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Home Medical Equipment Report Market by Functionality: Global Opportunity Analysis and Industry Forecast, 2017-2023,

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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Home Medical Equipment Report Market by Functionality: Global Opportunity Analysis and Industry Forecast, 2017-2023,

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  1. Home Medical Equipment Market

  2. Smart Polymers Market Overview: The Global Home Medical Equipment Market was valued at $21,912 million in 2016, and is estimated to reach $32,451 million by 2023, registering a CAGR of 5.7% from 2017 to 2023. The home medical equipment market has transformed during the recent few years, owing to increase in prevalence of various chronic diseases. Further, oxygen-related products in home medical equipment are gaining high adoption, due to increase in incidence of COPD (chronic obstructive pulmonary disease) cases. Numerous devices are used for patient care at home, for example, infusion pumps, wheel chair, apnea monitors, glucose meters, and cannula. For instance, glucose meters or glucometers are routinely used at home to assess the level of glucose in blood for diabetics. Further, new technologies such as needle-free diabetic care, medication administration equipment, and durable medical equipment, such as medical beds and lift chairs, propel the market growth. Get Sample Report

  3. Functionality Segment Review The global home medical equipment market is segmented based on functionality and region. Based on functionality, it is divided into therapeutic equipment, patient monitoring equipment, and mobility assist & patient support equipment. The therapeutic equipment is further classified into home respiratory therapy equipment, home IV equipment, home dialysis equipment, and other home therapeutic equipment. Global Home Medical Equipment Market: Key Geographical Segment Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The North America accounted for the largest market share in the home medical equipment market in 2016, and is expected to retain its dominance throughout the forecast period.

  4. Key Benefits for Stakeholders • The study provides an in-depth analysis of the market with current trends and future estimations to elucidate the imminent investment pockets. • It offers a quantitative analysis from 2016 to 2023, which is expected to enable the stakeholders to capitalize on prevailing market opportunities. • Extensive analysis by product elucidates the various types of home medical equipment used for the treatment of diverse chronic diseases. • Comprehensive analysis of all geographical regions is provided to determine the prevailing opportunities. • Key players are profiled and their strategies are analyzed thoroughly to understand the competitive outlook of the global home medical equipment market.

  5. The major companies profiled in the report include Abbott Laboratories, B Braun Melsungen Ag, Baxter International Incorporated, Becton, Dickinson and Company, General Electric Company, Hill-Rom Holdings Incorporated, Johnson & Johnson, Medtronic plc, and Smith & Nephew plc. The other companies that provide home medical equipment are Arkray Incorporated, Carefusion Corporation, Invacare Corporation, Medline Industries Incorporated, Omron Corporation, Resmed Corporation, and Smiths Group plc.

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