Home Medical Equipment Market Estimated to Reach $32,451 million by 2023 – Novartis,Kite Pharma,GlaxoSmithKline ,Spark Therapeutics ,Bluebird bio, Genethon, Transgene, Applied Genetic Technologies, Oxford BioMedica, NewLink Genetics

The Global Home Medical Equipment Market was valued at $21,912 million in 2016, and is estimated to reach $32,451 million by 2023, registering a CAGR of 5.7% from 2017 to 2023. Home medical equipment are medical devices that offer safe, convenient, cost-effective, and suitable environment to patients within their home. The home medical equipment market has transformed during the recent few years, owing to increase in prevalence of various chronic diseases. Further, oxygen-related products in home medical equipment are gaining high adoption, due to increase in incidence of COPD (chronic obstructive pulmonary disease) cases. Numerous devices are used for patient care at home, for example, infusion pumps, wheel chair, apnea monitors, glucose meters, and cannula. For instance, glucose meters or glucometers are routinely used at home to assess the level of glucose in blood for diabetics. Further, new technologies such as needle-free diabetic care, medication administration equipment, and durable medical equipment, such as medical beds and lift chairs, propel the market growth.

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The global home medical equipment market is segmented based on 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 home respiratory therapy equipment, home IV equipment, home dialysis equipment, and other home therapeutic equipment. The market by home respiratory equipment is divided into continuous positive airway pressure equipment, oxygen delivery equipment, ventilators, nebulizers, and humidifiers. The continuous positive airway pressure equipment segment is further categorized into continuous positive airway pressure (CPAP) machines, CPAP masks & related interfaces, and CPAP accessories. The market based on oxygen delivery equipment is further segmented into oxygen concentrators, home liquid oxygen containers, oxygen cannula, and other home oxygen delivery equipment. By home IV equipment, the market is divided into IV pumps, IV administration, and IV accessories. The market on the basis of home dialysis equipment is bifurcated into home peritoneal dialysis product and home hemolysis product.

Key Benefits for Stakeholders

  • The study provides an in-depth analysis of the market with current trends and future estimations to elucidate the imminent investment pockets.
  • It offers a quantitative analysis from 2016 to 2023, which is expected to enable the stakeholders to capitalize on prevailing market opportunities.
  • Extensive analysis by product elucidates the various types of home medical equipment used for the treatment of diverse chronic diseases.
  • Comprehensive analysis of all geographical regions is provided to determine the prevailing opportunities.
  • Key players are profiled and their strategies are analyzed thoroughly to understand the competitive outlook of the global home medical equipment market.

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Table of Content:

1 Introduction
1.1 Scope of Study
2 Key Takeaways
3 Home Medical Equipment Market Landscape
3.1 Market Overview
3.2 Market Segmentation
3.3 PEST Analysis
4 Home Medical Equipment Market- Key Industry Dynamics
4.1 Key Market Drivers
4.2 Key Market Restraints
4.3 Key Market Opportunities
4.4 Future Trends
4.5 Impact Analysis
5 Home Medical Equipment Market Analysis- Global
5.1 Global Home Medical Equipment Market Overview
5.2 Global Home Medical Equipment Market Forecasts and Analysis
5.3 Market Positioning/Market Share
5.4 Performance of Key Players
5.5 Expert Opinions Home Medical Equipment Market

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Posted by on Wednesday September 11 2019, 5:00 AM EDT. All trademarks acknowledged. Filed under Biotechnology, Business Services, Diagnostics, Featured Press Release, Healthcare, Life Sciences, Medical Devices, Pharmaceuticals. Comments and Trackbacks closed. Follow responses: RSS 2.0

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