Companies in this industry provide specialized health care services such as oxygen tank delivery and in home nursing to individuals in their homes. Many of these companies are heavily dependent on Medicaid and Medicare as sources of revenue.
According to a new market report published by Transparency Market Research "Home Healthcare Market - Global Industry Size, Market Share, Trends, Analysis and Forecast, 2012 - 2018", (http://www.transparencymarketresearch.com/home-healthcare-market.html) the global home healthcare market is estimated to be worth USD 195.6 billion in 2012 and is expected to reach the value of USD 305.9 billion by 2018, growing at a CAGR of 7.7% from 2012 to 2018. The Americas region is expected to lead the global home healthcare market in terms of revenue till 2018. The total home healthcare market in the Americas is expected to reach the value of USD 150.8 billion by 2018 followed by Europe with total revenue of USD 80.5 billion.
The shift from conventional treatment to proactive monitoring is opening up new opportunities in the home Healthcare market. Patients prefer such services mainly because of convenience and cost effectiveness. Third party healthcare service is also in growing demand due to better quality of treatment provided by trained professionals.
Home Healthcare services are provided by healthcare professionals to patients at their own homes. These services are also called formal or skilled care services. Respiratory therapy, rehabilitation services, home infusion therapy, unskilled home care, telehealth, etc. are some major home Healthcare services provided.