United Kingdom homecare medical equipment market is expected to witness promising growth during the forecast period, 2023-2027. The market growth can be attributed to the recurring cases of several lifestyle and chronic diseases such as diabetes, and various other cardiovascular and respiratory disorders. For instance, glucose meters are gaining traction as they assist in assessing glucose levels in the blood for monitoring diabetes. Moreover, the growing geriatric population in the United Kingdom is adding to the increased demand for homecare medical equipment. The geriatric population depends on wheelchairs, accessibility beds, and walkers for mobility, as a result, demand for such products is rising in the region. Besides, growing awareness related to early diagnosis of diseases is further augmenting the demand for home-based medical equipment through 2027.
Homecare medical equipment refers to a device that is intended to be utilized by an individual in any environment other than a professional healthcare facility. The medical equipment provides support and care for both acute and chronic medical ailments . It also extends support for disease prevention and several lifestyle choices. The homecare medical equipment mainly includes oxygen treatment devices, glucose meters, wheelchairs, accessibility beds, infusion pumps, apnea monitors, and cannula.
Technological Advancements Facilitate the Market Growth
The rapid development in science and technology is providing a thrust to the United Kingdom homecare healthcare equipment market. The ongoing trend of miniaturization of technology and growing demand for cost-effective devices have led to robust growth in the demand for homecare-based medical devices that are technologically advanced and portable as well. Moreover, the introduction of new technologies such as needle-free diabetic devices, minimally or non-invasive diagnosing equipment, and medication administration equipment is providing a boost to the market. In addition to this, the fully integrated medical devices have empowered patients by making them self-reliant and not dependent on healthcare professionals, enhanced the quality of care, and made diagnosing easy and accessible in the United Kingdom healthcare market.
Increasing investments by the government boost the market growth
The healthcare industry in the United Kingdom is expanding rapidly owing to the increasing investments by the government and several leading market players. For instance, the UK government has embarked digital transformation in terms of healthcare by launching a national health service (NHS) app to facilitate a health and social care system that is much more effective, easily accessible, and fast to use. It will deliver more personalized care. In addition to this, the government is providing support to local manufacturers by extending financial aid and other resources to let the local manufacturers collaborate with global key leaders and manufacture cost-effective medical devices locally. This is expected to propel the United Kingdom healthcare market in the coming years.
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Market Segmentation
The United Kingdom homecare medical equipment market is segmented by type, by distribution channel, by company, competitional landscape, and regional distribution. Based on type, the market is differentiated between therapeutic equipment, patient monitoring equipment, mobility aids & patient support equipment, and others. By distribution channel, the 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.
Company Profile
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, among others are the market players operating in the United Kingdom homecare medical equipment market.
| Attribute | Details |
| Base Year | 2021 |
| Historical Data | 2017 – 2020 |
| Estimated Year | 2022 |
| Forecast Period | 2023 – 2027 |
| Quantitative Units | Revenue in USD Million, and CAGR for 2017-2021 and 2022-2027 |
| Report coverage | Revenue forecast, value forecast, company share, competitive landscape, growth factors, and trends |
| Segments covered | · · Type, · Distribution channel, · Company, · Region |
| Regional scope | London, East Anglia, Southwest, Southeast, Scotland, East Midlands, and Yorkshire & Humberside |
| Key companies profiled | 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 |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
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