A new market report published by Transparency Market Research (Latin America Home Healthcare Market) predicts the Latin American Home Healthcare market, valued at 9.8 billion in 2013, could reach $17.5 billion in 2020.
Browse the full Home Healthcare Market in Latin America Report at http://www.transparencymarketresearch.com/latin-america-home-healthcare-market.html
The home healthcare market comprises medical devices used for the diagnosis of various diseases such as diabetes, cardiovascular diseases, respiratory disorders, and sleep disorders. The home healthcare market is witnessing steady growth in Latin America, as developed countries like North America and Europe are increasingly investing in this region.
According to United Nations, by 2050, the ratio of geriatric population with respect to the total population would increase to an average of 21% in Brazil, Mexico and Chile. In addition, new product development by key market players will further drive the growth of the home healthcare market during the study period.
High acceptance of medical devices, coupled with technological advancements (introduction of automated and portable devices) fuel the growth of the home healthcare market in Latin America. The home healthcare market, by device types, in Latin America is categorized as diagnostic and monitoring home healthcare devices (blood glucose monitors, blood pressure monitors, heart rate monitors, temperature monitors, sleep apnea monitors, coagulation monitors, pregnancy test kits, pulse oximeters and more.