Latin American Home Medical Equipment Market to See Further Growth, Predicts Meticulous Market Research in Its Report Available at MarketPublishers.co08 Nov 2016 • by Natalie Aster
LONDON – The Latin American population is constantly growing, and this tendency results into a similar trend in terms of incidence of different diseases.
Latin America is forecast to hold a share of approximately 19% in the world’s population aged 65 or above in 2050. Populations of Chile, Brazil and Mexico may be older than the one in the USA in the offing.
The demand for elderly care is expected to skyrocket in the upcoming years in Latin America, and growth in the global geriatric population is one of factors fueling the growth.
A substantial increase in healthcare spending is another factor favoring adoption of home medical equipment in this region. A number of countries have seen a considerable rise of such spending as a percentage of their GDP over the recent years.
Changing epidemiology and demographics further worsen the situation. Consequently, there is a growing focus on alternative as well as more economical methods of treatments.
Some types of home healthcare equipment and medical devices were originally designed to be used in clinical setting and hospitals, and now they are resigned for the use in home environments. This shift creates new opportunities for producers of home equipment.
In-demand research report “Latin American Home Medical Equipment Market Outlook: 2016-2022” drawn up by Meticulous Market Research Pvt. Ltd. offers a comprehensive discussion of the Latin American market for home medical equipment. The study provides a thorough analysis of drivers and restraints of this space.
It sheds light on opportunities the marketplace has. The report examines the market on the basis of product types. The research study explores country marketplaces in detail. It throws light on the competitive environment and concentrates on M&A activities, product launches, expansions, etc. Company profiles and future projection are available in the research report, too.
More insightful reports by Meticulous Market Research can be found at its page.