ID: MRFR/HC/7014-HCR | February 2021 | Region: Global | 100 pages
Home Medical Equipment Market is expected to cross USD 36,189.9 Million by 2025 at a CAGR of 5.9%.
The use of technology in self-health management is rising to reduce the burden on healthcare systems. Moreover, the technological advances in-home medical equipment, along with awareness for technology among individuals for the use of medical equipment is rising the adoption of home medical equipment. The shift in the delivery of many healthcare services from traditional clinical settings to the home will increase the demand for home medical equipment. The provision of the Food and Drug Administration’s (FDA) Medical Device Home Use Initiative promises increased scrutiny of home healthcare equipment on the market. This increased scrutiny will bring out adverse publicity for manufacturers of unsafe home medical equipment and the recall of these hazardous products.
Rising coverage and favorable reimbursement policies of home medical equipment in developing and developed countries is impacting the growth of the market.
|Market Size||USD 36,189.9 Million|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Functionality and End-User|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Arkray Incorporated (Japan), Carefusion Corporation (US), Invacare Corporation (US), Medline Industries Incorporated (US), Omron Corporation (Japan), Resmed Corporation (US), Smiths Group PLC (UK), GE Healthcare (US), Hoffmann-La Roche Ltd (Switzerland), Abbott (US), Philips Healthcare (US), Stryker (US)|
|Key Market Opportunities||Rising coverage and favorable reimbursement policies of home medical equipment in developing and developed countries|
|Key Market Drivers||
Frequently Asked Questions (FAQ) :
The valuation of the global home medical equipment market is estimated to reach USD 36,189.9 MN by 2025.
The global home medical equipment market is projected to grow at approximately 5.9% CAGR during the forecast period (2019-2025).
Augmenting demand for home medical equipment for monitoring & therapeutics.
North America holds the largest share in the global home medical equipment market, followed by Europe and the Asia Pacific, respectively.
Carefusion Corporation (US), Arkray Incorporated (Japan), Invacare Corporation (US), Omron Corporation (Japan), Medline Industries Incorporated (US), Resmed Corporation (US), GE Healthcare (US), Smiths Group PLC (UK), Hoffmann-La Roche Ltd (Switzerland), Philips Healthcare (US), Abbott (US), and Stryker (US), are some of the major players operating in the home medical equipment market.
This table of content is tentative and subject to change as the research progresses.
Please Note: Financial details of company cannot be provided if the information of the company is not available in public domain and or reliable source.