London, United Kingdom (PressExposure) December 09, 2009 -- The home healthcare equipment market in the UK was valued at $2.1 billion in 2008. It is forecast to reach $3.8 billion in 2015 with a CAGR of 9%. The need to control healthcare costs, technological advances and increasing number of patients are expected to be the drivers behind this growth. Cost effectiveness of home healthcare has resulted in increased adoption rates of these devices.
While lack of reimbursement for advanced technologies and product recalls remain the key challenges, increasing need to control the rising healthcare costs and positive demographics should ensure that the home healthcare equipment market in the UK continues to grow at a steady pace.
This analysis was taken from a research paper published by GlobalData, to download the full Research Paper for free, click below:
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