Europe Home Healthcare Market Size, Share, Growth Analysis, By Product type(therapeutic, diagnostic, and mobility assist), By Indication type(diabetes, pregnancy, wound care, cancer), By Region - Industry Forecast 2024-2031

Report ID: SQMIR35D2243 | Region: Regional | Published Date: February, 2024
Pages: 241 | Tables: 67 | Figures: 75

Europe Home Healthcare Market Dynamics

Europe Home Healthcare Market Drivers

Demand for Distant Healthcare to Bolster Market Growth

Newer technology has greatly boosted the current flow of communication between patients and healthcare professionals, enabling better, quicker, and more efficient care. The successful fusion of medical devices and information and communication technology (ICT), for instance, as well as the provision of healthcare over long distances, are what eventually fuel market expansion in remote patient monitoring.

Rise in demand for Home Healthcare this is because non-skilled workers, caregivers, services, doctors, and different home healthcare equipment are more convenient in homecare settings, and because healthcare costs at local hospitals are rising.

Europe Home Healthcare Market Restraints

Limitations applied in the Home Healthcare to Hinder Market Growth

Common restraints were used, including belts, bed rails, geriatric chairs, and other restraints. According to reports, nurses restricted patients' freedom of movement by blocking access to stairs, rearranging areas of the home, putting medication away, shutting off the gas, and locking the front door.

Europe Home Healthcare Market Report Snapshots

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Europe Home Healthcare Market size was valued at USD 104.89 billion in 2022 and is poised to grow from USD 112.87 billion in 2023 to USD 202.80 billion by 2031, growing at a CAGR of 7.6% in the forecast period (2024-2031).

Due to the existence of numerous foreign and local companies, the European home care industry is highly fragmented. Additionally, it is predicted that the consolidation efforts made by global corporations will intensify rivalry among emerging and regional market competitors. 'Fresenius SE & Co. KGaA', 'Philips Healthcare', 'Medline Industries, Inc.', 'B. Braun Melsungen AG', 'Air Liquide S.A.', 'Becton, Dickinson and Company', 'Convatec Group Plc', 'Hill-Rom Holdings, Inc.', 'Linde AG', 'Abbott Laboratories', 'Roche Holding AG', 'Siemens Healthineers AG', 'Cardinal Health, Inc.', 'Medtronic plc', 'Johnson & Johnson', 'Baxter International Inc.', 'General Electric Company', '3M Company', 'Smith & Nephew plc', 'Danaher Corporation'

Newer technology has greatly boosted the current flow of communication between patients and healthcare professionals, enabling better, quicker, and more efficient care. The successful fusion of medical devices and information and communication technology (ICT), for instance, as well as the provision of healthcare over long distances, are what eventually fuel market expansion in remote patient monitoring.

The home healthcare market in Europe has expanded tremendously. A major factor in the market's growth has been the rising cost of healthcare, which has shifted the focus of treatment from hospitals to homes. The business is expanding even more quickly as a result of government attempts to improve home healthcare.

In 2022, Germany will lead the European market for home healthcare. A significant portion of the population in this area is elderly, and there is also a well developed healthcare system and relatively greater levels of disposable income. Several factors are anticipated to propel the market throughout the projected period, including the expanding geriatric population in major economies like Germany, the U.K., France, and Italy as well as the presence of significant unexplored potential in Eastern Europe.

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Europe Home Healthcare Market Size, Share, Growth Analysis, By Product type(therapeutic, diagnostic, and mobility assist), By Indication type(diabetes, pregnancy, wound care, cancer), By Region - Industry Forecast 2024-2031

Europe Home Healthcare Market Dynamics

Europe Home Healthcare Market Report Snapshots

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