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. 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.
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 drugs and by retail pharmacies to render efficient chronic disease management solutions are some of the drivers of this market.
Home healthcare based diagnostics dominated the product market in terms of share at 41.4% in 2013. Growing prevalence diabetes and cardiovascular diseases and the consequent rise in demand for constant patient monitoring is one of the major factors attributing to its large share.
Request a sample of the report: http://www.orbisresearch.com/contacts/request-sample/219348
North America was the largest regional market in 2013, accounting for over 40% of the revenue. Presence of sophisticated healthcare and reimbursement infrastructure, high patient awareness levels and healthcare expenditure are some of the factors accounting for its large share. In addition, increasing R&D initiatives aimed at developing new products suitable for use in home healthcare environments is expected to boost market demand in this region.
Asia Pacific home healthcare market is expected to grow at the fastest CAGR of 9.7% from 2014 to 2020 majorly owing to high unmet medical needs coupled with rapidly improving healthcare infrastructure in emerging markets of India and China. Presence of a large geriatric population base in Japan is also expected to drive regional market growth during the forecast period.
Buy the report@http://www.orbisresearch.com/contact/purchase/219348
Key industry participants of this market include Almost Family Inc., B. Braun Melsungen AG, Abbott Laboratories, Sunrise Medical Inc., 3M healthcare, Baxter international Inc., Medtronic Inc., Cardinal health Inc., Roche diagnostics corp., Air liquid, Arcadia resources, Inc., Bayer healthcare AG, Amedisys, Inc., Nxstage Medical, Inc., Arkray Inc., Apria healthcare group, Odyssey Healthcare Inc., Medline Industries Inc., Philips healthcare, Medco Health Solutions Inc., Graham-Field health products Inc., Hill-Rom holdings Inc., Gentiva health services Inc., Johnson & Johnson, Linde Healthcare, Lincare holdings Inc. and Kinetic concepts .
For the purpose of this study, Grand View Research has segmented the home healthcare market on the basis of product, services and region:
Home Healthcare Product Outlook
Therapeutic equipment
Home respiratory therapy equipment
Home insulin delivery devices
Home IV pumps
Other therapeutic equipment
Home dialysis equipment
Home diagnostic equipment
Home diabetes care devices
Home blood pressure monitors
Home multi-parameter patient monitors
Home pregnancy and fertility tests
Other self monitoring equipment
Apnea and sleep monitors
Holter monitors
Heart rate meters
Mobility assist and other equipment
Wheelchairs and related devices
Home medical furniture
Walking assist devices
Home Healthcare Service Outlook
Rehabilitation service providers
Unskilled home care
Respiratory therapy services
Infusion therapy
Telemetry
Home Healthcare Regional Outlook
North America
Europe
Asia Pacific
RoW
Major Points From Table Of Contents:
Chapter One: Executive Summary
Chapter Two: Home Healthcare Industry Outlook
Chapter Three: Home Healthcare Product Outlook
Chapter Four: Home Healthcare Service Outlook
Chapter Five: Home Healthcare Regional Outlook
Chapter Six: Competitive Landscape
Chapter Seven: Methodology and Scope
About Us:
Orbis Research (orbisresearch.com) is a single point aid for all your market research requirements. We have vast database of reports from the leading publishers and authors across the globe. We specialize in delivering customized reports as per the requirements of our clients. We have complete information about our publishers and hence are sure about the accuracy of the industries and verticals of their specialization. This helps our clients to map their needs and we produce the perfect required market research study for our clients.
Media Contact
Company Name: Orbis Research
Contact Person: Hector Costello
Email: sales@orbisresearch.com
Phone: +1 (214) 884-6817
Address:4144N Central Expressway, Suite 600
City: Dallas
State: Texas
Country: United States
Website: http://www.orbisresearch.com/reports/index/home-healthcare-market-size-market-share-application-analysis-regional-outlook-growth-trends-competitive-scenario-and-forecasts-2012-to-2020