Health Caregiving Market- New Technological Development Projecting Massive Growth till 2032

Persistence Market Research's report, titled "Health Caregiving Market: Global Industry Analysis & Forecast, 2016-2024," estimates that increasing presence of nuclear families, that were instrumented by the popularity of "DINK" trend (Double Income, No Kids), has turned out to be a key factor driving the demand for health caregiving services. These services are being used for taking care of toddlers in families with both parents working, while consanguineal or extended families are also opting for health caregivers to take care of their aged family members at home.

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Noble services offered by caregivers from around the world continue to nurture the fragile health of elderlies as well as the blooming lives of infants. Demand for health caregiving services will continue to surge in the years to come as people will keep appointing professional help for nursing the health of their loved ones.

By now, the global market for health caregiving has evolved into a key aspect of the world's medical services sector. After raking in more than US$ 75 billion revenues in 2015, the global health caregiving market fared well to reach market valuation of an estimated US$ 84.5 billion in 2016. According to a recent study conducted by Persistence Market Research, global health caregiving revenues will continue to increase at an impressive CAGR of 12.6%, reaching US$ 218,469 million by the end of 2024.

Surging Demand for Health Caregiving on Daily Basis

Assistance in daily essential activities can be clubbed up to be identified as a key type of health caregiving service being utilized in the world. According to the report, nearly three-fourth of global health caregiving revenues will continue to be accounted by services availed for seeking assistance in daily essential activities. Meanwhile, health caregiving services that provide health & safety awareness and improve "quality of life" are anticipated to contribute more than US$ 30 billion worth of global revenues by the end of 2024. However, health caregiving services availed for social well-being will continue to lose traction in 2016 and beyond, registering a revenue growth at the lowest CAGR - 11.9%.

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Regional Overview of Global Health Caregiving Market

North America is predicted to be the world's largest market for health caregiving services. In 2016 and beyond, North America will contribute with more than 50% of global revenues, registering a 15.3% CAGR.
Companies such as Seniorlink, Inc., GreatCall, UnaliWear Inc., Cariloop, Inc., HomeHero Inc., Hometeam, and Honor Technology Inc., are leading providers of health caregiving services in the world, and are all based in the US.
Asia-Pacific's health caregiving market is being forecasted to reach market value of an estimated US$ 14,756.3 million by the end of 2024.
Demand for health caregiving services in Latin America and the Middle East & Africa (MEA) region is projected to grow at a comparatively sluggish pace.
Europe, on the other hand, is likely to be the fastest-growing regional market for health caregiving services during the forecast period.

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Key Questions Answered in This Report.

What are the Roadblocks for Health Caregiving Market Suppliers?
What are the Key Opportunities for Health Caregiving Market Manufacturers?
How is Focus on Safety Influencing Health Caregiving Market Demand?
What is the Regulatory Impact on Global Sales of Health Caregiving Market?
Which Region Offers the Largest Opportunity for Sales of Health Caregiving Market?
Where Does the U.S. Stand in the Market for Health Caregiving Market?
What Is the Outlook for Health Caregiving Market Manufacturers in China?
Why is Germany a Lucrative Market for Health Caregiving Market Manufacturers?
Why Will Belgium Outpace Other European Markets for Health Caregiving Market?
Why is There High Demand for Tires in Health Caregiving Market?
Why are Sales of Health Caregiving Market Surging?

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Persistence Market Research is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. Persistence Market Research boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients' business needs.

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