If you have ever tried to sell a vacant house Chris Mullin USA Jersey , a very stressful ex hare, Growth, Trends and Forecast 2014 鈥?2020,鈥?states that the market stood at US$10.45 bn in 2013 and is expected to reach US$18.94 bn by 2020 owing to the rising incidences of lifestyle and chronic diseases and the technical advantages in home healthcare services.
The Canada home healthcare market comprises a wide range of home healthcare services and devices to support people with chronic diseases. The prevalence and risk of chronic diseases are continually rising in Canada. This has led to the increasing acceptance of home healthcare services as hospital stays can be both expensive and inconvenient. The changing demographics in Canada are further expected to propel the Canada home healthcare market in the years to come. As per recent statistics, in Canada Tracy McGrady USA Jersey , there were around 5 million people aged over 60 years in 2011 and the number is predicted to reach 10.4 million in the next 25 years. Chronic diseases are more likely to be detected in elderly people. As the pool of aging people is expected to increase in Canada, the number of people affected by chronic diseases is expected to increase, thus benefiting the Canada home healthcare market.
The Canada home healthcare market is segmented on the basis of region, service, and device type. By device type, the Canada home healthcare market is classified into diagnostics and monitoring devices Stephon Marbury USA Jersey , home mobility assist devices, home healthcare devices, and medical supplies. In 2013, the diagnostics and monitoring devices segment held a share of 30% in the Canada home healthcare market. The Canada government is constantly taking efforts to spread awareness among people about various chronic diseases and illnesses such as hypertension, sleep apnea, and diabetes. Over the past few years Stephen Curry USA Jersey , people have thus become aware of the benefits of home healthcare devices for the management of chronic diseases.
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Factors such as challenging regulatory restrictions and the lack of training to operate home healthcare devices are expected to restrict the growth of the Canada home healthcare market in the years to come. However, the constantly rising disposable income, the rising pool of patients with chronic diseases, the development of home healthcare technologies, and the untapped market are some of the factors expected to propel the Canada home healthcare market in the years to come.