Netherlands Home Healthcare Market to Reach US$ 1013.1 Mn by 2026, Burgeoning Demand for Equipment and Housekeeping Supplies Encourages Growth: Fortune Business Insights

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The increasing prevalence of chronic diseases
among the geriatric population is driving the
Netherlands home healthcare market. The above
information is published in a report, titled
Netherlands Home Healthcare Market Analysis,
Insights and Forecast, 2019-2026. Fortune
Business Insights in the report predicts that
rising geriatric population in the Netherlands
is leading to high demand for home healthcare
equipment. A study by Central Bureau Statistics
(CBU), it is estimated that around 3.31 million
people in the Netherlands are aged above 65
years. Also, the study predicts that the number
will increase by 2026. This further indicates
that the adoption of home healthcare products
will increase in the forthcoming years. Browse
Complete Report https//www.fortunebusinessinsigh
ts.com/industry-reports/netherlands-home-healthcar
e-market- 100954 As per the report by Fortune
Business Insights, the Netherlands market was
worth US 570.0 Mn in 2018 and is anticipated to
reach US 1013.1 Mn by 2026. As home healthcare
is a viable option and increasingly adopted by
the elderly population, the market for home
healthcare in the Netherlands is likely to
exhibit a healthy CAGR of 7.6 during the
forecast period. Healthcare Equipment and Housing
Supplies Have a Higher Preference Over Other
Products Among different products, healthcare
equipment and housing supplies cover the maximum
share in the Netherlands market. The demand for
home healthcare services is increasing on
account of the rising aging population in this
country. Furthermore, demand for self-
monitoring devices such as blood glucose
monitors, blood pressure monitoring devices,
heart rate monitoring devices, and pulse
oximeters. In 2018, the segment covered a share
of 52 and will continue to dominate the market
in the Netherlands. The second most leading
segment is continence care in the Netherlands
home healthcare market. The urinary continence
is highly prevalent in the Netherlands. This is
estimated to increase with the rise in the
elderly population. Additionally, some research
studies show that urinary continence is more
common in women than men. Spurred by these
factors, the demand for continence care products
is likely to rise in the Netherlands. Government-b
acked Support Regarding New Policies and Acts
Propel the Markets Growth Under the Social
Support Act, Dutch people who need home
assistance can apply for a wheelchair from local
authorities. These local authorities provide
assistance to elderly people, autistic children,
and families who require parenting support. The
government in the Netherlands are heavily
investing in several acts which include Long-term
Care Act, the Health Insurance Act, among
others. These acts predominantly take care of
elderly people and offer medication and
assistance they need. Such policies are expected
to increase the adoption of home health
solutions. Dutch people are increasingly spending
on healthcare, which is another factor driving
the market. As per the Ministry of Health,
Welfare and Sport, healthcare expenditure is
estimated to be approx. 77 Euro Billion each
year. Rising healthcare expenditure is enabling
growth in the market. In addition to this, the
Netherlands government is planning to invest US
3376.0 Mn in 2019. This amount will be used to
offer assistance, self-
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reliance, and care to elderly patients. All the
above factors are expected to drive the
Netherlands home healthcare market during the
forecast period. Baxter Launches an Advanced
Remote Management Software Offering Assistance to
Home Patients The Netherlands home healthcare
market is semi-consolidated ranging from
small-scale to mid-sized companies. Currently,
companies such as SCA, Unicharm, and Kimberly
Clark are leading the market in the Netherlands.
Moreover, these three companies covered 50 of
the overall market in the country in 2018.
Several companies are involving in strategic
decisions to broaden their product portfolio and
strengthen their market position. For instance,
Baxter International Inc. launched an advanced
remote patient management software in 2018. The
software called SHARESOURCE is user-friendly and
offers healthcare support to home dialysis
patients. Another company called Fresenius
Medical Care acquired NxStage Medical, Inc. in
2019. The aim of this acquisition is to
strengthen its position, especially in home-based
hemodialysis machines market. Some of the other
companies operating in the Netherlands home
healthcare market include Molnlycke Health Care,
ConvaTec Group plc, Melsungen AG, Hollister Inc.,
Coloplast, Medline Industries Inc., and Acelity
L.P. among others. Speak to Analyst https//www.f
ortunebusinessinsights.com/enquiry/speak-to-analys
t/netherlands-home- healthcare-market-100954 Ab
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