Homecare Medical Devices Market is expected to experience a steady growth in coming years between 2017 and 2025. The market is expected to become $35.89 billion by 2025 at a significant CAGR of 5.66%. The increasing geriatric population, respiratory diseases and prevalence of Chronic Obstructive Pulmonary Diseases (COPD) will drive the market growth in the upcoming years. The cases of immobility are a common phenomenon among the geriatric population. As a result, wheelchair technology is the most commonly used homecare device, as it solves the purpose to a large extent. For instance, as per CDC, in US, more than 17.9 million people suffer from immobility problem. In this case, wheelchair gives a good support to these people as it allows people to move from one place to another without any kind of assistance. In addition, the device is very much cost-effective and various reimbursement policies are also associated. Moreover, increasing incidence of Chronic Obstructive Pulmonary Disease (COPD) and respiratory conditions is also driving the market growth. The portable medical devices give support to the patient suffering from these kinds of disease at an affordable price. However, impact of direct sales through internet has reduced the number of distribution channels, owing to which number of distributers has decreased in the global homecare medical devices market. Thus, considering these drivers and challenges, the global homecare medical devices market is expected to show significant growth over the forecast period.
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Homecare Medical Devices Market – Competitive Outlook and Trend Analysis
The key players operating in the global homecare medical devices market emphasizes on product development in order to introduce improved homecare treatment and capture a larger share of the market. Some of the major players in this market are, Chart Industries, Drive Medical, Inogen, Sunrise Medical (US) LLC, Invacare Corporation, Philips, Graham Field, Meyra, O2Concepts, Oxlife, Teijin and TiLite.
Homecare Medical Devices Market – Market Opportunities
The key opportunity for the players operating in homecare medical devices market lies in the development of various types of cost effective homecare devices for better assistance of the patients. Apart from that, innovative marketing strategies will further broaden the opportunities of the key players to grow significantly over the forecast period. In addition, Governments initiatives towards reimbursement policies for the homecare medical devices will further increase demand of this market, creating lucrative opportunities for growth, for the key players of this market.
Global Homecare Medical Devices Market Segmentation:
Homecare Medical Devices Market – By Product:
Oxygen Treatment Equipment
Homecare Medical Devices Market – By Distribution Channel:
Direct Distribution Channel
Homecare Medical Devices Market – Product Outlook and Trend Analysis
Medical devices used in home care settings need to be appropriate for the environment in which they are used and for the people using them. These people may be lay or professional caregivers or the recipients themselves. These people may have distinct cognitive, sensory, physical, and emotional characteristics. Environments may vary in terms of accessibility of utilities, amount of available space, humidity and temperature levels and noise and light levels. All these factors have to be considered in order to ensure that the medical devices are effective and safe for the people receiving home care. The most common homecare medical devices are first aid equipment including thermometers, bandages, heating pads and ace bandages. Users of medical devices in homecare settings are a diverse set of people. Some are professional care-givers such as nurses, physicians, occupational therapists and homecare aides. They are typically associated with homecare organizations or may operate as independent providers. Others are lay care-givers who may be family members or friends of the patients receiving care. Some recipients may operate the devices themselves.
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Homecare Medical Devices Market – By Region:
North America – U.S, Canada, Mexico
Europe – Germany, France, UK, Italy, Spain, Rest of Europe
Asia-Pacific – Japan, China, Australia, India, South Korea, Rest of Asia Pacific
Rest of the World – Brazil, South Africa, Saudi Arabia, United Arab Emirates, Others
Homecare Medical Devices Market – Regional Outlook and Trend Analysis
North America held a significant share of the homecare medical devices market in 2016 due to the increase in elderly population in various states. In addition, increase in cases of respiratory diseases and COPD will also enhance the market growth in this region. The Asia-Pacific market has not experienced any substantial growth due to lack of large scale adoption of homecare medical devices but can experience favorable growth in coming years owing to changing lifestyles related to immobility problems in the region.
Homecare Medical Devices Market – List of Tables
Table 1.Global Homecare Medical Devices Market, By Product, 2016-2025 ($Million)
Table 2.Oxygen Treatment Equipment Market, By Region, 2016-2025 ($Million)
Table 3.Acessibility Beds Market, By Region, 2016-2025 ($Million)
Table 4.Wheelchairs Market, By Region, 2016-2025 ($Million)
Table 5.Lifts Market, By Region, 2016-2025 ($Million)
Table 6.Scooters Market, By Region, 2016-2025 ($Million)
Table 7.Others Market, By Region, 2016-2025 ($Million)
Table 8.Homecare Medical Devices Market, By Distribution Channels, 2016-2025 ($Million)
Table 9.Online Sales Market, By Region, 2016-2025 ($Million)
Table 10.Direct Distribution Channel Market, By Region, 2016-2025 ($Million)
Table 11.North America Homecare Medical Devices Market, By Country, 2016-2025 ($Million)
Homecare Medical Devices Market – List of Figures
Figure 1.Global Homecare Medical Devices Market Share, By Product, 2016 & 2025
Figure 2.Global Homecare Medical Devices Market, By Distribution Channels, 2016, ($Million)
Figure 3.Global Homecare Medical Devices Market, By Region, 2016, ($Million)
Figure 4.Chart Industries: Net Revenues, 2014-2016 ($Million)
Figure 5.Chart Industries: Net Revenue Share, By Segment, 2016
Figure 6.Chart Industries: Net Revenue Share, By Geography, 2016
Figure 7.Inogen: Net Revenues, 2014-2016 ($Million)
Figure 8.Inogen: Net Revenue Share, By Segment, 2016
Figure 9.Inogen: Net Revenue Share, By Geography, 2016
FEATURES OF THE REPORT:
- The analysis of Homecare Medical Devices market, their Growth, Demand, position, size and share from different regions are mentioned in detailed.
- The key players in the market and their share in the global market are discussed.
- The new strategic plan and suggestions that will help old as well as new market players to maintain the competitiveness are also discussed.
- The Homecare Medical Devices market report provides some important points related to growth factors, challenges, opportunities, end-user analysis and achievement and so on.
- The latest trends that are being followed in the market are included along with an example.
- How technological advancement and research, as well as development activities, are impacting the market is explained in detail.
- The development plans and policies are discussed as well as manufacturing processes and cost structures too are discussed.
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As the report further, it explains developing plans and policies, making processes, cost structures of Homecare Medical Devices market as well as the leading players. It also concentrates on the aspects like company profile, product images, supply chain relationship, import/export details of Homecare Medical Devices market, market statistics of Homecare Medical Devices market, upcoming development plans, market gains, contact details, consumption ratio. Ultimately, the report includes an in-depth analysis of sub-segments, market dynamics, feasibility study, key strategies used by leading players, market share study and growth prospects of the industry. The report also evaluates the growth established by the market during the forecast period and research conclusions are offered.
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