The Healthcare practice at MarketsandMarkets is pleased to announce its Analyst Briefing Presentation on the Global Home health care Market to be held on13th Oct 2009.
In 2009, the global home healthcare market is estimated to be approximately $159.6 billion. Home healthcare services constitute about 90% of the entire market at approximately $143.1 billion. The entire global home healthcare equipment market is estimated to be $16.5 billion in 2009 and is expected to grow at a CAGR of 13.2% from 2009 to 2014.
In the recent times, the most important trend in healthcare witnessed is the focus shift of patients from hospitals to home care, moving from treatment to proactive monitoring and care, which is opening new gates of opportunities for the home healthcare market. Patients prefer home healthcare over hospitals mainly for the convenience and cost effectiveness it offers. Significantly, third party home care is witnessing huge demand over self care mainly due to better treatment quality ensured by trained medical professionals at home. The home healthcare market generates approximately 70% of revenues from the people aged 65 years and above. The major reason underlying such a huge revenue generation from the older population is the declining ‘elderly support ratio’, which is the ratio of the number of people caring for the elderly, to the number of older people above 65 years. This highlights the growth potential of the third party care market in coming years.
This analyst briefing focuses on the global home health care market over the period 2009-2014.The agenda for the briefing includes discussion on key high growth market, marking the growth trend in the equipment and services market for home health care. Furthermore, a briefing will be conducted on the competitive scenario and geographic opportunities for the similar topic. It analyzes the major opportunities for the global home health care market; and also evaluates the major trends in the macro- and micro-markets with respect to different geographic regions.
The briefing on the Global Home health care Market (2009-2014) will benefit the home healthcare equipment manufacturers, medical research laboratories, physical fitness and nutrition companies, business research and consulting service providers.
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