U.S. Home Healthcare Products Market to Surpass $7.5 Billion by 2009, According to New Market Research
June 16, 2005 (PRLEAP.COM) Health News
New York, June 21, 2005 — According to a new study released today from Kalorama Information, the U.S. market for home healthcare products will show steady growth through the end of the decade to pass the $7.5 billion mark by 2009. Home medical equipment and infusion products will lead the way as home healthcare continues to be a growing trend. The new study, The U.S. Market for Home Care Products, 4nd Edition, forecasts steady growth across almost all areas of home health. Driven by the aging U.S. population and the increasing acceptance of home care for a variety of health conditions, the entire sector is expected to grow an estimated 8% annually over the next 5 years.
“Moving patients from expensive institutional care to less costly home care is becoming a priority in a more cost-conscious managed care environment,” notes Steven Heffner, Acquisitions Editor at Kalorama Information. “Although this may be good news to suppliers generally, it also foretells that these same suppliers will increasingly feel price pressures, especially suppliers of less technologically advanced products.”
According to the study, these pressures are already driving down the unit prices of traditional equipment, such as beds and wheelchairs, while more technologically dynamic segments, such as monitors and defibrillators, will fare better.
Kalorama’s most recent study re-evaluates and extends the forecasts through 2009 for six segments: home medical equipment, infusion products, kidney dialysis, respiratory therapy, monitors, and miscellaneous supplies, such as ostomy and incontinence products. It also adds a new emerging segment, home defibrillators.
Priced at $3,500, The U.S. Market for Home Care Products, 4nd Edition can be purchased directly from Kalorama Information by clicking http://www.kaloramainformation.com/pub/1077784.html. It is also available at MarketResearch.com.
About Kalorama Information
Kalorama Information, an imprint of MarketResearch.com, supplies the latest in independent market research for the life sciences. For more information, contact Steven Heffner at 212-807-2634 or sheffner@kaloramainformation.com, or visit www.KaloramaInformation.com.
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