Alternative Medicines Therapies Market Size, Share, Growth, Trends, Analysis And Forecast 2017 to 2025

Alternative medicines and therapies refer to natural method of treatment which is different from conventional or pharmaceutical medicines. Alternative medical treatment includes non-mineral, non-vitamin and natural substances. On the basis of modality, alternative medicine market can be segmented into homeopathic medicine, herbal medicine, naturopathy, acupuncture, traditional Chinese medicine, ayurvedic medicine and others. Alternative therapies include magnetic therapy, herbal therapies, yoga, mud therapy and oil massage therapy, deep breathing exercise, osteopathic manipulation and meditation. Alternative medicines and therapies are used in chronic diseases, neurological diseases, reducing pain and depression and others.

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Europe, followed by Asia and North America has the largest market for alternative medicines and therapies due rise in adoption of alternative medicines and natural therapies and technological advancement for drug development in this region. In addition, Japan is expected to show high growth rate in the alternative medicines and therapies market in next five years due to rise in aging population and high spending in alternative medicines and therapies in the region.

Increasing adoption of alternative medicines and natural therapies, technological advancement, rise in ageing population, ease to reach, increasing healthcare expenditure, government initiatives and rise in adoption of alternative medicines and therapies such as biosimilars are expected to drive the market for alternative medicines and therapies, In addition, increasing consumer spending in healthcare, rise in number of incidence of various diseases and cost effectiveness of alternative medicines and therapies are expected to drive the market for alternative medicines and therapies. However, economic downturn and side effects from the alternative medicines and strict rules and regulations led by some governments are restraining for the growth of global alternative medicines and therapies market.

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Growing demographics and economies in the developing countries such as India and China is expected to lead the growth in alternative medicines and therapies market in Asia. In addition, rapid increase in aging population, increasing demand for herbal medicines and rise in demand of alternative drugs and natural therapies are expected to offer new opportunity to global alternative medicines and therapies market. However, safety in clinical trials and standardization is a challenge for the alternative medicines and therapies market. Increasing number of collaborations and partnerships and new products launched in the market are some of the trends have been observed in global alternative medicines and therapies market. Some of the major companies operating in the global alternative medicines and therapies market are

Weleda (U.K.) Ltd.
Arya Vaidya Pharmacy
Cipla Ltd
Wright Health Group Ltd.
Sante Verte Ltd
Sandoz International GMBH
Biocon Ltd. and Dr. Reddy’s Laboratories Ltd.

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Hiv Aids Testing Market Size, Share, Growth, Trends, Analysis And Forecast 2017 to 2025

HIV-AIDS is a chronic disease caused by the human immunodeficiency virus (HIV).  HIV virus damages human immune system, which results weakness of immune system and loss ability to fight with organism that causes disease. HIV-AIDS most often spread through unprotected sex with HIV infected person. In addition, HIV-AIDS can also be spread from infected mother to child during pregnancy, infected blood and sharing needles with someone who has HIV-AIDS. Some of the symptoms of HIV include slight fever, swollen glands, muscle aches, headaches and fatigue.  HIV-AIDS has no cure but there are treatments which help to reduce AIDS deaths. HIV-AIDS can be treated by nucleoside/ nucleotide reverse transcriptase inhibitor, integrase inhibitor, HIV-1 protease inhibitor, non-nucleoside reverse transcriptase inhibitor, pharmacokinetic enhancer and entry inhibitor. Some of the drugs for HIV -AIDS treatment include atripla, epzicom, prezista, truvada, kaletra, isentress, reyataz and viread. HIV testing and diagnostics include early detection, treatment swatching, On the basis of diagnosis HIV-AIDS market can be classified into HIV antibody assay, western blot, antigen-antibody immunoassay, HIV home-testing kit, rapid HIV antibody test, polymerase chain reaction test and HIV p24 antigen test.

