Home Healthcare Market Outlook To 2024: Key Produt & Service Categories [Equipment (Therapeutic Equiment, Diagnostic Equiment, Personal Mobility Assist Equipment), Services], Regional Segmentation, Competitive Dynamics, M&A Insights, Pricing Analysis (OPP, IPP, RAP), And Segment Forecast

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The global Home Healthcare market was valued at $230.7 bn in 2016 and is anticipated to reach over $483.1 bn by 2024.

 

The home healthcare market is anticipated to witness lucrative growth owing to the rising healthcare expenditure, growing prevalence of chronic diseases, shortage of hospital infrastructure, rise in aging population and other factors. Home healthcare enables older people and adults who need long term care to recover from diseases, injuries and for rehabilitation. Home healthcare includes a wide array of product and service portfolio. The out-of-pocket healthcare expenditure and reimbursement play a vital role in market expansion.

 

The increase in geriatric population is one of the prominent factors driving the demand for home healthcare products and services. The countries such as France, UK, Germany, U.S., and Japan are witnessing rapid growth in the number of people aged 65 and above. In the U.S., as per the 2015, Administration of Aging (AoA) estimates, the number of people aged above 65 is anticipated to be over 46.2 million. In UK, as per the Age UK Group estimates, there are over 23.6 million people above 50 years and nearly 11.6 million people are aged above 65. Furthermore, it is estimated that by 2030, the population above 65 is expected to surpass 20 million. Rise in aging population, coupled with the prevalence of chronic diseases in anticipated to boost the demand for long term home health services over the forecast period.

 

The rise in prevalence of chronic diseases is amongst the key factors propelling the market growth. The commonly provided services for patients eligible for home healthcare treatment include, symptom monitoring & management, medication delivery, enabling use of medical equipment, physical therapy, emotional support, personal hygiene, and mobility assistance. The changes in lifestyle habits, genetic disorders, and exposure to various environmental factors is driving the incidence rate of diseases such as cancer, cardiovascular diseases, neurological diseases and others. For instance, as per the U.S. National Cancer Institute in 2016, nearly 1,685,210 new cancer cases will be diagnosed and approximately 595,650 people are anticipated to die due the condition. The most common type of cancer include breast, lung, prostate, melanoma, kidney, and pancreatic cancer. The growing disease burden is increasing the healthcare expenditure and boosting the demand for quality healthcare services in home care settings.

 

Home Healthcare Market 2024

 

The rise in global healthcare expenditure is anticipated to positively reinforce the home healthcare market prospects. In the U.S., as per the 2015, CMS National Healthcare Expenditures (NHE) data, the healthcare expenditure increased from 17.4% to 17.8% of GDP translating into USD 3.2 trillion. The home healthcare segment accounted for over 3% or USD 88.5 billion. Furthermore, the Medicare and Medicaid account for 76% of the home healthcare expenditure, and therefore any changes in the federal healthcare budget is expected to impact the market dynamics over the forecast period.

 

Pricing Analysis

 

“Optimal Price Point (OPP) for Home Healthcare Product/Services”

 

Estimated Average home healthcare product/ service cost – $ xx globally. However, with improving access and availability of options, OPP and range of acceptable Prices (RAP) are going to change. We at Ameri Research continuously track these prices with our proprietary pricing model.

 

Due to the wide range of products, monitoring the pricing data points provides insights about the demand-supply constraints, competitive scenario in different regions. The pricing strategy differs by region based on the macro-economic conditions, healthcare expenditure, manufacturing costs, import/export duties, population demographics and other factors

 

Home Healthcare Market by “Product” & “Service”

 

The home healthcare market by product is segmented as therapeutic, diagnostic and personal mobility assist equipment. The therapeutic equipment category includes products such as, home respiratory equipment, insulin delivery device, home IV pumps, home dialysis equipment, and other therapeutic equipment. the diagnostic category includes products such as BP monitors, multi parameter diagnostic monitors, home pregnancy & fertility kits, apnea and sleep monitors, holter monitors, heart rate maters, and other self-monitoring equipment. The personal mobility assist equipment segment covers products such as Canes, Crutches, Mobility Scooters, Walkers & Rollators, and Wheelchairs.

