October | 2015 | Lifesciences and Healthcare

Home Healthcare Products and Services Market is Growing at a Steady Pace across the Globe According to Research.

Posted on October 29, 2015October 29, 2015 by suchitrabhagat

Home Healthcare Devices, Equipment and Service is applied to wide range of usage of devices which are intended for use at home by family members, patients themselves and nonprofessional care givers. Rise in aging population and increasing prevalence of cardiovascular diseases, respiratory diseases, diabetes are spurring the market for home healthcare products. These devices help patients to stay at their homes rather than in costly assisted living facilities or nursing homes which will alleviate the financial and economic burden on individuals.

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MARKET TRENDS:

According to IndustryARC, Home Healthcare Products Services and Equipment Market is projected to grow at 6% to 8% year on year for the next five years and is estimated to reach $345 Billion by 2020.

Market Growth:

The demand for home healthcare services is growing at a steady pace across the globe. Increasing costs of in-hospital care and the comfort of convalescing at home are making home healthcare affordable and desirable in both developed and developing nations alike. Better and cheaper medical devices have moved the diagnosis of various ailments from hospitals to the living room.

Increasingly, people suffering from chronic ailments such as cardiovascular diseases, cancer, respiratory diseases and diabetes prefer home healthcare services. The services for geriatric ailments, physical, occupational and speech therapies, and personal care are rapidly becoming a necessity more than luxury. Currently, over 70% of those using home healthcare services belong to the age group of 65-75 years or older. The World Bank estimates that close to 21% of the world population will be over 60 years old by 2015 end, making Home Healthcare a key sector to be followed.

Table of Contents and Insights:
http://industryarc.com/Report/102/home-healthcare-products-services-equipment-market.html

Region:

The U.S. is noted to be a very stable geography for Home Healthcare Market. For providers who want to invest into this market, Asia is an opportunity which is alone set to develop from current $3 Billion to $11 Billion by 2016 end. Developing countries for instance India are the high-growth regions ripe for capture. Many players have already started cashing in on this opportunity.

REPORT SCOPE:

The report on Home Healthcare Products Services and Equipment Market contains different market aspects explored with particular focus on key market drivers, challenges, constraints and market landscape. The Market has been thoroughly analyzed and carefully segmented by geographic locations based on major economic and topographical regions. The report details current market potential and future market growth in this industry. The report overall contains the most detailed, in depth segmentation and analysis of this market during the forecast period 2015-2020.

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Market Segmentation:

Home Healthcare Products Services and Equipment Market it precisely segmented into 4 factors based on the following factors:

Services: Rehabilitation Services, Skilled Care, Unskilled Care, Technological and Others.
By Type of Ailment/Disease/Problem: Diabetes, Asthma, Smoking, Depression and Others.
Products/Equipment: Dialysis Products, Diabetes Care Products, Drug Delivery Devices and Others.
Geography: North America, Latin America, Europe, Asia and ROW.

Key Players:

Competitive landscape for each of the product types of the Global Home Healthcare Products Services and Equipment Market is highlighted and market players are profiled with attributes of company overview, financial overview, business strategies, product portfolio and recent developments. Market shares of the key players for 2014 are provided. The US-based BAYADA Home Healthcare has recently acquired a 26% stake in India-based Indian Home Healthcare (IHHC). Some companies studied and mentioned in the report:

BAXTER INTERNATIONAL, INC.
BRAUN MELSUNGEN AG.
BAYER AG
R BARD
COVIDIEN LTD.

About IndustryARC:

IndustryARC is a research and consulting firm that publishes more than 500 reports annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare.

IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications of the Market. Our Custom Research Services are designed to provide insights on the constant flux in the global demand-supply gap of markets. Our strong analyst team enables us to meet the client research needs at a very quick speed with a variety of options for your business.

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Home Healthcare Products and Services Market set to grow at 6-8% growth for next 5 years.

Posted on October 15, 2015October 15, 2015 by suchitrabhagat

Home healthcare devices and services are applied to wide range of usage which is intended to use at home by family members, patients themselves and non-professional care givers. Rise in aging population and increasing prevalence of cardiovascular diseases, respiratory diseases, diabetes are spurring the market for home healthcare products and services. These products and services help patients to stay at their homes rather than in costly assisted living facilities or nursing homes which will alleviate the financial and economic burden on individuals. Home healthcare products and services include respiratory equipment, hemodynamic monitoring, wellness care products, rehabilitation products and services, social working services (medical), telehealth services and many more. These kinds of services are not only helpful for providing care related to acute and chronic diseases but also for the prevention of disease and lifestyle changes. Even complex devices such as dialysis equipment, infusion pumps and ventilators are being used outside the hospital but manufacturers are facing few challenges for providing these services and are attempting to address the issues.

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New home care technologies such as internet enabled home monitors, apps for mhealth and telemedicine are available across the globe and bringing advanced care to patients’ homes. Governments, Insurance providers, device manufacturers are showing interest in developing home healthcare devices which are safe, comfort and user friendly for caretakers and patients.

