Home Medical Equipment Market Opportunies By Key Vendors AstraZeneca, B. Braun Melsungen AG, Baxter, GE Healthcare, F. Hoffmann-La Roche Ltd, Stryker, Sunrise Medical LLC, ResMed

Increasing consumer awareness about the convenience and cost effectiveness of deploying such products, increase in the patient preference for home-based care, rising insured population as a result of the Affordable Care Act, technological advancements such as wearable devices, tele health, mobile health applications, etc. further spur growth of the market.

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Additionally, if their daily work duties requires them to provide care for multiple patients, they may face hazards on the road as they drive from home to home, these are some of the main factors projected to inhibit growth of this market during the forecast period. The U.S. FDA has regulated medical devices used by consumers at home in the same way it regulates all other medical devices. However, in recognition of the growing number of potential safety issue regarding the use of home healthcare equipment, the FDA announced plans to provide closer oversight of home healthcare equipment in the United States in April 2010.

Changing reimbursement policies, risk to safety, limited insurance coverage, and health of home healthcare worker, and growing patient safety concerns such as home healthcare worker have less control over their work environment that may contain a number of safety and health hazards. These hazards which may include ergonomic hazards, bloodborne pathogens and biological hazards, latex sensitivity, from patient lifting, hostile animals violence, and unhygienic and dangerous conditions.

Furthermore, technological innovation have led to development of advancement products which would augment growth of the market. In the global home medical equipment industry, an increasing number of mergers and acquisitions and new product launches are the latest trends that have been observed in the recent past.

Key players operating in the global home medical equipment market are AstraZeneca, B. Braun Melsungen AG, Baxter, GE Healthcare, F. Hoffmann-La Roche Ltd, Stryker, Sunrise Medical LLC, ResMed, Philips Healthcare., Medline Industry, CareFusion Corporation, and Abbott Laboratories.

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Home Medical Equipment Market

On the basis of product type, the global market is segmented into:

Home Tests and Patient Monitoring Equipment
Home Therapeutic Equipment
Patient Support Equipment

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