 

In 2015, therapeutic equipment segment accounted for the maximum share of over 43% due to the high demand for home respiratory equipment, insulin delivery devices and IV pumps. However, the diagnostic equipment category is expected to register the highest CAGR over the forecast period.

 

Regional Segmentation

 

In 2016, North America held the maximum revenue share of over 40% owing to the prevalence of chronic diseases, well-developed reimbursement network, rising healthcare expenditure, growing geriatric population and increasing support for home healthcare services. The high burden on the hospital network is a key constraint for providing long term treatment and therefore, patients are recommended to opt for home care treatment for post-operative care and long-term chronic care.

 

Asia Pacific is anticipated to register the maximum CAGR of over 9% over the forecast period. The high growth is expected due to the growing disease burden, rising awareness about home healthcare products and services, rise in aging population. The high unmet needs in the region coupled with the hospital capacity constraints are significantly boosting the usage rate of home health care products.

 

“Competitive Landscape” and “Merger & Acquisition Insights”

 

The home healthcare market is highly competitive with the presence of several large, medium and small scale enterprises offering a wide range of products and services. To ensure market relevance and gain competitive advantage, manufacturers are trying to acquire companies with specialized or niche portfolio. Some of the major players providing home health services include, Chemed (CHE), Almost Family (AFAM), LHC Group, Lincare Holdings (LNCR), Amedisys (AMED), Gentiva Health Services (GTIV). Some of the leading manufacturers providing the equipment include, GE Healthcare, Medtronic, Cardinal Health Inc., Johnson & Johnson, Intersurgical, Fresenius Kabi, Hill-Rom Holdings and others. The home healthcare provider network is witnessing high M&A activity in the U.S. region. In 2016, there were number of deals executed than in 2015, however the average ticket size has declined.

 

Some of the notable transactions in the recent time include,

  • In 2017, Addus Homecare (ADUS) had acquired Options Home Care, which is a personal care service provider in New Mexico
  • In 2017, LHC Group (LHCG) had formed a joint venture with Baptist Memorial Home Health Care. Baptist is one of the leading not-for-profit healthcare network in with 17 hospitals across North Mississippi, West Tennessee, and East Arkansas
  • In 2017, Canyon Home Care & Hospice had acquired the Hospital Home Healthcare Business of Washington based Island Hospital
  • In 2017, AccentCare, which is a home health and hospice provider across 140 locations in 11 states had acquired Mississippi based Sta-Home Home Health & Hospice

 

Market Segmentation

 

Home Healthcare Market by Product (Revenue, Million, 2014 – 2024)

  • Therapeutic Equipment
    • Home Respiratory Equipment
    • Insulin Delivery Device
    • Home IV Pumps
    • Home Dialysis Equipment
    • Other Therapeutic Equipment
  • Diagnostic Equip Home Respiratory Equipment
    • Diabetic Care Unit
    • BP Monitors
    • Multi Parameter Diagnostic Monitors
    • Home Pregnancy and Fertility Kits
    • Other Self-Monitoring Equipment
    • Apnea and Sleep Monitors
    • Holter Monitors
    • Heart Rate Maters
    • Other
  • Personal Mobility Assist Equipment
    • Crutches
    • Mobility Scooters
    • Walkers & Rollators
    • Wheelchairs
  • Services
    • Rehabilitation Services
    • Unskilled Home Care
    • Respiratory Therapy Services
    • Infusion Therapy Services
    • Telemetry

Home Healthcare Market Regional Outlook (Revenue, USD Million, 20124- 2024)

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
  • Asia Pacific
    • Japan
    • China
    • India
  • Latin America
    • Brazil
    • Mexico
    • Columbia
  • Middle East and Africa
    • South Africa
    • Saudi Arabia

Chapter 1 Methodology and Scope

  • Research Methodology
  • Research Scope & Assumptions
  • List of Data Sources

Chapter 2 Executive Summary

Chapter 3 Home Healthcare Market Overview

  • Global Disease Landscape
  • Global Healthcare Expenditure

Chapter 4 Home Healthcare Market Industry Outlook

  • Market Overview
  • Market Segmentation
  • Market Size and Growth Prospects
  • Leading Brand Dynamics
  • Key Market Drivers
    • Increasing Geriatric Population
    • Growing Costs of Hospital Care
    • Rising Investment in Home healthcare
  • Key Market Challenges
    • Shortage of Trained Professionals
  • Lack of Awareness and Investment in Emerging Countries
  • Key Opportunities Prioritized
  • Industry Analysis - Porter’s
  • Home Healthcare Market-PESTEL Analysis

