Home Medical Equipment Market Size Set to Hit Usd 56.45 Billion By 2027 With a Cagr Of 6.1%: Amr

Home Medical Equipment Market Companies 2023

Home Medical Equipment Market Companies 2023

The growth of the global market is driven by the increase in incidence of chronic diseases and considerable rise in geriatric population across the globe.

PORTLAND, OREGON, UNITED STATES, February 8, 2024 /EINPresswire.com/ -- Allied Market Research has published a study report with the title Home Medical Equipment Market Size accounted for USD 30.54 billion in 2019, and it is estimated to surpass around USD 56.45 billion by 2027, registering a CAGR of 6.1% from 2020 to 2027. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and evolving market trends. The market study is a helpful source of information for the frontrunners, new entrants, investors, and shareholders in crafting strategies for the future and heightening their position in the market.

๐–๐ก๐š๐ญ ๐š๐ซ๐ž ๐ญ๐ก๐ž ๐ƒ๐ซ๐ข๐ฏ๐ข๐ง๐  ๐…๐š๐œ๐ญ๐จ๐ซ๐ฌ ๐Ž๐Ÿ ๐‡๐จ๐ฆ๐ž ๐Œ๐ž๐๐ข๐œ๐š๐ฅ ๐„๐ช๐ฎ๐ข๐ฉ๐ฆ๐ž๐ง๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ?

Rise in geriatric population, increase in incidence of various chronic diseases, and advancement in technology in the area of home equipment may play a crucial role in the growth of the market. Further, the adoption of medical equipment at home also reduces the cost factor which further assists growth.

๐†๐ž๐ญ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐๐ƒ๐… ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐ฐ๐ข๐ญ๐ก ๐†๐ซ๐š๐ฉ๐ก๐ฌ ๐š๐ง๐ ๐…๐ข๐ ๐ฎ๐ซ๐ž๐ฌ ๐‡๐ž๐ซ๐ž: https://www.alliedmarketresearch.com/request-sample/4424

๐“๐จ๐ฉ ๐‡๐จ๐ฆ๐ž ๐Œ๐ž๐๐ข๐œ๐š๐ฅ ๐„๐ช๐ฎ๐ข๐ฉ๐ฆ๐ž๐ง๐ญ ๐‚๐จ๐ฆ๐ฉ๐š๐ง๐ข๐ž๐ฌ:-

โ€ข Philips Healthcare
โ€ข Medtronic
โ€ข Abbott Laboratories
โ€ข B. Braun Melsungen AG
โ€ข Cardinal Health
โ€ข Hill-Rom Holdings
โ€ข Invacare Corporation
โ€ข Drive DeVilbiss Healthcare
โ€ข ResMed Inc.
โ€ข Smiths Medical

๐‡๐จ๐ฆ๐ž ๐Œ๐ž๐๐ข๐œ๐š๐ฅ ๐„๐ช๐ฎ๐ข๐ฉ๐ฆ๐ž๐ง๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง:-

By Product type:

โ€ข Mobility aids (wheelchairs, walkers, crutches, etc.)
โ€ข Monitoring and diagnostic equipment (blood glucose monitors, blood pressure monitors, etc.)
โ€ข Therapeutic equipment (oxygen therapy equipment, nebulizers, CPAP machines, etc.)
โ€ข Home healthcare furniture (hospital beds, lift chairs, etc.)
โ€ข Personal emergency response systems (PERS)

By End-user

โ€ข Elderly patients
โ€ข Patients with chronic diseases
โ€ข Patients with disabilities
โ€ข Patients with respiratory disorders
โ€ข Patients with cardiovascular diseases
โ€ข Others

By Distribution channel

โ€ข Direct-to-customer sales
โ€ข Retail pharmacies and drug stores
โ€ข Online channels
โ€ข Others

By region, North America accounted for the largest market share in the home medical equipment market in 2021 and is expected to retain its dominance throughout the forecast period. This is attributed to the surge in chronic diseases such as asthma, diabetes, high blood pressure, and others in this region. However, Asia-Pacific is anticipated to grow at the fastest rate during the forecast period owing to surge in disposable income, rise in awareness among people toward the benefits of homecare medical devices.

๐๐ฎ๐ซ๐œ๐ก๐š๐ฌ๐ž ๐ญ๐ก๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ: https://www.alliedmarketresearch.com/purchase-enquiry/4424

Our Market Research Solution Provides You Answer to Below Mentioned Question:

โ€ข Which are the driving factors responsible for the growth of market?
โ€ข Which are the roadblock factors of this market?
โ€ข What are the new opportunities, by which market will grow in coming years?
โ€ข What are the trends of this market?
โ€ข Which are main factors responsible for new product launch?
โ€ข How big is the global & regional market in terms of revenue, sales and production?
โ€ข How far will the market grow in forecast period in terms of revenue, sales and production?
โ€ข Which region is dominating the global market and what are the market shares of each region in the overall market in 2022?
โ€ข How will each segment grow over the forecast period and how much revenue will these segments account for in 2030?
โ€ข Which region has more opportunities?

By Region Outlook

โ€ข North America
(U.S., Canada, Mexico)
โ€ข Europe
(Germany, France, UK, Italy, Spain, Rest of Europe)
โ€ข Asia-Pacific
(Japan, China, India, Rest of Asia-Pacific)
โ€ข LAMEA
(Brazil, Saudi Arabia, South Africa, Rest of LAMEA)

Contact Details:

David Correa
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022
help@alliedmarketresearch.com

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of โ€œMarket Research Reportsโ€ and โ€œBusiness Intelligence Solutions.โ€ AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

David Correa
Allied Market Research
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