World Home Medical Equipment

World Home Medical Equipment

Freedonia Group, Date of Publication: Apr 3, 2014, 282 Pages
US$5,100.00
FR3141

US demand to rise 8.2% annually through 2018

US demand for home medical equipment is forecast to grow 8.2 percent annually to $12.6 billion in 2018. Advances in the technological capabilities of products such as portable oxygen concentrators, remote telemedicine systems, and home dialysis machines will underlie growth. The introduction of new and improved devices and equipment will expand the number of medical conditions and patients adaptable to effective home treatment, management, and monitoring. Cost saving advantages will promote the increasing substitution of home health care for hospital, ambulatory, and nursing home procedures whenever feasible.


Telemedicine devices to post strongest gains

Among all types of home medical equipment, remote monitoring and realtime systems based on telemedicine technology will generate the fastest revenue growth as physicians, hospitals and other medical providers are pressured by health insurers to become more accountable for improving patient outcomes and controlling treatment costs. By contrast, demand for conventional patient monitors will expand at a below average pace due to competition from telemedicine devices.


Home therapeutic equipment to remain dominant segment

A rising prevalence of chronic conditions, especially respiratory disorders, kidney failure, and cancer, will boost demand for home therapeutic equipment -- the dominant product segment -- up at a strong annual pace through 2018. Portable oxygen concentrators for treating chronic obstructive pulmonary disease (COPD), continuous positive airway pressure (CPAP) products for managing obstructive sleep apnea, and ventilators and accessories for alleviating severe breathing impairments will exhibit the fastest growing sales among home respiratory therapy equipment. Demand for dialysis equipment will expand at a strong double digit pace, spurred by the increasing availability of portable dialysate delivery machines as well as by upward trends in the incidence of end-stage renal disease. By contrast, the market for IV equipment will rise well below the average pace of home medical equipment due to multiple supplier availability, intensifying pricing pressures, and advances in alternative oral, inhalation, and topical drug therapies. Automated external defibrillators, negative pressure wound therapy products, and muscle and nerve stimulators will see the fastest growth in demand value among other home therapeutic equipment as home health care providers assume an expanding role in preventive medicine, the healing of major wounds, and overall pain management.


Wheelchairs to remain key mobility assist equipment

Demand for mobility assist and other home patient support equipment is forecast to increase at a below average annual pace through 2018. Wheelchairs will continue to dominate revenues as aging population trends lead to a rising incidence of activity-limiting orthopedic impairments. However, home medical furniture and bathroom safety products will post faster growth in demand as an increasing number of elderly and disabled individuals adapt their residences to home health care treatment to avoid transfer to nursing homes or assisted living facilities.


Study coverage

This studyp resents historical demand data for 2003, 2008 and 2013, plus forecasts for 2018 and 2023 by equipment type. The study also considers market environment factors, evaluates company market share and profiles 30 industry players such as Royal Philips Electronics, Res- Med and Invacare.


TABLE OF CONTENTS

 
				    TABLE OF CONTENTS

     SECTION									    PAGE

		INTRODUCTION							       x

	I.	EXECUTIVE SUMMARY						       1

	II.	MARKET ENVIRONMENT						       4
		General								       4
		Macroeconomic Trends						       5
		Demographic Patterns						       9
		Trends in Health Care						      13
		   Health Insurance & the Affordable Care Act			      14
		   Medical Conditions						      17
		      Acute Conditions						      17
		      Chronic Conditions					      19
		   National Health Expenditures					      22
		      Spending Categories					      23
		      Funding Sources						      27
		   Medical Providers						      29
		   Patient Activity						      35
		   Medical Product Demand					      39

	III.	PRODUCT OVERVIEW						      41
		General								      41
		Patient Trends & Projections					      42
		Regulation							      43
		Home Medical Equipment Market					      44
		Historical Market Trends					      47
		US Trade							      48
		International Markets						      50