Chapter 5: - Home Healthcare Market by “Product” (USD Million)

Home Healthcare Market Landscape by Product Type- 2016 & 2024
  • Equipment
    • Therapeutic Equipment
      • Insulin Delivery Device
        • Market Landscape Analysis, 2016-2024 (USD Mn)
      • Home Respiratory Equipment
        • Market Landscape Analysis, 2016-2024 (USD Mn)
      • Home IV Pumps
        • Market Landscape Analysis, 2016-2024 (USD Mn)
      • Home Dialysis Equipment
        • Market Landscape Analysis, 2016-2024 (USD Mn)
      • Other Therapeutic Equipment
        • Market Landscape Analysis, 2016-2024 (USD Mn)
    • Diagnostic Equipment
      • Apnea and Sleep Monitors
        • Market Landscape Analysis, 2016-2024 (USD Mn)
      • Holter Monitors
        • Market Landscape Analysis, 2016-2024 (USD Mn)
      • Diabetic Care Unit
        • Market Landscape Analysis, 2016-2024 (USD Mn)
      • BP Monitors
        • Market Landscape Analysis, 2016-2024 (USD Mn)
      • Multi Parameter Diagnostic Monitors
        • Market Landscape Analysis, 2016-2024 (USD Mn)
      • Heart Rate Maters
        • Market Landscape Analysis, 2016-2024 (USD Mn)
      • Home Pregnancy and Fertility Kits
        • Market Landscape Analysis, 2016-2024 (USD Mn)
      • Other Equipment
        • Market Landscape Analysis, 2016-2024 (USD Mn)
    • Personal Mobility Assist Equipment
      • Rehabilitation Services
        • Market Landscape Analysis, 2016-2024 (USD Mn)
      • Respiratory Therapy Services
        • Market Landscape Analysis, 2016-2024 (USD Mn)
      • Infusion Therapy Services
        • Market Landscape Analysis, 2016-2024 (USD Mn)
      • Telemetry
        • Market Landscape Analysis, 2016-2024 (USD Mn)

Chapter 6: - Home Healthcare Market by “Services” (USD Million)

Home Healthcare Market Landscape by Services Type- 2016 & 2024
  • Rehabilitation Services
    • Market Landscape Analysis, 2016-2024 (USD Mn)
  • Respiratory Therapy Services
    • Market Landscape Analysis, 2016-2024 (USD Mn)
  • Telemetry
    • Market Landscape Analysis, 2016-2024 (USD Mn)
  • Infusion Therapy Services
    • Market Landscape Analysis, 2016-2024 (USD Mn)
  • Unskilled Home Care Services
    • Market Landscape Analysis, 2016-2024 (USD Mn)

Chapter 7: Regional Market Outlook

Home Healthcare Market Landscape by Region- 2016
  • North America Market Landscape Analysis, 2016-2024 (USD Mn)
    • U.S. Market Landscape Analysis, 2016-2024
    • Canada Market Landscape Analysis-2016-2024
  • Europe Market Landscape Analysis, 2016-2024 (USD Mn)
    • UK Market Landscape Analysis, 2016-2024
    • Germany Market Landscape Analysis, 2016-2024
    • France Market Landscape Analysis, 2016-2024
    • Italy Market Landscape Analysis, 2016-2024
    • Spain Market Landscape Analysis, 2016-2024
  • Latin America Market Landscape Analysis, 2016-2024 (USD Mn)
    • Brazil Market Landscape Analysis, 2016-2024
    • Mexico Market Landscape Analysis, 2016-2024
    • Colombia Market Landscape Analysis, 2016-2024
  • Asia pacific Market Landscape Analysis, 2016-2024 (USD Mn)
    • Japan Market Landscape Analysis, 2016-2024
    • China Market Landscape Analysis, 2016-2024
    • India Market Landscape Analysis, 2016-2024
  • Middle East & Africa Market Landscape Analysis, 2014-2024 (USD Mn)
    • Saudi Arabia Market Landscape Analysis, 2014-2024
    • South Africa Market Landscape Analysis, 2014-2024

