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North America Leads Global Home Healthcare Market, but Asia Pacific not Far Behind -Transparency Market Research
A new market report published by Transparency Market Research is Global Home Healthcare Market (By Device Types: Diagnostics and Monitoring Devices, Therapeutic Home Healthcare Devices, Mobility Assist Devices and Medical Supplies; By Services: Rehabilitation, Telehealth and Telemedicine, Respiratory Therapy, Infusion Therapy and Unskilled Home Healthcare Services) - Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020
Published 15 September 2015
Global home healthcare market, the market will grow at a progressive 8.1% CAGR during the forecasting horizon from 2014 to 2020. This report is titled “Global Home Healthcare Market - Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020”.The report further states that the global home healthcare market in 2013 was worth US$176,107.9 million, and is estimated to reach a market revenue of US$303,605.9 million by 2020.
Geography-wise, the North American home healthcare market is in the leading position. It will continue to hold this position due to the supporting market forces such as increasing base of geriatric population and presence of a large number of small and large scale home healthcare service providers in the region. Furthermore, the favorable reimbursement policies will fuel the growth of the North American home healthcare market. In 2007, the USFDA announced that it will provide close oversight of home healthcare equipment in the nation and the expenditure was noted at US$57.6 billion.The second largest share of the global home healthcare market was held by Europe. In 2013, Europe held a significant 25% share of the global market. Factors such as high prevalence of cardiovascular diseases and diabetes along with the accelerating healthcare investments by the European government will further support the growth of this regional home healthcare market. Nevertheless, Asia-Pacific is not far behind and will demonstrate a fastest growth with a CAGR of 7% during the forecast period. Asia Pacific market will benefit from growth drivers such as new technologies and constant product launch by key firms in this region.
The global home healthcare market is broadly segmented into devices and services. The services segment held the largest market share in the global home healthcare market. This can be attributed to the presence of a large number of home healthcare providers globally and their strong acquisition strategies. On the basis of services, the global home healthcare market is divided into respiratory therapy services, unskilled therapy services, infusion therapy services, telehealth and telemedicine services, and rehabilitation services.The devices sector is further classified into diagnostic and monitoring home devices, home mobility assist devices, therapeutics home healthcare devices, and medical supplies. Though, the largest share was boasted by the diagnostics and monitoring devices segment in the global home healthcare market, the therapeutics home healthcare sector will display a highest CAGR of over 10% during the forecast horizon.
Browse the full Global Home Healthcare Market (By Device Types: Diagnostics and Monitoring Devices, Therapeutic Home Healthcare Devices, Mobility Assist Devices and Medical Supplies; By Services: Rehabilitation, Telehealth and Telemedicine, Respiratory Therapy, Infusion Therapy and Unskilled Home Healthcare Services) - Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020 report at http://www.transparencymarketresearch.com/home-healthcare-market.html
The top market players operating in the global home healthcare market are Teleflex Corporation, F. Hoffman-La Roche Ltd., Medtronic, Inc., Abbott Laboratories, ResMed, Inc., Cardinal Health, Invacare Corporation, Gentiva Health Services, Inc., Johnson & Johnson, Praxair Technologies, Inc., and Omron Healthcare, Inc.
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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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