Home Healthcare Market Growing at 8.85% to 2020

May 20, 2016, 06:00 ET from Sandler Research

PUNE, India, May 20, 2016 /PRNewswire/ --

According to the 2016 home healthcare market report, a key growth driver is the increasing demand for affordable healthcare solutions as 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.

Complete report on home healthcare market spread across 66 pages, analyzing 5 major companies and providing 31 data exhibits now available at http://www.sandlerresearch.org/global-home-healthcare-market-2016-2020.html

The analysts forecast global home healthcare market to grow at a CAGR of 8.85% during the period 2016-2020. 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.

The Home Healthcare Market is divided into the Following Segments Based on Geography: Americas, APAC, Europe and MEA. Global Home Healthcare Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. This report covers the present scenario and the growth prospects of the Global Home Healthcare Market for 2016-2020.  

Key players in the global home healthcare market: Johnson & Johnson, Omron Healthcare, Philips, McKesson, and Roche Holdings. Other prominent vendors in the market are: A&D Company, Abbott, Almost Family, Apria Healthcare, eCaring, Fresenius, Gentiva Health Services, Interim Healthcare, Kindred Healthcare, Linde Healthcare, LHC Group, Kinnser Software, and Rotech Software.

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. People do not need to visit a hospital or any other healthcare facility to benefit from these offerings; they can be accessed in the comfort of homes. The home healthcare market offers complete solutions that include the product as well as software and support from consultants and physicians. Order a copy of Global Home Healthcare Market 2016-2020 report @ http://www.sandlerresearch.org/purchase?rname=54372.

Further, the home healthcare market report states that one challenge that could hamper market growth is the complexity in pricing for home healthcare solutions.

Another related report is Global Healthcare SCM (Supply Chain Management) Market 2016-2020, which predicts the global healthcare supply chain management market to grow steadily at a CAGR of 10% over the next four years. Healthcare SCM systems use innovative technology solutions such as Internet of Things (IoT) to change the traditional process of managing the supply chain in the healthcare industry. Healthcare providers use IoT solutions to track logistics systems for health-related products.

Key players in the global healthcare supply chain management market: Cardinal Health, Cerner, Mckesson and Oracle. Other prominent vendors in the market are: Airclic, Binary Stream, Epicor, Genco, GHX, Infor, JDA Software, Manhattan Associates, Mayo Clinic, Microsoft, Owens & Minor, ROi, Solstice Medical, SAP, TECSYS, and UPS. Browse complete report @ http://www.sandlerresearch.org/global-healthcare-scm-market-2016-2020.html .

Explore other new reports on Pharmaceuticals and Healthcare Market @ http://www.sandlerresearch.org/market-research/pharmaceutical/pharmaceuticals-and-healthcare.

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