Pharma and Healthcare Home Healthcare Market | Page 2

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Home Healthcare Market To Reach USD 482.97 Billion By 2026
Increasing number of lifestyle disorders and chronic diseases across the world, along with high levels
of medical development across the globe will drive the market at a high CAGR during the forecast
period.
Market Size- USD 260.95 Billion in 2018, Market Growth- CAGR of 7.9%, Market trends- rise in chronic
diseases worldwide is boosting the global home healthcare market, Asia Pacific expected to register
the highest CAGR during the forecast period
According to the current analysis of Reports and Data, the global home healthcare market was valued
at USD 260.95 Billion in 2018 and is expected to reach USD 482.97 Billion by year 2026, at a CAGR of
7.9%. The market for home healthcare is growing out of critical customer needs. Not common a few
years back and still unheard in many small towns of the world, this is an industry that has grown from
its nascent to the advanced stages very rapidly. Home healthcare as a market can be divided into
several segments and sub-segments today. It includes services ranging from unskilled care to skilled
nursing. The product range is also very wide, and so is the scope and need for specializations.
Increasing pediatric healthcare need and a growing geriatric population worldwide are the very key
industry drivers. Worldwide population older than 60 years is estimated be around 2 Billion which
might lead to increasing chronic diseases being diagnosed which evolve the demand for diagnostics
such as imaging diagnostics as well as mobility care products will show rise in demand. Home
healthcare is more cost effective than establishing hospitals. It has a ready and growing demand
today. North American region is the industry leader today, due to advanced technologies in
healthcare such as AI in healthcare IT, diagnostic apps such as mHealth application, high level of
healthcare spending and policies for backing up the costly therapies or treatment; while Asia Pacific is
expected to witness the highest CAGR in the coming years.
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