Global Markets and Technologies for Home Medical Equipment

Published - Mar 2012| Analyst - Andrew McWilliams| Code - HLC054C
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Report Highlights

The global market for home medical equipment (HME) was worth $17.9 billion in 2010, nearly $19 billion in 2011, and is expected to reach $26.2 billion by 2016, a CAGR of 6.7%.

Report Scope

This report is an analytical business tool whose primary purpose is to describe and analyze the dynamics of the global market for home medical equipment.  Home medical equipment is defined as durable equipment (i.e., equipment with an expected service life of at least three years) that:

  • Can withstand repeated use.
  • Is primarily and customarily used to serve a medical purpose.
  • Generally is not useful to a person in the absence of an illness or injury.
  • Is not implanted inside the patient’s body.
  • Is appropriate for use in the home.
  • Does not require a trained medical professional to operate.
  • Usually requires a doctor’s prescription to buy (e.g., excludes most canes, walkers and other elderly and disabled assistive devices).
  • Generally does not include drugs and other consumables.

While the report’s coverage is global, it focuses on selected international markets for HME, including:

  • North America (United States, Canada).
  • European Union (France, Germany, Italy, U.K., other European countries).
  • Japan.
  • BRIC nations (Brazil, Russia, India, China).
  • Rest of the world.

The report includes sections on the following topics:

  • Major product types and applications, both commercial and developmental.
  • Market size and segmentation, including historical data on sales by product type and geographical market.
  • Market drivers and constraints.
  • Detailed market projections through 2016.
  • Patent analysis.
  • Competitor profiles.

Analyst Credentials

The author of this report is Andrew McWilliams.  Mr. McWilliams is a partner in the Boston-based international technology and marketing consulting firm, 43rd Parallel LLC.  In addition to being the author of the previous (2007 and 2010) editions of this report, Mr. McWilliams  is the author of several other Business Communications Company studies of health care and related industries. These include HLC016D Microelectronic Medical Implants: Products, Technologies and Opportunities;HLC036D Medical Robotics and Computer-assisted Surgery: The Global Market;  HLC038C Patient Monitoring; HLC047C Disabled and Elderly Assistive Technologies; HLC051F The Market for Minimally Invasive Medical Devices; HLC070A Preventive Healthcare Technologies, Products and Markets; and AVM050B Smart and Interactive Textiles.

Table of Contents & Pricing

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Published - May-2010| Analyst - Andrew McWilliams| Code - HLC054B

Report Highlights

  • The global market for home medical equipment (HME) was worth about $16.8 billion in 2009.  BCC expects the HME market to grow to $17.7 billion in 2010 and $23.8 billion by 2015, a CAGR of 6.1% over the next 5 years.
  • The market for therapeutic HME as a group is the fastest growing segment; their share of the total global HME market is expected to increase from about 23% to 28% by 2015. Therapeutic HME was valued at $3.9 billion in 2009 and $4.3 billion in 2010 and will be worth an estimated $6.7 billion by 2015, a compound annual growth rate (CAGR) of 9.3%.
  • Monitors, sensors, and telemetry devices account for the largest share of the HME market, mainly because of the very large market for home blood glucose testers. This segment was worth $7.7 billion in 2009 and $8 billion in 2010. By 2015, this sector will be worth an estimated $11.3 billion, a compound annual growth rate (CAGR) of 7%.

Published - Oct-2007| Analyst - Andrew McWilliams| Code - HLC054A

Report Highlights

  • The global home medical equipment market increased from about $13.9 billion in 2006 to an estimated $14.6 billion in 2007. It should reach $20.4 billion by 2012, a compound annual growth rate (CAGR) of 6.8%.
  • The United States and Canada together form the largest geographical market for HME, i.e, 34.2% of the global market.
  • Among the various diseases managed or treated with HME, diabetes accounts for the largest share (i.e., 46.2% in 2006) of the global HME market.
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