The demographics of an aging population and a growing demand for convenient, cost-effective products are expected to drive growth in the Home Healthcare Device industry. Theglobal market is forecast to reach an estimated US $29 billion in 2017 with a CAGR of 3.4% over the next five years.
Lucintel, a leading global Management Consulting and market research firm, has analyzed the Global Home Healthcare Device industry and presents its findings in“Global Home Healthcare Device Industry2012-2017:Trend, Profit, and Forecast Analysis.”
The Home Healthcare Device industry consists of home-based treatment such as glucose monitors, blood pressure monitors, diabetes control devices, wheelchairs, walking aids, home dialysis equipment, test strips, heart rate meters, sleep monitoring devices, and such other home healthcare devices.Factors such as technology innovations, growth numbers of elderly people,an increasing patient pool, and changing lifestyles impact the market dynamics significantly.
North America dominates this industry and is expected to witness the highest CAGR over the forecast period. APAC is a smaller market, but it holds good growth potential for the future, driven mainly by India and China. An aging population, changes in healthcare needs and social structure, and rising hospitalization costsare likely to drive the market for oxygen delivery systems, health monitoring devices, mobility equipment, measurement tools, and other such home healthcare devices.
Increasing regulatory interference in the home healthcare devices industry, huge socioeconomic diversity among populations, especially in emerging economies, and healthcare infrastructure are some of the challenges being faced by the industry. Lucintel’s research indicates thatthe introduction of new technology such as remote monitoring devices, web-based technologies, increasing use of software applications, and other technological innovations will likely change the face of the global home healthcare device industry.
Lucintel’s study provides a concise overview of the Global Home Healthcare Device industry. The report tracks four regions of theindustry. The scope of this study is limited to annual trends for the past five years and forecasts for the next five years. This study includes manufacturers as well as distributors of home healthcare devices.
For a detailed table of contents and pricing information on this timely, insightful report, contact Lucintel at +1-972-636-5056 or via email at helpdesk@lucintel.com. Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, insight, and cost efficiency. To learn more, visit www.lucintel.com.