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.