Report Ocean presents a new report on global Home Medical Equipment Market size, share, growth, industry trends, and forecast 2026, covering various industry elements and growth trends helpful for predicting the market’s future.
The Global Home Medical Equipment Market was valued at $21,912 million in 2021, and is estimated to reach $32,451 million by 2026, registering a CAGR of 5.7% from 2021 to 2026.
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The Centers for Medicare and Medicaid Services report that US healthcare expenditures grew by 4.6% to US$ 3.8 trillion in 2019, or US$ 11,582 per person, and accounted for 17.7% of GDP. Also, the federal government accounted for 29.0% of the total health expenditures, followed by households (28.4%). State and local governments accounted for 16.1% of total health care expenditures, while other private revenues accounted for 7.5%.
This study aims to define market sizes and forecast the values for different segments and countries in the coming eight years. The study aims to include qualitative and quantitative perspectives about the industry within the regions and countries covered in the report. The report also outlines the significant factors, such as driving factors and challenges, that will determine the market’s future growth.
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Home medical equipment are medical devices that offer safe, convenient, cost-effective, and suitable environment to patients within their home. The home medical equipment market has transformed during the recent few years, owing to increase in prevalence of various chronic diseases.
Further, oxygen-related products in home medical equipment are gaining high adoption, due to increase in incidence of COPD (chronic obstructive pulmonary disease) cases. Numerous devices are used for patient care at home, for example, infusion pumps, wheel chair, apnea monitors, glucose meters, and cannula.
For instance, glucose meters or glucometers are routinely used at home to assess the level of glucose in blood for diabetics. Further, new technologies such as needle-free diabetic care, medication administration equipment, and durable medical equipment, such as medical beds and lift chairs, propel the market growth.
Key Benefits for Stakeholders
The study provides an in-depth analysis of the market with current trends and future estimations to elucidate the imminent investment pockets.
It offers a quantitative analysis from 2016 to 2023, which is expected to enable the stakeholders to capitalize on prevailing market opportunities.
Extensive analysis by product elucidates the various types of home medical equipment used for the treatment of diverse chronic diseases.
Comprehensive analysis of all geographical regions is provided to determine the prevailing opportunities.
Key players are profiled and their strategies are analyzed thoroughly to understand the competitive outlook of the global home medical equipment market.
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Home Medical Equipment Market Key Segments:
Home Respiratory Therapy Equipment
Continuous Positive Airway Pressure Equipment
CPAP Masks & Related Interfaces
Oxygen Delivery Equipment
Home Liquid Oxygen Containers
Other Home Oxygen Delivery Equipment
Home IV Equipment
Home Dialysis Equipment
Home Peritoneal Dialysis Product
Home Hemolysis Product
Other Home Therapeutic Equipment
Home Physical Therapy Equipment
Home Negative Pressure Wound Therapy Devices
Home Braces & Related Products
Home Enteral Feeding Products
Home Automated External Defibrillators
Home Muscle & Nerve Stimulators
Patient Monitoring Equipment
Blood Glucose Monitors
Blood Pressure Monitors
Peak Flow Monitors
Heart Rate Monitors
Mobility Assist & Patient Support Equipment
Walking Assist Devices
Walkers & Rollators
Canes & Walking Sticks
Medical Furniture Accessories
Bathroom Safety Equipment
Bars, Grips & Rails
Elevated Toilet Seats
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Rest of Europe
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What are the aspects of this report that relate to regional analysis?
The report’s geographical regions include North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
The report provides a comprehensive analysis of market trends, including information on usage and consumption at the regional level.
Reports on the market include the growth rates of each region, which includes their countries, over the coming years.
How are the key players in the market assessed?
This report provides a comprehensive analysis of leading competitors in the market.
The report includes information about the key vendors in the market.
The report provides a complete overview of each company, including its profile, revenue generation, cost of goods, and products manufactured.
The report presents the facts and figures about market competitors, alongside the viewpoints of leading market players.
A market report includes details on recent market developments, mergers, and acquisitions involving the key players mentioned.
Following are the questions answered by the Market report:
What are the goals of the report?
This market report shows the projected market size for the pain management devices market at the end of the forecast period. The report also examines the historical and current market sizes.
On the basis of various indicators, the charts present the year-over-year growth (%) and compound annual growth rate (CAGR) for the given forecast period.
The report includes an overview of the market, its geographical scope, its segmentation, and the financial performance of key players.
The report examines the current state of the industry and the potential growth opportunities in North America, Asia Pacific, Europe, Latin America, and the Middle East, and Africa.
The research report includes various factors contributing to the market’s growth.
The report analyzes the growth rate, market size, and market valuation for the forecast period.
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What factors are taken into consideration when assessing the key market players?
The report analyzes companies across the globe in detail.
The report provides an overview of major vendors in the market, including key players.
Reports include information about each manufacturer, such as profiles, revenue, product pricing, and other pertinent information about the manufactured products.
This report includes a comparison of market competitors and a discussion of the standpoints of the major players.
Market reports provide information regarding recent developments, mergers, and acquisitions involving key players.
What are the key findings of the report?
This report provides comprehensive information on factors expected to influence the market growth and market share in the future.
The report offers the current state of the market and future prospects for various geographical regions.
This report provides both qualitative and quantitative information about the competitive landscape of the market.
Combined with Porter’s Five Forces analysis, it serves as SWOT analysis and competitive landscape analysis.
It provides an in-depth analysis of the market, highlighting its growth rates and opportunities for growth.
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