Home Healthcare Market Is Anticipated To Reach USD 517.2 Billion BY 2025:By Grand View Research, Inc.
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 research report on Home Healthcare Market:
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.
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
- Therapeutic
- Home
Respiratory Equipment
- Insulin
Delivery Device
- Home
IV Pumps
- Home
Dialysis Equipment
- Other
Therapeutic Equipment
- Diagnostic
- Diabetic
Care Unit
- BP
Monitors
- Multi
Parameter Diagnostic Monitors
- Home
Pregnancy and Fertility Kits
- Other
Self-Monitoring Equipment
- Apnea
and Sleep Monitors
- Holter
Monitors
- Heart
Rate Maters
- Other
- Mobility
Assist
- Wheel
Chair
- Home
Medical Furniture
- Walking
Assist Devices
- Services
- Rehabilitation
Services
- Unskilled
Home Care
- Respiratory
Therapy Services
- Infusion
Therapy Services
- Telemetry
Regional Outlook (Revenue, USD Billion, 2014-2025)
- North
America
- U.S.
- Canada
- Europe
- UK
- Germany
- Asia
Pacific
- Japan
- China
- Latin
America
- Brazil
- Mexico
- Middle
East and Africa (MEA)
- South
Africa
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.
For more information:
http://www.grandviewresearch.com
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