Chronic diseases are increasing every day across the globe, which is augmenting the growth of the global home healthcare market. For instance, according to the International Diabetes Federation Diabetes Atlas, in 2019, there were around 463 million individuals in the globe suffering from diabetes. Moreover, the rapid increase of the geriatric population is also fueling the growth of the global home healthcare market.
There are several things that a home healthcare agency will do for an individual or patient. They will often interview the person or persons visiting the patient, administer a physical examination, recommend medication, set up a treatment plan, and refer the individual or the patient to appropriate medical providers if needed. For those individuals or patients who do not wish to see a physician, they may also be referred to or required to participate in a clinical trial or follow-up visit, or be asked to complete a series of health counseling sessions. However, sometimes home medical devices can lead to severe health disorders and can also misguide treatment therapy, and these factors are standing in the way of the growth of the global home healthcare market.
Chronic diseases are getting more prevalent in North America, which is why this region is witnessing high demand in the home healthcare market. For instance, according to the American Cancer Society, currently, there are around 1.9 million cancer cases in the United States. Moreover, easily affordable health policies and the advance of healthcare through modern technologies are also promoting the growth of the home healthcare market. The home healthcare market in the Asia Pacific region is also witnessing high demand owing to the expansion of medical facilities in the region. Owing to all these factors, there have been some significant industrial developments in the global home healthcare market. For instance, in March 2019, ResMed acquired HB Healthcare... Read more