Home Medical Equipment Market by Feature and Distribution Channel | Industry forecast, 2020 to 2027

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home medical equipment market

The growth of the home medical device market was driven by an increase in the incidence of chronic diseases and a significant increase in the geriatric population globally

PORTLAND, OREGON, USA, July 13, 2022 /EINPresswire.com/ — Home medical devices are medical devices that provide patients with a safe, convenient, affordable and appropriate environment in their homes. The home medical device market has changed in recent years due to the increasing incidence of various chronic diseases in the world. Then the products related to oxygen in the house.

According to a new report published by Allied Market Research, titled “home medical equipment market By Feature and Distribution Channel: Opportunity Analysis and Industry Forecast, 2020-2027,” the global home medical equipment market accounted for $30.54 billion in 2019 and is expected to reach $56.45 billion by by 2027, registering a CAGR of 6.1% from 2020 to 2027 Many devices are used for home patient care, for example, infusion pumps, wheelchairs, apnea monitors, glucometers and cannulas. For example, ordinary glucometers or glucometers are used at home to assess the blood sugar of diabetics.

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The growth of the global home medical device market is driven by an increase in the incidence of chronic diseases and a significant increase in the geriatric population globally. Additionally, technological advancements in home care medical devices such as small size, portability, and ease of access are contributing to the growth of the market. Prevents increased patient safety issues and difficulty adapting to medical equipment. The growth potential of emerging Asia-Pacific economies will provide ample opportunities for market expansion over the forecast period.

New technologies such as needle-free diabetes care, drug delivery equipment, and durable medical equipment such as medical beds and lift chairs are increasing the home medical equipment market. However, the high cost associated with these devices is expected to restrain the growth of the home medical device market. Oxygen-related products are gaining acceptance in home medical devices due to a significant increase in the incidence of Chronic Obstructive Pulmonary Disease (COPD) worldwide

Main market players:
Key companies profiled in the report are 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. 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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The growth of the global home medical device market is driven by an increase in the incidence of chronic diseases and a significant increase in the geriatric population globally. Additionally, technological advancements in home care medical devices such as small size, portability, and ease of access are contributing to the growth of the market. Prevents increased patient safety issues and difficulty adapting to medical equipment. The growth potential of emerging Asia-Pacific economies will provide ample opportunities for market expansion over the forecast period.

It is analyzed in North America, Europe, Asia-Pacific and LAMEA. In 2019, North America holds the largest home medical device market share and is expected to maintain its dominance throughout the forecast period. This leads to an increase in chronic diseases such as asthma, diabetes, high blood pressure and others in the region.

Main advantages:
• The Home Medical Equipment market analysis is based on a comprehensive analysis of key industry developments.
• Development strategies adopted by leading market players are solicited to understand the competitive scenario of the global Home Medical Equipment market.
• The study provides in-depth analysis of market trends to elucidate impending investment pockets.
• Global home medical equipment market trends are studied from 2019 to 2027.
• Information on key drivers, restraints and opportunities and their market size impact analysis is provided.
• Porter’s Five Forces analysis illustrates the power of buyers and suppliers operating in the industry.
• Quantitative analysis of the global home medical equipment market from 2020 to 2027 is provided to determine the market potential.

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Related report:
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We also offer regional and national reports:
• North America home medical equipment market
• Japanese home medical equipment market
• South Korean home medical equipment market
• Singapore home medical equipment market
• Australian home medical equipment market
• European home medical equipment market

About Us:

Allied Market Research (AMR) is a full-service market research and business consulting division of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unparalleled quality of “Market Research Reports” and “Business Intelligence Solutions”. AMR has a focused vision to provide business insights and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market area.

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David Correa
Allied Analytics LLP
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