Home Medical Equipment Market by Functionality (Therapeutic Equipment [Home Respiratory Therapy Equipment, Home IV Equipment, Home Dialysis Equipment, and Other Home Therapeutic Equipment), Patient Monitoring Equipment [Blood Glucose Monitors, Blood Pressure Monitors, Holter Monitors, Peak Flow Meters, Apnea Monitors, Heart Rate Monitors, Baby Monitors, Electronic Thermometers, and Coagulation Monitors], and Mobility Assist & Patient Support Equipment (Wheelchairs, Mobility Scooters, Walking Assist Devices, Medical Furniture, and Bathroom Safety Equipment) and Distribution Channel (Pharmacies, Retail Medical Stores and Online Retailers): Global Opportunity Analysis and Industry Forecast, 2020-2027 , Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider Home Medical Equipment market, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Home Medical Equipment market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get the whole report, which includes a chart and more than 100 tables and figures. – Comprehensive Analysis of COVID-19 Market Outbreak Impact and Regional Situation
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The global home medical equipment market was valued at $30,545.34 million in 2019, and is estimated to reach $56,457.87 million by 2027, registering a CAGR of 6.1% from 2020 to 2027. Home medical equipment are medical devices that offer safe, convenient, cost-effective, and suitable treatment to the patients. Home medical equipment comprises of various devices that can be easily accessed by the patients or caregivers at home. These include blood glucose monitors, blood pressure monitors, Holter monitors, automated external defibrillators, and several others. The homecare equipment makes it easier for the patients to carry their day to day activities smoothly without the need of visiting hospitals and clinics regularly. This again saves their time and are proven to be cost effective. Further, medical equipment used for mobility assistance are widely being used by the elderly population as well as patients with certain difficulty in mobility. In addition, due to an increase in incidence of asthma and chronic obstructive pulmonary disease (COPD), oxygen-related products in home medical equipment are gaining considerable traction.
The growth of the global home medical equipment market is driven by the increase in incidence of chronic diseases and rise in geriatric population. Furthermore, cost-effectiveness of home medical devices and technological advancements are expected to fuel the market growth. However, surge in concerns related to patient safety and difficulty in adapting to medical devices restrain the growth. The growth potential in the emerging economies of Asia-Pacific is expected to provide numerous opportunities for market expansion during the forecast period.
The global home medical equipment market is segmented into functionality and region. Based on functionality, it is divided 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 market by home respiratory equipment is sub-divided into continuous positive airway pressure equipment, oxygen delivery equipment, ventilators, nebulizers, and humidifiers. The continuous positive airway pressure equipment is categorized into CPAP machines, CPAP masks & related interfaces, CPAP accessories, and oxygen delivery equipment. The market based on oxygen delivery equipment is classified into oxygen concentrators, home liquid oxygen containers, oxygen cannula, and other home oxygen delivery equipment. Based on home IV equipment, the market is divided into IV pumps, IV administration, and IV accessories. The market on the basis of home dialysis equipment is categorized into home peritoneal dialysis product and home hemolysis product. The other home therapeutic equipment is sub-segmented into home physical therapy equipment, home negative pressure wound therapy devices, home braces & related products, home enteral feeding products, home automated external defibrillators, and home muscle &nerve stimulators. By patient monitoring equipment, the market is segmented into blood glucose monitors, blood pressure monitors, Holter monitors, peak flow meters, apnea monitors, heart rate monitors, baby monitors, electronic thermometers, and coagulation monitor. The mobility assists & patient support equipment divides the market into mobility assist equipment, which include wheelchairs, mobility scooters, walking assist devices, medical furniture, and bathroom safety equipment. Based on wheelchair, the market is bifurcated into manual wheelchairs and powered wheelchairs. The walking assist devices is categorized into walkers & rollators, canes & walking sticks, and crutches. Based on medical furniture, the market is classified into lift chairs, medical beds, stair lifts, and medical furniture accessories. By bathroom safety equipment, it is fragmented into bars, grips & rails; shower chairs; elevated toilet seats; and commodes. Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major companies profiled in the report include Abbott Laboratories, B Braun Melsungen Ag, Baxter International Incorporated, Becton, Dickinson and Company, General Electric Company, Hill-Rom Holdings Incorporated, Johnson & Johnson, Medtronic plc, and Smith & Nephew plc. The other companies that provide home medical equipment are Arkray Incorporated, Carefusion Corporation, Invacare Corporation, Medline Industries Incorporated, Omron Corporation, Resmed Corporation, and Smiths Group plc.
