Telehealth To Drive Global Home Healthcare Market To $355.3B By 2020
Posted on Friday, June 26, 2015 2:50 PMAccording to a report from Grand View Research, the global healthcare market is expected to reach $355.3 billion by 2020, growing at an estimated CAGR of 7.8% from 2014 to 2020. Grandview Research defines home healthcare as equipment and services that are designed to be used in the home or in non-medical establishments by non-professional caregivers, patients and family. Researchers found home healthcare diagnostics to dominate the home healthcare market, having a 41.1% of the market share in 2013, due to the high levels of individuals diagnosed with cardiovascular diseases and diabetes. North America was the largest regional market, bringing 40 percent of the total revenue due to it having a sophisticated healthcare and reimbursement infrastructure, relatively high patient awareness levels, and high healthcare expenditure. The Asia Pacific home healthcare market is expected to grow the fastest, at a CAGR of 9.7%, from 2014 to 2020. Reasons for this growth can be attributed to its improving healthcare infrastructure in some emerging markets and because of the Japan's large geriatric population. Click here to read more.
Corridor is the nation’s preferred partner and trusted business advisor to home health and hospice providers, providing quality services and impactful results for 30 years. Focusing on key operational, regulatory and financial challenges, Corridor delivering industry-unique solutions and deep expertise in coding, clinical documentation review, compliance, billing and collections , consulting and provider staff education . At Corridor, we make the business of caring for people Better! For the most important industry updates and news that impacts home health and hospice, please make sure to sign up for our weekly newsletter to receive the latest up-to-date industry information direct to your inbox!
For additional information, please contact Corridor at 1-866-263-3795.Go Back