The US home medical equipment market is anticipated to grow at a considerable CAGR of 5.4% during the forecast period (2020-2026). The high incidences of chronic diseases and the high number of geriatric populations is the major factor influencing the US home medical equipment industry. Blood pressure and diabetes are among the most common disease in the country and the equipment used in such conditions as BP and diabetes monitors have experienced a significant increase in sales in the last decade.
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According to the US Center for Disease Control and Prevention (CDC), nearly half of adults in the US (108 million, or 45%) have hypertension defined as a systolic blood pressure ? 130 mm Hg or a diastolic blood pressure ? 80 mm Hg. Similarly, according to the US Nation Diabetes Statistics Report 2020 by CDC, newly diagnosed cases of type 1 and type 2 diabetes have significantly increased among the youth of the country.
Moreover, the development of technologies and changing lifestyles is also driving the adoption of home medical equipment instead of long hospital stays. Furthermore, the strong presence of players in the country such as Abbott Laboratories, GF Health Products, Inc., Hill-Rom Holdings, Inc., Invacare Corp., Rotech Healthcare Inc., and Cardinal Health Inc. among others are also significantly impacting the US medical equipment market.
Market Coverage
- The market number available for – 2019-2026
- Base year- 2019
- Forecast period- 2020-2026
Segment Covered-
- By Type
- By Distribution Channel
- Competitive Landscape- Becton, Dickinson and Co., General Electric Co., GF Health Products, Inc., Invacare Corp., Abbott Laboratories
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Key questions addressed by the report
- What is the market growth rate?
- Which segment dominates the market in the base year?
- Which segment will project the fastest growth in the market?
- How COVID-19 impacted the market?
- Recovery Timeline
- Deviation from the pre-COVID-19 forecast
- Most affected segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
US Home Medical Equipment Market Report Segment
By Type
- Diagnostic & Monitoring Device
- Therapeutic Devices
- Mobility Care Devices
- Medical Furniture
By Distribution Channel
- Online
- Offline
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
