U.K. Home Healthcare Market Size to Surpass USD 2.60 Billion by 2030, exhibiting a CAGR of 7.1%

As per the report by Fortune Business Insights, the U.K. Home Healthcare Market size is projected to reach USD 2.60 Billion by 2030, at a CAGR of 7.1% during the forecast period

U.K. Home Healthcare Market

Pune, India, Oct. 16, 2023 (GLOBE NEWSWIRE) — The U.K. home healthcare market size was valued at USD 1.50 billion in 2022 and it is projected to grow from USD 1.61 billion in 2023 to USD 2.60 billion by 2030, exhibiting a CAGR of 7.1% during the forecast period.

Home healthcare services are given at home for any injury or sickness. These services are convenient, efficient, and less expensive. The rising geriatric population and increasing prevalence of chronic diseases, such as ostomy and diabetic foot ulcers, drive the market during the forecast period. The growing shift in healthcare service delivery from traditional institutional settings to home care drives market growth.

Fortune Business Insights™ mentioned this in a report titled “U.K. Home Healthcare Market, 2023-2030.”

Notable Industry Development-

March 2023: Bactiguard has launched effective and biocompatible wound care products in Ireland and the U.K.

Request A Research Sample PDF: https://www.fortunebusinessinsights.com/enquiry/sample/u-k-home-healthcare-market-100866

Key Takeaways:

• The aging population, the increasing prevalence of chronic diseases, and the rising cost of hospital care are driving the growth of the U.K. home healthcare market.
• The U.K. home healthcare market is segmented by service type, patient type, and end-user.
• The key players in the U.K. home healthcare market are Bupa, Care UK, Allied Healthcare Group, and Optum.
• These companies are investing in expanding their reach, developing new services, and acquiring smaller players to maintain their competitive edge in the market.
• The U.K. home healthcare market is facing some challenges, such as the shortage of skilled healthcare professionals, the rising cost of living, and the increasing complexity of care needs.

Discover the Leading Players Featured in the Report:

Major players in the U.K. home healthcare market are Coloplast Corp (Denmark), B. Braun SE (Germany), Hollister Incorporated (U.S.), Convatec Group PLC (U.K.), Smith+Nephew (U.K.), Mölnlycke Health Care AB. (Sweden), 3M (U.S.), Fresenius Medical Care AG & Co. KGaA (Germany), Medline Industries, Inc. (U.S.).

Report Scope:

Browse Complete Report Details: https://www.fortunebusinessinsights.com/industry-reports/u-k-home-healthcare-market-100866

Drivers & Restraints-

Rising Demand for Home Healthcare Services to Drive Market Growth

The increasing chronic disease cases have created a substantial burden in the U.K. These scenarios are rising average hospital admissions, further driving the U.K. home healthcare market growth. The rising patients’ preference for cost-effective options, such as home healthcare services, will propel market growth during the projected period. The benefits of homecare settings, such as decreased infection risks in many ways, further propel market growth during the forecast period.

However, psychological abuse for integrated learning will impede market growth during the projected period.

Report Scope & Segmentation:

By Product

• Continence Care
  • Briefs & Diapers
  • Catheters & Bags
  • Underpads & Liners
  • Others
• Wound Care
  • Traditional Wound Dressings
  •  Advanced Wound Dressings
  •  Negative Pressure Wound Therapy (NPWT)
  •  Others
• Ostomy Care
  • Ostomy Care Bags
  • Accessories
• Clinical Nutrition
  • Parenteral Nutrition
  • Enteral Nutrition
• Respiratory Care
• Housekeeping Supplies & Equipment
• Others

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

Rising Adoption of Technologies Drove the Housekeeping Supplies & Equipment Segment Growth

By product, the market is divided into continence care, wound care, ostomy care, clinical nutrition, respiratory care, housekeeping supplies & equipment, and others. The housekeeping supplies & equipment market held the largest U.K. home healthcare market share in 2022. The growth is attributed to the adoption of advanced technologies and the growing geriatric population in the U.K.

The continence care segment accounted for the second-largest market share during the forecast period due to the large population suffering from fecal incontinence issues in the U.K.

Report Coverage-

The report offers:

• Major growth drivers, restraining factors, opportunities, and potential challenges for the market.
• Comprehensive insights into regional developments.
• List of major industry players.
• Key strategies adopted by the market players.
• The latest industry developments include product launches, partnerships, mergers, and acquisitions.

Competitive Landscape-

Rising Investments by Key Players to Drive Market Growth

The market includes Smith+Nephew, Hollister Incorporated, Coloplast Corp, Convatec Inc., and Mölnlycke Health Care AB. These players accounted for a significant market share in 2022 owing to the increasing investments, mergers & acquisitions. The increasing emphasis on partnerships and collaborations with several other key players to strengthen their product portfolio to propel market growth during the projected period.

Ask For Customization:  https://www.fortunebusinessinsights.com/enquiry/ask-for-customization/u-k-home-healthcare-market-100866

FAQ’s

How Big Is The U.K. Home Healthcare Market?

U.K. Home Healthcare Market Size Is USD 1.61 billion in 2023.

How Fast is the U.K. Home Healthcare Market Growing?

The U.K. Home Healthcare Market will exhibit a CAGR of 7.1% during the forecast period, 2023-2030

Related Reports:

Home Healthcare Market Share, Trends and Forecast To 2030

U.S. Home Healthcare Services Market Size, Share, Trends, Growth | Global Forecast Report 2030

Germany Home Healthcare Market Size, Share| Global Forecast Report 2030

Netherland Home Healthcare Market Trends, Growth | Global Forecast Report 2030

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. 

Contact Us:

Fortune Business Insights Pvt. Ltd.
9th Floor, Icon Tower,
Baner – Mahalunge Road, Pune-411045,
Maharashtra, India.

Phone:

US: +1 424 253 0390
UK: +44 2071 939123
APAC: +91 744 740 1245
Email: sales@fortunebusinessinsights.com

Attachment

• U.K. Home Healthcare Market