What is Home Therapy Machine?
Home Therapy Machine is a structure of system utilized for sufferers whose therapy is dealt with from a domestic or some other non-public facility via a non-professional caregiver or household member. This is additionally referred to as "durable" scientific tools (DME), due to the fact it is constructed for non-professionals or the affected person to stand up to repeated use and is perfect for domestic use. These units grant a secure, convenient, reasonably priced and appropriate surroundings for sufferers inside their home. Numerous tools are used for domestic affected person care, such as infusion pumps, wheelchairs, apnea monitors, glucose meters, and cannula. For example, glucose meters or glucometers are normally used for measuring blood glucose tiers for diabetes in the household.
|Unit||Value (USD Million)|
|Key Companies Profiled||Abbott Laboratories (United States), B Braun Melsungen Ag (Germany), Baxter International Incorporated (United States), Becton (United States), Dickinson and Company (United States), General Electric Company (United States), Hill-Rom Holdings Incorporated (United States), Johnson & Johnson (United States), Medtronic plc (Ireland) and Smith & Nephew plc. (United Kingdom)|
The market study is broken down, by Application (Musculoskeletal Applications, Neurological Applications, Cardiovascular & Pulmonary Applications and Others) and major geographies with country level break-up.
The market is seeing moderate market players, by seeing huge growth in this market the key leading vendors are highly focusing towards the production technologies, efficiency enhancement and product life. There is various growth opportunity in this market which is captured by leading players via tracking the ongoing process enhancement and huge invest in market growth strategies. Analysts at AMA Research estimates that Players from United States will contribute to the maximum growth of Global Home Therapy Machine market throughout the predicted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Abbott Laboratories (United States), B Braun Melsungen Ag (Germany), Baxter International Incorporated (United States), Becton (United States), Dickinson and Company (United States), General Electric Company (United States), Hill-Rom Holdings Incorporated (United States), Johnson & Johnson (United States), Medtronic plc (Ireland) and Smith & Nephew plc. (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Omron Corporation (Japan) and Resmed Corporation (United States).
AdvanceMarketAnalytics has segmented the market of Global Home Therapy Machine market by Type, Application and Region.
On the basis of geography, the market of Home Therapy Machine has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Hospital Pharmacies will boost the Home Therapy Machine market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
In February 2019, DJO Global, Inc. used to be obtained with the aid of Colfax for USD 3.15 billion. This acquisition helped Colfax to widen its product portfolio in the company’s orthopedic segment.
In May 2019, Athletico obtained Maximum Impact Physical Therapy (MIPT), which operates clinics providing occupational therapy, bodily therapy, and different specialised remedy services. This acquisition enabled Athletico to enter Texas (Dallas) and Tucson (Arizona) markets.
- Technological Advancements in Home Medical Equipment
- Increased In Prevalence of Chronic Diseases Such As Asthma, Diabetes, and COPD, Surge In Geriatric Population
- Increase in Demand for Rehabilitation after Surgeries, Chemotherapy, and Radiation
- Rising Technological Advancements
- Unsteady Reimbursement Scenario for Physiotherapy
- Lack of Trained and Skilled Personnel
- Alternative Therapies
- Strict Government Norms for Manufacturers
Key Target AudienceHome Therapy Machine Manufacturers, Home Therapy Machine Distributors and Suppliers, Raw Materials Suppliers, Venture Capitalists and Others
About ApproachTo evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.
Frequently Asked Questions (FAQ):
1. What all players are profiled in the study?
The standard version of the report profiles players such as Abbott Laboratories (United States), B Braun Melsungen Ag (Germany), Baxter International Incorporated (United States), Becton (United States), Dickinson and Company (United States), General Electric Company (United States), Hill-Rom Holdings Incorporated (United States), Johnson & Johnson (United States), Medtronic plc (Ireland) and Smith & Nephew plc. (United Kingdom) etc.
2. Can we have customized study for Home Therapy Machine Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.
3. What would be the Market Size of Home Therapy Machine Market by 2027?
Analysts at AMA estimates Home Therapy Machine Market to reach USD Million by 2027.