Market Overview:
The global home healthcare equipment market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing prevalence of chronic diseases, rising geriatric population, and growing demand for home healthcare services. Based on type, the blood glucose monitor segment is expected to account for the largest share of the global home healthcare equipment market in 2018. This segment is projected to grow at a CAGR of 8% during the forecast period. The large share of this segment can be attributed to factors such as increasing incidence of diabetes and growing awareness about diabetes management among people worldwide. Based on application, diagnostics and monitoring accounted for the largest share of the global home healthcare equipment market in 2017.
Product Definition:
Home healthcare equipment is any type of medical device or apparatus that can be used in the home to monitor or treat a patient. It can include everything from simple blood pressure monitors to complex dialysis machines. Home healthcare equipment is important because it allows patients to receive treatment and care in the comfort of their own homes, which can often be more convenient and comfortable for them than going to a hospital or clinic.
Blood Glucose Monitor:
Blood glucose monitor is a device used to measure blood sugar level in patients suffering from diabetes mellitus. The global market for blood glucose monitors is expected to witness significant growth over the forecast period owing to increasing prevalence of diabetes and technological advancements in the field of home healthcare equipment. According to International Diabetes Federation, 463 million people are diabetic and this number will increase over 700 million by 2045 globally.
Blood Pressure Monitor:
Blood pressure monitor is a device used to measure the blood pressure of patient. It consists of two cuff, an outer one and inner one. The cuffs are made up of flexible material like rubber or elastic. When the patient is seated, the blood pressure monitor measures the systolic reading (the top number) and when he stands up, it measures diastolic reading (the bottom number).
Application Insights:
The diagnostics and monitoring segment dominated the global market in 2017. This can be attributed to the increasing prevalence of chronic diseases, such as cardiovascular diseases, cancer, diabetes mellitus type 2 and respiratory problems. In addition, an increase in hospital admissions due to accidents or trauma is also driving the segment growth. According to WHO¢â‚¬â„¢s estimates, there will be a worldwide rise in demand for diagnostics and monitoring devices by healthcare professionals by approximately 20% from 2018 to 2030.
On the other hand, therapeutics segment is expected to witness lucrative growth over the forecast period owing to rising investments for developing novel rehabilitation equipment at a domestic level along with technological advancements that are directly related with this field of application.
Regional Analysis:
North America dominated the global market in 2017. The presence of a large geriatric population base and increasing healthcare expenditure are some of the major factors contributing to its growth. Europe is expected to be the second-largest market due to an increase in awareness about home health care services, high demand for rehabilitation equipment, and supportive reimbursement policies & procedures. Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to improving economic conditions, growing medical tourism industry, and rising investments by international companies for manufacturing low-cost products with high-quality standards. Moreover, favorable government initiatives such as “Hospital Care Programme†implemented by India's Ministry of Health & Family Welfare are expected to drive regional growth during the forecast period.
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 healthcare equipment, as this population is more susceptible to chronic diseases that require regular monitoring and treatment.
- Rising incidence 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 healthcare equipment as these devices can help patients manage their conditions effectively at home.
- Technological advancements: Home healthcare equipment manufacturers are constantly innovating their products with new features that make them easier-to-use and provide better patient outcomes. For instance, portable oxygen concentrators are now available that do not require refilling or replacement cartridges; this has led to an increase in their adoption by patients suffering from respiratory disorders like COPD (chronic obstructive pulmonary disease).
Scope Of The Report
Report Attributes
Report Details
Report Title
Home Healthcare Equipment Market Research Report
By Type
Blood Glucose Monitor, Blood Pressure Monitor, Rehabilitation equipment, Others
By Application
Diagnostics and Monitoring, Therapeutics, Care and Rehabilitation, Others
By Companies
Lifescan, Medtronic, A&D Company, Limited, Abbott Laboratories, Omron Corporation, Roche, Panasonic, Yuwell, SANNUO, OSIM, Siemens, Insulet, Animas, Microlife, Phonak, William Demant, Invacare
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
246
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Home Healthcare Equipment Market Report Segments:
The global Home Healthcare Equipment market is segmented on the basis of:
Types
Blood Glucose Monitor, Blood Pressure Monitor, Rehabilitation 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
Diagnostics and Monitoring, Therapeutics, Care and Rehabilitation, Others
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:
- Lifescan
- Medtronic
- A&D Company, Limited
- Abbott Laboratories
- Omron Corporation
- Roche
- Panasonic
- Yuwell
- SANNUO
- OSIM
- Siemens
- Insulet
- Animas
- Microlife
- Phonak
- William Demant
- Invacare
Highlights of The Home Healthcare 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:
- Blood Glucose Monitor
- Blood Pressure Monitor
- Rehabilitation equipment
- Others
- By Application:
- Diagnostics and Monitoring
- Therapeutics
- Care and Rehabilitation
- Others
- 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 Healthcare 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.
