The home health care providers offer services to adults, seniors, and pediatric clients who are recovering after a hospital or facility stay, or need additional support to stay at home. Home health care is usually less expensive, more convenient, and provide services similar to skilled nursing facilities in hospital. These services include feeding, health aid services, personal care, physical therapy and other basic assistance services.
Home Health Care Providers Global Market Size
The global home health care providers market was valued at $373.6 billion in 2017. North America was the largest geographic region accounting for 42% of the global market. The USA was the largest country accounting for 36% of the global home health care providers market.
Home Health Care Providers Global Market Trend
Home health care providers are accessing latest technologies in order to improve care while lowering costs. This include wearable technologies used in combination with GPS to afford a patient more mobility and provide the caregiver constant information on the patient’s condition. And virtual assistant devices are integrated to allow the patients to perform routine tasks with live streaming video chats. There are many other technologies such as wireless security, remote doctor visits, medication monitoring and artificial intelligence increasing their presence in homecare services. St. Jude Medical Inc. announced results in 2015 showing that patients with cardiac devices who use remote medical monitoring required fewer hospitalizations and lower medical costs compared with patients who did not have this technology at home.
The companies covered are Apria Healthcare Group Inc, Chemed Corp., Children’s Healthcare of Atlanta, Gentiva Health Services, and New York Health Care.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
Home Health Care Providers Global Market Segmentation
The home health care providers market is segmented into Home Health Care Agencies; Visiting Nurses; In-Home Hospice Care Services.
Home Health Care Agencies comprises agencies primarily engaged in providing healthcare services at a customers home. The services may include personal care services, homemaker and companion services, dietary and nutritional services, speech therapy and audiology.
Visiting Nurses comprises establishments primarily engaged in providing skilled nursing services in the home. The visiting nurses are available upon call.
In-Home Hospice Care Services comprises establishments primarily engaged in providing hospice care in the home. This industry includes personal care services, counselling, occupational and vocational therapy.