North America will be Leading the Global Home Healthcare Market in the Coming Years: 3M Healthcare, Becton Dickinson and Company, Baxter International, Inc., Abbott Laboratories, Hoffmann-La Roche Ltd., Philips Healthcare, Medtronic, Inc., and GE Healthca

The global home healthcare market is growing significantly due to technological advancement and new healthcare services in the industry. Massive unexplored market in home healthcare industry of developing economies and cost effective alternatives to other modalities and facility based care are creating ample opportunities for the home healthcare market to grow at a considerable rate in the coming years. The advanced research and development facilities and new product developments by the companies are supporting to address the demand for cost effective healthcare in the home healthcare industry.

In healthcare industry, there is a trend of significant shift of treatment from hospitals to home in order to reduce healthcare expenditure. The massive global problem in the modern society is the increasing chronic diseases, such as stroke, kidney diseases and hypertension. According to Centers for Disease Control and Prevention, as of 2012 approximately 117 million U.S. people had one or more chronic health condition. Home healthcare market helps patients to treat or diagnose various chronic diseases at home.

Browse report sample at: https://www.psmarketresearch.com/market-analysis/home-healthcare-market/report-sample

The home healthcare market can be categorized on the basis of services as rehabilitation services, unskilled home healthcare services, infusion therapy services, respiratory therapy services, and telehealth and telemedicine services. Diagnostic and monitoring devices lead the home healthcare market under type of devices category, due to increasing prevalence of chronic diseases such as diabetes and cardiovascular diseases. The therapeutic home healthcare devices segment is expected to grow with the fastest rate in the coming years, due to technological advancement in therapeutic devices.

Pre-Purchase Inquiry at: https://www.psmarketresearch.com/send-enquiry?enquiry-url=home-healthcare-market

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.

Browse report at: https://www.psmarketresearch.com/market-analysis/home-healthcare-market

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.

About P&S Intelligence

P&S Intelligence, a brand of P&S Market Research, is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

Contact:
P&S Intelligence
Toll-free: +1-888-778-7886 (USA/Canada)
International: +1-347-960-6455
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com

This release was published on openPR.