Home Care - Market Scope
Home care includes any professional support services that allow a person to live safely in their home. In-home care services can help someone who is aging and needs assistance to live independently; is managing chronic health issues; is recovering from a medical setback; or has special needs or a disability. Professional caregivers such as nurses, aides, and therapists provide short-term or long-term care in the home, depending on a person's needs. About 70 % of those using home healthcare services are age 65 and older. In this age group, the most common medical conditions requiring home care are: heart disease, diabetes, and cerebral vascular diseases. Over 1/3 of the persons requiring in-home care are under age 60, availing assistance for rehabilitation, are disabled, or have chronic health conditions, often requiring patient aids for assistance. A majority, 80 %, of those over age 60, choose to live independently, in comfort and with an enhanced quality of life.
The Home Care - market study is segmented and major geographies with country level break-up.
The vendors in this market are majorly focusing on developing innovative solutions & services in order to cater to the market's demands to remain competitive in the market based on the current scenario. The recent industry crisis due to the outbreak of COVID-19 is expected to be one of the major challenges for the vendors of this market as the market vendors have been witnessing a decrease in the adoption of home care which involves screening assessments and full assessments.
GE Healthcare (United States), Philips Healthcare (Netherlands), Fresenius Se & Co. Kgaa (Germany), Linde Group (Ireland), Roche Holding Ag (Switzerland), A&D Company, Limited (Japan), Abbott Laboratories (United States), Omron Corporation (Japan), Sunrise Medical (United States) and Drive DeVilbiss Healthcare (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Kindred at Home, Amedisys Home Health and Hospice Care, Invacare Corporation, BAYADA Home Health Care, Hamilton Medical, Lincare Holdings Inc and Interim HealthCare Inc.
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
AMA Research has segmented the market of Global Home Care - market by Type, Application and Region.
On the basis of geography, the market of Home Care - has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
- Rising Consumer Preference Towards Home Care Over Institutional Health Care
- COVID-19 has Boosted the Adoption of Smart Home Care Services
- Rising Old Age Population
- Increasing Awareness for Remaining at Home for Healthcare Services
- Rising Disposable Income of Population Propelling the Investments in Home Care Services
- High Competition in the Market Due to Presence of a Large Number of Players
- Health Accord is Expected to Slowdown the Industry Growth
- COVID-19 has led to a Decline in the Adoption of Home Care Services in FY 2020
Frequently Asked Questions (FAQ):
1. Is it possible to have certain customization in the study?
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a study that suits your business objectives.
2. How big is the Home Care - Market?
Yes, the study does represent market size by key business segment, application/end users and major geographies forecasted till 2026.