Our industry experts anticipate that within the home healthcare market, the patient diagnosis/treatment devices is expected to be the fastest-growing product segment, growing at a CAGR ranging from 5% to 10% during the forecast period. In addition, telehealth services are anticipated to be the fastest-growing service segment, growing at a CAGR ranging from 10% to 15% during the forecast period. The experts also anticipate the Asia-Pacific region to witness the fastest growth, growing at a CAGR ranging from 5% to 10% during the forecast period.
Chicago, IL -- (SBWIRE) -- 02/28/2017 -- According to a new market research report, "Home Healthcare Market by Products (Patient Diagnosis/Treatment Devices, Assistive Technology Based Devices and Enteral Feeding Devices), Services (Rehabilitation, Home Respiratory Therapy, Home Infusion Therapy, Telehealth and Unskilled Home Healthcare Services) - Global Revenue, Trends, Growth, Share, Size & Forecast to 2021", published by Scalar Market Research, the home healthcare market is set to grow at a steady CAGR of 8.6% and reach USD 257.33 billion by 2021. In the year 2016, the global home healthcare market is estimated to be worth USD 170.09 billion.
The global home healthcare market report offers in-depth analysis of the market size (revenue), market share, major market segments, different geographic region, forecast, key players, and premium trends. It also focuses on the key drivers and opportunities in this market.
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Asia-Pacific segment is expected to grow at the highest CAGR of 9.9% from 2016 to 2021. Increasing preference of remote patient monitoring and introduction of novel software connected devices for home healthcare by key companies will help this region to grow at the highest CAGR during the study period.
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Key findings of the report:
1. The rising geriatric population around the world, growth in the instances of chronic diseases, and the rising demand for various inexpensive healthcare systems are the major driving factors for the home healthcare market.
2. The changes in government policies are also expected to create a strong rise in demand for the home healthcare market on the global scale.
3. Various sub-segments of the portable medical devices segment of the home healthcare market, such as pregnancy kits and blood glucose monitors are also expected to contribute to the overall growth of the market.
This report segments the global home healthcare market by the types of diagnostic devices, treatment devices, applications, and the major geographic regions. The types of diagnostic devices include microscopes, dermatoscopes, and imaging techniques. The types of treatment devices include microdermabrasion, electrosurgical, lasers, light therapy devices, and cryotherapy.
The application segments of the market include skin resurfacing, skin rejuvenation, wrinkle removal, cancer diagnosis, psoriasis, acne, vascular lesions, and hair removal. The major geographic regions of the market include North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa.
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The key home healthcare market players highlighted in this report include:
1. Abbott Laboratories
2. Bayer HealthCare AG
3. Fresenius SE & Co KGaA
4. Invacare Corporation
5. Johnson & Johnson
6. Kindred Healthcare, Inc.
7. Koninklijke Philips N.V
8. Medtronic, Inc.
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Dermatology Devices Market - Global Revenue, Trends, Growth, Share, Size and Forecast to 2022
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