Home Medical Equipment Market 2023 Expected to Reach Record Highs in Response to Growing Healthcare Needs

Allied Market Research has published a study report with the title Home Medical Equipment Market Size was accounted for USD 30.54 billion in 2019, and it is estimated to surpass around USD 56.45 billion by 2027, registering a CAGR of 6.1% from 2020 to 2027. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chains, regional landscape, and competitive scenario. The report is a helpful source of information for leading market players, new entrants, investors, and stakeholders in devising strategies for the future and taking steps to strengthen their position in the market.

Home Medical Equipment (HME) refers to a wide range of medical devices, equipment, and supplies that are designed for use in the home setting to help individuals manage their health conditions and maintain their independence. HME can include everything from mobility aids, such as walkers and wheelchairs, to respiratory equipment, such as oxygen concentrators and nebulizers, to monitoring devices, such as blood glucose meters and blood pressure monitors.

Rise in geriatric population, increase in incidence of various chronic diseases, and advancement in technology in the area of home equipment may play a crucial role in the growth of the market. Further, the adoption of medical equipment at home also reduces the cost factor which further assists growth.

𝐆𝐞𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐑𝐞𝐩𝐨𝐫𝐭 𝐰𝐢𝐭𝐡 𝐆𝐫𝐚𝐩𝐡𝐬 𝐚𝐧𝐝 𝐅𝐢𝐠𝐮𝐫𝐞𝐬 𝐇𝐞𝐫𝐞:
https://www.alliedmarketresearch.com/request-sample/4424

Key Benefits For Stakeholders

• The home medical equipment market analysis is based on a comprehensive analysis of key developments in the industry.
• The development strategies adopted by key market players are enlisted to understand the competitive scenario of the global home medical equipment market.
• The study provides an in-depth analysis of the market trends to elucidate the imminent investment pockets.
• The global home medical equipment market trends are studied from 2022 to 2032.
• Information about key drivers, restrains, and opportunities and their impact analysis on the market size is provided.
• Porter's five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
• The quantitative analysis of the global home medical equipment market from 2022 to 2032 is provided to determine the market potential

𝐓𝐨𝐩 𝐇𝐨𝐦𝐞 𝐌𝐞𝐝𝐢𝐜𝐚𝐥 𝐄𝐪𝐮𝐢𝐩𝐦𝐞𝐧𝐭 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬

• Philips Healthcare
• Medtronic
• Abbott Laboratories
• B. Braun Melsungen AG
• Cardinal Health
• Hill-Rom Holdings
• Invacare Corporation
• Drive DeVilbiss Healthcare
• ResMed Inc.
• Smiths Medical

𝐇𝐨𝐦𝐞 𝐌𝐞𝐝𝐢𝐜𝐚𝐥 𝐄𝐪𝐮𝐢𝐩𝐦𝐞𝐧𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐬𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐜𝐚𝐧 𝐛𝐞 𝐝𝐨𝐧𝐞 𝐛𝐚𝐬𝐞𝐝 𝐨𝐧 𝐬𝐞𝐯𝐞𝐫𝐚𝐥 𝐟𝐚𝐜𝐭𝐨𝐫𝐬, 𝐢𝐧𝐜𝐥𝐮𝐝𝐢𝐧𝐠:

By Product Type

• Respiratory Equipment: Oxygen concentrators, nebulizers, CPAP machines, ventilators, and others.
• Mobility Aids: Wheelchairs, mobility scooters, walkers, and canes.
• Home Infusion Therapy Equipment: IV pumps, catheters, and others.
• Monitoring Devices: Blood glucose meters, blood pressure monitors, pulse oximeters, and others.
• Bathroom Safety Equipment: Grab bars, shower chairs, and others.

By End User:

• Patients: Individuals who require home medical equipment to manage their health conditions.
• Caregivers: Family members, friends, or hired professionals who assist patients with their medical needs.
• Healthcare Providers: Doctors, nurses, and other healthcare professionals who prescribe or recommend home medical equipment for their patients.

By Distribution Channel:

• Retail Pharmacies: Physical stores that sell home medical equipment to customers.
• E-commerce Platforms: Online marketplaces where customers can purchase home medical equipment.
• Home Healthcare Providers: Companies that provide home healthcare services and equipment to patients.

By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America accounted for the largest market share in the home medical equipment market in 2022 and is expected to retain its dominance throughout the forecast period. This is attributed to the surge in chronic diseases such as asthma, diabetes, high blood pressure, and others in this region.

However, Asia-Pacific is anticipated to grow at the fastest rate during the forecast period owing to surge in disposable income, rise in awareness among people toward benefits of homecare medical devices.

𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.alliedmarketresearch.com/purchase-enquiry/4424

Our Market Research Solution Provides You Answer to Below Mentioned Question:

• Which are the driving factors responsible for the growth of market?
• Which are the roadblock factors of this market?
• What are the new opportunities, by which market will grow in coming years?
• What are the trends of this market?
• Which are main factors responsible for new product launch?
• How big is the global & regional market in terms of revenue, sales and production?
• How far will the market grow in forecast period in terms of revenue, sales and production?
• Which region is dominating the global market and what are the market shares of each region in the overall market in 2022?
• How will each segment grow over the forecast period and how much revenue will these segments account for in 2030?
• Which region has more opportunities?

By Region Outlook

• North America
(U.S., Canada, Mexico)
• Europe
(Germany, France, UK, Italy, Spain, Rest of Europe)
• Asia-Pacific
(Japan, China, India, Rest of Asia-Pacific)
• LAMEA
(Brazil, Saudi Arabia, South Africa, Rest of LAMEA)

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