Global Home Medical Equipment Market Outlook: 2016-2022

LONDON, Oct. 18, 2016 /PRNewswire/ -- The shift to home healthcare is one of several strategies being deployed to reduce the inevitable growth in the cost of delivering healthcare services. As a result, some types of medical devices and home healthcare equipment originally designed for exclusive use in hospitals and clinical settings by trained professionals are being redesigned for use by patients and lay caregivers in home environments. This dramatic shift in the delivery of healthcare is creating new opportunities for manufacturers of home healthcare equipment.

Increase in ageing population, growing incidence of chronic diseases and rising healthcare expenditure are some of the key factors driving the growth of global home medical equipment market. In addition, increasing awareness about the conveniences and cost effectiveness offered by home medical equipment, Increase in the patient preference for home-based care, Upsurge in insured population as a result of the Affordable Care Act, technological advancements such as tele-health, wearable devices, mobile health applications etc; and various government initiatives to promote home healthcare are further contributing to the growth of home medical equipment market. However, changing reimbursement policies, limited insurance coverage, risk to safety and health of home healthcare worker, and growing patient safety concerns are some of the major factors that may hinder the growth of this market during the forecast period.

The global home medical equipment market is mainly segmented into home tests and patient monitoring equipment which includes fertility tests, pregnancy tests, gender, dna& parental tests, drug tests, alcohol tests, cholesterol tests, HIV tests, holter monitors, blood pressure monitors, oximeters, heart rate monitors, thermometers, mediscopes, stethoscopes, defibrillators, pedometers, scales & body fat monitors, peak flow meters, apnea monitors, baby monitors, coagulation monitors, and diabetes management devices; home therapeutic equipment which includes home respiratory therapy equipment (continuous positive airway pressure equipment, oxygen delivery equipment, nebulizers & accessories, ventilators & accessories, and humidifiers), home dialysis equipment (home peritoneal dialysis products, home hemodialysis products) home IV equipment ( IV pumps, and other home IV equipment) and others; patient support equipment which includes wheelchairs and related equipment (wheelchairs- manual wheelchairs and powered wheelchairs), walking assist devices, mobility scooters, medical furniture and accessories, and bathroom safety equipment.

The global home medical equipment market is further segmented by geography into five major continents namely, North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa. These regions are further analyzed at a country level to provide the market size and forecast for each segment and sub-segment of the market in various countries across the globe. North America dominates the global home medical equipment market owing to the presence of high sophisticated healthcare infrastructure, positive response to the home healthcare, favorable reimbursement policies, increasing investment in R&D facilities, and presence of large number of small and large scale home medical devices manufactures.

Moreover, the recent changes in the healthcare industry due to 'Obamacare Act' will also boost the demand for such equipment, since almost 30 million uninsured Americans will now enjoy medical coverage. Similarly, Europe accounted for the second largest share of the total home medical equipment market owing to increasing aging population, high prevalence of diabetes and cardiovascular diseases, and increasing healthcare investments by the European government.

On the other hand, Asia-Pacific home medical equipment market is expected to grow at a rapid pace during the forecast period owing to the increasing geriatric population as elder people are prone to many disorders such as orthopedic, cardiovascular and others, rising awareness about the cost effectiveness and convenience offered by these home medical devices, and rising health care expenditures in emerging countries such as India and China, which are projected to be the fastest-growing countries in the Asian home medical equipment market during the forecast period.

The report offers meticulous analysis of market dynamics, burning issues, and technological landscape of the global home medical equipment market. The report also provides a competitive landscape that covers the growth strategies adopted by industry players in the last three years. In addition, the major players are analyzed with respect to their company overview, product and service portfolios, financials, and recent developments.

