The global home medical equipment market is anticipated to grow at a CAGR of 6%, during the forecast period. Increasing incidence and prevalence rate of various chronic diseases, such as diabetes, asthma, and CVD is the major factor that is augmenting the global market growth. Due to increasing patient base regarding chronic diseases, the home care solution is experiencing continuous growth across the globe. There are several institutions and organizations along with hospitals, that are providing healthcare solutions to the people at their remote location that provides considerable growth opportunity to the home medical equipment market.
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Moreover, various government organizations conduct programs and schedules to treat chronic diseases to people. For instance, Canada Respiratory Home care Solution provides various facilities such as 24/7 oxygen support, clinical education and oxygen support. The organization offers oxygen cylinder, oxygen concentrator, home fill oxygen system and others. Additionally, the increasing demand for wearable healthcare devices, such as smartwatches and monitoring devices, due to rising awareness related to healthcare and the sedentary lifestyle, further contribute to the market growth. One of the finest instances of a popular diabetic wearable medical device is ‘continuous glucose monitoring system’. This wearable device tracks an individual’s glucose level round the clock specifying the high and lows of glucose levels for quick action.
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Global Home Medical Equipment Market Segmentation
By Type
· Diagnostic and Monitoring Device
· Blood Pressure Monitors
· Glucose Monitoring Devices
· Others (Pregnancy and Ovulation Kits)
· Therapeutic Devices
· Dialysis Equipment
· Respiratory Equipment
· Others (Sleep Apnea Therapeutic Devices)
· Mobility Care Devices
· Wheelchair
· Mobility Scooters
· Walkers, Canes, and Crutches
· Medical Furniture
· Others (Rollators)
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
