The ‘Global Home Healthcare Market Price, Share, Analysis, Growth, Report and Forecast 2023-2031’ by Expert Market Research gives an extensive outlook of the global home healthcare market, assessing the market on the basis of its segments like equipment, services, application, and major regions.
Home Healthcare Market Size, Share, Trends, Industry Report, Key Player, Major Segments and Forecast
The key highlights of the report include:
Market Overview (2018-2031)
- Historical Market Size (2022): USD 298.3 billion
- Forecast CAGR (2023-2031): 10.10%
- Forecast Market Size (2027): USD 710.5 billion
The home healthcare market is driven by a number of factors, including an ageing population, increasing chronic disease rates, and advances in technology. The ageing population is one of the major drivers of the home healthcare market, as older individuals are more likely to require medical care and assistance with daily activities. With the increasing rates of chronic diseases such as diabetes, heart disease, and cancer, individuals are more likely to require ongoing medical care and support in their homes.
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Advances in technology, such as telemedicine, remote monitoring, and wearable devices, have also played a significant role in driving the home healthcare market, as they allow for more efficient and cost-effective delivery of care.
Additionally, the rising costs of healthcare and the desire for more personalized and convenient care has led to an increased demand for home healthcare services. Government initiatives to reduce healthcare costs and increase access to care, such as the Affordable Care Act, have also played a role in driving the home healthcare market. Overall, the home healthcare market is driven by a combination of demographic, economic, and technological factors that are expected to continue to drive growth in the coming years.
Home Healthcare Market Segmentation
Home healthcare refers to medical and therapeutic services provided to individuals in their own homes, rather than in a hospital or other healthcare facility. Services may include nursing care, physical therapy, occupational therapy, speech therapy, and other forms of medical treatment or rehabilitation. Home healthcare can be provided by a variety of healthcare professionals, including nurses, therapists, and home health aides. It is often used for individuals who are recovering from an illness or injury, or for those with chronic health conditions that require ongoing care and support.
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Market Breakup by Equipment
- Therapeutic Products
- Dialysis Equipment
- Wound Care Products
- Home Intravenous Pumps
- Nebulizers and Inhalers
- Insulin Delivery Devices
- Oxygen Delivery Systems
- Sleep Apnea Therapeutic Devices
- Others
Testing, Screening, and Monitoring Products
- Blood Glucose Monitors
- Hearing Aids
- Blood Pressure Monitors
- Ovulation and Pregnancy Test Kits
- Pulse Oximeters
- Coagulation Monitoring Products
- Heart Rate Monitors
- HIV Test Kits
- Temperature Monitoring Devices
- Foetal Monitoring Devices
- Others
- Mobility Care
- Wheelchairs
- Walking Assist Devices
- Home Medical Furniture
- Others
- Mobility Care
Market Breakup by Services
- Skilled Home Healthcare
- Physician Primary Care
- Nursing Care
- Physical/Occupational/Speech Therapy
- Nutritional support
- Others
- Unskilled Home Healthcare
Market Breakup by Application
- Cancer
- Respiratory Diseases
- Pregnancy
- Wound Care
- Diabetes
- Cardiovascular Diseases and Hypertension
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Home Healthcare Market Trends
The home healthcare market has seen a significant increase in product launches and developments in recent years. One major development has been the rise of connected medical devices, such as wearable health monitors and smart home health systems. These devices allow patients to track their vital signs and manage their health conditions from the comfort of their own homes.
Another major product launch in the home healthcare market has been the development of telemedicine systems. These systems enable patients to consult with healthcare professionals remotely, through video conferencing and other digital tools. This allows patients to receive medical care and advice without having to leave their homes, which is particularly beneficial for those with mobility issues or chronic health conditions.
Another key development in the home healthcare market has been the introduction of home-based diagnostic devices. These devices allow patients to conduct diagnostic tests and monitor their health conditions at home, such as glucose monitoring for diabetes patients, and blood pressure monitoring for hypertension patients.
