New York, NY 08 May 2021: The global home healthcare market is estimated to reach USD 447.6 billion by 2025 growing at a CAGR of 8.3% during the forecast period, according to a new study published by Polaris Market Research. The report ‘Home Healthcare Market Size, By Component Type (Equipment – (Mobility Assist, Therapeutic, Diagnostics), Service – (Infusion Therapy Services, Telemetry, Respiratory Therapy Service, Rehabilitation, Unskilled Home Care)), By Region: Segment Forecast, 2018 – 2026’ provides an extensive analysis of present market dynamics and predicted future trends.
The rising geriatric population globally and increasing workforce of home healthcare service providers. Moreover, increasing demand for home healthcare, and large number of population suffering from chronic disease that require long term care would retain the home healthcare market. While, increasing mergers and acquisitions between the manufacturers to tap the potential market will also influence the entire industry. However, high cost of service providers can hinder market in the near future.
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The major players in the market include GE Healthcare, McKesson Corporation, Roche Holding AG, Linde Corporation, Abbott Laboratories, Omron Healthcare, Philips Healthcare, A&D Company, Kindred Healthcare, LHC Group, Fresenius, Kinnser Software.
Regionally, North America holds the major share of the global home healthcare market. This report cover the following regions: North America, Europe, Asia-Pacific, Latin America, and MEA. In terms of geography, North America accounted majority share in the global market due to huge number of older population that require home care. While, Asia Pacific has a profitable market during the forecast period. This growth is primarily driven by the increasing investment and awareness for home care services in the developing countries on improving the healthcare infrastructure.
Key Take-away
- Based on product type, service dominate the market in 2017.
- On the basis of geography, the North America’s region dominates the home healthcare market. whereas, Asia Pacific is would notice high growth rate during the forecast period.
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The Spirulina Market is expected to grow at a CAGR of 10.3% from 2020-2030, according to a new research report by Next Move Strategy ConsultingSpirulina is a blue green algae with high nutrient content, usually consumed by human & animals.
It is also used as a complementary diet ingredient in aquaculture & poultry feeds owing to the presence of high protein & vitamin content.According to the report, growth in health consciousness among people and the rising demand for dietary supplements are major factors driving the spirulina market growth.
Additionally, high penetration of spirulina in industries such as cosmetics and pharmaceutical owing to the advantageous properties such as anti-aging, anti-wrinkles and othersare bringing changes in market tends.However, low stability & poor sustainability of spirulina derived colours is expected to restrict the market growth.Moreover, growth in research & development activities followed by untapped market opportunities in developing economies are anticipated to provide numerous opportunities to the market players in the coming few years.On the basis of type, spirulina market share is segmented into Arthrospira Platensis and Arthrospira Maxima.
Arthrospira Maxima dominates the global Spirulina market and will be the dominant throughout the forecasted period.On the basis of application, the Spirulina market is categorised into Nutraceuticals, Food & Beverages, Cosmetics, Animal Feed, and Others.Food & Beverages segment is likely to develop significantly over the period of time owing to fast growing food & beverage industry.On the basis of drug formulation, the spirulina market is bifurcated into Powder, Tablet & Capsule, Liquid, and Granule & Gelling Agent.
Powder segment is expected to account for the major market share & dominate the market growth over the forecast period.North America dominates the spirulina market in terms of market size over the forecast period, owing to rising health consciousness among people.
Hansen Holding A/S, Algenol Biofuels Inc., Dongtai City Spirulina Bio-engineering Co., Ltd., Prolgae, Parry Neutraceuticals, Sensient Technologies Corporation, DDW Inc., Algatec and Naturex S.A.Browse key industry insights from the report, “Spirulina Market Size By Type (ArthrospiraPlatensis and Arthrospira Maxima) By Application (Nutraceuticals, Food & Beverages, Cosmetics, Animal Feed, and Others), By Drug Formulation (Powder, Tablet & Capsule, Liquid, and Granule & Gelling Agent)Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, China, India, Japan, Australia, Indonesia, Malaysia, South Korea, Brazil, Mexico, South Africa, Saudi Arabia, UAE, Kuwait), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020–2030” in detail along with the table of contents:Key Insights from the Spirulina Market Report:Asia Pacific is the fastest growing region in Spirulina market owing to the rising demand of spirulina from various industries such as cosmetics, food , healthcare and others and government initiatives to promote local spirulina production.The Food & Beverages segment dominates the market in terms of application and is expected to grow at a significant CAGR to maintain the lead till 2030.Some of the major players in the market are DIC Corporation, Cyanotech Corporation, Chr.
