Dublin, April 30, 2021 (GLOBE NEWSWIRE) -- The "Global Home Healthcare Market: Analysis and Forecast, 2020-2025" report has been added to ResearchAndMarkets.com's offering.
The global home healthcare market is projected to reach $214.98 billion by 2025
The market for home healthcare has grown significantly over the years. Furthermore, the development of connected medical devices and software has propelled the growth of the field. Moreover, the COVID-19 pandemic has played a key role in changing the perception of home healthcare, especially in emerging economies such as India.
The study indicates that the global home healthcare market has witnessed significant growth in the past few decades, owing to adoption of mhealth technology. Furthermore, advancement in wearable technology for monitoring of novel vital signs; rise of the Internet of Medical Things (IoMT); evolution of remote monitoring solutions for the treatment of patients in an economical and efficient way; and the launch of products for wide range of applications are some of the prominent factors expected to propel the growth of the home healthcare market in the upcoming years.
The study highlights the various emerging opportunities, such as technological advancements in the home healthcare and regional expansion and increasing business collaborations for home healthcare in emerging economies.
Additionally, the market intelligence report throws a spotlight on the readiness index, technology adoption curve, key payment models, business models, regulatory landscape, patent scenario, and product pipeline for global home healthcare market.
To gain a holistic view of the market, data from different segments of the market has been analyzed minutely. These segments include products, end user, and countries.
The product segment of the global market includes analysis of different types of products such as monitoring devices, health maintenance & promotion devices, diagnostic devices, IT & software, and services (SaaS).
The COVID-19 pandemic is transforming the mode of delivery of healthcare across countries. Both emerging and developed countries have witnessed accelerated growth in the adoption of telehealth services. The pandemic is expected to leave a long-term impact on the global healthcare industry, ushering in a new healthcare paradigm for the masses.
Apart from the accelerated growth due to the COVID-19 pandemic, the home healthcare market has been witnessing increasing activity and innovation from new market entrants. Most of the new features in connected devices are AI-powered and designed for personalized user experience. The increasing level of competition is expected to pave way for further innovation in terms of business model, services, device features, and user experience.
Key Topics Covered:
Features and Benefits
One-Time Payment Model (Direct-to-Consumer)
Subsidized Cost Model
Clinician-to-Patient Tele-Health Services
Key Payment Models
Future Potential and New Business Opportunities for Integrated Home Healthcare and Promotion
Short-Term Potential and Opportunities
Medium-Term Potential and Opportunities
Long-Term Potential and Opportunities
Return on Investment Analysis: Break-Even Analysis
Key Success Factors
Global Home Healthcare Market Scenario
Connected Health, Internet of Medical Things, and Home Healthcare
Home Healthcare Value Assessment
Global Home Healthcare Market: COVID-19 Impact
Rise of Healthcare Consumerism
Growth in Adoption of mHealth
Advances in Wearable Technology
Remote Monitoring Enabling Anything-as-a-Service
Connected Devices Causing a Paradigm Shift in the Medtech Landscape
Increase in the Number of Regional Startups
Challenges and Restraints
Lack of Insurance Coverage for Home Healthcare Services
Patient Preferences and Prejudice Hampering Adoption Rate
Lack of Well-Defined Regulations
Introducing More Home Healthcare Products in the Middle East
Entry of Sensor Technology Providers in the Fever Detection Segment
Expanding into the Untapped Markets in Africa and the Asia-Pacific Region
Home Healthcare Service
Adoption of the Device-as-a-Service (DaaS) Business Model
Specialized Home Healthcare Services by Large Hospital Chains
Development of Specialized Services for COVID-19 Patients
Synergies Between Healthcare and Non-Healthcare Companies
Synergies to Meet the Demand for Multiple Third-Party Software Integration
Global Home Healthcare Market (by Product)
Health Maintenance and Promotion Devices
IT and Software
Services (Including SaaS)
Changing Healthcare Landscape in India: Increase in the Number of At-Home Service Providers
Connected Hearing Aids: User and Clinician Perspectives
Internet of Medical Things (IoMT) and Its Impact on Healthcare
Alphabet Inc. (Parent Company of Google, LLC)
Demant (Parent Company of Oticon)
HK Smartmv Limited (Mobvoi)
Huawei Technologies Co. Ltd.
Koninklijke Philips N.V.
Samsung Electronics Co. Ltd.
Sonova Holding AG
Academic and Research Institutions Snapshot
Aristotle University of Thessaloniki
Italian Institute of Telemedicine
Keio University School of Medicine
University of Pittsburgh
Nanjing University of Chinese Medicine
University of Utah College of Pharmacy
University of California Irvine
The University of Melbourne
University of Florida
Agatsa Software Pvt. Ltd.
Hangzhou Bangtang Network Technology Co. Ltd. (Bongmi)
Kallows Engineering India Pvt. Ltd.
Bayada Home Health Care
Jindagi Live (Jindagi Live Akshay Foundation is the Philanthropic Arm)
National Church Residences
Providence St. Joseph Health
Trinity Health (Parent Organization of Trinity Health at Home)
Victorian Order of Nurses (VON) Canada
Visiting Nurse Service of New York (VNSNY)
VC and Investment
First Round Capital
Intel Corporation (Parent Company of Intel Capital)
KPN (KPN Ventures is the Venture Capital Investment Arm of KPN)
Techstars Central LLC
Mitsui & Co. Ltd.
Wells Fargo & Company (Parent Company of Norwest Venture Partners)
WP Global Partners LLC
Opportunity and Future Potential
Market Entry Strategy
For more information about this report visit https://www.researchandmarkets.com/r/t5moyh
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