Global Home Healthcare Solutions Market

The global home healthcare market is expected to grow at an annual rate of 8.4 percent from USD 276.5 billion in 2020 to USD 413.85 billion in 2025. Rapid growth in the elderly population and the rising incidence of chronic diseases, as well as the growing need for cost-effective healthcare delivery due to rising healthcare costs and technological advancements in home care devices, have all contributed to the growing need for cost-effective healthcare delivery which is expected to poise well for the growth of the Global Home Healthcare Solutions Market

Definition / Scope
Market Overview
Market Risks
Top Market Opportunities
Market Drivers
Market Restraints
Industry Challenges
Technology Trends
Regulatory Trends
Post COVID-19 Recovery
Market Size and Forecast
Market Outlook
Technology Roadmap
Competitive Landscape
Competitive Factors
Key Market Players
Strategic Conclusion
References
Appendix

Definition / Scope

Home healthcare refers to the supportive care such as domiciliary care, custodial care, or non-medical care provided at home by registered nurses (RNs), licensed practical nurses (LPN’s), occupation therapists (OTs), and physical therapists (PTs).

Home health care is a broad sector that encompasses things like home nursing, infusion services, and companion care, among other things. Home medical care is a specific term for home healthcare. Home health care offers a wide range of health-care services that can be accessed from the comfort of one’s own home in the event of illness or injury. People and their families receive services in the comfort of their own homes for growth, preservation, or healing. Home health care is usually more inexpensive, accessible, and efficient than hospital or specialty nursing facility (SNF).

Chronically ill and disabled people of all ages, those recovering from hospitalization or major illness, and terminally ill people are among those who benefit from the Home Health Agency’s services. Home health nurses can help patients with daily activities (DLs) like washing, toileting, and feeding, as well as counsel and monitor ADL treatment. Nurses keep vital sign records, provide emergency orders, draw blood, record their activities and the patient’s health state, and contact with the patient and his or her family.

Home Healthcare Market is segmented into the following

By Product (Diagnostics and Monitoring Home Devices, Therapeutics Home Healthcare Devices, Home Mobility Assist Devices, and Medical Supplies)

By Services (Rehabilitation Services, Telehealth, and Telemedicine Services, Infusion Therapy Services, Respiratory Therapy Services, and Unskilled Home Healthcare Services)

By Software (Clinic Management Systems, Agency Management Software, and Hospice Solutions)

Market Overview

The global Home Healthcare Market was assessed at USD 281.10 Billion in 2019 and seen a decline of 1.64% in 2020 to reach a Showcase Measure of USD 276.5 Billion is anticipated to reach USD 413.85 Billion by 2025. The global Domestic Healthcare Market is anticipated to grow at a compound annual growth rate (CAGR) of 8.4% from 2021 to 2025

The global Home Healthcare market is divided into three categories based on product: Testing, Screening, and Monitoring Products, Therapeutic Products, and Mobility Care Products. In 2020, the therapeutic segment had the largest market share of 38%. Therapeutic items enable patients to receive better treatment at home and in hospitals. Ventilators, wheelchairs, blood glucometer, apnea, and other home devices improve the health of patients. Because gadgets play such an important role in the home healthcare sector, manufacturers are focusing their efforts on bringing digital advancements to market.

Skilled Nursing Services, Rehabilitation Therapy Services, Hospice and Palliative Care Services, Unskilled Care Services, Respiratory Therapy Services, Infusion Therapy Services, and Pregnancy Care Services are the different types of services in the global Home Healthcare industry. In 2020, the skilled nursing services category had the biggest market share, accounting for 65% of the total market. Skilled medical care in the house can be a more comfortable option than a hospital, nursing home, or assisted living complex. This market’s expansion will be boosted by great insurance coverage for skilled nursing services during the forecast period.

