San Jose, CA (PRWEB) January 19, 2012
Follow us on LinkedIn - Home health care is an emerging industry in the global healthcare sector. With an aging population and increasing institutional healthcare expenditure, the demand for affordable homecare services is on the rise. Home healthcare services market is largely driven by patients in the age group of 65 and above, who contribute to over 70-75% of the revenue generated. In the recent years, the inclination of patients towards home healthcare over hospital settings is on the rise as the former gains over the latter in terms of convenience as well as being economical. Shortage of skilled workforce, stringent laws in select countries, increasing competition, and rising gas prices are amongst the growth restraints for the homecare sector.
Technology plays a developmental role in the home health care industry, emerging as an alternative to issues such as short supply of skilled workforce. Rapid changes in technology are influencing information and data management in the home healthcare market. The market is witnessing a sharp increase in demand for technology-based healthcare products. The trend is likely to continue in future, with continuous increase in demand for remote health services, home networking services, and high-tech medical services. Information Technology (IT) is playing a major role in improving home health care services, especially in the developed nations. The implementation of wireless technology across the homecare sector is increasing significantly. In developed markets, the growing emphasis on self-monitoring to cut down on increasing healthcare costs is expected to fuel the growth of Home Healthcare Equipment sector.
Home health care continues to be popular in the US and the trend is likely to continue, given the increase in life expectancy and aging population. The US represents the single largest market for Home Health Care market. Aging population and healthcare reforms continue to be the key growth drivers in the US market, although the impact of Medicare's reimbursement cuts for home health care in order to bring down Medicare cost remains to be seen. Aging population is an important factor, primarily driving the demand for home based health services. Nearly 80% of the senior citizens in the US live independently - a fact that calls for increased number of home care facilities. Affordability and easy availability of technological aids, such as smartphones and computers, further implies the viability of older population living alone, implying an increase in demand for home care services in the coming years.
The research report titled "Home Health Care Services: A Global Outlook" announced by Global Industry Analysts, Inc., provides a collection of statistical anecdotes, market briefs, and concise summaries of research findings. The report offers a rudimentary overview of the industry, highlights latest trends and demand drivers, in addition to providing statistical insights. Regional markets briefly abstracted and covered include United States and Rest of World, including Canada, Japan, Europe, India, and Brazil. The report offers a compilation of recent mergers, acquisitions, and strategic corporate developments. Also included is an indexed, easy-to-refer, fact-finder directory listing the addresses, and contact details of the companies worldwide.
For more details about this comprehensive industry report, please visit -
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
Global Industry Analysts, Inc.
Web Site: www.StrategyR.com/