Equipment

fitness

Worldwide Industry for Home Fitness Equipment to 2025 – North America is Leading the Global Market

DUBLIN–(BUSINESS WIRE)–Nov 19, 2020–

The “Home Fitness Equipment Market – Growth, Trends, and Forecast (2020 – 2025)” report has been added to ResearchAndMarkets.com’s offering.

The home fitness equipment market is projected to register a CAGR of 2.86% during the forecast period (2020-2025).

Companies Mentioned

  • Amer Sports
  • Nautilus Inc.
  • Johnson Health Tech Co. Ltd
  • Dyaco International Inc
  • Technogym SpA
  • Icon Health & Fitness Inc.
  • Origin Fitness Ltd
  • Echelon Fitness Multimedia LLC

Key Market Trends

Consumers’ Interest in Customized Workout Regimes

The busy schedule and long hours of working, crowded fitness centers, and problems regarding vehicle parking have resulted in an increasing number of consumers actively inclining towards home workouts. The home fitness equipment eliminates the inconvenience of commuting to a gym to use the machines and are highly cost-effective in the long run. The small, recurring cost incurred in transportation, workout equipment, trainer fees, and membership fees is a major factor promoting consumer inclination for home fitness equipment.

Moreover, the increasing number of manufacturers investing in launching apps, which provides a platform for the customers to select their personal trainers for either online classes or home visits to meet their specific fitness requirements, such as bodybuilding. For instance, in 2019, MIRROR, the company that created the first nearly invisible, interactive home gym, announced the launch of one-on-one personal training. For the first time, members will be able to bring the country’s top trainers into their homes through MIRROR’s immersive technology.

North America is Leading the Global Market

The North American market witnessed significant growth, due to the rising health awareness among consumers with the growing adoption of exercises related to physical wellbeing, weight management, improving body stamina, and muscular strength driving the market growth in the country. The rising percentage of the obese population and increasing health concern are the other major factors that are driving the home fitness equipment market in the country. For instance, According to National Health and Nutrition Examination Survey, in 2016, about 39.6% of American adults were obese.

Furthermore, the rising preventive healthcare measures and the augmenting healthcare costs are enabling consumers to engage in regular workouts to remain fit. Additionally, with the growing demand, manufacturers operating in the global market are expanding their presence to achieve a competitive advantage in the market. For instance, In 2019, Wattbike launched Wattbike Atom in the United States with real ride feel technology. The Atom offers the authentic, intelligent, and adaptable indoor performance training experience for the home, ideal for any cyclist and fitness enthusiast.

Key Topics Covered:

1 INTRODUCTION

1.1 Study Assumptions and Market Definition

1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

3.1 Market Overview

4 MARKET DYNAMICS

4.1 Market Drivers

4.2 Market Restraints

4.3 Porter’s Five Forces Analysis

4.3.1 Threat of New Entrants

4.3.2 Bargaining Power of Buyers/Consumers

4.3.3 Bargaining Power of Suppliers

4.3.4 Threat of Substitute Products

4.3.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION

5.1 By Product Type

5.1.1 Treadmills

5.1.2 Elliptical Machines

5.1.3 Stationary Cycles

5.1.4 Rowing Machines

5.1.5 Strength

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fitness

North America Fitness Equipment Market Size to Cross USD 6 Billion by 2026

Pune, Maharashtra, November 19 2020 (Wiredrelease) Graphical Research :According to the Graphical Research new growth forecast report titledNorth America Fitness Equipment MarketShare is set to Outpace USD 6 billion by 2026. Advanced technology landscape in North America will support the adoption of digitally connected gym equipment. There is a growing trend of connected fitness experience with several companies incorporating digital technologies in machines. Developments in technologies, such as cloud, AI, and wearable technology, will encourage people to adopt modern exercise techniques that enable immersive workout experiences. In October 2019, Nautilus launched a digital platform JRNY that uses AI to offer customized workouts, adjusting automatically with the user.

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The ongoing coronavirus pandemic will negatively impact the North America fitness equipment market. The temporary closure of gyms and health clubs with the lockdown imposed by government organizations in the first quarter of 2020 has hampered the demand for fitness machines. With relaxations in the lockdown rules followed by the reopening of gyms, the fitness equipment industry will regain traction. With the increasing awareness about health immunity during the health crisis, there will be a demand for the equipment from fitness enthusiasts working out from their homes.

The demand for robust strength training equipment for bone health and enhanced joint flexibility will support North America fitness equipment market growth. The American Heart Association recommends strength training at least twice a week. Strength equipment enables to increase bone density and reduces the risk of fractures. It also helps to maintain flexibility in joints and reduce the symptoms of arthritis. Several companies are launching enhanced strength training equipment to enhance their product landscape. In March 2018, Matrix Fitness launched a training console that offers a guided training experience and facilitates strength training for new learners.

