Home Healthcare Industry

‘Home healthcare’ is a termed used for the wide range of medical and healthcare services or supportive care provided in the home for treating injury or any illness. Home healthcare is considered to be more convenient, effective, and less expensive as compared to the services provided in hospitals or nursing facilities. Home healthcare facilities are generally provided by professional caregivers who assist in meeting activities of daily living (ADLs) or by licensed healthcare professionals who are certified to provide daily healthcare assistance at home. Home healthcare is often used to distinguish on-site home medical services from services such as private duty care, custodial care, and non-medical care.

Any healthcare service that is provided by a licensed medical practitioner at a patient’s home can be termed as home healthcare. Home healthcare includes services that are meant to help pediatric clients, old age people, and adults who are the process of recovery after a facility or hospital stay or need support to avoid hospitalization and recover safely at home. These home healthcare and medicare certified services are likely to include assistive home healthcare services, therapeutic services, rehabilitative services, and short-term nursing services.

The people who provide home healthcare services are medical social workers, home health aides, speech language pathologists, occupational therapists, physical therapists, licensed practical nurses, and registered nurses. The prime segment of home healthcare is primarily considered to be the segment of unlicensed and licensed non-medical personnel which includes caregivers as well. Due to the development in home healthcare services, the average age of the population across the world has significantly increased. To aid the deployment of more home healthcare services, governments across the world are focusing on raising more funds and investments. Insurance companies are also providing funds to home healthcare service providers to develop it as a healthcare service as a substitute for facility care.

The rise in the global geriatric population is one of the key factors driving the demand for home healthcare services. Moreover, the growing cases of chronic diseases coupled with rising cost of healthcare and the need for treatments that is affordable are likely to augment the deployment of home healthcare services on a large scale. Technological advancements taking place in the field of developing high-end home healthcare equipment and products, and newer initiatives from government and non-government organizations are expected to further aid in the progress of the overall home healthcare industry globally.

However, factors such as concerns regarding patient safety, restricted insurance coverage, and change in reimbursement policies are likely to pose a threat in the adoption of various home healthcare services. Lack of home care personnel is further expected to negatively impact the growth of the home healthcare industry across the globe. Market players operating in various segments of the home healthcare industry are expected to gain lucrative growth opportunities from the untapped markets in developing regions and the burgeoning trend of telehealth.

QYResearchReports.com has a repository of several reports under the home healthcare category covering the global and regional scenario of the home healthcare sector in various segments. The reports present a comprehensive overview of the home healthcare market. Furthermore, it lays emphasis on the various opportunities, driver, and restraints prevalent in the market. The reports cover home healthcare markets of Asia Pacific, Europe, and North America. The reports also present an in-depth analysis of the key segments in the niche markets. The leading companies operating in various segments of the home healthcare market have also been analyzed in the report based on presentation, products, services, and customer policies.

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