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Home Healthcare Market Competitive Landscape, Changing Market Trends and Emerging Opportunities
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Some of the factors driving the growth of home healthcare market are rise in geriatric population, high acceptance of home based services and medical devices, increasing sedentary lifestyle, increasing healthcare expenditure, and increasing prevalence of chronic diseases. However, fatal health disorders, misguide treatment therapy, and limited geographic presence of home healthcare service providers are some of the factors restraining the growth of the home healthcare market to some extent.
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Geographically, North America will be leading the global home healthcare market in the coming years, due to rise in aging population, favourable reimbursement policies, and increasing sedentary lifestyle. Moreover, Asia-Pacific is the fastest growing region in the global home healthcare market. The major reasons for the fastest growth in the region are increasing healthcare expenditure and high standards of living of the consumers in the region. Moreover, the home healthcare market is growing due to increasing awareness of healthcare in the emerging countries, such as India and China of Asia-Pacific region.
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Some of the companies operating in the home healthcare market are 3M Healthcare, Becton Dickinson and Company, Baxter International, Inc., Abbott Laboratories, Hoffmann-La Roche Ltd., Philips Healthcare, Apria Healthcare Group, Inc., Johnson & Johnson Services, Inc., Bayer AG, Eli Lilly and Company, C.R. Bard, Inc., B. Braun Melsungen AG, Carefusion Corporation, Coloplast A/S, Convatec Inc., Medtronic, Inc., and GE Healthcare.
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