Home Healthcare Market Segmentation:
Indications Segment Analysis
The neurological & mental disorders segment in home healthcare market is estimated to witness a tremendous growth rate with a share of 31% driven by the increasing prevalence of several neurological disorders such as migraine, Parkinson’s disease, multiple sclerosis, and many more. According to a report by the World Health Organization 2024, a new study by Lancet Neurology estimated that there are more than 3 billion people globally who are suffering from neurological disorders. It is predicted that 1 out of 3 people is affected by this condition.
Component Segment Analysis
The therapeutic segment in home healthcare market is projected to hold the highest influencing segment under the component of home healthcare industry devices. The reason behind this impact is projected by the increase in several conditions, such as respiratory problems, sleep issues, and renal diseases.
According to the European Commission, about 6.7% of all deaths were credited to respiratory systems in 2020. This is a reason behind the increasing awareness regarding healthcare and the usage of several devices such as defibrillators, ventricular assist systems, infusion pumps, pacemakers, and many more.
According to the National Institutes of Health report for 2021, from 2012 to 2018, there has been an increase in public awareness regarding the knowledge of how to use automated external defibrillators (AED), which grew from 4.7% to 20.8%.
Our in-depth analysis of the global market includes the following segments:
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