The home-based point of care delivered by the medicare and several other payers entails a wide range of services that are provided in a patient’s home, comprising injections, chronic wound care and post-operative, rehabilitation, physical therapy, nutrition therapy or intravenous and several others. Such forms of amenities can be lifeline for the susceptible patients, comprising the medicare populace that is both at greater perils of developing severe complications from COVID-19 and more probable to endure chronic syndromes which is possibly a lethal combination. For instance, in mid-July 2020 Joe Biden the president of the US announced as portion of his presidential campaign a policy proposal to invest USD 775 billion to enlarge admittance to home-based health care delivery for the nation’s aging populace.
According to the report analysis, ‘Home-Based Point of Care Market: Current Analysis and Forecast (2021-2027)’ states that Siemens Healthineers, Abbott Laboratories, Danaher Corporation, Johnson & Johnson, Nova Biomedical, F. Hoffmann-La Roche Ag, Trinity Biotech, Qiagen, Becton Dickinson (Bd), Biomerieux Sa and many more are the key entities which recently operating in the home-based point of care market more actively for leading the highest market growth and registering the great value of market share around the globe during near years while increasing the benefits and applications of such, employing the young and active personnel, delivering the better consumer satisfaction, decreasing the associated prices of such, analysing the strategies and policies of government as well as entities, implementing the policies of enlargement and profit making, establishing the several research and development programs, and improving the qualitative and quantitative measures of such.
In addition, the major aim which is propelling the implementation of home-based point of care is the growth in COVID-19 cases as it has proven itself as a health care revolution catalyst, boosting the advantages and growth potential of the home-based point of the care industry. While the wider consumption of home-based point of care services pursues to face a multitude of challenges most notably from the coverage, expenditure and policy perspective. The future of home-based point of care is brighter than ever before.
Based on the types, the market is segmented into the home-based healthcare monitoring, home-based healthcare services and home-based healthcare software solutions. The home-based software solutions segment gripped the foremost market as it offers a solution to reorganize operation, thereby supporting corporates keep well-informed of regulatory and guideline conversions and develop patient care.
Additionally, for a better understanding of the market implementation of the home-based point of care, the market is analysed reliant on its worldwide existence in the region likewise North America, Europe, Asia Pacific and rest of the world. Whereas, the North America constitutes a foremost market for the home-based point of care industry and created the maximum revenue during 2020 due to the existence of foremost entities and the healthcare infrastructure with the highest spending on healthcare. Therefore, in the near years, it is predicted that the market of home-based point of care will increase around the globe more effectively over the upcoming years.
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Ankur Gupta, Head Marketing & Communications