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Key Findings of the Global Home Healthcare Services Market | TechnavioThe latest market research report by Technavio on the global home healthcare services market predicts a CAGR of above 8% during the period 2018-2022. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180319006020/en/ 
Technavio has published a new market research report on the global home healthcare services market from 2018-2022. (Graphic: Business Wire) The report segments the global home healthcare services market by application, including diagnostic services and therapeutic services and by geography, including the Americas, EMEA, and APAC. It provides a detailed illustration of the major factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges. Here are some key findings of the global home healthcare services market, according to Technavio researchers:
This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing Save more with Technavio. Buy 2 reports and get the third for FREE: View all Technavio's current offers Rising geriatric population: a major market driver The rise in global population is also catering to the increase in number and ratio of the aging population. In 2015, more than 600 million of the global population was above 60 years of age. This number is expected to double. Countries such as China, India, Indonesia, the US, Canada, and Mexico can quadruple the number by the end of this decade. The older adult population is increasing at a rapid rate. The prime factors leading towards the rise in geriatric population is an increase in longevity and decline in fertility. Senior citizens form a major portion of the population in developed and developing countries. In countries such as the US, South Korea, China, Japan, Italy, Russia, Australia, Germany, Taiwan, Canada, Poland, and Ukraine, the geriatric population is increasing. Looking for more information on this market? Request a free sample report Technavio's sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more. Connected healthcare is gaining acceptance among healthcare services: emerging market trend Connected healthcare enables patients to stay well-connected with healthcare professionals through its integrated technology platforms. It offers technology to deliver patient care outside hospital facilities, focusing on home healthcare settings. According to a senior analyst at Technavio for research on health and wellness, "Programs such as telehealth, lifestyle management, home care, and disease management are included in connected health. It is dependent on technology and connected devices using existing cellular networks and wearable devices, which assists healthcare professionals in providing good healthcare services to patients." Global market opportunities In terms of regional dominance, the Americas led the global home healthcare services market, followed by EMEA and APAC in 2017. The growth of the market in the Americas can be attributed to factors such as increased demand for home healthcare, high healthcare expenditure supported by increased disposable income, well-developed healthcare facilities, and availability of an increased number of skilled healthcare professionals. Owing to limited demand for home healthcare services in APAC, it contributes the lowest market share. The changing market dynamics in home healthcare services and the growing market in this region due to rising demand will enable this region to grow at a fast pace.
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