	IV.	THERAPEUTIC EQUIPMENT						      54
		General								      54
		Home Respiratory Therapy Equipment				      56
		   Continuous Positive Airway Pressure Equipment		      58
		      CPAP Machines						      60
		      CPAP Masks & Related Interfaces				      62
		      CPAP Accessories						      64
		   Oxygen Delivery Equipment					      65
		      Oxygen Concentrators					      67
		      Oxygen Cannula						      69
		      Home Liquid Oxygen Containers				      70
		      Other Home Oxygen Delivery Equipment			      71
		   Nebulizers & Accessories					      74
		   Ventilators & Accessories					      75
		   Humidifiers							      77
		Home Dialysis Equipment						      80
		   Home Peritoneal Dialysis Products				      81
		   Home Hemodialysis Products					      84
		Home IV Equipment						      88
		   IV Administration Sets					      89
		   IV Pumps							      92
		   Home IV Accessories						      95
		Other Home Therapeutic Equipment				      96
		   Home Physical Therapy Equipment				      97
		   Home Negative Pressure Wound Therapy Devices			      97
		   Home Braces & Related Products				      99
		   Home Enteral Feeding Products				     101
		   Home Automated External Defibrillators			     102
		   Home Muscle & Nerve Stimulators				     104

	V.	PATIENT MONITORING EQUIPMENT					     106
		General								     106
		Conventional Monitors						     108
		   Blood Glucose Monitors					     109
		   Blood Pressure Monitors					     111
		   Holter Monitors						     113
		   Peak Flow Meters						     115
		   Apnea Monitors						     117
		   Heart Rate Monitors						     120
		   Baby Monitors						     121
		   Electronic Thermometers					     123
		   Coagulation Monitors						     125
		Telemedicine Patient Monitoring Systems				     127
		   Remote Patient Monitoring Systems				     128
		   Real-Time Telemedicine Systems				     129

	VI.	MOBILITY ASSIST & OTHER PATIENT SUPPORT EQUIPMENT		     131
		General								     131
		Mobility Assist Equipment					     133
		   Wheelchairs							     134
		      Manual Wheelchairs					     136
		      Powered Wheelchairs					     140
		   Mobility Scooters						     143
		   Walking Assist Devices					     146
		      Walkers & Rollators					     147
		      Canes & Walking Sticks					     149
		      Crutches							     150
		Medical Furniture						     152
		   Lift Chairs							     154
		   Medical Beds							     156
		   Stair Lifts							     158
		   Medical Furniture Accessories				     160
		      Bed Rails							     161
		      Decubitus Products					     162
		      Bed Mattresses						     163
		      Overbed Tables						     164
		      Trapeze Bars						     164
		Bathroom Safety Equipment					     165
		   Bars, Grips, & Rails						     166
		   Shower Chairs						     168
		   Elevated Toilet Seats					     169
		   Commodes							     171