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Europe, followed by North America, has the largest market for HIV-AIDS testing due to affordability and accessibility of expensive tests for HIV-AIDS and innovations in drug therapies in this region. Asia is expected to show high growth rate in the HIV-AIDS testing market in next few years due to increasing number of HIV-AIDS population and increasing research activities for developing HIV drugs and vaccines in the region.

Increasing number of HIV patients, technological advancement in HIV-AIDS diagnosis, increasing incidence of infectious diseases, rise in research activities for developing HIV vaccines and lack of awareness about the modes of transmission of the virus are expected to drive the market for HIV-AIDS testing. In addition, increasing awareness about HIV aids treatment options available in the market and cost effective drug therapies for HIV is expected to drive the HIV-AIDS testing market. However, rapid replacement of HIV-AIDS drugs and therapies by new drugs and therapies and patient protection losses are some of the factors restraining the growth for global HIV-AIDS testing market.

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Growing demographics and economies in the developing countries such as India and China is expected to lead the growth in HIV-AIDS testing market in Asia. In addition, rise in awareness about HIV-AIDS treatment and innovations in technologies related to HIV-AIDS testing are expected to offer new opportunity to global HIV-AIDS testing market. Companies involved in new product launch is one the recent trends have been observed in global HIV-AIDS testing market. Some of the major companies operating in the global HIV AIDS market are

Abbott Laboratories Inc.
Hologic Inc.
Siemens Healthcare Diagnostics Inc.
Bio-Rad Laboratories Inc.
Roche Diagnostics Inc. and Ortho-Clinical Diagnostics Inc.

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Viral Molecular Diagnostics Market Size, Share, Growth, Trends, Analysis And Forecast 2017 to 2025

Molecular diagnostics refers to a technique used to detect and identify the presence of genetic material or proteins associated with a specific health condition or disease. Viral molecular diagnostic helps in diagnosis of infectious diseases caused by virus. Viral molecular diagnostics has varied applications in hospitals, academics institutions, laboratories and others. On the basis of application, viral molecular diagnostics can be segmented into infectious diseases, genetics, blood screening, microbiology and others. On the basis of infectious diseases, viral molecular diagnostics market can be segmented into hepatitis B virus (HBV), hepatitis C virus (HCV), human immunodeficiency virus (HIV) human papillomavirus (HPV) and others. On the basis of technology, viral molecular diagnostics market can be segmented into polymerase chain reaction (PCR), isothermal nucleic acid amplification technology (INAAT), microarrays, in situ hybridization and others.

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North America, followed by Europe, has the largest market for viral molecular diagnostics due to developed healthcare infrastructure, accessibility and affordability of diagnostic tests for viral infectious diseases in this region. Asia is expected to show high growth rate in the viral molecular diagnostics market in next few years due to high incidence of viral infectious diseases and rise in awareness about treatments and disease diagnosis in the region.

Increasing demand for advanced molecular diagnostic tests, rise in the incidence for viral infection diseases, technological advancement in molecular diagnostics are expected to drive the market for viral molecular diagnostics. In addition, rise in awareness about viral infections and available diagnostic tests for viral infectious diseases are expected to drive the market for viral molecular diagnostics. However, lack of skilled professionals and high cost of molecular diagnostics are some of the major factors restraining the growth for global viral molecular diagnostics market.

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Growing demographics and economies in the developing countries such as India and China is expected to lead the growth in viral molecular diagnostics market. In addition, innovations and development of advanced molecular diagnostic tests for viral infections and increasing awareness about the infectious diseases and diseases diagnosis are expected to offer new opportunities for global viral molecular diagnostics market. Increasing number of collaborations and partnerships and new product launches are some of the latest trends that have been observed in global viral molecular diagnostics market. Some of the major companies operating in the global viral molecular diagnostics market are

Abbott Laboraories
Bio-Rad Laboratories
Becton
Dickinson and Company
F. Hoffmann-La Roche Ltd
Roche Diagnostics
Qiagen
Olympus Corporation
Thermo Fisher Scientific

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3d Bioprinting Market Size, Share, Growth, Trends, Analysis And Forecast 2017 to 2025

The demand for 3D bioprinting has increased significantly, as it is employed for developing organ and tissue constructs that are used scaffolds, research and development of drugs, and development of medical implants.

