The global home healthcare market is estimated to be worth USD 195.6 billion in 2012 and is expected to reach the value of USD 305.9 billion by 2018, growing at a CAGR of 7.7% from 2012 to 2018, according to a new market report published by Transparency Market Research, “Home Healthcare Market – Global Industry Size, Market Share, Trends, Analysis and Forecast, 2012 – 2018″. The Americas region is expected to lead the global home healthcare market in terms of revenue till 2018. The total home healthcare market in the Americas is expected to reach the value of $150.8 billion by 2018 followed by Europe with total revenue of $80.5 billion.
The aging of the baby boomer population is fueling the rising need to monitor and care for home healthcare products and services, due to their cost efficiency and reliability. The technological advancements that have taken place in the home healthcare segment provides opportunities for hospitals and patients to get early discharge, and minimize the cost and infrastructure pressures. The growth in certain chronic diseases or medical conditions such as high blood pressure, diabetes, asthma, and other cardiovascular and respiratory diseases, which require continuous remote monitoring and care, are further driving the adoption of patient centered medical home models.
The global home healthcare equipment market can be categorized as: therapeutic equipment market, self-diagnostic and monitoring equipment market, mobility assists equipment market, and others. Currently, the key market players dominating the home healthcare equipment market are: J&J (Johnson and Johnson), Braun, GE Healthcare, Baxter International, Philips Healthcare, Omron Corporation, Invacare, and Medtronic.
This research is specially designed to estimate and analyze the demand and performance of home healthcare equipment and services in a global scenario. The research provides in-depth analysis of home healthcare equipment manufacturers, product sales, trend analysis by segments and demand by geography. The report covers all the major application segments of the global home healthcare market and provides in-depth analysis, historical data and statistically refined forecast for the segments covered.
See the full report at http://www.transparencymarketresearch.com/home-healthcare-market.html