	VII.	INDUSTRY STRUCTURE						     173
		General								     173
		Market Share							     177
		   Home Therapeutic Equipment					     179
		   Home Patient Monitoring Equipment				     181
		   Mobility Assist & Other Home Patient Support Equipment	     182
		Competitive Strategies						     183
		Mergers & Acquisitions						     184
		Licensing & Related Agreements					     187
		Product Development						     189
		Marketing & Distribution					     190
		Manufacturing							     191
		Company Profiles						     192
		   Abbott Laboratories						     193
		   Animas, see Johnson & Johnson
		   ARKRAY Incorporated						     195
		   Baxter International Incorporated				     196
		   Bayer AG							     199
		   Braun (B.) Melsungen AG					     202
		   CareFusion Corporation					     204
		   CHAD Therapeutics, see Drive Medical Design
		      & Manufacturing
		   Children’s Medical Ventures, see Royal Philips
		   ConvaTec Incorporated					     207
		   Cooper Companies Incorporated				     209
		   Covidien plc							     210
		   DeVilbiss Healthcare LLC					     212
		   Drive Medical Design & Manufacturing				     215
		   Fresenius Medical Care AG & Company KGaA			     220
		   Gambro, see Baxter International
		   GE Healthcare, see General Electric
		   General Electric Company					     223
		   GF Health Products Incorporated				     225
		   HHD, see Baxter International
		   Hill-Rom Holdings Incorporated				     230
		   Hospira Incorporated						     233
		   Invacare Corporation						     235
		   Johnson & Johnson						     241
		   Liberty Dialysis Holdings, see Fresenius Medical Care
		   Lifeline Systems, see Royal Philips
		   LifeScan, see Johnson & Johnson
		   Liko, see Hill-Rom Holdings
		   Lumiscope, see GF Health Products
		   Mason Medical Products, see Drive Medical Design
		      & Manufacturing
		   Medline Industries Incorporated				     244
		   Medtronic Incorporated					     248
		   Newport Medical Instruments, see Covidien
		   NxStage Medical Incorporated					     251
		   OMRON Corporation						     253
		   Permobil AB							     255
		   Pressure Management Group, see GF Health Products
		   ResMed Corporation						     257
		   Respironics, see Royal Philips
		   Roche Holding Limited					     261
		   Royal Philips NV						     263
		   Stryker Corporation						     268
		   Sunrise Medical GmbH & Company KG				     270
		   Teleflex Incorporated					     274
		   Unomedical, see ConvaTec
		   Verizon Communications Incorporated				     276
		   Vital Signs, see CareFusion
		   Wallach Surgical Devices, see Cooper Companies
		Additional Companies Mentioned in the Study			     278


				      LIST OF TABLES

    TABLE NUMBER								    PAGE


		SECTION I -- EXECUTIVE SUMMARY
		Summary Table							       3

		SECTION II -- MARKET ENVIRONMENT
	1	Macroeconomic Indicators					       9
	2	Population & Demographics					      13
	3	Health Insurance Coverage of the US Population, 2003-2013	      17
	4	Acute Conditions						      19
	5	Chronic Conditions						      22
	6	National Health Expenditures by Type				      26
	7	National Health Expenditures by Funding Source			      29
	8	Medical Providers						      31
	9	Patient Activity						      37
	10	Medical Product Demand						      40

		SECTION III -- PRODUCT OVERVIEW
	1	Home Health Care Patients by Age Group				      43
	2	Home Medical Equipment Demand by Product Group			      46
	3	Home Medical Equipment Demand, 2003-2013			      48
	4	US Trade in Home Medical Equipment				      49
	5	World Home Medical Equipment Demand by Region			      52

		SECTION IV -- THERAPEUTIC EQUIPMENT
	1	Home Therapeutic Equipment Demand				      55
	2	Home Respiratory Therapy Equipment Demand			      58
	3	Home Continuous Positive Airway Pressure (CPAP)
		   Equipment Demand						      60
	4	Home Continuous Positive Airway Pressure (CPAP)
		   Machine Demand						      62
	5	Home Continuous Positive Airway Pressure (CPAP)
		   Mask & Related Interface Demand				      64
	6	Continuous Positive Airway Pressure (CPAP) Accessories
		   Demand							      65
	7	Home Oxygen Delivery Equipment Demand				      66
	8	Home Oxygen Concentrator Demand					      69
	9	Home Oxygen Cannula Demand					      70
	10	Home Liquid Oxygen Container Demand				      71
	11	Other Home Oxygen Delivery Equipment Demand			      73
	12	Home Nebulizer & Accessories Demand				      75
	13	Home Medical Ventilator & Accessories Demand			      77
	14	Home Medical Humidifier Demand					      79
	15	Home Dialysis Equipment Demand					      81
	16	Home Peritoneal Dialysis Product Demand				      84
	17	Home Hemodialysis Product Demand				      88
	18	Home IV Equipment Demand					      89
	19	Home IV Administration Set Demand				      92
	20	Home IV Pump Demand						      94
	21	Home IV Accessories Demand					      95
	22	Other Home Therapeutic Equipment Demand				      96
	23	Home Physical Therapy Equipment Demand				      97
	24	Home Negative Pressure Wound Therapy Device Demand		      99
	25	Home Brace & Related Product Demand				     100
	26	Home Enteral Feeding Product Demand				     102
	27	Home Automated External Defibrillator Demand			     103
	28	Home Muscle & Nerve Stimulator Demand				     105

