Therapeutic Homecare Devices Market to Witness Promising Growth Opportunities in North America and Europe

San Francisco, California, November 27, 2018: TMR Research has announced the addition of a new report to its repository, which provides a detailed study of the global therapeutic homecare devices market and aims at providing existing and new market players rich market data for them to make more informed decisions associated with the market. The report is titled “Therapeutic Homecare Devices Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017–2025.”

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One of the leading factors to work in favor of the global therapeutic homecare devices market is the fact that the cost of healthcare has been steadily rising across the globe, especially in developed economies across regions such as Europe and North America. As a result, the demand for affordable healthcare solutions is among the key drivers for this market. With the increase in the prices of drugs, hospital services, and medical devices, the report finds that therapeutic homecare devices offer help to the patients in the comfort of their homes and at a reduced cost, which will fuel the demand in coming years.

The rising geriatric population of the globe, vast rise in orthopedic surgeries, and the notable rise in prevalence of chronic diseases are also driving the global therapeutic healthcare devices market to a large extent. The steady introduction of new product varieties, advancements in technologies, vast rise in focus on innovations by market players, and increased awareness regarding the available home healthcare options among patients and doctors could also drive the market in the next few years.

Geographically, the market in North America accounts for the dominant share in the global market and is followed by Europe. Factors such as the rising number of domestic home healthcare providers in these regions, encouraging medical reimbursement policies, and the rising incidence rate of conditions such as cardiovascular and orthopedic diseases will continue to drive these regional markets in the near future as well.

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Leading companies in the global therapeutic homecare devices market include National Pain Care, Pride Mobility Products Corporation, Levo AG, Ottobock Healthcare GmbH, GF Health Products, Inc., Invacare Corporation, and Sunrise Medical, Inc.

New Innovations to Cause Growth in Global Therapeutic Devices Market

San Francisco, California, July 28, 2017: TMR Research’s new study, titled “Therapeutic Homecare Devices Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025” gives refined forecast about the global therapeutic homecare devices market. It also provides in-depth analysis of the market’s progress over the years and tactics chosen by the leading players for the growth of the market.

Therapeutic homecare gadgets have been particularly instrumental in lessening post-operative agony and making patients more independent, in this manner quickening their recuperation. Therapeutic homecare gadgets are devices that a patient can use post-operation to speed up their recovery. Remedial homecare gadgets are intended to help individuals recuperate from any illness in a simple and viable way. By and large, these gadgets are recommended to patients after any major orthopedic operation such as replacement of hip or knee, heart operations or in operations after which the patient confronts trouble in performing day to day activities.

Factors such as the rising geriatric population and expanding commonness of perpetual sicknesses alongside orthopedic disarranges are fuelling the demand for therapeutic homecare devices. The global therapeutic homecare devices market will offer lucrative business opportunities during the forecast period. The rising interest for home insurance, increasing innovations, and presence of a wide range of options when compared with clinic modalities are boosting the market. As indicated by the American Academy of Orthopedic Surgeons, the majority of patients who undergo knee replacement surgeries belong from the age group of 50 years to 80 years. Moreover, the number of patients with knee replacements among individuals of 65 years old or more has been increasing each year. Around 90 out of 10,000 people in the U.S. underwent a knee replacement surgery in 2009 as against 58 out of 10,000 people in the year 1997. The increasing number of orthopedic surgeries has additionally quickened the reception of therapeutic homecare gadgets among patients who have experienced orthopedic surgeries, thus driving the market.

Regionally, the Asia Pacific market is evaluated to rise as a standout pace amongst the most resourceful markets for therapeutic homecare devices. Recent innovations, continuous product launch, and the growing awareness about home healthcare among patients and specialists are a portion of the elements that are projected to boost the development of the market in the locale. Regionally, North America leads the global therapeutic homecare devices market trailed by Europe. Favorable reimbursement policies, the rising number of small scale home medicinal services suppliers, increasing incidence of orthopedic and cardiovascular ailments, and regulations by government bodies are boosting the global therapeutic homecare devices market.

The leading market players operating in the global therapeutic homecare devices market are Invacare Corporation, Pride Mobility Products Corporation, Ottobock Healthcare GmbH, Sunrise Medical Inc., National Pain Care, GF Health Products Inc., Merits Health Product Co. Ltd, and Levo AG.