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Rising Prevalence of Chronic Diseases Propels Latin America Home Healthcare Market to US$17.5 bn by Health Articles | February 29, 2016
Transparency Market Research Report Added "Latin America Home Healthcare Market - Industry Analysis, Size, Share, Growth, Trends and Forecast Cheap MLB Hoodies , 2014 - 2020"
The Latin America home healthcare market is exhibiting a CAGR of 8.7% from 2014 to 2020. The market was valued at US$9.8 bn in 2013 and is expected to be valued at US$17.5 bn in 2020. The statistical data has been compiled in a research report released by Transparency Market Research, titled “Latin America Home Healthcare Market (By Device Types: Diagnostics and Monitoring Devices, Therapeutic Home Healthcare Devices, Mobility Assist Devices and Medical Supplies; By Services: Rehabilitation, Telehealth and Telemedicine, Respiratory Therapy, Infusion Therapy and Unskilled Home Healthcare Services) - Industry Analysis Cheap MLB Jerseys , Size, Share, Growth, Trends and Forecast, 2014 – 2020”.
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According to the report, the Latin America home healthcare market is primarily driven by the increasing number of patients suffering from chronic diseases, especially among the elderly. The Latin America home healthcare market plays an important role in the case of patients suffering from diabetes Wholesale MLB Hats China , blood pressure issues, and chronic obstructive pulmonary disease.
The report states that the Latin America home healthcare market is currently shifting towards a precision-based model of personal care, which is important for patients suffering from cardiovascular and respiratory diseases. Most chronic diseases require regular patient monitoring and health interventions, creating the growing demand for home healthcare.
The report broadly classifies the Latin America home healthcare market into devices and services. Among the two segments, the Latin America home healthcare market was thriving on demand for its devices segment, which is growing at the fastest CAGR from 2014 to 2020. This segment’s rapid growth rate is attributed to a stronger acceptance of home healthcare devices as well as technological advancements that have led to portable devices and automated devices.
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