Home Healthcare Supplies Expenditure in the United States: Stats Revealed!
Summary
- The average monthly expenditure on home healthcare supplies for medical devices is higher compared to consumables in the United States.
- Recent survey data indicates a growing demand for home health care services in the country.
- There is a significant market opportunity for companies offering home healthcare supplies in the United States.
Home health care has become increasingly popular in the United States as more individuals prefer to receive medical care in the comfort of their own homes. This trend has led to a growing demand for home healthcare supplies, including medical devices and consumables. In this article, we will explore the average monthly expenditure on home healthcare supplies for medical devices compared to consumables based on recent survey data in the United States.
According to a report by the Centers for Disease Control and Prevention (CDC), the number of Americans receiving home health care services has been on the rise in recent years. The report estimates that over 4.5 million patients received home health care in 2020, and this number is expected to increase in the coming years.
Survey Data on Home Health Care Expenditure
A recent survey conducted by the National Association for Home Care & Hospice (NAHC) found that the average monthly expenditure on home healthcare supplies for medical devices was higher compared to consumables in the United States. The survey collected data from over 1,000 households across the country.
Monthly Expenditure on Medical Devices
- The survey data revealed that the average monthly expenditure on medical devices for home health care was $300 per household.
- Popular medical devices included blood pressure monitors, glucose meters, and oxygen tanks.
- Patient preferences and individual medical needs often dictate the type of medical devices purchased for home health care.
Monthly Expenditure on Consumables
- In comparison, the average monthly expenditure on consumables for home health care was $200 per household, according to the survey data.
- Consumables such as wound care supplies, adult diapers, and disposable gloves are essential for daily home health care tasks.
- Consumables are often purchased in bulk to ensure a continuous supply for patients.
The survey data indicates a significant market opportunity for companies offering home healthcare supplies in the United States. With the growing demand for home health care services, there is an increasing need for high-quality and affordable medical devices and consumables.
Market Size and Growth Projections
According to a market research report by Grand View Research, the global home health care market size was valued at $305.7 billion in 2020 and is projected to grow at a compound annual growth rate (CAGR) of 7.9% from 2021 to 2028. The report attributes this growth to an aging population, increasing prevalence of chronic diseases, and advancements in home health care technology.
Competitive Landscape
The home healthcare supplies market in the United States is highly competitive, with several key players dominating the industry. Some of the leading companies in the market include Medline Industries, McKesson Corporation, and Cardinal Health. These companies offer a wide range of medical devices and consumables for home health care services.
Challenges and Opportunities
While the home health care industry presents lucrative opportunities for suppliers, there are also challenges that need to be addressed. These include regulatory hurdles, Reimbursement issues, and competition from online retailers. However, companies that can overcome these challenges and provide innovative solutions stand to benefit from the growing demand for home healthcare supplies in the United States.
Recent survey data indicates that the average monthly expenditure on home healthcare supplies for medical devices is higher compared to consumables in the United States. With the growing demand for home health care services, there is a significant market opportunity for companies offering high-quality and affordable medical devices and consumables. The home healthcare supplies market is expected to continue to grow in the coming years, presenting both challenges and opportunities for suppliers in the industry.
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