Home Healthcare Market Key Trends, Vendor Strategies, Industry Analysis and Forecast 2020

Home Healthcare Market Size, Share, Global Trends, Company Profiles,

Demand, Insights, Analysis, Research, Report, Opportunities, Segmentation

and Forecast To 2020

The global market for home healthcare is expected to reach USD 355.3 billion by 2020, growing

at an estimated CAGR of 7.8% from 2014 to 2020. Home healthcare products are generally

applied to a broad range of equipment and services designed for exclusive use for home or other

non-medical establishments by non-professional caregivers, family members, or the patients

themselves. Increasing adoption of telehealth and other emerging healthcare technologies are

expected to drive market growth over the forecast period. Home healthcare is rapidly getting

adopted as a cost effective alternative to healthcare establishment based therapy and therefore,

growing geriatric population base and prevalence of chronic conditions requiring long term care

is also expected to have a positive impact on growth. Presence of untapped potential in emerging

markets such as India, Brazil and China and increasing health awareness are expected to serve

this market as future growth opportunities.

Further key findings from the study suggest:

Home healthcare services dominated the overall market, accounting for over 85% of global

revenue in 2013, due to increasing demand for Infusion therapy services and telemetry.

Infusion therapy is expected to be the fastest growing services market, at an estimated CAGR of

11.7% from 2014 to 2020. Increasing initiatives undertaken by healthcare service providers to

curb costs associated with specialty drugs and by retail pharmacies to render efficient chronic

disease management solutions are some of the drivers of this market.

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