Homecare Medical Devices market is expected to
experience a steady growth in coming years between 2017 and 2025. The market is
expected to become $533.59 billion by 2025 at a significant CAGR of 9.12%. The
increasing geriatric population, respiratory diseases and prevalence of Chronic
Obstructive Pulmonary Diseases (COPD) will drive the market growth in the
upcoming years. The cases of immobility are a common phenomenon among the
geriatric population. As a result, wheelchair technology is the most commonly
used homecare device, as it solves the purpose to a large extent. For instance,
as per CDC, in US, more than 17.9 million people suffer from immobility
problem. In this case, wheelchair gives a good support to these people as it
allows people to move from one place to another without any kind of assistance.
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The latest trending report published by Crystal
Market Research titled, Homecare Medical Devices Market,
approximates that the Homecare Medical Devices market size is estimated to
flourish at a significant CAGR in the future, and this is attributed to the escalation
in need for this product across the globe along with novel innovations in the
market.
Chart Industries, Drive Medical, Inogen, Sunrise Medical (US) LLC, Invacare Corporation, Philips, Graham Field, Meyra, O2Concepts, Oxlife, Teijin, TiLite
The report Homecare Medical Devices Market
renders a wide-ranging analysis of the said market in terms of product,
regional, application and end user segmentation. The report comprises of the
present market size of this industry. Also, the potential outlooks and current
market summary of this segment has been thoroughly analyzed in this report.
Moreover, chief market players of the Homecare Medical Devices are studied on
various factors like product portfolio, company profile, sales analysis,
revenue generation through the forecast period.
North America held a significant share of the homecare medical devices market in 2016 due to the increase in elderly population in various states. In addition, increase in cases of respiratory diseases and COPD will also enhance the market growth in this region. The Asia-Pacific market has not experienced any substantial growth due to lack of large scale adoption of homecare medical devices but can experience favorable growth in coming years owing to changing lifestyles related to immobility problems in the region.
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