3D bioprinting is a process of creating spatially-controlled cell patterns in 3D, where viability and cell function are conserved within printed construct. The 3D bioprinting industry that is currently at the embryonic stage of generating replacement human tissue has been forecast to be worth billion dollars by 2019. 3D bioprinting at present largely involves the creation of simple tissue structures in lab settings, but is estimated to be scaled up to involve the creation of complete organs for transplants. This technology is expected to be used for more speedy and accurate drug testing, as potential drug compounds could be tested on bioprinted tissue before human trials commenced.

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3D bioprinting is steadily emerging as an area that is gathering attention from a lot of academicians. Some of the researchers have recently opened start-up firms with aim of commercializing the technology in coming years. A number of start-ups have recently sprung up to build up products based on bioprinting. Some are spin outs from university research. For examples, Aspect Biosystems focused on printing tissue models for toxicity testing TeViDo BioDevices focused on printing breast tissue and SkinPrint focused on developing human skin. The market of 3D bioprinting particularly focuses on the commercial bioprinters and those under development, their applications and the expected future evolution. It is widely predictable that the 3D bioprinting market has great potential. It requires biocompatible materials (bio-ink and bio-paper), software (CAD), hardware (bioprinters); each has the capability to grow into separate niche industries.

The market at present has 14 industry sponsored bioprinters, focused on variety of commercial applications. The widen supply-demand gap for organ transplants is an unmet need; the ultimate goal of researchers is to be able to create bioprinted organs for organ transplants. The focus of this market is expected to shift from research to commercialization. At this stage, the applications such as tissue engineering (skin and cartilage) and drug testing (skin and cartilage) are expected to be popular.

In coming years, 3D bioprinting to be a multi-billion dollar industry owning to early success of bioprinted organ transplants is expected to offer additional boost in subsequent years. The next generation of bioprinters is to offer additional features such as multiple arms and is expected to be comparatively more affordable driving wider adoption. Aspect Biosystems would dramatically cut the cost and time it takes to develop and test the drugs leading to cures for presently incurable diseases and cheaper treatment options. The companies in bioprinting market include SkinPrint that is developing a replacement skin for the burns patients or for those suffering from skin disorders. Aspect Biosystems that is developing printed tissue for drug testing.

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Growing awareness about 3D bioprinting has increased competition among the players. some of the major players in the global 3D bioprinting market are Advanced

Biomatrix
3D Biotek
3D Systems
Avita Medical
Bespoke Innovations
Autodesk
EnvisionTEC
Cyfuse Biomedical
CMC Microsystems
Digilab
United Therapeutics
TeVido BioDevices
DTM
Bio3D Technologies
Helisys Inc. CMC Microsystems

Leading players in the market are engaged in product innovation, research and development activities, and product launches and approval to maintain their position against their competitors.  Apart from players, various institutions are also engaged in 3D bioprinting R&D. Recently, the Institute for Technology Inspired Regenerative Medicine in Netherlands and Aspect Biosystems collaborated to make advancements in 3D printing and regenerative medicine. In 2018, several research institutes and universities were involved in the developing high efficacy and better quality of bio-implants at low costs.
The U.S. FDA presented a grant of USD 2.5 million to first five research institutions for research and development in bio manufacturing inclusive of 3D bioprinting. These institutions were Carnegie Mellon University, Harvard University, Georgia Institute of Technology, Rutgers University, and Massachusetts Institute of Technology. Besides, Asia Pacific is also offering huge growth opportunity for the global 3D bioprinting market.

According to the report, regionally, North America is leading the global 3D bioprinting market and is likely to hold dominant share in the near future. Large number of target population base is the major reason behind the dominance of this market. Moreover, availability of sophisticated healthcare infrastructure and presence of key players in the regions further boosted growth of North America 3D bioprinting market. Increasing investments made in research and development activities is also contributing in the growth of this market.

