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MarketsandMarkets: Global Home Healthcare Market Worth $296 Billion by 2016
Date:4/5/2012

g population is set to increase from 550 million in 2000 to 973 million by 2030. Japan and South Korea are considered to be the world's fastest aging countries. The median age of the world population is increasing due to a decline in fertility and a 20-year increase in the average life span during the second half of the 20th century. Another factor contributing to the growth of the home healthcare market is that an increasing number of countries are experiencing the shift termed "epidemiological transition". Chronic diseases with long-term treatment have begun replacing infections as the primary cause of death in the aging societies and this shift is not confined to the developed world. Home healthcare is required for diseases and disorders which need close and regular monitoring such as diabetes and respiratory disorders. The demand for home healthcare is increasing because of the high incidence and prevalence of the chronic disease conditions.

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