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Latin America Home Healthcare Market is expected to grow at a CAGR of 8.7% from 2014 to 2020

by ankushraoaniket · June 26, 2019


The Latin America home health care market is led by various small and large players. Prominent players operating in the Latin America home health care market include: Phillips Healthcare, Abbott Laboratories, Omron Healthcare Mitch Richmond Warriors Jersey , Inc., Medtronic, Inc., GE Healthcare, Praxair Technologies, Inc. Chris Mullin Warriors Jersey , F. Hoffmann-La Roche Ltd, Teleflex Corporation, ResMed, Inc., Cardinal Health, Invacare Corporation Latrell Sprewell Warriors Jersey , Gentiva Health Services, Inc., Johnson & Johnson, and Bayer Healthcare, states Transparency Market Research (TMR)


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According to the report Latin America Home Health Care Market is estimated to reach US$17.5 bn in 2020. On the basis of device type, the market for ventilators as well as CPP devices is expected to witness the fastest growth. On the basis of services Wilt Chamberlain Warriors Jersey , the Latin America home health care market is segmented into telehealth and telemedicine services, intuition therapy services, respiratory therapy services, rehabilitation services, and unskilled home health care services. Of these the telehealth and telemedicine services segment is growing had the fastest pace.


Brazil to be Key Market for Home Healthcare


From a regional perspective, the Latin America home healthcare market is segmented into Mexico Tim Hardaway Warriors Jersey , Argentina, Brazil, Colombia, and others. Of these the growing awareness and increasing expenditure towards healthcare will result in Brazil emerging as the leading market in Latin America for home health care. The increasing incidences of chronic diseases in Brazil will also be reason for the growth of this market in the country. Mexico is anticipated to expand at the fastest space within the Latin America home health care market increasing incidences of diabetes and CVDs. In addition to this, the rising investments done by the government of Mexico towards healthcare will also push the growth of the home healthcare market in Mexico. Introduction of new technologies as well as new product launches are expected to drive the home healthcare market in Colombia and Argentina.


Increasing Pool of Geriatric Population and Need to Reduce Cost to Drive Demand for Home Health Care


According to the lead author of this report, the home healthcare market in Latin America has been shifting to a more precision based model of personal care. Home Health Care is the use of medical devices and various community based services in order to support those patients who are suffering from chronic diseases. In Latin America Andre Iguodala Warriors Jersey , home-based medical devices and services are playing an important role in managing the patients suffering from various conditions such as chronic obstructive pulmonary disease, diabetes, and blood pressure. In Latin America as with other regions in the world the growing pool of patients suffering from blood pressure, cardiovascular diseases, diabetes, respiratory diseases have been increasing with each passing year. This in turn D'Angelo Russell Warriors Jersey , is expected to bode well for the home-based medical devices and services, as all of the aforementioned diseases require continuous monitoring which can incur high costs. As Latin America is a cost sensitive region, patients are opting for routinely monitoring and measuring parameters in a cost effective manner through home healthcare.


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