North America 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 North American home medical equipment market is anticipated to grow at a CAGR of 5.4% during the forecast period. The growth of the market is being influenced mainly by the increasing incidences of chronic disease coupled with the high number of the aging population. Additionally, the increasing hospital charges are also driving the adoption of home care services thereby, driving the growth of the home medical equipment market in the region.
The North American home medical equipment market is segmented based on the type and distribution channel. By type, it includes 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. Other include pregnancy and ovulation kits, INR self-monitors HIV kits, and more. The therapeutics devices include dialysis equipment, respiratory equipment, cold therapy system, insulin delivery equipment, and others. Respiratory equipment is expected to hold a major market share during the forecast period. Mobility care devices include wheelchairs, mobility scooters, and walkers, rollators, canes, & crutches. Medical furniture sub-segment includes bathroom safety furniture and bedroom safety furniture. Based on the distribution channel, the market is bifurcated into online and offline channels.
Some of the key players of the North American home medical equipment market include B. Braun Melsungen AG, Abbott Laboratories, F. Hoffmann-La Roche Ltd., General Electric Co., Invacare Corp., 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 North American 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. North America Home Medical Equipment Market Research and Analysis by Type
2. North America Home Medical Equipment Market Research and Analysis by Distribution Channel
The Report Covers:
The North American home medical equipment market is anticipated to grow at a CAGR of 5.4% during the forecast period. The growth of the market is being influenced mainly by the increasing incidences of chronic disease coupled with the high number of the aging population. Additionally, the increasing hospital charges are also driving the adoption of home care services thereby, driving the growth of the home medical equipment market in the region.
The North American home medical equipment market is segmented based on the type and distribution channel. By type, it includes 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. Other include pregnancy and ovulation kits, INR self-monitors HIV kits, and more. The therapeutics devices include dialysis equipment, respiratory equipment, cold therapy system, insulin delivery equipment, and others. Respiratory equipment is expected to hold a major market share during the forecast period. Mobility care devices include wheelchairs, mobility scooters, and walkers, rollators, canes, & crutches. Medical furniture sub-segment includes bathroom safety furniture and bedroom safety furniture. Based on the distribution channel, the market is bifurcated into online and offline channels.
Some of the key players of the North American home medical equipment market include B. Braun Melsungen AG, Abbott Laboratories, F. Hoffmann-La Roche Ltd., General Electric Co., Invacare Corp., 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 North American 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. North America Home Medical Equipment Market Research and Analysis by Type
2. North America Home Medical Equipment Market Research and Analysis by Distribution Channel
The Report Covers:
- Comprehensive research methodology of the North American 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 North American home medical equipment industry.
- Insights about market determinants that are stimulating the North American home medical equipment market.
- 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.
- F. Hoffmann-La Roche Ltd.
- Fisher & Paykel Healthcare Corp Ltd.
- Fresenius Medical Care AG & Co.
- General Electric Co.
- GF Health Products, Inc.
- Hill-Rom Holdings, Inc.
- Invacare Corp.
- Johnson & Johnson
- Koninklijke Philips N.V.
- Medical Depot, Inc.
- Medtronic PLC
- Omron Healthcare, Inc.
- Rotech Healthcare Inc.
- Stryker Corp.
- Sunrise Medical, Inc.