Companies including Google, Microsoft Corporation, and Intel Corporation are incorporating gyms in their infrastructure and have well-equipped fitness centers. Corporate offices integrate gyms into their campus to enhance employee productivity and ensure their health wellbeing. Retro Fitness is a health club franchise with around 120 locations across the U.S. They have a corporate sponsored wellness program that collaborates with companies, enabling them to integrate gyms into the work environment to boost employee productivity.

The growing trend of health club memberships in the U.S. will surge the demand for high-quality fitness equipment. According to IHRSA, gym memberships surpassed 62 million in 2018, an increase of 2.6% from the statistics in 2017. Gym memberships ensure a consistent exercise routine, ensuring enhanced fitness. Several fitness centers also offer discounts on memberships to maintain long-term contracts with new customers and retain the existing consumers. The rise in the number of memberships will encourage health club owners to equip their facilities with high-end machines, boosting fitness equipment market growth.

Major players in the market include Technogym S.p.A., Icon Health Fitness Inc., Johnson Health Tech, Fitness EM LLC., Amer Sports Corporation, Nautilus Inc., Torque Fitness, and True Fitness. Players are focusing on integrating advanced technologies into their

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fitness

North America fitness equipment market valuation to surpass USD 6 billion by 2026

Selbyville, Delaware, Nov. 18, 2020 (GLOBE NEWSWIRE) — According to industry experts, North America fitness equipment market size is projected to exceed USD 6 billion by the year 2026. Rising adoption of digitally connected gym equipment facilitated by the presence of an infrastructure well-equipped with the state-of-art technology is accelerating the industry growth in the region.

Proceeding further, the research literature sheds light on the industry segments including equipment type, end-use scope, and geographical bifurcation. It extends a detailed account of the leading industry players and evolving competitive landscape. In addition, the study hosts cases studies on the impact of Covid-19 and predicts its aftereffects for a stronger realization of the growth potential.

Moreover, rising focus among several companies towards providing a connected and immersive fitness experience by integrating digital technologies in machines, along with advancements in AI, cloud, and wearable technology is augmenting North America fitness equipment industry growth. For instance, Nautilus Inc., a US-based fitness equipment manufacturer, in October 2019, launched a digital platform JRNY that utilizes AI to offer customized workouts by automatically adjusting to the user behavior.  

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Besides, increasing discounts on membership subscription for ensuring long-term contracts with new customers as well as existing consumers is positively impacting the business outlook.

Covid-19 impact:

The implications of Covid-19 outbreak have rippled across all sectors; however, fitness industry has been severely affected by the pandemic. The temporary closure of all non-essential businesses, including gyms and health clubs, as mandated by the government in Q1 of 2020 has disrupted the supply-demand chain for fitness machines, thereby hindering North America fitness equipment market expansion.

On the bright side, relaxations in lockdown rules and slow reopening of gyms is likely to rejuvenate the industry in the near-future. Besides, with growing awareness regarding health and immunity during these uncertain times, the central factor for people is to maintain and boost their health at home, which is likely to propel the demand for fitness equipment.

Equipment type overview:

North America fitness equipment market from strength training segment is likely to gain considerable traction in the upcoming years. Strength training equipment aids in increasing bone density, ultimately reducing the risk of fractures. Moreover, it allays the fear of arthritis by ensuring flexibility of joints. These health benefits coupled with new product launches are boosting the segmental share.

End-use scope:

Corporates offices are slated to contribute significantly to North America fitness equipment industry remuneration with major organizations like Google, Microsoft, and Intel incorporating gyms in their infrastructure in an effort to raise employee productivity and ensure their wellbeing.

For the record, Retro Fitness, a health club franchise present in about 120 locations across the U.S., boast of a corporate sponsored wellness program that works with companies to integrate gyms in office premises. Such programs and initiatives between corporates and equipment providers will propel the segment growth in the upcoming years.

To access a sample copy or view this report in detail along with the table of contents,

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fitness

Global Fitness Equipment Market 2020 Industry Size, Share, Growth, Outlook, Segmentation, Comprehensive Analysis by 2026

The MarketWatch News Department was not involved in the creation of this content.

Nov 11, 2020 (CDN Newswire via Comtex) —
Global Fitness Equipment Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2026 offers end to end industry from the definition, product specifications, and demand till forecast prospects. The report studies the industry coverage, current market status, and market outlook and forecast by 2026. This is an all-inclusive document that comprises crucial information about top players, market trends, pricing analysis, and an overview of the market. The report states industry developmental factors, historical performance from 2015-2026. The segmental market view by types of products, applications, end-users, and top vendors is given. Then it covers market size estimation, share, growth rate, global position, and regional analysis of the market. The report also covers forecast estimations for investments in the global Fitness Equipment industry from 2020 to 2026.

