Home Healthcare Services could as much as double in next decade
The global home healthcare services are expected to expand at a compound annual growth rate (CAGR) of 7.93% from 2022 to 2030. The growing elderly population and increasing prevalence of chronic diseases are factors expected to fuel industry growth. Increase in medical cost and the high risk of acquiring infection at hospitals are main concerns for individuals and their families looking at healthcare serving as a major alternative option.
“The UAE is one of the most favored destinations for individuals looking for retirement. With age, people need customized care and convenience, which can be expensive at hospitals and clinics. Home healthcare is a cost-efficient replacement to a costly hospital stay. It includes a broad variety of healthcare facilities for ailment in homecare settings. The aim is to cure and enhance health outcomes of a patient at the comfort of the home beside their loved ones. These services are convenient, efficient and affordable for elderly patients or people with serious illnesses,” said Dani Tabbara, COO of Al Tamimi Investments.
As one of the oldest home healthcare providers in the UAE, Emirates Home Nursing, a division of Al Tamimi Investments, was established with a mission to provide world class home healthcare services and give back to the community, that has allowed it to become a well-respected health care provider with a proven track record of quality and consistency. As one of the most reputed home healthcare care providers, Emirates Home Nursing is inspiring patients through its successful stories for the past twelve years. The home healthcare service provider has a team of licensed healthcare professionals that are dedicated to providing excellence in care. From nurses to assistants, they are committed to the guidelines set by the Dubai Health Authority and international accreditation standards as well.
Studies suggest that factors such as growing incidence of critical diseases, rising aged population, and increasing progress in the medical device industry are leading the growth of the home healthcare. As per the United Nations (UN) estimation, by 2060, the geriatric population will reach 1.8 billion, which will account for 17.8% of the world’s total population, making home healthcare the most sought-after service.
“Diseases such as cardiovascular disorders, diabetes, autoimmune disorders, and various types of cancer and neurological disorders are causing loss of life and disability globally. These clinical conditions have an effect on patients’ overall quality of life. As such, many older individuals and people living with disabilities or severe medical conditions find home nursing to be more comfortable, convenient and personalized compared to receiving care at a long-term care facility,” added Tabbara.
As per the World Health Organization (WHO), over 50% of the global population is estimated to be suffering from at least one serious ailment, encouraging many to use home healthcare services.
Reports also suggest that demand for home care improved significantly during the pandemic, as COVID-19 patients discharged from hospitals turned to home care. This shift, likely encouraged by lockdowns, social distancing and fewer people willing to see their doctor at the office, resulted in new populations of patients across the health spectrum and age groups being introduced to at-home care.
“There are several factors why patients find home care fitting to their lifestyle. The most important being that it is cost-effective and offers a more personal experience for the patient. In addition, doctors and physicians can provide their full and undivided attention, which is sought by most families of patients suffering from acute illnesses. It is also a safer way for patients to receive care. Patients can potentially reduce the risk of infection or virus transmission by avoiding the doctor’s office and meeting with their physician in their own home,” concluded Tabbara.
Being one of the most reputed and experienced players in the home healthcare segment, Emirates Home Nursing has been a key driver in delivering international standards of home care services. This also makes them one of the leading and most preferred service providers for alternative care options for families of aging population.
New technologies are making care at home possible for more people. Remote patient-monitoring devices, for example, allow providers to monitor patient progress remotely and receive alerts if there is an issue.
While research has found that the traditional post-acute home-health segment remains the largest, new emerging homecare subsegments, such as home infusions, primary home care, and hospital home care are growing rapidly.