Global Home Healthcare Market is Expected to Reach USD 303.6 Billion in 2020

According to a new market report published by Transparency Market Research “Home Healthcare Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 – 2020” the global home healthcare market was valued at USD 176.1 billion in 2013 and is estimated to reach a market worth of USD 303.6 billion in 2020 growing at a CAGR of 8.1% from 2014 to 2020.
The report on global home healthcare market studies wide range of home medical devices and services that are used for the diagnosis and mitigation of chronic diseases. These devices and services are widely utilized by elderly population and patients diagnosed with chronic or acute diseases. Rising geriatric population coupled with increasing prevalence of chronic diseases will boost the demand of home healthcare market globally.
Browse Global Home Healthcare Market Research Report With TOC @
In 2013, World Health Organization stated that, cardiovascular diseases accounted for 9.4 million deaths each year; of these high blood pressure accounted for 16.4% of the total deaths worldwide. Introduction of new technologies, new healthcare services and increasing focus of key companies to develop new devices will further drive the market growth. For instance, F. Hoffmann-La Roche Ltd. offers a complete range of ACCU-CHEK Compact Plus meter system that combines both ACCU-CHEK Compact Plus and ACCU-CHEK Compact test strips. Also in February 2014, Omron Healthcare, Inc. introduced Alvita ultimate pedometer. This device features tri-axis technology that enables accurate tracking of body movement – almost anywhere anytime. It is also integrated with auto-stride technology, which automatically calculates strides based on users’ height and weight. These types of innovation help companies to attract more number of customers and hence drive the market growth. However, high cost for healthcare services and risk for incorrect use of home devices will restrain the market growth. For instance, a patient can rarely notice a symptom of hypertension unless it is measured at a physician’s clinic.
Diagnostics and monitoring home devices segment accounted for the largest market share in 2013 and is expected to dominate the home healthcare market by device types during the forecast period from 2014 to 2020. In addition, incorporation of advanced technologies that provides accurate and quick results will drive the market growth. For example, Zephyr Technology Corporation developed Zephyr HxM Smart heart rate monitor that features Zephyr’s patented BioHarness smart fabric heart rate technology. This device offers wireless connectivity to mobile phones that enables recording of heart rate, speed, steps and distance. Thus, all the mentioned factors collectively propel the growth of diagnostics and monitoring home devices market.
The home healthcare services market comprises rehabilitation services, telehealth and telemedicine services, infusion therapy services, respiratory therapy services and unskilled home healthcare services. Rehabilitation services segment accounted for the largest market share in 2013 owing to rising number of companies engaged in providing these services and increasing demand for rehabilitation services by the patient population. In addition, telehealth and telemedicine services segment is expected to grow at the highest CAGR from 2014 to 2020. This growth is mainly attributed to increasing trend of remote patient monitoring coupled with introduction of software connected devices and ability to provide high quality medicine would further increase the uptake of telehealth and telemedicine services segment.
Geographically, global home healthcare market is segmented as North America, Europe, Asia-Pacific and Rest of World. North America accounted for the largest market share and is expected to dominate the market during the forecast period from 2014 to 2020. Rising acceptance of home based devices and services by geriatric population coupled with rising incidences of chronic diseases will drive the market growth of home healthcare in North America. Asia-Pacific is identified as the most lucrative market owing to growing trend of self-monitoring and increasing focus of key companies to expand their presence in these economies. Thus, owing to the mentioned factors, Asia-Pacific region is expected to grow at the highest CAGR from 2014 to 2020.
The major players of this market include Johnson & Johnson, Medtronic, Inc., F. Hoffmann-La Roche Ltd., Abbott Laboratories, Bayer AG, The Linde Group and others. These players are adopting strong growth strategies such as mergers and acquisitions and increasing investments in research and development activities to enhance their market share in the global home healthcare market. For example, Johnson & Johnson acquired Animas Corporation, LifeScan, Inc. and Ortho-Clinical Diagnostics, Inc. These acquisitions help the company to expand its product portfolio in insulin delivery devices and blood pressure monitors segment. Other significant players having presence in the global market include companies such as 3M Healthcare, Cardinal Health, Omron Healthcare, Inc. ResMed, Inc., Teleflex Incorporated, Gentiva Health Services, Inc. and Praxair Technologies, Inc
Get Sample Copy of Global Home Healthcare Market Research Report @
The Global home healthcare market is segmented as follows:
  • Global Home Healthcare Market, by Device Types
    • Diagnostics and Monitoring Home Devices
      • Blood Glucose Monitors
      • Blood Pressure Monitors
      • Heart Rate Monitors
      • Temperature Monitors
      • Sleep Apnea Monitors
      • Coagulation Monitors
      • Pregnancy Test Kits
      • Pulse Oximeters
      • Pedometers
    • Therapeutics Home Healthcare Devices
      • Insulin Delivery Devices
      • Nebulizers
      • Ventilator and CPAP Devices
      • IV Equipments
      • Dialysis Equipment
    • Home Mobility Assist Devices
      • Wheelchairs
      • Cranes and Crutches
      • Other Home Mobility Assist Devices
    • Medical Supplies
  • Global Home Healthcare Market, by Services
    • Rehabilitation Services
    • Telehealth and Telemedicine Services
    • Infusion Therapy Services
    • Respiratory Therapy Services
    • Unskilled Home Healthcare Services/li>
  • Global Home Healthcare Market, by Geography
    • North America
    • Europe
    • Asia-Pacific
    • Rest of the World (RoW)
About Us
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Ms. Sheela AK
90 Sate Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s