United Kingdom Homecare Medical Equipment Market may Register a Robust Growth Through 2027
Growing
geriatric population across the region drives the growth of the United Kingdom
homecare medical equipment in the upcoming five years.
According
to TechSci Report on, “United Kingdom Homecare Medical Equipment Market - By Region, Competition Forecast &
Opportunities, 2027” United
Kingdom homecare medical equipment is anticipated to witness significant growth
in the CAGR during the forecast period of 2023-2027, due to the growing
prevalence of chronic ailments such as diabetes, sugar, thyroid, asthma, and
several other cardiovascular diseases. Moreover, with a lack of physical
activities, sedentary lifestyle, and unhealthy eating practices individuals are
increasingly getting diagnosed with several disorders and ailments. As a
result, there is a growing consciousness among the consumers about their
health, and they prefer to continuously check and monitor their health
condition in order to prevent the ailment before it turns out to be severe.
This, in turn, is boosting the product demand in the United Kingdom homecare
medical equipment market. Apart from this, the homecare medical equipment
related to oxygen is gaining wide traction due to the considerable increase in
the cases of chronic obstructive pulmonary disease (COPD) such as Asthma,
Bronchitis, and Emphysema across the world.
Individuals with such disorders do not necessarily require frequent
hospital visits for check-ups as they can be done at home. In order to monitor
and treat their symptoms and diseases at their convenient place, patients are
likely to require monitoring and treatment devices. For instance, nebulizers
are utilized to administer asthma respules into the lungs, and glucometers, are
utilized at home to check the amount of glucose present in diabetics' blood.
Therefore, the rising cases of diabetes and asthma are expected to bolster the
United Kingdom homecare medical equipment market in the coming years.
Furthermore, the introduction of technologically advanced medical devices such
as needle-free diabetic devices, miniature, and portable medical equipment, and
minimally invasive or non-invasive medical devices are expected to provide a
positive outlook to the market over the projected period.
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The
United Kingdom homecare medical equipment is segmented by type, by distribution
channel, by company, distribution channel, competitional landscape, and
regional distribution. Based on type, the market is further segmented into
therapeutic equipment, patient monitoring equipment, mobility aids &
patient support equipment, and others. Among these, patient monitoring
equipment is expected to register the largest share in the market over the
coming years due to the growing demand for home-based care of the patient and
the rising trend of self-diagnosing. Rising concerns among the patients about
their health have led them to increasingly adopt self-diagnosing and treatment
devices in order to prevent their health condition from becoming severe.
Increasing cases of obesity, due to sedentary lifestyle, junk food eating, and
the growing working population is creating higher risks of blood sugar level
increase, which the patient continuously wants to monitor with the help of a
glucometer. As a result, the demand for portable home-based devices is
increasing significantly. This, in turn, is expected to accelerate the patient
monitoring equipment segment over the forecasted period. By distribution channel, the United Kingdom
homecare medical device market is bifurcated into hospital pharmacies, retail
pharmacies, online pharmacies, and others. The market analysis also studies the
regional segmentation to devise regional market segmentation, divided among
London, East Anglia, Southwest, Southeast, Scotland, East Midlands, and
Yorkshire & Humberside.
A partial list of major market players of United
Kingdom homecare medical equipment includes:
- Philips Medical
Systems UK Limited
- GE Healthcare UK
Limited Siemens Healthcare Limited
- Medtronic United
Kingdom
- Mindray UK Limited
- Hitachi Medical
Systems UK Limited
- Stryker (UK)
Limited
- Smith & Nephew
Plc.
- Convatec Group plc
- B.Braun Medical
Limited
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“Increasing investments and introduction of favourable
government initiatives and schemes to make medical device accessible would provide
a positive outlook to the United Kingdom homecare medical equipment market.
Moreover, the COVID-19 conditions have further added to the demand for homecare
medical equipment as people, especially children and geriatric population in
the region were advised for homecare medical services. New market players are
advised to emphasise on developing cost-effective and portable medical devices to
lead the market and highlight their brand,” said Mr. Karan Chechi, Research
Director with TechSci Research, a research based global management consulting
firm.
“United Kingdom Homecare Medical Equipment By Type
(Therapeutic Equipment, Patient Monitoring Equipment, Mobility Aids &
Patient Support Equipment, Others), By Distribution Channel (Hospital
Pharmacies, Retail Pharmacies, Online Pharmacies, Others), By Region, By
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