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Global Home Healthcare Market is Expected to Reach USD 305.9 Billion by 2018: Transparency Market Research
PR Newswire ALBANY, New York, October 15, 2012
ALBANY, New York,October 15, 2012/PRNewswire/ --
According to a new market report published by Transparency Market Research (http://www.transparencymarketresearch.com), "Home Healthcare Market - Global Industry Size, Market Share, Trends, Analysis and Forecast, 2012-2018", the global home healthcare market is estimated to be worthUSD 195.6 billionin 2012 and is expected to reach the value ofUSD 305.9 billionby 2018, growing at a CAGR of 7.7% from 2012 to 2018. The Americas region is expected to lead the globalhome healthcare marketin terms of revenue till 2018. The total home healthcare market in the Americas is expected to reach the value ofUSD 150.8 billionby 2018 followed by Europe with total revenue ofUSD 80.5 billion.
Browse the full report athttp://www.transparencymarketresearch.com/home-healthcare-market.html
The rising need to continuously monitor and care for health has increased the global expenditure on healthcare services and products. The trend is also gradually pushing people towards home healthcare products and services, due to their cost efficiency and reliability. This, in turn, is driving the growth of the global home healthcare products and services market. The technological and application developments that have taken place in the home healthcare segment have made them more reliable and globally acceptable. It has also made it feasible for hospitals and patients to get early discharge, and minimize the cost and infrastructure pressures. The growth in certain diseases or medical conditions such as high blood pressure, diabetes, asthma, and other cardiovascular and respiratory diseases, which require continuous monitoring and care, are further driving the home healthcare market growth.
Though the global share of thehome healthcare equipment marketis considerably less, it is growing at a faster CAGR of 9.9% from 2012 to 2018 due to rising technological innovations, especially in the field of hom e therapeutic equipment. The home healthcare services market, despite its large share, is expected to grow at a CAGR of 7.4% from 2012 to 2018. The main deterrent, restricting the entry of organized players in this segment is dominance of a large number of small regional players, who are offering their services at low prices, and enjoy high customer loyalty. This has in turn, shifted the attention of big players towards the home healthcare equipment market.
The global home healthcare equipment market can be categorized as: therapeutic equipment market, self-diagnostic and monitoring equipment market, mobility assists equipment market, and others. Currently, the key market players dominating the home healthcare equipment market are: J&J (Johnson and Johnson), Braun, GE Healthcare, Baxter International, Philips Healthcare, Omron Corporation, Invacare, and Medtronic.
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The global market for home healthcare services is classified into respiratory therapy, telemetry, rehabilitation services, infusion therapy, and other unskilled hom e healthcare services. The unskilled healthcare services are provided by individuals such as family members, unlicensed or traditional caretakers, relatives, and friends. The market for home healthcare services is highly organized in regions such as the Americas and Europe, where it is very efficient. A large share, 79.9%, of the global home healthcare services market is dominated by rehabilitation
and unskilled care services. However, the segment is believed to be extremely fragmented, and dominated by small and unorganized players.
This research is specially designed to estimate and analyze the demand and performance of home healthcare equipment and services in a global scenario. The research provides in-depth analysis of home healthcare equipment manufacturers, product sales, trend analysis by segments and demand by geography. The report covers all the major application segments of the global home healthcare market and provides in-depth analysis, historical data and statistically refined forecast for the segments covered. The study presents a comprehensive assessment of the stakeholder strategies' winning imperatives for them by segmenting the global home healthcare m arket as below:
Home Healthcare Market
Home Healthcare Equipment
Self-Diagnostic / Monitoring Equipment
BP monitors Diabetic care unit
Glucose test strips Blood glucose meters
Home pregnancy and fertility kits Multi-para diagnostic monitors Sleep and Apnea monitors Holter monitors Heart rate meters Others self-monitoring equipment Home Therapeutic Equipment
Home respiratory therapy equipment
Oxygen delivery systems Home CPAP Equipment
CPAP humidifier CPAP machines CPAP mask and patient interface Others CPAP Equipment
Home medical nebulizer kits and devices Home medical ventilators and accessories
Insulin delivery Home IV (intravenous) pumps Others therapeutic equipment Home dialysis equipment Mobility Assist and Others
Home medical furniture Home wheel chair market Walking assist devices Home Healthcare Services
Rehabilitation Services
Physical Therapy Occupational Therapy Speech Therapy Unskilled Homecare
Respiratory Therapy Services
Infusion Therapy Services
Total Parenteral Nutrition Enteral Nutrition
Pain Management Intravenous Chemotherapy Intravenous Antibiotic Therapy Telemetry/Telehealth Services
Remote Patient Monitoring
Vital Sign Monitoring Multi-parameter Monitoring Central Station Monitoring Telemedicine
Other Telemetry Services
In addition the report provides a cross-sectional analysis of all the above segments with respect to the following geographical markets:
- Americas
- Europe
- Asia-Pacific
- Rest of the World (RoW)
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About Us
Transparency Market Research is a global market intelligence company, providing global business inform ation reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision-makers. We are privileged with a highly experienced team of Analysts, Researchers and Consultants, who 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.
Contact
Sheela AK 90 Sate Street, Suite 700 Albany, NY 12207 Tel: +1-518-618-1030 USA - Canada Toll Free: +1-866-552-3453 e-mail:sales@transparencymarketresearch.com
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