home care medical device market poised to grow at a rapid pace | IMF

Home care medical devices are intended for use in any environment outside of a professional healthcare facility. The user can be a patient, caregiver or family member who directly uses home care medical device or provides assistance in the use of the home care medical device. A qualified healthcare professional is a licensed or unlicensed healthcare professional with skills and expertise in the use of the home care medical device, so that they can assist or train care recipients and caregivers in use and maintain the device. The home care medical equipment market mainly consists of wheelchairs, scooters, oxygen therapy equipment, accessible beds, elevators and toilets, which until recently were sold mainly by the intermediary of distributors. As patients use home care services for recovery or long term care, home care medical devices are required for their care. As a result, complex medical devices are used more frequently in the home, often under unsuitable conditions. This in turn has negative implications for the safety and efficient operation of these home care medical devices, particularly those with sophisticated requirements for correct operation or maintenance.

Home care medical devices market: drivers and constraints

The geriatric population is dependent on mobility aids. Wheelchair technology is evolving to provide people with disabilities with ease of mobility. The mobility of these disabled people depends on the wheelchair, which solves the problem to a greater extent. Electric and manual wheelchairs are used by people according to their needs. Many issues impact the choice of a wheelchair, for example, some patients are looking for cost-effective devices and availability of reimbursement. Medical scooters are a rapidly growing segment in the global home care medical device market due to its mobility characteristic for aging population and its performance in outdoor environment. One of the major drivers of global home care medical equipment is the increasing incidence of chronic obstructive pulmonary disease (COPD) and other respiratory conditions in which oxygen is able to dramatically improve the quality of oxygen. life. Portable devices have become affordable and allow a mobile lifestyle even on oxygen. Stationary oxygen concentrators are required for nighttime use by patients using portable oxygen concentrators during the day. The impact of direct sales via the Internet has resulted in a consolidation of distribution channels, resulting in a decrease in the number of distributors in the global home care equipment market.

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Home Care Medical Devices Market: Regional Overview

With regard to regions, the home care medical devices market is categorized into regions namely, North America, Eastern Europe, Western Europe, Latin America, Japan, Asia-Pacific excluding Japan (APEJ), Middle East and Africa (MEA). North America is the largest market for home care medical devices, followed by Western Europe, attributed to the increase in the elderly population in these regions. Asia-Pacific excluding Japan (APEJ) and Japan are experiencing significant growth, followed by the Middle East and Africa.

Home Care Medical Device Market: Overview

According to the American Association for Homecare, more than 8 million Americans depend on durable home medical equipment and services to treat conditions such as multiple sclerosis, Lou Gehrig’s disease, spinal cord injuries, lung diseases such as chronic obstructive pulmonary disease (COPD), congestive heart heart failure, sleep apnea and diabetes. Fueled by the growing number of elderly people and technological advancements, the global home care market has grown significantly over the past decade. Rising healthcare costs, which has shifted the focus of healthcare from hospitals to the home, has been a critical factor in the growth of this market. Government initiatives to support home health care further propel the market. However, the limited insurance coverage for home care devices and the risk to the safety of patients and home care workers are the major deterrents that are holding back the growth of the market.

Key players:

  • AirSep
  • SeQual
  • Driving Medical
  • Graham Field
  • Inogenous
  • Invacare
  • Mayra
  • Nordic / Handicare / Permobil
  • O2Concepts Oxlife
  • Philips Respironics
  • Pride
  • Sunrise Médica
  • eijin and TiLite.

The report covers a comprehensive analysis on:

  • Market segments
  • Market dynamics
  • Market size
  • Offer and demand
  • Current trends / issues / challenges
  • Competition & Companies involved
  • Technology
  • Value chain

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Regional analysis includes

  • North America (United States, Canada)
  • Latin America (Mexico, Brazil, rest of Latin America)
  • Western Europe (Germany, Italy, United Kingdom, Spain, France, Nordic countries, BENELUX, rest of Western Europe)
  • Eastern Europe (Russia, Poland, rest of Eastern Europe)
  • Asia-Pacific excluding Japan (China, India, ASEAN, Australia and New Zealand, rest of APEJ)
  • Japan
  • Middle East and Africa (GCC countries, South Africa, North Africa, rest of MEA)

The report is a compilation of first-hand information, qualitative and quantitative assessments by industry analysts, contributions from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators and driving factors along with market attractiveness by segment. The report also maps the qualitative impact of various market factors on market segments and geographies.

Home care medical devices market: segmentation

The home care medical devices market is categorized on the basis of product type, distribution channels, and geography.

Based on the product type, the global home care medical devices market is segmented as follows:

  • Wheel chairs
  • Scooters
  • Oxygen treatment equipment
  • Accessibility beds
  • Elevators
  • Bathroom
  • Others

On the basis of distribution channel, the global home care medical devices market is segmented as follows:

  • Direct distribution channel
  • Sold online

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Highlights of the report:

  • Detailed overview of the parent market
  • Changing market dynamics in the industry
  • Deep market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, promising growth geographic areas
  • A neutral perspective on market performance
  • Indispensable information for market players to maintain and improve their market footprint

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