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- Correctly Positioning New Products
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- Product & Brand Management
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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 healthcare equipment is a broad term that can refer to anything from wheelchairs and walkers to oxygen tanks and infusion pumps. This equipment is used by people who need assistance with basic activities of daily living, such as bathing, dressing, or eating.
Some of the major players in the home healthcare equipment market are Lifescan, Medtronic, A&D Company, Limited, Abbott Laboratories, Omron Corporation, Roche, Panasonic, Yuwell, SANNUO, OSIM, Siemens, Insulet, Animas, Microlife, Phonak, William Demant, Invacare.
The home healthcare equipment market is expected to grow at a compound annual growth rate of 7.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Home Healthcare Equipment Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Home Healthcare Equipment Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Home Healthcare Equipment Market - Supply Chain
4.5. Global Home Healthcare Equipment Market Forecast
4.5.1. Home Healthcare Equipment Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Home Healthcare Equipment Market Size (000 Units) and Y-o-Y Growth
4.5.3. Home Healthcare Equipment Market Absolute $ Opportunity
5. Global Home Healthcare Equipment Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Home Healthcare Equipment Market Size and Volume Forecast by Type
5.3.1. Blood Glucose Monitor
5.3.2. Blood Pressure Monitor
5.3.3. Rehabilitation equipment
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Home Healthcare Equipment Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Home Healthcare Equipment Market Size and Volume Forecast by Application
6.3.1. Diagnostics and Monitoring
6.3.2. Therapeutics
6.3.3. Care and Rehabilitation
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Home Healthcare Equipment Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Home Healthcare Equipment Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Home Healthcare Equipment Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Home Healthcare Equipment Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Home Healthcare Equipment Demand Share Forecast, 2019-2026
9. North America Home Healthcare Equipment Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Home Healthcare Equipment Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Home Healthcare Equipment Market Size and Volume Forecast by Application
9.4.1. Diagnostics and Monitoring
9.4.2. Therapeutics
9.4.3. Care and Rehabilitation
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Home Healthcare Equipment Market Size and Volume Forecast by Type
9.7.1. Blood Glucose Monitor
9.7.2. Blood Pressure Monitor
9.7.3. Rehabilitation equipment
9.7.4. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Home Healthcare Equipment Demand Share Forecast, 2019-2026
10. Latin America Home Healthcare Equipment Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Home Healthcare Equipment Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Home Healthcare Equipment Market Size and Volume Forecast by Application
10.4.1. Diagnostics and Monitoring
10.4.2. Therapeutics
10.4.3. Care and Rehabilitation
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Home Healthcare Equipment Market Size and Volume Forecast by Type
10.7.1. Blood Glucose Monitor
10.7.2. Blood Pressure Monitor
10.7.3. Rehabilitation equipment
10.7.4. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Home Healthcare Equipment Demand Share Forecast, 2019-2026
11. Europe Home Healthcare Equipment Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Home Healthcare Equipment Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Home Healthcare Equipment Market Size and Volume Forecast by Application
11.4.1. Diagnostics and Monitoring
11.4.2. Therapeutics
11.4.3. Care and Rehabilitation
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Home Healthcare Equipment Market Size and Volume Forecast by Type
11.7.1. Blood Glucose Monitor
11.7.2. Blood Pressure Monitor
11.7.3. Rehabilitation equipment
11.7.4. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Home Healthcare Equipment Demand Share, 2019-2026
12. Asia Pacific Home Healthcare Equipment Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Home Healthcare Equipment Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Home Healthcare Equipment Market Size and Volume Forecast by Application
12.4.1. Diagnostics and Monitoring
12.4.2. Therapeutics
12.4.3. Care and Rehabilitation
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Home Healthcare Equipment Market Size and Volume Forecast by Type
12.7.1. Blood Glucose Monitor
12.7.2. Blood Pressure Monitor
12.7.3. Rehabilitation equipment
12.7.4. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Home Healthcare Equipment Demand Share, 2019-2026
13. Middle East & Africa Home Healthcare Equipment Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Home Healthcare Equipment Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Home Healthcare Equipment Market Size and Volume Forecast by Application
13.4.1. Diagnostics and Monitoring
13.4.2. Therapeutics
13.4.3. Care and Rehabilitation
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Home Healthcare Equipment Market Size and Volume Forecast by Type
13.7.1. Blood Glucose Monitor
13.7.2. Blood Pressure Monitor
13.7.3. Rehabilitation equipment
13.7.4. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Home Healthcare Equipment Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Home Healthcare Equipment Market: Market Share Analysis
14.2. Home Healthcare Equipment Distributors and Customers
14.3. Home Healthcare Equipment Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Lifescan
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Medtronic
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. A&D Company, Limited
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Abbott Laboratories
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Omron Corporation
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Roche
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Panasonic
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Yuwell
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. SANNUO
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. OSIM
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Siemens
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Insulet
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Animas
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Microlife
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Phonak
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. William Demant
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Invacare
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook