The Germany home healthcare market will expand considerably in the coming years due to favorable health reimbursement policies in the country. 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%.
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Home healthcare has been at the forefront of medical advances in European countries. Among the European nations, Germany has emerged as one of the leading countries to embrace advanced technologies across several domains. Home healthcare has gained popularity due to reasons such as the adoption of a fast-paced lifestyle, increasing geriatric population, and the reluctance for prolonged hospital stays.
Several German companies are investing in the research and development of medical kits that are suitable for home healthcare. Altogether, the aforementioned factors will favor the growth of the Germany home healthcare market in the forthcoming years.
Some of the Main Key Players Covered in the Report
- Medline Industries Inc.
- Acelity L.P.
- Fresenius Medical Care
- Hollister Inc.
- Braun Melsungen AG
- ConvaTec Group plc
- Molnlycke Health Care
Fresenius’s Acquisition of NxtStage will Boost Germany’s Home Healthcare Market
The Germany home healthcare market will gain traction in the coming years as several companies have upped their investments in the research and development of home healthcare products. Leading companies are playing a huge part in the growth of the home healthcare market in Germany. In 2017, Fresenius Medical, a leading healthcare company in Germany, struck a US$ 2 Bn deal for the acquisition of NxtStage Medical Inc. NxtStage is a leading manufacturer of home dialysis equipment and Fresenius’ latest acquisition will favor the overall home healthcare market in Germany. The report includes company mergers, similar to Fresenius’ latest takeover and gauges the impact of such mergers and acquisitions on the Germany home healthcare market.
Germany Identified as One of the Five ‘Super-Aged’ Countries; Home Healthcare Market Holds Massive Potential
The adoption of home healthcare services is high among the geriatric population. Fortune Business Insights states that the increasing geriatric population in Germany will favor the growth of the home healthcare market in this nation. The American Association of Retired Persons (AARP) has included Germany in the top five ‘Super-Aged’ countries.
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The AARP states that the total people over the age of 65 will continue to rise in the coming years and by 2050, it will account for almost one-third of the total population in Germany. Coupled with the increasing ageing population, product advancements will aid the growth of the home healthcare market in Germany in the forthcoming years.
The report offers qualitative insights into the Germany home healthcare market and provides a detailed analysis of several companies operating in the market. Moreover, the report gauges the impact of the latest business strategies adopted by these companies on the overall market.
The report forecasts market values for a mentioned forecast period and signifies leading product types and their sales predictions, along with their influence on market growth. Finally, the report provides segmentation of the market based on several product types.
Among all companies, a few 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.
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