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US Home Medical Equipment Market

  • March 2014
  • -
  • Freedonia
  • -
  • 282 pages

US demand to rise 8.2% annually through 2018

US demand for home medical equipment is forecast to grow 8.2 percent annually to $12.6 billion in 2018. Advances in the technological capabilities of products such as portable oxygen concentrators, remote telemedicine systems, and home dialysis machines will underlie growth. The introduction of new and improved devices and equipment will expand the number of medical conditions and patients adaptable to effective home treatment, management, and monitoring. Cost saving advantages will promote the increasing substitution of home health care for hospital, ambulatory, and nursing home procedures whenever feasible.

Telemedicine devices to post strongest gains

Among all types of home medical equipment, remote monitoring and realtime systems based on telemedicine technology will generate the fastest revenue growth as physicians, hospitals and other medical providers are pressured by health insurers to become more accountable for improving patient outcomes and controlling treatment costs. By contrast, demand for conventional patient monitors will expand at a below average pace due to competition from telemedicine devices.

Home therapeutic equipment to remain dominant segment

A rising prevalence of chronic conditions, especially respiratory disorders, kidney failure, and cancer, will boost demand for home therapeutic equipment -- the dominant product segment -- up at a strong annual pace through 2018. Portable oxygen concentrators for treating chronic obstructive pulmonary disease (COPD), continuous positive
airway pressure (CPAP) products for managing obstructive sleep apnea, and ventilators and accessories for alleviating severe breathing impairments will exhibit the fastest growing sales among home respiratory therapy equipment. Demand for dialysis equipment will expand at a strong double digit pace, spurred by the increasing availability of portable dialysate delivery machines as well as by upward trends in the incidence of end-stage renal disease. By contrast, the market for IV equipment will rise well below the average pace of home medical equipment due to multiple supplier availability, intensifying pricing pressures, and advances in alternative oral, inhalation, and topical drug therapies. Automated external defibrillators, negative pressure wound therapy products, and muscle and nerve stimulators will see the fastest growth in demand value among other home therapeutic equipment as home health care providers assume an expanding role in preventive medicine, the healing of major wounds, and overall pain management.

Wheelchairs to remain key mobility assist equipment

Demand for mobility assist and other home patient support equipment is forecast to increase at a below average annual pace through 2018. Wheelchairs will continue to dominate revenues as aging population trends lead to a rising incidence of activity-limiting orthopedic impairments. However, home medical furniture and bathroom safety products will post faster growth in demand as an increasing number of elderly and disabled individuals adapt their residences to home health care treatment to avoid transfer to nursing homes or assisted living facilities.

Study coverage

This upcoming industry study presents historical demand data for 2003, 2008 and 2013, plus forecasts for 2018 and 2023 by equipment type. The study also considers market environment factors, evaluates company market share and profiles 30 industry players such as Royal Philips Electronics, Res-Med and Invacare.

Table Of Contents

US Home Medical Equipment Market
Executive Summ ary
1 Summary Table
Market Environment
General
Macroeconomic Trends
Demographic Patterns
Trends in Health Care
Health Insurance and the Affordable Care Act
Medical Conditions
National Health Expenditures
Medical Providers
Patient Activity
Medical Product Demand

LIST OF TABLES and CHARTS:

1 Macroeconomic Indicators
2 Population by Age Group
3 Health Insurance Coverage
of the US Population
4 Acute Conditions by Type
5 Chronic Conditions by Type
6 National Health Expenditures by Type
7 National Health Expenditures
by Funding Source
8 Medical Providers by Type
9 Patient Activity by Type
10 Medical Product Demand by Type

HOME HEALTH CAR E OVERVI EW

General
Patient Trends and Projections
Regulation
Home Medical Equipment Market
Historical Home Medical Equipment
Demand, 2003-2013
Historical Demand Patterns
US Trade
International Markets

LIST OF TABLES and CHARTS:

1 Home Health Care Patients by Age Group
2 Home Medical Equipment Demand
Cht Home Medical Equipment Demand
by Product Group, 2013
3 Historical Home Medical Equipment
Demand 2003-2013
4 US Trade in Home Medical Equipment
5 World Home Medical Equipment Demand

HOME THERA PEUTIC EQUIPMENT

General
Home Respiratory Therapy Equipment
Home Continuous Positive
Airway Pressure Products
Home CPAP Machines
Home CPAP Masks and Related Interfaces
Home CPAP Accessories
Home Oxygen Delivery Products
Oxygen Concentrators
Oxygen Cannula
Liquid Oxygen Containers
Other Home Oxygen Delivery Equipment
Home Nebulizers and Accessories
Home Medical Ventilators and Accessories
Home Medical Humidifiers
Home Dialysis Equipment
Peritoneal Dialysis Products
Hemodialysis Products
Home IV Administration Products
IV Administration Sets
IV Pumps
IV Accessories
Other Home Therapeutic Equipment
Physical Therapy Equipment
Negative Pressure Wound Therapy Devices
Braces and Related Products
Enteral Feeding Products
Automated External Defibrillators
Muscle and Nerve Stimulators

