The market research report, entitled Home Healthcare Services Market shows good possibilities in the Home Healthcare Services Market during the next five-year period and ensures more information regarding market trends. The following summary will give an overview of the drivers, challenges and key players in the market.
Home Healthcare Services Market Forecast:
The global home healthcare services market is likely to witness an impressive CAGR of 8.2% during the forecast period. Factors such as growing global geriatric population along with rising interest of older people to live independently at their own homes, increasing cases of chronic diseases and reducing mobility among seniors which is increasing the need of specialized care services for them, are bolstering the growth of the market.
COVID-19 Impact on Global Home Healthcare Services Market
The COVID-19 pandemic is likely to favourably impact market growth. To curb the spread of the virus, countries worldwide are imposing restrictions and are promoting social distancing measures. Strict restrictions on the movement of people are further expected to negatively impact land-based casino operations.
Home Healthcare Services Market Segmentation:
The report segments based upon demographics, geographics, benefits and volume etc, has different driving factors and identifies the most-attractive segments and sub-segments. Home Healthcare Services Market segmentation will not only help marketers to be more efficient in terms of time, money and other resources but also allows companies to learn about their target audience so that they can tailor campaigns and increase market share and revenue.
By identifying the type of services required by the clients, the home healthcare services market is segmented on the basis of nature of application of services as therapeutic services, diagnostic & monitoring services, and others. The therapeutic segment led the market in 2018.
In terms of regions, the North America remained dominant in the home healthcare services market in 2018. The USA is the largest market for home healthcare services. The country’s position in the market is attributed to the high growth of geriatric population owing to the highest proportion of citizens belonging to baby boomer’s generation along with rising demand among seniors to live at their homes. Changing healthcare policies in the USA such as inclusion of non-skilled in-home care in Medicare Advantage program from 2019 is rejuvenating the market for home health care services in the USA. The significant advantages of the home healthcare service such as reduction in cost of hospital bills, are driving high growth in the market in the European region as well.
The following are some of the key players in the Home Healthcare Services Market:
- Amedisys, Inc.
- American Homepatient
- ATC Healthcare Inc.
- Chemed Corporation
- CVS Health Corporation
- LHC Group, Inc.
- Kindred Healthcare
- Koninklijke Philips N.V
- The Blackstone Group L.P.
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