Home Medical Equipment: Technologies and Global Markets

June 01, 2010

Wellesley, Mass. – According to a new technical market research report, HOME MEDICAL EQUIPMENT: TECHNOLOGIES AND GLOBAL MARKETS (HLC054B) from BCC Research (www.bccresearch.com), the value of the global market for home medical equipment was an estimated $17.7 billion in 2010, but is expected to increase to nearly $23.8 billion in 2015, for a 5-year compound annual growth rate (CAGR) of 6.1%.
 
The largest segment of the market, made up of monitors, sensors, and telemetry devices, is projected to increase at a CAGR of 7%, rising to $11.3 billion in 2015, after being valued at nearly $8.1 billion in 2010.
 
The second-largest segment, assistive devices, is estimated at $5.3 billion in 2010, and is expected to increase at a 5-year CAGR of 1.7% to reach more than $5.8 billion in 2015.
 
The segment made up of therapeutic devices is expected to reach nearly $6.7 billion in 2015, after rising at a CAGR of 9.3% from its 2010 value of nearly $4.3 billion.
 
Since BCC published its last study of the home medical equipment market in 2007, the market has continued to evolve, as populations age and a growing number of older people wish and are financially able to live in their own homes for as long as possible, rather than going into a nursing home or other institutional-care facility. These demographic and attitudinal shifts in the healthcare market are reinforced by technological developments such as wireless home monitoring and economic trends such as the rising cost of institutional care, and a growing receptivity to home healthcare among physicians and private and public insurers.
 
The report has been written for the entire medical and healthcare interest community, but is tailored especially for readers with an interest in the marketing and management dimensions of home medical equipment, such as manufacturers and distributors of the equipment, regulators and health insurers, investors, and the financial and analyst community.

Home Medical Equipment: Technologies and Global Markets( HLC054B )
Publish Date: May 2010    

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