Press release
Home Medical Equipment Market Size, Share 2024, Impressive Industry Growth Report 2031
Global home medical equipment market is anticipated to grow at a CAGR of 6.1% during the forecast period (2024-2031). The market growth is driven by factors such as the increasing ubiquity of chronic disorders, the increasing population, and spreading awareness about self-health management. The major challenges faced by the market are high cost and the requirement of a significant amount of knowledge to use home equipment.
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North America holds a significant share of the home medical equipment industry owing to the rising pervasiveness of chronic diseases such as asthma, diabetes, and high blood pressure. This has driven demand for home medical devices, further boosted by the growing trend towards home healthcare, high healthcare expenditures, and increasing disposable incomes. The region's aging population, more prone to health issues, is driving robust growth in patient monitoring equipment. Additionally, favorable insurance policies from various companies are making home healthcare more accessible and affordable.
Recent Development
In December 2024, to address bed and staff shortages and better support patients, Mindray introduced the mWear system. This system enhances patient monitoring with wireless connectivity, precise multi-parameter tracking, streamlined workflows, and seamless integration between home and hospital settings, ultimately improving clinical outcomes throughout the patient's journey.
Full report of Home Medical Equipment Market available @ https://www.omrglobal.com/industry-reports/home-medical-equipment-market-size
Market Coverage
The market number available for 2023-2031
Base year: 2023
Forecast period: 2024-2031
Segment Covered-
o By Monitoring Devices
o By Mobility Devices
o By Therapeutic Devices
Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
Competitive Landscape: Abbott Laboratories Inc., Becton, Dickinson and Co., F. Hoffmann-La Roche Ltd, General Electric Co., and Bayer AG among others.
Key questions addressed by the report
What is the market's growth rate?
Which segment and region dominate the market in the base year?
Which segment and region will project the fastest growth in the market?
Who is the leader in the market?
How are players addressing challenges to sustain growth?
Where is the investment opportunity?
Global Home Medical Equipment Market Report Segment
By Monitoring Devices
Blood Pressure Monitors
Glucose Monitoring Devices
Others (Pregnancy and Ovulation Kits)
By Therapeutic Devices
Dialysis Equipment
Respiratory Equipment
Others (Sleep Apnea Therapeutic Devices)
By Mobility Care Devices
Wheelchair
Mobility Scooters
Walkers, Canes, and Crutches
Medical Furniture
Others (Rollators)
Reasons to Buying From us -
1. We cover more than 15 major industries, further segmented into more than 90 sectors.
2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
4. Our expert research analysts answer all your questions before and after purchasing your report.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/home-medical-equipment-market-size
Media Contact:
Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
Company Name: Orion Market Research
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offers Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
Get Free Sample link @ https://www.omrglobal.com/request-sample/home-medical-equipment-market-size
North America holds a significant share of the home medical equipment industry owing to the rising pervasiveness of chronic diseases such as asthma, diabetes, and high blood pressure. This has driven demand for home medical devices, further boosted by the growing trend towards home healthcare, high healthcare expenditures, and increasing disposable incomes. The region's aging population, more prone to health issues, is driving robust growth in patient monitoring equipment. Additionally, favorable insurance policies from various companies are making home healthcare more accessible and affordable.
Recent Development
In December 2024, to address bed and staff shortages and better support patients, Mindray introduced the mWear system. This system enhances patient monitoring with wireless connectivity, precise multi-parameter tracking, streamlined workflows, and seamless integration between home and hospital settings, ultimately improving clinical outcomes throughout the patient's journey.
Full report of Home Medical Equipment Market available @ https://www.omrglobal.com/industry-reports/home-medical-equipment-market-size
Market Coverage
The market number available for 2023-2031
Base year: 2023
Forecast period: 2024-2031
Segment Covered-
o By Monitoring Devices
o By Mobility Devices
o By Therapeutic Devices
Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
Competitive Landscape: Abbott Laboratories Inc., Becton, Dickinson and Co., F. Hoffmann-La Roche Ltd, General Electric Co., and Bayer AG among others.
Key questions addressed by the report
What is the market's growth rate?
Which segment and region dominate the market in the base year?
Which segment and region will project the fastest growth in the market?
Who is the leader in the market?
How are players addressing challenges to sustain growth?
Where is the investment opportunity?
Global Home Medical Equipment Market Report Segment
By Monitoring Devices
Blood Pressure Monitors
Glucose Monitoring Devices
Others (Pregnancy and Ovulation Kits)
By Therapeutic Devices
Dialysis Equipment
Respiratory Equipment
Others (Sleep Apnea Therapeutic Devices)
By Mobility Care Devices
Wheelchair
Mobility Scooters
Walkers, Canes, and Crutches
Medical Furniture
Others (Rollators)
Reasons to Buying From us -
1. We cover more than 15 major industries, further segmented into more than 90 sectors.
2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
4. Our expert research analysts answer all your questions before and after purchasing your report.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/home-medical-equipment-market-size
Media Contact:
Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
Company Name: Orion Market Research
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offers Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
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