Competitive Rivalry:

The section on company profiles studies the various companies operating in the global Fitness Equipment market. It evaluates the financial outlooks of these companies, their research and development statuses, and their expansion strategies for the coming years. This study emphasizes thorough competition analysis on market prospects, especially growth strategies that market experts claim. It examines the global market size (volume & value) from the company, essential regions/countries, products and applications, background information. Additional details that are represented in the report include the cost structures, manufacturing process methodology, import and export consumption, supply and demand patterns, gross margins, recent developments made in the business, revenue analysis, and gross margins.

DOWNLOAD FREE SAMPLE REPORT:https://www.marketsandresearch.biz/sample-request/49026

NOTE: Our report highlights the major issues and hazards that companies might come across due to the unprecedented outbreak of COVID-19.

Market competition by top manufacturers as follows: Amer Sports Corporation, Nautilus Inc, Brunswick Corporation, Johnson HealthTech Ltd, Paramount Fitness Corporation, Cybex International Inc, Impulse Health Tech Ltd Co, ICON Health & Fitness Ltd, Technogym SpA, Fitness EM LLC,

Based on product types, this report focuses on the status and outlook for product types, consumption (sales), market share, and growth rate for types, including: Cardiovascular Training Equipment, Strength Training Equipment, Other Equipment

Based on application, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share, and growth rate for each application, including: Home/Individual Usage, Health Clubs/Gyms, Other

Global Fitness Equipment market segment by regions, regional analysis covers: North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Colombia etc.), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Guide For Report Investment:

  • A complete synopsis of major market events and developments
  • An illustrative reference point determining market segmentation
  • Complete documentation of historical, current events as well as future predictions concerning market value and volume
  • A thorough, in-depth analytical review of the global Fitness Equipment market

ACCESS FULL REPORT:https://www.marketsandresearch.biz/report/49026/global-fitness-equipment-market-2020-by-manufacturers-regions-type-and-application-forecast-to-2026

The regional study of the global Fitness Equipment market included in the report

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fitness

Fitness Equipment Market Research Study including Growth Factors, Types and Application by regions from 2020 to 2025

The MarketWatch News Department was not involved in the creation of this content.

Nov 10, 2020 (Heraldkeepers) —
The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Fitness Equipment market share. Major industry players with significant revenue share include Johnson Health Tech, Nautilus Inc., Technogym S.p.A., Torque Fitness, True Fitness, Brunswick Corporation, Core Health & Fitness LLC, Fitness EM, LLC, HOIST Fitness Systems, Icon Health and Fitness, and others.

FYI, You will get latest updated report as per the COVID-19 Impact on this industry. Our updated reports will now feature detailed analysis that will help you make critical decisions.

Browse Full Report from Here: https://www.marketresearchengine.com/fitness-equipment-market-report

Market Research Engine has published a new report titled as “Fitness Equipment Market Size by Distribution Channel (Offline Store, Online Store), By Protective Equipment Type Barriers (Weight Training, Cardiovascular Training), By End Use (Health Clubs, Other Commercial Organizations, Individual), By Region (North America, Europe, Asia-Pacific, Rest of the World), Market Analysis Report, Forecast 2019-2026”.

Increase in obesity rates mainly in urban population across the world has occasioned in improved health and fitness awareness among consumers. To prevent like diseases, people are increasingly concentrating on their fitness and wellness, driving the fitness equipment market demand in residential and commercial applications. Medical concerns have an impact on the mortality rate. At the global level, a rise in the health issues of cholesterol, diabetes, and heart-related problems is being perceived. Keeping oneself physically fit can be measured as one of the best precautions to eradicate or avoid the risks of certain diseases. Fitness training centers have observed a spontaneous growth, owing to the number of health issues encountered in today’s world. The growth in the number of fitness centers across the world has created a rise in demand for fitness equipment and this demand is anticipated to produce in the coming years. Treadmills, stationary bicycles, weightlifting machines are some of the most common fitness equipment preferred by consumers for cardiovascular fitness and muscle building.

The global Fitness Equipment market is segregated on the basis of Distribution Channel as Offline Store and Online Store. Based on Protective Equipment Type Barriers the global Fitness Equipment market is segmented in Weight Training and Cardiovascular Training. Based on End Use the global Fitness Equipment market is segmented in Health Clubs, Other Commercial Organizations, and Individual

The global Fitness Equipment market report provides geographic analysis covering regions, such as North America, Europe, Asia-Pacific, and Rest of the World. The Fitness Equipment market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.

