Global Home Therapeutic Equipment Market Size, Share, Growth, Global Trends, Industry Analysis and Forecast to 2027

Price: 3200/- USD | Published Date: April 20, 2021 |

The global home therapeutic equipment market size was valued at over USD 11 billion by 2020 and anticipated to register a significant CAGR of 9.2% during the forecast period from 2021 to 2027. The rising prevalence of chronic lifestyle disorders worldwide primarily drives the home therapeutic equipments market growth. Technological advancement in medical devices with the addition of excellent ergonomic features making it user-friendly and easy to operate in the homecare settings further accentuates the market growth.

A paradigm shift has occurred in the home therapeutic equipment market due to the new changes in the reimbursement scenario, complex needs of an aging population and increasing demand for outpatient settings worldwide. The few advantages associated with homecare medical settings are a reduction in mortality rate by 19% due to better functional outcomes of patients, monetary savings for home hospice in comparison to huge healthcare burden associated with inpatient hospital settings, etc.

Market Segment Insights:

Respiratory therapy equipments are representing the largest market share in the components segment for the home therapeutic equipment market. The rising prevalence of respiratory illness primarily increases the demand for the oxygen delivery systems and ventilators. The growing incidence of sleep apnea creates a lucrative market opportunity for continuous positive airway pressure therapy devices in homecare settings. Dialysis equipments are keen to register steady market growth in the near future on account of the rising prevalence of chronic kidney diseases worldwide. According to the latest statistics provided by the National Kidney Foundation (NKF), approximately 10% of the global population is suffering from chronic kidney disease.

Home Therapeutic Equipment Market Size and Forecast

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Retail outlets are currently spearheading the distribution channel segment for the home therapeutic equipment market. Consumers throughout the globe prefer visiting company retail outlets where various medical devices are kept for exhibition and there are free demonstrations regarding the operating and handling of the therapeutic equipment. E-commerce is expected to register exemplary market growth during the forecast period owing to the deep penetration of the internet and access to smartphones by the consumers and sale of therapeutic equipments at affordable prices and opportunities to win attractive discount coupons and gift vouchers.

The home therapeutic equipment comprehensive study offers an in-depth analysis of industry trends, market size, competitive analysis, and market forecast – 2020 to 2027. Research Corridor report provides detailed premium insight into the global market and reveals the potential revenue streams, commercial prospects, market drivers, challenges, opportunities, issues, and events affecting the industry. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.

The home therapeutic equipment market research report presents the analysis of each segment from 2018 to 2027 considering 2020 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2021 to 2027.

Historical & Forecast Period

  • 2018-19 – Historical Year
  • 2020 – Base Year
  • 2021-2027 – Forecast Period

Global Home Therapeutic Equipment Market Segmentation:

By Components:

  • Respiratory Therapy Equipments
  • Dialysis Equipments
  • Insulin Delivery Devices
  • Others

By Distribution Channel:

  • Supermarket
  • Retail Outlets
  • E-commerce

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Geographic Coverage:

North America is presently dominating the geography segment for the home therapeutic equipments market. The rising prevalence of chronic lifestyle disorders primarily drives the market growth in the region. As per the latest research citings presented by the Center for Disease Control and Prevention (CDC), the annual health care cost associated with the management of chronic diseases in the United States is $3.5 trillion. The presence of major players such as GE Healthcare, Smiths Medical, Becton, Dickinson and Company, Medline Industry, Inc., etc. further accelerate the market growth in the region. Europe is the second-largest regional segment on account of the significant increase in the homecare settings and rehabilitation centers to provide medical assistance to non-compliant patients. Asia Pacific is anticipated to be the fastest growing regional segment in the home therapeutic equipment market. Emergence of local players creates a huge competitive market for western giants which has a positive impact on the home therapeutic equipments market growth in the region.

Market Competition Assessment:

Key players operating in the global home therapeutic equipment market are GE Healthcare, Drägerwerk AG & Co., Medtronic, Plc, Fresenius Kabi AG, and Philips Healthcare. Companies are exploring markets by expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.

List of Key Companies:

  • GE Healthcare
  • Dragerwerk AG & Co.
  • Medtronic, Plc.
  • Fresenius Kabi AG
  • Nipro Corporation
  • Philips Healthcare
  • Smiths Medical
  • Novo Nordisk A/S
  • Becton, Dickinson and Company
  • Medline Industry, Inc.

