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Published: Nov, 2015 | Pages:
87 | Publisher: Grand View Research
Industry: Medical Devices | Report Format: Electronic (PDF)
North America home healthcare market is expected to reach USD 1.7 billion by 2022, according to a new report by Grand View Research Inc. Rising prevalence of chronic condition demanding constant care, rising geriatric population demanding round the clock care and growing hospital stay cost are some factors driving the home care industry. With increasing difference in number of hospital beds and patients, the need for home healthcare is on the rise. Furthermore, financial assistance provided by Medicare, Medicaid and other private insurance companies for long-term care are expected to further propel the demand for such services. Growing geriatric population base, increasing demand for independent living and subsequent rise in demand of wound management, mobility assistance, and other self-care products are the high impact rendering drivers of the home healthcare market in North America. Supportive initiatives by government bodies such as Canadian Home Care Association, designed to incorporate increasing post-operative home based health and long-term care plans boosts the home care industry. Increasing licensing of home care agencies and other specialty care facilities with provision for reimbursement by public insurers is anticipated to drive the demand over the forecast period. Further key findings from the study suggest: Wound care and mattress overlays together are expected to capture over 85.0% of the market share by 2022 owing to increasing incidences pressure ulcers, diabetic ulcers, and venous stasis ulcers. Durable Medical Equipment segment is anticipated to witness fastest growth and contribute share of over 25.0% by 2022 owing to rising demand for mobility assistance devices by elderly patients. According to the Population Reference Bureau, currently over 50 million citizens of North America are over the age of 65 and the number is expected to reach to 89 million by 2050. The U.S. is anticipated to contribute for over 85.0% share in 2022, owing to rising geriatric population base, increasing number of immigrants, and rising patient awareness levels coupled with relatively higher healthcare expenditures in the region. Key market players are Johnson & Johnson, Covidien, Stryker Corporation, Invacare, VCP Mobility Inc. and others. In May 2015, ConvaTec expands portfolio of AQUACEL Foam dressings, this expansion includes range of advanced rectangular dimensions and more anatomical wound care applications. This expansion is expected to give comparative edge in wound dressing product portfolio. In July 2015, Smith & Nephew acquired DeOST LLC and DeLLC, part of DeOST group, this acquisition is expected to help the company enhance wound care product portfolio.
Table of Content Chapter 1 Methodology and Scope 1.1 Research Methodology 1.2 Research Scope & Assumptions 1.3 List of Data Sources Chapter 2 Executive Summary Chapter 3 Home Healthcare Industry Outlook 3.1 Market segmentation 3.2 Market size and growth prospects 3.3 Home healthcare: Market dynamics 3.3.1 Market Driver Analysis 3.3.1.1 Home healthcare as a cost-effective alternative 3.3.1.2 Growing number of home health and personal care aides 3.3.1.3 Growing geriatric population base resulting in increasing incidences of chronic illnesses and injuries 3.3.1.4 Hospital solution providers penetrating the home healthcare market 3.3.2 Market Restraint Analysis 3.3.2.1 Presence of complicated reimbursement framework and reimbursement cuts 3.3.2.2 Presence of lower remunerations 3.4 Opportunity analysis, by product 3.5 Industry analysis Porter's 3.6 Home healthcare market: Public vs. private reimbursement structure analysis 3.7 Home healthcare company market share/competitive landscape, 2014 3.8 Home healthcare PESTEL Analysis 3.9 Home healthcare market, competitive landscape, 2014 3.9.1 Competitive benchmarking for Invacare 3.9.1.1 Company Overview 3.9.1.2 Product Benchmarking 3.9.2 Wound care products competitive landscape 3.9.3 Seating cushions competitive landscape 3.9.4 Mattress overlay competitive landscape 3.9.5 Heel protectors competitive landscape Chapter 4 Home Healthcare Product Outlook 4.1 Home healthcare market share by product, 2013 & 2020 4.2 Wound care 4.2.1 Wound care market, 2012 - 2022 (USD Million) 4.2.2 Wound care products 4.2.2.1 Wound care products market, 2012 - 2022 (USD Million) 4.2.3 Wound care dressings 4.2.3.1 Wound care dressing market, 2012 - 2022 (USD Million) 4.2.4 Wound closure products 4.2.4.1 Wound closure products market, 2012 - 2022 (USD Million) 4.2.5 Wound cleansers, lotions, and creams 4.2.5.1 Wound cleanser, lotions, and creams market, 2012 - 2022 (USD Million) 4.3 Seating cushions 4.3.1 Seating cushions market, 2012 - 2022 (USD Million) 4.3.2 Gel & foam cushions 4.3.2.1 Gel & foam cushions market, 2012 - 2022 (USD Million) 4.3.3 Latex cushions 4.3.3.1 Latex cushions market, 2012 - 2022 (USD Million) 4.4 Mattress overlay 4.4.1 Mattress overlay market, 2012 - 2022 (USD Million) 4.4.2 