UK Home Healthcare Market Size 2021 | Is Projected to Reach USD 1,951.7 Million by 2026, Exhibiting a CAGR of 6.4%

Top Players Covered in the UK Home Healthcare Market Research Report Molnlycke Health Care, Smith & Nephew plc, ConvaTec Group plc, Coloplast, Braun, Melsungen AG, Hollister Inc., Fresenius Medical Care, Acelity L.P., Medline Industries Inc. and other key market players

/EIN News/ -- Pune, India, May 24, 2021 (GLOBE NEWSWIRE) -- The UK home healthcare market size is projected to reach USD 1,951.7 million by 2026, exhibiting a CAGR of 6.4% during the forecast period. The advanced home healthcare services are expected to increase demand for home healthcare in the UK due to their lower hospitalization rates, states Fortune Business Insights™ in its report titled "UK Home Healthcare Market, 2019-2026." 

The significant hospitalization costs incurred by the National Healthcare Service (NHS) have imposed a huge economical strain on the state. As a result, there is a massive emphasis on adopting UK home healthcare systems to reduce hospital stays. In addition, the prominence of chronic disorders in the geriatric population is responsible for the augment of home healthcare services. For example, as per the data published by the Central Bureau of Statistics (CBS) in January 2019, approximately 3.31 million population which accounts for about 19.4% population in the U.K., were 65 years old. Additionally, the incorporation of advanced technologies is responsible for improving the system's efficiency and reduces dependency upon healthcare professionals. Hence, because of the advantages provided by the UK home healthcare systems, the market is expected to grow during the foreseeable years.

Request a Sample Copy of the Research Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/u-k-home-healthcare-market-100866

Industry Development

May 2021: smol, a fast-growing healthcare brand received a financial backing of USD 34 million to develop new products and undertake expansion in European markets.

Impact of COVID-19

This market is among the lesser affected markets because of the outbreak of pandemic leading to healthcare in homes. The patients and doctors can diagnose the patients in the comfort of their homes using the home healthcare system. However, it is difficult to predict the growth as there are still some sectors in the country, which are adversely affected due to the lack of efficiency to treat the infection. Therefore, due to the dulling effect of the COVID-19 pandemic on the market, it is difficult to predict the future of the market.

Segments 

The market is segmented into product types, such as continence care, wound care, ostomy care, clinical nutrition, respiratory care, equipment, and housekeeping supplies and disposables. 

For more information in the analysis of this report, visit: https://www.fortunebusinessinsights.com/industry-reports/u-k-home-healthcare-market-100866

Advancement in Healthcare Technology to Boost Product Efficiency and Aid Market

The companies are updating their healthcare solutions to enhance the efficiency of the services offered and mitigate the need for one-to-one consultancy. The UK home healthcare service helps the elderly population to complete the prescribed dosages on time and enables them to recover without the need of a healthcare professional. In addition, the continence care system is expected to grow as it aids a majority of the population in the area suffering from urinary and fecal issues.

For example, the NHS estimated about 3 million to 6 million suffering from urinary incontinence. Further, the launch of new payment-based services and the adoption of technologically advanced UK home healthcare services have escalated the product demand and opened up a massive opportunity for the investors to invest in this market, thereby driving the UK home healthcare market share.

Quick Buy UK Home Healthcare Market Research Report: https://www.fortunebusinessinsights.com/checkout-page/100866

Highlights of the Report

This report analyzes the top segments and the latest market trends. It comprehensively studies the impact of COVID-19 on the market and the driving and restraining factors. Additionally, it examines the strategies undertaken by the market's key players and the regional development.

Key Players’ Focus on Acquisition to Strengthen their Market Position

Certain companies have aimed at strengthening their market position by acquiring other companies. For example, Fresenius Medical Care completely acquired NxStage Medical, Inc. in February 2019. The company undertook this acquisition to achieve a robust market position in its home-based hemodialysis machine division. In addition, the companies have acquired companies for delivering personalized care outside hospitals. For example, Royal Philips announced the acquisition of Vital Health, which is a major cloud-based population health solution for delivering personal care to patients outside a hospital. Further, the key players are incorporating technological innovations in the product to improve efficiency and attract consumers. 

