HOME Top Market Reports Home Healthcare Market (2009-2014)

Home Healthcare Market (2009-2014)

By: marketsandmarkets.com
Publishing Date: February 2010
Report Code: MD 1061

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Please click here to get the updated version of Home Healthcare Market (Equipment, Service & Telehealth/Telemedicine) Current Trends, Opportunities & Global Forecasts to 2016

Home healthcare, also referred to as formal or skilled care, is the support and care services that healthcare professionals provide at the patient’s own home. These care services include respiratory therapy, home infusion therapy, rehabilitation services, telehealth, unskilled home care, and other services. The global home care and self care market is expected to grow at a CAGR of 8.4% between 2009 and 2014.

The most important healthcare trend witnessed recently is the focus shift of patients from hospitals to home healthcare. The move from treatment to proactive monitoring is also opening up new opportunities for the home healthcare market. Patients prefer home healthcare to hospitals mainly for the convenience and cost-effectiveness it offers. Third-party home healthcare is also witnessing huge demand due to better treatment quality ensured by trained medical professionals.

Scope of the report

The report’s in-depth market estimates and forecasts for global home healthcare market are presented as follows:

  1. Home therapeutic equipment (Oxygen delivery systems, CPAP, nebulizers, ventilators, IV diagnostics, home dialysis, insulin delivery devices, and other equipment)
  2. Home self-diagnostics/monitoring equipment (Blood glucose monitors and test strips, blood pressure monitor, holter monitor, heart rate meters, apnea and sleep monitors, multi para diagnostic monitors and other equipment)
  3. Mobility assist devices and others (Wheelchairs and related devices, walking assist devices, medical furniture, and accessories)

The home healthcare market is an aggregate of home healthcare equipment and home healthcare services. The report identifies and analyzes each submarket and their subsequent micro-markets for both the products and services categories. This report will also provide more than 40 company profiles and 50 market tables for the micro-markets in various geographic regions. Each section will provide market data, market drivers, trends and opportunities, key players, and competitive outlook. The report identifies niche opportunities for both products and services sub-segments within the home healthcare market.

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Key questions answered

  1. Which are the high-growth segments and how is the market segmented in terms of applications, products, services, ingredients, technologies, stakeholders?
  2. What are market estimates and forecasts; which markets are doing well and which are not?
  3. Where are the gaps and opportunities; what factors are driving market growth?
  4. Which are the key playing fields and winning-edge imperatives?
  5. What is the competitive landscape; who are the main players in each segment; what are their strategic directives, operational strengths, key selling products, and product pipelines? Who is doing what?

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TABLE OF CONTENTS
 
EXECUTIVE SUMMARY 

 Global home healthcare market
 Home healthcare equipment
 Home healthcare services
 Competitive landscape
 Geographic analysis
 Patent analysis

1 INTRODUCTION
  1.1 Key take-aways
  1.2 Report description
  1.3 Markets covered
  1.4 Stakeholders
  1.5 Research methodology

2 SUMMARY

3 MARKET OVERVIEW
  3.1 Institutional healthcare vs. Home healthcare – key differentiating factors
  3.2 Defining the global home healthcare market
      3.2.1 Home healthcare equipment
      3.2.2 Home healthcare services
      3.2.3 Geographical segmentation of home healthcare market
  3.3 Key factors influencing the home healthcare market
      3.3.1 High disease prevalence boosting market growth
      3.3.2 Aging population is the key consumer
      3.3.3 Growing healthcare expenditure is a key concern
  3.4 Home healthcare market shifting focus to developing nations
      3.4.1 Generating consumer awareness is a prime necessity
      3.4.2 Tie-ups with regulatory bodies for effective penetration
      3.4.3 Mass targeting for price-sensitive population
      3.4.4 Inorganic growth for quicker returns
  3.5 Key buying criteria in developed and developing economies
  3.6 Key findings
  3.7 Conclusions
      3.7.1 Horizontal integration for equipment manufacturers
      3.7.2 Shift from invasive to non invasive
      3.7.3 Integrations to provide one stop solution for telemedicine
      3.7.4 Further penetrations in developed countries – target niche segments
      3.7.5 Shift of manufacturing from developed to fast developing nations
 
