Home Healthcare Market Driven by Rising Prevalence of Chronic Diseases: Transparency Market Research
March 04 2015 - 03:34AM
Business Wire
A new report published by Transparency Market Research, titled
‘Home Healthcare Market - Global Industry Analysis, Size, Share,
Growth, Trends and Forecast, 2014 – 2020’, suggests that the global
home healthcare market will reach US$303.6 billion by 2020, rising
from the estimated value of US$176.1 million in 2014. The market is
expected to grow at a CAGR of 8.1% from 2014 to 2020.
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http://www.transparencymarketresearch.com/home-healthcare-market.html
The growth of the global home healthcare market is supported by
factors like rising prevalence of chronic diseases and increasing
number of people diagnosed with acute diseases. This report
analyzes major geographies such as North America, Europe,
Asia-Pacific, and Rest of the World (RoW). In 2013, North America
dominated the market majorly due to increasing acceptance of
home-based solutions, growing geriatric population, and incidence
of chronic diseases.
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The global home healthcare market report covers market
segmentations and subcategories of various devices and services.
The home healthcare devices segment comprises various devices such
as diagnostic and monitoring devices, therapeutic devices, home
mobility assist devices, and medical supplies. Furthermore, the
diagnostic and monitoring segment, therapeutic devices segment, and
home mobility assist devices segments are considered in this
report. The home healthcare services segment is further categorized
as infusion therapy services, rehabilitation services, respiratory
therapy services, unskilled home healthcare services, and
telehealth and telemedicine services.
Press Release:
http://www.transparencymarketresearch.com/pressrelease/home-healthcare-market.htm
In the home healthcare devices market, diagnostic and monitoring
devices segment dominated the global market and is expected to grow
at the highest CAGR owing to increasing technological advancements.
Similarly, in the services market, rehabilitation services
contributed the largest share globally, attributed to increasing
number of service providers coupled with rising preference among
the patient population for these services. Telehealth and
telemedicine is the fastest growing services segment in this
market.
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About Transparency Market Research
Transparency Market Research (TMR) is a U.S.-based market
intelligence company driven by high-pedigree consultants and
researchers. TMR leverages its Syndicated Research, Custom
Research, and Market Consulting expertise to help businesses make
accurate decisions. TMR’s exclusive blend of quantitative
forecasting and trends analysis draws on proprietary data sources
and techniques, while their data repository is continuously updated
to reflect the latest trends.
Transparency Market ResearchMr. Nachiket Ghumare,
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