The 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.

Home Medical Equipment Market Overview:

Home Medical Equipment The Market research report explores and evaluates the Market's position during the predicted period. It is in-depth study that focuses on fundamental and secondary drivers, Market dominance, key segments, and geographic analysis. The research also looks at notable individuals, large collaborations, mergers, and acquisitions, as well as contemporary innovation and corporate strategy.

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Market Scope:

We examined the Home Medical Equipment Market from every angle conceivable, including both primary and secondary research approaches. This improved our grasp of current Market dynamics such as supply-demand imbalances, pricing trends, product preferences, and consumer behaviour. Following that, the data is collated and evaluated utilizing a variety of Market estimation and data validation procedures. In addition, we have an in-house data forecasting engine that predicts Market growth until 2029.

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Home Medical Equipment Segmentation:

The therapeutic home medical equipment segment had the highest revenue share, or 26.2%, of any equipment type in 2022. As the need for in-home healthcare solutions has grown, the therapeutic home medical equipment market has been expanding significantly in recent years. Since older persons frequently have chronic health disorders that call for continued care and treatment, the ageing population is a significant factor driving the market for therapeutic home medical equipment. Therapeutic home medical equipment is now more efficient and simple to use because to technological advances. Patients and healthcare professionals now have greater need for these products as a result of this.

 

The demand for the Retail medical stores segment of Home Medical Equipment is increasing quickly at a CAGR of 12.3% throughout the projection period based on the Distribution Channel. A typical distribution route for home medical equipment is retail medical stores. These shops sell a variety of medical equipment and supplies, such as mobility aids, respiratory devices, supplies for wound care, and more. The competent personnel in retail medical stores frequently assists consumers in choosing the best equipment for their requirements. They can also offer guidance on how to correctly operate and maintain the equipment.

1. Home Medical Equipment Market, by Equipment Type (2022-2029)

1. Therapeutic Equipment
o Respiratory Therapy Equipment
o Dialysis Equipment
o Intravenous Equipment
o Other Therapeutic Equipment

2. Patient Monitoring Equipment

o Conventional Monitors
o Telemedicine Patient Monitoring Equipment

3. Mobility Assist and Patient Support Equipment

o Mobility Assist Equipment
o Medical Furniture
o Bathroom Safety Equipment

 

Home Medical Equipment Key Players:

Primary and secondary research is used to determine Market leaders, while primary and secondary research are used to compute Market revenue. The core study included in-depth interviews with key thought leaders and industry specialists such as experienced front-line personnel, CEOs, and Marketing professionals. In-depth interviews with important thought leaders and industry specialists, such as experienced front-line personnel, CEOs, and Marketing professionals, were conducted as part of primary research, while secondary research included a study of the major manufacturers' annual and financial reports. Secondary sources are utilized to compute percentage splits, Market shares, growth rates, and global Market breakdowns, which are then compared to historical data. The players highlighted in this report are as follows:

1. B. Braun Melsungen AG
2. Cesco Bio Products
3. Fresenius Medical Care AG & Co. Kgaa
4. Gf Health Products, Inc.
5. Hill-Rom Holdings, Inc.
6. Koninklijke Philips N.V.
7. Mckesson Corp.
8. Medtronic plc
9. Omron Healthcare, Inc.
10. Rotech Healthcare Inc.
11. Siemens Healthcare GmbH
12. Stryker Corp.
13. Sunrise Medical (US) LLC
14. 3M Co.
15. Abbott Laboratories
16. ARKRAY Inc.
17. Baxter International Inc.
18. Becton Dickinson and Co.
19. Boston Scientific Corp.
20. Cardinal Health Inc.
21. General Electric Co.
22. Home Medical Products Inc.
23. Invacare Corp.
24. Johnson and Johnson
25. Medline Industries Inc.
26. Medtronic Plc
27. ResMed Inc.
28. Smiths Group Plc
29. Thermo Fisher Scientific Inc.

Regional Analysis:

The study provides an in-depth look at the area industry, covering both qualitative and quantitative data. It provides an overview and forecast of the global Home Medical Equipment Market by segment. It also provides Market size and forecast estimations for five main regions from 202 to 2029, including North America, Europe, Asia-Pacific, the Middle East & Africa, and South America. The Home Medical Equipment Market in each area is further segmented into regions and segments. The study examines and anticipates several nations, as well as current trends and opportunities in the area.

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COVID-19 Impact Analysis on Home Medical Equipment Market:

We thoroughly researched and analyzed the Global Home Medical Equipment Market Development Strategy post-COVID-19, by corporate strategy analysis, landscape, type, application, and leading countries, which encompasses and analyses the global Home Medical Equipment industry's potential, providing statistical data on Market dynamics, growth factors, major challenges, PORTER analysis, and Market entry strategy analysis, opportunities, and forecasts. The primary goal of the research is to provide enterprises in the industry with a strategic analysis of the impact of COVID-19. Simultaneously, this research investigated the Marketplaces of significant nations and presented their Market potential.

Key Questions Answered in the Home Medical Equipment Market Report are:

  • What are the most potential high-growth prospects in the worldwide Home Medical Equipment industry, broken down by product category, End User, and Region?
  • Which Home Medical Equipment Market categories will grow the most rapidly, and why?
  • Which regions will grow faster, and why?
  • What are the major factors impacting Home Medical Equipment Market dynamics? What are the Home Medical Equipment Market's major drivers and challenges?
  • What are the business risks and dangers in the Home Medical Equipment Market?

Key Offerings:

  • Past Market Size and Competitive Landscape (2018 to 2022)
  • Past Pricing and price curve by region (2018 to 2022)
  • 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 segment with their sub-segments 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
  • Recommendations

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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