The provision of Home Care Services is currently the fastest growing sector for the industrial gases companies. However, this is one area that was not included in the traditional industrial gases portfolio until recently.
Home Care Services is very fragmented in structure. Currently over 50 per cent of the business is supplied by small companies, but it is exhibiting strong growth of between 15 “ 20 per cent per annum in Europe and in some other regions such as South America. This growth is mainly due to the rise in the demographics of an aging population, prevalence of respiratory diseases, mobility “ quality of life and lower cost to service patient (home vs. hospital).
Home Care markets vary widely among countries, based on the medical services provided and health insurance systems. Also the services and equipment offerings provided vary considerably.
Home Care “ what is it?
Home Care is the care of patients that reside at home rather than in a hospital, clinic or hospice. The service provides patients and relatives with psychological benefits by allowing patients to be treated at home. Additionally, this service also has a cost benefit for national and regional health authorities, private institutions and insurance companies. The facts are clear;
it is significantly cheaper to treat a patient at home rather than in a hospital.
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