The US Home Healthcare Market is expected to grow at CAGR of approximately 7% during 2015-2020, says RNCOS.
Noida, UP -- (SBWIRE) -- 07/14/2015 -- Rising number of chronic diseases like heart disease, asthma, obesity, cancer and diabetes are the main reasons for the leading cause of death and disability in the United States. Number of people affected from chronic disease is continuously increasing as 45% of the total population has at least one chronic disease and they are most frequent user of healthcare. This attributed mainly by increasing life span of senior population and unhealthy lifestyle of younger population. Increasing healthcare cost, creates a need for more affordable treatment option such as home care, offers high cost advantage to the patients and reduces their hospital expenditure.
Moreover, chronic disease required regular checkup and monitoring, as through home healthcare backed by new medical-technology devices can assist in treatment therapy, along with improved diet, exercise etc. at very affordable cost. US dominate the home healthcare market, due to positive response to home-based devices and various initiatives taken by government and is expected to grow at CAGR of approximately 7% during 2015-2020.
The report, "US Home Healthcare Market Outlook 2020", covers comprehensive research and thorough analysis of the Home Healthcare market across the US. The report provides a critical analysis and an unbiased view of the US Home Healthcare industry, including the current and future market size for various industry segments. The report has been studied by segments, where by segment wise home healthcare market section covers in-depth analysis of home healthcare by services provided and home healthcare by equipment used.
Further, the report analyzes the regulatory framework related to the industry. And it covers a detailed analysis of the potential growth areas which has helped in clearly identifying and highlighting the segments that offer the maximum opportunity for growth in the country. Also, our study delves into the competitive landscape covering business overview, key financials, and strength & weakness analysis of major home healthcare providers in the US. Overall, the report will facilitate clients in analyzing the driving forces and understand the existing opportunities in the industry.
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RNCOS is a leading industry research and consultancy firm incorporated in 2002. As a pioneer in syndicate market research, our vision is to be a global leader in the industry research space by providing research reports and actionable insights to companies across a range of industries such as Healthcare, IT and Telecom and Retail etc. We offer comprehensive industry research studies, bespoke research and consultancy services to Fortune 1000, Trade associations, and Government agencies worldwide.