Home medical equipment (HME)
refers to the medical devices that help to provide safe, convenient, cost effective and familiar environment to the patients at their residence. This helps in efficient recovery of patients and improves the recovery time. Type of home medical equipment includes therapeutic equipment, patient monitoring equipment, mobility assist equipment and other patient support equipment. Home medical equipment helps in reducing time spent in hospitals, nursing homes and clinics and saves costs on healthcare for an individual. Globally, the home equipment market is witnessing a high growth rate owing to increasing incidence of chronic diseases such as respiratory disorder, cancer and kidney failure. Increase in ageing population, cost advantages, technological advancement, rise in disposable income of consumers, and rising healthcare expenditure are some of the factors propelling the growth for global home medical equipment market In addition, technological advancements and innovations in this market are expected to offer good opportunities to the home medical equipment suppliers.
However, safety and effectiveness issues are some of the major factors hindering the growth for global home medical equipment market.
This report identifies the global Home Medical Equipment market
size in for the year 2014-2016, and forecast of the same for year 2021. It also highlights the potential growth opportunities in the coming years, while also reviewing the market drivers, restraints, growth indicators, challenges, market dynamics, competitive landscape, and other key aspects with respect to global Home Medical Equipment market.
Geographically North America and Europe dominated global home medical equipment market, and Asia-Pacific is projected to have fastest growth, owing to growth in populationnand disposable income. This report segments global home medical equipment market on the basis of type, by product, and regional market as follows:
- Global Home Medical Equipment Market, by Type: Therapeutic, Patient Monitoring, Mobility Assist & Other Patient Support
- Global Home Medical Equipment Market, by Product: Portable Oxygen Concentrators, Continuous Positive Airway Products, & Ventilators
- This is report has been further segmented into major regions, which includes detailed analysis of each region such as: North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW) covering all the major country level markets in each of the region.
This report identifies all the major companies operating in the global Home Medical Equipment market. Some of the major companies’ profiles in detail are as follows:
- F. Hoffmann-La Roche Ltd
- B. Braun Melsungen AG
- GE Healthcare