Home-Based Point of Care Market Report, Size 2021 Global Industry Trends, Segments, Competitors Strategy, Regional Analysis, Key Players, Statistics and Growth to 2027

 

As per UnivDatos Market Insights, Home-Based Point of Care Market was valued at US$ 5,897.4 million in 2020 and is expected to reach US$ 17,457.2 million by 2027, registering a CAGR of 16.9% during the forecast period (2021-2027).

The surge in the Home-Based Point of Care Market is due to the rising geriatric population and growing incidents of chronic & infectious diseases among the people all over the world. In addition to this, the rise in spending in the healthcare sector coupled with emerging advancements in technology, higher patient satisfaction rates and better care efficiencies are some other major factors that are driving the growth of the market globally. For instance, according to OECD in 2019, it is estimated that the United States spent 17.0% share of their GDP on health in 2019 which was the highest share, while Turkey allocated around 4.4% of its GDP in the same year.

The report “Global Home-Based Point of Care Market: Current Analysis and Forecast (2020-2027)” by UnivDatos Market Insights delivers a comprehensive analysis of product, services, purpose, types, and region.

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Global Home-Based Point of Care Market Segmentation

By Product:

·         Therapeutic

·         Diagnostic

·         Mobility Assist

By Services:

·       Physician/primary care

·       Nursing care

·       Physical/occupational/ speech therapy

·       Nutritional support

·       Hospice & palliative care

·       Other skilled home care services

·       Unskilled home-based care

·       Intensive & Critical Care

·       Injuries & Accidental Deformity

·       Nutrition & General Consultancy

·       Others

By Region:

• North America

Ø  United States

Ø  Canada

Ø  Rest of North America

• Europe

Ø  France

Ø  Germany

Ø  Italy

Ø  Spain

Ø  United Kingdom

Ø  Rest of Europe

• Asia-Pacific

Ø  China

Ø  Japan

Ø  India

Ø  Rest of Asia-Pacific

• Rest of World

Based on Products, the market has been further segmented in Therapeutic, Diagnostic, and Mobility Assist. The Diabetic care unit in the diagnostic segment generated the highest revenue in 2020. The market is expected to grow at a significant rate during the forecast period due to the success of hand-held glucose meters, owing to their high acceptance rate among the population across the world. For example, according to Statista, Private label blood-glucose meters generated the highest sales in the product category, at 167.5 million U.S. dollars in 2019 whereas the second best-selling blood glucose meter brand in that year was Lifescan One Touch Ultra with nearly 32.2 million U.S. dollars in sales.

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Amongst Services, the market is divided into Physician/primary care, Nursing care, Physical/occupational/ speech therapy, Nutritional support, Hospice & palliative care, Other skilled home care services, and Unskilled home-based care. The Nursing care segment dominated the market due to the increase in chronic diseases and increasing geriatric population worldwide where skilled nurses can deliver better Home-based point of care to the patients at their homes. For instance, according to US Bureau of Labour Statistics in 2020, There will be 210,400 nurse job openings each year, which signifies an increase of about 6,000 annual nurse job openings a year from the 2016-2026 employment projections.

Additionally, this report also provides insights into the global Home-Based Point of Care market according to the regions such as North America, Europe, Asia-pacific, and the rest of the world. North America constitutes a major market for the Home-based Point of Care industry and generated the maximum revenue owing to the presence of key companies and healthcare infrastructure with the highest spending on healthcare. Moreover, a raise in funding for research and development along with timely approvals of FDA are also augmenting the demand in the region. For instance, US government announced to invest USD 775 billion to enlarge access to home-based health care delivery for nation’s aging population.

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Key players

The market is highly fragmented due to the presence of different large, small, and medium-scale players. The market of Home-Based Point of Care is highly competitive. Some of the key players that hold major market share include companies are:

• Siemens Healthineers
• Abbott Laboratories
• Danaher Corporation
• Johnson & Johnson
• Nova Biomedical
• F. Hoffmann-La Roche AG
• Trinity Biotech
• Qiagen
• Becton Dickinson (BD)
• Biomerieux SA