Large Enterprises, Cardiovascular Disorders & Hypertension, Diabetes, Respiratory Diseases, Pregnancy, Mobility Disorders, Hearing Disorders, Cancer, Wound Care, and Other are the various indications that the global Home Healthcare market is divided into. In the worldwide home healthcare market, the diabetes category is predicted to increase at a faster rate of 10.4% between 2021 and 2027. The significant growth of this segment might be attributed to the increased number of diabetic individuals. Blood sugar monitoring at home aids in the creation of an integrated diabetes treatment plan, as well as the control of blood sugar medications, nutrition, and exercise.

Global Home Healthcare Market Regional Insights:

During the projected period of 2021-2027, North America will lead the global Home Healthcare market. During the projected period 2021-2027, North America is expected to develop at a faster CAGR of 7.50 percent in the global home healthcare market. In 2020, North America had the greatest market share, accounting for 41.8%. Because of cutting-edge technology and medical research, as well as high-coverage insurance policies and compensation systems, which would be the largest. The United States accounts for a significant portion of the region’s value due to factors such as early technological advancements, awareness of home-based healthcare, substantial investment in healthcare technology, highest healthcare-related costs per capita, widespread accessibility of telemedicine services, and the highest number of COVID-19 infected patient counts in the world.

Because of the growing elderly population, high prevalence of diabetes and cardiovascular diseases, and increased healthcare investments by the European government, Europe was the second-largest market for home healthcare. In Europe, Germany is the market leader, owing to patients’ strong preference for home healthcare services for long-term care. In Germany, healthcare expenditure on home healthcare is considerable, which contributes to the market’s growth.

During the forecast period, Asia-Pacific is expected to develop at the highest CAGR. A developing economy, a high incidence of chronic diseases, an ageing population, and the availability of competent labor at cheap rates all contribute to the region’s growth. Japan had the largest market share, owing to the country’s large elderly population and the medical care that comes with it. According to projections, almost 40% of Japan’s population would be over 65 years old by 2050. It’s especially visible in Tokyo, where the population of persons aged 65 and older accounted for 25% of the whole population in 2020 and is expected to account for 30% of the total population by 2035.

Market Risks

The Major Risk factor affecting the growth of the Global Home Healthcare Solutions Market is

Fragmented Market

Because of the current high level of market fragmentation, certain Home Healthcare Solution Providers must rely on a small segment of the population, such as Senior Citizens or Patients with Chronic Diseases, for a significant portion of their income. This reliance is harmful since it gives the consumer a lot of negotiation power to put downward pressure on prices. More pricing pressure comes from government healthcare cost containment efforts, which in many countries include increasing regulation.

Top Market Opportunities

The Top Market Opportunities in the Global Home Healthcare Solutions Market include

Untapped Emerging Markets

In developed regions of North America and Europe, home healthcare is a well-established trend. Homecare is fast becoming more popular in these areas as a result of favorable rules and practices. Because the market in industrialized countries is practically saturated, market players have moved their attention to developing regions, particularly Asia Pacific’s emerging economies. Because the notion of home healthcare is still in its early stages of development in countries like India and China, market participants can take advantage of a variety of opportunities in these markets.

IoMT (Internet of Medical Things)

By 2026, the IoMT market share is expected to reach $142.45 billion, thanks to rising demand from chronic disease patients and an ageing population. Patients, caregivers, physicians, hospitals, and health insurance companies can all benefit from a variety of solutions.

In March 2020, the FDA published advice to broaden the availability of non-invasive monitoring devices, which is one of the digital home care trends in 2021. However, telehealth and remote monitoring are only a small fraction of the IoMT cosmos.

Clinical diagnostics and emergency applications are putting point-of-care platforms in the limelight. Connectivity is also important: smart connected insulin pumps or glucose monitoring systems, for example, are beneficial to both patients and doctors who use the device data. The rapid development of biosensors — wireless body-worn or patch-enclosed sensors that can assess blood, sweat, and other biological parameters — is also part of the IoMT movement. All of these IoMT devices are necessary for providing more intensive and customized home care.

