Global Home Therapy Machine Market Overview:
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)|
|Customization Scope||Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility|
- 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
- Unsteady Reimbursement Scenario for Physiotherapy
- Lack of Trained and Skilled Personnel
- Rising Technological Advancements
- Alternative Therapies
- Strict Government Norms for Manufacturers
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.
Some of the key players profiled in the report are 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). Additionally, following companies can also be profiled that are part of our coverage like Omron Corporation (Japan) and Resmed Corporation (United States). Analyst at AMA Research see United States Players to retain maximum share of Global Home Therapy Machine market by 2027. Considering Market by Distribution Channel, the sub-segment i.e. Hospital Pharmacies will boost the Home Therapy Machine market.
Latest Market Insights:
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.
What Can be Explored with the Home Therapy Machine Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Home Therapy Machine Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Home Therapy Machine
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Home Therapy Machine market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Home Therapy Machine market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Home Therapy Machine Manufacturers, Home Therapy Machine Distributors and Suppliers, Raw Materials Suppliers, Venture Capitalists and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.