Home Medical Equipment Market On Position to Cross $41,259 Million by 2026
Home care medical equipment are intended for use in any environment outside a professional healthcare setup such as hospitals and clinics. This equipment can be used for both the prevention and treatment of various chronic diseases such as asthma, respiratory disorders, diabetes, heart failure, and arthritis. Significant rise in prevalence of the chronic diseases such as asthma, COPD, and others has enhanced the demand for these devices.
A variety of home medical equipment are being used by the patients such as therapeutic equipment, patient monitoring equipment and mobility assist & patient support equipment. Manufacturers are continuously focusing toward increasing their homecare medical equipment product portfolio. For instance, Smith & Nephew launched new PICO 7 negative pressure wound therapy system in Europe.
Click Here To Access Free Sample Report: https://www.alliedmarketresearch.com/request-sample/4424
Recently, new technologies that provide proper compliance to the patient are being developed. The market for home medical equipment is expected to witness a significant growth during the forecast period due to advancements in technology and increase in prevalence of chronic diseases such as chronic obstructive pulmonary disease, diabetes, arthritis, dementia, asthma, and neurodegenerative ailments. With the rise in aging population, the cases of chronic diseases are expected to increase the demand for mobility assisted devices, which is expected to drive the market growth.
However, high cost of the home medical equipment is anticipated to hamper the market growth. The therapeutic equipment segments dominated the global homecare medical equipment market, and is expected to continue its dominance throughout the forecast period. Among the therapeutic equipment segment, the home dialysis equipment segment is the largest contributor toward the market growth and home respiratory therapy equipment segment is anticipated to be a lucrative market due to the positive results for these homecare equipment preferences over other medical equipment.
Among the functionality segment, mobility assist & patient support equipment segment is expected to be the fastest growing segment to contribute toward the market growth in 2018 and is expected to be a lucrative market due to high prevalence rate of chronic diseases and technological advancements in the area of home medical equipment.
For Purchase Enquiry at: https://www.alliedmarketresearch.com/purchase-enquiry/4424
Key Findings of the Study:
o The mobility assist & patient support equipment segment is projected to grow at the highest rate during the analysis period.
o Japan generated the highest revenue, and is expected to continue its dominance in the future in the Asia-Pacific region.
o North America dominated the global home medical equipment market, and is projected to continue its dominance in future.
o Among the mobility assist & patient support equipment segment, wheelchairs are expected to grow at the highest CAGR.
o Asia-Pacific is expected to be the fastest growing segment.
In 2018, North America accounted for maximum contribution to the total revenue and is expected to lead during the forecast period, owing to the high prevalence of chronic diseases and increase in investment for R&D activities in the field of home medical equipment. However, Asia Pacific is expected to witness the highest CAGR during the analysis period, attributable to rise in prevalence rate of chronic diseases, increase in government initiatives to improve healthcare infrastructure, and rise in healthcare expenditure to improve the medical health of the masses in the region.
The major companies profiled in the report include Abbott Laboratories, B Braun Melsungen Ag, Baxter International Incorporated, Becton, Dickinson and Company, General Electric Company, Hill-Rom Holdings Incorporated, Johnson & Johnson, Medtronic plc, and Smith & Nephew plc. The other companies that provide home medical equipment are Arkray Incorporated, Carefusion Corporation, Invacare Corporation, Medline Industries Incorporated, Omron Corporation, Resmed Corporation, and Smiths Group plc.