Given the market’s demands and present technical possibilities, the future of home healthcare is heavily reliant on timely digital transformation, which means that software solutions should be a top priority for home care firms to explore.

Market Drivers

The Major Factors driving the growth of the Global Home Healthcare Solutions Market are

Surging Geriatric Population

The growth in the number of elderly individuals around the world is the most important element driving prospects in the home healthcare market. This corresponds to the United Nations’ estimate that 1.05 billion persons over the age of 60 lived in the world in 2020. Furthermore, the group predicts that by 2050, the population would have risen to 2.1 billion. These elderly persons have a variety of geriatric conditions that may or may not necessitate hospitalization. As a result, a small percentage of these persons choose home healthcare. Between 2021 and 2025, the number of elderly individuals will continue to rise, providing major support for the home healthcare sector.

Increase in the Disposable Personal Income

According to the Organization for Economic Co-operation and Development (OECD), the top 20% of the world’s population has an average net-adjusted disposable personal income of $64,103 per year. The bottom 20%, on the other hand, make $10,045 each year. This disposable household income mostly assists people to control healthcare spending. Each year, disposable income improves, improving the affordability of home healthcare services and devices. More people are now able to obtain home healthcare services, resulting in a growing home healthcare sector.

Governments Supporting Home Healthcare

It is quite difficult to live independently at home with chronic illnesses or disabilities. As a result, many federal, state, and local governments, particularly those in prosperous economies, are subsidizing the home healthcare sector. There is numerous government-run waiver programme aimed at providing persons with high-quality home healthcare services. These initiatives, which also include insurance benefits for low-income residents, are causing a seismic upheaval in the healthcare industry, with significant prospects for vendors in the home healthcare market in the future.

Market Restraints

The Primary Factors restraining the growth of the Global Home Healthcare Solutions Market include

Patient safety concerns

The nurse-physician relationship in home care is less face-to-face, and the nurse is in charge of doing assessments and communicating findings. This factor has an impact on the patient’s safety and outcomes. Another feature of home healthcare is that professionals provide medical care to each patient in their own location. Situational variables, on the other hand, may provide dangers to patients that are difficult to eliminate. Environmental safety departments at hospitals are well-equipped to handle such situations.

Affordability Issues

In developing and rising nations, the cost of home healthcare services remains a challenge. The adoption of these services is hampered in these nations that lack a well-developed healthcare system because people have less discretionary income. Nonetheless, these countries are working hard to develop a healthcare system that is both accessible to all and economical.

In addition, data privacy issues, a lack of technical assistance, and high upgrade and maintenance costs are all limiting the growth of the home healthcare software business.

Lack of Service Facilities

It’s challenging to meet patients’ critical care demands at home due to a shortage of service facilities, including life-sustaining and support-sustaining medical devices (DMEs). Furthermore, the installation of new upcoming healthcare technology necessitates time, commitment, and an appropriate environment. For many patients, dealing with these issues at home is difficult. Furthermore, certain conditions necessitate a 24-hour evaluation, and providing healthcare in this situation is either impossible or extremely difficult for both healthcare providers and patients.

Industry Challenges

The Major Challenges faced by the industry players in the Global Home Healthcare Solutions Market are

Shortage of home care workers

Home healthcare is a burgeoning industry, with a growing demand for home care workers and providers. According to the US Bureau of Labor Statistics’ employment predictions for 2014-2024, home healthcare jobs such as personal care aides and home health aides are among the top ten. In addition, between 2016 and 2026, the need for home health aides and personal care aides is expected to be 2.9 million. As a result, home healthcare providers will need to hire an additional 2.9 million people to keep up with demand (Source: US Bureau of Labor Statistics).

