Home healthcare Market worth US$159.6 Billion By 2014 Jan 2014

Global Home healthcare Market worth US$159.6 Billion By 2014

According to a new healthcare market research report ‘Global Home Health Care Market (2009 - 2014)’,
the entire home healthcare market covered under the report is estimated to be approximately $159.6
billion. Home healthcare service market is estimated to constitute $143.1 billion in 2009, which is about
90% of the entire market.
Browse 177 market data tables and in-depth TOC on Home Healthcare market.

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The most important trend in healthcare is the focus shift from hospitals to home care, moving from
treatment to proactive monitoring and care, which is opening new gates of opportunities for the home
healthcare market. Patients prefer home healthcare over hospitals mainly for the convenience and cost
effectiveness it offers. However, they are now opting more for third party home care over self care mainly
due to better treatment quality ensured by trained medical professionals at home. The home healthcare
market generates more than 70% of revenues from the people aged 65 years and above. The major
reason underlying such a huge revenue generation from the older population is the declining ‘elderly
support ratio’, which is the ratio of the number of people caring for the elderly, to the number of older
people above 65 years. This further showcases the growth potential of third party care market in coming
years.
The home healthcare services market is estimated to reach $207.0 billion by 2014. Home visits and
nursing services constitute 72% of the entire market. Most of the growth potential lies in the field of home
telemedicine service which is forecasted to grow at a CAGR of 32.3% from 2009 to 2014.
In the home healthcare equipment market, diabetes devices alone constitute about 46% of the entire
market, while the home therapeutic equipment market is the highest growing market growing at a CAGR
of 19.4%.