HOME HEALTHCARE MARKET ANALYSIS

Market Concentration and Competitive Landscape

Close-monitor your Competitor's Move, Request sample copy

Rising Healthcare Costs

Rising healthcare costs can boost demand for home-based medical services. Treatment and long-term care in hospitals or nursing homes is substantially more expensive as compared to similar services provided at home. Seeking alternatives has become imperative to reduce financial burden on households while continuing requisite treatment. Embracing home healthcare allows cutting down on room charges, expensive facility infrastructure maintenance, and multiple middlemen. It also eliminates costs associated with patient travel and hospital stay like meals and additional medical examinations. Multiple services involved in home treatment like diagnostic tests, nursing, physiotherapy and equipment rentals can be conveniently combined under single roof. This integrated approach streamlines costs and administration as compared to piecemeal availing from different outlets. Significant savings on hospitals have motivated governments and insurance agencies across the world to cover and promote home healthcare packages. With growing preference and expanded coverage, home services have emerged as a cost-effective means of delivering comprehensive long-term and rehabilitative care.