Key Questions Answered by Home Therapeutic Equipment Market Report:

  • Global home therapeutic equipment market forecasts from 2021-2027
  • Regional home therapeutic equipment market forecasts from 2021-2027 covering Asia-Pacific, North America, Europe, Middle East and Africa, and Latin America
  • Country-level forecasts from 2021-2027 covering 15 major countries from the aforementioned regions
  • Home therapeutic equipment submarket forecasts from 2021-2027 covering the market by component, by distribution channel, and geography
  • Various industry models such as SWOT analysis, Value Chain Analysis pertaining to the home therapeutic equipment market
  • Analysis of the key factors driving and restraining the growth of the global, regional and country-level home therapeutic equipment markets from 2021-2027
  • Competitive Landscape and market positioning of top 10 players operating in the home therapeutic equipment market
Table of Content:

Chapter 1. Introduction


1.1. Objectives of the Study
1.2. Market Definition
1.3. Market Scope
1.3.1. Market Segmentation
1.3.2. Years Considered for the Study
1.4. Currency
1.5. Limitation
1.6. Market Stakeholders

 

Chapter 2. Research Methodology


2.1. Market Size Estimation
2.2. Market Breakdown and Data Triangulation
2.3. Market Share Estimation
2.4. Key Data From Secondary Sources
2.5. Key Data From Primary Sources
2.6. Key Industry Insights
2.7. Assumptions for the Study

 

Chapter 3. Executive Summary


3.1. Global Home Therapeutic Equipment Market Snapshot
3.2. Global Home Therapeutic Equipment Market, by Components, 2020 (US$ Mn)
3.3. Global Home Therapeutic Equipment Market, By Distribution Channel, 2020 (US$ Mn)
3.4. Global Home Therapeutic Equipment Market, by Geography, 2020 (US$ Mn)

 

Chapter 4. Home Therapeutic Equipment Market: Dynamics and Future Outlook


4.1. Market Overview
4.2. Drivers
4.3. Challenges
4.4. Opportunities
4.5. Attractive Investment Proposition, by Geography, 2020

 

Chapter 5. Global Home Therapeutic Equipment Market, by Components


5.1. Introduction
5.2. Respiratory Therapy Equipment
5.3. Dialysis Equipments
5.4. Insulin Delivery Devices
5.5. Others

 

Chapter 6. Global Home Therapeutic Equipment Market, By Distribution Channel


6.1. Introduction
6.2. Supermarket
6.3. Retail Outlets
6.4. E-commerce

 

Chapter 7. Global Home Therapeutic Equipment Market, by Geography


7.1. Introduction
7.1. North America Home Therapeutic Equipment Market Analysis, 2017 – 2027
7.1.1. North America Home Therapeutic Equipment Market, by Components, 2017 – 2027 (US$ Mn)
7.1.2. North America Home Therapeutic Equipment Market, By Distribution Channel, 2017 – 2027 (US$ Mn)
7.1.3. North America Home Therapeutic Equipment Market, by Country, 2017 – 2027 (US$ Mn)
7.1.3.1. U.S.
7.1.3.2. Canada
7.2. Europe Home Therapeutic Equipment Market Analysis, 2017 – 2027
7.2.1. Europe Home Therapeutic Equipment Market, by Components, 2017 – 2027 (US$ Mn)
7.2.2. Europe Home Therapeutic Equipment Market, By Distribution Channel, 2017 – 2027 (US$ Mn)
7.2.3. Europe Home Therapeutic Equipment Market, by Country, 2017 – 2027 (US$ Mn)
7.2.3.1. U.K.
7.2.3.2. Germany
7.2.3.3. Russia
7.2.3.4. France
7.2.3.5. Italy
7.2.3.6. Spain
7.2.3.7. Ukraine
7.2.3.8. Rest of Europe
7.3. Asia Pacific Home Therapeutic Equipment Market Analysis, 2017 – 2027
7.3.1. Asia Pacific Home Therapeutic Equipment Market, by Components, 2017 – 2027 (US$ Mn)
7.3.2. Asia Pacific Home Therapeutic Equipment Market, By Distribution Channel, 2017 – 2027 (US$ Mn)
7.3.3. Asia Pacific Home Therapeutic Equipment Market, by Country, 2017 – 2027 (US$ Mn)
7.3.3.1. China
7.3.3.2. Japan
7.3.3.3. Rest of Asia Pacific
7.4. Latin America Home Therapeutic Equipment Market Analysis, 2017 – 2027
7.4.1. Latin America Home Therapeutic Equipment Market, by Components, 2017 – 2027 (US$ Mn)
7.4.2. Latin America Home Therapeutic Equipment Market, By Distribution Channel, 2017 – 2027 (US$ Mn)
7.4.3. Latin America Home Therapeutic Equipment Market, by Country, 2017 – 2027 (US$ Mn)
7.4.3.1. Brazil
7.4.3.2. Mexico
7.4.3.3. Rest of Latin America
7.5. Middle East and Africa Home Therapeutic Equipment Market Analysis, 2017 – 2027
7.5.1. MEA Home Therapeutic Equipment Market, by Components, 2017 – 2027 (US$ Mn)
7.5.2. MEA Home Therapeutic Equipment Market, By Distribution Channel, 2017 – 2027 (US$ Mn)
7.5.3. MEA Home Therapeutic Equipment Market, by Country/Region, 2017 – 2027 (US$ Mn)
7.5.3.1. GCC
7.5.3.2. Rest of MEA