Operational Challenges

New evolutionary healthcare gadgets are coming to the in-home health care market, which will necessitate work and time, which is one of the most challenging duties for businesses. Providing home health care to a large number of individuals is a difficult challenge for businesses. Furthermore, the worldwide home healthcare industry is projected to be limited to a modest extent due to professional negligence in issuing certificates to caregivers, a lack of appropriate information about these services in remote areas, and frequent changes in economic strategy.

Technology Trends

Technology is influencing the way the healthcare solutions are offered which provides several benefits such as affordability, flexibility and better service. Some of the emerging technologies in the Global Home Healthcare Solutions Market are

Hospital-at-home Model

Hospitals are recognizing the need for more competent treatment at home. Physicians are more willing to prescribe home-based professional care than of hospital-based care. The trend of providing cancer care at the patient’s home will continue to expand. To deliver these services, hospitals will need to form a relationship with home health care organizations. To cooperate with hospitals, home health care firms must retrain their personnel to provide a variety of services (both skilled and non-skilled).

Telemedicine

Until last year, the transition to telehealth services had been slow and cautious. The telemedicine revolution is already in full swing, with adoption rates rising from 11% in 2019 to 46% in 2020. More patients can receive care in a timely manner with a live remote connection, avoiding the need to violate quarantine or lockdown. Healthcare professionals increased their capacity by 50 to 175 times, seeing 50 to 175 times more patients. In the current environment, telehealth services are vital, and they are anticipated to continue to develop in the following directions:

Apps for primary care: follow-ups and non-emergency care
Specialty care-enablement platforms: telepsychiatry, pre- and postsurgical care, chronic disease control, etc.
Remote monitoring (combined with video consultations): getting valuable insights into harmful factors, disease flares, potential complications, etc.

Regulatory Trends

The Regulatory Trends in the Global Home Healthcare Solutions Market are

Regulation in the USA

In 2009, the Medicare program started to stress completion of the “Triple Aim” against the backdrop of demographic changes and spending concerns. The Triple Aim, a framework created by the Institute for Healthcare Improvement and now virtually universally acknowledged in health care policy and delivery, has centered efforts to innovate in the Medicare and medicaid programs and pushed significant change. The Triple Aim says that in order to enhance the US health-care system, three aims must be pursued at the same time:

Improving the patient’s overall care experience (including quality and satisfaction);
Improvements in population health; and
lowering the cost of health care per person

HHS has made progress toward these objectives. The skilled nursing facility (SNF) value-based purchasing programme and the home health value-based purchasing demonstration have expanded quality and value program to post–acute care, while quality initiatives in the Affordable Care Act (ACA) predominantly focused on hospitals. In addition, initiatives aimed at other entities, such as bundled payments and hospital value-based purchasing, are increasingly affecting post-acute care providers “downstream.”

Regulation in UK

Home care agencies are regulated by statutory bodies in three of the four home nations. The regulator’s function is to ensure that home care agencies work within the applicable legislation:

England

Regulator: The Care Quality Commission (CQC)
The Health and Social Care Act 2008
The Health and Social Care Act 2008 (Regulated Activities) Regulations 2010

Wales

Regulator: The Care and Social Services Inspectorate Wales (CSSIW)
The Care Standards Act 2000
The Domiciliary Care Agencies (Wales) Regulations 2004

Scotland

Regulator: The Care Commission
The Regulation of Care (Scotland) Act 2001

Northern Ireland

Legislation covering the homecare sector in Northern Ireland is not yet fully operational (as at December 2007).

Regulator: The Regulation and Quality Improvement Authority (RQIA)

The Health and Personal Social Services (Quality, Improvement and Regulation) (Northern Ireland) Order 2003
Domiciliary Care Agency Regulations (Northern Ireland) 2007
Domiciliary Care Agencies National Minimum Standards (not published as at December 2007)

Regulation in India

There is currently no regulatory structure in place for the private home health sector. There are specific laws for nursing homes and clinical settings, but no such legislation exists for patient care at home.

