Home Medical Equipment Market - GLOBAL INDUSTRY INSIGHTS, TRENDS, OUTLOOK, AND OPPORTUNITY ANALYSIS, 2016-2025 © Coherent market Insights. All Rights Reserved Home Medical Equipment Market Overview : Home medical equipment refers to cost-effective medical devices that help provide safe and effective treatment to patients in the comfort of their home. This significantly reduces stress related to treatment and helps in speedy recovery of patients and improves their quality of life. Home healthcare equipment is also called durable medical equipment (DME), as it is projected to tolerate repeated use by non-professionals or the patient, and is appropriate for use in home settings. It typically includes medical electric equipment such as digital blood pressure monitors, blood glucose meters, pulse oximeters, and peak flow meters. These devices are available in both hospital and home-use models, with changing features and capabilities differentiating the models. The term home healthcare equipment is also applied to products such as breast pumps, nebulizers, and artificial limbs and other prosthetic devices. Personal hygiene products, electric toothbrushes, and denture cleaners may also be covered under this broad segment. Even mechanical assist devices, such as wheelchairs, seat lifts, and walkers can be part of home healthcare equipment. It helps in reducing duration of patients’ stay in hospitals, nursing homes, or clinics. Growing geriatric population, rising incidence of chronic diseases, and growing healthcare expenditure are some of the key factors driving growth of the global home medical equipment market. Increasing consumer awareness about the convenience and cost effectiveness of deploying such products, increase in the patient preference for home-based care, rising insured population as a result of the Affordable Care Act, technological advancements such as wearable devices, tele health, mobile health applications, etc. further spur growth of the market. © Coherent market Insights. All Rights Reserved Home Medical Equipment Market On the basis of product type, the global market is segmented into: Home Tests and Patient Monitoring Equipment Home Therapeutic Equipment Patient Support Equipment In home medical equipment market, North America is the largest geographic region, followed by Europe. This is mainly attributed to robust healthcare infrastructure, technological advancement, high disposable income, and good reimbursement policies in the region. In the U.S., provisions of the Obamacare Act that provides health insurance to 30 million uninsured people in the country creates a highly conducive environment for growth of the home medical equipment market. Increasing demographics and rising healthcare spending in emerging economies such as India and China are further expected to favor growth of the market in home medical equipment. The market in the Asia Pacific region is expected to experience high growth rate in the near future due to increasing awareness and shortage of professional medical services providers in the region. Furthermore, technological innovation have led to development of advancement products which would augment growth of the market. In the global home medical equipment industry, an increasing number of mergers and acquisitions and new product launches are the latest trends that have been observed in the recent past. Fill the form for an exclusive sample of this report : https://www.coherentmarketinsights.com/insight/request-sample/233 © Coherent market Insights. All Rights Reserved Key players operating in the global home medical equipment market are : ● AstraZeneca, ● B. Braun Melsungen AG, ● Baxter, ● GE Healthcare, ● F. Hoffmann-La Roche Ltd, ● Stryker, Sunrise Medical LLC, ● ResMed, ● Philips Healthcare., ● Medline Industry, ● CareFusion Corporation, ● Abbott Laboratories. Request to view table of content @ https://www.coherentmarketinsights.com/ongoing-insight/toc/233 © Coherent market Insights. All Rights Reserved ABOUT COHERENT MARKET INSIGHTS ABOUT US Coherent Market Insights is a global market intelligence and consulting organization focused on assisting its plethora of clients achieve transformational growth by helping them make critical business decisions. 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