- Size, Trend, Share, Opportunity Analysis & Forecast, 2014-2025
Progressive Markets published a report, Homecare Medical Equipment Market - Size, Trend, Share, Opportunity Analysis & Forecast, 2014-2025, which says that the market was valued at $19,628.1 million in 2014 and is likely to garner $39,202.4 million by 2025, growing at a CAGR of 6.94% during the forecast period 2014 to 2025.
Homecare medical equipment are medical devices that are intended for use in homes. They provide a safe, convenient, and suitable environment to patients within their homes. A variety of these devices are used on patients. Some of them include infusion pumps, wheelchair, glucose meters, and apnea monitors. Glucose meters are used to assess the level of glucose in the blood of diabetics. Infusion pumps are medical devices used to deliver fluids into a patient's body in a controlled way. Apnea monitors are machines that detect an infants breathing and heart rate.
Market Drivers and Restraints:
The homecare medical equipment market is making rapid strides and several factors are responsible for this. The rise in prevalence of various chronic diseases, increase in the geriatric population, and technological advancements are expected to provide opportunities for the growth of the homecare medical equipment market. On the other hand, limited expertise for home-based users and complications associated with the use of medical equipment act as impediments to the growth of the market.
The report provides a detailed analysis of the homecare medical equipment market segmentation based on the functionality and geography. By functionality, the market is divided into therapeutic equipment and mobility assist & patient support equipment. The therapeutic equipment segment is further divided into home respiratory therapy equipment, home IV equipment, home dialysis equipment, other home therapeutic equipment, and patient monitoring equipment. The home respiratory therapy equipment segment is again divided into continuous positive airway pressure equipment, oxygen delivery equipment, ventilators, nebulizers, and humidifiers. The continuous positive airway pressure equipment segment is bifurcated into CPAP machines, CPAP masks & related interfaces, and CPAP accessories. The oxygen delivery equipment segment is divided into oxygen concentrators, home liquid oxygen containers, oxygen cannula, and other home oxygen delivery equipment. The home IV equipment segment is divided into IV pumps, IV administration, and IV accessories. The home dialysis equipment segment is classified as home peritoneal dialysis product and home hemolysis product. The other home therapeutic equipment segment is divided 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. The patient monitoring equipment segment is divided into blood glucose monitors, blood pressure monitors, holter monitors, peak flow monitors, apnea monitors, heart rate monitors, baby monitors, electronic thermometers, and coagulation monitors. The mobility assist & patient support equipment segment includes the mobility assist equipment, which is again divided into wheelchairs, mobility scooters, walking assist devices medical furniture, and bathroom safety equipment. The wheelchair segment is divided into manual wheelchair and powered wheelchair. The walking assist devices segment is divided into walker and rollators, canes and walking sticks, and crutches. The medical furniture segment is divided into lift chairs, medical beds, stirs lifts, and medical furniture accessories. The bathroom safety equipment segment is divided into bars, grips & rails; shower chairs; elevated toilets seats; and commodes. Geographically, the report analyzes the market across North America, Europe, Asia-Pacific, and LAMEA. In North America, the market is analyzed across the US, Canada, and Mexico. In Europe, the market is studied in Germany, France, UK, Italy, Spain, and the rest of EU. In Asia-Pacific, the homecare medical equipment market analysis is covered for China, India, Japan, and the rest of Asia-Pacific. In LAMEA, the market analysis covers Latin America, Middle East, and Africa.
Key Market Players:
The report identifies the key players operating in the homecare medical equipment market. The key players include Abbott Laboratories, 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.
Key Benefits from the Report:
The homecare medical equipment market report offers an in-depth analysis of the industry, which encompasses the homecare medical equipment market size, homecare medical equipment market share, market dynamics, homecare medical equipment industry statistics, Porters Five Forces analysis, emerging market players, key market segments, homecare medical equipment market trends, homecare medical equipment market outlook, and information about the major competitors. An extensive primary and secondary research methodology has been used to gather and validate the information in the report. The statistics and graphs add credibility to the data in the report. The market size helps analyze the volume of the market. The market dynamics helps understand the factors that make the market rise or fall. The Porters Five Forces Analysis includes the five forces that determine the level of competition within the global homecare medical equipment industry. The homecare medical equipment market forecast (2018-2025) is provided for the all the segments and geographical regions mentioned. This information is based on the past and current market trends. The report offers key information about the leading market players. Such information assists players, new entrants, and investors gain insights into the overall competitive structure and accordingly plan their business ventures. The market studied across several regions helps in identifying the opportunities offered by the market.
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