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Germany Home Healthcare Market to Rise Impressively at 5.6%; Expected to Gain Impetus from Technological Advancements in Home Dialysis Equipment

July 04, 2019 | Healthcare

The Germany Home Healthcare Market will gain traction from the high prevalence of digestive disorders and malnutrition. According to a report published by Fortune Business Insights, titled “Home Healthcare: Germany Market Analysis, Insights and Forecast, 2019-2026,” the market was valued at US$ 2,874.7 Mn in 2018. Fortune Business Insights has predicted that the market will reach US$ 4,446.9 Mn by the end of 2026 and exhibit a CAGR of 5.6%.


The existence of favorable health reimbursement policies is considered a chief growth driver of global Germany home aiding the expansion of the overall market. Recent trends such as the adoption of technologically advanced devices are creating several growth opportunities for the market. Fortune Business Insights’ report provides an in-depth analysis of the ongoing trends and advancements in the Germany home healthcare market. Additionally, the report profiles some of the leading companies in the market and signifies the importance of these companies and their impact on the growth of the market.


Equipment and Housekeeping Supplies to Witness High Demand


The report segments the Germany home healthcare market based on product types. Products witnessing high demand include continence care, ostomy care, and equipment and housekeeping supplies. Fortune Business Insights has predicted that the equipment and housekeeping segment will witness high demand in the forthcoming years. The rise of the equipment and housekeeping segment can be credited to the advent of wearable monitoring as well diagnostic equipment in recent years.

The shift of preference to wearable devices from standalone and hospital devices will contribute to the increasing demand for home healthcare devices. Furthermore, reimbursement policies favouring equipment and housekeeping devices will aid growth of this segment in the coming years. Besides equipment and housekeeping supplies segment, the continence care segment will witness considerable growth. Fortune Business Insights states that the continence care segment accounted for almost 11.6% of the total market share in 2018.


Coloplast, Smith and Nephew and SCA will Account for the Highest Market Share


The Germany home healthcare market derives growth from the latest business strategies adopted by several companies operating in this region. The emphasis of these companies on the research and development (R&D) of devices such as home dialysis equipment and wearable devices has contributed to the growth of the home healthcare market in Germany. In the ostomy care segment, Coloplast accounted for a major share of the market, accounting to its efforts to better its portfolio of novel ostomy care accessories.

Besides Coloplast, Smith & Nephew and SCA have made significant contributions in the wound care and continence care segments respectively. SCA has emerged as the leading company in the continence care segment due to its strategy to focus in the niche areas of the country. Fortune Business Insights states that together, these three companies will account for the highest market share in the coming years.


Some of the leading companies that are operating in the Germany home healthcare market are Medline Industries Inc., Acelity L.P., Fresenius Medical Care, Hollister Inc., B. Braun Melsungen AG, ConvaTec Group plc, and Molnlycke Health Care.


Browse Complete Report Details: https://www.fortunebusinessinsights.com/industry-reports/germany-home-healthcare-market-100801


SEGMENTATION














 SEGMENTATION



 DETAILS



By Product



·      Continence Care


o    Briefs & Diapers


o    Catheters & Bags


o    Underpads & Liners


o    Others


·      Ostomy Care


o    Ostomy Care Bags


o    Accessories


·      Clinical Nutrition


o    Parenteral Nutrition


o    Enteral Nutrition


·      Wound Care


o    Advanced Wound Dressings


o    Traditional Wound Dressings


o    Negative Pressure Wound Therapy (NPWT)


o    Others


·      Respiratory Care


·      Equipment & Housekeeping Supplies


·      Others


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