysis of the various segments in the global Home Healthcare Market. The estimates in the global Home Healthcare Market are based on both bottom-up and topdown approaches. In the bottom-up approach the revenues of the key players are determined and added to arrive at country or regional markets size. The country market sizes added to arrive at the regional market size. Further, the market size of the regions is added to arrive at the global market size of Home Healthcare Market. In the top-down approach the global market size is estimated based on the secondary research and historic data. Using this approach the regional market size is obtained by splitting the global number by percentage share of each region such as North America, Europe, Asia-Pacific and RoW. The regional market was then divided as per the market share of the application and type. IGR- RESEARCH METHOD AND DATA TRIANGULATION SECONDARY SOURCES
Infinium's Data Bank/ Know How
Top executives of end-use industries such as hospitals and Clinics Intermediaries
C-level executives in the leading manufacturing products of home healthcare. Product managers Sales managers Industry consultants Distributors/Suppliers
© Infinium Global Research
Secondary Research
DATA TRIANGULATION & INFORMATION SOURCES
Annual Reports Presentations Company Websites Press Releases News Articles Journals Paid Databases
Company Publication
Supply Side
Primary Research
Industry Publications Goverment Agencies' Publications Industry news Data sources Department of health, U.K. Department of health, Govt. of Australia U.S. National Library of Medicine Others
General Publications
Demand Side
PRIMARY SOURCES
Page 7
Home Healthcare Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023
The market size of home healthcare market is determined based on the top down approach. The market size is validated using primary interview with the participants working in some of the leading players in the home healthcare market. The primary interview participants typically includes managers and CXO level executives of the leading players in this market. The primary interviews not only help identify the market size of the home healthcare marketbut also identify the factors that promote the growth in the market and the factors that restrain the growth in this market. The views of primary respondents were reconciled to provide qualitative analysis of the home healthcare market. The primary respondents also help identifying top 5-10 players and their possible market share in the respective country markets and in world market. The bottom-up approach is used to validate the global market size of telemedicine. With the help of primary interviews and secondary research the market size of telemedicine is determined for each country studied, which then is added to arrive at the regional market size and thereby obtaining global market size. This in turn helps us to validate the market size of telemedicine in the world market. Executive Summary Global Home Healthcare Market Highlights, (USD Million) The global home healthcare market is expected to grow at a CAGR of 9.8 % between 2017 and 2023 in terms of value.Home healthcare is reflected as the most multipurpose technology available they provide treatment and regular support to pateins at home.Home health care is cost effective solution for the victims that may be affected by any disorder. It also helps in decreasing emergency room visit and hospitalization rate, thusaugmenting the market growth. Increasing elderly population is one of the key driver for the growth of market. As per the World Health Organization’s estimations, the elderly population is anticipated to be more than double from 7.0% to 16.0% in 2050.Home healthcare is a wide range of medical solutions, products and services, which provide health monitoring, treatment and regular support to patients at home. Home healthcare is generally less expensive, more convenient than and as effective as care you receive in a hospital or nursing home. Primary factors driving this market include rise in base of geriatric Š Infinium Global Research
Page 8
Home Healthcare Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023
population, increasing number of patients with chronic diseases, growing awareness about home health among the population, growing demand for affordable healthcare treatments, pressure to reduce the healthcare treatments costs, technological innovations, and government support to promote home healthcare. In addition, increasing acceptance of home healthcare as a cost effective alternative solution to traditional treatments and growing number of workforce related to these services increasing the demand for home healthcare services. Moreover, the construction and maintenance of hospitals are capital intensive in nature and incur large investments in terms of capital and operational expenses. Therefore, healthcare providers strategically with the help of mergers and acquisitions are now entering the rapidly growing home healthcare market in an effort to exploit on the available prospects in this market. The report provides profiles of the companies in the global Home Healthcare Market such as, Philips HealthcareAlmost Family Inc, Abbott Laboratories, Braun MelsungenAG, Johnson&Johnson, Becton, Dickinson and Company, Cardinal Health Inc., Fresenius SE & Co. KGaA, Omron Healthcare, McKesson Corporationand Roche Holdings AG. GLOBALHOME HEALTHCARE MARKET, 2015 – 2023 (USD MILLION)
2015
2016
2017
2018
2019
2020
2021
2022
2023
Value
Š Infinium Global Research
Page 9
Home Healthcare Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023
