Press release
Home Medical Devices Market Trends, COVID-19 Impact, Business Opportunities, Strategies, Key Players Analysis and Forecast 2028 | GE Healthcare, Invacare Corporation
North America Home Medical Devices Market
The North America home medical devices market is segmented into the US, Canada, and Mexico. The US held the largest share of the North American home medical devices market in 2020. The growth can be attributed to growing awareness among the population for home medical devices, increasing adoption of advanced medical devices, technological advancements and rising emphasis on improving treatment outcomes are projected to accelerate the growth of the medical devices market.
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Leveraging growth of associated services for home care settings; technological developments are allowing the growth of associated services such as home care jobs, service delivery, and consumer outcomes. Also, the technological developments for the medical devices are providing opportunities to expand access and training for home care workers and improve their learnings.
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Major Key players covered in this report:
• Abbott
• B. Braun Melsungen AG
• Baxter International Inc
• F. HOFFMANN-LA ROCHE LTD
• GE Healthcare
• Invacare Corporation
• Johnson and Johnson Services, Inc.
• Koninklijke Philips N.V.
• Medline Industries, Inc
• Medtronic
NORTH AMERICA HOME MEDICAL DEVICES MARKET SEGMENTATION
North America Home Medical Devices Market, by Functionality
• Testing, Screening and Monitoring Equipment
• Therapeutic Products
• Biofeedback Instruments
• Electrical Stimulation Devices
• Muscle Stimulators
North America Home Medical Devices Market, by Services
• Skilled Nursing Services
• Rehabilitation Therapy Services
• Hospice and Palliative Care Services
• Respiratory Therapy Services
• Infusion Therapy Services
• Pregnancy Care Services
• Unskilled Care Services
North America Home Medical Devices Market, by Distribution Channel
• Hospital Pharmacies
• Retail Pharmacies
• Online Retailers
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North America has been witnessing a growing number of COVID-19 cases since its outbreak. For instance, according to Worldometer, the number of cases increased to 30,081,657, with 547,234 deaths reported in the US as of March 22, 2021. The cases are also increasing in Mexico and Canada. In Mexico, the cases have reached 2,166,290, with 194,710 deaths. Similarly, in Canada, there are about 909,157 COVID cases, with 22,463 deaths reported so far. The chaotic situation created in the medical industry across countries increased the demand for diagnosing and therapeutic devices in hospitals. For instance, the demand for ventilators, nebulizers, respirators, and in vitro diagnostic (IVD) tests has risen drastically in hospitals across the countries.
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