Significant Growth Foreseen by Global Home Healthcare Market During 2020
Increasing Prevalence of Chronic Diseases Augurs Promise for Home Healthcare Market
The leading driver for the global home healthcare market is the increasing prevalence of a number of chronic diseases, especially ones that do not present acute symptoms if managed properly. Diabetes and blood pressure disorders are among the types of diseases that can be easily monitored by the patient or their relatives. Such diseases necessitate the use of home healthcare solutions, which allow patients to monitor their condition without consulting their physician. The convenience of this system for both the patient and the doctor has led to promising prospects for the home healthcare market in the coming years.
View and Download TOC of Home Healthcare Market Research Report@ https://www.transparencymarketresearch.com/report-toc/300
The increasing geriatric demographic also bodes well for home healthcare solutions. Elderly patients often prefer to receive treatment in their own homes due to the emotional comfort offered by the familiar location. The elderly are also more likely to suffer from degenerative or chronic conditions that require monitoring.
The increasing availability of ergonomically designed home healthcare solutions owing to the steady technological advancement witnessed in the home healthcare sector has also made home healthcare more attractive to patients. Due to the lack of direct monitoring by physicians, home healthcare inherently carries some risk of accidental dosage, overdoses, or other errors that can result in severe complications. The introduction of modern advances such as smartphone apps, which record patient data at regular intervals to provide constant connectivity between the physician and the patient, and sophisticated devices designed keeping safety in mind has thus helped make home healthcare safer, resulting in increased demand.
Request and Download Sample Report@ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=300
Therapeutic Home Healthcare Devices to Exhibit Fastest Growth in Demand
Of the key product types in the global home healthcare market, diagnostic and monitoring home devices and therapeutic home healthcare devices are the leading contributors. While diagnostic and monitoring home devices are likely to remain dominant in the global home healthcare market in the coming years, the therapeutic home healthcare devices segment is expected to exhibit the fastest CAGR of all product segments in the 2014-2020 forecast period. The share of medical supplies in the home healthcare market is set to drop over the coming years, with home mobility assist devices expected to go the other way due to the increasing prevalence of mobility disorders and orthopedic conditions.
By service, rehabilitation services account for a majority share in the global home healthcare market and are likely to retain their dominance in the market in the coming years. However, the increasing technological sophistication of telecommunication devices means that telehealth and telemedicine services is likely to exhibit an 11% CAGR in the 2014-2020 forecast period.
Due to the technological sophistication required for widespread availability of home healthcare solutions, developed regions such as North America and Europe are the leading contributors to the global home healthcare market. These are likely to remain the largest regional segments of the global market over the coming years, despite the promising prospects of the Asia Pacific market. However, the latter’s 8.6% CAGR for the 2014-2020 period is the highest of all regional segments of the market.
