Global Home Healthcare Devices Market Is Anticipated To Generate The Revenue Of USD 500 Billion By 2027

Press Release

Product overview

The global home healthcare devices market includes wide range of medical devices that help patients to diagnose various chronic diseases. The home healthcare devices market is expected to exhibit significant growth on the account of increasing aging population, rising number of population diagnosed with chronic diseases, technology development and key government policies. Increase in the geriatric population, health awareness among the population and increase in diagnosis. Additionally, growing geriatric population is also expected to increase the growth of home healthcare device market.

Request For Sample Copy of This Report:

Market size and forecast

The global home healthcare devices market is anticipated to generate the revenue of USD 500 Billion by 2027. Global home healthcare devices are expected to grow with healthy CAGR of 8.1% during the forecast period. In 2017, countries in North America such as U.S. and Canada are expected to contribute highest market share followed by Europe and Asia Pacific.

Based on device segmentation, the diagnostic and monitoring devices are expected to contribute largest market share in home healthcare devices market. This is attributed to the fact of the growing prevalence of lifestyle diseases coupled with increasing need for continuous monitoring .Moreover, therapeutics devices is the highest growing segment which includes of insulin, nebulizers and ventilators devices .

By region, global home healthcare devices market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East and Africa. North America is anticipated to contribute highest revenue in the global home healthcare devices market. The North America region is dominating on the back of high technological medical infrastructure and also high disposable income in the region. Moreover, key players operating in the North America region are offering diversified home healthcare devices in order to cater the huge customer base. Asia Pacific is expected to grow significantly over the forecast period on the account of advanced economy, growing population and rising incidences of chronic diseases. Additionally, high accessibility to trained labor is also expected to increase the market growth of the global home healthcare device market during the forecast period.

Looking for Discount on this report? CLICK HERE

Market Segmentation:

Our in-depth analysis segmented the global home healthcare device market in the following segments:

By Device

Diagnostics and Monitoring Home Healthcare Devices
Therapeutics Home Healthcare Devices
Home Mobility Assist Devices
Medical Supplies
By Distribution Channel

Offline Channel
Online Sales
By End User

Home Care
By Region

The Global Home Healthcare Devices Market is further classified on the basis of region as follows:

North America (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis

Growth Drivers and Challenges

The increasing awareness among population regarding the various home healthcare devices and the growing in the aging population is expected to have positive impact on the global home healthcare devices market. Additionally, continuous technology up gradation by various companies operating in the global home healthcare devices is expected to fuel the market growth in the coming years. Furthermore, companies offering the home healthcare devices are adopting strategy by expanding through collaboration and launching new type of home healthcare devices in order to cater the evolving and unmet demand among customers.

However, factors that are expected to inhibit the market growth of global home healthcare devices include high cost coupled with inadequate insurance coverage.

Key Players

Merck & Co.
3M Health Care
Bayer AG
Abbott Laboratories
Cardinal Health, Inc.
GE Healthcare
Invacare Corporation
F. Hoffmann-La Roche Ltd.
Phillips Healthcare
Medtronic, Inc.
Omron Healthcare, Inc.

Request for Full Report:

About Kenneth Research:

Kenneth Research provides market research reports to different individuals, industries, associations and organizations with an aim of helping them to take prominent decisions. Our research library comprises of more than 10,000 research reports provided by more than 15 market research publishers across different industries. Our collection of market research solutions covers both macro level as well as micro level categories with relevant and suitable market research titles. As a global market research reselling firm, Kenneth Research provides significant analysis on various markets with pure business intelligence and consulting services on different industries across the globe. In addition to that, our internal research team always keep a track on the international and domestic market for any economic changes impacting the products’ demand, growth and opportunities for new and existing players.

Source of Related Reports from Healthcare:

Wearable Healthcare Devices Sales Market
Vitamin D Testing Sales Market
Vertical CNC Machining Centers Sales Market
Vascular Prostheses Sales Market
Valganciclovir Sales Market
Uroflowmetry System Sales Market
Global Ultrashort Wave Diathermy Machines Sales Market
Transosteal Implants Sales Market
Transdermal Absorption Patch In-Depth Sales Market

This post was originally published on Market Reports