5933 NE Win Sivers Drive
#205, Portland, OR 97220
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022, +1-503-446-1141
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Follow Us on LinkedIn:https://www.linkedin.com/company/allied-market-research
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Home Medical Equipment Market On Position to Cross $41,259 Million by 2026 here
News-ID: 2006107 • Views: 161
More Releases from Allied Market Research
Umbrella Market 2020 to Witness a Pronounce Growth During COVID-19 Crisis with D …
Umbrella also is known as parasol is an object used for protection against rain and sunlight. Umbrellas are usually designed for protection from rain whereas parasol is specifically designed and used to block the sunlight. Umbrellas are hand-held portable devices which come in different sizes, shapes, colors, and designs. These have been used since the seventeenth century and are considered as an essential accessory by most of the people. Canopy,
Forage Seed Market Size, Industry Analysis by Leading Key Players, Development a …
The global Forage Seed Market was valued at $11,683 million in 2015 and is projected to reach $20,646 million by 2022, growing at a CAGR of 8.50% from 2016 to 2022. In 2015, the alfalfa product segment held approximately more than one-fourth of the total market. Forage seeds are the edible parts of plants widely utilized for livestock feeding. Alfalfa, clover, chicory, ryegrass, lablab, and fescue are some of the popular
Cake Stand Market Expected To Be The Most Attractive Market During Upcoming Year …
A cake stand is a stool or an object that is used to decorate cakes or pastries. A cake stand can be single, double, and multi-tier based on occasion like birthday’s, weddings, and office parties. Cake stands can be of different sizes, shapes, and materials like wood, metal, and others. A cake stand works as a tool for making and displaying a cake in a better way. A cake stand
Boutique Fitness Market Size, Share, Scope, Growth, Demand and Future Potential …
Boutique fitness center is a small gym, which focuses on exercise in groups and is specific in one or two fitness areas. Boutique fitness is preferred by the millennials due to availability of experienced trainer, small batch size, and the environment of similar minded people. Meeting similar minded people with same goal,performing similar activities, and same routine enhances socialization, and creates an energetic atmosphere. These small gyms have small areas
More Releases for Medical
Medical Gloves Market
https://www.qandqmarketresearch.com/reports/7563357/medical-gloves-market-98 The global Medical Gloves market is valued at million US$ in 2018 and will reach million US$ by the end of 2025, growing at a CAGR of during 20192025. The objectives of this study are to define, segment, and project the size of the Medical Gloves market based on company, product type, end user and key regions. This report studies the global market size of Medical Gloves in key regions like
Medical Simulation Market -
Medical Simulation Market by Product & Service, Fidelity, and End User: Global Opportunity Analysis and Industry Forecast, 2017-2023," the global medical simulation market was valued at $986 million in 2016, and is projected to reach $2,526 million by 2023, growing at a CAGR of 14.3% from 2017 to 2023. By product & service, the model-based simulation held more than half of the global medical simulation market in 2016. Access Full Summary
Global Embolization Particle Industry 2018 - Sirtex Medical, Merit Medical, Cook …
The Global Embolization Particle Industry 2018 Market Research Report is a professional and in-depth study on the current state of the Embolization Particle industry. Firstly, Embolization Particle Market report provides a basic overview of the Embolization Particle industry including definitions, classifications, applications and Embolization Particle industry chain structure. Global Embolization Particle Market analysis is provided for the international market including development history, Embolization Particle industry competitive landscape analysis, and major regions
Medical Power Market Medical Power Market
This report studies Medical Power in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2012 to 2016, and forecast to 2022. Request for discount @ https://www.researchtrades.com/discount/1445183 This report focuses on top manufacturers in global market, with production, price, revenue and market share for each manufacturer, covering Astrodyne TDI (US) CUI Inc. (US) Delta Electronic, Inc (TW) Excelsys
Medical Ventilators – Medical Devices Pipeline Assessment, 2017
ReportBazzar has released its latest research-based report entitled ‘Medical Ventilators’ market. This report provides a holistic approach to the market growth with a detailed and precise analysis of the overall competitive scenario of the Medical Ventilators market. The report also provides a detailed analysis of key trends and latest technologies, playing a prominent role in the Medical Ventilators market growth. It takes into account aspects such as drivers, restraints, challenges, and
Global Medical Manifolds Market 2017 : Fresenius Kabi, ICU Medical, Demax Medica …
Medical Manifolds A market study based on the " Medical Manifolds Market " across the globe, recently added to the repository of Market Research, is titled ‘Global Medical Manifolds market 2017’. The research report analyses the historical as well as present performance of the worldwide Medical Manifolds industry, and makes predictions on the future status of Medical Manifolds market on the basis of this analysis. Get Free Sample Copy of