Asia-Pacific Home Medical Equipment Market Size, Share & Trends Analysis Report, By Type (Diagnostic & Monitoring Device, Therapeutic Devices, Mobility Care Devices, and Medical Furniture), By Distribution Channel (Online & Offline), Forecast Period 2020-2026.
The Asia-Pacific home medical equipment market is anticipated to grow at a CAGR of 7.0% during the forecast period. The growth of the market is driven by the increasing demand for convenient healthcare services. Additionally, the existence of insurance for home healthcare patients in countries with a large base of the geriatric population such as Japan is also aiding the growth of the home medical equipment market. However, the lack of adequate infrastructure in certain Asia-Pacific countries coupled with the low awareness regarding home medical equipment is a major challenge for the growth of the Asia-Pacific home medical equipment market. In addition to this, the reluctance in the adoption of home medical equipment generally by the senior population is also restraining the growth of Asia-Pacific.
Asia Pacific home medical equipment market is segmented based on the type and distribution channel. By type, the market is further segmented into diagnostic and monitoring devices, therapeutic devices, mobility care devices, and medical furniture. The diagnostic and monitoring devices include blood pressure monitoring devices, glucose monitoring devices, oxygen & airflow monitoring devices, temperature monitors, baby monitors, and others. The therapeutics devices include dialysis equipment, respiratory equipment, cold therapy system, insulin delivery equipment, and others. Insulin delivery equipment is expected to witness lucrative growth during the forecast period. Mobility care devices include wheelchairs, mobility scooters, and walkers, rollators, canes, & crutches. Medical furniture is sub-segmented into bathroom safety furniture and bedroom safety furniture. Based on the distribution channel, the market is bifurcated into online and offline channels. Online channels will witness a significant growth rate during the forecast period.
Some of the key players of the Asia-Pacific home medical equipment market include GB. Braun Melsungen AG, Abbott Laboratories, General Electric Co. Omron Healthcare, Inc., Koninklijke Philips N.V., Cardinal Health Inc., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers, and acquisitions, collaborations, and funding, to stay competitive in the market.
Research Methodology
The market study of the Asia-Pacific home medical equipment market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. the team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables the analyst to derive the closest possible figures without any major deviations in the actual number. The analysts try to contact as many executives, managers, key opinion leaders, and industry experts as to bring more authenticity to the reports.
Secondary Sources Include:
The report is intended for medical equipment manufacturers & distributors, start-ups, seed funders, venture capitalists, research organizations, and other related organizations for overall market analysis and competitive analysis. The report provides an in-depth analysis of market size, products offered by the companies, and future market opportunities. The report will serve as a source for a 360-degree analysis of the market thoroughly delivering insights into the market for making better business decisions.
Market Segmentation:
1. Asia-Pacific Home Medical Equipment Market Research and Analysis by Type
2. Asia Pacific Home Medical Equipment Market Research and Analysis by Distribution Channel
The Report Covers:
The Asia-Pacific home medical equipment market is anticipated to grow at a CAGR of 7.0% during the forecast period. The growth of the market is driven by the increasing demand for convenient healthcare services. Additionally, the existence of insurance for home healthcare patients in countries with a large base of the geriatric population such as Japan is also aiding the growth of the home medical equipment market. However, the lack of adequate infrastructure in certain Asia-Pacific countries coupled with the low awareness regarding home medical equipment is a major challenge for the growth of the Asia-Pacific home medical equipment market. In addition to this, the reluctance in the adoption of home medical equipment generally by the senior population is also restraining the growth of Asia-Pacific.
Asia Pacific home medical equipment market is segmented based on the type and distribution channel. By type, the market is further segmented into diagnostic and monitoring devices, therapeutic devices, mobility care devices, and medical furniture. The diagnostic and monitoring devices include blood pressure monitoring devices, glucose monitoring devices, oxygen & airflow monitoring devices, temperature monitors, baby monitors, and others. The therapeutics devices include dialysis equipment, respiratory equipment, cold therapy system, insulin delivery equipment, and others. Insulin delivery equipment is expected to witness lucrative growth during the forecast period. Mobility care devices include wheelchairs, mobility scooters, and walkers, rollators, canes, & crutches. Medical furniture is sub-segmented into bathroom safety furniture and bedroom safety furniture. Based on the distribution channel, the market is bifurcated into online and offline channels. Online channels will witness a significant growth rate during the forecast period.
Some of the key players of the Asia-Pacific home medical equipment market include GB. Braun Melsungen AG, Abbott Laboratories, General Electric Co. Omron Healthcare, Inc., Koninklijke Philips N.V., Cardinal Health Inc., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers, and acquisitions, collaborations, and funding, to stay competitive in the market.
Research Methodology
The market study of the Asia-Pacific home medical equipment market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. the team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables the analyst to derive the closest possible figures without any major deviations in the actual number. The analysts try to contact as many executives, managers, key opinion leaders, and industry experts as to bring more authenticity to the reports.
Secondary Sources Include:
- Financial reports of companies involved in the market.
- Whitepapers, research-papers, and news blogs.
- Company websites and their product catalog.
The report is intended for medical equipment manufacturers & distributors, start-ups, seed funders, venture capitalists, research organizations, and other related organizations for overall market analysis and competitive analysis. The report provides an in-depth analysis of market size, products offered by the companies, and future market opportunities. The report will serve as a source for a 360-degree analysis of the market thoroughly delivering insights into the market for making better business decisions.
Market Segmentation:
1. Asia-Pacific Home Medical Equipment Market Research and Analysis by Type
2. Asia Pacific Home Medical Equipment Market Research and Analysis by Distribution Channel
The Report Covers:
- Comprehensive research methodology of the Asia-Pacific home medical equipment market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the Asia-Pacific home medical equipment market.
- Insights about market determinants that are stimulating the Asia-Pacific home medical equipment industry.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
Table of Contents
1. Report Summary
2. Market Overview and Insights
3. Market Determinants
4. Market Segmentation
5. Regional Analysis
6. Company Profiles
Companies Mentioned
A selection of companies mentioned in this report includes:
- Abbott Laboratories Inc.
- Arkray Inc.
- B. Braun Melsungen AG
- Baxter International Inc
- Becton, Dickinson and Co.
- Cardinal Health Inc
- F. Hoffmann-La Roche Ltd.
- Fisher & Paykel Healthcare Corp Ltd.
- General Electric Co.
- Hill-Rom Holdings, Inc.
- Invacare Corp.
- Johnson & Johnson
- Koninklijke Philips N.V.
- Medtronic PLC
- Omron Healthcare, Inc.
