Global Market Report on Home Medical Equipment Technologies

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Global Report on Home Medical Equipment
Technologies
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Summary
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
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-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
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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.
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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 -Analyze the
historical and current value of shipments of each
of these product segments in specified
applications, end-users and geographical markets.
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-Forecast the value of future shipments by
segment. -Identify promising new technologies
and products still in the RD stage that are
likely to be successfully commercialized within
the next five years. 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.
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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 patients body. -Is appropriate for
use in the home.
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While the reports 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.
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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.
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Table of Contents
1 INTRODUCTION 2 EXECUTIVE SUMMARY 3
OVERVIEW 4 GLOBAL HME MARKETS 5 THE NORTH
AMERICAN MARKET 6 THE EUROPEAN UNION MARKET 7
THE JAPANESE MARKET 8 THE BRIC COUNTRIES
MARKET 9 REST OF THE WORLD MARKETS 10 APPENDIX
A PATENT ANALYSIS
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of Contents, please visit Global Report on Home
Medical Equipment Technologies Contact Us-
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