The per-encounter medical market comprises medical devices that are used to meet everyday healthcare needs on a temporary basis. This includes medical mobility devices like wheelchairs, walkers, canes and crutches that assist with mobility. Other products include wound care management devices like bandages, dressings and gloves that help treat minor wounds and injuries. The growing prevalence of chronic diseases and disabilities has increased the demand for such easy-to-use, temporary medical solutions. Products in this market offer patients independence and convenient treatment options without costly hospital stays or specialized medical equipment. The global per-encounter medical market is driven by an aging population, rising lifestyle diseases and improved access to basic healthcare.
The global Per-Encounter Medical market is estimated to be valued at US$ 156.26 Bn in 2024 and is expected to exhibit a CAGR of 16% over the forecast period from 2024 to 2031.
Key Takeaways
Key players operating in the Per-Encounter Medical market are Invacare Corporation, Sunrise Medical (US) LLC, Permobil Inc., Pride Mobility Products Corporation, Drive Devilbiss Healthcare, Hoveround Corporation, Ottobock Healthcare, 21st Century Scientific, Inc., Meyra GmbH, LEVO AG, Merits Co. Ltd., Segway Inc., Scewo, GF Health Products Inc., Karman Healthcare, Inc., KYMCO Healthcare, SOWECARE B.V, and Nanjing Jin Bai He Medical Apparatus Co., Ltd.
The Per-Encounter Medical Market Growth prevalence of chronic conditions like diabetes, cardiovascular diseases, arthritis and accidents has increased the demand for medical mobility devices and wound care management products. Rapid urbanization and hectic lifestyles have resulted in higher risks of disabilities, injuries and age-related mobility issues. This is expected to drive the need for convenient per-encounter medical solutions.
Many key players are expanding their global footprint through partnerships and acquisitions. They are focusing on emerging markets in Asia, Latin America, Middle East and Africa to tap higher growth opportunities. Regulatory frameworks for healthcare devices are also being strengthened in developing nations, providing a robust environment for market expansion.
Market Key Trends
Telehealth and remote patient monitoring technologies are gaining traction in the per-encounter medical market. Key players are integrating smart sensor technologies and wireless connectivity into mobility aids, wound care products and self-care kits. This allows real-time health tracking and enables remote consultations with caregivers. Many devices are being made lightweight, compact and portable for higher convenience during travel or everyday use. Sustainable and eco-friendly product design is a major trend to reduce environmental footprint. Manufacturers are increasingly using recycled, bio-derived and recyclable materials for equipment components.
Porter’s Analysis
Threat of new entrants: Low barrier for new firms to enter the market through online distribution channels and social media marketing. However, existing major players have established brand names, strong distribution networks, and capital to invest in new technologies.
Bargaining power of buyers: Large healthcare providers and institutional buyers have moderate bargaining power due to their size and ability to negotiate lower prices. Individual consumers have less bargaining power.
Bargaining power of suppliers: Suppliers of medical components, devices, and technologies have some bargaining power as industry players rely on them for innovation and customization. However, dependence on few suppliers is low due to availability of substitutes.
Threat of new substitutes: Development of remote patient monitoring devices and digital health platforms pose a threat by reducing the need for equipment and in-person support traditionally provided by this market.
Competitive rivalry: High as industry players compete on technology innovation, brand recognition, quality, service, and price. Players follow both differentiation and low-cost strategies.
Geographical Regions
North America accounts for the largest share of the Per-Encounter Medical Market Regional in terms of value due to aging population, high healthcare spending, and presence of major industry players.
Asia Pacific region is expected to grow at the fastest rate during the forecast period driven by factors such as improving access to healthcare facilities, increasing awareness, healthcare reforms focusing on homecare, and rise of medical tourism industries in countries like India and Thailand.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
About Author – Vaagisha Singh
Vaagisha brings over three years of expertise as a content editor in the market research domain. Originally a creative writer, she discovered her passion for editing, combining her flair for writing with a meticulous eye for detail. Her ability to craft and refine compelling content makes her an invaluable asset in delivering polished and engaging write-ups. LinkedIn