Home Medical Equipment Market Future and Growth by 2030

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Home Medical Equipment Market Future and Growth by 2030

Home Medical Equipment Market by Product (Therapeutic [CPAP, Nebulizer, Ventilator, Dialysis, IV Equipment] Monitoring [Cardiac, Glucose, Temperature, Apnea] Mobility Assist [Walker, Wheelchair, Scooter]) Distribution Channel – Global Forecast to 2030

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Meticulous Research^®—a leading market research company, published a research report titled, ‘Home Medical Equipment Market by Product (Therapeutic [CPAP, Nebulizer, Ventilator, Dialysis, IV Equipment] Monitoring [Cardiac, Glucose, Temperature, Apnea] Mobility Assist [Walker, Wheelchair, Scooter]) Distribution Channel - Global Forecast to 2030.’

According to this latest publication from Meticulous Research^®, the home medical equipment market is projected to reach $62.89 billion by 2030, at a CAGR of 6.8% from 2023 to 2030. The increasing prevalence of chronic diseases coupled with the geriatric population, technological advancements in home medical equipment, rising healthcare expenditure, and the increasing adoption of self-health management practices are driving the growth of this market. Furthermore, emerging economies are expected to offer significant market growth opportunities. However, the high costs of medical equipment and the absence of reimbursement for home medical equipment are expected to restrain the market's growth.

Key Players:

The key players profiled in the home medical equipment market report are Abbott Laboratories (U.S.), Amedisys, Inc (U.S.), Baxter Healthcare (U.S.), Convatec (U.K.), Fisher & Paykel Healthcare (New Zealand), Fresenius Medical Care AG & Co. KGaA (Germany), Becton, Dickinson and Company (U.S.), GE HealthCare (U.S.), Invacare Corporation (U.S.), Medtronic (Ireland), Hill-Rom Holdings, Inc. (U.S.), Smith & Nephew plc (U.K.), and Inogen, Inc. (U.S.).

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Home Medical Equipment Market: Future Outlook

The home medical equipment market is segmented by Product [Therapeutic Equipment {Home Respiratory Therapeutics Equipment (CPAP machines, CPAP accessories), Oxygen Delivery Equipment (Oxygen Concentrator, Nasal Cannula, Nebulizers, Ventilators (Invasive Ventilators, Non-invasive Ventilators), Humidifiers), Home IV Equipment (IV Pumps, IV Administration, IV Accessories), Home Dialysis Equipment (Home Peritoneal Dialysis Products (Consumables (Dialyzers, Concentrates/Dialysates, Bloodlines, Other Peritoneal Dialysis Consumables)), Devices (Center-Use, Home-Use), Home Hemodialysis Products (Consumables (Concentrates/Dialysates, Catheters, Other Hemodialysis Consumables)) Devices), Patient Monitoring Equipment (Cardiac Monitoring Equipment, Blood Glucose Monitoring Equipment, Temperature Monitoring Equipment, Apnea Monitoring Equipment, Other Patient Monitoring Equipment), Mobility Assist & Patient Support Equipment (Wheelchairs (Manual Wheelchairs, Powered Wheelchairs)), Walking Assist Device (Walker & Roller, Canes & Walking Sticks, Crutches), Bathroom Safety Equipment, Mobility Scooters, Medical Furniture & Accessories)}, Distribution Channel {Retail Medical Stores, Hospital Pharmacies, E-commerce Channels}, and Geography {North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa}.

Among the products covered in this study, the therapeutic equipment segment is expected to account for the largest share of the home medical equipment market in 2023. This segment's large market share is attributed to the benefits offered by therapeutic equipment in home care, such as increasing patient safety, managing chronic conditions effectively, enabling emergency monitoring, and facilitating the self-management of health. Therapeutic equipment encompasses various equipment used to address physical impairments and improve mobility.

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Among the distribution channels covered in this study, in 2023, the retail medical stores segment is expected to account for the largest share of the home medical equipment market. Retail medical stores have lower operating costs resulting in lower prices of home medical equipment, contributing to this segment's large market share.