 

Chapter 8. Company Profiles


8.1. GE Healthcare
8.1.1. Business Description
8.1.2. Financial Information (Subject to data availability)
8.1.3. Product Portfolio
8.1.4. Recent Developments
8.1.5. SWOT Analysis
8.2. Dragerwerk AG & Co.
8.3. Medtronic, Plc.
8.4. Fresenius Kabi AG
8.5. Nipro Corporation
8.6. Philips Healthcare
8.7. Smiths Medical
8.8. Novo Nordisk A/S
8.9. Becton, Dickinson and Company
8.10. Medline Industry, Inc.

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List of Figures:

FIG. 1 Home Therapeutic Equipment: Market Segmentation
FIG. 2 Global Home Therapeutic Equipment Market, by Components, 2019 (US$ Mn)
FIG. 3 Global Home Therapeutic Equipment Market, By Distribution Channel, 2019 (US$ Mn)
FIG. 4 Global Home Therapeutic Equipment Market, by Geography, 2019 (US$ Mn)
FIG. 5 Attractive Investment Proposition: by Geography, 2019
FIG. 6 Global Respiratory Home Therapeutic Equipment Market, 2017 – 2027 (US$ Mn)
FIG. 7 Global Dialysis Home Therapeutic Equipment Market, 2017 – 2027 (US$ Mn)
FIG. 8 Global Insulin Delivery Devices Home Therapeutic Equipment Market, 2017 – 2027 (US$ Mn)
FIG. 9 Global Other Components Home Therapeutic Equipment Market, 2017 – 2027 (US$ Mn)
FIG. 10 Global Supermarket Market for Home Therapeutic Equipment, 2017 – 2027 (US$ Mn)
FIG. 11 Global Retail Outlets Market for Home Therapeutic Equipment, 2017 – 2027 (US$ Mn)
FIG. 12 Global E-commerce Market for Home Therapeutic Equipment, 2017 – 2027 (US$ Mn)
FIG. 13 U.S. Home Therapeutic Equipment Market, 2017 – 2027 (US$ Mn)
FIG. 14 Canada Home Therapeutic Equipment Market, 2017 – 2027 (US$ Mn)
FIG. 15 U.K. Home Therapeutic Equipment Market, 2017 – 2027 (US$ Mn)
FIG. 16 Germany Home Therapeutic Equipment Market, 2017 – 2027 (US$ Mn)
FIG. 17 Russia Home Therapeutic Equipment Market, 2017 – 2027 (US$ Mn)
FIG. 18 France Home Therapeutic Equipment Market, 2017 – 2027 (US$ Mn)
FIG. 19 Italy Home Therapeutic Equipment Market, 2017 – 2027 (US$ Mn)
FIG. 20 Spain Home Therapeutic Equipment Market, 2017 – 2027 (US$ Mn)
FIG. 21 Ukraine Home Therapeutic Equipment Market, 2017 – 2027 (US$ Mn)
FIG. 22 Rest of Europe Home Therapeutic Equipment Market, 2017 – 2027 (US$ Mn)
FIG. 23 China Home Therapeutic Equipment Market, 2017 – 2027 (US$ Mn)
FIG. 24 Japan Home Therapeutic Equipment Market, 2017 – 2027 (US$ Mn)
FIG. 25 Rest of Asia Pacific Home Therapeutic Equipment Market, 2017 – 2027 (US$ Mn)
FIG. 26 Brazil Home Therapeutic Equipment Market, 2017 – 2027 (US$ Mn)
FIG. 27 Mexico Home Therapeutic Equipment Market, 2017 – 2027 (US$ Mn)
FIG. 28 Rest of Latin America Home Therapeutic Equipment Market, 2017 – 2027 (US$ Mn)
FIG. 29 GCC Home Therapeutic Equipment Market, 2017 – 2027 (US$ Mn)
FIG. 30 Rest of MEA Home Therapeutic Equipment Market, 2017 – 2027 (US$ Mn)
FIG. 31 Home Therapeutic Equipment Market: Research Methodology