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Pharmaceutical Spray Drying Market Size, Share, Growth, Trends, Analysis And Forecast 2017 to 2025

Pharmaceutical sector is growing at a significant rate due to increasing prevalence of diseases, growing awareness and rising government initiatives. Pharmaceutical spray drying refers to a process of rapid drying of pharmaceutical product with hot gas to produce dry powder from liquid or slurry. Pharmaceutical spray drying market is expected to grow at a significant rate as a result of increase in demand for dried products. In pharmaceutical spray drying, even sized particles are distributed for producing industrial products such as catalysts. Air is the most commonly used medium for drying; however, when liquid is inflammable, the ethanol can be used as a drying agent. If product is oxygen sensitive, then nitrogen can be used. Pharmaceutical spray dryers use atomizer or spray nozzle for easy dispersion of liquid or slurry into the area which has drying medium in it and results in powder formation.  Pharmaceutical spray drying is most commonly used for production of active pharmaceutical ingredient (API). Pharmaceutical spray drying market is growing due to various desired characteristics offered such as no contamination, hygienic conditions, and pressure control.

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North America dominates the global market for pharmaceutical spray drying, due to high demand for pharmaceutical products and technological advancement in the region. Europe, followed by the Asia, is expected to experience high growth rate in the next few years in global pharmaceutical spray drying market. This is due to improvement in the healthcare facilities and increasing R&D initiatives in the region. Countries such as Brazil, Russia, China and India are expected to be the fastest growing pharmaceutical spray drying markets. Some of the key driving forces for pharmaceutical spray drying market in emerging countries rising standards of healthcare in these areas and government initiatives.

Factors such as high efficiency and improvement in stability of products are driving the pharmaceutical spray drying market. Government initiatives for improvement of production procedures and technological advancement are driving the pharmaceutical spray drying market. In addition, pharmaceutical spray drying offers various advantages such as improved compression properties of produced drugs and suitable for heat-sensitive materials. However, factors such as high cost involved and less awareness among manufactures for this advanced process is restraining the pharmaceutical spray drying market.

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Introduction of new drugs in the market, such as vaccines and biologics, that require spray drying technology for their production are expected to offer good opportunities for pharmaceutical spray drying market. In addition, use of carboxymethyloxy succinic acid (CMOS) is expected to boost the pharmaceutical spray drying market. One of the major trends that have been observed in the pharmaceutical spray drying market is increased use of lyophilization. Also, it has been observed that pharmaceutical spray drying is more used for drugs in pipeline. Some of the major companies involved in pharmaceutical spray drying market are GSK, Janssen, GEA Process Engineering A/S, LEWA GmbH, Fuji Chemical Industry Co., Ltd, Nova Laboratories and others.

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Cell Based Assays Market Size, Share, Growth, Trends, Analysis And Forecast 2017 to 2025

Cell based assay refer to a technique of analysis of living cell on the basis of different parameters. Cell based assays are used to measure virtually of cellular or biochemical functions. In cell based assays, functional cells are used as diagnostic tools in research for new drugs. Cell based assays are used by pharmaceutical companies, academic research institutes, biotechnology companies, government institutions, contract research organizations and others. Cell based assays help to measure cell proliferations, motility, toxicity, production of a measurable product and morphology in diagnostics and drug discovery. Cell based assays facilitate research in the area of stem cells, cancer, immunology and others. On the basis of application, cell based assay market can be classified into drug discovery, predictive toxicology, basic research, ADME studies and others.

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North America, followed by Europe, has the largest market for cell based assays due to increasing drug related research, development activities, rise in adoption of cell based assay platforms and large number of pharmaceutical and biotechnology companies in this region. Asia is expected to show high growth rate in the cell based assays market in next few years due to technological advancement, rise in investments in R&D includes life science research and drug discover outsourcing in the region.

