What factors driving the growth of Global Home Medical Equipment Market?: Johnson & Johnson, GE, Becton, Medtronic, Smith & Nephew, Resmed, Arkray, Carefusion and Abbott

Global Home Medical Equipment Market size was valued at $26,729 million in 2018, and is estimated to reach $40,259 million by 2027, registering a CAGR of 5.9% from 2019 to 2027.

Home medical equipment is medical devices that suggest safe, convenient, cost-effective, and suitable environment to patients inside their home. The home medical equipment market has transformed within recent years, owing to boost in occurrence of various chronic diseases across the globe. Further, oxygen-related products in home medical equipment are gaining high adoption, due to significant increase in incidence of chronic obstructive pulmonary disease (COPD) worldwide.

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Top companies profiled in the Home Medical Equipment Market report include

Abbott Laboratories, B Braun Melsungen Ag, Baxter International Incorporated, Becton, Dickinson and Company, General Electric Company, Hill-Rom Holdings Incorporated, Johnson & Johnson, Medtronic plc, and Smith & Nephew plc. The other companies that provide home medical equipment are Arkray Incorporated, Carefusion Corporation, Invacare Corporation, Medline Industries Incorporated, Omron Corporation, Resmed Corporation, and Smiths Group plc.

Research Methodology:

The report presents an actionable insight into the Home Medical Equipment, which is supported by facts and data collected through extensive primary and secondary research/. The sources referred for research include whitepaper references, SEC filings, Questionnaires, Surveys, interviews with top-level executives (VPs, CEOs, MDs, etc.). Cutting-edge algorithms are utilized for extrapolating the statistical observations. The multi-layered verification process ensures the authenticity and reliability of the information.

Home Medical Equipment Market Segmentation

Segment by Type
Glucose Meters
Insulin Pumps
Blood Pressure Devices
Home Defibrillators
TENS Devices

Segment by Application
Diagnostic Testing Devices
Treatment Equipment

Segment by Regions
North America
Europe
China
Japan
Southeast Asia
India

The objective behind the study of the Home Medical Equipment Market is to accurately describe, define, and estimate the overall size of the market. The report also includes in-detailed information concerning some of the major driving factors, challenges, and potential opportunities that lies in the market and which can have an influential role on the overall growth of the market. In the report, we properly breakdown the different segments of the Home Medical Equipment Market into different regions and ascertain the size and valuation of each of the mentioned regions. We also highlight the political, societal, and economical influences in each individual region to grab a better understanding about the geographical presence of the market.

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