Europe Home Healthcare Market
No. of Pages: 169 | Report Code: TIPRE00023453 | Category: Life Sciences
No. of Pages: 169 | Report Code: TIPRE00023453 | Category: Life Sciences
Home healthcare market includes a wide range of healthcare services for illness in homecare settings. The goal of home healthcare is to treat injury and improve health outcomes for the patient. These services are more convenient and less expensive and are efficient for chronic diseases, elderly population, nutrition therapy and serious illness of the patient.
Strategic insights for the Europe Home Healthcare provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 99,236.36 Million |
| Market Size by 2028 | US$ 176,618.77 Million |
| Global CAGR (2021 - 2028) | 8.6% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Product Type
|
| Regions and Countries Covered | Europe
|
| Market leaders and key company profiles |
The geographic scope of the Europe Home Healthcare refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The Europe home healthcare market is expected to reach US$ 176,618.77 million by 2028 from US$ 99,236.36 million in 2021; it is estimated to grow at a CAGR of 8.6% from 2021 to 2028. The growth of the market in Europe is attributed to the surging preference for home healthcare settings among patients and care providers, and rising focus on telehealth. However, limited insurance coverage and patient safety concerns are obstructing the market growth to a certain extent.
Home healthcare encompasses a wide range of healthcare services provided for managing illnesses at home. Growing support from the government to encourage establishment of home care settings by encouraging the launch of product required for home care settings are the prominent factors supporting the growth of the home healthcare market in North America. Countries such as the UK and Germany have been supporting the hospital-at-home programs that provide flexibility to hospitals to provide patients with hospital-level care in their homes. Moreover, the home care setting industry has experienced a rise due to various product launches, collaborations, and innovations by the market players. Therefore, such strategies by the market players are likely to accelerate the market growth in the coming years. Health systems in European countries are adopting telehealth as a tool to extend care at homes to achieve improved outcomes at reduced costs. This is likely to encourage the introduction of more portable and affordable home healthcare devices. Apart from this, increasing partnerships among service providers is further propelling 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 Europe 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.
Strategic insights for the Europe Home Healthcare provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market. The geographic scope of the Europe Home Healthcare refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
Get more information on this report Europe Home Healthcare Strategic Insights
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Report Attribute
Details
Market size in 2021
US$ 99,236.36 Million
Market Size by 2028
US$ 176,618.77 Million
Global CAGR (2021 - 2028)
8.6%
Historical Data
2019-2020
Forecast period
2022-2028
Segments Covered
By Product Type
By Indication
By Service
Regions and Countries Covered
Europe
Market leaders and key company profiles
Get more information on this report Europe Home Healthcare Regional Insights
Get more information on this report
The Europe home healthcare market, by product type, is segmented into therapeutic, diagnostic, and mobility assist. The therapeutic segment held the largest share of the market in 2020. However, the diagnostic segment is anticipated to register the highest CAGR in the market during the forecast period.
The Europe home healthcare market, by indication, is segmented into cancer, respiratory diseases, mobility disorders, cardiovascular disorders, pregnancy, wound care, diabetes, and other indications. The cancer segment held the largest share of the market in 2020. However, the mobility disorders segment is anticipated to register the highest CAGR in the market during the forecast period.
The Europe home healthcare market, by service, is segmented into skilled nursing, rehabilitation therapy, hospice and palliative care, unskilled care, respiratory therapy, infusion therapy, and pregnancy care. The skilled nursing segment held the largest share of the market in 2020. Further, the hospice and palliative care segment is anticipated to register the highest CAGR in the market during the forecast period.
A few of the primary and secondary sources associated with this report on the Europe home healthcare market are the Office for National Statistics (ONS), European Union (EU) and Scientific Institutes for Research, Hospitalization, and Care (IRCCS).
The Europe Home Healthcare Market is valued at US$ 99,236.36 Million in 2021, it is projected to reach US$ 176,618.77 Million by 2028.
As per our report Europe Home Healthcare Market, the market size is valued at US$ 99,236.36 Million in 2021, projecting it to reach US$ 176,618.77 Million by 2028. This translates to a CAGR of approximately 8.6% during the forecast period.
The Europe Home Healthcare Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Home Healthcare Market report:
The Europe Home Healthcare Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Home Healthcare Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Home Healthcare Market value chain can benefit from the information contained in a comprehensive market report.
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