Among the regions covered in this study, in 2023, North America is expected to account for the largest share of the home medical equipment market. North America’s major market share can be attributed to several factors, including the presence of prominent market players, the increasing prevalence of chronic diseases, high healthcare expenditure, the cost-effectiveness of home medical equipment, large

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Medical Equipment Maintenance Market worth $74.2 billion by 2026 - Exclusive Report by MarketsandMarkets™

Makarand Vaidya 2022-02-14

Browse and in-depth TOC on "Medical Equipment Maintenance Market"241 - Tables53 - Figures320 - PagesDownload PDF Brochure@ https://www. The diagnostic imaging equipment of device type segment to hold major market share by 2026Based on device type, the medical equipment maintenance market is segmented into diagnostic imaging equipment, patient monitoring & life support devices, endoscopic devices, surgical equipment, ophthalmology equipment, medical lasers, electrosurgical equipment, radiotherapy devices, dental equipment, laboratory equipment, and durable medical equipment. Based on application, the preventive maintenance segment is expected to account for the largest share of the Medical Equipment Maintenance market in 2020On the basis of service type, the medical equipment maintenance market is segmented into corrective, preventive, and operational maintenance. North America is expected to dominate the global medical equipment maintenance market in 2020North America, comprising the US and Canada, accounted for the largest share of the medical equipment maintenance market in 2020. Customers in North America are moving towards outsourcing maintenance services for curbing expense, which is increasing demand for medical equipment maintenance.

Who Repairs Healthcare Equipment?

Paragon Care 2022-04-27

When it comes time to purchase new healthcare equipment, there are several things you need to consider. Without scheduled maintenance, you may as well be crossing your fingers that nothing is wrong with your healthcare equipment and devices. Having anyone else perform repairs on your healthcare equipment may void the manufacturer warranty. As a healthcare provider, you also have a duty of care to your patients that any repairs and maintenance carried out on equipment is of an appropriate standard. Conducting healthcare equipment repair and maintenance is part and parcel of running a medical facility.

Russia Medical Equipment Market Trends 2024- Industry Share, Revenue, Growth Strategy, Business Challenges, Key Manufacturers and Future Investment till 2033: SPER Market Research

Versha 2024-04-12

When it comes to helping medical personnel diagnose patients correctly, treat them effectively, and improve patient outcomes, medical equipment is essential to modern healthcare. Growing Healthcare Expenditure: As healthcare facilities invest in cutting-edge equipment to improve patient care, rising public and private healthcare spending helps to fuel the medical equipment market's expansion. sample=1Impact of COVID-19 on Russia Medical Equipment MarketThe Russia market for medical equipment has been severely affected by the COVID-19 outbreak. By End User: Based on the End User, Russia Medical Equipment Market is segmented as; Clinics, Hospitals & ASCs, Others. By Region: This research also includes data for East Region, North Region, South Region, West Region.

The Impact of Medical Equipment Distributors in Vietnam on the Future of Healthcare

Chirac Jacques 2023-06-27

As a result, there has been a rise in demand for medical equipment and supplies, leading to an increase in the number of medical equipment distributors in Vietnam. The Importance of Medical Equipment Distributors in VietnamThe healthcare industry heavily relies on the availability of high-quality medical equipment, tools, and supplies. The Impact of Medical Equipment Distributors on Healthcare in VietnamMedical equipment distributors have had a significant impact on the healthcare industry in Vietnam as they have contributed immensely to the growth and development of healthcare facilities. Increased Access to Medical Equipment and SuppliesPrior to the rise of medical equipment distributors in Vietnam, healthcare facilities had limited access to medical tools, supplies, and equipment. The Future of Medical Equipment Distributors in Vietnam and HealthcareMedical equipment distributors are essential in the growth and development of the healthcare industry in Vietnam.

How To Choose Dressing drum sterilizer in India

Esporti Impex 2022-10-26

A hospital dressing drum sterilizer is one simple piece of medical equipment that plays an important role in storing & sterilizing hospital materials, surgical instruments, injections, cotton, dressing materials & other medical equipment, etc. Through these efforts, Esporti Impex is proud to announce that we have now become the leading medical equipment manufacturing company in India that manufactures quality medical equipment, laboratory equipment & best hospital dressing drum sterilizer in India. Spacious Drum SterilizerYour hospital dressing drum sterilizer needs to be specious as there are many pieces of equipment to be stored in the drum sterilizer. So make sure to choose a drum sterilizer with a good-quality closing lid. It is best suggested to check the heating effect of the dressing drum sterilizer & know how long it take to heat & cool down.

When should you apply for medical equipment loan?

Hippo Lending 2021-11-30

A large number of medical professionals use medical equipment loan. It may surprise you to learn that you are eligible for a medical practice loan if you are a non-traditional medical practitioner. They need not only to build, design, and furnish welcoming medical offices, but also to hire enough talented staff and buy the latest medical equipment and machinery to provide a high level of care. Other supplies (such as massage oils) and equipment (such as a massage table) will be needed. To meet all these requirements, medical equipment finance providers are there.

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