, /PRNewswire/ -- The global size is estimated to grow by million from 2023-2027, according to Technavio. The market is estimated to grow at a CAGR of over 12.64% during the forecast period.
For more insights on the forecast market size and historic data (2017 - 2021) - The home healthcare market encompasses various solutions and services catering to individuals with chronic disorders, such as stroke, heart disease, diabetes, and respiratory conditions. This sector includes essential tools like pulse oximeters, temperature monitors, and home dialysis machines, as well as mobility aids like walkers, crutches, and wheelchairs. Rehabilitation services, post-op recovery, and wound care are also integral parts of this market.
With an aging population and rising demand for cost-effective alternatives to traditional healthcare services, telemedicine and remote patient monitoring have gained prominence. Health organizations prioritize patient comfort and outcomes, integrating advanced technologies and nursing staff to address chronic illnesses and mobility issues. Insurance companies play a crucial role in facilitating access to these services.
Research report provides comprehensive data on impact of trend, driver and challenges - The home healthcare market is segmented by type, with a significant portion of revenue generated from the sales of various products. Factors driving this trend include disposable incomes, the prevalence of chronic and lifestyle diseases, and the increasing .
