Home Healthcare Market Technological Challenges, Market Update, Volume Analysis, Growth Prospects And Forecast 2023-2032|Fresenius SE & Co. KGaA, F. Hoffmann-La Roche AG, Resmed Inc., American Well, Apple Inc.

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The Home Healthcare Global Market Report 2023 by The Business Research Company, provides home healthcare market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

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https://www.thebusinessresearchcompany.com/report/home-healthcare-global-market-report

According to The Business Research Company’s Home Healthcare Global Market Report 2023, the market size grew from $308 billion in 2022 to $337.18 billion in 2023 at a compound annual growth rate (CAGR) of 9.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the home healthcare market is expected to grow to $479.99 billion in 2027 at a CAGR of 9.2%.

The rapid increase in the aging population is significantly driving the growth of the home healthcare market going forward. The increase in the aging population will boost the demand for healthcare as the aged people are more prone to chronic diseases, which is a favorable factor to the home healthcare market, and increases the overall reach of various home health services. This will reduce the unnecessary visits time involved in traveling, hospital admission, and others.

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The home healthcare market is segmented:

1) By Equipment: Therapeutic, Diagnostic, Mobility Care

2) By Services: Rehabilitation Services, Respiratory Therapy Services, Infusion Therapy Services, Other Services

3) By Indication: Cardiovascular Disorders & Hypertension, Diabetes, Respiratory Diseases, Pregnancy, Cancer, Wound Care, Other Indications

Technological advancements have emerged as a key trend gaining popularity in the home healthcare market. Companies operating in the home healthcare market are adopting new technologies to reinforce their position in the market. For instance, in August 2020, American Homecare Health Services (AHHS), a US-based home health provider, launched telehealth and remote patient monitoring program. The program is launched in partnership with health recovery solutions. The new offering would be used to identify COVID-19 patients through their recorded symptoms and vital signs.

The home healthcare market report table of contents includes: