Global Home Medical Equipment Market 2019-2025
発行: Orion Market Research Pvt Ltd
Global Home Medical Equipment
Market Size, Share & Trends Analysis Report by Type (Diagnostic and Monitoring Device, Therapeutic Devices, and Mobility Care Devices) and Forecast 2019-2025.
The global home medical equipment market is projected to grow at a significant rate during the forecast period. The market growth is backed by the rising prevalence of various chronic diseases and technological advancements in the diagnostic and monitoring devices across the globe. The demand for medical devices that can be used in the home care setting is increasing significantly over the past decade. It comprises many different medical services available at home, including home health, hospice care, caregiver services, and palliative care. The companies and hospitals are concentrating on the development of home care facilities and developing customized products as per the patient's demand. Furthermore, the need for affordable healthcare treatment options is estimated to augment market growth during the forecast period. However, lack of homecare workers and limited insurance coverage are some of the restraining factors in the market. Moreover, growing awareness towards diagnosis and treatment for various chronic diseases coupled with increasing government awareness programs are anticipated to offer an opportunistic growth to the global market in near future.
Geographically, the global home medical equipment market is classified into North America, Europe, Asia-Pacific, and Rest of the World. North America accounts to hold a significant market share in the global market. The high disposable income coupled with healthcare expenditure for advanced medical devices is some of the prime factors contributing to the growth of the market in the region. Moreover, Asia-Pacific is estimated to propel with considerable market growth in the global market. This growth is accredited to the increasing awareness of chronic diseases in emerging economies, such as China and India.
The global home medical equipment market is driven by product development and advancements conducted by the market players. The key players functioning in the global home medical equipment market include Abbott Laboratories Inc., L'AIR LIQUIDE S.A., Becton, Dickinson and Co., F. Hoffmann-La Roche Ltd., and General Electric Co. The other market players include B. Braun Melsungen AG, Bayer AG, Invacare Corp., Koninklijke Philips N.V., McKesson Corp., Medtronic PLC, and Omron Healthcare, Inc. These players are playing a significant role in the growth of the home medical equipment market by providing various products and adopting several strategies such as a merger and acquisition, partnerships, collaboration; among other strategies.
The market study of the global home medical equipment market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.
The report is intended for a healthcare service provider, research institutes, investing companies, government organizations for overall market analysis and competitive analysis. The report provides an in-depth analysis of the market size and growth opportunities. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.