Global Home Healthcare Device Market to Grow at 9% CAGR, Says Research Nester in Its Report Available at MarketPublishers.com26 Oct 2016 • by Natalie Aster
LONDON – The market for home healthcare devices can boast a position of one of the growing markets globally. A number of factors encourage the growth, and ongoing population ageing and the rising incidence of chronic diseases from pole to pole are the key ones.
These are not the only factors that will ignite the growth in the offing: innovations in this field and a decrease taking place in average prices are amongst other driving forces. The penetration of healthcare insurance along with government support will also favor the growth.
The world’s marketplace is set to grow at relatively high yet a one digit CAGR of slightly over 9% through 2021. Its value is forecast to overcome the USD 330 billion mark by 2021. Currently, North America is the fastest runner in this race and this region is likely to continue reining over other regions in the coming years.
APAC is also expected to come second given advancements occurring in the healthcare technology space in some countries (e.g. India). In India, for instance, the local medical technology sector was funded USD 5.5 billon not so long ago, and up to 8% of this sum was spent on healthcare industries.
The demand growth, however, will be restrained by a range of factors like a lack of proper infrastructure in some countries, tough government budget for healthcare services, and more.
In-demand research report “Global Home Healthcare Device/Equipment Market Demand & Opportunity Outlook 2021” worked out by Research Nester Pvt. Ltd. is a valuable source of information on the global home healthcare device marketplace. The study comprises an all-round overview of this evolving space. It covers demand and supply risks in detail.
The report investigates major countries having the highest demand for such devices. The research study throws light on growth drivers. Trends, challenges, restraints and opportunities of the market are explored in the research report, too. The study also gives development projections for the marketplace.
More studies by Research Nester Pvt. Ltd. can be found at its page.