Post COVID-19 Recovery

COVID-19 Home Healthcare Market Impact: 1.64% decline from 2019 to 2020

Pandemic Impact	Post COVID Outlook
Due to new COVID-19 pandemic norms, the healthcare industry has seen a shift in tendencies towards home healthcare rather than hospital care.	The transition to home healthcare services is expected to increase demand for home healthcare equipment in the future years. Regional and global medical device producers should have more opportunities as a result of this.
Home healthcare services became more well-known in 2020, as they offer a safer and more cost-effective alternative to hospital care. In addition, service providers are diversifying their offerings by including services such as at-home care. Testing for COVID-19	Since the COVID-19 Pandemic exposed a large deficit in many nations in terms of enough healthcare workers for home settings, providers have implemented a variety of strategies, including a dedicated hotline for answering questions about COVID-19 situations.

Market Size and Forecast

Services segment led the market with dominant Market Share

In 2020, the services category dominated the market, accounting for nearly 84% of total revenue. From 2021 to 2025, however, the equipment segment is expected to grow at the fastest rate.

The Services segment generated revenues to the tune of USD 232.3 Billion in 2020 and is projected to reach a Market Value of USD 338.2 Billion in 2025.

The Equipment segment accounted for USD 44.24 Billion in 2020 and is poised to grow at a CAGR of 9.5% to reach a Market Size of USD 69.6 Billion in 2025.

Market Size based on Services The market is divided into two types of services: skilled and unskilled home care. Healthcare professionals provide skilled home care services. Basic assistance care/personal care services are untrained home care services that give daily living help to homebound patients. Due to increased medical costs associated with hospital stays, skilled home healthcare services dominated the market in 2020.

The Skilled Home Care segment accounted for 60% of the Market Share and it generated revenues to the tune of USD 165.9 Billion in 2020 and is projected to grow at a CAGR of 8.2% in the forecast period (2020 – 2025) to reach a Market Size of USD 246 Billion in 2025.

On the other hand, the unskilled home care segment is the fastest growing which is expected to attain a CAGR of 9.4% to reach a Market Size of USD 173.3 Billion in 2025 from a valuation of USD 110.6 Billion in 2020.

Diagnostic, therapeutic, and mobility support are the three key categories in the home healthcare equipment industry. In 2020, the therapeutic segment dominated the market, and it will continue to grow at a stable CAGR during the projected period. This increase is attributable to an increase in the number of disorders that necessitate the use of therapeutic equipment on a regular basis. For example, insulin delivery systems, home dialysis equipment, and intravenous pumps are all used.

In 2020, diagnostics accounted for over 39% of the total home healthcare equipment market. Over the projection period, it is expected to achieve a sizable market share. The increasing prevalence of diabetes and cardiovascular and cardiopulmonary diseases, growing patient awareness, increasing cases of long-term illnesses requiring frequent diagnosis, and high adoption of blood pressure monitors and pregnancy and fertility tests are all contributing to the segment’s growth.

In various nations, the need for home healthcare services is increasing due to the growing geriatric population. To give the greatest services to the senior population, service providers focus on addressing the complete breadth. Individualized disease management programs are created to address physical demands specific to Alzheimer’s disease and dementia (Memory Care Specialty Program) as well as symptoms associated with cardiac illnesses, with a focus on pain control and quality of life (Cardiac Specialty Program).

Regional Insights

In 2020, North America had the dominant revenue share of 41.8%. Some of the primary elements driving the increase are the presence of a big ageing population in this region, modern healthcare infrastructure, and relatively higher disposable income levels. Furthermore, the regional industry is supported by a growing number of government initiatives targeted at reducing healthcare costs by boosting home treatment. For example, the “Hospital at Home” programme was established, in which patients were treated at home and the cost of care was cut by approximately 30%.

North America generated revenues to the tune of USD 115.6 Billion in 2020 and is projected to grow at a CAGR of 7.5% to reach a Market Size of USD 166 Billion in 2025.