Increasing research activities in drug discovery, technological advancement, rise in demand for biological drugs, government expenditure, rising need for toxicity screening in drugs are expected to drive the market for cell based assays. In addition, significant advantages of cell based assay, innovations in technological advanced products and need to reduce costs associated with drug discovery are expected to drive the market for cell based assays. However, lack of skilled professionals, stringent intellectual property rights and high cost of instruments are some of the factors restraining the growth for global cell based assays market.

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Growing demographics and economies in the developing countries such as India and China is expected to lead the growth in cell based assays market. In addition, emergence of new technologies such as 3D cell based assays, advanced detection technologies, increasing requirement for toxicity screening and broadened applications of cell based assays are expected to offer new opportunities for global cell based assays market. However, complexity of high throughput screening (HTS) assay, assay optimization and standardization are some of the challenges for the global cell based assays market. Some of the major companies operating in the global cell based assays market are

Becton
Dickinson and Company
GE Healthcare
Discoverx
Promega Corporation
Thermo Fisher Scientific Inc.
Danaher Corporation
Perkinelmer

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Genetic Testing Market Size, Share, Growth, Trends, Analysis And Forecast 2017 to 2025

Molecular diagnostics market is growing at a significant rate due to increasing awareness for the same and rising investments in the field. Genetic testing refers to a process of analysis of human DNA in any of its form or related products such as RNA, chromosomes, DNA and others. Genetic testing is widely used for detection of diseases that are related to genotype, phenotype or mutation. Also, genetic testing is done to detect karyotype for clinical purposes. Popularity of genetic testing is increasing due to various advantages offered by this procedure such as detection of genetic abnormalities in early gestation period of about 8 to 10 weeks.  In addition, it also helps to determine the sex the fetus. Genetic testing market is growing at a significant rate due to increasing awareness and discoveries in the field. Of all the tests performed for genetic testing, screening for genetic mutations with Cystic Fibrosis Trans-Membrane Conductance Regulator (CFTR) gene is most widely performed.

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North America dominates the global market for genetic testing due to increasing prevalence of diseases by genetic disorders and high technological advancement in the region. Europe, followed by Asia, is expected to show high growth rate in the next few years in genetic testing market. China and India are expected to be the fastest growing genetic testing markets in Asian region. Some of the key driving forces for genetic testing market in emerging countries are increasing R&D investment, large pool of patients and rising government funding.

Various factors such as advancements in genetic testing technologies, increasing prevalence of genetic diseases and growing awareness are driving the global genetic testing market. In addition, government initiatives and increased R&D activities in the field have been driving the genetic testing market. However, high cost involved, lack of experienced professionals and stringent regulations in some regions is restraining the global genetic testing market.

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Innovation of some new techniques for genetic testing, increased efficiency and accuracy are expected to offer good opportunities for global genetic testing market. In addition, emerging markets hold good potential for growth of genetic testing market due to rising patient pool and growing awareness in these regions. Some of the major trends that have been observed in the genetic testing market are shift of focus from clinical science to bioinformatics and growing popularity of these techniques, leading to high rate of adoption of genetic testing technology. Some of the major companies dealing in genetic testing market are

Abbott Laboratories
BioRad Laboratories
Abbott Molecular Inc.
AutoGenomics Inc.
Celera Group
PerkinElmer Inc.
Quest Diagnostics Inc.
ELITech Group
Roche Diagnostics Corp.
Applied Biosystems Inc.
Roche Molecular Diagnostics Inc.
Transgenomic Inc.

