2020-2027 Analysis and Review Home Therapeutic Equipment Market

Home Therapeutic Equipment Market

Home Therapeutic Equipment Market By Components (Respiratory Therapy Equipments, Dialysis Equipments, Insulin Delivery Devices and Others), By Distribution Channel (Supermarket, Retail Outlets and E-commerce) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 – 2027

12-06-2020 REP-HC-5114 40 Tables 115 pages Format

The home therapeutic equipment market was valued at USD 10,195.9 Mn by 2019. The rising prevalence of chronic lifestyle disorders worldwide primarily drives the home therapeutic equipment market growth. Technological advancement in the medical devices with the addition of excellent ergonomic features making it user friendly and easy to operate in the homecare settings further accentuates the market growth.

Home Therapeutic Equipment Market

A paradigm shift has occurred in the home therapeutic equipment market due to the new changes in the reimbursement scenario, the complex needs of the aging population, and increasing demand for outpatient settings worldwide. The few advantages associated with homecare medical settings are a reduction in mortality rate by 19% due to better functional outcomes of patients, monetary savings for home hospice in comparison to huge healthcare burden associated with inpatient hospital settings, etc.

The major segments related to the home therapeutic equipment market are: 

By Components (2017–2027; US$ Mn)

Respiratory Therapy Equipments

Dialysis Equipments

Insulin Delivery Devices

Others

By Distribution Channel (2017–2027; US$ Mn)

Supermarket

Retail Outlets

E-commerce

Geography Segment (2017–2027; US$ Mn)

North America

U.S.
Canada

Europe

United Kingdom
Germany
Russia
France
Italy
Spain
Ukraine
Rest of Europe

Asia Pacific

China
Japan
Rest of Asia Pacific

Latin America (LATAM)

Brazil
Mexico
Rest of Latin America

Middle East and Africa (MEA)

GCC
Rest of MEA 

Justification for study?

  • The intention of the study is to give a comprehensive outlook of the global home therapeutic equipment market
  • The overall segmentation of the home therapeutic equipment market, by components, distribution channel, and geography is minutely studied. Respiratory therapy equipment and retail outlets are dominating the components and distribution channel segments respectively
  • Rising prevalence of chronic lifestyle disorders worldwide
  • Technological advancement in the medical devices making it user friendly and easy to operate at homecare settings accelerates the market growth

Report gist?

  • The study of the global home therapeutic equipment market includes qualitative analysis of factors such as drivers, restraints, and opportunities
  • The report covers a qualitative and quantitative analysis of the overall market segmented on the basis of components and distribution channel and categorization of the same at the geography level
  • This research report presents the analysis of each segment from 2017 to 2027 in which 2019 is considered as the base year. The compounded annual growth rate is calculated for the respective segments from 2020 to 2027

The study includes the profiles of major market players with a significant global and regional presence along with top company positioning. 

Significant customers?

  • This study is suitable for industry participants and stakeholders in the medical device manufacturers actively engaged in the production and marketing of home therapeutic equipment due to the  rising prevalence of chronic lifestyle disorders worldwide
  • The report will benefit bioengineers engaged in the development of home therapeutic equipment to impart excellent ergonomic features to the devices to promote its utility at homecare settings
  • Managers with financial institutions looking to publish recent and forecasted statistics pertaining to home therapeutic equipment market
  • Financial institutions, venture capitalist, analysts, investors, government organizations, policymakers, regulatory authorities, researchers, looking for insights into the market to determine future strategies 

Segment Analysis

Respiratory therapy equipments are representing the largest market share in the components segment for the home therapeutic equipment market. Rising prevalence of respiratory illness primarily increases the demand for oxygen delivery systems and ventilators. A growing incidence of sleep apnea creates a lucrative market opportunity for continuous positive airway pressure therapy devices in homecare settings. Dialysis equipment is keen to register steady market growth in the near future on account of the rising prevalence of chronic kidney diseases worldwide. According to the latest statistics provided by the National Kidney Foundation (NKF), approximately 10% of the global population is suffering from chronic kidney disease.

Retail outlets are currently spearheading the distribution channel segment for the home therapeutic equipment market. Consumers throughout the globe prefer visiting company retail outlets where various medical devices are kept for exhibition and there are free demonstrations regarding the operating and handling of the therapeutic equipment. E-commerce is expected to register exemplary market growth during the forecast period owing to the deep penetration of the internet and access to smartphones by the consumers and sale of therapeutic equipment at affordable prices and opportunities to win attractive discount coupons and gift vouchers.

North America is presently dominating the geography segment for the home therapeutic equipment market. The rising prevalence of chronic lifestyle disorders primarily drives market growth in the region. As per the latest research citings presented by the Center for Disease Control and Prevention (CDC), the annual health care cost associated with the management of chronic diseases in the United States is $3.5 trillion. The presence of major players such as GE Healthcare, Smiths Medical, Becton, Dickinson and Company, Medline Industry, Inc., etc. further accelerate the market growth in the region. Europe is the second-largest regional segment on account of the significant increase in the homecare settings and rehabilitation centers to provide medical assistance to non-compliant patients. The Asia Pacific is anticipated to be the fastest-growing regional segment in the home therapeutic equipment market. The emergence of local players creates a hugely competitive market for western giants which has a positive impact on the home therapeutic equipment market growth in the region.

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