Global Information would like to present a new market research report, "The Future of the Home Healthcare Equipment Market to 2016 - Market Forecasts, Competitive Landscape and Pipeline Analysis" by GBI Research.
According to researchers at GBI, the ageing population will drive a robust "boom" in the global home healthcare equipment market for the next seven years. Valued at approximately $40,534.6 million in 2009, the global home healthcare equipment market is projected to grow at a compound annual rate (CAGR) of 7.4% between 2009 and 2016. A growing interest in self-monitoring to prevent spiraling healthcare expenditures as a result of reimbursement reforms and the growing aging population in developed nations are the two central factors that will drive the global home healthcare market. Meanwhile, the rising occurrence of chronic diseases such as asthma, Chronic Obstructive Pulmonary Disease (COPD), and diabetes is expected to generate the demand for home healthcare equipment in developing countries. The success of products in the home healthcare market, which is a consumer driven market, will largely depend on the ease of use and the related learning curve. Medical device manufacturers have developed a number of technologies that have enhanced testing reliability in home monitoring devices, which has led to rapid adoption by healthcare providers and patients alike.