Press release
Home Medical Equipment Market Size Set for Exponential Growth, Predicted to Surpass USD 56.45 billion by 2027
Home Medical Equipment Market
What are the Driving Factors Of Home Medical Equipment Market?
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.
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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:-
By Product type:
• Mobility aids (wheelchairs, walkers, crutches, etc.)
• Monitoring and diagnostic equipment (blood glucose monitors, blood pressure monitors, etc.)
• Therapeutic equipment (oxygen therapy equipment, nebulizers, CPAP machines, etc.)
• Home healthcare furniture (hospital beds, lift chairs, etc.)
• Personal emergency response systems (PERS)
By End-user
• Elderly patients
• Patients with chronic diseases
• Patients with disabilities
• Patients with respiratory disorders
• Patients with cardiovascular diseases
• Others
By Distribution channel
• Direct-to-customer sales
• Retail pharmacies and drug stores
• Online channels
• Others
By region, North America accounted for the largest market share in the home medical equipment market in 2021 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 the benefits of homecare medical devices.
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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)
Contact Details:
David Correa
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022
help@alliedmarketresearch.com
About Us
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 domain.
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