The U.K home healthcare market size was valued at USD 1,196 Million in 2019 and is growing exhibiting a CAGR of xx% in the forecast period (2019-2028).
A rapid aging population with more than 65 years of age prone to chronic illness such as diabetes,hypertensions, Alizheimer’s mental illness, intinence, e.t.c. are likely to bosst the demand for easy to access and cost effective home healthcare systems. According to provisional figure published by Central Bureau of Statistics(CBS), on Jan 1, 2019, an estimated 3.31 million population in UK was above 65 years old, which accounted for an estimated on 19.4% of the total population of UK.
According to Statistics published, by 2023 the share of thr elderly population will reach to an estimated 23.0% as compared to 19.4% in 2019. This offers an ample opportunity for the UK Home Healthcare products is higher by the elderly population.
Strategies such as constant designing and developing advanced home healthcare products with the aim to offer comfort to the patients at home and emphasis on the mergers and acquisitions are anticipated to increase the revenue generated from home healthcare market.
Another distinguishing characteristic of home healthcare is that clinicians offer medical care to each patient in a unique setting. However, there may be situational variables that present risks to patients that may be difficult to remove. Hospitals have well-equipped environmental safety departments to take care of such instances.