Some of the major players analyzed in the report are:
Home Tests and Monitoring Equipment Providers:
1 Alere
2 Quidel Corporation
3 Prestige Brands Holdings
4 Church & Dwight Co.
5 bioMérieux SA
6 Geratherm Medical AG
7 Abbott Laboratories
8 Procter & Gamble Co.
9 Swiss Precision Diagnostics GmbH
10 IntelliGender
11 DNA Diagnostics Center – DDC
12 Identigene
13 Amedica Biotech
14 Lifeloc Technologies
15 Noble Medical, Inc.
16 SYNTRON Bioresearch
17 Branan Medical Corporation (Alere Group)
18 Roche Diagnostics
19 AccuTech LLC
20 Home Access Health Corporation
21 Polymer Technology System. (CardioCheck)
22 OraSure Technologies
23 Chembio Diagnostics Systems
24 Omron Healthcare
25 Microlife Corporation
26 A&D Medical
27 GE Healthcare
28 Philips Healthcare
29 Spacelabs Healtchare
30 Schiller AG
31 Mortara Instrument/Cardiac Science
32 Nonin Medical, Inc.
33 CAS Medical Systems
34 Medtronic (Covidein)
35 Masimo Corporation
36 Timex Group
37 Garmin Ltd
38 Shenzhen Guangkehua Electronics Co., Ltd
39 Polar Electro
40 Seiko Epson Corp
41 Nokia Corporation (Part of Microsoft Corporation)
42 mSpot
43 Sportline (EB Sport Group)
44 Peaksware
45 Nike, Inc.
46 Actherm
47 American Diagnostic Corporation
48 Briggs Healthcare
49 Exergen Corporation
50 Geratherm Medical AG
51 Hicks Thermometers (India) Limited
52 Kaz Incorporated
53 Opto Circuits (India) Limited
54 Radiant Innovation
55 RG Medical Diagnostics
56 Terumo Corporation
57 Welch Allyn Inc.
58 3M Healthcare Ltd
59 Rudolf Riester GmbH & Co. KG
60 Escalon Medical Corporation
61 GF Health Products
62 Medi-Stim ASA
63 Medline Industries
64 Fitbit Inc.
65 Jawbone
66 Tanita
67 Teleflex
68 CareFusion (a BD Company)
69 Trudell Medical International
70 AsthmaMD
71 Moore Medical
72 ResMed
73 Nihon Kohden
74 Anglecare
75 Dropcam
76 Genexus USA
77 Graco
78 iBaby Labs
79 Safety 1st (part of Dorel Industries Inc)
80 Shenzhen Foscam Intelligent Technology
81 Summer Infant
82 Vtech
83 Withings (Part of Nokia)
84 Accriva Diagnostics
85 Boston Scientific
86 Cardiocom (part of Medtronic)
87 Honeywell
88 Masimo Corporation
89 St. Jude Medical
90 Aerotel Medical Systems
91 Medtronic
92 AMD Global Telemedicine
93 Acon Laboratories
94 Arkray
95 GlucoLight Corporation
96 Bayer Healthcare
97 Johnson & Johnson
98 Becton-Dickinson and Company
99 Owen Mumford
Home Therapeutic Equipment Providers:
1 Fisher and Paykel Healthcare
2 Invacare Corporation
3 Chart Industries
4 DeVilbiss Healthcare (Part of Medical Depot)
5 Phillips Respironics
6 Draegerwerk AG
7 Maquet
8 Smiths medical
9 Fresenius Medical Care
10 Gambro (Part of Baxter International Inc)
11 NxStage Medical
12 Hospira
13 B. Braun Melsungen AG
14 Baxter International
15 Medtronics
16 Becton, Dickinson and Company
17 ResMed
18 GE Healthcare
Patient Support Equipment providers:
1 Sunrise Medical
2 Invacare Corporation
3 Stryker Corporation
4 Medline Industries Inc
5 Drive Medical (Part of Medical Depot)
6 Graham Field
7 Rotec
8 Vital Mobility
9 Mabis Healthcare
10 Nova Medical Products
11 Otolift
12 Acorn Stairlifts
13 21st Century Scientific
14 Wheelchair of Kansas
15 Gendron
16 Hoveround Corporation
17 Permobil
18 Magic Mobility
19 Pride Mobility Products
20 OttoBock Healthcare
21 Merits Health Products
22 Moore Medical (Part of Mckesson)
23 HillUSA
24 Hill-Rom Holdings
25 Handicare Group AB
26 Hugo Mobility
27 Carex Health Brands (Part of Compass Health Brands)
28 Essential Medical Supply
29 Karman Healthcare
30 AmeriGlide Accessibility Solutions
31 ArjoHuntleigh
32 Bischoff & Bischoff
33 Etac AB
34 DIETZ GmbH
35 Hewi Heinrich Wilke GmbH
36 MEYRA GmbH
37 Patterson Medical Holdings
38 Poshchair Medical Limited
39 Prism Medical
40 Ortho XXI
41 K Care Healthcare Equipment
42 GF HEALTH PRODUCTS
43 Juvo Solutions
44 Spectra Care Group
45 TFI Healthcare

Key questions answered in the report
Which are the high growth market segments in terms of home healthcare products, services, regions, and countries?
What is the historical market for home medical equipment across the globe?
What are the market forecasts and estimates from the period 2016-2022?
What are the major drivers, restrains, threats, and opportunities in the global home medical equipment market?
What are the burning issues of the global home medical equipment market?
Who are the major players in the global home medical equipment market and what share of the market do they hold?
Who are the major players in various regions (North America, APAC, Europe, Latin America, and Middle East & Africa) and what share of the market do they hold?
What are the competitive landscapes and who are the market leaders by sub-region in the global home medical equipment market?
What are the recent developments in the global home medical equipment market?
What are the different strategies adopted by the major players in the global home medical equipment market?
What are the geographical trends and high growth regions/ countries?

Download the full report: https://www.reportbuyer.com/product/4190615/

About Reportbuyer
Reportbuyer is a leading industry intelligence solution that provides all market research reports from top publishers
http://www.reportbuyer.com

For more information:
Sarah Smith
Research Advisor at Reportbuyer.com
Email: [email protected]
Tel: +44 208 816 85 48
Website: www.reportbuyer.com 

SOURCE ReportBuyer

Related Links

http://www.reportbuyer.com