Asian home healthcare 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. This market is segmented on the basis of products, services, telehealth, and countries. The Asian home telehealth market is expected to grow at the highest CAGR in the coming five years.
Major factors contributing to the growth of the Asian home healthcare market include the rapidly growing aging population, increasing incidences of chronic diseases, growing demand for affordable healthcare delivery systems due to increasing healthcare costs, technological advancements, and government initiatives to promote home healthcare.
Complete report on Asian home healthcare market spread across 192 pages, profiling 10 companies and supported with 104 tables and 52 figures is now available at http://www.reportsnreports.com/reports/501994-asian-home-health-care-market-by-product-bp-heart-rate-monitor-ovulation-kit-hiv-test-ecg-ekg-eeg-hearing-aids-ventilator-cane-walker-wheelchairs-services-rehabilitation-skilled-hospice-palliative-care-telehealth-forecasts-to-2020.html .
Various initiatives are being taken by governments in Asia to promote home healthcare. In this regard, in August 2014, the National Health and Family Planning Commission (NHFPC) circulated the first detailed policy in China on the measures of promoting remote medical services among medical institutions. This provided some of the basic rules for telemedicine in China. However, lack of awareness about home healthcare, limited insurance coverage, and patient safety concerns are factors that may hinder the growth of asian home healthcare market during the forecast period.
China and India are projected to be the fastest-growing regions in the Asian home healthcare market from 2015 to 2020. Growth in these market scan be attributed to the increasing adoption of innovative techniques, increasing disposable income levels, expansion of home healthcare companies in the Asian region, emergence of home healthcare service providers especially in India, and the increasing need for affordable healthcare delivery systems.
Key players in asian home healthcare market include Philips Healthcare (Netherlands), Linde Group (Germany), Abbott Laboratories (U.S.), Johnson & Johnson (U.S.), A&D Company Limited (Japan), Fresenius SE & Co. KGaA (Germany), Omron Corporation (Japan), Roche Holdings AG (Switzerland), Portea Medical Pvt. Ltd. (India), Teijin Limited (Japan), and GE Healthcare (U.K.). Get a discounted copy of this research at http://www.reportsnreports.com/contacts/discount.aspx?name=501994 .
Apart from the comprehensive geographical analysis, product analysis, and asian home healthcare market sizing; the report also provides a competitive landscape that covers the growth strategies adopted by industry players in the last three years. In addition, the company profiles comprise basic views on the key players and their product portfolios, and recent developments. The above-mentioned market research data, current asian home healthcare market sizes, and forecast of future trends will help key players and new entrants make informed decisions regarding product offerings, geographical focus, changes in strategic approach, R&D investments for innovations in products and technologies, and levels of output in order to remain successful.
In addition, rising awareness regarding the convenience and cost-effectiveness of home healthcare products &services and the increasing adoption of telecommunication in healthcare are factors contributing to the growth of this market.
On a related note, another research on mHealth Solutions Market Global Forecast to 2020 says ,he global mHealth solutions market is expected to grow at a CAGR of 33.4% during the forecast period (2015 to 2020). In 2014, North America commanded the largest share of the global mHealth solutions market, followed by Europe, Asia-Pacific, Latin America, and the Middle East and Africa. Companies like Medtronic, Inc. (U.S.), AirStrip Technologies, Inc. (U.S.), AliveCor, Inc. (U.S.), LifeWatch AG (Switzerland), Koninklijke Philips N.V. (Netherlands), Johnson & Johnson (U.S.), Omron Corporation (Japan), Withings (France), Bio Telemetry Inc. (U.S.), athenahealth, Inc. (U.S.), AgaMatrix, Inc. (U.S.), iHealth Lab, Inc. (U.S.), AT&T (U.S.), Cerner Corporation (U.S.), and Cisco, Inc. (U.S.) have been profiled in this research report available at http://www.reportsnreports.com/reports/439691-mhealth-solutions-market-by-connected-devices-blood-pressure-monitor-glucose-meter-pulse-oximeter-apps-weight-loss-womens-health-personal-health-record-medication-services-remote-monitoring-consultation-prevention-global-forecast-to-2020.html .
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