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.
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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.
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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.
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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.
global-home-healthcare-market
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.
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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
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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)
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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.
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Array Instrument Market Analysis By Transparency Market Research

This report is an effort to identify factors, which will be the driving force behind the array market and sub-markets in the next few years. The report provides extensive analysis of the industry, current market trends, industry drivers and challenges for better understanding of the market structure. The report has segregated the array industry in terms of product, application and geography.

Browse the full report at http://www.transparencymarketresearch.com/global-array-market.html

 

We have used a combination of primary and secondary research to arrive at the market estimates, market shares and trends. We have adopted bottom up model to derive market size of the global array market and further validated numbers with the key market participants and C-level executives. This report highlights the industry with the following points:

  • Definition, estimates & forecast of array product market from 2011 to 2017
  • Analysis of product segments for array product market with historical data and forecast
  • Trends and forecast for four geographic markets, namely U.S., Europe, Asia-Pacific and RoW based on segments of array product market
  • Profiles of major market participants for better understanding of their contributions
 Transparency Market Research
This research is specially designed to estimate and analyze the demand and performance of array instruments in a global scenario. The research provides in-depth analysis of array product manufacturers, product sales, trend analysis by segments and demand by geography. The report covers all the major product segments of the global array market and provides historical data and statistically refined forecast for the segments covered.
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Technological advancement and sophisticated approach in health care operations are the major factors contributing the development of array instruments market. Some of the major factors affecting the global array market include increasing number of chronic diseases, innovation in health care operations, cost effective drugs development, and requirement of reduced clinical trials failure in drug development and support from the government to improve overall health infrastructure facilities.
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DNA micro array represents the largest market segment at USD 861.8 million in 2011 of the overall array market, followed by the protein array technology. DNA array technology is expected to grow at a CAGR of 12.1% from 2011 to 2017. In 2011, the current market share of protein array was about 31.7% and which is expected to capture 37.2% of the market share in 2017.
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Current array market is dominated by the U.S and Europe at 40.1% and 33.2% market share respectively. Asia Pacific market is growing at the highest growth rate because of high demand from emerging countries like India and China. Asia holds the market share of 21% in array market and generated the revenue of USD 307.8 million in year 2011.
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Enteral Feeding Devices Market Report Published By Transparency Market Research

This report is an effort to identify factors, which will be the driving force behind the enteral feeding devices market and sub-markets in the next six years. The report provides extensive analysis of the market, current trends, industry drivers and challenges for better understanding of the enteral feeding devices market structure. The report has segregated the industry in terms of products and geography.

Browse the full report at http://www.transparencymarketresearch.com/enteral-feeding-devices-market.html

Aging population, especially in North America and Europe, coupled with the cost benefits of home enteral nutrition compared to hospitalization is expected to fuel the demand for enteral feeding devices for the next five years. The global enteral feeding devices market is expected to grow at a CAGR of 5.9% from 2011 to 2018. The market is dominated by enteral feeding pumps, which are generally the most expensive items of the setup, accounting for 61% of the total market revenues in 2011. Enteral feeding pumps are also the fastest growing device type and are expected to grow at a CAGR of 6.1% from 2011 to 2018. The demand for low profile gastrostomy and nasogastric tube is expected to grow at a CAGR of 5.5% and 5.4% respectively for the same time period.
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In terms of geography, North America and Europe dominate the market, accounting for 67% of total market revenues in 2012, although, in terms of growth, Asia Pacific is the fastest growing market, which is expected to grow at a CAGR of 6.5% from 2011 to 2018.
The market is dominated by large corporations, some of which are also backward integrated and supply nutrition formulations along with feeding devices. Key participants include Abbott Nutrition, Danone, Fresenius-Kabi and so on.
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The study presents a comprehensive assessment of the stakeholder strategies and winning imperatives for them by segmenting the global enteral feeding devices market and covering the following content as well:
  • Analysis of markets and their respective sub-segments
  • Trends and forecast for four geographic markets, namely North America, Europe, Asia-Pacific and Rest of the World (RoW) based on segments of enteral feeding devices
  • Recent development of the major players and strategies followed by them for gaining competitive advantage
  • Profiles of major market participants for better understanding of their contributions
Reasons for buying this report
  •   Forward-looking perspective on a category, market or issue affecting the industry growth
  • Six year forecast assesses how the market is predicted to grow
  • Understand the competitive environment, the leading players and segments in the market
  • Clear understanding about the key product segments and identification of the most robust product segment will help in ensuring strong returns
  • Pin-point analysis of changing dynamics of competition keeps you ahead of the competitors
  • Make more informed business decisions from insightful and in-depth analysis of the technical and commercial strength of enteral feeding devices and its performance
  • Observe the chronological sales performance of enteral feeding devices in major regional markets
  • Obtain sales forecast for currently marketed enteral feeding devices for 2012-2018 for all major markets
Scope of the report:
 
This detailed report categorizes enteral feeding devices market into the following product categories:
  • Enteral Feeding Pumps
  • Low Profile Gastrostomy
  • PEG (Percutaneous Endoscopic Gastrostomy Kit)
  • Nasogastric Tube
  • Gastrostomy Tube
  • Giving Set
The geographies covered in this report include 
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World (RoW)

Browse the full report with TOC at http://www.transparencymarketresearch.com/enteral-feeding-devices-market.html