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Home health care refers to a variety of medical services that can be provided in the comfort of your own home to treat a sickness or accident. In most cases, home health care is less expensive, more convenient, and equally as effective as care received in a hospital or skilled nursing facility.
North America dominates the global Home Healthcare Market due to its advanced healthcare infrastructure, favourable reimbursement laws, increased investment in R&D facilities, and huge number of small and large scale healthcare service providers. Europe accounted for the second largest share of the global home healthcare industry, owing to an ageing population, a high prevalence of diabetes and cardiovascular illnesses, and higher healthcare investments by European governments.
The Asia-Pacific home healthcare market, on the other hand, is expected to grow at a rapid rate during the forecast period, owing to an increasing geriatric population, which is prone to many disorders such as orthopaedic, cardiovascular, and others, rising awareness about the cost effectiveness and convenience offered by these products and services, and rising health care expenditures in emerging countries such as India and China, which are projected to be the fastest growing during the forecast period.
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