Latest Industry study on Contract Research Organizations , Industry Global North America Home Healthcare Market Analys

Global North America Home Healthcare Market Analysis by Device Type (Diagnostics & Monitoring
Devices, Therapeutic Healthcare Devices, Mobility Assist Devices & Medical Supplies); by Services
(Rehabilitation, Telehealth & Telemedicine, Respiratory Therapy, Infusion Therapy and Unskilled
Services); by Country (U.S, Canada, Mexico, and Rest of North America)
Home healthcare provides care to homebound individuals who are ill, injured and this requires skilled
nursing services. Governments have encouraged these services due to the benefits of this service like to
provide skilled services to treat a patient-2019s illness or injury for a finite and predictable period of
time. Technological advancements in various healthcare products, increasing awareness on home
healthcare coupled with the factors such as rising aging population and increasing chronic diseases are
enhancing the market growth.
North American home healthcare is significantly influenced by Federal policies specifically Medicare. The
market has been witnessing significant growth over the past few years owing to rise of older age group
population and people with disabilities. Home healthcare being one of the cost effectiveness solutions
for delivering care, there is growing interest for these services among older Americans and people with
disabilities, thus resulting for demand of home healthcare market.
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Home healthcare services are gaining momentum in the recent years especially in the emerging
economies of North American region owing to the spreading awareness from the developed economies
such as U.S. and Canada. Home healthcare services are helping baby boomers of North American region
with activities of daily living including bathing, dressing, and eating and also in assistance during cooking,
cleaning, other housekeeping, and monitoring one-2019s medication routine. As per WHO publications,
world-2019s population with age of over 60 years will be doubled from 12% to 22% by 2050 out of
which U.S. accounts for over 20% of the total population of age 65 years and above.
Moreover, growing awareness among consumers coupled with the significant rise in population
diagnosed with chronic diseases such as diabetes cardiac disorders and respiratory diseases, the
demand for home healthcare market is growing and the trend is likely to continue during the next
decade and thereby boosts the market growth during forecast period. However, changing
reimbursement policies and limited insurance coverage is among the significant challenges which are
likely to be faced by the North American economies during the growth of home healthcare market in the
coming years. Moreover, patient safety concerns are among the other factors that may hinder market
growth. Home care setting is likely to possess household-related hazards such as lead paint, toxic
substances, and poor indoor air quality. This could result in the spreading of nosocomial infections,
medication errors, development of resistant organisms, and others.
Top 10 Players Genomics Market Overview:
Abbott Laboratories,