Market Overview:
The global home therapeutic equipment market is expected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing prevalence of chronic diseases, rising geriatric population, and technological advancements in home therapeutic equipment. The home respiratory therapy equipment segment is expected to account for the largest share of the global home therapeutic equipment market in 2018. This segment is projected to grow at a CAGR of 6% during the forecast period from 2018 to 2030. The growth in this segment can be attributed to the increasing prevalence of respiratory diseases and technological advancements in respiratory therapy devices. The adult application segment is expected to account for the largest share of the global home therapeutic equipment market in 2018. This segment is projected grow at a CAGR 7% duringthe forecast period from2018to2030 .
Product Definition:
Home Therapeutic Equipment is a broad term that can refer to anything from wheelchairs and walkers to breathing machines and feeding tubes. Essentially, any equipment that is used in the home to help a person with a disability or illness live more comfortably or achieve greater independence can be classified as home therapeutic equipment. The importance of home therapeutic equipment cannot be overstated; it allows people with special needs to live full, productive lives in their own homes rather than being confined to hospitals or care facilities.
Home Respiratory Therapy Equipment:
Home respiratory therapy equipment is used to provide treatment to asthmatic and other lung-related diseases. It includes devices such as nebulizers, humidifiers, oxygen concentrators, positive airway pressure devices and ventilators. The global home respiratory therapy equipment market was valued at USD 2 billion in 2015 and is expected to grow at a CAGR of XX% over the forecast period.
Home Dialysis Equipment:
Home dialysis equipment and it's usage in home therapeutic equipment market is expected to witness significant growth over the forecast period. The major drivers for this market are increasing prevalence of kidney disorders, growing geriatric population base, rising awareness about home dialysis therapy and high demand for portable devices among patients. Home dialysis provides a better alternative to hospital treatment by reducing the need for hospital stay which thereby reduces healthcare costs.
Application Insights:
The home therapeutic equipment market is segmented by application into for children, adults and other applications. The other applications include the use of HVAC, oxygen therapy and physical rehabilitation equipment. Home respiratory therapy equipment dominated the overall application segment in 2017 owing to increasing prevalence of asthma among children across the globe. According to a study published by Global Asthma Network in 2018, around 1 in 10 children globally suffer from asthma which increases their risk of death by around 15%. Thus rising prevalence coupled with awareness about effective treatment methods is expected to drive demand for home respiratory devices over the forecast period.
On the other hand, adult related diseases are becoming a major concern across various regions including North America and Europe due to increase in geriatric population base which suffers from various chronic diseases such as cardiovascular disorders, cancer & oncology problems etc., thus driving demand for advanced healthcare facilities at an affordable cost thereby impacting market growth negatively over the forecast period.
Regional Analysis:
North America dominated the global home therapeutic equipment market in 2016. The presence of well-established healthcare infrastructure, high awareness levels coupled with relatively higher healthcare expenditure levels are some of the factors responsible for its large share. Moreover, increasing demand for home health care services due to growing elderly population and rising chronic diseases prevalence is expected to drive growth over the forecast period.
Asia Pacific is anticipated to be one of the fastest-growing regions during the forecast years owing to improving economic conditions and growing target population base in countries such as India and China. In addition, a rise in government initiatives aimed at reducing hospital readmissions along with an increase in outpatient surgeries are expected to fuel regional growth over next eight years.
Growth Factors:
- Increasing geriatric population: The global geriatric population is expected to grow at a CAGR of 6.5% from 2016 to 2020, owing to the increase in life expectancy and the growth in the number of people aged 65 years and above. This will result in an increase in demand for home therapeutic equipment, as this population is more susceptible to chronic diseases that require regular monitoring and treatment.
- Rising prevalence of chronic diseases: The prevalence of chronic diseases such as cancer, heart disease, stroke, diabetes, and respiratory disorders is increasing globally due to changing lifestyles and environmental factors. This is leading to an increased demand for home therapeutic equipment as these devices can help patients manage their conditions effectively at home.
- Technological advancements: Home therapeutic equipment manufacturers are constantly innovating their products with new features and technologies that make them easier to use and provide better results. This is resulting in increased adoption of these devices by consumers worldwide, thereby driving market growth.
