Bharat Book

Global Market Report on Home Medical Equipment Technologies

Press Release   •   Dec 25, 2015 14:16 IST

Dec 25 2015 Mumbai, India: Bharatbook.com announces a report on “ Global Market Report on Home Medical Equipment Technologies ”. These trends are global, at least in advanced industrial nations, but most published analyses of the HME industry focus on the U.S. market.

The global market for home medical equipment (HME) is expected to grow from $27.8 billion in 2015 to nearly $44.3 billion by 2020, a compound annual growth rate (CAGR) of 9.7% between 2015 and 2020.

This report provides:

-An overview of the global markets for home medical equipment

-Analyses of global market trends, with data from 2014, 2015, and projections of compound annual growth rates (CAGRs) through 2020

-Major product types and applications, both commercial and developmental

-Analyses of the impact of demographic, technological, regulatory and other factors that will drive future demand in different segments

-Market size and segmentation, including historical data on sales by product type and geographical breakdowns

-Evaluation of the market's dynamics, specifically growth drivers, restraints, and opportunities

-A relevant patent analysis

-Profiles of major players in the home medical equipment industry

INTRODUCTION

Home medical equipment (HME) is a multibillion-dollar industry. Since the report published its last HME study in 2012, the market has continued to evolve as the population ages and a growing number of seniors are financially able to live in their own home instead of a nursing home or other institutional care facility. Economic trends, such as the rising cost of institutional care, plus a growing receptivity to home health care among physicians and private and public insurers, are also driving the market.

These demographic and attitudinal shifts are being reinforced by technological developments, such as wireless remote monitoring, to meet the demand for treatments stemming from increasing incidences of heart disease and other conditions requiring close patient monitoring.

STUDY BACKGROUND

These trends are global, at least in advanced industrial nations, but most published analyses of the HME industry focus on the U.S. market. Since U.S. medical equipment manufacturers are among the largest suppliers to the global health care market, they need to acquire the latest data on international markets for their products, including HME.

STUDY GOALS AND OBJECTIVES

This report is intended to provide an objective, quantitative analysis that addresses the global market for HME in the context of technological change and an evolving market. Specific objectives:

-Identify and segment the main types of commercialized HME.

-Analyze the historical and current value of shipments of each of these product segments in specified applications, end-users and geographical markets.

-Identify and evaluate the impact of demographic, technological and regulatory factors that will drive demand in each of these segments.

-Forecast the value of future shipments by segment.

-Identify promising new technologies and products still in the R&D stage that are likely to be successfully commercialized within the next five years.

-Identify leading HME vendors.

INTENDED AUDIENCE

The report has been written for the entire medical and health care community, but has been especially tailored for readers with an interest in the marketing and management dimensions of home medical equipment:

Manufacturers and distributors of HME.
Regulators and health insurers.
Investors.
The financial and analyst communities.

SCOPE AND FORMAT

This report is an analytical business tool whose primary purpose is to describe and analyze the dynamics of the global market for home medical equipment. HME is defined as durable equipment, e.g. equipment with an expected service life of at least three years that meets the following criteria:

-Can withstand repeated use.

-Is primarily and customarily used to serve a medical purpose.

-Is generally not useful to a person in the absence of an illness or injury.

-Is not implanted inside the patient’s body.

-Is appropriate for use in the home.

-Does not require a trained medical professional to operate.

-Usually requires a doctor’s prescription to buy (excluding most canes, walkers and other elderly and disabled assistive devices).

-Does not generally include drugs and other consumables.

While the report’s coverage is global, it focuses on selected international HME markets including:

-North America (U.S. and Canada).

-European Union (France, Germany, Italy, U.K., other European countries).

-Japan.

-BRIC nations (Brazil, Russia, India, China).

-Rest of the world.

The report includes sections on the following topics:

-Major product types and applications, both commercial and in development.

-Market size and segmentation, including historical data on sales by product type and geographical market.

-Market drivers and constraints.

-Detailed market projections through 2016.

-Patent analysis.

-Competitor profiles

METHODOLOGY AND INFORMATION SOURCES

This study was prepared using both primary and secondary research methodologies. The findings and conclusions of this report are based on information gathered from manufacturers and distributors of HME, multilateral and government agencies, caregivers, insurance companies and other knowledgeable sources. Interview data were combined with information gathered through an extensive review of secondary sources such as trade publications, trade associations, company literature and online databases to produce the baseline market estimates contained in this report.

The base year for analysis and projection is 2014 with market projections developed for 2015 through 2020. These projections are based on a consensus among primary research sources as well as our understanding of key market drivers and their impact from a historical and analytical perspective. The analytical methodologies used to generate the market estimates are described in detail in the section entitled "Detailed Market Projections."

All dollar projections presented in this report are in 2014 constant dollars.

For more information kindly visit : https://www.bharatbook.com/medical-devices-market-research-reports-556655/global-technologies-home-medical-equipment.html

Related Reports : https://www.bharatbook.com/life-sciences-market-research-report/medical-devices.html

About Bharat Book Bureau :

Bharat Book Bureau is the leading market research information provider for market research reports, company profiles, industry analysis, country reports , business reports, newsletters and online databases Bharat Book Bureau provides over a million reports from more than 400 publishers around the globe. We cover sectors starting from Aeronautics to Zoology.

In case the reports don’t match your requirement then we can do a specialized Custom Research for you. Our multifarious capabilities, cross-sector expertise and detailed knowledge of various markets, put us in a unique position to take up Custom Research demands of yourself.

OR

Contact us at :

Bharat Book Bureau

Tel: +91 22 27810772 / 27810773

Email: info@bharatbook.com

Website: www.bharatbook.com

Follow us on Twitter: https://twitter.com/researchbook

Follow us on Linked In : http://www.linkedin.com/company/bharat-book-bureau

Our Blog : https://www.bharatbook.com/blog/

Bharat Book Bureau, the leading market research information aggregator provides market research reports, company profiles, country reports, newsletters, and online databases for the past twenty four years to corporate, consulting firms, academic institutions, government departments, agencies etc., globally, including India. Our market research reports help global companies to know different market before starting up business / expanding in different countries across the world.