4 HOME HEALTHCARE EQUIPMENT
  4.1 Drivers
      4.1.1 Cost and convenience
      4.1.2 Hospital solution-providers entering the home healthcare market
  4.2 Restraints
      4.2.1 Restrained technology adoption
      4.2.2 Lack of direct reimbursement policies
      4.2.3 Fast changing technologies
  4.3 Impact analysis
  4.4 Home healthcare therapeutic equipment
      4.4.1 Impact analysis
      4.4.2 Home respiratory therapy equipment
            4.4.2.1 Market trends
            4.4.2.2 Oxygen delivery systems
                    4.4.2.2.1 Market trends
            4.4.2.3 Continuous positive airway pressure products (CPAP)
                    4.4.2.3.1 Market trends
            4.4.2.4 Medical nebulizer kits and devices
            4.4.2.5 Medical ventilators and accessories
      4.4.3 Home IV equipment
            4.4.3.1 Market trends
      4.4.4 Home insulin delivery devices
            4.4.4.1 Market trends
      4.4.5 Home dialysis equipment
            4.4.5.1 Market trends
      4.4.6 Other home therapeutic equipment
  4.5 Home self-diagnostic/monitoring equipment
      4.5.1 Impact analysis
      4.5.2 Self diagnostic/monitoring devices dominate the equipment market
      4.5.3 Home diabetes care devices
            4.5.3.1 Market trends
            4.5.3.2 Blood glucose meters
            4.5.3.2.1 Market trends
            4.5.3.3 Blood glucose test strips
      4.5.4 Home blood pressure monitors
            4.5.4.1 Market trends
      4.5.5 Home holter monitors
            4.5.5.1 Market trends
      4.5.6 Home pregnancy/fertility tests
            4.5.6.1 Market trends
      4.5.7 Heart rate meters
            4.5.7.1 Market trends
      4.5.8 Home - apnea and sleep monitors
            4.5.8.1 Market trends
      4.5.9 Home multi-parameter patient monitors
            4.5.9.1 Market trends
      4.5.10 Other home patient monitors
  4.6 Mobility assist and other equipment
      4.6.1 Wheelchairs and related devices
            4.6.1.1 Market trends
      4.6.2 Walking assist devices
            4.6.2.1 Market trends
      4.6.3 Home medical furniture
            4.6.3.1 Market trends
 
5 HOME HEALTHCARE SERVICES MARKET
  5.1 Home Healthcare Service Industry Overview
      5.1.1 Impact Analysis
      5.1.2 Opportunity Analysis
  5.2 Telemetry/telehealth
      5.2.1 Market structure and key players
      5.2.2 Market dynamics
      5.2.3 Telemedicine
            5.2.3.1 Market dynamics
      5.2.4 Remote patient monitoring
            5.2.4.1 Market dynamics
            5.2.4.2 Industry participants
            5.2.4.3 Key industry strategies
      5.2.5 Other telemetry/telehealth services
  5.3 Rehabilitation service providers
      5.3.1 Physical therapy
      5.3.2 Occupational therapy
      5.3.3 Speech therapy
      5.3.4 Opportunities and marketing strategies recommendation
      5.3.5 Reimbursement
  5.4 Unskilled home healthcare
      5.4.1 Drivers & inhibitors
            5.4.1.1 Cost-effective services
            5.4.1.2 High comfort for the chronically ill and disabled
            5.4.1.3 Individualized care
            5.4.1.4 No medicare coverage for unskilled services
  5.5 Infusion therapy
      5.5.1 Drivers and inhibitors
            5.5.1.1 Broad solution mix attracting service providers
            5.5.1.2 Home care involves least cost
  5.6 Respiratory therapy services
      5.6.1 Drivers and inhibitors
            5.6.1.1 Lowers treatment costs
            5.6.1.2 Availability of alternative treatments
 
6 COMPETITIVE LANDSCAPE
  6.1 Market share analysis – top four markets
  6.2 Recent developments and key strategies
      6.2.1 Major players & strategies
      6.2.2 Most new products & service launches for diabetes and BP monitors

