May 25, 2016: A new trending note at JSB market research on “Asian home healthcare market to Touch Healthy CAGR of 9.8% to 2020”
The Asian home healthcare market is estimated to reach USD 62.32 billion by the year 2020 from amount USD 39.07 billion of 2015, growing at CAGR of 9.8% to 2020. Market segmentation is on the basis of services, products, countries, and telehealth. The Asian home telehealth market will roll at the highest CAGR in next five years. As per healthcare market research, lack of awareness on home healthcare, less of insurance coverage and negligent patient safety concerns are some of the reasons that may hinder progress of this market at forecast period.
Reasons for Market Development
Key aspects contributing to the expansion are rapid increase in aging population, chronic diseases, and demand for affordable medical delivery systems given a rise in healthcare costs, government initiatives, and technological advancements. Rising awareness about cost-effectiveness and convenience of products and services along with more adoption of telecommunication are factors leading to spurge in home health care market this year and till 2020. Many initiatives are driven by governments to endorse home healthcare.
Fast-Paced Movements in Industry
The National Health and Family Planning Commission (NHFPC) in August 2014 disseminated detailed policy at China on the ways of promoting many of the remote medical services via institutions. Thus, there was some providence for basic rules of telemedicine in China. According to home healthcare market analysis, India and China will be the fastest growing places in the Asian continent until the oncoming five years, and this will be because of increasing disposable incomes and new service providers.
Report Offerings and Details
Beside a concise geographical or product analysis, the report offers competitive landscape information covering the growth strategies taken up by the industry players in past three years. The home health care market sizedetails pertain to key players, company profiles, recent developments, basic views, product portfolios, new entrants, informed decisions, geographical focus, product offerings, strategic approaches, changes, trends, innovations, technologies, investments, output level, and a lot more.
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