Global Home Healthcare Market Will Growing at CAGR of around 8% between 2015 and 2020

Zion Research has published a new report titled “Global Home Healthcare (Diagnostics and Monitoring Devices, Therapeutic Home Healthcare Devices, Mobility Assist Devices and Medical Supplies) Market for Rehabilitation, Telehealth and Telemedicine, Respiratory Therapy, Infusion Therapy and Unskilled Home Healthcare Services: Global Industry Perspective, Comprehensive Analysis and Forecast, 2014 – 2020.” According to the report, global demand forhome healthcare market was valued at USD 190.0 billion in 2014 and is expected to generate revenue of USD 300.0 billion by 2020, growing at a CAGR of slightly above 8% between 2015 and 2020.

Browse the full "Global Home Healthcare Market (Diagnostics and Monitoring Devices, Therapeutic Home Healthcare Devices, Mobility Assist Devices and Medical Supplies) for Rehabilitation, Telehealth and Telemedicine, Respiratory Therapy, Infusion Therapy and Unskilled Home Healthcare Services: Global Industry Perspective, Comprehensive Analysis, Size Share, Growth, Segment, Trends and Forecast, 2014 – 2020" report at http://www.marketresearchstore.com/report/global-home-healthcare-market-z38958

The global home healthcare market is mainly driven by increasing geriatric population, rising healthcare costs and technological advancements in healthcare devices. With increasing health awareness among people, increase in number of people diagnosed with chronic diseases such as diabetes cardiac disorders and respiratory diseases, the demand for home healthcare market is expected to grow in the next few years. Population of geriatric people is growing across the world. Geriatric people are more vulnerable to chronic diseases such as diabetes. This in turn is expected to fuel the growth of home healthcare market. Favorable reimbursement policies coupled with presence of large number of small scale and large scale healthcare service has provided strong boost to home healthcare market, especially in North America. However, changing reimbursement policies and limited insurance coverage are expected to limit the growth of home healthcare market to some extent in the years to come.

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Diagnostics and monitoring home devices, therapeutics home healthcare devices, mobility assists devices and medical supplies are the key product segments of home healthcare market. Diagnostic and monitoring devices are mainly used for blood pressure monitors, pregnancy test kits, heart rate monitors, temperature monitors and others. Diagnostic and monitoring devices dominated the global home healthcare market with large share in total revenue generated in 2014. Diagnostic and monitoring devices are growing popularity owing to increasing incidences of chronic diseases across the world. Therapeutic devices segment includes insulin delivery devices, ventilators and CPAP devices, and dialysis equipment. Therapeutic devices segment is also one of the important product segments and accounted for around 10% share in total revenue generated in 2014. Therapeutic devices are also expected to exhibit significant growth rate during the forecast period.

The home healthcare market is segmented on the basis of different services such as rehabilitation services, telehealth and telemedicine services, infusion therapy services, respiratory therapy services, unskilled home healthcare services. The infusion therapy segment dominated home healthcare market with largest share in total revenue generated in 2014. The infusion therapy services segment is expected to grow at a rapid CAGR during the forecast period owing to increasing demand from geriatric or aging population.

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Some of the key industry participants in global home healthcare market includes 3M Health Care, Bayer AG, Abbott Laboratories, Cardinal Health, Inc., GE Healthcare, Johnson & Johnson Services, Inc., Gentiva Health Services, Inc., Invacare Corporation, F. Hoffmann-La Roche Ltd., Phillips Healthcare, Medtronic, Inc. and Omron Healthcare, Inc.

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