Technology to drive growth in HME market
DALLAS – U.S. demand for home medical equipment is forecast to grow 8.2% annually to $12.6 billion in 2018, according to a report by RnRMarketResearch. Underlying growth: advances in technology for portable oxygen concentrators, remote telemedicine systems and home dialysis machines. “Cost saving advantages will promote the increasing substitution of home health care for hospital, ambulatory and nursing home procedures whenever feasible,” the report states. Among HME, remote monitoring and real-time systems based on telemedicine technology will generate the fastest revenue growth, as physicians, hospitals and other medical providers are pressured by health insurers to become accountable for improving patient outcomes and controlling costs, according to the report.