Global Home Healthcare Market to Account for $303.60 B by the year 2020 With North America at Forefront

Transparency Market Research has issued a new report on the global home healthcare market. As per the report, the global home healthcare market is assumed to progress from US$176.1 bn in the year 2013 to US$303.6 bn by the year 2020. The report, titled 'Global Home Healthcare Market - Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020', states that the global home healthcare market is hoped to expand at an 8.10% CAGR during the period between 2014 and 2020.
The rising prevalence of chronic diseases is hoped to result in an increase in the uptake of household medical services and medical devices. Technological advancements are assumed to increase the adoption of household medical devices in the years to come. The changing demographic profile supports acceptance of household medical devices and services. However the high cost of household medical devices is hoped to limit the growth of the global home healthcare market, availability of several options is predicted to propel the global home healthcare market in the years to come. Acquisitions and mergers by the leading players are also anticipated to make growth opportunities for the global home healthcare market in the years to come.