Europe was the second-largest market for home healthcare Market, Europe accounted for 24% of the Market Share and accounted for USD 66.36 Billion in 2020 and is expected to grow at a CAGR of 7.7% to attain a Market Value of USD 96.16 Billion in 2025.

The fastest-growing geographical market is expected to be Asia Pacific. Factors such as a lack of healthcare infrastructure, the high cost of in-hospital care, and chronic conditions that necessitate long-term care are leading to an increase in the use of home healthcare products and services. Furthermore, corporations are concentrating their efforts in previously untapped markets such as India and China. Apollo Homecare, for example, provides long-term plans for ortho rehab, heart rehab, neuro rehab, lung rehab, mother and infant care, and geriatric care. Medical supervision and tailored healthcare services are included in these programs.

Asia Pacific contributed USD 49.3 Billion to the total revenue in 2020 and is expected to grow at a CAGR of 9.2% in the forecast period to reach a Market Size of USD 77.33 Billion in 2025.

The Middle East & Africa registered a Market Share of 9% and is poised to grow at a CAGR of 8.4% to reach a Market Size of USD 37.27 Billion in 2025 from a valuation of US$ 24.9 Billion in 2020.

Latin America generated revenues to the tune of USD 19.35 Billion in 2020 and is expected to grow at a CAGR of 7.4% to reach a Market Size of USD 27.65 Billion in 2025.

Market Outlook

The global Home Healthcare Market was estimated at USD 281.10 Billion in 2019 and seen a decline of 1.64% in 2020 to reach a Showcase Measure of USD 276.5 Billion is anticipated to reach USD 413.85 Billion by 2025. The global Domestic Healthcare Market is anticipated to grow at a compound annual growth rate (CAGR) of 8.4% from 2021 to 2025

In 2020, the component segment was dominated by services. The demand for professional nurses for rehabilitation services, wound dressings, tube feedings, and preserving patient health is increasing, which is driving this segment’s growth.

Patients who have suffered serious damage as a result of accidents or strokes frequently seek rehabilitation treatments in order to regain their ability to speak, walk, and feed themselves.

The rising frequency of chronic ailments such as respiratory diseases, kidney disorders, and diabetes is driving up demand for home therapeutic equipment.

Technology advancements are likely to encourage market expansion. Active home telemonitoring equipment, for example, can assist in the capture of vital signs and symptoms, which is beneficial to the home health agency.

The most developed regional market is North America. Some of the important drivers driving the regional market are the presence of a significant senior population, sophisticated healthcare infrastructure, and relatively higher patient disposable income levels.

In 2020, Europe had a sizable stake. The ongoing COVID-19 epidemic is predicted to increase demand for nurses, attendants, physicians, physiotherapists, and caretakers, with home care considered a safer option to hospital serology.

Technology Roadmap

In providing care at home for adult and pediatric patients, home health care is becoming increasingly important. Despite the obstacles, the home health care industry will continue to expand and serve an important role in providing care at home. In the coming year, several emerging trends will shape that ascension.

With the progress of technology, the role of home healthcare is shifting to higher-acuity patients, or patients that require more observation and intervention by skilled nurse practitioners. COVID-19, on the other hand, highlighted the need for additional acute and non-acute care at home to prevent patients against infection and other unfavorable health outcomes. Home health care will also play an important part in the expansion of delivery models such as hospital-at-home and SNF-at-home.

The predominance of new hospital-at-home and SNF-at-home models, which focus on treating high-acuity patients, has caused significant alterations in the home care industry. Furthermore, the US economy is still dealing with the consequences of the COVID-19 virus, which will need the development of new, disruptive business models.

Home care agencies must identify important trends that will help or hinder their business models and regularly reconfigure themselves for success through 2021 and beyond.

