Global Home Medical Equipment Market
Home medical equipments are defined as medical devices that offer safe, cost-effective, convenient, and suitable environment to patients at their residence. These devices help in efficient recovery of patients and improves the recovery time. Type of home medical equipment consists therapeutic equipment, mobility assist equipment, patient monitoring equipment, and other patient support equipment. Home medical devices helps in reducing time spent in hospitals, nursing homes and clinics as well as saves costs on healthcare for an individual.
Market Drivers
The global home medical equipment market has transformed from past few years, due to the increase in prevalence of various chronic diseases worldwide. Further, oxygen-related products in home medical equipment are gaining high adoption, owing to significant rise in incidence of chronic obstructive pulmonary disease (COPD) across the globe. Various devices are used for patient care at home, for instance, wheel chair, infusion pumps, apnea monitors, glucose meters, and cannula. For instance, glucose meters or glucometers are routinely used at home to assess the level of glucose in blood for diabetics. Also, new technologies like needle-free diabetic care, medication administration equipment, and durable medical equipment, including medical beds & lift chairs, fuel the global home medical equipment market growth.
The growth of the home medical equipment market is propelled by the rise in incidence of chronic diseases and considerable increase in geriatric population across the world. In addition, technological advancements in home care medical equipment like portability, smaller size, and ease to access accelerate the market growth during this forecast period. The growth potential in the emerging countries of Asia-Pacific is expected to provide numerous opportunities for market expansion throughout the forecast period.
Market Restraints
High cost associated with these devices is expected to hamper the growth of home medical equipment across the globe. Also, surge in concerns related to patient safety as well as difficulty in adapting to medical devices restrain the global home medical equipment market growth over the forecast period.
Market Segmentation
The Global Home Medical Equipment Market is segmented into type such as Therapeutic Equipment, Patient monitoring, Mobility Assist, and Other patient Support equipment. Further, market is segmented into distribution channel such as Hospital Pharmacies, Retail Pharmacies, and online Retailers.
Regional Analysis
The global home medical equipment market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America holds the largest market share in home medical equipment market followed by Europe due to large patient pool with various diseases & the increase in geriatric population that require more number of home medical equipment. The Asia Pacific is expected to exhibit high growth, due to the increase in investments by governments of emerging economies in the healthcare sector in this region.
Market Key Players
Numerous key operating players are listed in this report such as Abbott Laboratories, Baxter International Incorporated, B Braun Melsungen Ag, Becton, Dickinson and Company, General Electric Company, Johnson & Johnson, Hill-Rom Holdings Incorporated, Medtronic plc, Smith & Nephew plc. Arkray Incorporated, etc.
Market Taxonomy
By Type
By Distribution Channel
By Region
Key Questions Addressed by the Report
Global Home Medical Equipment Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Home Medical Equipment Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Home Medical Equipment Market, By Type
5.1 Y-o-Y Growth Comparison, By Type
5.2 Global Home Medical Equipment Market Share Analysis, By Type
5.3 Global Home Medical Equipment Market Size and Forecast, By Type
5.3.1 Therapeutic Equipment
5.3.2. Patient monitoring
5.3.3. Mobility Assist
5.3.4. Other patient Support Equipment
6 Global Home Medical Equipment Market, By Distribution Channel
6.1 Y-o-Y Growth Comparison, By Distribution Channel
6.2 Global Home Medical Equipment Market Share Analysis, By Distribution Channel
