Global Home Healthcare Market - Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020

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The home healthcare market involves wide range of medical devices and services that help patients to treat or diagnose a variety of chronic diseases. These devices and services play an important role in providing cost-effective health care to the patients. Home healthcare promises lucrative business opportunities due to increased acceptance of home healthcare, technological advancements and cost-effective alternatives compared to other modalities (i.e. hospital visits).

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Factors such as aging population and increasing number of people diagnosed with chronic diseases such as diabetes, cardiac disorders and respiratory diseases drive the growth of the home healthcare market globally. According to the World Health Organization (WHO), the number of people aged 65 years and above is expected to increase from 605 million to 2 billion by 2050. In addition, home healthcare services are still at a nascent stage in developing regions such as India and Latin America and witnessing high growth rate during the forecast period. These factors would fuel the demand for home healthcare during the study period, and hence boost market growth. However, high cost coupled with reimbursement issues related to home healthcare services and devices would restrain market growth.

This report encompasses a detailed study of various home medical devices and home healthcare services. Home healthcare devices have been majorly segmented into diagnostic and monitoring devices, therapeutic devices, home mobility assist devices and medical supplies. The diagnostic and monitoring devices segment includes blood glucose monitors, blood pressure monitors, sleep apnea monitors, pregnancy test kits, pulse oximeters, heart rate monitors,...