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Systemic Psoriasis Therapeutics Market Size, Share, Growth, Trends, Analysis And Forecast 2017 to 2025

Psoriasis is an autoimmune skin disease that causes scaling, skin redness and irritation. Psoriasis causes red, scaly patches that are generally found on the elbows, fingernails, scalp, palms, knees, face, feet and inside the mouth. Factors that can trigger psoriasis include infections, heavy alcohol consumption, cold weather, certain medications, smoking, stress and injury to the skin such as bug bite, cut and sever sunburn. The signs and symptoms of psoriasis vary from person to person which includes dry, cracked skin that may bleed, red patches of skin covered with silvery scales, small scaling spots, itching, burning, swollen and stiff joints. Psoriasis may be classified into various types such as plaque psoriasis, scalp psoriasis, pustular psoriasis, psoriatic arthritis, guttate psoriasis, nail psoriasis, erythrodermic psoriasis and inverse psoriasis. Various treatments for psoriasis are oral medication, topical medication and biologics injections. Psoriasis can also be treating by phototherapy treatment which includes ultraviolet light therapy, laser treatment, tanning beds, psoralen +UVA and sunlight treatment. Psoriasis can occur in any part of the body and it is associated with other health conditions such as heart disease, diabetes and depression.

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North America, followed by Europe, has the largest market for systemic psoriasis therapeutics due to emergence of novel therapies and rise in treatment seeking population in the region. Asia is expected to show high growth rate in the systemic psoriasis therapeutics market in next few years due to increase in the awareness of disease in the region.

Technological advancement, rise in number of psoriasis patients, development of novel drugs, increasing disease awareness and improvement in diagnostic methods are some of the key factors driving the growth for global systemic psoriasis therapeutics market. In addition, long-term treatment involving continuous uptake of biologics are expected to drive the market for systemic psoriasis therapeutics. However, adverse side effects associated with psoriatic drugs and economic downturns are some of the key factors restraining the growth for global systemic psoriasis therapeutics market.

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Growing demographics and economies in the developing countries such as India and China are expected to offer high growth in systemic psoriasis therapeutics market in Asia. In addition, growing demand of novel therapies for psoriasis treatment is expected to develop good opportunity for global systemic psoriasis therapeutics market. However, safety concern associated with systemic psoriasis therapeutics is expected to lead a challenge for systemic psoriasis therapeutics market. Some of the major trends that have been observed for systemic psoriasis therapeutics market are increasing use of combination therapies for treating psoriasis, emergence of non-invasive psoriasis treatment and technological advancement in the field. Some of the major companies operating in the global systemic psoriasis therapeutics market are

AbbVie Inc.
Stiefel Laboratories
Biogen Idec
Novartis AG
CELGENE CORPORATION
Takeda Pharmaceutical Company Limited
Pfizer Inc.
Amgen Inc.
Janssen Biotech

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Photochromic Lenses Market Size, Share, Growth, Trends, Analysis And Forecast 2017 to 2025

Ophthalmology market is growing at a stable rate from past few years. This is due to increase in aging population, large patient pool for eye diseases and increasing awareness about eye diseases. Photochromic lenses refer to the eye lenses that when exposed to ultraviolet radiations in sunlight, darken automatically. They return to lighten shade when no longer exposed to ultraviolet radiations. Photochromic lenses may be made of glass or plastic. Glass photochromic lenses have an embedding of microcrystalline silver halides molecules in glass substrate, whereas plastic photochromic lenses are made of organic photochromic molecules. Market for photochromic lenses is growing due the increasing levels of ultraviolet radiations in the atmosphere resulting in increased prevalence of eye diseases.

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North America, followed by Europe, dominates the global market for photochromic lenses, due to high level of awareness among people and technological advancement in the region. Asia is expected to experience high growth rate in the next few years in global photochromic lenses market. Countries with large population base, such as China and India, are expected to have the fastest growing photochromic lenses markets in the Asia region. Some of the key driving forces for photochromic lenses market in emerging countries are growing awareness and increase in the disposable incomes.

Increasing prevalence of eye diseases, introduction of photochromic lenses with improved quality, reduced costs and increasing awareness among people are driving the global photochromic lenses market. However, discomfort and other drawbacks associated with the use of photochromic lenses and economic slowdown are restraining the global photochromic lenses market. In addition, advanced technology in alternatives available such as dedicated sunwears restrain the photochromic lenses market.

