Brazil occupies largest share of Latin America home healthcare market
Latin America home healthcare market, by geography is segmented as Brazil, Mexico, Colombia, Argentina and others. Brazil contributed for the largest share, i.e. around 35%, in 2013 of the Latin America home healthcare market. Increasing healthcare awareness and rising healthcare expenditure on chronic diseases in Brazil drive the market of home healthcare in Brazil. Mexico contributed the second largest share i.e. over 25% of the total market in 2013 and is expected to witness fastest growth during the study period. High prevalence of diabetes and cardiovascular diseases and increasing healthcare investment by the Government of Mexico will support the growth of home healthcare in Mexico. The growth of home healthcare market in Argentina and Colombia is mainly attributed to the introduction of new technologies coupled with new product launch by key companies. Some of the prominent players in the Latin America home healthcare market are Omron Healthcare, Phillips Healthcare, Medtronic, F. Hoffmann-La Roche, Praxair Technologies, Teleflex Corporation, Bayer Healthcare, ResMed, GE Healthcare, Cardinal Health, Gentiva Health Services, Invacare Corporation, Johnson & Johnson, Abbott Laboratories and others.
