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Home Healthcare Device Market to offer USD 330 Billion opportunity by 2021 end, expanding at >7% CAGR globally

Research Nester has recently announced its latest research on “Home Healthcare Device/Equipment Market : Global Demand Analysis & Opportunity Outlook 2023”, after studying the market situation and anticipating the future trends, the research provides a concrete platform for the existing and new players looking to enter into the market. The study provides information about market scenario of forecast period by analyzing the current situation.

Home healthcare device market is one of the growing markets across the globe. Rising aging population worldwide and increasing chronic diseases have forced end-users to opt for home-based diagnostic devices. 

Global home healthcare device market is expected to grow at a CAGR of >7% during the forecast period of 2016-2021 and expected to cross USD 330 Billion by 2021. North America at present has the largest share in home healthcare device market and expected to continue its dominance in near future due to rising number of chronic disease and introduction of Affordable Care Act 2010.

Following the same trend, Asia-pacific region is forecasted to be the second largest contributor to global home healthcare device market due to the advancement of healthcare technology in developing nations like India & China. India which has availability of skilled man power coupled with developed IT sectors & increased penetration of medical insurance etc. would further would bid to boost the home healthcare market in the region in near future. Moving on in the same direction, Indian medical technology sector has funded USD 5.5 Billion recently out of which 7-8% has been spent on the healthcare industries for the new researches & advanced healthcare facilities. 

TO know more about this research, Kindly visit http://www.researchnester.com/reports/global-home-healthcare-device-market-analysis-opportunity-outlook-2021/138

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