KEY BENEFITS FOR STAKEHOLDERS
– The study provides an in-depth analysis of the market with current trends and future estimations to elucidate the imminent investment pockets.
– It offers a quantitative analysis from 2019 to 2027, which is expected to enable the stakeholders to capitalize on prevailing market opportunities.
– Extensive analysis by product elucidates the various types of home medical equipment used for the treatment of diverse chronic diseases.
– Comprehensive analysis of all geographical regions is provided to determine the prevailing opportunities.
– Key players are profiled and their strategies are analyzed thoroughly to understand the competitive outlook of the global market.
KEY MARKET SEGMENTS
BY FUNCTIONALITY
– Therapeutic Equipment
o Home Respiratory Therapy Equipment
Continuous Positive Airway Pressure Equipment
CPAP Machines
CPAP Masks & Related Interfaces
CPAP Accessories
Oxygen Delivery Equipment
Oxygen Concentrators
Home Liquid Oxygen Containers
Oxygen Cannula
Other Home Oxygen Delivery Equipment
Ventilators
Nebulizers
Humidifiers
o Home IV Equipment
IV Pumps
IV Administration
IV Accessories
o Home Dialysis Equipment
Home Peritoneal Dialysis Product
Home Hemolysis Product
o Other Home Therapeutic Equipment
Home Physical Therapy Equipment
Home Negative Pressure Wound Therapy Devices
Home Braces & Related Products
Home Enteral Feeding Products
Home Automated External Defibrillators
Home Muscle & Nerve Stimulators
– Patient Monitoring Equipment
o Blood Glucose Monitors
o Blood Pressure Monitors
o Holter Monitors
o Peak Flow Monitors
o Apnea Monitors
o Heart Rate Monitors
o Baby Monitors
o Electronic Thermometers
o Coagulation Monitors
o Others
– Mobility Assist & Patient Support Equipment
o Wheelchairs
Manual Wheelchairs
Powered Wheelchairs
o Mobility Scooters
Walking Assist Devices
Walkers & Rollators
Canes & Walking Sticks
Crutches
o Medical Furniture
Lift Chairs
Medical Beds
Stair Lifts
Medical Furniture Accessories
o Bathroom Safety Equipment
Bars, Grips & Rails
Shower Chairs
Elevated Toilet Seats
Commodes
BY DISTRIBUTION CHANNEL
Hospital Pharmacies
Retail Pharmacies
Online Retailers
BY REGION
o North America
U.S.
Canada
Mexico
o Europe
France
Germany
UK
Italy
Spain
Netherlands
Norway
Russia
Sweden
Switzerland
Rest of Europe
o Asia-Pacific
Japan
China
India
Australia
South Korea
New Zealand
Taiwan
Thailand
Rest of Asia-Pacific
o LAMEA
Brazil
South Arabia
South Africa
Chile
Columbia
Egypt
Iran
Israel
Turkey
Venezuela
Rest of LAMEA
LIST OF KEY PLAYERS PROFILED IN THE REPORT
– Abbott Laboratories
– Baxter International Inc.
– Braun Melsungen AG
– Beckton Dickson And Company
– General Electric Company
– Hill-Rom Holdings, Inc.
– Invacare Corporation
– Johnson & Johnson
– Medtronic Plc
– Smith & Nephew Plc
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