The global home healthcare market is
expected to reach USD 517.2 billion by 2025, according to a new report 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 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 home healthcare
market as future growth opportunities.
Browse full report by Grand View
Research : http://www.grandviewresearch.com/industry-analysis/home-healthcare-industry
Further key findings from the study suggest:
·
Home healthcare services dominated the
component segment, accounting for over 85.0% of global revenue in 2015.
·
Infusion therapy is expected to be the
fastest growing services market. Increasing initiatives undertaken by medical
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 held
lucrative share in the equipment segment accounting around 40.0% in 2015.
·
North America was the largest regional
market in 2015, accounting for over 40.0% of the revenue. Presence of
sophisticated medical systems and reimbursement infrastructure, high patient
awareness levels and healthcare expenditure are some of the factors accounting
for its substantial share.
·
Asia Pacific home healthcare market is
expected to grow at the fastest CAGR of around 9.0% from 2016 to 2024 majorly
owing to high unmet medical needs coupled with rapidly improving health
infrastructure.
·
Major players in this vertical include
Almost Family Inc., B. Braun Melsungen AG, Abbott Laboratories, Sunrise Medical
Inc., 3M Health Care, Baxter, Medtronic, Cardinal Health Inc., Roche
diagnostics corp., Air Liquide, Arcadia Health Care, Bayer AG, Amedisys, Inc.,
Nxstage Medical, Inc., and Arkray Inc.
Browse more reports of this category by Grand View
Research: http://www.grandviewresearch.com/industry/medical-devices
Grand View Research has
segmented the global home healthcare market on the basis of component and
region:
Component Outlook (Revenue, USD Billion, 2014-2025)
·
Equipment
o Therapeutic
o Home Respiratory Equipment
o Insulin Delivery Device
o Home IV Pumps
o Home Dialysis Equipment
o Other Therapeutic Equipment
o Diagnostic
o Diabetic Care Unit
o BP Monitors
o Multi Parameter Diagnostic Monitors
o Home Pregnancy and Fertility Kits
o Other Self-Monitoring Equipment
o Apnea and Sleep Monitors
o Holter Monitors
o Heart Rate Maters
o Other
o Mobility Assist
o Wheel Chair
o Home Medical Furniture
o Walking Assist Devices
o Services
o Rehabilitation Services
o Unskilled Home Care
o Respiratory Therapy Services
o Infusion Therapy Services
o Telemetry
Regional Outlook (Revenue, USD Billion, 2014-2025)
·
North America
o U.S.
o Canada
·
Europe
o UK
o Germany
·
Asia Pacific
o Japan
o China
·
Latin America
o Brazil
o Mexico
·
Middle East and Africa (MEA)
o South Africa
Access press release by Grand View Research: http://www.grandviewresearch.com/press-release/global-home-healthcare-market
About Grand View Research
Grand View Research,
Inc. is a U.S. based market research and consulting company, registered in the
State of California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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