Market Trends:

Home Healthcare Equipment/Products and Services Market is slated to grow at 6% to 8% year on year for the next five years. The market is estimated to reach $345 Billion by 2020.

The majority of the revenues come from the Services Segment, roughly around 70% while the remaining part is from the Equipment and Devices part of the market.

Geographically, the Asian Healthcare Equipment Market alone is set to grow from $3 Billion currently to $11 Billion by next year, 2016. The market has huge potential in the US considering the fact that home health is only 3% of the national healthcare spending currently. Asia displays a high CAGR owing to the rapidly increasing aging population in countries such as India, China, and Japan. Americas contributed for a major share of over 50% globally, also maintains a stable growth mainly due to the reimbursements offered for specific equipment and the health policies.

Advancements in the remote monitoring and wireless communications, increasing healthcare costs will create boom in healthcare monitoring, diagnosis and treatment. Though these devices are more popular in America, the APAC region is also increasing its pace to catch up because of various factors such as aging demographics, rising population of chronic diseases, increase in healthcare infrastructure.

Table of Contents and Insights:

http://industryarc.com/Report/102/home-healthcare-products-services-equipment-market.html

REPORT SCOPE: Market Segmentation:

Home Healthcare Products Market is broadly segmented into 4 types based on these factors:

Services: Rehabilitation Services, Skilled Care, Unskilled Care, Technological and Others.
By Type of Ailment/Disease/Problem: Diabetes, Asthma, Smoking, Depression and Others.
Products/Equipment: Dialysis Products, Diabetes Care Products, Drug Delivery Devices and Others.
Geography: North America, Latin America, Europe, Asia and ROW.

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Key Players:

Competitive landscape for each of the product types of the Global Home Healthcare Market is highlighted and market players are profiled with attributes of company overview, financial overview, business strategies, product portfolio and recent developments. Market shares of the key players for 2014 are provided. Some companies studied and mentioned in the report:

A&D COMPANY, LTD.
APRIA HEALTHCARE GROUP, INC.
ABBOTT LABORATORIES
ALERE, INC.
ALMOST FAMILY, INC.

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Health Information Systems Market to Rise in Revenue and Sales with Booming Aging Population

Posted on October 9, 2015 by suchitrabhagat

As the name suggests, Healthcare Information Systems Market deals with saving, analyzing and utilizing of certain data regarding patients with an aim to offer the best possible diagnosis for the early and perfect recovery of the victim.

Having undergone many numbers of changes over decades, currently the Healthcare Information Systems are used in generating bills for insurance purposes as well. Now, they can be accessed through a number of platforms such as Cloud Computing and Web-based Delivery Model.

Similar to almost any electronic gadget, the Healthcare Information System is a combination of both hardware as well as software which integrates, communicates and works in a seamless manner.

Table of Contents and Insights:

http://industryarc.com/Report/4339/Healthcare-Information-Systems-Market-Research-Report.html

Market Trends:

The Healthcare Information Systems Market is expected to grow at a CAGR of 7.5% during the forecast period 2015-2020 owing to Developing Healthcare Reforms, Increasing Private Investment into Healthcare and booming aging population.

Region wise, North America is expected to rule the Healthcare Information Systems Market, success owed to improved healthcare facilities and fast growing aging population. The fastest growth is estimated to be seen in the Asia Pacific zone, including India, Japan and China offering a great deal of market opportunities and future scope for the market. The European region is witnessing a steady growth and is not forecasted to drop anytime soon. It has different countries which have implemented Healthcare Reforms such as Germany, Sweden and UK.

The Healthcare Information Systems Market is strongly being driven due to rise in incidences of chronic diseases such as heart attack and cancer worldwide and the importance for these diseases to be treated effectively, on time.

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REPORT SCOPE: Market Segmentation:

The Healthcare Information System Market is broadly classified into 5 types based on the following factors:

By Type: Electronic Medical Record, Electronic Health Record, E-Prescribing and Others.
By Application: Billing, Claims & Reimbursement, Materials Management and Others.
By Delivery Mode: Web Based, Cloud Based and On-Premise.
By End-Use: Clinics, Hospitals and Pharmacy.
By Geography: Americas, Europe, APAC and ROW.

Key Players:

The key competitive companies are discussed in depth and studied based on Company Overview, Product Portfolio, Financials and Developments. Key Insights including quantitative and qualitative analysis of the complete Sound Sensors Market is made available in this report.

Mckesson Corporation
GE Healthcare
Philips Healthcare, Inc.
Cerner Corporation
Agfa Gevaert NV

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Related Reports:

Home Healthcare Market (2013 – 2018) – By Products (Dialysis, Diabetes, Drug Delivery, Essential, Mobility, Respiratory & Others); Services (Rehabilitation, Skilled, Unskilled, Virtual, Hospice, Companion, Social & Others)

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Month: October 2015