South and Central America Home Healthcare Market

Market Introduction

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.

South and Central America Home Healthcare Strategic Insights

Strategic insights for the South and Central America 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.

South and Central America Home Healthcare Report Scope

South and Central America Home Healthcare Regional Insights

The geographic scope of the South and Central America 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 South and Central America home healthcare market is expected to reach US$ 29,093.70 million by 2028 from US$ 17,046.13 million in 2021; it is estimated to grow at a CAGR of 8.9% from 2021 to 2028. The market growth is attributed to increasing prevalence of cancer and other chronic diseases, growing geriatric population in the region, and increasing preference for home healthcare settings. However, limited insurance coverage and patient safety concerns are limit the growth of the South and Central America home healthcare market growth to a certain extent.

The scope of home healthcare includes a wide range of healthcare services for managing illness at home. Developments in the medical device industry are also contributing to the home healthcare market growth. As per the World Health Organization (WHO), over 50% of the global population is estimated to be suffering from at least one chronic disease. 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 South and Central America countries such as Brazil and Argentina have been supporting hospital-at-home programs that confer flexibility to hospitals to provide their patients with hospital-level care in their homes. Moreover, various strategies adopted by the home care setting industry players, including product launches, collaborations, and innovations, are accelerating the market growth.

The COVID?19 pandemic is challenging the already overburdened and underfunded public healthcare systems of South and Central America. State-run hospitals and clinics are already overstressed by the treatment of vector?borne diseases and community?acquired infections as well as by the high rates of noncommunicable diseases (NCDs). As per the Pan American Health Organization (PAHO), the NCD prevention and treatment efforts have been critically affected since the onset of the COVID-19 in the region. Moreover, lack of investments in public healthcare systems are adding to the difficulties of the healthcare systems in South and Central American countries. Thus, the factors mentioned above are negatively impacting the growth of the home healthcare market in the region.

Key Market Segments

The South and Central America 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. Further, the diagnostic segment is anticipated to register the highest CAGR in the market during the forecast period.

The South and Central America 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 South and Central America 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. On the other hand, the hospice and palliative care segment is anticipated to register the highest CAGR in the market during the forecast period.

Major Sources and Companies Listed

A few of the primary and secondary sources associated with this report on the South and Central America home healthcare market are the American Society for Gastrointestinal Endoscopy (ASGE), InterAmerican Heart Foundation (FIC), and Federation of Hospitals, Clinics and Laboratories of the State of Sao Paulo (FEHOESP).

Reasons to buy the report

• Determine prospective investment areas based on a detailed trend analysis of South and Central America home healthcare market over the next years.
• Gain an in-depth understanding of the underlying factors driving demand for different addictions therapeutics segments in the top spending countries and identify the opportunities offered by each of them.
• Strengthen your knowledge of the market in terms of demand drivers, industry trends, and the latest technological developments, among others.
• Identify the major channels driving the South and Central America home healthcare market, providing a clear picture of future opportunities that will help analyze, resulting in revenue expansion.
• Channelize resources by focusing on the ongoing programs undertaken by the different countries within the South and Central America home healthcare market.

SOUTH AND CENTRAL AMERICA HOME HEALTHCARE MARKET SEGMENTATION

By Product Type

• Therapeutic
• Diagnostic
• Mobility assist

By

Indication

• Cancer
• Respiratory Diseases
• Cardiovascular Disorders
• Mobility Disorders
• Wound Care
• Diabetes
• Pregnancy
• Other Indications

By Service

• Skilled Nursing
• Rehabilitation Therapy
• Hospice and Palliative Care
• Unskilled Care
• Respiratory Therapy
• Infusion Therapy
• Pregnancy Care

By Country

• Brazil
• Argentina
• Rest of South and Central America

Company Profiles

• Fresenius SE & Co. KGaA
• General Electric Company
• LINDE
• F. HOFFMANN-LA ROCHE LTD
• A&D Company, Limited