Home Medical Equipment Market

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U.S. Home Medical Equipment Market
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U.S. Home Medical Equipment Market to Reach
20.41 Billion by 2027 Allied Market Research

• Increase in prevalence of chronic diseases, surge
  in geriatric populations, and technological
  advancements drive the growth of the U.S. home
  medical equipment market.
• Based on distribution channel, the online
  retailers segment is projected to portray the
  highest CAGR of 6.3 during the forecast period.
• As per the report published by Allied Market
  Research, the U.S. Home Medical Equipment Market
  was accounted for 11.53 billion in 2019, and is
  expected to reach 20.41 billion by 2027, growing
  at a CAGR of 5.6 from 2020 to 2027.
• Increase in prevalence of chronic diseases, surge
  in geriatric populations, and technological
  advancements drive the growth of the U.S. home
  medical equipment market. However, limited
  expertise for home-based users and complications
  associated with use of medical equipment hinder
  the market growth.

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Since the Covid-19 outbreak, the medical
equipment industry has witnessed positive growth.
The rise in self-isolation treatments in home has
increased the demand for home medical equipment
in the U.S.
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In addition, the devices such as oxygen delivery
equipment, continuous positive airway pressure
equipment, oxygen concentrators, ventilators,
blood glucose monitors, and blood pressure
monitor witness increased demand.
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Increase in technological advancements such as
medical beds, stair lifts, and lift chairs for
mobility assistance fueled the market growth. The
U.S. home medical equipment market is segmented
on the basis of functionality and distribution
channel.
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cal-equipment-market-A1105
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Based on functionality, the therapeutic equipment
is expected to register the highest CAGR of 6.3
during the forecast period. Moreover, the segment
held the lions share in 2019, contributing to
more than two-fifths of the market.
The report includes an in-depth analysis of the
other segments such as patient monitoring
equipment and mobility assist patient support
equipment. Based on distribution channel, the
online retailers segment is projected to portray
the highest CAGR of 6.3 during the forecast
period.
However, the retail pharmacies segment held the
largest share in 2019, accounting for nearly half
of the total market revenue.The U.S. home medical
equipment market includes an in-depth analysis of
the prime market players such as Baxter
International Inc., Abbott Laboratories, Becton,
Dickinson and Company.
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Allied Market Research provides global
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achieve sustainable growth in their respective
market domain. We are in professional corporate
relations with various companies and this helps
us in digging out market data that helps us
generate accurate research data tables and
confirms utmost accuracy in our market
forecasting. Allied Market Research CEO Pawan
Kumar is instrumental in inspiring and
encouraging everyone associated with the company
to maintain high quality of data and help clients
in every way possible to achieve success. Each
and every data presented in the reports published
by us is extracted through primary interviews
with top officials from leading companies of
domain concerned. Our secondary data procurement
methodology includes deep online and offline
research and discussion with knowledgeable
professionals and analysts in the industry.
ABOUT US
Allied Market Research (AMR) is a full-service
market research and business-consulting wing of
Allied Analytics LLP based in Portland, Oregon.
Allied Market Research provides global
enterprises as well as medium and small
businesses with unmatched quality of "Market
Research Reports" and "Business Intelligence
Solutions." AMR has a targeted view to provide
business insights and consulting to assist its
clients to make strategic business decisions and
achieve sustainable growth in their respective
market domain.
We are in professional corporate relations with
various companies and this helps us in digging
out market data that helps us generate accurate
research data tables and confirms utmost accuracy
in our market forecasting. Allied Market Research
CEO Pawan Kumar is instrumental in inspiring and
encouraging everyone associated with the company
to maintain high quality of data and help clients
in every way possible to achieve success. Each
and every data presented in the reports published
by us is extracted through primary interviews
with top officials from leading companies of
domain concerned. Our secondary data procurement
methodology includes deep online and offline
research and discussion with knowledgeable
professionals and analysts in the industry.
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