The Global Hospital-At-Home Market Size is valued at 12.03 Billion in 2022 and is predicted to reach 357.62 Billion by the year 2031 at a 47.0% CAGR during the forecast period for 2023-2031.
The hospital-at-home business is growing because AI is being used everywhere. Hospital-at-home creates a smart, real-time world where most lines, paperwork, hassles, and drudgery are replaced by fast access to high-quality hospital care when and where it's needed most. Hospital-at-home offers a completely digital area that can be measured and can give the best care. Hospitals are having trouble finding enough beds for patients, so Hospital-at-Home markets are growing quickly.
The hospital-at-home sector offers various medical treatments for illnesses in residential settings. Injuries are treated at home, and overall health is improved. The doctor will decide on the course of treatment and any home treatments the patient might require. Depending on the patient's health, the duration of hospital-at-home might range from brief to long. Due to the rising need for blood glucose monitoring devices, home dialysis machines, and thermometers, there are many options for hospital-at-home devices, which accelerates market expansion.
The majority of developed and developing countries offer some level of partial or complete coverage for in-home services, which promotes market expansion. These services primarily consider geriatric chairs, bed rails, and belts as modes of movement. Nurses restricted patients' freedom of movement by preventing them from using the stairs, getting to their medications, organizing certain areas of the house, and performing other household tasks.
Competitive Analysis
- Amedisys
- Aurora Enterprises
- Bon Secours Mercy Health
- Brookdale Senior Living
- CenterWell Home Health
- Central Logic
- Conduit Health
- Contessa
- DispatchHealth
- Encompass Health
- HCA
- Humana
- Medalogix
- Massachusetts General Brigham and Women's Hospital
- Mayo Clinic
- Medically Home
- SENA Health
- Senior Helpers
- Trinity Health
- UnitedHealth Group
- Optum
- LHC Group
- AdventHealth
- Virginia Mason Franciscan Health
- Sanford Health
- CareWell Health
- M Health Fairview
- Inspira Health
- BayCare Health System
- North Texas Medical Center
- Boston Medical Center
Market Segmentation:
The hospital-at-home market is divided into Service Type and Application. Based on Service type, the market is segmented as therapeutic, and Diagnostic. By the Application, the market is segmented as Skilled Home Healthcare Service which comprises Physician/primary care, Nursing Care, Physical, Occupational, and/or Speech Therapy, Nutritional Support, Hospice & Palliative Care, Other Skilled Care Services. And another is Unskilled Home Healthcare Service.
Based On Service, The Skilled Nursing Segment Is A Major Contributor To The Hospital-At-Home Market
The skilled nursing category is expected to hold a considerable share of the global hospital-at-home market in 2022. The wide range of daily tasks carried out by nurses to provide sufficient care for patients receiving homecare, the increased adoption of home-based treatments that require technical expertise in operating medical equipment, such as home dialysis equipment, home IV machinery, home oxygen therapy equipment, and the rising demand for home care for the elderly population are all factors contributing to the growth of this market.
The Diabetes Segment Witnessed Growth At A Rapid Rate
The diabetes segment is projected to expand in the global hospital-at-home market growth. The increase in diabetes patients worldwide, who are more vulnerable to conditions like cardiovascular disease and Alzheimer's, is blamed for expanding this market. Additionally, the increased need for monitoring diabetes patients' blood pressure, cholesterol, hemoglobin, and heart rate also adds to the expansion of this market segment.
The North America Hospital-At-Home Market Holds A Significant Regional Revenue Share
The North American region hospital-at-home market is expected to register the highest market share in revenue shortly. The U.S. market is expected to develop due to the population's high disposable incomes, an increase among individuals with chronic illnesses, and government initiatives to promote hospital-at-home. The use of hospital-at-home products and services is growing primarily due to factors like insufficiently developed healthcare systems, expensive in-hospital healthcare facilities, and chronic diseases requiring long-term care; businesses are concentrating on developing countries that will increase hospital-at-home services shortly.
In addition, the Asia Pacific region is projected to rise in the global Hospital-At-Home market. The growing number of older adults, a growing incidence of chronic diseases in developing countries, the growth of hospital-at-home expenditures in developing nations like China and India, and the preference for home-based treatments due to the increased costs of hospital services are all factors contributing to the regional market's expansion. The development of the Asia-Pacific hospital-at-home market is also driven by government efforts supporting home care and the introduction of innovative homecare goods.
Recent Developments
- In June 2023, Emory Healthcare and DispatchHealth, the first full-service in-home healthcare provider in the US, are working together to give patients a new choice for easy follow-up and/or high-acuity medical care in the privacy of their own homes. The partnership aims to increase patient access to healthcare while lowering the overall cost of care in Atlanta, Georgia, and the nearby communities.
- In Mar 2022, Trinity Health declared plans to extend its private-duty footprint and has been actively seeking to purchase a half-dozen private-duty companies in order to care for a broader spectrum of patients and address social determinants of health.
Hospital-At-Home Market Report Scope:
|
Report Attribute |
Specifications |
|
Growth rate CAGR |
CAGR of 47.0 % from 2023 to 2031 |
|
Quantitative units |
Representation of revenue in US$ Billion, and CAGR from 2023 to 2031 |
|
Historic Year |
2019 to 2022 |
|
Forecast Year |
2023-2031 |
|
Report coverage |
The forecast of revenue, the position of the company, the competitive market statistics, growth prospects, and trends |
|
Segments covered |
Products, Services And Disease Indications |
|
Regional scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
|
Country scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; Southeast Asia |
|
Competitive Landscape |
Amedisys, Aurora Enterprises, Bon Secours Mercy Health, Brookdale Senior Living, CenterWell Home Health, Central Logic, Conduit Health, Contessa, DispatchHealth, Encompass Health, HCA, Humana, Medalogix, Massachusetts General Brigham and Women's Hospital, Mayo Clinic, Medically Home, SENA Health, Senior Helpers, Trinity Health, UnitedHealth Group, Optum,LHC Group |
|
Customization scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
|
Pricing and available payment methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Corporate
Office :
Office No.5170, 5th Floor Marvel Fuego, Magarpatta Rd, Pune, 411028
info@insightaceanalytic.com