Chapter 8: Pricing Analysis

Optimal Price Points (OPP), Indifference price points (IPP) and Range of Acceptable Prices and (RAP) of leading brands by Region- 2016
  • North America Pricing Analysis (OPP, IPP, and RAP - 2016)
    • U.S. Pricing Analysis-2016
    • Canada Pricing Analysis-2016
  • Europe Pricing Analysis (OPP, IPP, and RAP - 2016)
    • UK Pricing Analysis-2016
    • Germany Pricing Analysis-2016
    • France Pricing Analysis-2016
    • Italy Pricing Analysis-2016
    • Spain Pricing Analysis-2016
  • Latin America Pricing Analysis (OPP, IPP, and RAP - 2016)
    • Brazil Pricing Analysis-2016
    • Mexico Pricing Analysis-2016
    • Colombia Pricing Analysis-2016
  • Asia Pacific Pricing Analysis (OPP, IPP, and RAP - 2016)
    • Japan Pricing Analysis-2016
    • China Pricing Analysis-2016
    • India Pricing Analysis-2016
  • Middle East Pricing Analysis (OPP, IPP, and RAP - 2016)
    • Saudi Arabia Pricing Analysis-2016
    • South Africa Pricing Analysis-2016

Chapter 9: Home Healthcare Pipeline Analysis

  • Executive Summary
  • Late Stage Pipeline analysis
  • Key R&D trends

Chapter 10: Home Healthcare Merger &Acquisition Outlook

  • Factors driving M&A in home healthcare market
  • Key trends and future outlook

Chapter 11: Competitive Landscape

  • Baxter International Inc.
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Medtronic
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Cardinal Health Inc.
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Roche Diagnostics Corp.
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Arcadia Resources, Inc.
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Cardinal Health Inc.
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Air Liquide
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Arcadia Resources, Inc.
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Bayer Healthcare AG
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Amedisys, Inc.
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Almost Family Inc.
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Braun Melsungen AG
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Air Liquide
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Apria Healthcare Group
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Odyssey Healthcare Inc.
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Becton, Dickinson and Company
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Critical Homecare
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Omron Healthcare, Inc.
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Philips Healthcare
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Linde Healthcare
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Fresenius Kabi
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Intersurgical
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • GE Healthcare
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  List of Tables  
  • TABLE 1 Home Healthcare Market - Industry Snapshot & Key Buying Criteria, 2014 - 2024
  • TABLE 2 Global Home Healthcare Market, 2014 – 2024
  • TABLE 3 Global Home Healthcare Market Analysis by Product-2016
  • TABLE 4 Global Home Healthcare Market Analysis by Technology -2016
  • TABLE 5 Global Home Healthcare Market Analysis by Application-2016
  • TABLE 7 Global Home Healthcare Market Analysis by Geography-2016
  • TABLE 8 Global Home Healthcare Market Analysis by Leading Brands-2016
  • TABLE 9 Home Healthcare Market - Key market driver analysis
  • TABLE 10 Home Healthcare Market - Key market restraint analysis
  • TABLE 11 North America Market Home Healthcare Landscape Analysis, 2016-2024 (USD Mn)
  • TABLE 12U.S. Home Healthcare Market Landscape Analysis, 2016-2024
  • TABLE 13 Canada Home Healthcare Market Landscape Analysis, 2016-2024
  • TABLE 14 Europe Home Healthcare Market Landscape Analysis, 2016-2024 (USD Mn)
  • TABLE 15 U.K Home Healthcare Market Landscape Analysis, 2016-2024
  • TABLE 16 Germany Home Healthcare Market Landscape Analysis, 2016-2024
  • TABLE 17 France Home Healthcare Market Landscape Analysis, 2016-2024
  • TABLE 18 Italy Home Healthcare Market Landscape Analysis, 2016-2024
  • TABLE 19 Spain Home Healthcare Market Landscape Analysis, 2016-2024
  • TABLE 20 Latin America Home Healthcare Market Landscape Analysis, 2016-2024 (USD Mn)
  • TABLE 21 Brazil Home Healthcare Market Landscape Analysis, 2016-2024
  • TABLE 22 Mexico Home Healthcare Market Landscape Analysis, 2016-2024
  • TABLE 20 Colombia Home Healthcare Market Landscape Analysis, 2016-2024
  • TABLE 21 Asia pacific Home Healthcare Market Landscape Analysis, 2016-2024 (USD Mn)
  • TABLE 22 Japan Home Healthcare Market Landscape Analysis, 2016-2024
  • TABLE 23 China Home Healthcare Market Landscape Analysis, 2016-2024
  • TABLE 24 India Home Healthcare Market Landscape Analysis, 2016-2024
  • TABLE 25 North America Pricing Analysis
  • TABLE 26 North America Pricing Analysis (OPP, IPP, and RAP- 2016)
  • TABLE 27 U.S. Pricing Analysis-2016
  • TABLE 28 Canada Pricing Analysis-2016
  • TABLE 29 Europe Pricing Analysis (OPP, IPP, and RAP- 2016)
  • TABLE 30 U.K Pricing Analysis-2016
  • TABLE 31 Germany Pricing Analysis-2016
  • TABLE 32 France Pricing Analysis-2016
  • TABLE 33 Italy Pricing Analysis-2016
  • TABLE 34 Spain Pricing Analysis-2016
  • TABLE 35 Latin America Pricing Analysis (OPP, IPP, and RAP- 2016)
  • TABLE 36 Brazil Pricing Analysis-2016
  • TABLE 37 Mexico Pricing Analysis-2016
  • TABLE 38 Colombia Pricing Analysis-2016
  • TABLE 39 Asia Pacific Pricing Analysis (OPP, IPP, and RAP- 2016)
  • TABLE 40 Japan Pricing Analysis-2016
  • TABLE 41 China Pricing Analysis-2016
  • TABLE 42 India Pricing Analysis-2016
  • TABLE 43 Middle East Pricing Analysis (OPP, IPP, and RAP- 2016)
  • TABLE 44 Saudi Arabia Pricing Analysis-2016
  • TABLE 45 South Africa Pricing Analysis-2016
  List of Figures  
  • 1 Home Healthcare Market Segmentation
  • 2 Market Size & Growth Prospects
  • 3 Leading Brand Dynamics
  • 4 Penetration & Growth Prospects
  • 5 Industry Analysis – Porter’s
  • 6 Home Healthcare Market – PESTEL Analysis
  • 7 Home Healthcare Market Share by Product Type, 2016 & 2024
  • 10 Home Healthcare Market Share by Region, 2016 & 2024

