Deerfield Beach, FL -- (SBWIRE) -- 10/17/2017 -- According to the report, global demand for home healthcare market was valued at USD 190.0 billion in 2014 and is expected to generate revenue of USD 300.0 billion by 2020, growing at a CAGR of slightly above 8% between 2015 and 2020. Zion Market Research has published a new report titled "Global Home Healthcare (Diagnostics and Monitoring Devices, Therapeutic Home Healthcare Devices, Mobility Assist Devices and Medical Supplies) Market for Rehabilitation, Telehealth and Telemedicine, Respiratory Therapy, Infusion Therapy and Unskilled Home Healthcare Services: Global Industry Perspective, Comprehensive Analysis and Forecast, 2014 – 2020."

Home healthcare is specifically referred to home medical care or formal care. Home health care usually involves helping geriatric people to recover from an illness or injury and live independently for as long as possible. Home health care includes occupational & physical therapy, speech therapy, and skilled nursing. It may involve helping older adults with activities of daily living, such as bathing, dressing, and eating. It can also include assistance with cooking, cleaning, other housekeeping, and monitoring one's medication routine.

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The global home healthcare market is mainly driven by increasing geriatric population, rising healthcare costs and technological advancements in healthcare devices. With increasing health awareness among people, increase in a number of people diagnosed with chronic diseases such as diabetes cardiac disorders and respiratory diseases, the demand for home healthcare market is expected to grow in the next few years. The population of geriatric people is growing across the world. Geriatric people are more vulnerable to chronic diseases such as diabetes. This, in turn, is expected to fuel the growth of home healthcare market. Favorable reimbursement policies coupled with the presence of a large number of small-scale and large-scale healthcare service has provided a strong boost to the home healthcare market, especially in North America. However, changing reimbursement policies and limited insurance coverage is expected to limit the growth of home healthcare market to some extent in the years to come.

In order to give the users of this report comprehensives view on the home healthcare market, we have included a detailed competitive scenario and product portfolio of key vendors. To understand the competitive landscape in the market, an analysis of Porter's Five Forces model for the home healthcare market has also been included. The study encompasses a market attractiveness analysis, wherein product segments and services segment are benchmarked based on their market size, growth rate, and general attractiveness.

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The home healthcare market is segmented on the basis of different services such as rehabilitation services, telehealth, and telemedicine services, infusion therapy services, respiratory therapy services, unskilled home healthcare services. The infusion therapy segment dominated home healthcare market with the largest share in total revenue generated in 2014. The infusion therapy services segment is expected to grow at a rapid CAGR during the forecast period owing to increasing demand from geriatric or aging population.

Global home healthcare market was dominated by North America and accounted for the largest share of the total revenue generated in 2014. North America was followed by Europe and Asia-Pacific respectively. Europe was the second largest significant share market and accounted for over 24% share of the total revenue generated by global home healthcare market in 2014. Increasing healthcare investments by the European government supports the growth of home healthcare market in the region. Home healthcare market in Asia Pacific is also expected to grow at the robust CAGR during the forecast period.

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Some of the key industry participants in global home healthcare market includes 3M Health Care, Bayer AG, Abbott Laboratories, Cardinal Health, Inc., GE Healthcare, Johnson & Johnson Services, Inc., Gentiva Health Services, Inc., Invacare Corporation, F. Hoffmann-La Roche Ltd., Phillips Healthcare, Medtronic, Inc. and Omron Healthcare, Inc.