Home Healthcare Market Analysis By Product (Therapeutic, Diagnostic Equipment, Mobility Assist, Diabetes Monitor, Intravenous Pumps, Holter Monitors, Heart Rate Meters, Wheel Chairs), By Service (Rehabilitation Services, Unskilled Home Care, Respiratory Therapy, Infusion Therapy, Telemetry) And Segment Forecast to 2020

Published: September 2014 | Report Code: 978-1-68038-010-1 | Report Format: Electronic (PDF)

Industry Insights

Home healthcare products are generally applied to a broad range of equipment and services designed for exclusive use in the home or other non-medical facility by nonprofessional caregivers, family members, or patients themselves. The U.S.FDA (Food and Drug Administration) has announced to provide closer oversight of home healthcare equipment in the country with U.S. expenditure for homecare around USD 57.6 billion in 2007. Some of the driving factors for the home healthcare market are increasing geriatric population as people over the age of 65 needs more frequent home delivery of routine healthcare services and self-monitoring of common chronic medical conditions such as diabetes, asthma, chronic obstructive pulmonary disease and others. Government independent standards organizations, insurance regulators, and an industry group are focusing increased attention on the development, marketing, regulation and surveillance of the home healthcare market, to ensure that the equipment performs as intended, and is safe to use by both patients and caretakers. The home healthcare market is expected to witness significant gains over the forecast period as the delivery of healthcare equipment and services shifts from clinical settings to the home due to its effectiveness, safety and technologically advanced homecare products such as electric toothbrushes, denture cleaners, seat lifts and others.

Product Insights

The home healthcare market on the basis of the product type is segmented into therapeutic equipment, diagnostic equipment, and mobility assists. Therapeutic equipment market is segmented into home respiratory therapy equipment, home dialysis equipment. insulin delivery, others therapeutic equipment, Diagnostic equipment market is classified into diabetic care unit, BP monitors, home IV (intravenous) pumps, multi-parameter diagnostic monitors, home pregnancy and fertility kits, others self-monitoring equipment, apnea, and sleep monitors, Holter monitors, heart rate meters (include pacemakers). Mobility assist market is segmented into a wheel chair, home medical furniture and walking assist devices. Self-monitoring of blood glucose is considered as an effective tool for the management of diabetes, especially for those who require insulin treatment.

Service Insights

Key services in the home healthcare market include rehabilitation (primarily hospital care), unskilled home care, respiratory therapy services, infusion therapy services, and telemetry. Telemetry/telehealth market is classified into remote patient monitoring and telemedicine. Infusion therapy includes enteral nutrition, total parenteral nutrition, intravenous antibiotic therapy, intravenous chemotherapy and pain management. Infusion therapy market is expected to grow at fastest CAGR during the forecast period due increasing geriatric population base. Rehabilitation service providers are further segmented into occupational therapy, physical therapy, and speech therapy.

Global home healthcare market, by services, 2012 - 2020 (USD million)

home-healthcare-industry

Regional Insights

North America dominates the global home healthcare market due to the presence of high sophisticated healthcare infrastructure and increasing investment in R&D facilities. Asia Pacific home healthcare market is expected to grow at a rapid pace during the forecast period owing to increasing geriatric population as elder people are prone to many disorders such as orthopedic, cardiovascular and others, rising awareness about the cost effectiveness and convenience offered by this product and services and rising health care expenditures in emerging countries such as India and China.

Competitive Insights

Major players of the global home healthcare market include Almost Family Inc., B. Braun Melsungen AG, Abbott Laboratories, Sunrise Medical Inc., 3M healthcare, Baxter international Inc., Medtronic Inc., Cardinal health Inc., Roche diagnostics corp., Air liquid, Arcadia resources, Inc., Bayer healthcare AG, Amedisys, Inc., Nxstage Medical, Inc., Arkray Inc., Apria healthcare group, Odyssey Healthcare Inc. Becton, Dickinson and Company, Critical Homecare, National Healthcare corp., Omron Healthcare Inc., Drive Medical Design & Manufacturing, Chubb community care, Gambro AB, GE healthcare, Medline Industries Inc., Philips healthcare, Medco Health Solutions Inc., Graham-Field health products Inc., Hill-Rom holdings Inc., Gentiva health services Inc., Johnson & Johnson, Linde Healthcare, Lincare holdings Inc. and Kinetic concepts.

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