Infinium Global Research Home Healthcare Market | Page 8

Home Healthcare Market: Global Industry Analysis, Trends, Market Size and Forecasts up to
2023
The market size of home healthcare market is determined based on the top down
approach. The market size is validated using primary interview with the participants
working in some of the leading players in the home healthcare market. The primary
interview participants typically include managers and CXO level executives of the leading
players in this market. The primary interviews not only help identify the market size of the
home healthcare marketbut also identify the factors that promote the growth in the market
and the factors that restrain the growth in this market. The views of primary respondents
were reconciled to provide qualitative analysis of the home healthcare market. The primary
respondents also help identifying top 5-10 players and their possible market share in the
respective country markets and in world market. The bottom-up approach is used to
validate the global market size of telemedicine. With the help of primary interviews and
secondary research the market size of telemedicine is determined for each country studied,
which then is added to arrive at the regional market size and thereby obtaining global
market size. This in turn helps us to validate the market size of telemedicine in the world
market.
Executive Summary
Global Home Healthcare Market Highlights, (USD Million)
The global home healthcare market is expected to grow at a CAGR of 9.8 % between 2017
and 2023 in terms of value.Home healthcare is reflected as the most multipurpose
technology available they provide treatment and regular support to pateins at home.Home
health care is cost effective solution for the victims that may be affected by any disorder. It
also helps in decreasing emergency room visit and hospitalization rate, thusaugmenting the
market growth. Increasing elderly population is one of the key driver for the growth of
market. As per the World Health Organization’s estimations, the elderly population is
anticipated to be more than double from 7.0% to 16.0% in 2050.Home healthcare is a wide
range of medical solutions, products and services, which provide health monitoring,
treatment and regular support to patients at home. Home healthcare is generally less
expensive, more convenient than and as effective as care you receive in a hospital or
nursing home. Primary factors driving this market include rise in base of geriatric
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