LIST OF TABLES and CHARTS:

1 Home Therapeutic Equipment
Demand by Product Group
Cht Home Therapeutic Equipment Demand
by Product Group, 2013
2 Home Respiratory Equipment
Demand by Product Group
3 Home Continuous Positive Airway Pressure
(CPAP) Product Demand by Product Group
4 Home CPAP Machine Demand
5 Home CPAP Mask and Relatd Interface Demand
6 Home CPAP Accessories Demand
7 Home Oxygen Delivery Equipment
Demand by Product Group
8 Home Oxygen Concentrator Demand
9 Home Oxygen Cannula Demand
10 Home Liquid Oxygen Container Demand
11 Other Home Oxygen Delivery
Equipment Demand
12 Home Nebulizer and Accessories Demand
13 Home Medical Ventilator/Accessories Demand
14 Home Medical Humidifier Demand
15 Home Dialysis Equipment Demand
by Product Group
16 Home Peritoneal Dialysis Equipment Demand
17 Home Hemodialysis Equipment Demand
18 Home IV Administration Equipment
Demand by Product Group
19 Home IV Administration Set Demand
20 Home IV Administration Pump Demand
21 Home IV Administration Accessories Demand
22 Other Home Therapeutic Equipment
Demand by Product Group
23 Home Physical Therapy Product Demand
24 Home Negative Pressure Wound
Therapy Device Demand
25 Home Brace and Related Product Demand
26 Home Enteral Feeding Product Demand
27 Home Automated External
Defibrillator Demand
28 Home Muscle and Nerve Stimulator Demand

HOME PATIENT MONITORI NG EQUIPMENT

General
Conventional Home Patient Monitors
Blood Glucose Monitors
Blood Pressure Monitors
Holter Monitors
Peak Flow Meters
Apnea Monitors
Heart Rate Monitors
Baby Monitors
Electronic Thermometers
Coagulation Monitors
Telemedicine Home Patient Monitoring Systems
Remote Patient Monitoring Systems
Real-Time Patient Monitoring Systems

LIST OF TABLES and CHARTS:

1 Home Patient Monitoring Equipment
Demand by Product Group
Cht Home Patient Monitoring Equipment
Demand by Product Group, 2013
2 Conventional Home Patient Monitor
Demand by Product Group
3 Home Blood Pressure Monitor Demand
4 Home Blood Glucose Monitor Demand
5 Home Holter Monitor Demand
6 Home Peak Flow Monitor Demand
7 Home Apnea Monitor Demand
8 Home Heart Rate Monitor Demand
9 Home Baby Monitor Demand
10 Home Electronic Thermometer Demand
11 Home Coagulation Monitor Demand
12 Home Telemedicine Patient Monitoring
Equipment Demand

MOBILITY ASSIST and OTHER PATIENT SUPPORT EQUIPMENT

General
Wheelchairs
Manual Wheelchairs
Powered Wheelchairs
Mobility Scooters
Walking Assist Devices
Walkers and Rollators
Canes and Walking Sticks
Crutches
Home Medical Furniture
Lift Chairs
Hospital Beds
Stair Lifts
Furniture Accessories
Bed Rails
Decubitus Products
Bed Mattresses
Overbed Tables
Trapeze Bars
Bathroom Safety Equipment
Bars, Grips, and Rails
Shower Chairs
Elevated Toilet Seats
Commodes

LIST OF TABLES and CHARTS:

1 Mobility Assist and Other Home Patient Support
Equipment Demand by Product Group
Cht Mobility Assist and Other Home Patient Support
Equipment Demand by Product Group, 2013
2 Mobility Assist Equipment Demand
by Product Group
3 Wheelchair Demand by Product Group
4 Manual Wheelchair Demand by Type
5 Powered Wheelchair Demand by Type
6 Mobility Scooter Demand by Type
7 Walking Assist Device Demand
by Product Group
8 Walker and Rollator Demand
9 Cane and Walking Stick Demand
10 Home Crutch Demand
11 Home Medical Furniture Demand
by Product Group
12 Home Lift Chair Demand
13 Home Medical Bed Demand
14 Home Stair Lift Demand
15 Medical Furniture Accessories
Demand by Type
16 Bathroom Safety Equipment Demand
by Product Group
17 Home Bathroom Bar, Grip and Rail Demand
18 Home Shower Chair Demand
19 Home Elevated Toilet Seat Demand
20 Home Commode Demand

INDUSTRY STRUCTURE

General
Market Share
Competitive Strategies
Mergers and Acquisitions
Licensing and Related Agreements
Product Development Trends
Marketing and Distribution
Manufacturing

LIST OF TABLES and CHARTS:

1 Home Medical Equipment
Sales by Company, 2013
2 Selected Acquisitions and Divestitures
3 Selected Cooperative Agreements
Company Profiles

View This Report »

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