Another important product launch in the home healthcare market has been the development of home-based rehabilitation equipment. This includes products such as exercise bikes, treadmills, and strength training equipment, which allow patients to continue their rehabilitation at home after a hospital stay or injury.
Key Market Players
The major players in the home healthcare market report are:
- Koninklijke Philips N.V.
- Omron Healthcare, Inc.
- Air Liquide
- B. Braun Melsungen AG
- Medtronic
- DaVita Inc.
- Cardinal Health
- Sunrise Medical
- General Electric
- A&D Company, Limited
- BAYADA Home Health Care
- Invacare Corporation
- Philips Healthcare
- GE Healthcare
- Baxter
- F. Hoffmann-La Roche Ltd
- Healthcare at Home
- Linde plc
- Others.
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
Global Umbilical Cord Blood Banking Market Size To Grow At A CAGR Of 5.8% In The Forecast Period Of 2023-2031
The ‘Global Umbilical Cord Blood Banking Market Statistics, Size, Share, Growth, Analysis, Report and Forecast 2023-2031’ by Expert Market Research gives an extensive outlook of the global umbilical cord blood banking market, assessing the market on the basis of its segments like storage operation, service type, application, and major regions.
The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
Umbilical Cord Blood Banking Market Size, Share, Trends, Industry Report, Key Player, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2018-2031)
- Forecast CAGR (2023-2031): 5.8%
The developing field of regenerative medicine along with the surging prevalence of chronic diseases is aiding the umbilical cord blood banking market growth across the globe. Umbilical cord blood contains cells known as hematopoietic stem cells. Such cells can be used to turn into any type of blood cell, for transplants, and treat diseases like immune deficiencies, blood disorders, metabolic diseases, and some types of cancers.
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The advantages of cord blood are anticipated to boost the demand for the umbilical cord blood banking market globally during the forecast period. Several initiatives are taken by government associations worldwide to inform the public about the benefits of preserved stem cells.
With the growing healthcare industry and increasing awareness regarding umbilical cord blood banking among new or expecting parents, the market demand for umbilical cord blood banking is expected to rise over the upcoming years across the globe.
Umbilical Cord Blood Banking Industry Definition and Major Segments
Umbilical cord blood banking is a method of collecting possibly life-saving stem cells from the placenta and umbilical cord of a baby soon after birth, and saving them for future utilisation. The cord blood at the time of labour serves as a rich source of stem cells along with other cells of the immune system.
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On the basis of storage operation, the market is segmented into:
- Private UCB Banks
- Public UCB Banks
Based on service type, the market can be divided into:
- Sample Preservation and Storage
- Sample Analysis
- Sample Processing
- Sample Collection and Transportation
By application, the market is segregated into:
- Bone Marrow Failure Syndrome
- Metabolic Disorder
- Leukaemia
- Immune Deficiencies
- Lymphoma
Based on region, the market is divided into:
- North America
- Latin America
- Asia Pacific
- Europe
- Middle East and Africa
Umbilical Cord Blood Banking Market Trends
The global umbilical cord blood banking market is expected to witness significant growth over the coming years on account of the surging research and development in the field of regenerative medicine. This research is uncovering various ways to improve and save lives from umbilical cord blood, fuelling the market growth of umbilical cord blood banking. The retrieval and storage process are considered safe and secure, without affecting delivery or labour, which is likely to boost the market growth of umbilical cord blood banking.
Based on the region, North America is augmenting a significant growth in the umbilical cord blood banking market share. This is on account of the rise in penetration of cord blood banking services in maternity hospitals coupled with the well-established healthcare infrastructure in the region. Meanwhile, the Asia Pacific region is anticipated to register substantial market growth owing to the high birth rate, surging prevalence of chronic diseases, and increase in awareness regarding the potential applications of cord blood.
Key Market Players
The major players in the global umbilical cord blood banking market report are CBR Systems, Inc., Cryo-Cell International, Inc., Smart Cells International Ltd., Global Cord Blood Corporation, and Stemcyte India Therapeutics Pvt. Ltd, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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