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Global Markets and Technologies for Home Medical Equipment--Focus on Emerging Markets

Abstract

REPORT HIGHLIGHTS

The global market for home medical equipment (HME) was worth $17.9 billion in 2010, nearly $19 billion in 2011, and is expected to reach $26.2 billion by 2016, a CAGR of 6.7%.

The market for HME in emerging market countries was worth $2 billion in 2010 and nearly $2.1 billion in 2011. By 2016, the market is projected to approach $2.6 billion, a CAGR of 4.4% between 2011 and 2016.

The market for home medical monitors and sensors in emerging markets was worth $1.2 billion in 2011. BCC expects this segment to grow to $1.5 billion by 2016, a CAGR of 4.7%.

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REPORT SCOPE

INTRODUCTION

Home medical equipment (HME) is a multibillion-dollar market. Since BCC published its last study of the HME market in 2010, the market has continued to evolve, as populations age and a growing number of older people wish and are financially able to live in their own homes for as long as possible, rather than going into a nursing home or other institutional care facility. These demographic and attitudinal shifts in the health care market are reinforced by technological developments such as wireless home monitoring, and economic trends, like the rising cost of institutional care and a growing receptivity to home health care among physicians and private and public insurers.

Since the prior research study was published, the market has continued to evolve, due to factors such as an aging population, increased incidence of heart disease and other conditions requiring close patient monitoring and technological developments such as wireless remote monitoring.

STUDY BACKGROUND

These trends are global, at least in advanced industrial nations. However, most published analyses of the HME market focus on the U.S. market. Since U.S. medical equipment manufacturers are among the largest suppliers to the global health care market, they need to gain the most detailed understanding of international markets for their products, including HME.

STUDY GOALS AND OBJECTIVES

This report is intended to provide an objective, quantitative analysis that addresses the global market for HME in the context of technological change and an evolving market. More specific objectives are to

  • Identify and segment the main types of HME that have been commercialized to date.
  • Analyze the historical and current value of shipments of each of these product segments in specified applications, end-user and geographical markets.
  • Identify and evaluate the impact of demographic, technological, regulatory and other factors that will drive future demand in each of these segments.
  • Forecast the value of future shipments in each segment.
  • Identify promising new technologies and products still in the development and testing stage that are likely to be commercialized successfully in the next five years.
  • Identify leading HME vendors.

INTENDED AUDIENCE

The report has been written for the entire medical and health care interest community, but it is tailored especially for readers with an interest in the marketing and management dimensions of home medical equipment, such as

  • Manufacturers and distributors of HME.
  • Regulators and health insurers.
  • Investors.
  • The financial and analyst community.

SCOPE AND FORMAT

This report is an analytical business tool whose primary purpose is to describe and analyze the dynamics of the global market for home medical equipment. Home medical equipment is defined as durable equipment (i.e., equipment with an expected service life of at least three years) that:

  • Can withstand repeated use.
  • Is primarily and customarily used to serve a medical purpose.
  • Generally is not useful to a person in the absence of an illness or injury.
  • Is not implanted inside the patient's body.
  • Is appropriate for use in the home.
  • Does not require a trained medical professional to operate.
  • Usually requires a doctor's prescription to buy (e.g., excludes most canes, walkers and other elderly and disabled assistive devices).
  • Generally does not include drugs and other consumables.

While the report's coverage is global, it focuses on selected international markets for HME, including:

  • North America (United States, Canada).
  • European Union (France, Germany, Italy, U.K., other European countries).
  • Japan.
  • BRIC nations (Brazil, Russia, India, China).
  • Rest of the world.

The report includes sections on the following topics:

  • Major product types and applications, both commercial and developmental.
  • Market size and segmentation, including historical data on sales by product type and geographical market.
  • Market drivers and constraints.
  • Detailed market projections through 2016.
  • Patent analysis.
  • Competitor profiles.

METHODOLOGY AND INFORMATION SOURCES

This study was prepared using both primary and secondary research methodologies. The findings and conclusions of this report are based on information gathered from manufacturers and distributors of HME, multilateral and government agencies, caregivers, insurance companies and other knowledgeable sources. Interview data were combined with information gathered through an extensive review of secondary sources such as trade publications, trade associations, company literature and online databases to produce the baseline market estimates contained in this report.

The base year for analysis and projection is 2010. With 2010 as a baseline, market projections were developed for 2011 to 2016. These projections are based on a combination of a consensus among primary research sources and our understanding of key market drivers and their impact from a historical and analytical perspective. The analytical methodologies used to generate the market estimates are described in detail in the section titled Detailed Market Projections.

All dollar projections presented in this report are in 2010 constant dollars.

ANALYST CREDENTIALS

The author of this report is Andrew McWilliams. Mr. McWilliams is a partner in the Boston-based international technology and marketing consulting firm, 43rd Parallel LLC. In addition to being the author of the previous (2007 and 2010) editions of this report, Mr. McWilliams is the author of several other Business Communications Company studies of health care and related industries. These include HLC016D Microelectronic Medical Implants: Products, Technologies and Opportunities; HLC036D Medical Robotics and Computer-assisted Surgery: The Global Market; HLC038C Patient Monitoring; HLC047C Disabled and Elderly Assistive Technologies; HLC051F The Market for Minimally Invasive Medical Devices; HLC070A Preventive Healthcare Technologies, Products and Markets; and AVM050B Smart and Interactive Textiles.

