|Home Healthcare Market To Reach USD 482.97 Billion By 2026 | Reports And Data|
|By GLOBE NEWSWIRE|
|Wednesday, 09 October 2019 05:57|
New York, Oct. 09, 2019 (GLOBE NEWSWIRE)
New York, Oct. 09, 2019 (GLOBE NEWSWIRE) -- Increasing number of lifestyle disorders and chronic diseases across the world, along with high levels of medical development across the globe will drive the market at a high CAGR during the forecast period.
According to the current analysis of Reports and Data, the global home healthcare market was valued at USD 260.95 Billion in 2018 and is expected to reach USD 482.97 Billion by year 2026, at a CAGR of 7.9%. The market for home healthcare is growing out of critical customer needs. Not common a few years back and still unheard in many small towns of the world, this is an industry that has grown from its nascent to the advanced stages very rapidly. Home healthcare as a market can be divided into several segments and sub-segments today. It includes services ranging from unskilled care to skilled nursing. The product range is also very wide, and so is the scope and need for specializations.
Increasing pediatric healthcare need and a growing geriatric population worldwide are the very key industry drivers. Worldwide population older than 60 years is estimated be around 2 Billion which might lead to increasing chronic diseases being diagnosed which evolve the demand for diagnostics such as imaging diagnostics as well as mobility care products will show rise in demand. Home healthcare is more cost effective than establishing hospitals. It has a ready and growing demand today. North American region is the industry leader today, due to advanced technologies in healthcare such as AI in healthcare IT, diagnostic apps such as mHealth application, high level of healthcare spending and policies for backing up the costly therapies or treatment; while Asia Pacific is expected to witness the highest CAGR in the coming years.
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Further key findings from the report suggest
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/home-healthcare-market
Segments covered in the report:
For the purpose of this study, Reports and Data have segmented the Home Healthcare market by Type, by Services, by Product, by Software and by Region:
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