The report “Home Healthcare Market by Product (BP & Heart Rate Monitor, Ovulation Kit, HIV Test, ECG, EKG, Nebulizer, Hearing Aids, Pedometer, Cane, Walker, Wheelchairs), Software, Services (Rehabilitation, Skilled, Hospice), & Telehealth - Global Forecasts to 2020”, analyzes and studies the major market drivers, restraints, opportunities, and challenges in North America, Europe, Asia, and the Rest of the World (RoW).
Ride the Storm: Navigating Through Unstable Periods / Katerina Rudko (Belka G...
Home Healthcare Market worth 349.8 Billion USD by 2020
1. Home Healthcare Market worth 349.8
Billion USD by 2020
The report “Home Healthcare Market by Product (BP & Heart Rate
Monitor, Ovulation Kit, HIV Test, ECG, EKG, Nebulizer, Hearing Aids,
Pedometer, Cane, Walker, Wheelchairs), Software, Services
(Rehabilitation, Skilled, Hospice), & Telehealth - Global Forecasts to
2020”, analyzes and studies the major market drivers, restraints,
opportunities, and challenges in North America, Europe, Asia, and the
Rest of the World (RoW).
Browse 306 tables and 63 figures spread through 350 pages and in-
depth TOC on "Home Healthcare Market by Product (BP & Heart Rate
Monitor, Ovulation Kit, HIV Test, ECG, EKG, Nebulizer, Hearing Aids,
Pedometer, Cane, Walker, Wheelchairs), Software, Services
(Rehabilitation, Skilled, Hospice), & Telehealth - Global
Forecasts to 2020”
http://www.marketsandmarkets.com/Market-Reports/home-healthcare-
equipment-market-696.html
Early buyers will receive 10% customization on reports.
The global home healthcare market is expected to reach USD 349.8
Billion by 2020 from USD 227.5 Billion in 2015, at a CAGR of 9.0%
during the forecast period.
2. The growth of this market is mainly driven by factors such as rising
geriatric population across the globe, growing need of cost-effective
healthcare delivery due to increasing healthcare costs, rising incidences
of chronic diseases, and technological advancements in devices.
However, changing reimbursement policies, limited insurance coverage
and risks to personal safety of home care workers are the factors
restraining the growth of this market to a certain extent.
The report segments the home healthcare market based on products,
services, software, telehealth, and region. Based on products, the market
is segmented into testing, screening and monitoring products;
therapeutic products; and mobility care products. The testing, screening,
and monitoring products segment is expected to account for the largest
share of the home healthcare market, by product, in 2015. The rising
emphasis on preventive medicine is expected to boost the growth of the
home healthcare testing, monitoring, and screening devices market. The
potential to reduce healthcare complications and ensure the portability of
devices with high accuracy is expected to create a significant demand for
monitoring and testing devices. Moreover, with the rising number of
patients suffering from chronic diseases in many countries across the
globe, the demand for these products is increasing.
The telehealth market is poised to grow at the highest CAGR during the
forecast period, owing to the increasing adoption and utilization of
telecommunication in providing care.
Based on region, the home healthcare market is segmented into North
America, Europe, Asia, and the Rest of the World (RoW). North
America is further subsegmented into the U.S. and Canada; while
Europe is further subsegmented into Germany, the U.K., France, Italy,
Spain, Russia, and Rest of Europe (RoE). In 2015, North America is
expected to dominate the market, followed by Europe. The converging
trends of aging population, technological advancements, and favorable
reimbursement policies are driving the home healthcare market in North
America. However, Asia is poised to be the fastest-growing region
3. during the forecast period. Factors such as rising geriatric population,
increasing adoption of innovative techniques, increasing disposable
income levels, expansion of home healthcare companies in this region,
rising awareness about home healthcare, and increasing need for
affordable healthcare delivery systems will drive the growth of the Asian
market.
The home healthcare market is a fragmented market, with several big
and emerging players.
Key market players include Philips Healthcare (Netherlands), Kindred
Healthcare (U.S.), Linde Group (Germany), Almost Family Inc. (U.S.),
Abbott Laboratories (U.S.), LHC Group (U.S.), Johnson & Johnson
(U.S.), A&D Company (Japan), Amedisys Inc. (U.S.), Fresenius SE &
Co. KGaA (Germany), Omron Healthcare (Japan), McKesson
Corporation (U.S.), Apria Healthcare Group (U.S.), Kinnser Software,
Inc. (U.S.), and Roche Holdings AG (Switzerland).
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