Global Markets Direct: The Future of the Global Home Healthcare Equipment Market to 2015 on reports-research.com
A new report by Global Markets Direct, the business intelligence specialists, finds that deepening economic crisis in most economies, cost effectiveness and technological advances is expected to lead to a high single digit growth rate in the global home healthcare equipment market. Global Markets Direct’s report, The Future of the Global Home Healthcare Equipment Market to 2015, highlights these developments as the key market drivers for the global home healthcare equipment market.
Global Home Healthcare Equipment Market to Grow In High Single Digits for the Next Seven Years
The global home healthcare market valued at $47.5 billion in 2008 is forecast to reach $86 billion in 2012 with an annual growth rate of 8.9%. Cost effectiveness of home as a healthcare setting, healthcare providers cost containment efforts, technological advances in telehealth, diabetes care devices, drug delivery devices, and respiratory devices and positive reimbursement policies from private and public healthcare insurance companies is fuelling the growth in the home healthcare market. The current economic crisis will continue to drive the growth in the global home healthcare equipment market.
Recipient’s dignity and independence, quality of life, supplemental care of family and friends play an important role in choosing home as the point of delivery for healthcare needs. Patients also play active and important role in their well being in the home healthcare settings.
Rising Healthcare Expenditures to Boost Home Healthcare Equipment Market
In developed countries like the US; hospital care, physician and clinical services, professional services, administrative expenses and drugs account for more than 3/4th of the total healthcare expenditure. Only 3% of the total expenditure is spent on home healthcare. In most developed countries and in some emerging economies like Taiwan, Korea and Russia, health insurance allows people to seek medical attention more often leading to increased doctor visits and hospital stays. This is in turn is raising the healthcare costs due to increased hospital stays, physician and nursing fees and other associated costs. As a counter initiative, insurers and government agencies have started increasing the amount of deductibles, reduced the coverage on doctor visits and in some cases the coverage for certain conditions are dropped altogether. This is leading to more patients seeking home as their healthcare centre. The global economic downturn just compounds to the existing healthcare problems and will drive more and more people towards home as their healthcare centre.
Glucose Monitoring Systems, Positive Airway Pressure Devices, Self Testing IVD Devices, Infusion Systems and Insulin Delivery Systems to Drive the Growth in the Global Home Healthcare Equipment Market
Glucose monitoring systems, positive airway pressure devices, self testing IVD devices, infusion systems and insulin delivery systems grew at home healthcare equipment market growth rate of 6.5% and above historically and are forecast to grow above 8.9% for the next seven years. The growth is primarily driven by the ever increasing diabetes population, improved product lines, advent of minimally invasive and non-invasive devices, smaller and lighter weight of the devices.
Global Markets Direct: The Future of the Home Healthcare Equipment Market to 2015:
http://www.reports-research.com/studien/future-home-healthcare-equipment-market-2015-p-58952.html
Global Markets Direct: More market data and market reports:
http://www.reports-research.com/studien/global-markets-direct-m-247.html
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18.06.2009 - 0:00 Source: pressbot.net | Read: 130 X