(Australia-NewsWire.Com, October 14, 2018 ) Overview: Home Healthcare offers a wide range of healthcare services given from home for the treatment of disease or injury. These services are usually more helpful, less expensive, more convenient, and much effective as care given in a hospital or skilled nursing facility. Home Healthcare includes skilled nursing care, physical therapy, occupational therapy and speech and respiratory therapy.
Asia Pacific Home Healthcare Market size was around USD 43.25 Billion in 2018. It is expected to grow at a CAGR of 12.56% to reach USD 78.14 Billion by 2023.
Drivers and Restraints: Increasing geriatric population, rising prevalence of chronic diseases, growing awareness about home healthcare treatments among people, and rising healthcare expenditure. In addition, increasing demand for portable devices, advancement of technologies, introduction of advanced devices, increasing adoption of telecommunication services, and government initiatives to promote home healthcare are expected to drive the market growth. However, unfavorable reimbursement policies, and patient safety concerns are the restraining factors which is expected to hinder the growth rate for Europe Home Healthcare Market during the forecast period.
Geographic Segmentation The Asia Pacific Home Healthcare market has geographically segmented into China, India, Japan, South Korea, and Australia. Asia market is the fastest growing CAGR.
Major companies in the market are A&D Company Limited , Almost Family Inc , Amedisys Inc, General Electric Company (GE), Kinnser Software Inc, Linde Group , Omron Corporation , Roche Holding AG , Philips Healthcare (A Subsidiary of Royal Philips Electronics) , Mckesson Corporation , LHC Group Inc, Kindred Healthcare, Fresenius Se & Co Kgaa , Abbott Laboratories , Apria Healthcare Group.
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