(Health-NewsWire.Net, March 06, 2018 ) Home healthcare refers to home-based healthcare services provided to users at the convenience of their homes. The integration of products and services and technological advances in home healthcare are driving the growth of the global home healthcare market. However, the lack of trained home HCPs and structured insurance policies and reimbursements could affect the growth of the market during the forecast period.
Publisher's analysts forecast the global home healthcare market to grow at a CAGR of 8.78% during the period 2017-2021.
The proliferation of government initiatives to promote home healthcare will be one of the primary growth drivers for the global home healthcare market till 2021. Patient protection and affordable care act (PPACA) was established in the US in March 2010. This in turn, encouraged a large number of physicians to reduce costs and improve outcomes by transforming their practices clinically, technologically, and financially.
Key vendors - Abbott - Johnson & Johnson - Omron Healthcare - Koninklijke Philips
Other prominent vendors - A&D Medical - Addus HomeCare - Almost Family Inc. - amedisys - Apria Healthcare Group - Briggs Healthcare - BD - eCaring - Exergen