75% of consumers in Home Healthcare Products and Services Market are aged 65 or more.


Posted October 29, 2015 by IarcHealthcare1

Home Healthcare Products Services and Equipment Market is projected to grow at 6% to 8% year on year for the next five years and is estimated to reach $345 Billion by 2020.

 
Home Healthcare Devices, Equipment and Service is applied to wide range of usage of devices which are intended for use at home by family members, patients themselves and nonprofessional care givers. Rise in aging population and increasing prevalence of cardiovascular diseases, respiratory diseases, diabetes are spurring the market for home healthcare products. These devices help patients to stay at their homes rather than in costly assisted living facilities or nursing homes which will alleviate the financial and economic burden on individuals.

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MARKET TRENDS:
According to IndustryARC, Home Healthcare Products Services and Equipment Market is projected to grow at 6% to 8% year on year for the next five years and is estimated to reach $345 Billion by 2020.

Market Growth:
The demand for home healthcare services is growing at a steady pace across the globe. Increasing costs of in-hospital care and the comfort of convalescing at home are making home healthcare affordable and desirable in both developed and developing nations alike. Better and cheaper medical devices have moved the diagnosis of various ailments from hospitals to the living room.

Increasingly, people suffering from chronic ailments such as cardiovascular diseases, cancer, respiratory diseases and diabetes prefer home healthcare services. The services for geriatric ailments, physical, occupational and speech therapies, and personal care are rapidly becoming a necessity more than luxury. Currently, over 70% of those using home healthcare services belong to the age group of 65-75 years or older. The World Bank estimates that close to 21% of the world population will be over 60 years old by 2015 end, making Home Healthcare a key sector to be followed.

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Region:
The U.S. is noted to be a very stable geography for Home Healthcare Market. For providers who want to invest into this market, Asia is an opportunity which is alone set to develop from current $3 Billion to $11 Billion by 2016 end. Developing countries for instance India are the high-growth regions ripe for capture. Many players have already started cashing in on this opportunity.

REPORT SCOPE:
The report on Home Healthcare Products Services and Equipment Market contains different market aspects explored with particular focus on key market drivers, challenges, constraints and market landscape. The Market has been thoroughly analyzed and carefully segmented by geographic locations based on major economic and topographical regions. The report details current market potential and future market growth in this industry. The report overall contains the most detailed, in depth segmentation and analysis of this market during the forecast period 2015-2020.

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Market Segmentation:
Home Healthcare Products Services and Equipment Market it precisely segmented into 4 factors based on the following factors:
1. Services: Rehabilitation Services, Skilled Care, Unskilled Care, Technological and Others.
2. By Type of Ailment/Disease/Problem: Diabetes, Asthma, Smoking, Depression and Others.
3. Products/Equipment: Dialysis Products, Diabetes Care Products, Drug Delivery Devices and Others.
4. Geography: North America, Latin America, Europe, Asia and ROW.

Key Players:
Competitive landscape for each of the product types of the Global Home Healthcare Products Services and Equipment Market is highlighted and market players are profiled with attributes of company overview, financial overview, business strategies, product portfolio and recent developments. Market shares of the key players for 2014 are provided. The US-based BAYADA Home Healthcare has recently acquired a 26% stake in India-based Indian Home Healthcare (IHHC). Some companies studied and mentioned in the report:
• BAXTER INTERNATIONAL, INC.
• B. BRAUN MELSUNGEN AG.
• BAYER AG
• C.R BARD
• COVIDIEN LTD.

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About IndustryARC:
IndustryARC is a research and consulting firm that publishes more than 500 reports annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare.
IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications of the Market. Our Custom Research Services are designed to provide insights on the constant flux in the global demand-supply gap of markets. Our strong analyst team enables us to meet the client research needs at a very quick speed with a variety of options for your business.
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Country United States minor outlying islands
Categories Health
Tags home healthcare market , home healthcare market companies , home healthcare market forecast , home healthcare market industry , home healthcare market report , home healthcare market share , home healthcare market size
Last Updated October 29, 2015