Home Medical Equipment Market Worth $48.47 Billion By 2022

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The Global Home Medical Equipment Market is expected to reach $48.47 billion by 2022 with a CAGR of 7.8% over the period of 2016 to 2022.



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. 

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The global home medical equipment market is mainly segmented into products and geography. The home medical equipment products market is primarily 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, home dialysis equipment home IV equipmentand others; patient support equipment which includes wheelchairs and related equipment,walking assist devices, mobility scooters, medical furniture and accessories, and bathroom safety equipment.

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 and more..

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 and more…

Patient Support Equipment providers:
1 Sunrise Medical
2 Invacare Corporation
3 Stryker Corporation
4 Medline Industries Inc
5 Drive Medical (Part of Medical Depot) and more...

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Viren Shrivastava
AVP- Global Sales and Marketing
Tel: +1-646-781-8004
Email: viren@meticulousresearch.com


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