Key Insights Addressed:  

  • Defining market size from 2014 to 2016.
  • Estimating market growth till 2024 and consequence market forecast.
  • Identifying market drivers, restraints & future opportunities and allowing decision-maker with a range of possible outcomes and the probabilities that will occur for any choice of action.
  • Market segments and regions that will drive or lead market growth.
  • Defining Optimal Price Point (OPP) which will be accepted and recommended by maximum customers.
  • A bird’s-eye view of the competitive landscape and the key market players.
  • Key strategic growth driver adopted by market players. In-depth analysis of their strategies and implication on competition & growth.
    Key Findings:    
  • The global Home Healthcare market was valued at $230.7 bn in 2016 and is anticipated to reach over $483.1 bn by 2024.
  • The home healthcare market is anticipated to witness lucrative growth owing to the rising healthcare expenditure, growing prevalence of chronic diseases, shortage of hospital infrastructure, rise in aging population and other factors.
  • The rise in global healthcare expenditure is anticipated to positively reinforce the home healthcare market prospects.
  • The high burden on the hospital network is a key constraint for providing long term treatment and therefore, patients are recommended to opt for home care treatment for post-operative care and long-term chronic care.
  • Some of the major players providing home health services include, Chemed (CHE), Almost Family (AFAM), LHC Group, Lincare Holdings (LNCR), Amedisys (AMED), Gentiva Health Services (GTIV). Some of the leading manufacturers providing the equipment include, GE Healthcare, Medtronic, Cardinal Health Inc., Johnson & Johnson, Intersurgical, Fresenius Kabi, Hill-Rom Holdings and others.