Scope Of The Report
Report Attributes
Report Details
Report Title
Home Therapeutic Equipment Market Research Report
By Type
Home Respiratory Therapy Equipment, Home Dialysis Equipment, Home IV Equipment, Others
By Application
For Children, For Adults
By Companies
GE Healthcare, Medtronics, Fisher and Paykel Healthcare, BD Medical, Smiths medical, Invacare, B. Braun Melsungen, Baxter International, Chart Industries, Fresenius Medical Care, Phillips Respironics, ResMed, Draegerwerk
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
136
Number of Tables & Figures
96
Customization Available
Yes, the report can be customized as per your need.
Global Home Therapeutic Equipment Market Report Segments:
The global Home Therapeutic Equipment market is segmented on the basis of:
Types
Home Respiratory Therapy Equipment, Home Dialysis Equipment, Home IV Equipment, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
For Children, For Adults
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- GE Healthcare
- Medtronics
- Fisher and Paykel Healthcare
- BD Medical
- Smiths medical
- Invacare
- B. Braun Melsungen
- Baxter International
- Chart Industries
- Fresenius Medical Care
- Phillips Respironics
- ResMed
- Draegerwerk
Highlights of The Home Therapeutic Equipment Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Home Respiratory Therapy Equipment
- Home Dialysis Equipment
- Home IV Equipment
- Others
- By Application:
- For Children
- For Adults
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Home Therapeutic Equipment Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Home therapeutic equipment (HTE) is a broad term that refers to any device or product used in the home for medical purposes. This can include anything from walkers and wheelchairs to bed rails and bath benches. HTE can be used by people of all ages, including those with disabilities.
Some of the key players operating in the home therapeutic equipment market are GE Healthcare, Medtronics, Fisher and Paykel Healthcare, BD Medical, Smiths medical, Invacare, B. Braun Melsungen, Baxter International, Chart Industries, Fresenius Medical Care, Phillips Respironics, ResMed, Draegerwerk.
The home therapeutic equipment market is expected to grow at a compound annual growth rate of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Home Therapeutic Equipment Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Home Therapeutic Equipment Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Home Therapeutic Equipment Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Home Therapeutic Equipment Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Home Therapeutic Equipment Market Size & Forecast, 2020-2028
4.5.1 Home Therapeutic Equipment Market Size and Y-o-Y Growth
4.5.2 Home Therapeutic Equipment Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Home Respiratory Therapy Equipment
5.2.2 Home Dialysis Equipment
5.2.3 Home IV Equipment
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 For Children
6.2.2 For Adults
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Home Therapeutic Equipment Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Home Therapeutic Equipment Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Home Respiratory Therapy Equipment
9.6.2 Home Dialysis Equipment
9.6.3 Home IV Equipment
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 For Children
9.10.2 For Adults
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Home Respiratory Therapy Equipment
10.6.2 Home Dialysis Equipment
10.6.3 Home IV Equipment
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 For Children
10.10.2 For Adults
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Home Respiratory Therapy Equipment
11.6.2 Home Dialysis Equipment
11.6.3 Home IV Equipment
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 For Children
11.10.2 For Adults
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Home Respiratory Therapy Equipment
12.6.2 Home Dialysis Equipment
12.6.3 Home IV Equipment
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 For Children
12.10.2 For Adults
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Home Respiratory Therapy Equipment
13.6.2 Home Dialysis Equipment
13.6.3 Home IV Equipment
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 For Children
13.10.2 For Adults
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Home Therapeutic Equipment Market: Competitive Dashboard
14.2 Global Home Therapeutic Equipment Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 GE Healthcare
14.3.2 Medtronics
14.3.3 Fisher and Paykel Healthcare
14.3.4 BD Medical
14.3.5 Smiths medical
14.3.6 Invacare
14.3.7 B. Braun Melsungen
14.3.8 Baxter International
14.3.9 Chart Industries
14.3.10 Fresenius Medical Care
14.3.11 Phillips Respironics
14.3.12 ResMed
14.3.13 Draegerwerk
