Home Healthcare Services Market Analysis by Product (Peak Flow Meters, IV Equipment, Coagulation Monitors, and Dialysis Equipment); by Type (Physician Care, Nursing Care, Occupational & Speech Therapy, Physical, Medical Social Services and Others); and by Payer (Private Health Insurance, Public Health Insurance, and Personal Savings) – Global Supply & Demand Analysis & Opportunity Outlook 2023-2033
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In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022. Purchasing power in the country is expected to fell nearly by 2.5%.
On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.
Ans: higher geriatric population, government provided health insurance, expensive hospital beds and increased instances of lifestyle diseases, Alzheimer’s and dementia are few factors likely to drive the market growth.
Ans: The market is anticipated to attain a CAGR of ~9% over the forecast period, i.e., 2023 – 2033.
Ans: Risk of fraud of billing & patient safety, unawares of the service and lack of insurance providers for home healthcare services are few factors likely to restrain the market growth.
Ans: The market in North America is projected to hold the largest market share by the end of 2033 and provide more business opportunities in the future.
Ans: The major players in the market are Amedisys, Inc., LHC Group Inc., Brookdale Senior Living Inc., Trinity Health, AccentCare, Inc., BAYADA Home Health Care, Kindred at Home, Home Instead, Inc., Sompo Care Inc., Extendicare, Inc., and so on…..
Ans: The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
Ans: The market is segmented by product, type, payer, and by region.
Ans: The dialysis equipment segment is anticipated to garner the largest market size by the end of 2033 and display significant growth opportunities.
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