Ameri Research implies a unique methodology of published information and primary research to bring key insights to customer decision making process. Our analytics model helps us to understand the structured and unstructured information from various sources. Key steps involves in the process are as below-

  1. Analyzing Published Information- Access to large pool of paid and unpaid published information via different sources and analyzing market trend.
  2. Setting Foundation- Input from analysis of secondary sources set our foundation to market analysis and helps in setting the scope for further research. Setting the scope involves Ameri Research proprietary statistical model, discussion with industry leaders, internal brainstorming, key discussion pointers from various forums etc.
  3. Need Gap Analysis- Defining the gap between our scope and availability of information.
  4. KOL Panel Discussion- Focused Group Discussion with a structured discussion guide to fine tune the gap and deriving the factors driving/restraining the market trend.
  5. Quantitative Research- Sampling large number of industry players, Education/Research Institutes, Government bodies, NGOs, Individual acclaimed researchers and conducting the primary interview with a structured questionnaire.
  6. Data Triangulation- We apply bottom-up demand approach or top-down estimation or a combined approach to triangulate the data points.
  7. Analyst Comment- Each of our analysts carries large pool of experience from domain perspective and add their value which is directional in nature
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Description

The global Home Healthcare market was valued at $230.7 bn in 2016 and is anticipated to reach over $483.1 bn by 2024.

 

The home healthcare market is anticipated to witness lucrative growth owing to the rising healthcare expenditure, growing prevalence of chronic diseases, shortage of hospital infrastructure, rise in aging population and other factors. Home healthcare enables older people and adults who need long term care to recover from diseases, injuries and for rehabilitation. Home healthcare includes a wide array of product and service portfolio. The out-of-pocket healthcare expenditure and reimbursement play a vital role in market expansion.

 

The increase in geriatric population is one of the prominent factors driving the demand for home healthcare products and services. The countries such as France, UK, Germany, U.S., and Japan are witnessing rapid growth in the number of people aged 65 and above. In the U.S., as per the 2015, Administration of Aging (AoA) estimates, the number of people aged above 65 is anticipated to be over 46.2 million. In UK, as per the Age UK Group estimates, there are over 23.6 million people above 50 years and nearly 11.6 million people are aged above 65. Furthermore, it is estimated that by 2030, the population above 65 is expected to surpass 20 million. Rise in aging population, coupled with the prevalence of chronic diseases in anticipated to boost the demand for long term home health services over the forecast period.

 

The rise in prevalence of chronic diseases is amongst the key factors propelling the market growth. The commonly provided services for patients eligible for home healthcare treatment include, symptom monitoring & management, medication delivery, enabling use of medical equipment, physical therapy, emotional support, personal hygiene, and mobility assistance. The changes in lifestyle habits, genetic disorders, and exposure to various environmental factors is driving the incidence rate of diseases such as cancer, cardiovascular diseases, neurological diseases and others. For instance, as per the U.S. National Cancer Institute in 2016, nearly 1,685,210 new cancer cases will be diagnosed and approximately 595,650 people are anticipated to die due the condition. The most common type of cancer include breast, lung, prostate, melanoma, kidney, and pancreatic cancer. The growing disease burden is increasing the healthcare expenditure and boosting the demand for quality healthcare services in home care settings.

 

Home Healthcare Market 2024

 

The rise in global healthcare expenditure is anticipated to positively reinforce the home healthcare market prospects. In the U.S., as per the 2015, CMS National Healthcare Expenditures (NHE) data, the healthcare expenditure increased from 17.4% to 17.8% of GDP translating into USD 3.2 trillion. The home healthcare segment accounted for over 3% or USD 88.5 billion. Furthermore, the Medicare and Medicaid account for 76% of the home healthcare expenditure, and therefore any changes in the federal healthcare budget is expected to impact the market dynamics over the forecast period.

 

Pricing Analysis

 

“Optimal Price Point (OPP) for Home Healthcare Product/Services”

 

Estimated Average home healthcare product/ service cost – $ xx globally. However, with improving access and availability of options, OPP and range of acceptable Prices (RAP) are going to change. We at Ameri Research continuously track these prices with our proprietary pricing model.