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Growing popularity and innovation of products with more advanced technology are expected to offer good opportunities for photochromic lenses market. Some of the major trends that have been observed in the photochromic lenses market include involvement of companies in R&D of new variety of lenses by use of different technologies. For instance, drivewear lenses have been developed by use of photochromic lenses and nupolar polarization technology. Some of the major companies dealing in photochromic lenses market are

Transitions Optical
Corning
Rodenstock GmbH
SEIKO Optical Europe GmbH and Carl Zeiss AG.

Other companies with significant presence in photochromic market include

Essilor international
Vision Ease Lens
Younger Optics
Optical Dynamics and Signet Armorlite

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Home Medical Equipment Market Size, Share, Growth, Trends, Analysis And Forecast 2017 to 2025

Home Medical Equipment Market – Overview

Increasing practices of use of technology for self-health management to reduce burden on formal healthcare systems have led to spurt in demand for home medical equipment. Individuals with chronic diseases seek recourse to home medical device to manage their own health, receive assistance for health management, or assist others with healthcare. Cost-effective healthcare solutions in home settings are mostly viable for chronic diseases such as blood pressure and arthritis that mostly requires lifelong medical care need. These medical care solutions, however, need to be safe and convenient.

The home medical equipment market is divided on the basis of product, software, and region. Broadly, by product, home medical equipment market comprise testing, screening, and monitoring products, therapeutic products, mobility care products. Mostly, home medical equipment are used for kidney disorders, respiratory diseases, and cancer.

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The home medical equipment market report scrutinizes current status and standpoint of home medical equipment market from various perspectives, including market segmentation and competitive structure. The report delves into each and every vital aspect, including competitive dynamics that are all-important to understand the growth trajectory of home medical equipment market in the forthcoming years. It does so via standard statistical tools and industry-centric research methodologies.

Home Medical Equipment Market – Notable Developments and Competitive Landscape

Partnerships and strategic collaborations are some key growth practices among entities in the home medical equipment market.

• Recently, in a new development, Electromed Inc., entered into an agreement with two distributors for home medical equipment – one regional and one national. Leveraging the distribution network of the two, the company has commercial interests for distribution and sales of SmartVest Airway Clearance System in the U.S. In the quest, Electromed has commenced sale of SmartVest system via home medical equipment distributors in targeted geographies.

Using homecare distribution channel, this enables physicians and patients have access to SmartVest in certain parts of the U.S. Further, the channel also broadens exposure of SmartVest brand airway clearance system.

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• In another partnership for distribution, Smiths Medical – a leading medical device manufacturer has partnered with Medline Industries for distribution of its Portex acapella positive expiratory pressure therapy device. This distribution partnership will serve to provide improved access to Smiths Medical’s proprietary acapella devices for patients within home care settings.

Key companies operating in the home medical equipment market that have been profiled in this report are 

F. Hoffmann-La Roche Ltd
GE Healthcare
Abbott
CareFusion Corporation
Hospira Inc.
Philips Healthcare
Medline Industry Inc.
B. Braun Melsungen AG
AstraZeneca
Baxter
ResMed
Stryker

Home Medical Equipment Market – Key Trends

Vast rise in incidence of chronic diseases has spawned practices of home healthcare. Individuals afflicted with chronic diseases such as hypertension and diabetes look for cost-effective medical care not compromising in quality of care and safety. Home medical equipment that are certified by regulatory agencies find wide acceptance for cost factor and convenience. For example, insulin delivery devices and inhalers are some commonly used home medical equipment that saves vast healthcare expenses for individuals.

Technological advances in home medical equipment is another key factor behind their increasing adoption. Due to technological advances coupled with cognizance for technology among individuals, use of home medical equipment is pacing rapidly. Adoption of expensive technologically medical equipment for home use involves one-time cost that offsets cost incurred due to repeated hospital visits.

Home Medical Equipment Market – Regional Outlook

The home medical equipment market is divided into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa. North America, among all, commands leading share in the home medical equipment market. Technological advancements, high disposable income, and awareness among individuals for availability of home medical care are key factors behind staggering demand for home medical equipment in the region.

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