7 GEOGRAPHIC ANALYSIS

8 PATENT ANALYSIS

9 COMPANY PROFILES
  9.1 3M HEALTHCARE
  9.2 ABBOTT LABORATORIES
  9.3 AIR LIQUIDE
  9.4 ALERE MEDICAL, INC
  9.5 ALMOST FAMILY INC.
  9.6 AMEDISYS, INC.
  9.7 APRIA HEALTHCARE GROUP
  9.8 ARCADIA RESOURCES, INC.
  9.9 ARKRAY INC.
  9.10 B. BRAUN MELSUNGEN AG
  9.11 BAXTER INTERNATIONAL INC.
  9.12 BAYER HEALTHCARE AG
  9.13 BECTON, DICKINSON AND COMPANY (BD)
  9.14 BIOTRONIK SE & CO. KG
  9.15 CARDINAL HEALTH INC.
  9.16 CHUBB COMMUNITY CARE
  9.17 CRITICAL HOME CARE
  9.18 DRIVE MEDICAL DESIGN & MANUFACTURING
  9.19 FRESENIUS SE
  9.20 GAMBRO AB
  9.21 GE HEALTHCARE
  9.22 GENTIVA HEALTH SERVICES INC
  9.23 GRAHAM-FIELD HEALTH PRODUCTS INC.
  9.24 HILL-ROM HOLDINGS INC.
  9.25 INVACARE
  9.26 JOHNSON & JOHNSON
  9.27 KINETIC CONCEPTS
  9.28 LINCARE HOLDINGS, INC.
  9.29 LINDE HEALTHCARE
  9.30 MEDCO HEALTH SOLUTIONS INC.
  9.31 MEDLINE INDUSTRIES INC.
  9.32 MEDTRONIC INC.
  9.33 NATIONAL HEALTHCARE CORP.
  9.34 NOVO NORDISK A/S
  9.35 NXSTAGE MEDICAL, INC
  9.36 ODYSSEY HEALTHCARE INC.
  9.37 OMRON HEALTHCARE, INC.
  9.38 PARAMOUNT BED CO., LTD
  9.39 PERMOBIL AB
  9.40 PHILIPS HEALTHCARE
  9.41 RESMED INC
  9.42 ROCHE DIAGNOSTICS CORP.
  9.43 SUNRISE MEDICAL INC.
  9.44 TEIJIN
  9.45 WALGREENS
  9.46 WEBVMC (A SUBSIDIARY OF INTEL)
  9.47 WEINMANN
 