Pressure relief and alternating pressure mattress 4.4.2.1 Pressure relief and alternating pressure mattress market, 2012 - 2022 (USD Million) 4.4.3 Low air loss mattress 4.4.3.1 Low air loss mattress, 2012 - 2022 (USD Million) 4.4.4 Premium guard water mattress 4.4.4.1 Premium guard water mattress, 2012 - 2022 (USD Million) 4.4.5 Memory foam mattress 4.4.5.1 Memory foam mattress, 2012 - 2022 (USD Million) 4.5 Heel protectors 4.5.1 Heel protectors market, 2012 - 2022 (USD Million) 4.5.2 Gel heel protectors 4.5.2.1 Gel heel protectors market, 2012 - 2022 (USD Million) 4.5.3 Silicon sleeve heel protectors 4.5.3.1 Silicon sleeve heel protectors market, 2012 - 2022 (USD Million) 4.6 Cushion heel protectors 4.6.1.1 Cushion heel protectors market, 2012 - 2022 (USD Million) 4.6.2 Convoluted foam boot heel protector 4.6.2.1 Convoluted foam boot heel protectors market, 2012 - 2022 (USD Million) 4.6.3 Synthetic protective boot heel protector 4.6.3.1 Synthetic protective boot heel protectors market, 2012 - 2022 (USD Million) Chapter 5 North America Home Healthcare Service Outlook 5.1 North America home healthcare revenue share by service, 2014 & 2022 5.2 Home care 5.2.1 Home care market, 2012 - 2022 (USD Million) 5.3 Unskilled home care 5.3.1 Unskilled home care market, 2012 - 2022 (USD Million) 5.4 Durable Medical Equipment (DME) 5.4.1 DME market, 2012 - 2022 (USD Million) 5.4.2 Mobility assistance 5.4.2.1 Mobility assistance market, 2012 - 2022 (USD Million) 5.4.3 Other DME 5.4.4 Other DME market, 2012 - 2022 (USD Million) 5.5 Other 5.5.1 Other market, 2012 - 2022 (USD Million) Chapter 6 North America Home Healthcare Regional Outlook 6.1 Home healthcare market share, by region, 2014 & 2022 6.2 U.S. home healthcare market 6.2.1 U.S. home healthcare market, 2012 - 2022 (USD Million) 6.3 Canada home healthcare market 6.3.1 Canada home healthcare market, 2012 - 2022 (USD Million) 6.4 Mexico home healthcare market 6.4.1 Mexico home healthcare market, 2012 - 2022 (USD Million) Chapter 7 Competitive Landscape 7.1 Wound care 7.1.1 Competitor products 7.1.2 Competitor pricing 7.1.3 Annual unit sales by company 7.1.4 Competitor news and new product developments 7.2 Mattress overlays 7.2.1 Competitor products 7.2.2 Competitor pricing 7.2.3 Annual unit sales by company 7.2.4 Competitor news and new product developments 7.3 Heel protectors 7.3.1 Competitor products 7.3.2 Competitor pricing 7.3.3 Annual unit sales by company 7.3.4 Competitor news and new product developments 7.4 Seating cushions 7.4.1 Competitor products 7.4.2 Competitor pricing 7.4.3 Annual unit sales by company 7.4.4 Competitor news and new product developments
List of Tables TABLE 1 Home Healthcare - Industry Snapshot & Key Buying Criteria, 2012 - 2022 TABLE 2 North America home healthcare market, by product, 2012 - 2022 (USD Million) TABLE 3 North America home healthcare market, by services, 2012 - 2022 (USD Million) TABLE 4 Home Healthcare - Key market driver analysis TABLE 5 Home Healthcare - Key market restraint analysis TABLE 6 Comparative analysis: yearly pay in the U.S., by profession (USD/year) TABLE 7 North America home healthcare market, public reimbursement structure analysis TABLE 8 North America home healthcare market, public reimbursement structure analysis TABLE 9 U.S. home healthcare market, by product, 2012 - 2022 (USD Million) TABLE 10 U.S. home healthcare wound care market, by product, 2012 - 2022 (USD Million) TABLE 11 U.S. home healthcare seating cushion market, by product, 2012 - 2022 (USD Million) TABLE 12 U.S. home healthcare mattress overlay market, by product, 2012 - 2022 (USD Million) TABLE 13 U.S. home healthcare heel protector market, by product, 2012 - 2022 (USD Million) TABLE 14 U.S. home healthcare market, by services, 2012 - 2022 (USD Million) TABLE 15 U.S. home healthcare DME market, by services, 2012 - 2022 (USD Million) TABLE 16 Canada home healthcare market, by product, 2012 - 2022 (USD Million) TABLE 17 Canada home healthcare wound care market, by product, 2012 - 2022 (USD Million) TABLE 18 Canada home healthcare seating cushion market, by product, 2012 - 2022 (USD Million) TABLE 19 Canada home healthcare mattress overlay market, by product, 2012 - 2022 (USD Million) TABLE 20 Canada home healthcare heel protector market, by product, 2012 - 2022 (USD Million) TABLE 21 Canada home healthcare market, by services, 2012 - 2022 (USD Million) TABLE 22 Canada home healthcare DME market, by services, 2012 - 2022 (USD Million) TABLE 23 Mexico home healthcare market, by product, 2012 - 2022 (USD Million) TABLE 24 Mexico home healthcare wound care market, by product, 2012 - 2022 (USD Million) TABLE 25 Mexico home healthcare seating cushion market, by product, 2012 - 2022 (USD Million) TABLE 26 Mexico home healthcare mattress overlay market, by product, 2012 - 2022 (USD Million) TABLE 27 Mexico home healthcare heel protector market, by product, 2012 - 2022 (USD Million) TABLE 28 Mexico home healthcare market, by services, 2012 - 2022 (USD Million) TABLE 29 Mexico home healthcare DME market, by services, 2012 - 2022 (USD Million)
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