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Global Home Healthcare Market to Reach $214.98 billion by 2030

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bisresearch reports
Global Home Healthcare Market to Reach $214.98 billion by 2030

The global home healthcare market is projected to reach $214.98 billion by 2025, reveals the premium market intelligence study by BIS Research. The study also highlights that the market is set to witness a CAGR of 8.54% between 2021 and 2025. 


BIS Research 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. 


Analyst’s take on the market

To emphasize the impact of COVID-19 on the global home healthcare market, Shipra Jain, Senior Research Analyst – BIS Research, states, "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 companies operating in the market

Leading companies, market participants, and vendors operating in the market, include Apple, Inc, Alphabet, Inc., Demant, Fitbit, Inc., Garmin Ltd, HK Smartmv Limited, Huami Corporation, Huawei Technologies Co., Ltd., Koninklijke Philips N.V., Omron Corporation, ResMed, Samsung Electronics Co., Ltd., Sonova Holding AG, Withings, Xiaomi Corporation, among others.


Who should buy this report? 

• Home healthcare manufacturers (emerging and established) to gain a holistic view about the market potential of various devices and software and the developing economies for business expansions.

• Established healthcare companies that are integrating AI in their research and development activities (R&D), have completed a synergistic activity for entering in the market.

• Established technology companies to gain insights about the market potential, market entry strategies, new technologies in the market, and key competitors.


How can market intelligence on home healthcare market add value to your business’s decision-making process?

• Aid in product development.

• Aid in understanding the pricing scenario of the products.

• Aid in understanding the regulatory scenario of the market in different regions.

• Aid in understanding the patent trend of the market.

• Help in targeting a segment for launching a new product.

• Aid in understanding market potential of different technologies.

• Aid in understanding the end-user requirement.

• Support in analyzing the market opportunities.

• Insights on the key companies in the market.


View the Report from BIS Research at Global Home Healthcare Market


Scope of the Global Home Healthcare Market Report:

• Global trends 

• COVID-19 impact analysis 

• Available products, and end user segments and respective sub-divisions influencing the market 

• Study of more than 150 products present in the market.

• Detailed competitive landscape

• Technology development scenario.

• Detailed market share analysis

• Study data of over 15 countries

• Future perspective of the market

• Growth factors

• Market challenges / restraints

• Detailed market segmentation


The market intelligence report on home healthcare market also highlights that the consumer preference for connected devices has been increasing in the past few years, mainly due to advances in wearable technology. Devices and gadgets such as smartwatches, bands, and skin patches have witnessed increased adoption in developed and emerging economies alike.


Also, some of the key technologies that are expected to have a strong impact on the transformation of the global home healthcare market during 2020-2025 include cloud-based smart home environments, virtual reality, 5G technology, and AI-powered health ecosystems.


Download Report Sample: https://bisresearch.com/requestsample?id=1105&type=download


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