The Business Market Insights provides you regional research analysis on “North America Home Healthcare Market” and forecast to 2027. The research report provides deep insights into the regional market revenue, parent market trends, macro-economic indicators, and governing factors, along with market attractiveness per market segment. The report provides an overview of the growth rate of the North America Home Healthcare Market during the forecast period, i.e., 2020–2027.
The North America home healthcare market is expected to reach US$ 246,889.35 million by 2028 from US$ 134,836.10 million in 2021; it is estimated to grow at a CAGR of 9.0% from 2021 to 2028.
The growth of the market is attributed to the increasing prevalence of cancer and other chronic diseases, development in the medical device industry, and increasing home healthcare settings due to growing geriatric population in the region. However, limited insurance coverage and patient safety concerns are obstructing the growth of the market.
As COVID-19 continues to burden health care institutions, the preference for home-based care is growing at a rapid pace. The COVID-19 pandemic has a mixed impact on the North America home healthcare market. It is boosting the adoption of home healthcare monitoring products such as blood glucose monitors, blood pressure monitors, pulse oximeters, and temperature monitors. However, many other companies and service providers have experienced decline in sales due to the discontinuation of manufacturing operations and disruption of supply chains. However, this downturn in is expected to continue for a short term, as the business are gradually picking pace post lockdown. Also, increasing collaborative efforts between service providers is offering lucrative opportunities for the market growth. The pandemic has encouraged trends favoring home care as an alternative to frequent hospital visits.
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The report profiles the key players in the industry, along with a detailed analysis of their individual positions against the regional landscape. The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the North America Home Healthcare Market. The researcher provides an extensive analysis of the North America Home Healthcare Market size, share, trends, overall earnings, gross revenue, and profit margin to accurately draw a forecast and provide expert insights to investors to keep them updated with the trends in the market.
Major Key players covered in this report:
- Fresenius SE & Co. KGaA
- General Electric Company
- F. HOFFMANN-LA ROCHE LTD
- A&D Company, Limited
- LHC Group, Inc.
- BAYADA Home Health Care
- Invacare Corporation
- Abbott Care
The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the North America Home Healthcare Market. Further, the report conducts an intricate examination of drivers and restraints operating in the market. The report also evaluates the trends observed in the parent market, along with the macro-economic indicators, prevailing factors, and market appeal with regard to different segments. The report predicts the influence of different industry aspects on the North America Home Healthcare Market segments and regions.
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The research on the North America Home Healthcare Market focuses on mining out valuable data on investment pockets, growth opportunities, and major market vendors to help clients understand their competitor’s methodologies. The research also segments the North America Home Healthcare Market on the basis of end user, product type, application, and demography for the forecast period 2020–2027. Comprehensive analysis of critical aspects such as impacting factors and competitive landscape are showcased with the help of vital resources, such as charts, tables, and infographics.
This report strategically examines the micro-markets and sheds light on the impact of technology upgrades on the performance of the North America Home Healthcare Market.
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