The North America Home Healthcare Market would witness market growth of 7.1% CAGR during the forecast period (2022-2028).
Home health care services enable individuals of all ages to recuperate at home instead of being sent to the hospital or placed in a skilled nursing facility while they are recuperating from an illness, surgery, or accident. People with physical or mental impairments may get help from home health care so they can live independently and avoid institutionalization or long-term care. Patients with chronic illnesses may maintain their freedom in the comfort of their own homes by receiving help managing their ailments at home.
Patients who have just had surgery may remain to recuperate while getting support services to care for bandages, finish an antibiotic course, and restore their strength in the convenience of their own homes. Children and adolescents may also benefit from home care services to recuperate from sickness or injury or to get help with everyday tasks.
Home care services may be provided to babies, kids, and teens who are at risk in order to prevent placement in foster care or institutions. People are able to maintain ties to their loved ones, neighborhood, community, and places of religion when supporting services are provided in their homes. A person may maintain their highest level of independence by staying at home. Being accompanied by the people and things that are important to the patient is beneficial. This supports their well-being, upholds their dignity, and keeps the family together.
According to the Public Health Agency of Canada, there are over 3 million individuals in Canada who have diabetes, and 200,000 new cases are identified each year. It affects health care systems and presents several difficulties, including major consequences and early mortality for persons who have diabetes. Additionally, a significant portion of these individuals have high discretionary money and want to get superior treatment in the comfort of their homes. This has led to a significant increase in demand for home healthcare, which is assisting the market growth in North America.
The US market dominated the North America Home Healthcare Market by Country in 2021; thereby, achieving a market value of $106,688.3 million by 2028. The Canada market is experiencing a CAGR of 9.5% during (2022 - 2028). Additionally, The Mexico market would exhibit a CAGR of 8.6% during (2022 - 2028).
Based on Type, the market is segmented into Services and Product. Based on Services Type, the market is segmented into Skilled Nursing, Rehabilitation Therapy, Hospice & Palliative Care, Unskilled Care, Respiratory Therapy, Infusion Therapy and Pregnancy Care. Based on Product Type, the market is segmented into Therapeutic Products, Testing, Screening, & Monitoring Products and Mobility Care Products. Based on Indication, the market is segmented into Cancer & Other Indications, Respiratory Diseases, Wound Care, Pregnancy, Movement Disorders, Hearing Disorders, Cardiovascular Diseases & Hypertension and Diabetes. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Home Healthcare Market is Estimated to reach $405.6 Billion by 2028, at a CAGR of 8.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Amedisys, Inc., LHC Group, Inc., ResMed, Inc., Omron Corporation, Abbott Laboratories, Invacare Corporation, Linde PLC, A&D HOLON Holdings Company, Limited, Fresenius SE & Co. KGaA and F. Hoffmann-La Roche Ltd.
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