Buy Full Home Healthcare Market Report@ https://www.transparencymarketresearch.com/checkout.php?rep_id=300<ype=S
Transparency Market Research (TMR) is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
US Office Contact
90 State Street, Suite 700
Albany, NY 12207
USA - Canada Toll Free: 866-552-3453
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Significant Growth Foreseen by Global Home Healthcare Market During 2020 here
News-ID: 754926 • Views: 325
More Releases from TMR - Research Reports
Pulmonary Drugs Market is Expected to Reach US$ 28,082.1 Million by the End of 2 …
According to the research report, the global pulmonary drugs market is expected to be worth US$ 28,082.1 mn by the end of 2024 as compared to US$ 48,039.7 mn in 2015. Analysts calculate that the global market will plummet at a CAGR of -6.3% during the forecast period of 2016 and 2024. The market will thrive as the demand for combination drugs is anticipated to remain on the rise during
North America Ventricular Assist Device Market is rising to a valuation of US$ 1 …
According to TMR, the opportunity in the North America market for VADs, which stood at US$0.4 bn in 2015, is likely to expand at a healthy CAGR of 9.20% between 2016 and 2024 and increase to US$1.07 bn by the end of the forecast period. The destination therapy (DT) segment has been reporting a greater application of VADs than the other two indication segments. It is expected to remain the
Dental Membrane and Bone Graft Substitutes Market to rise to US$ 922.6 Million b …
Transparency Market Research notes that innovation and expansion into emerging regions have served these companies well in strengthening their hold in the dental membrane and bone graft substitutes market. For instance, Switzerland-based Geistlich Pharma AG - a global manufacturer and supplier of dental products and devices - expanded its operations in Sydney, Australia and New Delhi, India in 2016. The global dental membrane and bone graft substitutes market is expected to
Human Vaccines Market is Estimated to Reach US$ 72.5 Billion by 2024
The global human vaccines market was valued at US$28.3 bn in 2015 and is estimated to reach US$72.5 bn by 2024, registering an 11.2% CAGR during the forecast period. By age group, pediatric vaccines accounted for a 57.5% share in the global human vaccines market in 2015. Adult vaccines, on the other hand, are expected to expand at a 13.2% CAGR from 2016 to 2024. Based on product, the pneumococcal segment
More Releases for Healthcare
Healthcare Staffing Market Crucial Players - Jackson Healthcare, Aya Healthcare, …
Global "Healthcare Staffing Market" is a comprehensive research that provides information regarding Healthcare Staffing market size, trends, growth, cost structure, capacity, revenue and forecast 2026. This report also includes the overall study of the Healthcare Staffing Market share with all its aspects influencing the growth of the market. This report is exhaustive quantitative analyses of the Healthcare Staffing industry and provides data for making strategies to increase Healthcare Staffing market
Healthcare Analytics Market
Healthcare Analytics Market – Global Industry Analysis and Forecast (2017-2026) _ by Type, Component, Delivery Mode, Application, End-user and by Geography Healthcare Analytics Market is expected to reach USD 42.4 Billion by 2024 from USD 7.1 Billion in 2016 at a CAGR of 29.1%. This is a comprehensive global report focused on the current and future prospects of the Healthcare Analytics Market. This report is a consolidation of primary and secondary
Global Healthcare IT Market
Global Healthcare IT Market – Industry Analysis and Forecast (2017-2026) – by Product & Services, by Component, by End User and by Geography. Global Healthcare IT Market was valued US$ 148.3 Bn in 2017 and is expected to reach USD 498.2 Bn by 2026, at CAGR of 16.35% during forecast period. Healthcare IT stands for solutions offered by information technology in the healthcare industry. Healthcare IT solutions improve data management and safe
Global Healthcare Information Systems Market By Key Players: Philips healthcare, …
Qyresearchreports include new market research report Global Healthcare Information Systems Market Size, Status and Forecast 2025 to its huge collection of research reports. This report studies the global Healthcare Information Systems market size, industry status and forecast, competition landscape and growth opportunity. This research report categorizes the global Healthcare Information Systems market by companies, region, type and end-use industry. Healthcare information technology proffers solutions for security and data management of information related
Healthcare Cloud Computing Market -
Healthcare Cloud Computing is a broad, proactive endpoint security solution designed to supplement the existing defenses. It is a cyber-security technology that informs the need for constant monitoring and response to advanced threats. This advanced system measure shifts of security from a reactive threat approach to one that can detect and prevent threats before they even reach the organization. Growing cases of enterprise endpoint targeted attacks and necessity to mitigate it
Digital Radiography – Digitizing Healthcare
Increasing health consciousness and growing awareness about the same are leading to higher footfalls in diagnostic laboratories. This is contributing towards overall growth of diagnostics market. Furthermore, digitization in healthcare sector is easing patient diagnosis, providing accurate and faster test results. X-ray being the most conventional and effective diagnostic tool, digitization in the X-ray system has gained a strong foothold in diagnostic laboratories across the globe. Also, with more research