Homecare medical equipment market expected to reach CAGR of 6.94%

Homecare Medical Equipment Market is Likely to Grow at a CAGR of 6.94% from 2018 to 2025

The global 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 2018-2025 according to Progressive Markets report, Homecare Medical Equipment Market - Size, Trend, Share, Opportunity Analysis & Forecast, 2014-2025.

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The report provides an in-depth analysis of the overall homecare medical equipment industry. It includes the research methodology used, market segmentation, market size, market forecast, market share analysis, market dynamics, value chain analysis, Porters analysis, market trends, and key player profiles. The information provided in the report is a result of an extensive research of the global homecare medical equipment market with inputs from industry experts.

The information provided in the homecare medical equipment market report assists new entrants, key market players, and investors gain insights into the market conditions and take required steps for their growth. Key findings are outlined in the study based on top impacting factors, top investment pockets, and top winning strategies. The market drivers and restraints help determine the cause of the rise and fall of the industry. The Porters Five Forces Analysis (PFFA) model includes the study of the five forces such as bargaining power of buyers, bargaining power of suppliers, the threat of new entrants, threat from substitutes, and industrial rivalry. This analysis is valuable for assessing the level of competition in the industry. Competitive landscape of the industry is provided to assist market players in understanding the level of competition in the industry and determine strategies to gain a competitive edge. Research methodology is provided on the basis of primary and secondary research methods adopted to gather and validate the data in the report.

The report offers a thorough analysis of the global homecare medical equipment market based on its segmentation. It is segmented 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 likely to garner $2,808.9 million in 2025, growing at a CAGR of 8.26% during the forecast period. This 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 Holter monitor segment is likely to grow at a CAGR of 8.07% while the coagulation monitors segment is likely to grow at a CAGR of 8.26% during the forecast period. 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 wheelchairs sector is expected to garner $1,102.5 million in 2025, growing at the rate of 8.09% during the forecast period. Geographically, the report analyzes the market across the regions such as Europe, North America, Asia-Pacific, and LAMEA. In Europe, the market is studied in Germany, France, UK, Italy, Spain, and the rest of EU. In North America, the market is analyzed across the US, Canada, and Mexico. In Asia-Pacific, the homecare medical equipment market analysis is covered for China, India, Japan, and the other parts of Asia-Pacific. In LAMEA, the market analysis is covered for the regions such as Latin America, Middle East, and Africa.

The market landscape of the global homecare medical equipment industry is explained based on the drivers and restraints. 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 industry. 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 study offers a comprehensive analysis of the key manufacturers operating in the global homecare medical equipment industry. An overview of each market player is provided in the study to assist market players, new entrants, investors, and stakeholders determine steps to be taken to achieve growth in the future. The report highlights their overview, business performance, key strategic moves & developments, and SWOT analysis in the report. Important market players studied in the report 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. Information about the players assists in assessing the competitiveness prevailing in the global market

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