6.3 Global Home Medical Equipment Market Size and Forecast, By Distribution Channel
6.3.1 Hospital Pharmacies
6.3.2. Retail Pharmacies
6.3.3. Online Retailers
7Global Home Medical Equipment Market, By Region
7.1 Global Home Medical Equipment Market Share Analysis, By Region
7.2 Global Home Medical Equipment Market Share Analysis, By Region
7.3 Global Home Medical Equipment Market Size and Forecast, By Region
8North America Home Medical Equipment Market Analysis and Forecast (2020 – 2030)
8.1 Introduction
8.2 North America Home Medical Equipment Market Share Analysis, By Type
8.3 North America Home Medical Equipment Market Size and Forecast, By Distribution Channel
8.4 North America Home Medical Equipment Market Size and Forecast, By Country
8.4.1 U.S
8.4.2 Canada
8.4.3 Mexico
9Europe Home Medical Equipment Market Analysis and Forecast (2020 – 2030)
9.1 Introduction
9.2 Europe Home Medical Equipment Market Share Analysis, By Type
9.3 Europe Home Medical Equipment Market Size and Forecast, By Distribution Channel
9.4 Europe Home Medical Equipment Market Size and Forecast, By Country
9.4.1 Germany
9.4.2 France
9.4.3 UK
9.4.4. Rest of Europe
10Asia Pacific Home Medical Equipment Market Analysis and Forecast (2020 – 2030)
10.1 Introduction
10.2 Asia Pacific Home Medical Equipment Market Share Analysis, By Type
10.3 Asia Pacific Home Medical Equipment Market Size and Forecast, By Distribution Channel
10.4 Asia Pacific Home Medical Equipment Market Size and Forecast, By Country
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4. Rest of Asia Pacific
11Latin America Home Medical Equipment Market Analysis and Forecast (2020 – 2030)
11.1 Introduction
11.2 Latin America Home Medical Equipment Market Share Analysis, By Type
11.3 Latin America Home Medical Equipment Market Size and Forecast, By Distribution Channel
11.4 Latin America Home Medical Equipment Market Size and Forecast, By Country
12Middle East Home Medical Equipment Market Analysis and Forecast (2020 – 2030)
12.1 Introduction
12.2 Middle East Home Medical Equipment Market Share Analysis, By Type
12.3 Middle East Home Medical Equipment Market Size and Forecast, By Distribution Channel
12.4 Middle East Home Medical Equipment Market Size and Forecast, By Country
13Competitive Analysis
13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies
14Company Profiles
14.1 Abbott Laboratories
14.1.1 Overview
14.1.2 Offerings
14.1.3 Key Financials
14.1.4 Business Segment & Geographic Overview
14.1.5 Key Market Developments
14.1.6 Key Strategies
14.2 Baxter International Incorporated
14.2.1 Overview
14.2.2 Offerings
14.2.3 Key Financials
14.2.4 Business Segment & Geographic Overview
14.2.5 Key Market Developments
14.2.6 Key Strategies
14.3 B Braun Melsungen Ag
14.3.1 Overview
14.3.2 Offerings
14.3.3 Key Financials
14.3.4 Business Segment & Geographic Overview
14.3.5 Key Market Developments
14.3.6 Key Strategies
14.4 Becton, Dickinson and Company
14.4.1 Overview
14.4.2 Offerings
14.4.3 Key Financials
14.4.4 Business Segment & Geographic Overview
14.4.5 Key Market Developments
14.4.6 Key Strategies
14.5 General Electric Company
14.5.1 Overview
14.5.2 Offerings
14.5.3 Key Financials
14.5.4 Business Segment & Geographic Overview
14.5.5 Key Market Developments
14.5.6 Key Strategies
14.6 Johnson & Johnson
14.6.1 Overview
14.6.2 Offerings
14.6.3 Key Financials
14.6.4 Business Segment & Geographic Overview
14.6.5 Key Market Developments
14.6.6 Key Strategies
14.7 Hill-Rom Holdings Incorporated
14.7.1 Overview
14.7.2 Offerings
14.7.3 Key Financials
14.7.4 Business Segment & Geographic Overview
14.7.5 Key Market Developments
14.7.6 Key Strategies
14.8 Medtronic plc
14.8.1 Overview
14.8.2 Offerings
14.8.3 Key Financials
14.8.4 Business Segment & Geographic Overview
14.8.5 Key Market Developments
14.8.6 Key Strategies
14.9 Smith & Nephew plc
14.9.1 Overview
14.9.2 Offerings
14.9.3 Key Financials
14.9.4 Business Segment & Geographic Overview
14.9.5 Key Market Developments
14.9.6 Key Strategie
14.10 Arkray Incorporated
14.10.1 Overview
14.10.2 Offerings
14.10.3 Key Financials
14.10.4 Business Segment & Geographic Overview
14.10.5 Key Market Developments
14.10.6 Key Strategies
