The Home Healthcare Equipment Global Market Report 2023 by The Business Research Company, provides home healthcare equipment market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Home Healthcare Equipment Global Market Report 2023, the market size is expected to grow from $31.99 billion in 2022 to $34.44 billion in 2023 at a compound annual growth rate (CAGR) of 7.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global home healthcare equipment is expected to grow to $45.8 billion in 2027 at a CAGR of 7.4%.
The rise in the ageing population is expected to propel the growth of the home healthcare equipment market going forward. Ageing population refers to an increase in the proportion of elderly people due to changes in the age structure of a population. This demographic shift has resulted in an increase in the number and proportion of people over the age of 60. Home healthcare equipment helps the ageing population gain control over their bodies, enhance their strength, prevent injuries, and treat common illnesses and disorders without having to visit the doctor on a regular basis.
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The home healthcare equipment market is segmented:
1) By Product: Blood Glucose Monitor, Blood Pressure Monitor, Rehabilitation equipment, Other Product
2) By Service: Rehabilitation, Infusion Therapy, Unskilled Care, Respiratory Therapy, Pregnancy Care, Skilled Nursing, Hospice and Palliative Care
3) By Application: Diagnostics and Monitoring, Therapeutics, Care and Rehabilitation, Other Application
4) By End User: Hospitals or Clinics or Diagnostic Lab, Research and Development Centre, Home Care Settings
Technological advancements are a key trend gaining popularity in the home healthcare equipment market. Companies operating in the home healthcare equipment market are adopting new technologies to sustain their position in the market. For instance, in October 2022, CommScope, a US-based network infrastructure provider, launched the HomeSight system for healthcare and homecare. This system integrates a TV-connected smart camera with an edge computer, a robust cloud service for data transfer and device administration, environmental sensors, and an LTE connectivity module for households without broadband access or as a backup connection. This enhanced end-user experience improves patient availability, engagement, and uptake of care services, while minimising the need for in-person appointments or visits.
The home healthcare equipment market report table of contents includes:
1. Executive Summary
2. Home Healthcare Equipment Market Characteristics
3. Home Healthcare Equipment Market Trends And Strategies
4. Home Healthcare Equipment Market - Macro Economic Scenario
5. Home Healthcare Equipment Market Size And Growth
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26. Africa Home Healthcare Equipment Market
27. Home Healthcare Equipment Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Home Healthcare Equipment Market
29. Home Healthcare Equipment Market Future Outlook and Potential Analysis
30. Appendix
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ResearchForetell has published a report entitled Global Home Healthcare Equipment Market Research Report 2021 that is a detailed observation of several aspects, including the rate of growth, technological advances and various strategies implemented by the main current market players.
The report is based on a collective analysis of data, which is obtained through primary and secondary research.
It provides a systematic approach to the current and prospective scenario of this market.Request sample copy of this report at https://www.researchforetell.com/reports/42786/home-healthcare-equipment-market---global-outlook-and-forecast-2021-2027/requestThis report contains market size and forecasts of Home Healthcare Equipment in Global, including the following market information:Global Home Healthcare Equipment Market Revenue, 2016-2021, 2022-2027, ($ millions)Global top five companies in 2020 (%)The global Home Healthcare Equipment market was valued at 19350 million in 2020 and is projected to reach US$ 23420 million by 2027, at a CAGR of 4.9% during the forecast period.MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Home Healthcare Equipment companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.Total Market by Segment:Global Home Healthcare Equipment Market, By Type, 2016-2021, 2022-2027 ($ millions)Global Home Healthcare Equipment Market Segment Percentages, By Type, 2020 (%) Blood Glucose Monitor Blood Pressure Monitor Rehabilitation equipment OthersChina Home Healthcare Equipment Market, By Application, 2016-2021, 2022-2027 ($ millions)China Home Healthcare Equipment Market Segment Percentages, By Application, 2020 (%) Diagnostics and Monitoring Therapeutics Care and Rehabilitation OthersGlobal Home Healthcare Equipment Market, By Region and Country, 2016-2021, 2022-2027 ($ Millions)Global Home Healthcare Equipment Market Segment Percentages, By Region and Country, 2020 (%) North America US Canada Mexico Europe Germany France U.K. Italy Russia Nordic Countries Benelux Rest of Europe Asia China Japan South Korea Southeast Asia India Rest of Asia South America Brazil Argentina Rest of South America Middle East & Africa Turkey Israel Saudi Arabia UAE Rest of Middle East & AfricaCompetitor AnalysisThe report also provides analysis of leading market participants including:Total Home Healthcare Equipment Market Competitors Revenues in Global, by Players 2016-2021 (Estimated), ($ millions)Total Home Healthcare Equipment Market Competitors Revenues Share in Global, by Players 2020 (%)Further, the report presents profiles of competitors in the market, including the following: Lifescan Medtronic A Company, Limited Abbott Laboratories Omron Corporation Roche Panasonic Yuwell SANNUO OSIM Siemens Insulet Animas Microlife Phonak William Demant InvacareThe report collects relevant data in a method that allows readers to understand individual elements and their interactions in the current market scenario.
It focuses on the necessary modifications for new and existing businesses to evolve and adapt to future trends in this market.
In addition, it helps the reader to identify salient features of the Global Home Healthcare Equipment Market Research Report 2021 and provides sufficient statistical data to understand its operation.
It also examines possible deficiencies along with the problems encountered by new and predominant companies.To conclude, this Home Healthcare Equipment Market report covers all the necessary financial, economic and social factors relevant to the industry enhancing the reader with the information required to make an informed decision.The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
