HOME MEDICAL EQUIPMENT MARKET ANALYSIS

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Key Developments

1. Major companies in the market are focused on various business strategies such as collaboration and partnership, in order to enhance their market presence. For instance, in January 2018, GE Healthcare and Roche Ltd. entered into partnership to develop diagnostic platform to improve critical care treatment. This partnership will apply advanced analytics to in-vivo data from GE’s medical imaging and monitoring equipment with in-vitro data from Roche’s biomarkers, sequencing portfolio, and tissue pathology.
2. Key players in the marker are involved in various business strategies such as merger and acquisition, in order to gain competitive edge in the global market. For instance, in March 2019, ResMed, a U.S.-based medical equipment company, acquired HB Healthcare, a provider of home medical equipment. HB Healthcare is a South Korea-based company, providing sleep and respiratory care devices.
3. Key companies in the market are involved in various growth strategies such as service and business expansion, in order to enhance their market presence. For instance, in February 2018, Phillips India Ltd., a health technology company, expanded its ‘Healthcare@home services to Chennai, India with launch of ICY@home. This new service will provide intensive care unit equipment and high-quality medical care to patients at home.