Published April 26, 2023
“Home Medical Equipment Market”
The Global Home Medical Equipment market size reached USD 2.32 Bn in 2022 and is expected to reach USD 5.16 Bn by 2029, growing at a CAGR of 10.5 % during the forecast period.
Pune, 26, April, 2023: The report published by Maximize Market Research, on the Home Medical Equipment Market, covers an extensive regional analysis, market segments, dynamics and competitive landscape. Over the forecast period, Maximize Market Research expects, the market to grow from USD 2.32 Bn in 2022 to USD 5.16 Bn in 2029 at a CAGR of 10.5 percent.
Home Medical Equipment Market Report Scope and Research Methodology
The report majorly focuses on the Home Medical Equipment market dynamics including drivers, restraints, challenges and opportunities. This information on the market dynamics is provided region-wise and segment-wise in the Home Medical Equipment market report, which makes it an investor’s guide. Data was collected for the report by using primary and secondary research methods, which were combined to make the Home Medical Equipment market report error-free and authentic. After determining the total market size, the market was divided into various segments and sub-segments and the segments were verified through primary research by conducting in-depth interviews with the individuals holding influential positions in the Home Medical Equipment industry. The bottom-up approach was used to estimate the regional and global Home Medical Equipment market size. By using Secondary research, major Home Medical Equipment key players in the industry were identified and their revenues were determined through primary and secondary research. The secondary research includes data collection from official databases of various organizations and government sites, industry journals, white papers, annual reports and suppliers in the Home Medical Equipment industry along with paid and free databases, while primary research includes in-depth interviews with opinion leaders and industry experts.
Home Medical Equipment Market Dynamics
The factors due to which the market is growing are the increasing prevalence of chronic diseases, the increasing adoption of self-health management and the growing geriatric population. The increasing prevalence of heart rate disorders is expected to boost the market growth during the forecast period. The demand for Home Medical Equipment is also expected to increase because of the increase in stress at health care systems such as rising costs and non-satisfied assistance. The rising adoption of self-health management is also contributing to the demand for home medical equipment.
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Home Medical Equipment Market Regional Insights
The Home Medical Equipment Market in the North America region is expected to be the major market during the forecast period. The regional market is majorly growing due to the introduction of favorable policies for home care treatment.
The Asia Pacific is the second-largest region across the world in the Home Medical Equipment Market. The regional market is majorly growing due to the growing geriatric population, increasing prevalence of chronic diseases and rising number of road accidents.
Home Medical Equipment Market Segmentation
By Equipment Type
- Therapeutic Equipment
- Respiratory Therapy Equipment
- Dialysis Equipment
- Intravenous Equipment
- Other Therapeutic Equipment
- Patient Monitoring Equipment
- Conventional Monitors
- Telemedicine Patient Monitoring Equipment
- Mobility Assist and Patient Support Equipment
- Mobility Assist Equipment
- Medical Furniture
- Bathroom Safety Equipment
By Distribution Channel
- Retail Medical Stores
- Online Retailers
- Hospital Pharmacie
Home Medical Equipment Key Competitors include:
- B. Braun Melsungen AG
- Cesco Bio Products
- Fresenius Medical Care AG & Co. Kgaa
- Gf Health Products, Inc.
- Hill-Rom Holdings, Inc.
- Koninklijke Philips N.V.
- Mckesson Corp.
- Medtronic plc
- Omron Healthcare, Inc.
- Rotech Healthcare Inc.
- Siemens Healthcare GmbH
- Stryker Corp.
- Sunrise Medical (US) LLC
- 3M Co.
- Abbott Laboratories
- ARKRAY Inc.
- Baxter International Inc.
- Becton Dickinson and Co.
- Boston Scientific Corp.
- Cardinal Health Inc.
- General Electric Co.
- Home Medical Products Inc.
- Invacare Corp.
- Johnson and Johnson
- Medline Industries Inc.
- Medtronic Plc
- ResMed Inc.
- Smiths Group Plc
- Thermo Fisher Scientific Inc.
Table of Content for Home Medical Equipment Market
- Global Home Medical Equipment Market: Research Methodology
- Global Home Medical Equipment Market: Executive Summary
- Market Overview and Definitions
- Introduction to Global Market
- Key Findings
- Recommendations for Investors
- Recommendations for Market Leaders
- Recommendations for New Market Entry
- Global Home Medical Equipment Market: Competitive Analysis
- Market Structure by region
- Competitive Benchmarking of Key Players
- Consolidation in the Market
- Key Developments by Companies
- Market Drivers
- Market Restraints
- Market Opportunities
- Market Challenges
- Market Dynamics
- PORTERS Five Forces Analysis
- Regulatory Landscape by region
- North America
- Asia Pacific
- Middle East and Africa
- South America
- Global Home Medical Equipment Market Segmentation
- Global Market, by Equipment Type (2021-2029)
- Global Market, by Distribution Channel (2021-2029)
- Regional Home Medical Equipment Market (2021-2029)
- Regional Market, by Equipment Type (2021-2029)
- Regional Market, by Distribution Channel (2021-2029)
- Regional Market, by Country (2021-2029)
- Company Profile: Key players
- Company Overview
- Financial Overview
- Global Presence
- Capacity Portfolio
- Business Strategy
- Recent Developments
Get the Sample PDF of Report: https://www.maximizemarketresearch.com/request-sample/185659
Key questions answered in the Home Medical Equipment Market are:
- What is the expected Home Medical Equipment Market size by 2029?
- What was the Home Medical Equipment market size in 2023?
- What is the expected CAGR of the Home Medical Equipment market during the forecast period?
- What factors are driving the Home Medical Equipment market growth?
- What are the major challenges that the Home Medical Equipment Market could face in the future?
- What factors are providing growth opportunities for the Home Medical Equipment Market?
- Who is the Home Medical Equipment leading players?
- Which region held the largest Home Medical Equipment market share?
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by Equipment Type, Distribution Channel and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
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About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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