The global home healthcare market is growing significantly due to technological advancement and new healthcare services in the industry. Massive unexplored market in home healthcare industry of developing economies and cost effective alternatives to other modalities and facility based care are creating ample opportunities for the home healthcare market to grow at a considerable rate in the coming years. The advanced research and development facilities and new product developments by the companies are supporting to address the demand for cost effective healthcare in the home healthcare industry.

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On the basis of type of devices of home healthcare, the market can be categorized as diagnostic and monitoring devices, therapeutic home healthcare devices, home mobility assist devices and medical supplies. Diagnostic and monitoring devices are further categorized as blood pressure monitors, blood glucose monitors, heart rate monitors, coagulation monitors, sleep apnea monitors, temperature monitors, pulse oximeter, pedometers, pregnancy test kits and others. Therapeutic home healthcare devices include insulin delivery devices, nebulizers, intravenous equipment, dialysis equipment and ventilator and CPAP devices. Whereas, the home mobility assist devices include wheelchairs, cranes, crutches, and others.

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Geographically, North America will be leading the global home healthcare market in the coming years, due to rise in aging population, favourable reimbursement policies, and increasing sedentary lifestyle. Moreover, Asia-Pacific is the fastest growing region in the global home healthcare market. The major reasons for the fastest growth in the region are increasing healthcare expenditure and high standards of living of the consumers in the region. Moreover, the home healthcare market is growing due to increasing awareness of healthcare in the emerging countries, such as India and China of Asia-Pacific region.

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