Globally the demographic & attitudinal shift in the healthcare system is witnessed on the back of increasing healthcare cost in institutional care, inclination towards home health care of the physicians and also the private & public insurance organizations and rise in ageing population requiring home care are estimated to be major driving factor for the growth of global home healthcare equipment market. According to Goldstein Research, global home healthcare equipment market size is expected to reach USD 50.0 billion by 2024, growing at a compounded annual growth rate of 7.0% during the forecast period 2016-2024. Global home healthcare equipment market has nearly 12-15% share in the total global home healthcare market.
Global home healthcare equipment market segmentation has been carried out on the basis of devices, distribution channel and geography. Based on product, diagnostic & monitoring devices segment accounted for the highest market share. Whereas, therapeutic devices segment is estimated grow at fastest CAGR of 10%-12% over the forecast period. The advanced wound care market segment of the therapeutic devices was valued at USD 11.2 billion in 2016 which is anticipated to grow at a CAGR of 7.4% over the forecast period. Further, Global home healthcare equipment industry is estimated to be dominated by North America with a market share of 35.0% in 2016 followed by Europe and Asia Pacific home healthcare equipment market share.
Market Segmentation
On the basis of our in-depth analysis, Global Home Healthcare Equipment Market can be segmented as follows:
Based on Device
Diagnostics and Monitoring Home Healthcare Devices
- Blood Pressure Monitors
- Blood Glucose Monitors
- Pulse Oximeters
- Peak Flow Meters
- Heart Rate Monitors
- Fetal Monitoring Devices
- HIV Test Kits
- Sleep Apnea Monitors
- Coagulation Monitors
- Ovulation and Pregnancy Test Kits
- Holter and Event Monitors
- Cholesterol Monitoring Devices
- Colon Cancer Test Kits
- Home Hemoglobin A1c Test Kits
- Drug and Alcohol Test Kits
- ECG/EKG Devices
- EEG Devices
- Temperature Monitors
- Hearing Aids
- Pedometers
Therapeutics Home Healthcare Devices
- Oxygen Delivery Systems
- Nebulizers
- Ventilators
- Sleep Apnea Therapeutic Devices
- Wound Care Products Market
- IV Equipment
- Dialysis Equipment
- Insulin Delivery Devices
- Inhalers
- Other Therapeutic Products (Ostomy Devices, Automated External Defibrillators, and External Stimulation Devices)
Home Mobility Assist Devices
- Canes
- Crutches
- Mobility Scooters
- Walkers and Rollators
- Wheelchairs
- Medical Supplies
Based on Distribution Channel
- Offline Channel
- Online Sales
Based on End User
- Hospitals/Clinics/Diagnostic Lab
- Research and Development Centre
- Home Care Settings
By Region
- North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
- Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
- The Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of the Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
- Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
- Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
- Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
“Global Home Healthcare Equipment Market Outlook 2024” contains the detailed overview of the global home healthcare equipment market. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by devices, distribution channel and end user.
Further, for the in-depth analysis, Global Home Healthcare Equipment Market Report encompasses the market growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market analysis research report also includes competitive outlook of some of the major players profiling of companies such as Merck & Co., 3M Health Care, Siemens, Bayer AG, Abbott Laboratories, Cardinal Health, Inc., GE Healthcare, Invacare Corporation, F. Hoffmann-La Roche Ltd., Phillips Healthcare, Medtronic, Inc., Omron Healthcare, Inc., etc.
The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.
Overall, the report represents the global home healthcare equipment market share along with the market forecast that will help market consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.
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