Table of Contents

Chapter- 1: INTRODUCTION - Complimentary

  • STUDY BACKGROUND
  • STUDY GOALS AND OBJECTIVES
  • INTENDED AUDIENCE
  • SCOPE AND FORMAT
  • METHODOLOGY AND INFORMATION SOURCES
  • ANALYST CREDENTIALS
  • RELATED BCC RESEARCH
  • BCC ON-LINE SERVICES
  • DISCLAIMER

Chapter- 2: EXECUTIVE SUMMARY

  • Summary Table : GLOBAL SALES OF HOME MEDICAL EQUIPMENT, THROUGH 2016
  • Summary Figure : HOME MEDICAL EQUIPMENT SHARES BY REGION, 2010 - 2016

Chapter- 3: OVERVIEW

  • GENERAL DESCRIPTION
  • PRODUCT SEGMENTS
  • HEALTH CONDITIONS THAT AFFECT THE MARKET FOR HME
  • DEMOGRAPHICS AND ECONOMICS
  • OTHER FACTORS DRIVING THE HME MARKET

Chapter- 4: GLOBAL HME MARKETS

  • SUMMARY

Chapter- 5: EMERGING MARKETS

  • SUMMARY
  • ASSISTIVE DEVICES
  • WHEELCHAIRS AND SCOOTERS
  • HOME CARE BEDS
  • INFUSION PRODUCTS
  • RESPIRATORY THERAPY PRODUCTS
  • DIALYSIS EQUIPMENT
  • HOME DEFIBRILLATORS
  • MONITORS AND SENSORS
  • GLUCOSE MONITORS
  • BLOOD PRESSURE MONITORS
  • OTHER TYPES OF MONITORS
  • TELEMETRY DEVICES
  • OTHER TYPES OF HME
  • Table 27 : EMERGING MARKETS FOR HOME LYMPHEDEMA PUMPS, THROUGH 2016

Chapter- 6: APPENDIX A: PATENT ANALYSIS

  • Table 28 : U.S. HME PATENTS ISSUED SINCE 1975
  • Figure 18 : U.S. HME PATENTS ISSUED SINCE 1975
  • Figure 19 : LARGEST HME PATENT HOLDERS

Chapter- 7: APPENDIX B: COMPANY PROFILES

  • A&D MEDICAL/LIFESOURCE
  • ABBOTT LABORATORIES, INC.
  • AEROTEL MEDICAL SYSTEMS, LTD.
  • ALLIED HEALTHCARE PRODUCTS, INC.
  • AMERICAN TELECARE, INC.
  • ANALOGIC INC.
  • ARADIGM CORP.
  • BAXTER INTERNATIONAL, INC.
  • CARD GUARD AG
  • CARETRENDS
  • CYBERNET MEDICAL CORP.
  • ECHO THERAPEUTICS
  • FRESENIUS MEDICAL CARE AG & CO. KGAA
  • HEALTH FRONTIER, INC.
  • HONEYWELL HOMMED
  • INVACARE CORP.
  • LIFESCAN, INC.
  • MEDLINE INDUSTRIES, INC.
  • MEDTRONIC, INC.
  • MEDTRONIC MINIMED
  • NIPRO DIAGNOSTICS INC.
  • NXSTAGE MEDICAL, INC.
  • NONIN MEDICAL, INC.
  • OBS MEDICAL
  • OMRON HEALTHCARE, INC.
  • PARI PHARMA
  • PHILIPS HEALTHCARE
  • POLYMER TECHNOLOGY SYSTEMS
  • PREMD INC.
  • PRIDE MOBILITY PRODUCTS CORP.
  • PULSE METRIC INC.
  • RESMED, INC.
  • ROCHE DIAGNOSTICS
  • SCOTTCARE CORP.
  • SENSATEX INC.
  • SOLIANIS MONITORING AG
  • SUNRISE MEDICAL INC.
  • VECTURA GROUP PLC
  • VIVOMETRICS INC.

