The European home medical equipment market is anticipated to grow at a CAGR of 5.6% during the forecast period. With the continuously evolving health care system of the region with more and more people getting aware of home care and its advantages, the European medical equipment industry is poised to experience lucrative growth.
Additionally, owing to the low birth rates and higher life expectancy, in 2019, more than one-fifth (20.3%) of the EU-27 population was registered to be aged 65 and over by Eurostat. The high number of aged populations in the region are experiencing multiple chronic conditions, such as diabetes or dementia, and functional impairments, such as difficulty with basic mobility. This is expected to drive the adoption of home medical equipment in the region.
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Moreover, the high adoption of home medical equipment in the region can also be attributed to the cost-effectiveness in comparison to the care in institutions. Furthermore, most countries across the region have a strong presence of different types of companies or agencies involved in the provision of home care, each usually providing services such as domestic aid, home equipment use, and training, or home nursing. It is another major factor that will provide significant momentum to the European home medical equipment market.
Market Coverage
- The market number available: 2019-2026
- Base year- 2019
- Forecast period- 2020-2026
- Segment Covered-
o By Type
o By Distribution Channel
- Regions Covered-
o UK
o France
o Italy
o Spain
o Germany
o Rest of Europe
- Competitive Landscape- Fresenius Medical Care Holdings, Inc., General Electric Co., Koninklijke Philips N.V., Fresenius Medical Care AG & Co. KGaA, Becton, Dickinson, and Co.
Key questions addressed by the report
- What is the market growth rate?
- Which segment dominates the market in the base year?
- Which segment will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from the pre-COVID-19 forecast
o Most affected segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Europe Home Medical Equipment Market Report Segment
By Type
- Diagnostic and Monitoring Device
- Therapeutic Devices
- Mobility Care Devices
- Medical Furniture
By Distribution Channel
- Online
- Offline
Europe Home Medical Equipment Market Report Segment by Region
- Germany
- UK
- France
- Italy
- Spain
- Rest of Europe
A full report of Europe Home Medical Equipment Market is available at: https://www.omrglobal.com/industry-reports/europe-home-medical-equipment-market
Europe Home Medical Equipment Market– Segment by Region
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Company Profiles
- Abbott Laboratories Inc.
- Braun Melsungen AG
- Becton, Dickinson, and Co.
- Hoffmann-La Roche Ltd.
- Fisher & Paykel Healthcare Corp Ltd.
- Fresenius Medical Care AG & Co. KGaA
- General Electric Co.
- Hill-Rom Holdings, Inc.
- Johnson & Johnson
- Koninklijke Philips N.V.
- L Air Liquide Ord ADR
- Medtronic PLC
- Omron Healthcare, Inc.
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