Home Healthcare Market is expected to experience rapid growth globally. However, Primary factors driving this market include rise in base of geriatric population, increasing number of patients with chronic diseases, growing awareness about home health among the population.The market size in terms of value is expected to grow due to Consistent technological innovations. GLOBALHOME HEALTHCARE MARKET, CAGR (USD MN) GROWTH BY REGIONS (2017 – 2023)
xxx.x xxx.x
2017
2023
xxx.x
xxx.x
xxx.x
xxx.x
2017
2023
2017
2023
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. In this section the key trends and market size for each geography is provided over the period of 2015 – 2023. The report provides regional analysis covering geographies such as North America, Europe, Asia Pacific, and Rest of the World (RoW). North America is leading contributor to the market and is expected to retain its position during the forecast period. Nonetheless, the market for Asia-Pacific region is expected to grow at a faster rate owing to increasing prevalence chronic diseases, growing awareness among the population, increasing adoption of new technologies, large number of new players entering into the market, © Infinium Global Research
Page 10
Home Healthcare Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023
improving healthcare infrastructure, rise in healthcare spending, and favorable government policies. Market Overview & Competitiveness DRO Analysis DRO stands for drivers, restraints and opportunities. The DRO analysis involves, identifying the factors that are likely to have impact on the global Home Healthcare Market. It covers analysis of short term and long term impact of drivers and restraints. Through this analysis both short term and long term opportunities are identified. These opportunities present the investment options and new markets for the market players in the Home Healthcare Market. Drivers refer to the factors that are expected to drive or boost the market size or demand for Telemedicine. The analysis involves identification of both demand side and supply side factors that drive the demand as well as environmental factor that favor the market conditions for growth of Home Healthcare Market both in short run and long run. DRIVERS OF HOME HEALTHCARE MARKET, IMPACT ANALYSIS SHORT TERM IMPACT
DRIVERS
MID TERM IMPACT
LONG TERM IMPACT
Consistent technological innovations, Increasing remote patient monitoring High prevalence of chronic diseases
HIGH
MEDIUM
LOW
“Get 15% discount for early purchase of Global Home Healthcare Market report by clicking the following link, Use code IGRD15 to request the discount in the given form “@ https://www.infiniumglobalresearch.com/reports/request-discount/310 © Infinium Global Research
Page 11
Home Healthcare Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023
RESTRAINTS OF HOME HEALTHCARE MARKET, IMPACT ANALYSIS SHORT TERM IMPACT
RESTRAINTS
MID TERM IMPACT
LONG TERM IMPACT
High cost of advanced technology
Legal and reimbursement issues
HIGH
MEDIUM
LOW
IGR- Growth Matrix Analysis Growth matrix developed by Infinium Global Research, also known as IGR-Growth Matrix helps understand the market situation of the business segments. It helps identify the most attractive segment for the investment purpose and helps the companies to make better decisions in strategy making. The IGR- Growth Matrix presents the zones that define the position of the product segment and Services segment or region based on the market size, growth anticipated and the growth factors & historic growth. Following are the zones that IGR- Growth Matrix considers Risky Zone: Low market size and low growth rate. Investment in this segment is risky Retention Zone: High market size and low growth rate, the companies operating in this segment should retain their investments in this segment. Companies may focus on extensive marketing and advertisements Consolidation zone: High growth rate and high market size, the companies operating in the segments that have high market size and high growth should focus on consolidating their market position in these segment. Mergers and acquisitions, extensive marketing programs, and new product developments can be used as marketing strategies to consolidate the market in these segments. Opportunity Zone: High growth low market size Safe Zone: Moderate growth and moderate market size. © Infinium Global Research
Page 12
Home Healthcare Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023
IGR- GROWTH MATRIX ANALYSIS Growth Rate
Opportunity Zone
Consolidation Zone
High
Low
Risky Zone
Retention Zone Market Size Low
High North America
Europe
Asia-Pacific
RoW
GLOBAL HOME HEALTHCARE MARKET BY APPLICATIONS, 2016 - 2023 (% SHARE) 2016
2023 Therapeutic
Diagnostic
Fitness and Nutrition Monitoring others
© Infinium Global Research
Page 13
Home Healthcare Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023
GLOBAL HOME HEALTHCARE MARKET BY APPLICATIONS, 2015 - 2023 (USD MILLION)
Therapeutic
Diagnostic 2015
2016
Fitness and Nutrition Monitoring 2017 2023
others
GLOBAL HOME HEALTHCARE MARKET FOR THERAPEUTIC, BY REGIONS, 2015 - 2023 (USD MILLION)
North America
Europe 2015
© Infinium Global Research
Asia-Pacific 2016
2017
RoW
2023
Page 14
Home Healthcare Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023
Company Profiling Abbott Laboratories
Abbott Laboratories CONTACT DETAILS:
Tele: 224-667-6100
Address: 100 Abbott Park Road
Website: www.abbott.com
North Chicago, IL 60064
KEY FEATURES: No. of Employees: more than xxx No. of countries of operation: xx
United States
SWOT ANALYSIS: STRENGHTS Sample text Sample text
OPPORTUNITIES Sample text Sample text
WEAKNESS Sample text Sample text
THREATS Sample text Sample text
PRODUCT PORTFOLIO: Product 1 Product 2 Product 3
Browse Detailed Description and Company Mentioned in this Report @ https://www.infiniumglobalresearch.com/healthcare-medical-devices/home-healthcaremarket © Infinium Global Research
Page 15