Global Statistics Representing Home Healthcare Devices Market Scenario

According to World Health Organization, in 2016 approximately 251 million cases of COPD were diagnosed globally. Increasing prevalence of respiratory devices is increasing demand of home healthcare devices such as oxygen delivery systems, nebulizers, ventilators and inhalers. According to the Centers for Diseases Control and Prevention, approximately 370,000 people die due to coronary heart disease (CHD) in U.S each year. Rise in number of incidences of cardiovascular diseases such as hypertension, cardiac failure is driving the growth of the market. Moreover, increasing population of smoker and rising the cholesterol level among population are main causes for blockage of artery of the heart. In addition, growing elderly population susceptible to chronic diseases require healthcare devices, which in turn is supporting the growth of the market.

The global home healthcare market was valued around USD 250.56 billion in 2017 and expected to register CAGR of 11.9% in the forecast period.

Intended Audience

Pharmaceutical companies

Government Bodies

Hospitals & Clinics

Diagnostic Centre

Potential Investor

Research and Development Institutes

Healthcare Sectors

Segmental Insight

The global home healthcare devices market is segmented by product, service, software, and type.

On the basis of the product, the home healthcare devices market is segmented into testing, screening, and monitoring, therapeutic, mobility care. Mobility Care is expected to dominate during forecast period owing to rising geriatric population, ease of use, social connectedness and rising demand for personal independence.

Based on the service, the home healthcare devices market is segmented into pregnancy care, rehabilitation, respiratory therapy, infusion therapy, palliative care unskilled care, skilled nursing and hospice. Infusion therapy is projected to hold major market share owing to technological advancements and cost-effectiveness.

On the basis of software, the home healthcare devices market is segmented into agency software, clinical management systems and hospice solutions. Agency software is projected to hold major market share during forecast period.

Based on the type, the market is segmented into home telehealth monitoring devices, home telehealth services and telehealth software solutions. Home telehealth services is projected to be leading during forecast period.

Regional Analysis

The global home healthcare devices market regionally is segmented into North America, Europe, Asia-Pacific and Latin America, the Middles East & Africa.

North America is expected to dominate the global home healthcare devices market. According to the World Health Organization (WHO), approximately 15 million people suffer from coronary diseases in the U.S. Therefore, rise in heart diseases are driving the demand of blood pressure monitors, Pulse oximeters, heart rate monitors, ECG/EKG devices. Rise in number of diabetes patient in this region is also increasing demand of home healthcare devices such as glucometer. Apart from this, increasing baby boomer population in this region is propelling the growth of the market.

Europe is projected to be the second leading region in the global home healthcare devices market. Increasing awareness about the health and growing health care sector is boosting the growth of the market. Increasing mental disorder and demand of sleep apnea therapeutic devices is supporting the growth of the market

Asia-Pacific market is expected to fasted growing region during forecast period. This is attributed to increasing prevalence of chronic diseases leading to hospitalization of patient. Thus, increasing demand of oxygen delivery systems, nebulizers, ventilators, devices and wound care products in future. Furthermore, growing geriatric population is increasing demand of home health care devices. For instance, as per the WHO (2018), geriatric population is expected to double by 2050 i.e. from 12% to 22%.

Whereas, growth of the market in African & Middle Eastern countries is expected to gain pace due to increasing emphasis on diagnosing and treating of home healthcare devices market.

Key findings

In February 2018, Roche launched Accu-Chek glucometer for affordable diabetes monitoring.

In March 2017, Medtronic’s FDA’s received approval for MiniMed 670G, it is first hybrid closed-loop insulin pump and continuous glucose monitoring system.

Competitive Landscape

Some of the players in home healthcare devices market segmentation include Philips Healthcare (Netherlands), Almost Family Inc. (US), Kindred Healthcare (US), Linde Group (Germany), A&D (Japan), Amedisys (US), Fresenius (Germany), LHC Group (US), Omron (Japan), McKesson (US), BAYADA Home Health Care (US), Kinnser Software, Inc. (US), Abbott Laboratories (US), and Roche (Switzerland).

Global home healthcare devices market segmentation

By Product

Testing, Screening, and Monitoring

Blood Pressure Monitors



Blood Glucose Monitors



Pulse Oximeters



Peak Flow Meters



Heart Rate Monitors



Fetal Monitoring Devices



HIV Test Kits



Sleep Apnea Monitors



Coagulation Monitors



Ovulation and Pregnancy Test Kits



Holter and Event Monitors



Cholesterol Monitoring Devices



Colon Cancer Test Kits



Home Hemoglobin A1c Test Kits



Drug and Alcohol Test Kits



ECG/EKG Devices



EEG Devices



Temperature Monitors



Hearing Aids



Pedometers

Therapeutic

Oxygen Delivery Systems



Nebulizers



Ventilators



Sleep Apnea Therapeutic Devices



Wound Care Products



IV Equipment



Dialysis Equipment



Insulin Delivery Devices



Inhalers



Other Therapeutic Products (Ostomy Devices, Automated External Defibrillators, and External Stimulation Devices)

Mobility Care

Canes



Crutches



Mobility Scooters



Walkers and Rollators



Wheelchairs

By Service

Rehabilitation

Infusion Therapy

Unskilled Care

Respiratory Therapy

Pregnancy Care

Skilled Nursing

Hospice and Palliative Care

By Software

Agency Software

Clinical Management Systems

Hospice Solutions

By Type

Home Telehealth Monitoring Devices

Home Telehealth Services

Telehealth Software Solutions

By Region

North America

Europe

Asia-Pacific

LAMEA

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