Home Medical Equipment Trends and Forecast
The future of the global home medical equipment market looks promising with opportunities in the pharmacy, retail medical store, and online retailer markets. The global home medical equipment market is expected to grow with a CAGR of 6.5% from 2024 to 2030. The major drivers for this market are high prevalence of chronic diseases, growth of geriatric population across the globe, and high need for self-health management.Home Medical Equipment by Segment
The study includes a forecast for the global home medical equipment by equipment type, distribution channel, and region.Home Medical Equipment Market by Equipment Type [Shipment Analysis by Value from 2018 to 2030]
- Therapeutic Equipments
- Patient Monitoring Equipments
- Mobility Assist and Patient Support Equipments
Home Medical Equipment Market by Distribution Channel [Shipment Analysis by Value from 2018 to 2030]
- Pharmacies
- Retail Medical Stores
- Online Retailers
Home Medical Equipment Market by Region [Shipment Analysis by Value from 2018 to 2030]
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Home Medical Equipment Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies home medical equipment companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the home medical equipment companies profiled in this report include-- Rotech Healthcare
- Abbott
- B Braun
- Baxter
- Becton
- Dickinson & Company
- Medtronic
- Ge Healthcare
Home Medical Equipment Market Insights
The publisher forecasts that therapeutic equipment will remain the largest segment over the forecast period due to growing adaption of therapeutic products for home care including home respiratory therapy products and ventilators..Within this market, retail medical stores will remain the largest segment due to it’s wide availability in both the urban and rural areas and it also becomes easy for patients to pick up their prescriptions and other medical supplies.
North America will remain the largest region over the forecast period due to high presence of well-established healthcare infrastructure along with growing healthcare spending in the region.
Features of the Global Home Medical Equipment Market
- Market Size Estimates: Home medical equipment market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Home medical equipment market size by equipment type, distribution channel, and region in terms of value ($B).
- Regional Analysis: Home medical equipment market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different equipment types, distribution channels, and regions for the home medical equipment market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the home medical equipment market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for home medical equipment market?Answer: The global home medical equipment market is expected to grow with a CAGR of 6.5% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the home medical equipment market?
Answer: The major drivers for this market are high prevalence of chronic diseases, growth of geriatric population across the globe, and high need for self-health management.
Q3. What are the major segments for home medical equipment market?
Answer: The future of the home medical equipment market looks promising with opportunities in the pharmacy, retail medical store, and online retailer markets.
Q4. Who are the key home medical equipment market companies?
Answer: Some of the key home medical equipment companies are as follows:
- Rotech Healthcare
- Abbott
- B Braun
- Baxter
- Becton
- Dickinson & Company
- Medtronic
- Ge Healthcare
Answer: The publisher forecasts that therapeutic equipment will remain the largest segment over the forecast period due to growing adaption of therapeutic products for home care including home respiratory therapy products and ventilators..
Q6. In home medical equipment market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period due to high presence of well-established healthcare infrastructure along with growing healthcare spending in the region.
Q7. Do we receive customization in this report?
Answer: Yes,the publisher provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the home medical equipment market by equipment type (therapeutic equipments, patient monitoring equipments, and mobility assist and patient support equipments), distribution channel (pharmacies, retail medical stores, and online retailers), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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Table of Contents
1. Executive Summary
2. Global Home Medical Equipment Market: Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned
- Rotech Healthcare
- Abbott
- B Braun
- Baxter
- Becton
- Dickinson & Company
- Medtronic
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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