Global Home Healthcare Market 2016-2020 - Integration of Mobile Devices with Home Healthcare Systems - Research and Markets

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Research and Markets

23 May, 2016, 15:10 GMT

DUBLIN, May 23, 2016 /PRNewswire/ --

Research and Markets has announced the addition of the "Global Home Healthcare Market 2016-2020" report to their offering.

The report forecasts the Global Home Healthcare Market to grow at a CAGR of 8.85% during the period 2016-2020.

Home healthcare refers to a wide range of medical products (include heart rate monitors, blood glucose level indicators, and nebulizers), services, and solutions that provide health monitoring, treatment, and physical support to patients or customers at home. The home healthcare market offers complete solutions that include the product as well as software and support from consultants and physicians.

A noteworthy trend is the integration of mobile devices with home healthcare systems. Technological advancements and wireless communication have allowed personal devices such as mobile phones and tablets to be linked or synchronized with home healthcare solutions. This offers more freedom and flexibility, as well as the ability to monitor vitals wirelessly on mobile devices. With rapid growth in the field of wearable technologies, devices or sensors require only a mobile device to transfer data and monitor the patient's vitals.

According to the report, a key growth driver is the growing demand for affordable healthcare solutions. Since the early 2000s, the cost of healthcare has been steadily on the rise. In countries like the US, the healthcare cost rose faster than inflation during the last decade. In the US, the consumer price index inflation rate stood at an average of 2.04% during 2005-2015, whereas the healthcare inflation rate moved up to 3.62% during the same time period. This can be attributed to the increase in the prices of drugs, medical devices, and hospital services. These factors have led to the US population looking for more affordable healthcare solutions.

Further, the report states that one challenge that could hamper market growth is the complexity in pricing for home healthcare solutions.

Key vendors:

  • Johnson & Johnson
  • Omron Healthcare
  • Philips
  • McKesson
  • Roche Holdings

Key Topics Covered:

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Market research methodology

PART 04: Introduction

PART 05: Market landscape

PART 06: Market segmentation by type

PART 07: Market segmentation by application

PART 08: Geographical segmentation

PART 09: Buying criteria

PART 10: Market drivers

PART 11: Impact of drivers

PART 12: Market challenges

PART 13: Impact of drivers and challenges

PART 14: Market trends

PART 15: Vendor landscape

PART 16: Key vendor analysis

For more information visit http://www.researchandmarkets.com/research/wtqr2f/global_home

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