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Global Markets and Technologies for Home Medical Equipment

  • December 2015
  • -
  • BCC Research
  • -
  • 153 pages

Summary

Table of Contents

This BCC Research 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.Includes forecasts through 2020.

Use this report to:

Analyze the dynamics of the global market for home medical equipment (HME).
Identify and segment the main types of commercialized HME.
Identify promising new technologies and products still in the R&D stage that are likely to be successfully commercialized within the next five years.
Gain information on leading HME vendors.

Highlights

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, with a compound annual growth rate (CAGR) of 9.7% between 2015 and 2020.
The HME market for monitors, sensors and telemetry devices accounts for the largest share of the market and is expected to grow from $15.6 billion in 2015 to $27.6 billion in 2020, a CAGR of 12%.
Therapeutic devices as a segment of this market are expected to grow from nearly $6.3 billion in 2015 to $10.0 billion by 2020, a CAGR of 9.9%.

INTRODUCTION

Home medical equipment (HME) is a multibillion-dollar industry. Since BCC Research 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.

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:

Identify and segment the main types of commercialized HME.
Analyze the historical and current value of shipments of each of these product segments in specified applications, end-users and geographical markets.
Identify and evaluate the impact of demographic, technological and regulatory factors that will drive demand in each of these segments.
Forecast the value of future shipments by segment.
Identify promising new technologies and products still in the R&D stage that are likely to be successfully commercialized within the next five years.
Identify leading HME vendors.

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