Have Any Query? Ask Our Experts: https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/u-k-home-healthcare-market-100866

List of Key Players Profiled in the UK Home Healthcare Market Report

• Molnlycke Health Care
• Smith & Nephew plc
• ConvaTec Group plc
• Coloplast
• Braun
• Melsungen AG
• Hollister Inc.
• Fresenius Medical Care
• Acelity L.P.
• Medline Industries Inc.

Get your Customized Research Report:  https://www.fortunebusinessinsights.com/enquiry/customization/u-k-home-healthcare-market-100866

Detailed Table of Content:

• Introduction
  • Research Scope
  • Market Segmentation
  • Research Methodology
  • Definitions and Assumptions
• Executive Summary
• Market Dynamics
  • Market Drivers
  • Market Restraints
  • Market Opportunities
• Key Insights
  • Reimbursement Scenario
  • Ageing Population Statistics
  • Government Initiatives to Encourage Home Healthcare
  • Home Healthcare Industry Structure
  • Key Industry Developments – Mergers, Acquisitions and Partnerships
• U.K. Home Healthcare Market Analysis, Insights and Forecast, 2015-2026
  • Key Findings / Summary
  • Market Analysis – By Product
    • Continence Care
      • Briefs & Diapers
      • Catheters & Bags
      • Underpads & Liners
      • Others
    • Wound Care
      • Traditional Wound Dressings
      • Advanced Wound Dressings
      • Negative Pressure Wound Therapy
      • Others
    • Ostomy Care
      • Ostomy Care Bags
      • Accessories
    • Clinical Nutrition
      • Parenteral Nutrition
• 5.2.3.2. Enteral Nutrition
  • • Respiratory Care
    • Equipment & Housekeeping Supplies
    • Others
• Competitive Analysis
  • Key Industry Developments
  • Market Share Analysis, 2018
  • Company Profiles (Overview, Products & services, SWOT analysis, Recent developments, strategies, financials (based on availability))
    • Molnlycke Health Care
    • Smith & Nephew plc
    • ConvaTec Group plc
    • Coloplast
    • B. Braun Melsungen AG
    • Hollister Inc.
    • Fresenius Medical Care
    • Acelity L.P.
    • Medline Industries Inc.
• Strategic Recommendations

Have a Look at Related Reports:

Plasma Fractionation Market Size, Share & Industry Analysis, By Product Type (Albumin, Immunoglobulin (Intravenous Immunoglobulin and Subcutaneous Immunoglobulin), Coagulation Factors, Protease Inhibitors and Others), By Application (Immunology & Neurology, Hematology, Critical Care, Pulmonology and Others), By End User (Hospitals & Clinics,) and Geography Forecast, 2019-2026

Orthopedic Implants Market Size, Share & Industry Analysis, By Product (Joint Reconstruction; Spinal Implants; Trauma Implants, Dental Implants; Orthobiologics, and Others) End-user (Hospitals, Orthopedic Clinics, Ambulatory Surgical Centers, and Others) and Regional Forecast, 2019-2026

Vaccines Market Size, Share & Industry Analysis, By Type (Recombinant/Conjugate/Subunit, Inactivated, Live Attenuated and Toxoid), By Route of Administration (Parenteral and Oral), By Disease Indication (Viral Diseases and Bacterial Diseases), By Age Group (Pediatric and Adults), By Distribution Channel (Hospital & Retail Pharmacies, Government Suppliers and Others) and Region Forecast, 2019-2026
Contraceptive Pills Market Size, Share & Industry Analysis, By Type (Combination Pills and Progestin-only Pills), By Distribution Channel (Hospital Pharmacy, Retail Pharmacy, Clinics, Online Channel, Public Channel & NGO, and Others) and Regional Forecast, 2019-2026

About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

At Fortune Business Insights™ we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

Contact Us:

Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.

Phone:
US :+1 424 253 0390
UK : +44 2071 939123
APAC : +91 744 740 1245
Email: sales@fortunebusinessinsights.com
Fortune Business Insights™
LinkedIn | Twitter | Blogs

Press: https://www.fortunebusinessinsights.com/press-release/uk-home-healthcare-market-9161