Healthcare Industry Home Healthcare Market Trends and Analysis 2020

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Home Healthcare Market - Industry Analysis, Size, Share, Growth
and Forecast to 2020 - Hexa Research
“Worldwide home healthcare market is projected to
expand at a CAGR nearly 8% over the forecast period
(2012 to 2020).”
The worldwide Home Healthcare Market is projected to expand at a CAGR nearly 8% over the forecast period
(2012 to 2020). In 2015, the industry stood at nearly USD 245 billion. One of the key drivers of this market is
the rapidly growing geriatric population worldwide. The elderly are most susceptible to medical disorders,
such as COPD (chronic obstructive pulmonary disease), diabetes, and asthma among others.
The onset of such ailments triggers the need for health checkups & monitoring on a regular basis. As a result,
the demand for health delivery & health monitoring services starts increasing subsequently. The growing
trend of establishing clinical facilities in home settings is likely to spur industry growth in the years to come.
Besides being safe & effective, home healthcare equipment are very convenient too. Seat lifts and denture
cleaners are examples of technologically advanced products.
The global industry is segmented as per products, services, and regions. On the basis of products, the
divisions are mobility assist equipment, diagnostic equipment, and therapeutic equipment (TE). With a 41.6%
revenue share, diagnostic equipment dominated the industry in 2013. This product segment is poised to
witness remarkable growth till 2020. Demand drivers are high incidence of cardiovascular disorders &
diabetes, the need for regular monitoring services for chronic illnesses, and heightened awareness.
Browse Details of Report @ https://www.hexaresearch.com/research-report/home-healthcare-industry
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