The Insight Partners adds “Home Medical Equipment Market Forecast to 2028 – COVID-19 Impact and Global Analysis” to its store providing analysis of the current and future market competition in the market. Insightful review of the key industry drivers, opportunities, barriers and challenges. Each trend is independently researched to provide qualitative analysis of its implications. The study provides details such as the market share, Market Insights, Strategic Insights, Segmentation and key players in the Home Medical Equipment Market.
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Home medical equipment are medical devices that offer safe, convenient, cost-effective, and suitable environment to patients within their home. The home medical equipment market has transformed within recent years, owing to increase in prevalence of various chronic diseases across the globe.
- Abbott Laboratories
- B Braun Melsungen Ag
- Baxter International Incorporated
- Becton, Dickinson and Company
- General Electric Company
- Hill-Rom Holdings Incorporated
- Johnson & Johnson
- Medtronic plc
- Smith and Nephew plc
- Invacare Corporation
The Covid-19 (coronavirus) pandemic is impacting society and the overall economy across the world. The impact of this pandemic is growing day by day as well as affecting the supply chain. The COVID-19 crisis is creating uncertainty in the stock market, massive slowing of supply chain, falling business confidence, and increasing panic among the customer segments. The overall effect of the pandemic is impacting the production process of several industries. This report on ‘Home Medical Equipment Market’ provides the analysis on impact on Covid-19 on various business segments and country markets. The reports also showcase market trends and forecast to 2028, factoring the impact of Covid -19 Situation.
The home medical equipment market is segmented on the basis of functionality, distribution channel. On the basis of functionality, the market is segmented therapeutic equipment, patient monitoring equipment, mobility assist and patient support equipment. On the basis of distribution channel, the market is segmented into pharmacies, retail medical stores, and online retailers.
The home medical equipment market is driving due to increasing geriatric population with decreased mobility profile, rising preference for home care, and rapid technological advancements. However, surge in concerns related to patient safety and difficulty in adapting to medical devices might hamper the market growth in the review period.
The researchers have analysed the competitive advantages of those involved in the industries or in the In Home Medical Equipment industry. While historical years were taken as 2021 – 2028, the base year for the study was 2021. Similarly, the report has given its projection for the year 2021 apart from the outlook for years 2021 – 2028.
The objective of the researchers is to find out the sales, value, and status of the In Home Medical Equipment industry at the international levels. While the status covers the years of 2021 – 2028, the forecast is for the period 2021 – 2028 that will enable market players to not only plan but also execute strategies based on the market needs.
The research provides answers to the following key questions:
- What is the estimated growth rate of the market for the forecast period 2021–2028? What will be the market size during the estimated period?
- What are the key driving forces responsible for shaping the fate of the Home Medical Equipment market during the forecast period?
- Who are the major market vendors and what are the winning strategies that have helped them occupy a strong foothold in the Home Medical Equipment market?
- What are the prominent market trends influencing the development of the Home Medical Equipment market across different regions?
- What are the major threats and challenges likely to act as a barrier in the growth of the Home Medical Equipment market?
- What are the major opportunities the market leaders can rely on to gain success and profitability?
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