Home Healthcare Market To Experience Lucrative Growth Due To Increasing Prevalence Of Chronic Conditions Till 2025: 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.
U.S. home
healthcare market, by services, 2014 - 2025 (USD Billion)
Browse full research report on Home Healthcare Market: http://www.grandviewresearch.com/industry-analysis/home-healthcare-industry
Further
key findings from the report 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
- 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
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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