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‘Forecasts To 2020’ Report Finds Asian Home Health Care Market Expected To Reach $39.07 Billion

By March 9, 2016 at 2:50 am
health and beauty care Cambodia (Photo : Getty Images/Hannah Reyes)

Research and Markets' "Asian Home Health Care Market by Product, Services, & Telehealth - Forecasts to 2020" report found the Asian home health care market is expected to reach USD 62.32 Billion by 2020 from USD 39.07 Billion in 2015, at a CAGR of 9.8% from 2015 to 2020.

Japan is estimated to dominate the market in 2015, China is expected to grow at the highest CAGR during the forecast period. Increasing adoption of new technologies, rapidly growing geriatric population, increasing incidences of chronic diseases, growing disposable incomes, rising demand for affordable healthcare alternatives, and expansion of major players in this region will drive the growth of the Asian home health care market in China.

In 2015, the telehealth monitoring devices segment is estimated to account for the largest share of the Asian telehealth market as these devices offer easy connectivity and are easy to use.

The market is segmented based on products, services, telehealth, and countries. Based on products, the market is further segmented into testing, screening, and monitoring products; therapeutic products; and mobility care products.

Therapeutic products include oxygen delivery syOn the basis of services, the Asian home health care market is further segmented into rehabilitation therapy services, infusion therapy services, unskilled care services, respiratory care services, pregnancy care services, skilled nursing care services, and hospice and palliative care services.

The infusion therapy services segment is expected to grow at the highest CAGR during the forecast period.

stems, nebulizers, ventilators, sleep apnea therapeutic devices, wound care products, IV equipment, dialysis equipment, insulin delivery devices, inhalers, and other devices (ostomy devices, automated external defibrillators, and external stimulation devices).

The telehealth market is further segmented into telehealth monitoring devices, telehealth services, and telehealth software solutions.

 Mobility care products include canes, crutches, mobility scooters, walkers & rollators, and wheelchairs.

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