North American Home Healthcare Market worth $130.4 Billion By 2017

Home care or domiciliary care is supportive care provided by the licensed healthcare professionals in the home itself. It ensures that the activities of daily living (ADL’s) are met. More accurately it is referred as the Home healthcare or formal care which distinguishes it from non-medical care, custodial care or private duty care which is basically given by persons who are not licensed medical personals. Home healthcare services may include short-term nursing, therapeutic, rehabilitative, and assistive home healthcare. Specifically speaking, home healthcare may also include occupational and physical therapy, speech therapy, and even skilled nursing.

                                           Source: https://www-edc.eng.cam.ac.uk/

The healthcare market is witnessing a tremendous growth over the few years. The most significant trend witnessed in the healthcare market recently is the shift of treatment from hospitals to home in order to reduce expensive hospital expenditure. This shift has been opening up new major opportunities for the healthcare market. Various factors contributing to this are innovations in healthcare market, easy availability, aging demographics and increasing chronic diseases. These factors are driving the U.S. healthcare market significantly which has the largest share of the global healthcare market in terms of revenue. All these factors have made home healthcare a lucrative market for various companies. However there are few factors like cut in Medicare payments to home health agencies and risk to the safety of home healthcare workers which are limiting the growth of this market.

                                            Source: http://www.cepro.com/images/

According to a new market research report by MarketsandMarkets, the home healthcare market has been witnessing a surge as it offers heavy cost advantage to the patients by reducing their hospital expenditure. The North America home healthcare market was valued at $90.9 billion in 2012; it is poised to grow at a CAGR of 7.5% to reach $130.4 billion by 2017. The report analyzes and studies the major market drivers, restraints, and opportunities in North America.

In the report the home healthcare market has been broadly segmented on the basis of products, services, and tele-health. Factors like prominent chronic diseases and increasing healthcare cost, are fueling the growth of this market. According to the report, the U.S. is dominating the North American home healthcare market and is expected to maintain that position in the coming five years owing to the rising aging population, increasing chronic diseases, technological developments for various home use applications (home healthcare therapeutic equipment, home healthcare testing monitoring devices and mobility assist & other devices), positive response to home-based devices, increasing awareness, and insurance coverage in the country. The prominent home healthcare service provider companies are Apria Healthcare Group (U.S.), Amdisys Inc. (U.S.) and Gentiva Health Service Inc. (U.S.)  while key home healthcare product manufacturing companies are Alere, Inc. (U.S.), Fresenius Se & Co KGAa (Germany), GE Healthcare (U.K), Baxter International, Inc. (U.S.), B. Braun Melsungen AG (Germany), Philips Healthcare (The Netherlands), and Roche Holdings (Switzerland).

The report can be referred here:

http://www.marketsandmarkets.com/Market-Reports/north-american-home-healthcare-market-1139.html 

Global Sterilization Equipment Market is expected to worth $4.2 Billion by 2017

Sterilization refers to the process of killing or removing all forms of microbial transmissible agents like fungi, bacteria, viruses, spore forms, etc. present on a surface, in a fluid, or on any medical apparatus. The process of sterilization is achieved by applying heat, radiation, chemicals, high pressure, or combinations thereof. Sterilization process finds various applications in food industry, medicine and surgery. Until recently, the most advanced sterilization methods were found only in hospitals. Nowadays there is a growing demand for more sophisticated sterilization technologies in veterinary, dental and private clinics, tattoo parlors and beauty salons.

                                     Source: http://www.prestige-dental-care.com.my/

According to a new market research report by MarketsandMarkets, the global sterilization market is valued at $3.1 billion in 2012 and is estimated to reach $4.2 billion by 2017 at a CAGR of 6.1%. The report analyzes and studies the major market drivers, restraints, and opportunities in North America, Europe, Asia, and Rest of the World. The report provides the detailed analysis and forecast of the global sterilization market from 2012 to 2017. According to the report the major players in this market are Getinge (Sweden), Steris (U.S.), Sterigenics (U.S.), Sakura (Japan), 3M (U.S.), Cantel Medical (U.S.), and Advanced Sterilization Product (U.S.).

Sterilization is one the most effective component of infection-control procedures. The sterilization market has dynamically improved from moist sterilization (steam) to the progressive ethylene oxide (EtO), gamma radiation and low temperature gas plasma sterilization, and now to recent technologies like NO2-based sterilization. The main factors for the growth in sterilization market are increasing demand for healthcare services and change in healthcare reimbursement policies. U.S. and Europe are the major markets for sterilization. But, the Asian market is also expected to display favorable growth in the coming 5 years, primarily due to rise in awareness, growth of aging population, increase in number of surgeries, and growth in per capita income.

                                              Source: http://www.moravek.co.uk/

The report focuses on various sterilization technologies like heat, chemical, radiation and filtration. It also studies the sterilization services market, including healthcare solutions, hospital sterilization services, and applied sterilization technologies. With the introduction of technically enhanced instruments in the market like endoscopes and analyzers, there has been an increased need for advanced sterilizers that are compatible with the same. This has brought about a drastic shift from steam sterilizers to low temperature sterilizers with its wide range of technologies such as ethylene oxide (EtO), vaporized hydrogen peroxide (VHP), hydrogen peroxide gas plasma, and ozone gas based sterilization.

The report can be referred here:
http://www.marketsandmarkets.com/Market-Reports/sterilization-equipment-services-market-642.html