Skip to main content

Home Medical Equipment Market Professional Analysis And Therapeutic Synthesis Report 2020 to 2025

Home Medical Equipment Market: Increasing Geriatric Population and the Need for Cost-Effective Treatment are Projected to Boost Market Growth at a Healthy CAGR of 5.9% During the Forecast Period of 2019 to 2025
Home medical equipment consists of a broad range of devices intended for use at home or other non-clinical settings. The delivery of healthcare services will see an evident shift from clinical to homecare settings is positively influencing the home medical equipment market.
The rising prevalence of chronic diseases such as cancer, stroke, kidney failure, and diabetes. The key players operating in the global home medical equipment market are focusing on strategic initiatives, mergers & acquisitions, partnerships, agreements, product launches, government approvals, and expansion of manufacturing facilities.
Key Players
  • Carefusion Corporation (US)
  • GE Healthcare (US)
  • Medline Industries Incorporated (US)
  • Omron Corporation (Japan)
  • Resmed Corporation (US)
  • Stryker (US)
  • Arkray Incorporated (Japan)
  • Smiths Group PLC (UK)
  • Hoffmann-La Roche Ltd (Switzerland)
  • Abbott (US)
  • Philips Healthcare (US)
  • Invacare Corporation (US)
Segmentation
The global home medical equipment market has been segmented into functionality and end-user.
By functionality, the market has been segmented into therapeutic equipment, patient monitoring equipment, and mobility assist & patient support equipment. The therapeutic equipment is further classified into home respiratory therapy equipment, home IV equipment, home dialysis equipment, and other home therapeutic equipment. The patient monitoring equipment is subsequently segmented into blood glucose monitors, blood pressure monitors, Holter monitors, apnea monitors, heart rate monitors, baby monitors, electronic thermometers, and coagulation monitors. The mobility assist & patient support equipment is further segmented into wheelchairs, mobility scooters, medical furniture, bathroom safety equipment.
The global home medical equipment market, by end-user, has been segmented into hospitals, emergency clinics, home care settings, and others.
Regional Analysis
On a regional basis, the Americas is anticipated to dominate the global home medical equipment market owing to the rising demand for invasive and non-invasive monitoring devices and the increasing prevalence of chronic diseases in the region. For instance, in 2018, an estimated 1,735,350 cases of cancer were diagnosed in the US. Moreover, the presence of advanced healthcare technologies in the Americas is projected to boost the market growth. Europe accounted for the second-largest share in the market in 2018. This is attributed to improved medical infrastructure and growing patient awareness about home medical equipment.
Asia-Pacific is anticipated to be the fastest-growing region is due to the growing geriatric population, rising interest of major key players in emerging markets, and quality healthcare infrastructure in this region. The Middle East & Africa is expected to account for the least share of the global home medical equipment market. This is attributable to the limited healthcare infrastructure and lack of awareness about home medical equipment in this region.
Market Segment by Regions:
  • North America(United States, Canada and Mexico)
  • Europe(Germany, France, UK, Russia and Italy)
  • Asia-Pacific(China, Japan, Korea, India and Southeast Asia)
  • South America(Brazil, Argentina, Colombia etc.)
  • Middle East and Africa(Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
The report also appraises the supervisory scenarios which affect various decisions in the market. With all the data congregated and scrutinized using SWOT analysis, there is a vibrant picture of the competitive scenario of the Global Market.
Market Drivers
  • Rising incidences of chronic diseases such as diabetes, cancer, kidney failure, stroke, and respiratory disorders. For instance, more than 100 million adults in the US are living with diabetes or prediabetes. The demand for home medical equipment for monitoring and therapeutics is driven by the rising need for managing chronic diseases.
  • Technological advancements in healthcare and diagnosis equipment
  • Rising healthcare costs and growing need for affordable treatment options
  • Increasing geriatric population and change in lifestyle. Currently, 14.5% of the US population is age 65 and above. The rising adoption of home medical equipment among the geriatric population is driving the growth of this market.
  • Government initiatives encouraging home healthcare
About Market Research Future: MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Contact:
Market Research Future
+1 646 845 9312
Email: sales@marketresearchfuture.com
Labels:

Comments

Post a Comment

Popular posts from this blog

hyperpigmentation disorders treatment Overview

hyperpigmentation disorders treatment Analysis Hyperpigmentation disorder are harmless skin condition caused by darkened skin patches. Rising demand for outpatient dermabrasion procedures, increasing adoption of lasers and growing cosmetics expenditure are expected to drive the growth of the market. Additionally, rising R&D spending followed aggressive strategies by the key market players is generating awareness for the disease boosting the market to grow. The global hyperpigmentation disorders treatment Market was anticipated to held a market value of USD 3,915 million in the year 2017 and is expected to grow at a CAGR of 7.1% during the forecast period. Browse Complete Premium Research Report Enabled with Respective Tables and Figures at  https://www.marketresearchfuture.com/reports/hyperpigmentation-disorders-treatment-market-7462 Segmentation of The global h yperpigmentation disorders treatment market Segments  has been segmented based on treatment type, dise...
Post a Comment
Read more

Laminated Glass Market Rising Trends, Global Opportunity, demand Analysis and Precise Industry Outlook

Laminated Glass Market Research Overview 2021-2026: Laminated Glass Growth Analysis by Key Players, Types, Applications, Countries, and Forecast. This Laminated Glass research report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole. The Research study also analyses key emerging trends and their impact on present and future development. The process has significantly miniaturized various tools that creates more opportunities for the Laminated Glass section to penetrate the growth is valued at xx million US$ in 2020 and is expected to reach xx million US$ by the end of 2026, at a growing CAGR of xx%. Inquire for Free Sample Pages before Purchase of this Research Report: https://www.industrydataanalytics.com/reports/global-laminated-glass-market/inquiry?Mode=rohit The Laminated Glass Market Dynamics Majorly Targeted the Restraints Factors, Growth Opportunities and Future Challenges d...
Post a Comment
Read more

Medical Vacuum Systems Market Key Growth Drivers, Global Industry Demand and Size with Statistics Data

  Medical Vacuum Systems Market Research Report: By Product (Standalone Vacuum Systems, Centralized Vacuum Systems, Portable, and Compact), Technology (Dry Claw Vacuum Pump Technology), Application (Therapeutic), End User, & Region — Global Forecast till 2023 Market Highlights The global medical vacuum systems market held a market value of USD 1,030.5 million in 2017 and is projected to grow at a CAGR of 7.1% over the forecast period. Vacuum system maintains the pressure inside a chamber under the value of the atmospheric pressure. A medical vacuum system provides a safe, adequate flow of vacuum, and the required pressure to be used in the healthcare facilities such as operating theaters (OTs), intensive care centers, and emergency and respirology/general medicine units. Avail a Free Sample@  https://www.marketresearchfuture.com/sample_request/7569 Regional Analysis The global medical vacuum systems market has been segmented by region into the Americas, Europe, Asia-Pacifi...
Post a Comment
Read more