Home Healthcare Market

Fresenius SE & Co. KGaA (Germany), Invacare Corporation (US) and Linde plc (Ireland) are Leading Players in the Home Healthcare Market

The global home healthcare market size is projected to reach USD 274.7 billion by 2025 from USD 181.9 billion in 2020, at a CAGR of 8.6% during the forecast period. Market growth is driven mainly by factors such as rapid growth in the elderly population, the rising incidence of chronic diseases, the growing need for cost-effective healthcare delivery due to the increasing healthcare costs, and technological advancements in home care devices. The emerging Asian countries are also expected to offer substantial growth opportunities for players in the market.

The global home healthcare market is highly fragmented. The prominent players in the global home healthcare industry include Fresenius SE & Co. KGaA (Germany), GE Healthcare (US), Linde plc (Ireland), F. Hoffmann-La Roche Ltd (Switzerland), A&D Company (Japan), BAYADA Home Health Care (US), Invacare Corporation (US), Abbott (US), Amedisys (US), Kindred at Home (US), LHC Group, Inc. (US), OMRON Corporation (Japan), Koninklijke Philips N.V. (Netherlands), Drive DeVilbiss Healthcare (US), Hamilton Medical (Switzerland), Sunrise Medical (Germany), Roma Medical (UK), Caremax Rehabilitation Equipment Co., Ltd(China), Vitalograph (UK), Advita Pflegedienst GmbH (Germany), RENAFAN GmbH (Germany), ADMR (France), Apex Medical Corporation (Taiwan), CONTEC MEDICAL SYSTEMS CO., LTD (China), and Löwenstein Medical Technology GmbH + Co. KG. (Germany).

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Fresenius SE & Co. KGaA (Germany) is one of the prominent players in the home healthcare market in 2019. It offers a wide range of products and services in the home healthcare market, including dialysis products and services for patients with chronic kidney failure. It also offers infusion therapies and infusion pumps. The company’s focus on innovation provides a solid foundation for the continued development of safe and cost-effective products. The company focuses on organic and inorganic strategies such as expansions, acquisitions, and joint ventures to strengthen its market position. In 2019, the company acquired NxStage Medical, Inc. (US). This acquisition strengthens the company’s business in the US. In 2018, Fresenius Kabi expanded its production and warehouse capacity in England, in response to the rising demand of the UK’s homecare market in Ireland.

Invacare Corporation (US) is a leading company that offers a broad range of rehabilitation equipment for the home care and long-term care markets. Over the years, the company has put together a dedicated product and technology platform for the rehabilitation equipment market. Being innovation-centric, the company continually invests in developing and enhancing its products and its ability to understand and better serve customers. In this regard, in 2020, Invacare launched the Invacare AVIVA FX Power Wheelchair.

Linde plc (Ireland) is one of the major players in the home healthcare market. The company has a wide geographical presence and a diversified product and service portfolio that maintains its leading position in the home healthcare market. The company offers home treatment to maximize outcomes for patients with severe and chronic respiratory diseases. The company is not dependent on single or a few customers. 70% of the sales of the company were generated outside the US. It has a majority or wholly-owned subsidiaries in approximately 45 European, Middle Eastern, and African countries and about 20 in Asian and South Pacific countries and approximately 20 in North and South America.

Related Reports:

Home Healthcare Market by Product (Dialysis Equipment, Ventilators, ECG, Canes, Wheelchairs, Activity Monitors, Nebulizers, BP Monitors), Service (Infusion Therapy, Skilled Nursing, Hospice), Indication, Region - Global Forecast to 2025

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Report Code
MD 1160
RI Published ON
10/13/2020
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