The global home medical equipment
consumption pattern will depend on demographic and epidemiological development.
Increased efforts in the fight against chronic illnesses such as respiratory
diseases, kidney disorders, and cancer will boost the demand for home
therapeutic devices. Products such as portable oxygen concentrators, continuous
positive airway products, ventilators, and other accessories will undergo the
fastest growth in sales in this market. Increasing numbers of baby boomers and
an increase in the population of aged people on a global scale will also assist
in the growth of this market.
Development in the convenience in
handling and usage of these equipments due to the increase in chronically ill
patients will create a rapid increase in demand. The home IV devices segment
will also experience upward growth as intense control in outpatient visits and
shorter hospital stays will lead to an increase in the number of cancer and
other chronic disease patients to be administered parenteral nutrition, and
other therapeutic
modalities at home.
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It is estimated that the U.S. will
be the largest market for home medical equipments owing to its wide base of
home healthcare equipment providers, good reimbursement policies, better
healthcare infrastructure and high healthcare expenditure. Moreover, the recent
changes in the healthcare industry due to ‘Obamacare’ will also boost the
demand for such equipment, since almost 30 million uninsured Americans will now
enjoy medical coverage.
Emerging economies such as the BRIC
countries will be the fastest growing market for such products as the economic
condition of such countries is rapidly improving. On the other hand, the
already developed markets of Europe, Canada, Japan, Australia, and South Korea
will show fair demand for therapeutic, monitoring, and support products as the
sales levels in these markets will rise.
This research report analyzes this
market depending on its market segments, major geographies, and current market
trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Europe
- Rest of the World
This report provides comprehensive
analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
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This report is a complete study of
current trends in the market, industry growth drivers, and restraints. It
provides market projections for the coming years. It includes analysis of
recent developments in technology, Porter’s five force model analysis and
detailed profiles of top industry players. The report also includes a review of
micro and macro factors essential for the existing market players and new
entrants along with detailed value chain analysis.
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