LOS ANGELES, March 12, 2019 (GLOBE NEWSWIRE) -- QY Research has added a new report in its database titled, "Global Home Healthcare Equipment Market Share and Growth 2019," to provide a detailed analysis of the key market trends and developments and to analyze the future and current market scenario for the projected period of 2019-2025. The global home healthcare equipment market is likely to reach over US$ 24 Bn by the end of 2025 from US$ 16.1 Bn in the year 2018, expanding at a moderate CAGR of 5.1% during the anticipated period.
The global market for home healthcare equipment consists of a wide range of medical services and devices that helps patients to diagnose or treat various type of chronic diseases. These type of devices and services play a significant role in providing cost-effective medical facility to the patient. The market is growing rapidly because of few factors such as the growing elderly population, increasing healthcare cost, government initiatives, and technological advancement.
Global Home Healthcare Equipment Market: Drivers and Restraints
Due to increasing elderly population and the changing lifestyle of the people across the globe, the home healthcare equipment market is growing in the years to come. Rising incidences of chronic diseases such as diabetes, cancer, kidney failure, stroke, and respiratory problems are impelling patients to use healthcare equipment at home. This particular factor is driving the growth of home healthcare equipment market. The market is also showing lucrative opportunities due to the increasing acceptance of technological advancements and an alternative cost-effective medical facilities, compare to other medical equipment. Some of the other factors such as rising disposable income and growing urban population are likely to fuel the growth of the home healthcare equipment market over the predicted period.
However, limited insurance coverage, the risk associated with using the healthcare equipment at home, chronic illness, and changing reimbursement policies are hampering the growth of the home healthcare equipment market.
Global Home Healthcare Equipment Market: Segmental Analysis
The global market for home healthcare medical equipment is segmented into application and product type. On the basis of application, the market is segmented into Care and Rehabilitation, Diagnostics and Monitoring, and Therapeutics. Based on the product type, the market is further segmented into Rehabilitation equipment, Blood Glucose Monitor, and Blood Pressure Monitor.
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Global Home Healthcare Equipment Market: Regional Outlook
North America is expected to be the largest supplier of home healthcare equipment market. The North America is also expected to grab largest revenue share of production and sales during the projected period. Europe is likely to be the largest region in terms of consumption of production and sales across the globe. Apart from these regions, Asia Pacific is also expected to be the leading market for home healthcare equipment. Countries such as Japan is likely to hold the major market share for the home healthcare equipment market during the forecasted period.
Global Home Healthcare Equipment Market: Key Manufacturers
Some of the top players operating into the worldwide market for home healthcare equipment are Invacare, Lifescan, William Demant, Medtronic, Phonak, A&D Company Limited, Microlife, Abbott Laboratories, Animas, Omron Corporation, Insulet, Roche, Siemens, Panasonic, OSIM, Yuwell, and SANNUO.
Panasonic Posts Quarterly Earnings Results, Misses Estimates By $0.03 EPS
Panasonic has announced its earnings on February 04, 2019. The firm had earned $0.23 Earnings per Share for the quarter ended period and missing analysts' consensus estimates to $0.26 by ($0.03). The company had earned a revenue of $18.41 billion for the quarter end. Panasonic ROE (Return on Equity) is 11.18% and a net profit is 2.62%. The company shares traded to $0.23 on February 05 by hitting $9.44. The trading volume of stock has 37,130 number of shares as compared to its average volume of 215,539 number of shares. The market capitalization of the company is $22.54 billion, a beta is 1.18, a price-to-earnings-growth ratio is 1.48, and a PE ratio is 10.37. Panasonic’s current ratio is 1.13, debt-to-equity ratio is 0.43, and a quick ratio is 0.81.
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