According to a new Transparency Market Research report, the global home healthcare market is predicted to grow from $176.1 billion in 2013 to $303.6 billion by 2020.

The market is also expected to expand at a 8.10% CAGR from 2014 to 2020.

The report suggests the expected market growth will be the result of the rising prevalence of chronic diseases, technological advancements in household medical devices, the changing demographics, and acquisitions and mergers by the leading companies, according to a media release from Transparency Market Research.

North America is the dominant player in the market, followed by Europe and Asia Pacific.

For more information, visit Transparency Market Research.

[Source(s): Transparency Market Research, PR Newswire]