Homecare 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 [Mobility Assist Equipment, (Wheelchairs, Mobility Scooters, Walking Assist Devices, Medical Furniture, and Bathroom Safety Equipment)] - Global Opportunity Analysis and Industry Forecast, 2017-2023
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Homecare medical equipment (HME) refers to medical devices used to provide safe, convenient, cost-effective, and suitable environment to patients. These devices facilitate easy recovery of the patients by improving their quality of life.
The global homecare medical equipment market was valued at $21,912 million in 2016, and is estimated to reach $35,183 million by 2023, registering a CAGR of 7.1% from 2017 to 2023.
The growth of the global homecare medical equipment market is driven by the increase in incidence of chronic diseases and rise in geriatric population.
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Furthermore, cost-effectiveness of HME 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.
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The global homecare 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 homecare respiratory therapy equipment, homecare IV equipment, homecare dialysis equipment, and other homecare therapeutic equipment. The market by homecare 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, homecare liquid oxygen containers, oxygen cannula, and other homecare oxygen delivery equipment.
Based on homecare IV equipment, the market is divided into IV pumps, IV administration, and IV accessories. The market on the basis of homecare dialysis equipment is categorized into homecare peritoneal dialysis product, homecare hemolysis product, and other homecare therapeutic equipment.
The other homecare therapeutic equipment is sub-segmented into homecare physical therapy equipment, homecare negative pressure wound therapy devices, homecare braces & related products, homecare enteral feeding products, homecare automated external defibrillators, and homecare 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, Arkray Incorporated, Baxter International Incorporated, Becton, Dickinson and Company, B. Braun Melsungen Ag, Carefusion Corporation, Invacare Corporation, General Electric Company, Hill-Rom Holdings Incorporated, Johnson & Johnson, Medline Industries Incorporated, Medtronic plc, Omron Corporation, Resmed Corporation, and Smiths group plc.
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KEY BENEFITS FOR STAKEHOLDERS
- The report provides an in-depth analysis of parent market trends, macro-economic indicators, and governing factors.
- This report provides an extensive analysis of the current and emerging market trends and dynamics in the market from 2016 to 2023 that helps identify the upcoming market opportunities.
- Recent industry trends and developments and the future opportunities are also covered.
- Extensive knowledge about the key market players and their strategies is provided.
- Comprehensive analysis of the various factors that drive and restrain the growth of the market is provided.
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