Healthcare Industry Home Healthcare Market Trends and Analysis 2020 | Page 2

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High usage rates of devices for BP monitoring and for fertility & preg nancy tests also has a positive impact on
product demand. Therapeutic equipment held the second highest share in 2013. These comprise home
respiratory therapy equipment, home dialysis equipment, intravenous pumps, insulin delivery, and others.
Walking assist devices, home medical furniture, and wheel chairs are examples of mobility assistive
equipment.
According to services, the overall Home Healthcare Market is categorized into telemetry, infusion therapy
services, respiratory therapy services, unskilled home care, and rehabilitation services. Owing to an
increasing geriatric population and growing number of surgeries being performed for trauma cases,
rehabilitation services held a 59.3% industry share in 2013. Infusion therapy is expected to grow rapidly over
the forecast period, owing to cost efficient ambulatory therapies and high usage rates of enteral nutrition &
chemotherapies in home settings.
Regional segments of the worldwide home healthcare market are Asia Pacific, Europe, North America, and
Rest of the World. North America being a well established regional market held a revenue share exceeding
44.3% in 2013. Regional drivers are large aging population, well developed healthcare infrastructure, and
high income levels. Favorable government initiatives that curb healthcare spending via the promotion of
home healthcare may stand to benefit the region in the years to come. Asia Pacific can expand robustly
because of a rapidly growing aging population in Japan and better medical infrastructure in emergi ng
countries. High healthcare expenditure in China and India may further contribute to regional progress.
Companies in the global home healthcare market are Teleflex, Carefusion, Fresenius Kabi, Kinetic Concepts,
and GE Healthcare among many others. Once a patient is discharged from a hospital, the quality of medical
care that he/she receives decreases drastically. In view of this, Reliq Health Technologies Inc., developed an
affordable and effective home healthcare solution in 2016. This solution, known a s the “Circle of Care”
involves a well developed network comprising medical practitioners, nurses, the patient, and the patient’s
family members. This solution can be customized as per the exact needs of the patients. Reliq Health
Technologies Inc. is a Canada based technology company that focuses on innovations in mHealth (mobile
health).
Browse Related Category Market Reports @
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