Middle East and Africa Home Healthcare Market Growth, Industry Size-Share, Global Trends, Key Players Strategies and Upcoming Demand, Research
Middle
East and Africa Home Healthcare Market was USD 99,236.36
million in 2021, would rocket up to USD 189193.01 million by 2029, and is
expected to undergo a CAGR of 8.4% during the forecast period 2022 to 2029. In
addition to the market insights such as market value, growth rate, market
segments, geographical coverage, market players, and market scenario, the
market report curated by the Data Bridge Market Research team also includes
in-depth expert analysis, patient epidemiology, pipeline analysis, pricing
analysis, and regulatory framework. The growth of the
market is attributed to some of the key driving factors such as increasing
preference for home healthcare settings in developing nations and rising focus
on telehealth. However, limited insurance coverage and patient safety concerns
hinder the growth of the market to a certain extent.
Home
healthcare encompasses a wide range of healthcare services provided for
managing illnesses at home. Growing support from the government to encourage
establishment of home care settings by encouraging the launch of product
required for home care settings are the prominent factors supporting the growth
of the home healthcare market in the Middle East and Africa. Hospital-at-home
initiatives hospital-at-home programs that confer flexibility to hospitals to provide
their patients with hospital-level care in their homes. The concept of home
healthcare in countries such as Saudi Arabia and the UAE are still in the early
growth phase. Moreover, various strategies adopted by the home care setting
industry players, including product launches, collaborations, and innovations,
are accelerating the market growth. Health systems are adopting telehealth as a
tool to extend care at homes to improve outcomes and lower treatment costs.
This is encouraging the introduction of more portable and affordable home
healthcare devices. Apart from this, increasing partnerships in service
providers is further propelling the growth of the market.
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- Rising research and development (R&D)
investments
With the advent of modern technology into this
industry, the existing communication flow between patients and healthcare
professionals has substantially expanded, allowing for better, faster, and more
effective care. For example, remote patient monitoring is based on the
successful integration of medical devices and information and communication
technology (ICT), as well as the delivery of healthcare over long distances,
which drives market growth.
- Rise in demand for Home Healthcare
This is due to the increased convenience of
non-skilled labour, caregivers, services, physicians, and other home healthcare
equipment in homecare settings, as well as an increase in healthcare
expenditures in the region's hospital grounds.
- Rising number of elderly people and technological
advancements
The European home healthcare business has risen
dramatically over the previous decade. Rising healthcare costs, which have
shifted the focus of healthcare from hospitals to the home, have been a major
driver of the market's rise. Government attempts to improve home healthcare are
accelerating the sector's growth.
Highlight of Table of Content:
§ Chapter 1: Market overview
§ Chapter 2: Middle East and Africa Home
Healthcare Market Analysis
§ Chapter 3: Regional analysis of the Middle East and Africa Home Healthcare Market
§ Chapter 4: Market segmentation based on types and applications
§ Chapter 5: Revenue analysis based on types and applications
§ Chapter 6: Market share
§ Chapter 7: Competitive Landscape
§ Chapter 8: Drivers, Restraints, Challenges, and Opportunities
§ Chapter 9: Gross Margin and Price Analysis
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Koninklijke
Philips N.V. (U.S), Omron Healthcare, Inc. (Japan), Air Liquide (France), B.
Braun Melsungen AG (Germany), Medtronic (Ireland), Davita Inc. (U.S), CARDINAL
HEALTH (U.S), Sunrise Medical (U.S), General Electric (U.S), A&D Company,
Limited (Japan), BAYADA Home Health Care (U.S), Invacare Corporation (U.S),
Philips Healthcare (Netherlands), Fresenious SE & Co KGaA (Germany), GE
Healthcare (U.K.), Baxter (U.S.), F. Hoffmann-La Roche Ltd (Switzerland), Bupa
Home Healthcare, Ltd (U.K.), Healthcare at Home (U.K.), and Linde plc (Germany)
Profound Questions Answered in this Report:
·
What is the growth rate of various stages in the value chain of the
industry?
·
Which region has the highest growth rate and size of the emerging market by
value in 2022?
·
Who are the competitive players in Middle East and Africa Home Healthcare Market?
·
Which region has the largest share and degree of competition in the
industry?
·
What is the CAGR of the market during the forecast period 2022 to 2029?
·
Which region is expected to hold the highest market share for the market?
·
What is the main driver of the Middle East and Africa Home
Healthcare Market?
·
What is sales volume, revenue, and price analysis of top players of the
market?
·
What are the market opportunities and threats faced by the vendors in the
industry?
·
What has been the impact of COVID-19 on the Middle East and Africa Home Healthcare Market?
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