US Home Medical Equipment Market Size, Share and Forecast 2020-2026
The US home medical equipment market is anticipated to grow at a considerable CAGR of 5.4% during the forecast period (2020-2026). The high incidences of chronic diseases and the high number of geriatric populations is the major factor influencing the US home medical equipment industry. Blood pressure and diabetes are among the most common disease in the country and the equipment used in such conditions as BP and diabetes monitors have experienced a significant increase in sales in the last decade.
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According to the US Center for Disease Control and Prevention (CDC),
nearly half of adults in the US (108 million, or 45%) have hypertension defined
as a systolic blood pressure ? 130 mm Hg or a diastolic blood pressure ? 80 mm
Hg. Similarly, according to the US Nation Diabetes Statistics Report 2020 by
CDC, newly diagnosed cases of type 1 and type 2 diabetes have significantly
increased among the youth of the country.
Moreover, the development of technologies and changing lifestyles is also driving the adoption of home medical equipment instead of long hospital stays. Furthermore, the strong presence of players in the country such as Abbott Laboratories, GF Health Products, Inc., Hill-Rom Holdings, Inc., Invacare Corp., Rotech Healthcare Inc., and Cardinal Health Inc. among others are also significantly impacting the US medical equipment market.
Market
Coverage
·
The
market number available for – 2019-2026
·
Base
year- 2019
·
Forecast
period- 2020-2026
Segment
Covered-
·
By Type
·
By
Distribution Channel
·
Competitive
Landscape- Becton, Dickinson and Co., General Electric Co., GF Health Products,
Inc., Invacare Corp., Abbott Laboratories
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A
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Key questions
addressed by the report
·
What is
the market growth rate?
·
Which
segment dominates the market in the base year?
·
Which segment
will project the fastest growth in the market?
·
How
COVID-19 impacted the market?
·
Recovery
Timeline
·
Deviation
from the pre-COVID-19 forecast
·
Most
affected segment
·
Who is
the leader in the market?
·
How
players are addressing challenges to sustain growth?
·
Where
is the investment opportunity?
US Home
Medical Equipment Market Report Segment
By Type
·
Diagnostic
& Monitoring Device
·
Therapeutic
Devices
·
Mobility
Care Devices
·
Medical
Furniture
By
Distribution Channel
·
Online
·
Offline
Company
Profiles
·
Abbott
Laboratories
·
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.
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