Kenneth Research has evaluated the current market opportunities in Global Home Healthcare Device Market in the healthcare industry for the forecast period 2022-2031, which also includes the ongoing industry trends and innovations that will help industry players to attain their business targets. Apart from that, the inclusive data on market size, market share and forecast, growth opportunities and challenges for the market players, along with the worldwide analysis on regions- North America, Latin America, Europe, Asia Pacific and Middle East & Africa, has also been provided in the report.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Global Home Healthcare Device Market Products.
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According to the U.S. Centers for Medicare & Medicaid Services, the national health spending is estimated to grow at an annual rate of 5.5% during 2018-2027 in the United States. Moreover, the total spending in the healthcare industry in the country is anticipated to reach around USD 6 trillion by the end of 2027. On the back of such factors, the market is predicted to observe a significant growth in the next few years.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
Driven by aging population, increasing healthcare expenditure and technology advancement, the global home healthcare devices (HD) market will see a rapid growth over the coming years with the sales revenue reaching $40.2 bn in 2019 and $60.1 bn by 2024, representing a higher CAGR than the world overall medical devices market.
Global Home Healthcare Device Market 2014-2024: Market Size, Share, Trends, Analysis and Outlook examines the worldwide market of home-based healthcare devices through a comprehensive review and analysis of information sources. After reviewing such market environments as economy trend, demographic profile and healthcare landscape in the world, this report provides qualitative analysis of market forces, worldwide home healthcare device market by type, by diseases managed, and by geographic distribution. In most analysis, historical statistics together with market outlook cover the 2011-2024 period.
Qualitative market analyses include discussions of growth drivers, restraints and challenges, emerging market opportunities, competitive landscape as well as Porter’s Fiver Forces analysis. Worldwide home healthcare device markets by type compose of Home Therapeutic Device (sub-markets include Home Respiratory Therapy Device, Home Dialysis Machines, Home IV Devices, and Other Home Therapeutic Devices), Home Diagnostics and Monitoring Devices (sub-markets include Home Telemedicine Patient Monitoring Systems and Home Conventional Monitors), and Home Patient Support Devices (sub-markets include Home Mobility Assist Equipment, Home Healthcare Furniture , and Bathroom Safety Equipment ). The global HD market is also divided by disease managed into home healthcare devices for diabetes, motion impairments, respiratory diseases, sleep disorder, kidney failure, hypertension, and other diseases. Geographic sub-markets include continents such as North America, Europe, Asia Pacific region, Latin America and the rest of world, with 12 country-based markets analyzed in detail for market overview, industry landscape, healthcare system and/or regulation issues. Per capita MD expenditure/availability in major economic markets (on country basis) is compared and analyzed. The market data and forecast trends are highlighted by 33 tables and 43 figures. The global top 50 homecare device manufacturers in 2014 are listed and profiled.
Key Players:
A&D Company, Ltd.
Becton, Dickinson and Co.
Cardinal Health Inc.
DeVilbiss Healthcare LLC
Fresenius Medical Care AG & Company KGaA
Gambro
Hill-Rom Holdings Incorporated
I-FlOW
Johnson & Johnson
Kinetic Concepts, Inc.
Linde Group
Mason Medical Products
NxStage Medical Incorporated
OMRON Corporation
Permobil AB
ResMed Corporation
Smiths Group plc
Teleflex Incorporated
Wallach Surgical Devices Inc.
Teleflex Incorporated
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The Market report answers the following questions:
What is the aim of the report?
- The market report presents the estimated market size of Global Home Healthcare Device Market by the end of forecast period. Additionally, the historical and current market size is also examined in the report.
- Based on various indicators, the Year-on-Year growth (%) and compound annual growth rate (CAGR) for the given forecast period is offered.
- An overview of the Market based on geographical scope, market segmentation and financial performance of key players is presented in the report.
- The report presents current trends in the industry and future scope of the Market in North America, Asia Pacific, Europe, Latin America and Middle East and Africa.
- The various parameters accelerating the growth of Market are incorporated in the research report.
- The report analyzes growth rate, market size and valuation of the Market during the forecast period.
What aspects regarding the regional analysis Market are included in this report?
- Geographical regions covered in the report include North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
- The report consists of detailed region-wise analysis of current and future market trends, providing information on product usage and consumption.
- The growth rate of the market in every region, including their countries over the forecast period is included in the market report.
Based on what factors are the key market players assessed in this report?
- The report offers detailed analysis of leading companies in the market across the globe.
- It provides details of the major vendors involved in the Market including Key Players
- A comprehensive overview of each company including the company profile, generated revenue, pricing of goods and the manufactured products is incorporated in the report.
- The facts and figures about market competitors along with standpoints of leading market players are presented in the report.
- The recent developments, mergers and acquisitions related to mentioned key players are provided in the market report.
What is the key information extracted from the report?
- Extensive information on factors estimated to affect the Market growth and market share during the forecast period is presented in the report.
- The report offers the present scenario and future growth prospects Market in various geographical regions.
- The competitive landscape analysis on the market as well as the qualitative and quantitative information is delivered.
- The SWOT analysis is conducted along with Porter’s Five Force analysis.
- The in-depth analysis provides an insight into the Market, underlining the growth rate and opportunities offered in the business.
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