Get the Pulse of Home Healthcare Industry with Drivers, Restraints and Key Players Analysis

Market Overview:

Home Healthcare programs provide skilled medical care to patients in the comfort of their own home. In-home care is also known as domiciliary care, social care, and in-home care. There are many benefits to choosing this type of care. In home healthcare, the health care staff implements the physician's orders and keep the physician up to date on the patient's condition. Depending on the severity of the illness, the frequency of the home care staff visits varies. Some patients may need daily care, while others may only need a brief visit once or twice a week. No matter the severity of a patient's condition, home health care services can tailor a plan of care for every individual. 

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Home health care consist of a wide variety of health care services which may be given at home of the patient for any illness or injury. These services are usually more convenient, less expensive, and are as effective as care the patient receives at the hospital or at any skilled nursing facility (SNF). Few services under home healthcare consist of Wound care related to pressure sores or the surgical wound, Injections, Intravenous or nutrition therapy, monitoring for serious illness & status of unstable health, etc. Professional caregivers like aides, nurses, and therapists provide long-term or short-term care at home, depending on the needs of the patient.

Home Healthcare Market is segmented based on Services into Rehabilitation Services, Infusion Therapy Services, Respiratory Therapy Services & Other Services; based on Equipment into Therapeutic, Diagnostic & Mobility Care and based on Software into Telehealth Solution, Clinical Management System & Other Healthcare Software.

Market Drivers:

Rising demand for homes-base treatments is anticipated to augment growth of the global and Japan home healthcare market over the forecast period. For instance, MyHealthcare and Sakra World Hospital partnered up for launching a digital health ecosystem which is centered on the patient in May 2022. This platform will provide patient’s access to Sakra Premium Clinic, Sakra Homecare services and Sakra World Hospital. Moreover, rising technological advancements in medical devices is estimated to propel growth of the global and Japan home healthcare market over the forecast period.  

Market Restraints:

Unavailability of skilled workers and concerns regarding the patients' safety are estimated to hamper growth of the global and Japan home healthcare market over the forecast period.  

Regional Analysis:

North America is expected to witness significant growth in the global and Japan home healthcare market over forecast period, due to increasing incidences of chronic diseases and rising geriatric population. Furthermore, Asia Pacific is anticipated to witness robust growth in the global and Japan home healthcare market over the forecast period, due to rise in home healthcare services and products in the region. 

Key Players:

Key players active in the global and Japan home healthcare market are Molnlycke Health Care, Braun Melsungen AG, Bayer AG, Abbott Laboratories, Arcadia Health Care, Baxter, Roche diagnostics corp., Fresenius Medical Care, 3M Healthcare, Amedisys, Medtronic PLC, F. Hoffmann-La Roche AG, ConvaTec Group PLC and Medline Industries, Inc.

LG Electronics and Amwell partnered up in March 2022, for creating digital health solutions which aim to enhance the patients’ access for care. LG will be creating a healthcare platform that will offer services by Converge, a digital health platform by Amwell.