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A Rise in the Number of the Aged in Asia-Pacific Widens the Market for Home Care Devices, Finds Frost & Sullivan
Date:5/12/2013

KUALA LUMPUR, Malaysia, May 12, 2013 /PRNewswire/ -- Acknowledging the rapid aging of the population in Asia-Pacific, governments are encouraging patients to opt for home care by offering incentives, subsidies and tax cuts. While improving patients' quality of life, home care also reduces the burden on the healthcare infrastructure, workforce and expenditure in chronic care settings.

New analysis from Frost & Sullivan (http://www.medtech.frost.com), Analysis of the Asia Pacific Home Care Devices Market, finds that the market earned approximately US$967.0 million in 2012 and estimates this to reach US$1.21 billion in 2016. It covers the mobility aids, respiratory, intravenous (IV) therapy and incontinence management segments across Australia, South Korea, Malaysia, Indonesia, India, China, Japan, Singapore, Thailand and Vietnam.

Apart from financial considerations, patients are also opting for home care due to technological advancements and convenience in mobility aids and incontinence devices.

Product and technology improvements have also resulted in innovative mobility aids including motorized vehicles such as electric wheelchairs and electric scooters; non-motorized vehicles such as manual wheelchairs; and other equipment like crutches and walkers.

"Newer, lighter and stronger materials providing rigid but light weighted wheelchairs encourage more patients to use them, as it lasts longer than conventional wheelchairs," said Frost & Sullivan Healthcare Consultant Poornima Srinivasan. "Crutches and walking sticks also use superior materials to enhance pro
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SOURCE Frost & Sullivan
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