List of Tables

  • Summary Table : GLOBAL SALES OF HOME MEDICAL EQUIPMENT, THROUGH 2016
  • Table 1 : GLOBAL PREVALENCE OF MOTION IMPAIRMENTS REQUIRING THE USE OF A WHEELCHAIR OR SCOOTER, THROUGH 2016
  • Table 2 : TRENDS IN PREVALENCE OF MOTION IMPAIRMENTS REQUIRING A WHEELCHAIR OR SCOOTER, BY GEOGRAPHICAL MARKET, THROUGH 2016
  • Table 3 : OBESITY LEVELS IN SELECTED COUNTRIES
  • Table 4 : TRENDS IN PREVALENCE OF HYPERTENSION, THROUGH 2016
  • Table 5 : TRENDS IN PREVALENCE OF ARRHYTHMIA, THROUGH 2016
  • Table 6 : TRENDS IN PREVALENCE OF DIABETES, THROUGH 2016
  • Table 7 : TRENDS IN THE PREVALENCE OF ASTHMA, THROUGH 2016
  • Table 8 : TRENDS IN DIALYSIS PATIENT POPULATION, THROUGH 2016
  • Table 9 : TRENDS IN TOTAL POPULATION, BY COUNTRY, THROUGH 2016
  • Table 10 : TRENDS IN POPULATION OF PEOPLE AGE 65 YEARS AND OLDER, BY COUNTRY, THROUGH 2016
  • Table 11 : GLOBAL HME SALES BY TYPE OF EQUIPMENT, THROUGH 2016
  • Table 12 : HME MARKET BY TYPE OF DISEASE/CONDITION TREATED, THROUGH 2016
  • Table 13 : MAJOR GEOGRAPHICAL MARKETS FOR HME, THROUGH 2016
  • Table 14 : EMERGING MARKETS FOR HME BY COUNTRY, THROUGH 2016
  • Table 15 : EMERGING MARKETS FOR HME BY PRODUCT TYPE, THROUGH 2016
  • Table 16 : EMERGING MARKETS FOR ASSISTIVE DEVICES BY COUNTRY, THROUGH 2016
  • Table 17 : EMERGING MARKETS FOR WHEELCHAIRS AND SCOOTERS, THROUGH 2016
  • Table 18 : EMERGING MARKETS FOR HOME CARE BEDS, THROUGH 2016
  • Table 19 : EMERGING MARKETS FOR INSULIN PUMPS, THROUGH 2016
  • Table 20 : EMERGING MARKETS FOR RESPIRATORY THERAPY PRODUCTS, THROUGH 2016
  • Table 21 : EMERGING MARKETS FOR HOME DEFIBRILLATORS, THROUGH 2016
  • Table 22 : MARKETS FOR HOME MONITORING DEVICES IN EMERGING COUNTRIES, BY TYPE OF DEVICE, THROUGH 2016
  • Table 23 : MARKETS FOR HOME MONITORING PRODUCTS BY EMERGING COUNTRY, THROUGH 2016
  • Table 24 : MARKETS FOR GLUCOSE SELF-MONITORING DEVICES BY EMERGING COUNTRY, THROUGH 2016
  • Table 25 : MARKETS FOR HOME BLOOD PRESSURE MONITORS BY EMERGING COUNTRY, THROUGH 2016
  • Table 26 : MARKETS FOR OTHER TYPES OF MONITORS BY EMERGING COUNTRY, THROUGH 2016
  • Table 27 : EMERGING MARKETS FOR HOME LYMPHEDEMA PUMPS, THROUGH 2016
  • Table 28 : U.S. HME PATENTS ISSUED SINCE 1975

List of Figures

  • Summary Figure : HOME MEDICAL EQUIPMENT SHARES BY REGION, 2010 - 2016
  • Figure 1 : LEADING CONDITIONS ASSOCIATED WITH WHEELCHAIR/SCOOTER USE
  • Figure 2 : MISCARRIAGES AND STILLBIRTHS IN THE U.S., 2010
  • Figure 3 : GLOBAL DIALYSIS PATIENT POPULATION TREND, 2010 - 2016
  • Figure 4 : GLOBAL POPULATION TRENDS, 2010 - 2016
  • Figure 5 : TRENDS IN THE GLOBAL POPULATION AGE 65 YEARS AND OLDER, 2010 - 2016
  • Figure 6 : PERCENTAGE OF PEOPLE AGE 65 AND OLDER LIVING IN THEIR OWN HOMES OR WITH CHILDREN BY COUNTRY, 2002
  • Figure 7 : TRENDS IN THE PERCENTAGE OF AMERICANS 65 AND OLDER REMAINING IN THEIR HOMES, 1985-2009
  • Figure 8 : TRENDS IN THE MEDIAN INCOME OF U.S. ELDERLY HOUSEHOLDS, 2003 - 2009
  • Figure 9 : DISTRIBUTION OF U.S. ELDERLY HOUSEHOLDS BY INCOME LEVEL, 2000 AND 2008
  • Figure 10 : TRENDS IN U.S. EXPENDITURES ON HOME HEALTH CARE, 2002 - 2010
  • Figure 11 : TREND IN THE NUMBER OF MEDICARE-PAID PHYSICIAN HOUSE CALLS, 2000 AND 2010
  • Figure 12 : TRENDS IN U.S. HOSPITAL AND NURSING HOME COSTS, 2000 - 2010
  • Figure 13 : PER CAPITA EXPENDITURES ON HME, 2010
  • Figure 14 : TRENDS IN THE GLOBAL HME MARKET, 2010 - 2016
  • Figure 15 : HME MARKET BY TYPE OF HME, 2010 AND 2016
  • Figure 16 : HME MARKET BY TYPE OF DISEASE/CONDITION TREATED, 2010 AND 2016
  • Figure 17 : HME MARKET BY REGION, 2010 AND 2016
  • Figure 18 : U.S. HME PATENTS ISSUED SINCE 1975
  • Figure 19 : LARGEST HME PATENT HOLDERS
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