 

Due to the wide range of products, monitoring the pricing data points provides insights about the demand-supply constraints, competitive scenario in different regions. The pricing strategy differs by region based on the macro-economic conditions, healthcare expenditure, manufacturing costs, import/export duties, population demographics and other factors

 

Home Healthcare Market by “Product” & “Service”

 

The home healthcare market by product is segmented as therapeutic, diagnostic and personal mobility assist equipment. The therapeutic equipment category includes products such as, home respiratory equipment, insulin delivery device, home IV pumps, home dialysis equipment, and other therapeutic equipment. the diagnostic category includes products such as BP monitors, multi parameter diagnostic monitors, home pregnancy & fertility kits, apnea and sleep monitors, holter monitors, heart rate maters, and other self-monitoring equipment. The personal mobility assist equipment segment covers products such as Canes, Crutches, Mobility Scooters, Walkers & Rollators, and Wheelchairs.

 

In 2015, therapeutic equipment segment accounted for the maximum share of over 43% due to the high demand for home respiratory equipment, insulin delivery devices and IV pumps. However, the diagnostic equipment category is expected to register the highest CAGR over the forecast period.

 

Regional Segmentation

 

In 2016, North America held the maximum revenue share of over 40% owing to the prevalence of chronic diseases, well-developed reimbursement network, rising healthcare expenditure, growing geriatric population and increasing support for home healthcare services. The high burden on the hospital network is a key constraint for providing long term treatment and therefore, patients are recommended to opt for home care treatment for post-operative care and long-term chronic care.

 

Asia Pacific is anticipated to register the maximum CAGR of over 9% over the forecast period. The high growth is expected due to the growing disease burden, rising awareness about home healthcare products and services, rise in aging population. The high unmet needs in the region coupled with the hospital capacity constraints are significantly boosting the usage rate of home health care products.

 

“Competitive Landscape” and “Merger & Acquisition Insights”

 

The home healthcare market is highly competitive with the presence of several large, medium and small scale enterprises offering a wide range of products and services. To ensure market relevance and gain competitive advantage, manufacturers are trying to acquire companies with specialized or niche portfolio. Some of the major players providing home health services include, Chemed (CHE), Almost Family (AFAM), LHC Group, Lincare Holdings (LNCR), Amedisys (AMED), Gentiva Health Services (GTIV). Some of the leading manufacturers providing the equipment include, GE Healthcare, Medtronic, Cardinal Health Inc., Johnson & Johnson, Intersurgical, Fresenius Kabi, Hill-Rom Holdings and others. The home healthcare provider network is witnessing high M&A activity in the U.S. region. In 2016, there were number of deals executed than in 2015, however the average ticket size has declined.

 

Some of the notable transactions in the recent time include,

  • In 2017, Addus Homecare (ADUS) had acquired Options Home Care, which is a personal care service provider in New Mexico
  • In 2017, LHC Group (LHCG) had formed a joint venture with Baptist Memorial Home Health Care. Baptist is one of the leading not-for-profit healthcare network in with 17 hospitals across North Mississippi, West Tennessee, and East Arkansas
  • In 2017, Canyon Home Care & Hospice had acquired the Hospital Home Healthcare Business of Washington based Island Hospital
  • In 2017, AccentCare, which is a home health and hospice provider across 140 locations in 11 states had acquired Mississippi based Sta-Home Home Health & Hospice

 

Market Segmentation

 

Home Healthcare Market by Product (Revenue, Million, 2014 – 2024)

  • Therapeutic Equipment
    • Home Respiratory Equipment
    • Insulin Delivery Device
    • Home IV Pumps
    • Home Dialysis Equipment
    • Other Therapeutic Equipment
  • Diagnostic Equip Home Respiratory Equipment
    • Diabetic Care Unit
    • BP Monitors
    • Multi Parameter Diagnostic Monitors
    • Home Pregnancy and Fertility Kits
    • Other Self-Monitoring Equipment
    • Apnea and Sleep Monitors
    • Holter Monitors
    • Heart Rate Maters
    • Other
  • Personal Mobility Assist Equipment
    • Crutches
    • Mobility Scooters
    • Walkers & Rollators
    • Wheelchairs
  • Services
    • Rehabilitation Services
    • Unskilled Home Care
    • Respiratory Therapy Services
    • Infusion Therapy Services
    • Telemetry

Home Healthcare Market Regional Outlook (Revenue, USD Million, 20124- 2024)

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
  • Asia Pacific
    • Japan
    • China
    • India
  • Latin America
    • Brazil
    • Mexico
    • Columbia
  • Middle East and Africa
    • South Africa
    • Saudi Arabia

Additional information

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