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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

duct use and widen the customer base."

Despite its multiple advantages, home care devices' market penetration in Asia-Pacific is hampered by reimbursement issues. While some developed countries provide reimbursement in the form of cash or subsidies, developing countries have no established reimbursement schemes.

Many Asia-Pacific countries have rigid reimbursement policies regarding home care products and the introduction and pricing of the products are decided by the government. Therefore, it is vital that stakeholders and end users are educated by companies about their products' cost-effectiveness, ability to improve the patient's quality of life and need to revamp reimbursement policies.

Device manufacturers could also design and introduce cost-effective products customized to the needs of the region to enhance penetration and revenue growth.

"Domestic manufacturing or partnerships with local manufacturers at competitive rates will facilitate their entry in emerging economies," noted Srinivasan. "Collaborations with local market participants will also improve distribution and give a foothold in countries with significant growth potential."

If you are interested in more information on this research, please send an email to Donna Jeremiah , Corporate Communications, at djeremiah@frost.com, with your full name, company name, job title, telephone number, company email address, company website, city, state and country.

Analysis of the Asia Pacific Home Care Devices Market is part of the Advanced Medical Technologies Growth Partnership Service program. Frost & Sullivan's related research services include: United States Bone Grafts and Bone Graft Substitutes Market, Anti-infectives Market in Malawi, Mauritius and Zimbabwe and W
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