DUBLIN, May 23, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Home Healthcare Market 2016-2020" report to their offering.
The report forecasts the Global Home Healthcare Market to grow at a CAGR of 8.85% during the period 2016-2020.
Home healthcare refers to a wide range of medical products (include heart rate monitors, blood glucose level indicators, and nebulizers), services, and solutions that provide health monitoring, treatment, and physical support to patients or customers at home. The home healthcare market offers complete solutions that include the product as well as software and support from consultants and physicians.
A noteworthy trend is the integration of mobile devices with home healthcare systems. Technological advancements and wireless communication have allowed personal devices such as mobile phones and tablets to be linked or synchronized with home healthcare solutions. This offers more freedom and flexibility, as well as the ability to monitor vitals wirelessly on mobile devices. With rapid growth in the field of wearable technologies, devices or sensors require only a mobile device to transfer data and monitor the patient's vitals.
According to the report, a key growth driver is the growing demand for affordable healthcare solutions. Since the early 2000s, the cost of healthcare has been steadily on the rise. In countries like the US, the healthcare cost rose faster than inflation during the last decade. In the US, the consumer price index inflation rate stood at an average of 2.04% during 2005-2015, whereas the healthcare inflation rate moved up to 3.62% during the same time period. This can be attributed to the increase in the prices of drugs, medical devices, and hospital services. These factors have led to the US population looking for more affordable healthcare solutions.
Further, the report states that one challenge that could hamper market growth is the complexity in pricing for home healthcare solutions.
- Johnson & Johnson
- Omron Healthcare
- Roche Holdings
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by type
PART 07: Market segmentation by application
PART 08: Geographical segmentation
PART 09: Buying criteria
PART 10: Market drivers
PART 11: Impact of drivers
PART 12: Market challenges
PART 13: Impact of drivers and challenges
PART 14: Market trends
PART 15: Vendor landscape
PART 16: Key vendor analysis
For more information visit http://www.researchandmarkets.com/research/wtqr2f/global_home
Research and Markets
Laura Wood, Senior Manager
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/global-home-healthcare-market-2016-2020---integration-of-mobile-devices-with-home-healthcare-systems---research-and-markets-300273018.html
SOURCE Research and Markets