Latin America: Home healthcare devices market at a nascent stage, to report significant growth
As per the report published by Transparency Market Research, the home healthcare devices market in emerging geographies such as Latin America is at the starting stage and it will report a significant growth. The global home healthcare market is estimated to grow at a CAGR of 8.1% over 2014-2020. The market is expected to reach USD 303.6 billion in 2020 from USD 176.1 billion in 2013. The rise in aging population and increase of new case of patients suffering from chronic cardiac disorders, diabetes, and respiratory diseases are the prime contributors of home healthcare devices market growth. The home healthcare devices help patients recover from the disease in the convenience, comfortableness and privacy of their own homes.
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