		SECTION V -- PATIENT MONITORING EQUIPMENT
	1	Home Patient Monitoring Equipment Demand			     107
	2	Conventional Home Patient Monitor Demand			     109
	3	Home Blood Glucose Monitor Demand				     111
	4	Home Blood Pressure Monitor Demand				     113
	5	Home Holter Monitor Demand					     115
	6	Home Peak Flow Meter Demand					     117
	7	Home Apnea Monitor Demand					     119
	8	Home Heart Rate Monitor Demand					     121
	9	Home Baby Monitor Demand					     123
	10	Home Electronic Thermometer Demand				     125
	11	Home Coagulation Monitor Demand					     126
	12	Home Telemedicine Patient Monitoring System Demand		     127

		SECTION VI -- MOBILITY ASSIST & OTHER PATIENT SUPPORT EQUIPMENT
	1	Mobility Assist & Other Patient Support Equipment Demand	     132
	2	Mobility Assist Equipment Demand				     134
	3	Wheelchair Demand						     135
	4	Manual Wheelchair Demand					     136
	5	Powered Wheelchair Demand					     141
	6	Mobility Scooter Demand						     145
	7	Walking Assist Device Demand					     146
	8	Walker & Rollator Demand					     148
	9	Cane & Walking Stick Demand					     150
	10	Home Crutch Demand						     152
	11	Home Medical Furniture Demand					     154
	12	Home Lift Chair Demand						     156
	13	Home Medical Bed Demand						     158
	14	Home Stair Lift Demand						     160
	15	Home Medical Furniture Accessories Demand			     161
	16	Home Bathroom Safety Equipment Demand				     166
	17	Bathroom Bar, Grip, & Rail Demand				     167
	18	Home Shower Chair Demand					     169
	19	Home Elevated Toilet Seat Demand				     170
	20	Home Commode Demand						     172

		SECTION VII -- INDUSTRY STRUCTURE
	1	US Home Medical Equipment Sales by Company, 2013		     174
	2	Selected Acquisitions & Divestitures				     186
	3	Selected Cooperative Agreements					     188


				      LIST OF CHARTS

    CHART NUMBER								    PAGE

		SECTION III -- PRODUCT OVERVIEW
	1	Home Medical Equipment Demand by Product Group, 2013		      46
	2	World Home Medical Equipment Demand by Region, 2013		      53

		SECTION IV -- THERAPEUTIC EQUIPMENT
	1	Home Therapeutic Equipment Demand, 2013				      56

		SECTION V -- PATIENT MONITORING EQUIPMENT
	1	Home Patient Monitoring Equipment Demand, 2013			     108

		SECTION VI -- MOBILITY ASSIST & OTHER PATIENT SUPPORT EQUIPMENT
	1	Mobility Assist & Other Patient Support Equipment
		   Demand, 2013							     133

		SECTION VII -- INDUSTRY STRUCTURE
	1	Home Medical Equipment Market Share, 2013			     179
	2	Home Therapeutic Equipment Market Share, 2013			     180
	3	Home Patient Monitoring Equipment Market Share, 2013		     182
	4	Mobility Assist & Other Home Patient Support Equipment
		   Market Share, 2013						     183
 
Date of Publication:
Apr 3, 2014
File Format:
PDF via E-mail
Number of Pages:
282 Pages
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