The U.S. Home Healthcare Market comprises of products and services that help patients in home-based healthcare, disease diagnosis, and treatment. Growing geriatric population prone to chronic diseases such as diabetes, cardiovascular disorders, cancer, etc. has increased the demand for home healthcare products and services.

The global U.S. Home Healthcare Market is estimated to be valued at US$ 23.53 Bn in 2023 and is expected to exhibit a CAGR of 10.% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
The increased adoption of innovative products is one of the key trends fueling the growth of the U.S. Home Healthcare Market. Development and introduction of technologically advanced diagnostic and therapeutic products is helping in early disease diagnosis and home-based treatment. Companies are focused on developing novel devices integrated with artificial intelligence and Internet of Things that can monitor health vitals remotely and alert medical staff in case of emergencies. This allows patients to get treatment from the comfort of their homes. Furthermore, development of smartphone applications that can detect various medical conditions using smartphone sensors is gaining popularity. Easy accessibility and convenience offered by innovative products is encouraging more patients to opt for home healthcare, propelling the market growth.

Segment Analysis
The global U.S. Home Healthcare market is dominated by the professional home healthcare sub-segment due to the increasing geriatric population and the rising prevalence of chronic conditions such as cancer, cardiovascular diseases in the country. This sub-segment involves numerous skilled professionals such as physical therapists, occupational therapists, nurses who provide complex services in home care.

Key Takeaways
The Global U.S. Home Healthcare Market Size is expected to witness high growth during the forecast period of 2023 to 2030. The market size for U.S. Home Healthcare is projected to reach US$ 23.53 Billion in 2023.

Regional analysis
The Western region dominates the U.S Home Healthcare market currently. This is attributed to the high concentration of elderly population and rising healthcare expenditure in states like California. Moreover, the adoption of advanced medical technologies and presence of major players in the region also contributes to its rapid growth.

Key players
Key players operating in the U.S. Home Healthcare market are The 3M Company, Dow Corning Corporation, Honeywell International, Inc., Indium Corporation, Henkel AG & Co, KGaA, Parker Chomerics, Laird Technologies, Inc., Momentive Performance Materials, Inc., Fuji Polymer Industries, Co. Ltd., and Shin-Etsu Chemical Co. Ltd.

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