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List of Tables:

TABLE 1 Global Home Therapeutic Equipment Market Snapshot
TABLE 2 Global Home Therapeutic Equipment Market, by Components, 2017 – 2027 (US$ Mn)
TABLE 3 Global Home Therapeutic Equipment Market, By Distribution Channel, 2017 – 2027 (US$ Mn)
TABLE 4 Global Home Therapeutic Equipment Market, by Geography, 2017 – 2027 (US$ Mn)
TABLE 5 North America Home Therapeutic Equipment Market, by Components, 2017 – 2027 (US$ Mn)
TABLE 6 North America Home Therapeutic Equipment Market, By Distribution Channel, 2017 – 2027 (US$ Mn)
TABLE 7 North America Home Therapeutic Equipment Market, by Country, 2017 – 2027 (US$ Mn)
TABLE 8 Europe Home Therapeutic Equipment Market, by Components, 2017 – 2027 (US$ Mn)
TABLE 9 Europe Home Therapeutic Equipment Market, By Distribution Channel, 2017 – 2027 (US$ Mn)
TABLE 10 Europe Home Therapeutic Equipment Market, by Country, 2017 – 2027 (US$ Mn)
TABLE 11 Asia Pacific Home Therapeutic Equipment Market, by Components, 2017 – 2027 (US$ Mn)
TABLE 12 Asia Pacific Home Therapeutic Equipment Market, By Distribution Channel, 2017 – 2027 (US$ Mn)
TABLE 13 Asia Pacific Home Therapeutic Equipment Market, by Country, 2017 – 2027 (US$ Mn)
TABLE 14 Latin America Home Therapeutic Equipment Market, by Components, 2017 – 2027 (US$ Mn)
TABLE 15 Latin America Home Therapeutic Equipment Market, By Distribution Channel, 2017 – 2027 (US$ Mn)
TABLE 16 Latin America Home Therapeutic Equipment Market, by Country, 2017 – 2027 (US$ Mn)
TABLE 17 Middle East and Africa Home Therapeutic Equipment Market, by Components, 2017 – 2027 (US$ Mn)
TABLE 18 Middle East and Africa Home Therapeutic Equipment Market, By Distribution Channel, 2017 – 2027 (US$ Mn)
TABLE 19 Middle East and Africa Home Therapeutic Equipment Market, by Country/Region, 2017 – 2027 (US$ Mn)
TABLE 20 GE Healthcare: Company Snapshot (Business Description; Financial Information; Product Portfolio; SWOT Analysis; Recent Developments)
TABLE 21 Drägerwerk AG & Co.: Company Snapshot (Business Description; Financial Information; Product Portfolio; SWOT Analysis; Recent Developments)
TABLE 22 Medtronic, Plc.: Company Snapshot (Business Description; Financial Information; Product Portfolio; SWOT Analysis; Recent Developments)
TABLE 23 Fresenius Kabi AG.: Company Snapshot (Business Description; Financial Information; Product Portfolio; SWOT Analysis; Recent Developments)
TABLE 24 Nipro Corporation.: Company Snapshot (Business Description; Financial Information; Product Portfolio; SWOT Analysis; Recent Developments)
TABLE 25 Philips Healthcare: Company Snapshot (Business Description; Financial Information; Product Portfolio; SWOT Analysis; Recent Developments)
TABLE 26 Smiths Medical: Company Snapshot (Business Description; Financial Information; Product Portfolio; SWOT Analysis; Recent Developments)
TABLE 27 Novo Nordisk A/S: Company Snapshot (Business Description; Financial Information; Product Portfolio; SWOT Analysis; Recent Developments)
TABLE 28 Becton, Dickinson and Company: Company Snapshot (Business Description; Financial Information; Product Portfolio; SWOT Analysis; Recent Developments)
TABLE 29 Medline Industry, Inc.: Company Snapshot (Business Description; Financial Information; Product Portfolio; SWOT Analysis; Recent Developments)
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