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Global Home Healthcare Market Gaining From Innovative Products And Cloud-Based Technology

Press Release   •   Jan 24, 2017 04:00 EST

The new report provides a detailed study of the market for home healthcare across the globe and aims at armoring existing and new market players to make more informed decisions for the future of their business. The report, titled “Global Home Healthcare Market 2016-2020,” projects a healthy CAGR of 8.85% during the forecast period of 2016 to 2020, based on several factors which are expected to influence the market. The report also profiles some of the key players for their offerings, market share, and strategies.

A wide range of medical products such as blood glucose level indicators, heart rate monitors, and nebulizers are included in home healthcare, besides several services and solutions such as health monitoring, treatment, exercising support to patients at home. Home healthcare offers complete solutions that include the product as well as software along with consultancy from physicians. In the past few years, home healthcare systems have developed beyond products such as blood glucose level monitors to complete healthcare solutions, which helps patient in vitals to be tracked in real-time by a physician or healthcare professional. For instance, iHealth and Intel-GE Care Innovations introduced a new range of vital sign monitoring products in the care innovations connect platform using cloud-based technology. This enables healthcare professionals and physicians to respond in the real time to any chronic condition and significantly reduce hospital admissions and emergency room visits.

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The report observes that the cost of healthcare has been steadily rising across the globe, especially in the country of the U.S. where healthcare cost has increased quicker than inflation in last few years, and as a result, the demand for affordable healthcare solutions is among the key drivers for this market. With the increase in the prices of drugs, hospital services, and medical devices, the report finds that home healthcare solution offers help to the patients in the comfort of their homes and at a reduced cost, which will fuel the demand in coming years. However, home healthcare has limitations when it comes to acute symptoms and diseases.

Based on type, the report segments the global home healthcare market into products, services, and solutions. By application, the market is segmented into testing, screening, and monitoring, therapeutic solutions, fitness and nutrition applications, and other applications. Geographically, the report studies the regional markets of Americas, APAC, Europe, and the Middle East and Africa. For each of these segments, the report offers estimated revenue and growth rate during the forecast period of 2016 to 2020.

The key players profiled in this report are Johnson & Johnson, Omron Healthcare, Philips, McKesson, and Roche Holdings. Some of the other prominent players identified by the report in global home healthcare market are A&D Company, Abbott, Almost Family, Fresenius, Gentiva Health Services, Apria Healthcare, eCaring, Interim Healthcare, LJC Group, Kinnser Software, Kindred Healthcare, Linde Healthcare, and Rotech Healthcare. To present a clear picture of the competitive landscape, the report also offers separate chapters on industry association and investment opportunity analysis.

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