World home medical equipment market to grow 7% annually to 2016 reveals Report Buyer

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Global market for home patient support to hit $5.7 billion in 2016

Report Buyer

Global demand for home medical equipment is forecast to rise 7% annually to $28 billion in 2016 according to the report 'World Home Medical Equipment: Forecasts for 2016 & 2021 in 37 countries'. The United States will remain the largest market globally based on its extensive network of home health care providers, high health care spending intensity, widespread insurance coverage for the treatment and management of chronic diseases, and shifting patient care strategies toward home settings.

The BRIC countries (Brazil, Russia, India, and China) will be among the fastest growing worldwide markets for home medical equipment as greater economic prosperity boosts the level of third-party and direct consumer payments applied to health care. In these countries, home health care activity will rise rapidly due to cost saving advantages and ongoing shortages in the availability and accessibility of professional medical providers. Read More.

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