The home medical equipment market is expected to experience market growth during the forecast period of 2021 to 2028. Data Bridge Market Research analyzes that the market is growing with a CAGR of 5.50% during the forecast period of 2021 to 2028 and is projected to reach USD 34,917.26 million by 2028. Rising prevalence of chronic diseases among population across the globe and increased burden on healthcare facility sector is accelerating the growth of the market for home medical equipment.
Home medical equipment refers to medical devices that help provide a convenient, safe, familiar and cost-effective environment for patients in their homes. These equipments help reduce the time spent in hospitals, clinics and nursing homes, reduce healthcare expenses, reduce recovery time and speed up patient recovery.
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This Home Medical Equipment Market report provides details about recent new developments, trade regulations, import and export analysis, production analysis, value chain optimization, share market analysis, the impact of national and localized market players, analyzes opportunities in terms of emerging revenue pockets, market changes regulations, strategic analysis of market growth, market size, category market growth, niches and dominance of applications, product approvals, product launches, geographic expansions, technological innovations in the market. For more insights on the Home Medical Equipment market, contact Data Bridge Market Research for an Analyst Brief, our team will help you make an informed market decision to achieve market growth.
Key players covered in the Home Medical Equipment market report are Abbott, ARKRAY, Inc., Baxter, B. Braun Melsungen AG, ConvaTec Inc., The Cooper Companies Inc., DeVilbiss Healthcare LLC, Medical Depot, Inc. , Fresenius Medical Care AG & Co. KGaA, General Electric, GF HEALTH PRODUCTS, INC., Hill-Rom Services, Inc., Invacare Corporation, Johnson & Johnson Services, Inc., BD, Medtronic, Smith+Nephew, OMRON Corporation, ResMed, Smiths Group plc among other national and global players. Market share data is available separately for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America .DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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Home Medical Equipment Market Scope and Market Size
The home medical equipment market is segmented on the basis of functionality, distribution channel, and end users. The growth among these segments will help you analyze low growth segments within the industries and provide users with valuable market insight and market insights to help them make strategic decisions for identification of major market applications.
- On the basis of functionality, the home medical equipment market is segmented into therapy equipment, patient monitoring equipment, and patient mobility assistance and support equipment. Therapeutic Equipment is further segmented into Home Respiratory Therapy Equipment, Home IV Equipment, Home Dialysis Equipment, and Other Home Therapy Equipment. Home respiratory therapy equipment is further sub-segmented into continuous positive airway pressure equipment, oxygen delivery equipment, ventilators, nebulizers and humidifiers. Continuous positive airway pressure equipment is sub-sub-segmented into CPAP machines, CPAP masks and related interfaces and CPAP accessories. Oxygen delivery equipment is sub-sub-segmented into oxygen concentrators, home liquid oxygen containers, oxygen cannula and other home oxygen delivery equipment. Home IV equipment is further sub-segmented into IV pumps, IV administration and IV accessories. Home dialysis equipment is subdivided into home peritoneal dialysis product and home hemolysis product. Other Home Therapy Equipment is further sub-segmented into Home Physiotherapy Equipment, Home Negative Pressure Wound Therapy Equipment, Home Orthopedic Devices and Related Products, Home Enteral Feeding Products, Automated External Defibrillators home and muscle and nerve stimulators at home. Patient monitoring equipment is further segmented into blood glucose monitors, blood pressure monitors, Holter monitors, peak flow monitors, apnea monitors, heart rate monitors, baby monitors, electronic thermometers, and coagulation monitors. Mobility aid and patient support equipment is further segmented into wheelchairs, mobility scooters, medical furniture and bathroom safety equipment. Wheelchairs are further sub-segmented into manual wheelchairs and electric wheelchairs. Mobility scooters are further sub-segmented into walking aids, walkers and walkers, canes and canes and crutches. Medical furniture is further segmented into lift chairs, medical beds, stair lifts and medical furniture accessories. Bathroom safety equipment is further sub-segmented into bars, handles and rails, shower chairs, raised toilet seats and commodes.
- On the basis of distribution channel, the home medical equipment market is segmented into pharmacies, retail medical stores and online retailers.
- On the basis of end users, the home medical equipment market is segmented into hospitals, home care facilities and others.
Country-Level Analysis of the Global Home Medical Equipment Market
The global home medical equipment market is analyzed and market size insights and trends are provided by country, feature, distribution channel and end users as listed above.The countries covered in the Home Medical Equipment market report are USA, Canada & Mexico North America, Germany, France, UK, Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, the rest of Europe in Europe, China, Japan. , India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Saudi Arabia, United Arab Emirates, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the home medical equipment market due to increasing instances of chronic diseases such as high blood pressure, asthma, and diabetes, established healthcare infrastructure, presence of leading manufacturers and the demand for advanced technologies. Asia-Pacific is estimated to witness growth during the forecast period 2021-2028 due to large population, improvement in healthcare sector, increase in health problems and demand for affordable systems in the region.
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The country section of the Home Medical Equipment market report also provides individual market impacting factors and regulatory changes in the country market that impact current and future market trends. Data points such as consumption volumes, production sites and volumes, import and export analysis, price trend analysis, raw material cost, value chain analysis Downstream and Upstream are some of the major indicators used to forecast the market scenario for each country.In addition, the presence and availability of global brands and the challenges they face due to significant or rare competition from local and national brands, the impact of domestic tariffs and trade routes are considered while providing a forecast analysis of national data.
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