APPENDIX 
U.S. Patents
EUROPE Patents
JAPAN Patents
  
LIST OF TABLES 
 
1 Global home healthcare market equipment and services 2007 – 2014 ($Million) 
2 Global home healthcare equipment market by products 2007 – 2014 ($Million) 
3 Global home healthcare equipment market by geography 2007 – 2014 ($Million) 
4 Global home healthcare therapeutic equipment market, by products 2007 – 2014 ($Million) 
5 Global home healthcare therapeutic equipment market, by geography 2007 – 2014 ($Million) 
6 Global home therapeutic equipment market, by price and volume (2009)
7 Global home respiratory therapy equipment market, by products 2007 – 2014 ($Million)
8 Global home respiratory therapy equipment market, by geography 2007 – 2014 ($Million)
9 Global home oxygen delivery systems market, by geography 2007 – 2014 ($Million)
10 Global home CPAP market, by products 2007 – 2014 ($Million)
11 Global home CPAP market, by geography 2007 – 2014 ($Million)
12 Home medical nebulizer kits and devices market by geography 2007-2014 ($Million)
13 Home medical ventilators and accessories market by geography 2007-2014 ($Million)
14 Global home IV (intravenous) equiments market by geography 2007-2009($Million)
15 Global home insulin delivery market by geography 2007-2014 ($Million)
16 Global home dialysis equipment market by geography 2007-2014 ($Million) 
17 Global other home therapeutic equipment market by geography 2007-2014 ($Million)
18 Home self diagnostic/monitoring equipment market by products 2007-2014 ($Million)
19 Global home self diagnostic/ monitoring equipment by geography 2007-2014 ($Million)
20 Global self diagnostic/monitoring equipment market, by price and volume (2009) 
21 Global home diabetes care devices market by products 2007 – 2014 ($Million) 
22 Global home diabetes care devices market, by geography 2007 – 2014 ($Million)
23 Global home blood glucose meters market by geography 2007-2014 ($Million)
24 Global home blood glucose test strips market by geography 2007-2014($Million)
25 Global home blood pressure monitors market by geography 2007-2014 ($Million)
26 Global holter monitors market by geography 2007 – 2014 ($Million)
27 Global home pregnancy/fertility test market by geography 2007 – 2014 ($Million)
28 Global heart rate meters market, by geography 2007 – 2014 ($Million)
29 Global apnea and sleep monitors market by geography 2007 – 2014 ($Million) 
30 Global multi-parameter patient monitors market by geography2007 – 2014 ($Million)
31 Global other monitoring equipment market, by geography 2007 – 2014 ($Million)
32 Key players in other home patient monitors
33 Global mobility assist and other equipment market by products 2007 – 2014 ($Million)
34 Global mobility assist and other equipment market by geography 2007 – 2014 ($Million)
35 Global mobility assist and other equipment market by price and volume (2009) 
36 Global home wheelchair and related devices market by geography 2007 – 2014 ($Million)
37 Global home walking assist devices market by geography 2007 – 2014 ($Million)
38 Global home medical furniture market by geography 2007 – 2014 ($Million) 
39 Global home healthcare services market by types 2007-2014 ($Million) 
40 Global home healthcare services market by geography 2007-2014 ($Million) 
41 Global home telemetry/telehealth services market 2007-2014 ($Million) 
42 Global home telemetry/telehealth services market by geography 2007-2014 ($Million)
43 Global home telemetry/telehealth services market by price and volume 2007 - 2014
44 Global home telemedicine services market by geography 2007-2014 ($Million) 
45 Global home remote patient monitoring services market 2007-2014 ($Million)
46 Global home remote patient monitoring services market, by geography 2007-2014 ($Million) 
47 Global other home telemetry services market by geography 2007-2009 ($Million)
48 Global home rehabilitation therapy services market by price and volume 2007 - 2009
49 Global home rehabilitation services market by geography 2007-2014 ($Million)
50 Global home unskilled services market by geography 2007-2014 ($Million) 
51 Global unskilled services market by price and volume 2007 - 2014 
52 Global home infusion therapy services market by price and volume 2007 - 2009
53 Global home infusion therapy services market by geography 2007-2014 ($Million)
54 Global home respiratory therapy services market by geography 2007 - 2014 ($Million)
55 Global home respiratory therapy services market by price and volume 2007 - 2014
56 New product, technology, service launch (2008-2009)
57 List of agreements and collaborations (2008 – 2009)
58 Recent mergers and acquisitions (2008 – 2009)
59 Others (2008 – 2009)
  
LIST OF FIGURES 
 
1 Factors driving the home healthcare market
2 Global home healthcare market (2009)
3 Global home healthcare market, by products (2009)
4 Global home healthcare market, by services (2009)
5 Global home healthcare market, by geography (2009)
6 Diabetes & cardiovascular fatalities (Millions)
7 Declining elderly support ratio
8 Total healthcare expenditure (2008)
9 Strategies to tap potential markets
10 Key buying criteria in developed and developing economies
11 Home heathcare market dynamics
12 Home therapeutic equipment market dynamics
13 Comparative analysis: home healthcare markets for therapeutic equipment
14 Global oxygen delivery systems market, 2009 – 2014
15 Global home CPAP market 2009 – 2014
16 Global home insulin delivery market, by 2009 – 2014 (%)
17 Home self-diagnostic/monitoring equipment market dynamics
18 Comparative analysis of home healthcare monitoring equipment
19 Comparative analysis: mobility assist and other equipment market
20 Wheelchairs and related devices market 2009 - 2014
21 Home healthcare service users in developed economies (2007)
22 Home healthcare services market dynamics
23 Opportunity analysis: home healthcare services market
24 Telemetry market cycle in developed and developing countries
25 Home telehealth servicing model
26 Home telehealth market dynamics
27 Telemedicine: integrating various healthcare participants
28 Factors influencing home telemedicine adoption
29 Physical therapy forms largest rehabilitation service market (2009-2014)
30 Unskilled home healthcare market dynamics
31 Market share analysis: diabetes care devices (2008)
32 Market share analysis: respiratory therapy equipment (2008)
33 Market share analysis: insulin delivery (2008)
34 Market share analysis: wheelchairs (2008)
35 Key growth strategies (2008 – 2009)
36 New product/service launches (2008 – 2009)
37 Competitive landscape: new products/service launches (2008 – 2009)
38 Global home healthcare market, by geography
39 Global home healthcare equipment market, by geography
40 Global home healthcare services market by geography
41 Global home therapeutic equipment market by geography
42 Global home self diagnostic/monitoring equipment market, by geography
43 Global home mobility assist and others market by geography
44 Patent analysis by segment (January 2004 to December 2009)
45 Patent comparision by segment (2007 vs 2009)
46 Patent analysis by competitors (2004 to December 1, 2009)
47 Patent analysis by geography (January 2004 to December, 2009) 
48 Patent comparision (2007 vs 2009)

