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global home healthcare market projected to reach 530.9 billion by 2032
The Global Home Healthcare Market is projected to reach USD 530.9 billion by 2032, growing at a CAGR of 8.4%. The report provides an in-depth analysis of market dynamics, competitive landscape, and regional insights, highlighting key players and emerging trends shaping the industry. Comprehensive data on market segmentation, sales channels, and future forecasts are also included, offering valuable insights for stakeholders and investors.
home healthcare equipment market projected to reach 50 billion by 2028
The home healthcare equipment market is projected to grow from $34.22 billion in 2023 to $50.1 billion by 2028, driven by an aging population, technological innovations, and the rising burden of chronic diseases. Key trends include remote patient monitoring and smart home integration, enhancing patient care and engagement. Major players in the market include Baxter International Inc., Becton Dickinson and Company, and Abbott Laboratories, among others.
Otsuka and ICU Medical form joint venture to enter US IV market
Otsuka has partnered with ICU Medical to enter the U.S. IV products market, leveraging ICU's Austin plant and aiming to enhance supply chain redundancy following disruptions from Hurricane Helene. The joint venture will focus on innovative PVC-free technologies and seeks FDA approval for overseas manufacturing sites. Investors reacted positively, with ICU Medical's shares rising over 1% amid a mixed financial report for Q3 2024.
baxter international maintains neutral rating amid diverse medical product offerings
Baxter International Inc. focuses on developing, manufacturing, and marketing medical devices and pharmaceuticals, with net sales divided among various product families. Key segments include pharmaceuticals and medical devices (33.8%), kidney dialysis products (30.1%), and drug administration systems (15.2%). Notably, exports represent 52.7% of total net sales.
baxter international maintains neutral rating amid diverse medical product offerings
Baxter International Inc. focuses on developing, manufacturing, and marketing medical devices and pharmaceuticals, with net sales divided among various product families. Key segments include pharmaceuticals and medical devices (33.8%), kidney dialysis (30.1%), and systems for medicine administration (15.2%). Notably, exports represent 52.7% of total net sales.
global healthcare services market poised for significant growth through 2028
The global healthcare services market is projected to grow from $8,348.44 billion in 2023 to $8,963.64 billion in 2024, driven by advancements in medical technology, an aging population, and health insurance expansion. By 2028, it is expected to reach $10,908.99 billion, with key trends including telemedicine integration and patient-centered care. Shared medical appointments are gaining traction as a cost-effective model for managing chronic conditions, enhancing patient outcomes through collaborative care.
healthcare mergers and acquisitions face decline amid regulatory scrutiny and economic pressures
Healthcare M&A activity declined by 2.8% in Q3 2024, reaching its lowest level since Q3 2020, influenced by high borrowing costs and regulatory scrutiny. Notable transactions included Orlando Health's acquisition of three Florida hospitals from Steward Health Care for $439.4 million, part of Steward's divestiture following bankruptcy. The Professional Services sector led in transaction volume, particularly in dentistry, while private equity funding in announced deals fell to 7%.
healthcare mergers and acquisitions face challenges amid declining transaction activity
In Q3 2024, healthcare mergers and acquisitions in the U.S. saw a 2.8% decline, continuing a downward trend. Notable transactions included TowerBrook Capital's $8.9 billion acquisition of R1 RCM Inc. and Orlando Health's $439.4 million purchase of three Florida hospitals from Steward Health Care. Despite high borrowing costs and regulatory scrutiny, the hospital sector experienced a 50% increase in activity, driven by divestitures from Steward Health Care.
healthcare waste management system market trends and growth forecast 2024 to 2032
The Healthcare Waste Management System Market is poised for significant growth from 2024 to 2032, driven by evolving market dynamics and consumer behavior. Key players, including Stericycle and Johnson & Johnson, are enhancing competitiveness through strategic partnerships and technological advancements. The report provides a comprehensive analysis of market trends, challenges, and opportunities across various regions, aiding stakeholders in informed decision-making.
Baxter to Increase Home Dialysis Patient Enrollment After Hurricane Disruptions
Baxter International Inc. plans to increase the number of new home dialysis patients after limiting enrollment due to hurricane damage at a plant. The company aims to restore new patient starts to pre-Hurricane Helene levels by the end of the year.
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