An upsurge in demand for telehealth systems, coupled with a rapid adoption rate of endless numbers of home healthcare systems globally amid the COVID-19 outbreak owing to lack of sufficient isolation wards critical units.

The Global Home Healthcare Market is forecast to reach USD 680.35 Billion by 2027. The global Home Healthcare market is currently observing a tremendous pace owing to the growing prevalence of the telehealth system, the rising cost of the hospital beds, unavailability of the ambulance service in rural or remote areas, availability of the skilled nursing care at home, and overall affection for the home healthcare systems compared to hospital admissions coupled with growing geriatric population, pediatric deformity, the proliferation of chronic diseases, and the rising rate of novel pandemics globally.

Tele-ICU has been one of the most trendy technology in the ICU management or critical care patient monitoring market, due to its cost-effective solutions against conventional 24/7 critical care team monitoring for a particular patient. Tele-ICU provides incessant technological advancements in centralized and remote patient monitoring through a number of hardware and software deployed in intensive care units. Incorporating a minimal amount of handy hardware can provide highly spontaneous solutions with advanced monitoring and alarming systems and reduce the burden of undergoing huge expenses of the critical care units, having treated the critical care patients right from their home.

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Top companies profiled in the report:

McKesson Medical-Surgical Inc., Medline Industries, Inc., 3M Healthcare, Brookdale Senior Living, Inc., Home Health Services Ltd., Genesis Healthcare Corp., Home Instead Senior Care, Inc., Care UK Limited, Becton, Dickinson And Company, ConvaTec Group PLC, and Extendicare, Inc. among many others.

Global Home Healthcare Market: Regional Outlook

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • France
  • Italy
  • Spain
• Asia Pacific
  • India
  • China
  • Japan
  • Australia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Argentina
  • Peru
  • Mexico
  • Rest of Latin America
• Middle East Africa
  • Saudi Arabia
  • South Africa
  • A.E
  • Rest of Middle East Africa

Global Home Healthcare Market Segmentation:

Product Outlook (Revenue, USD Million; 2019-2027)

• Homecare Diagnostic
• Therapeutics
• Mobility Care

Software Outlook (Revenue, USD Million; 2019-2027)

• Agency Software
• Clinical Management Systems
• Hospice Solutions

Services Outlook (Revenue, USD Million; 2019-2027)

• Rehabilitation
• Infusion Therapy
• Unskilled Care
• Respiratory Therapy
• Pregnancy Care
• Skilled Nursing
• Telemetry
• Hospice Palliative Care

Purposes Outlook (Revenue, USD Million; 2019-2027)

• Chronic Diseases
• Infectious Diseases
• Psychological Diseases
• Geriatric Diseases
• Pediatric Diseases
• Fertility Treatments Pregnancy
• Intensive Critical Care
• Injuries Accidental Deformity
• Nutrition General Consultancy
• Others

Types Outlook (Revenue, USD Million; 2019-2027)

• Home Healthcare Monitoring
• Home Healthcare Services
• Home Healthcare Software Solutions

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Further key findings from the report suggest

• The increasing popularity of the ambulatory care hospitals, which releases the patients right after the surgery and let the patients take necessary medication and treatments at home, are widely being preferred especially for its considerably low expenses.
• China and India are expected to witness a huge surge in this market, as the market value is expected to double itself in India shortly. As more number of elderly population is expected to be residing in China and Asia Pacific region by 2050 along with that increased healthcare spending and the government of India planning to increase public health spending 2.5% of GDP by 2025.
• Infectious Diseases sub-segment is observing the highest demand now owing to the COVID-19 cases diagnosed worldwide. This sub-segment is projected to grow at a CAGR of 19.4% throughout the forecast period.
• In February 2019, Philips partners with DispatchHealth to provide seniors in Arizona U.S. with on-demand care at home, expanding its geographical reach home health care solutions.

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