Global Home Healthcare Market by Product (Therapeutic, Diagnostic Equipment) by 2020
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- Date Submitted: 09/18/2014 03:39 AM
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The global market for home healthcare is expected to reach USD 355.3 billion by 2020, growing at an estimated CAGR of 7.8% from 2014 to 2020, according to a new study by Grand View Research, Inc. Home healthcare products are generally applied to a broad range of equipment and services designed for exclusive use for home or other non-medical establishments by non-professional caregivers, family members, or the patients themselves. Increasing adoption of telehealth and other emerging healthcare technologies are expected to drive market growth over the forecast period. Home healthcare is rapidly getting adopted as a cost effective alternative to healthcare establishment based therapy and therefore, growing geriatric population base and prevalence of chronic conditions requiring long term care is also expected to have a positive impact on growth. Presence of untapped potential in emerging markets such as India, Brazil and China and increasing health awareness are expected to serve this market as future growth opportunities.
The report “Home Healthcare Market Analysis By Product (Therapeutic, Diagnostic Equipment, Mobility Assist, Diabetes Monitor, Intravenous Pumps, Holter Monitors, Heart Rate Meters, Wheel Chairs), By Service (Rehabilitation Services, Unskilled Home Care, Respiratory Therapy, Infusion Therapy, Telemetry) And Segment Forecasts To 2020,” is available now to Grand View Research customers and can also be purchased directly at http://www.grandviewresearch.com/industry-analysis/home-healthcare-industry
Further key findings from the study suggest:
• Home healthcare services dominated the overall market, accounting for over 85% of global revenue in 2013, due to increasing demand for Infusion therapy services and telemetry.
• Infusion therapy is expected to be the fastest growing services market, at an estimated CAGR of 11.7% from 2014 to 2020. Increasing initiatives undertaken by healthcare service providers to curb costs associated with specialty...
The report “Home Healthcare Market Analysis By Product (Therapeutic, Diagnostic Equipment, Mobility Assist, Diabetes Monitor, Intravenous Pumps, Holter Monitors, Heart Rate Meters, Wheel Chairs), By Service (Rehabilitation Services, Unskilled Home Care, Respiratory Therapy, Infusion Therapy, Telemetry) And Segment Forecasts To 2020,” is available now to Grand View Research customers and can also be purchased directly at http://www.grandviewresearch.com/industry-analysis/home-healthcare-industry
Further key findings from the study suggest:
• Home healthcare services dominated the overall market, accounting for over 85% of global revenue in 2013, due to increasing demand for Infusion therapy services and telemetry.
• Infusion therapy is expected to be the fastest growing services market, at an estimated CAGR of 11.7% from 2014 to 2020. Increasing initiatives undertaken by healthcare service providers to curb costs associated with specialty...