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Home Medical Equipment Market is Witnessing Rapid Growth by 2023

The Global Home Medical Equipment Market was valued at $21,912 million in 2016, and is estimated to reach $32,451 million by 2023, registering a CAGR of 5.7% from 2017 to 2023. Home medical equipment are medical devices that offer safe, convenient, cost-effective, and suitable environment to patients within their home.

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Home Medical Equipment Market is Witnessing Rapid Growth by 2023

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  1. Homecare Medical Equipment Market Opportunity Analysis and Industry Forecast, 2016-2023 Global Opportunity Analysis and Industry Forecast, 2017-2023

  2. Introductionof Homecare Medical Equipment Market The global home medical equipment market accounted for $21,912 million in 2016, and is estimated to reach $32,451 million by 2023, registering a CAGR of 5.7% from 2017 to 2023. Therapeutic equipment was the highest contributor in the home medical equipment market with three-fifths share in 2016. Home care medical equipment are intended for use in any environment outside a professional healthcare setup such as hospitals and clinics. These equipment can be used for both prevention and treatment of various chronic disease such as respiratory disorders, diabetes, and arthritis. The rise in prevalence of respiratory disorders, growth in geriatric population worldwide, and advancements in the field of home medical devices drive the market growth. In addition, increase in government support encourages the R&D activities for home medical devices, which in turn fuel the growth of the home medical equipment market. However, high risk associated with the usage of medical equipment and growth in reimbursement cuts are expected to restrain the market growth.

  3. Introductionof Homecare Medical Equipment Market Scopeof theReport KeyBenefits KeyAudiences

  4. Key Benefits The mobility assist & patient support equipment segment is projected to grow at the highest rate during the analysis period. Japan generated the highest revenue, and is expected to continue its dominance in the future in the Asia-Pacific region. North America dominated the global home medical equipment market, and is projected to continue its dominance in future. Among the mobility assist & patient support equipment segment, wheelchairs are expected to grow at the highest CAGR. Asia-Pacific is expected to be the fastest growing segment. Click to Access Full Summary of Homecare Medical Equipment Market

  5. Table of Content (TOC) Chapter 1: Introduction Chapter 2: Executive Summary Chapter 3: Market Overview Chapter 4: Home Medical Equipment Market, By Functionality Chapter 5: Home Medical Equipment Market, By Region Chapter 8: Company Profiles

  6. Segments Homecare Medical Equipment Market

  7. Segments Homecare Medical Equipment Market

  8. Segments Homecare Medical Equipment Market

  9. Segments Homecare Medical Equipment Market

  10. Company Profiles Homecare Medical Equipment Market ABBOTT LABORATORIES B. BRAUN MELSUNGEN AG BAXTER INTERNATIONAL INC. BECTON, DICKINSON AND COMPANY GE HEALTHCARE (A HEALTHCARE DIVISION OF GE COMPANY) HILL ROM HOLDING INC.

  11. Thank You Homecare Medical Equipment Market ThankYou! For MoreDetails Do Enquiry https://www.alliedmarketresearch.com/homecare-medical-equipment-market Follow UsOn

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