The global Home Medical Equipment market gathered revenue around USD 30,547.10 Million in 2020 and market is set to grow USD 56,458.90 Million by the end of 2027 and is estimated to expand at a modest CAGR of 8.9% during the prediction period 2021 to 2027. Home medical equipment are medical devices that offer safe, convenient, cost-effective, and suitable environment to patients within their home. The home medical equipment market has transformed within recent years, owing to increase in prevalence of various chronic diseases across the globe. Further, oxygen-related products in home medical equipment are gaining high adoption, due to significant increase in incidence of chronic obstructive pulmonary disease (COPD) worldwide. Numerous devices are used for patient care at home, for example, infusion pumps, wheel chair, 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. Further, new technologies such as needle-free diabetic care, medication administration equipment, and durable medical equipment, such as medical beds and lift chairs, propel the home medical equipment market growth.
This research report purposes at stressing the most lucrative growth prospects. The aim of the research report is to provide an inclusive valuation of the Home Medical Equipment market and it encompasses thoughtful visions, actualities, industry-validated market findings, historic data, and prognoses by means of appropriate set of assumptions and practice. Global Home Medical Equipment market report aids in comprehending market structure and dynamics by recognizing and scrutinizing the market sectors and predicted the global market outlook.
COVID-19 Impact Assessment on Market Landscape
The report comprises the scrutiny of COVID-19 lock-down impact on the income of market leaders, disrupters and followers. Since lock down was instigated differently in diverse regions and nations, influence of same is also dissimilar across various industry verticals. The research report offers present short-term and long-term influence on the market to assist market participants across value chain makers to formulate the framework for short term and long-lasting tactics for recovery and by region.
Home Medical Equipment market report empowers readers with all-inclusive market intelligence and offers a granular outline of the market they are operational in. Further this research study delivers exceptional combination of tangible perceptions and qualitative scrutiny to aid companies accomplishes sustainable growth. This report employs industry-leading research practices and tools to assemble all-inclusive market studies, intermingled with pertinent data. Additionally, this report also emphases on the competitive examination of crucial players by analyzing their product portfolio, pricing, gross margins, financial position, growth approaches, and regional occurrence.
Scope of the Report
This report provides an all-inclusive environment of the analysis for the Home Medical Equipment Market. The market estimates provided in the report are the result of in-depth secondary research, primary interviews and in-house expert reviews. These market estimates have been considered by studying the impact of various social, political and economic factors along with the current market dynamics affecting the Home Medical Equipment Market growth
Along with the market overview, which comprises of the market dynamics the chapter includes a Porter’s Five Forces analysis which explains the five forces: namely buyers bargaining power, suppliers bargaining power, threat of new entrants, threat of substitutes, and degree of competition in the Home Medical Equipment Market. It explains the various participants, such as system integrators, intermediaries and end-users within the ecosystem of the market. The report also focuses on the competitive landscape of the Home Medical Equipment Market.
Competitive Rivalry
Foremost players in the market are attentive on adopting corporation strategies to enhance their market share. Some of the prominent tactics undertaken by leading market participants in order to sustain the fierce market completion include collaborations, acquisitions, substantial spending in R&D and the improvement of new-fangled products or reforms among others.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
- Company Overview
- Company Market Share/Positioning Analysis
- Product Offerings
- Financial Performance
- Recent Initiatives
- Key Strategies Adopted by Players
- Vendor Landscape
- List of Suppliers
- List of Buyers
Significant Market Participants Operational in the Home Medical Equipment Market are: 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.
Unravelling the Critical Segments
This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects including product type, application/end-user, and region. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for period 2017 to 2027 and covers subsequent region in its scope:
Key Market Segments
- BY DISTRIBUTION CHANNEL
- Hospital Pharmacies
- Retail medical stores
- Online retailer
- BY FUNCTIONALITY
- Therapeutic Equipment
- 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
- Home IV Equipment
- IV Pumps
- IV Administration
- IV Accessories
- Home Dialysis Equipment
- Home Peritoneal Dialysis Product
- Home Hemolysis Product
- 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
- Blood Glucose Monitors
- Blood Pressure Monitors
- Holter Monitors
- Peak Flow Monitors
- Apnea Monitors
- Heart Rate Monitors
- Baby Monitors
- Electronic Thermometers
- Coagulation Monitors
- Others
- Mobility Assist & Patient Support Equipment
- Wheelchairs
- Manual Wheelchairs
- Powered Wheelchairs
- Mobility Scooters
- Walking Assist Devices
- Walkers & Rollators
- Canes & Walking Sticks
- Crutches
- Medical Furniture
- Lift Chairs
- Medical Beds
- Stair Lifts
- Medical Furniture Accessories
- Bathroom Safety Equipment
- Bars, Grips & Rails
- Shower Chairs
- Elevated Toilet Seats
- Commodes
- By Region
- North America
- Europe
- Asia-Pacific
- LAMEA
By Geography
North America
Europe
- Germany
- France
- United Kingdom
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Southeast Asia
- Rest of Asia Pacific
Latin America
- Brazil
- Rest of Latin America
Middle East & Africa (MEA)
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