The home healthcare market generates approximately 70% of revenues from the people aged 65 years and above; mainly because of the declining ‘elderly support ratio’, or the ratio of the number of people caring for the elderly, to the number of older people above 65 years. This factor highlights the growth potential of the market for third-party care in the coming years.

In 2009, the entire home healthcare market covered under the report is estimated to be approximately $159.6 billion and is expected to grow by 8.2% to reach $237.6 billion by 2014. Home healthcare service market is estimated to constitute $143.1 billion in 2009, which is about 90% of the entire market.

The most important trend in healthcare witnessed in the recent times has been a shift of patient’s focus from hospitals to home care. The move from treatment to proactive monitoring has opened up new opportunities in the home healthcare market. Patients prefer home healthcare over hospitals mainly for the latter’s cost and convenience benefits; and are thus increasingly opting for third-party medical professionals and care-givers.

The major factors driving the growth of the home healthcare market are:

  • Declining elderly support ratio
  • Patient preference for portability, automation and customization
  • Physicians and hospitals prescribing home care to the patients to reduce huge patient inflow
  • Rise in number of vehicle accidents and sports injuries

The factors that may hinder the growth of the home healthcare market are:

  • High manufacturing cost
  • Competition with existing technologies
  • Non-supportive government reimbursement policies

Major opportunities for the home healthcare market

  • Focus shift from treatment to proactive monitoring
  • Rising demand of third-party care

The major segments in the home healthcare market include home healthcare equipments and home healthcare services. The home healthcare equipment market includes home therapeutic equipments, self diagnostic and patient monitoring equipments, and mobility assist devices. The home healthcare services market include home visits and nursing services, home infusion therapy services, home respiratory therapy services, and home telemedicine.

Home healthcare market

Source: MarketsandMarkets

The market for home healthcare services is estimated to reach $207 billion by 2014. Home visits and nursing services constitute 72% of the entire market. Most of the growth potential lies in the field of home telemedicine services, the market for which is forecasted to grow at a CAGR of 32.3% from 2009 to 2014. Diabetes devices alone constitute about 46% of the entire home healthcare equipment market, while the market for home therapeutic equipment is the fastest-growing segment with a CAGR of 19.4%.

This report aims to identify and analyze the global home healthcare market and further segments the market as follows:

Home Healthcare Equipment

  • Home therapeutic equipment (oxygen delivery systems, CPAP, nebulizers, ventilators, humidifiers, IV diagnostics, home dialysis, ostomy supplies)
  • Home self-diagnostics and patient monitoring equipment (diabetes care including blood glucose monitors, test strips, and insulin delivery devices; blood pressure monitors, holter monitors, heart rate meters, apnea and sleep monitors and others)
  • Mobility assist devices (wheelchairs, walkers, crutches, canes, walking sticks, examination chairs, treatment chairs, medical beds, ENT devices and other medical furniture and accessories)

Home Healthcare Services

  • Home respiratory therapy services
  • Home infusion therapy services
  • Home visits and nursing care services (physical examination, physical therapy, nursing services)
  • Home telemedicine services
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