Distribution Chain Analysis

The Distribution Chain of the Global Home Healthcare Solutions Market is as in the below image

Competitive Landscape

Due to the presence of various vendors on a global and regional basis, competition in the home healthcare business is fierce and fragmented. Regional vendors place a greater emphasis on developing home healthcare marketing strategies tailored to a certain region, and their offerings are confined to a few products and services, as compared to global vendors that have a comprehensive portfolio of home healthcare offerings.

Vendors operating at the regional level are projected to experience issues competing with major vendors in terms of quality of offerings, financial capability, and pricing as global vendors increasingly focus on gaining greater share of this market by expanding their presence across new regions.

Key Market Developments

In July 2020, KanTime Healthcare Software, an American healthcare technology business and the country’s leading post-acute software supplier, announced that it will expand its geographic reach by launching services in Ohio. As an approved Electronic Visit Verification vendor in the United States. KanTime EVV also has capabilities that allow healthcare professionals to manage all regional norms and regulations, minimizing administrative strain for businesses, according to the company.

In June 2020, ECHO Health, Inc. (ECHO), a leading provider of electronic healthcare payment solutions, announced a cooperation with WLT Software, a leading provider of sophisticated benefits administration and claims adjudication systems, to combine payment processing solutions with WLT software. Both organizations hope to improve operating experiences for their clients by permitting post-adjudicated payment claims through these interfaces.

In January 2020, Lenovo Group Limited (Lenovo), a multinational technology company headquartered in Quarry Bay, Hong Kong, announced that it had launched a Virtual Care solution for healthcare provider organizations to monitor and track, as well as engage with and educate their patients remotely about many chronic health conditions, such as diabetes, hypertension, and congestive heart failure.

Competitive Factors

The market is highly fragmented. Furthermore, international businesses’ consolidation actions are expected to boost rivalry among emerging and local market competitors. The market’s top companies are always striving to expand their market share. Nightingales Home Health Services (India), For Instance, just opened its doors in Chennai. Portea Medical is expanding its service offerings by delivering COVID-19 testing at home. Currently, service providers are concentrating their efforts on regional growth rather than expanding their service offerings.

Key Market Players

Some of the Key Market Players in the global home healthcare market include:

Manufacturers	Headquarters
McKesson Medical-Surgical, Inc.	USA
Fresenius Medical Care	Germany
Medline Industries, Inc.	USA
Medtronic PLC	Ireland
3M Healthcare	USA
Baxter International, Inc.	USA
B. Braun Melsungen AG	Germany
Arkray, Inc.	Japan
F. Hoffmann-La Roche AG	Switzerland
Becton, Dickinson And Company	USA
Acelity L.P.	USA
Hollister, Inc.	USA
ConvaTec Group PLC	UK
Molnlycke Health Care	Sweden

Service Providers	Headquarters
Brookdale Senior Living, Inc.	USA
Home Health Services Ltd.	UK
Sunrise Carlisle, LP	USA
Extendicare, Inc.	Canada
Care U.K. Limited	UK
Senior Care Centers of America	USA
Genesis Healthcare Corp.	USA
Sompo Holdings, Inc.	Japan
Kindred Healthcare, Inc.	USA
Home Instead Senior Care, Inc.	USA

Strategic Conclusion

During the last year, home healthcare agencies have been under great pressure. Owners and managers are looking for ways to streamline and improve their processes due to rising demand for home care and specialized services, as well as obvious personnel shortages. Medical communities and authorities are showing a strong interest in telemedicine and IoMT, as well as numerous data analytics systems and remote monitoring solutions. Digital transformation is no longer a choice; it is a necessity.

References

Appendix

RNs – Registered Nurses
LPNs – Licensed Practical Nurses
OTs – Occupation Therapists
PTs – Physical Therapists
SNF – Skilled Nursing Facility
IoMT – Internet of Medical Things
OECD – Organization for Economic Co-operation and Development
BLS – Bureau of Labor Statistics
ACA – Affordable Care Act
CQC – Care Quality Commission
CSSIW – Care and Social Services Inspectorate Wales