Global Home Healthcare Equipment market will reach 24000 million US$ by the end of 2025

Publisher: QYResearch
Published Date: 2019/8/23

Due to increasing elderly population and the changing lifestyle of the people across the globe, the home healthcare equipment market is growing in the years to come. Rising incidences of chronic diseases such as diabetes, cancer, kidney failure, stroke, and respiratory problems are impelling patients to use healthcare equipment at home. This particular factor is driving the growth of home healthcare equipment market. The market is also showing lucrative opportunities due to the increasing acceptance of technological advancements and an alternative cost-effective medical facilities, compare to other medical equipment.  Some of the other factors such as rising disposable income and growing urban population are likely to fuel the growth of the home healthcare equipment market over the predicted period.

However, limited insurance coverage, the risk associated with using the healthcare equipment at home, chronic illness, and changing reimbursement policies are hampering the growth of the home healthcare equipment market.

The global Home Healthcare Equipment market is valued at 16100 million US$ in 2018 is expected to reach 24000 million US$ by the end of 2025, growing at a CAGR of 5.1% during 2019-2025.

Click to view the full report:
https://www.qyresearch.com/index/detail/964868/global-home-healthcare-equipment-market
This article was first released by QYResearch, if reproduced, please indicate the source.
Telephone number:020-86655165
Contact:press@qyresearch.com
When contacting, please refer to QYR company's Mia introduction.