Stratview Research releases a new insightful report on the Home Healthcare Services Market, that makes efforts at providing deep insights into numerous factors that are vital to the growth of this industry.
The information presented in this report will outline the present and upcoming trends in the market, analyst opinions and views, competitive landscapes, and key regions from a systematic perspective. This report on the Home Healthcare Services Market provides an analysis of the key trends in business and forecasts the future directions of the market. The procedure and analysis used in this report assesses the strengths and weaknesses of market participants, key
market drivers, and challenges. It identifies significant market players, provides split analyses, and forecasts, among other insights.
Market Dynamics
The market experts at Stratview Research identify and evaluate the criteria which are vital for studying a market: The key customers, product, affecting trends, pricing, competition, financing, and growth factors. The user can take a critical insight at how, why, and when the market is roaring high and also can find the loopholes in it.
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According to the present report, 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.
Key players mentioned in the report are –
Some of the major players mentioned in the report are listed below-
- 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.
Market Segments’ Analysis
Home Healthcare Services Market Insights: By Service Type
Based on the service type, the home healthcare service market is broadly classified as medical care, non-medical care and both medical and non-medical care in combination. The medical care services which can be defined as the services related to health and medical condition of the patient or client, majorly include skilled nursing services, physical therapy, speech therapy, infusion therapy, psychiatric care, medication management, and assistance in rehabilitations. Whereas, non-medical services majorly include preparing meals, housekeeping, and assisting clients in doing other daily activities. The client who requires both medical care and non-medical care services are included under the third segment which is the combination of both.
Home Healthcare Services Market Insights: By Application Type
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.
Home Healthcare Services Market Insights: By Region
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.
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