Global Home Healthcare Devices Market

Global Home Healthcare Devices Market – Industry Analysis and Forecast (2018-2026) –By Device Type, Services, Distribution Channel, End User, and Region.

Global Home Healthcare Devices Market size was valued at US$ 219.8 Bn in 2017 and is expected to reach US$ 412.3 Bn by 2026 to exhibit a CAGR of 8.18 % during a forecast period.

Home healthcare is a growing sustainable option being chosen by patients owing to growing healthcare costs and the increasing geriatric population. Home healthcare provides a wide range of services containing physical therapy, speech therapy, occupational therapy, and skilled nursing. Home healthcare is providing digitization of data, which is made services simpler for patients to contact physicians & clinicians and gain an accurate diagnosis from the comforts of their home.

Continuous technology development by various companies operating in the global home healthcare devices is expected to boost the growth of the market during the forecast period. Additionally, companies offering home healthcare devices are adopting a strategy by growing collaboration and launching a new type of home healthcare devices in order to provide the developing & unmet demand amongst customers. However, some factors that are expected to hinder the growth of global home healthcare devices market contain high cost of devices, and insufficient insurance coverage.

The therapeutics devices are the highest growing segment in device type, which includes insulin, nebulizers, and ventilators devices. Therapeutics is the branch of medicine, which deals specifically with the treatment of disease. Infusion therapy is expected to gain market share during the forecast period, owing to growing demand for enteral & parenteral nutrition. Infusion therapy includes the administration of medication through a needle & catheter. Infusion therapy is prescribed when a patient's situation is not so simple, that it cannot be treated effectively through oral medications.

North America is expected to grow at the highest revenue in the global home healthcare devices market, owing to the high technological advancement & medical infrastructure, and high disposable income in the North America region. Furthermore, key players operating in North America are offering expanded home healthcare devices in order to provide the huge customer base. The Asia Pacific is growing significantly over the forecast period, because of the driven economy, rising populace and expanding rates of constant diseases. Moreover, high accessibility to prepared work is also expected to rise the development of the global home healthcare devices market during the forecast period.

The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding global home healthcare devices market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address questions of shareholders to prioritizing the efforts and investment in near future to emerging segment in home healthcare devices market.

The Scope of Global Home Healthcare Devices Market:

Global Home Healthcare Devices Market, By Device Type:

• Diagnostics & Monitoring Home Healthcare Devices
• Therapeutics Home Healthcare Devices
• Home Mobility Assist Devices
• Medical Supplies
• Others

Global Home Healthcare Devices Market, By Services:

• Rehabilitation services
• Tele-health & Tele-medicine services
• Infusion Therapy
• Respiratory Services
• Others

Global Home Healthcare Devices Market, By Distribution Channel:

• Offline Channel
• Online Sales

Global Home Healthcare Devices Market, By End User:

• Hospitals & Clinics
• Home Care
• High

Global Home Healthcare Devices Market, By Region:

• North America
• Europe
• Middle East & Africa
• Asia Pacific
• South America

The Key Players Operating In the Global Home Healthcare Devices Market:

• Zimmer Biomet
• Siemens Healthineers
• Philips Healthcare
• Stryker
• Medtronic
• Drive Medical
• Permobil
• AirSep
• Handicare International
• TiLite
• Merck & Co.
• 3M Health Care
• Bayer AG
• Abbott Laboratories
• Cardinal Health, Inc.
• GE Healthcare
• Invacare Corporation
• F. Hoffmann-La Roche Ltd.
• Phillips Healthcare
• Omron Healthcare, Inc.

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