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Home Healthcare Equipment Market Segments, Opportunity, Growth and Forecast by End-use Industry 2023-2032
Home Healthcare Equipment Global Market
The Business Research Company's Home Healthcare Equipment Global Market Report 2023 identifies the rise in the ageing population as the major driver for the Home Healthcare Equipment market's growth in the forecast period. The rise in the ageing population is expected to propel the growth of the home healthcare equipment market going forward. Ageing population refers to an increase in the proportion of elderly people due to changes in the age structure of a population. This demographic shift has resulted in an increase in the number and proportion of people over the age of 60. Home healthcare equipment helps the ageing population gain control over their bodies, enhance their strength, prevent injuries, and treat common illnesses and disorders without having to visit the doctor on a regular basis.
The global home healthcare equipment market size is expected to grow from $31.99 billion in 2022 to $34.44 billion in 2023 at a compound annual growth rate (CAGR) of 7.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The home healthcare equipment market size is expected to grow to $45.8 billion in 2027 at a CAGR of 7.4%.
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Major competitors in the Home Healthcare Equipment market are LifeScan Inc., Microlife Corporation, A&D Company Limited, Abbott Laboratories, Roche Healthcare, Panasonic
A key trend in the Home Healthcare Equipment market includes technological advancement. Companies operating in the home healthcare equipment market are adopting new technologies to sustain their position in the market. For instance, in October 2022, CommScope, a US-based network infrastructure provider, launched the HomeSight system for healthcare and homecare. This system integrates a TV-connected smart camera with an edge computer, a robust cloud service for data transfer and device administration, environmental sensors, and an LTE connectivity module for households without broadband access or as a backup connection. This enhanced end-user experience improves patient availability, engagement, and uptake of care services, while minimising the need for in-person appointments or visits.
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The Home Healthcare Equipment market is segmented -
• By Product: Blood Glucose Monitor, Blood Pressure Monitor, Rehabilitation equipment, Other Product
• By Service: Rehabilitation, Infusion Therapy, Unskilled Care, Respiratory Therapy, Pregnancy Care, Skilled Nursing, Hospice and Palliative Care
• By Application: Diagnostics and Monitoring, Therapeutics, Care and Rehabilitation, Other Application
• By End User: Hospitals or Clinics or Diagnostic Lab, Research and Development Centre, Home Care Settings
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Home Healthcare Equipment market.
The Business Research Company's "Global Home Healthcare Equipment Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Home Healthcare Equipment Market Include:
1. Executive Summary
2. Home Healthcare Equipment Market Characteristics
3. Home Healthcare Equipment Market Trends And Strategies
4. Home Healthcare Equipment Market - Macro Economic Scenario
5. Home Healthcare Equipment Market Size And Growth
……
27. Home Healthcare Equipment Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Home Healthcare Equipment Market
29. Home Healthcare Equipment Market Future Outlook and Potential Analysis
30. Appendix
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