Competitive Rivalry

Johnson Health Tech, Nautilus Inc., Technogym S.p.A., Torque Fitness, True Fitness, Brunswick Corporation, Core Health & Fitness LLC, Fitness EM, LLC, HOIST Fitness Systems, Icon Health and Fitness, and others are among the major players in the global Fitness Equipment market. The companies are involved in several growth and expansion strategies to gain a competitive

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fitness

Fitness equipment is hard to find. Here are tricks for buying and selling

Kyle Bennett’s beat-up, 10-year-old Giant Faith mountain bike sat in his garage unused for months. The industrial designer from Santa Cruz paid $450 for it a year before and had thoroughly thrashed it. So he put it up for sale on Facebook Marketplace.



diagram: (Steven Banks / Los Angeles Times; Getty)


© Provided by The LA Times
(Steven Banks / Los Angeles Times; Getty)

In one hour, his post got 60 replies.

Perhaps even more surprising? His asking price was $600.

“The bike was gone in two hours,” he says. “A guy drove 100 miles and handed me cash, with no bargaining. But if I’d been patient, I easily could have gotten $1,000 for it. People were bidding. In the pandemic, people post bikes for outrageous prices — and are getting them.”

Today, with gyms mostly closed due to the pandemic, people are desperate to stay fit. But they can’t get new bikes and fitness equipment. Bike shops are all sold out. Buying new dumbbells and weight benches is practically impossible.

The solution: Go online and buy and sell used stuff.

There are lots of websites, from bicycle-specific sites like BikeExchange.com, BicyleBluebook.com and PinkBike.com to general sites like Facebook Marketplace, OfferUp.com, CraigsList.org and LetGo.com.

Cleaning out your garage has never been this lucrative.

You know that old beach cruiser with flat tires hanging in the rafters that you couldn’t dump for 50 bucks? Now hose it off, pump the tires, shine it up with Pledge and get $250 for it!

If you’ve got old dumbbells and weight plates lying around, you may be sitting on a gold mine. The going price of $1 a pound jumped to $3 a pound or more when the gyms closed, according to Anthony Duke, a PE teacher and football coach from Murrieta, who has become a weight equipment expert in the last three months while buying and selling on OfferUp.com.

“Done right, that old $10, 10-pound dumbbell will now get you $35,” he says. “Old weights I bought online for $50 I’ve sold for $500. Two 25-pound bumper plates — which have the rubberized coating that you can drop on the floor — got me $900. The trick is making it look as good as possible.”

Duke picks up discarded weights anywhere he can — other online sellers, the city dump, trash cans, in the dank corner of garages at estate sales. He paid 20 cents a pound for weights dumped by the Yorba Linda Fire Department. Then the refurbishing begins. He soaks them in vinegar, scrubs with a steel brush and S.O.S. pad to remove rust, spray-paints them black and uses a fat sharpie to paint the raised letters and numbers white. He’ll reupholster $150 weight benches and sell them for $500.

The same strategy works for bikes. Duke’s next-door neighbor Stephen Nelson, who was a non-cyclist in February, turned himself into an expert rider and mechanic during the pandemic, buying, rehabbing and selling a dozen mountain bikes and beach cruisers on OfferUp.com and LetGo.com.

“Used bikes are the new

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fitness

Nationwide Fitness Equipment Shortages Allow AD4M Fitness To Fill the Demand

The Wyoming-based brand is founded by husband and wife team Vincent and Monika Briatore

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If you’ve been in the market for home gym equipment you might have noticed “out of stock” signs posted across the websites of most major retailers.

Even a quick search through popular e-commerce marketplace juggernauts Amazon and Walmart yields few results. According to market research popular overseas manufacturers in places like China still have a six-month backlog. It’s not looking good for Christmas shoppers either, unless they’re willing to pay a high premium for used products auctioned on sites like Ebay.

This COVID-19 lockdown fueled shortage has allowed one company, Ad4m Fitness to establish itself in the competitive fitness equipment industry. Ad4m LLC, aka Ad4m Fitness, is a Wyoming-based brand founded by husband, and wife team Vincent and Monika Briatore.

In just a few short months their company has reach a staggering 1.2 million a month in US sales making it the fastest growing private fitness brand startup of 2020.

The couple had the foresight to see the implications of this shortage in early 2020, and established exclusive rights with a manufacturer to produce cast iron weights, and barbells.

The company employs a warehouse in San Jose, California with others being planned here in Amarillo TX, and New York. It’s good to know that American exceptionalism, and the entrepreneur spirit is alive, and well even during these trying times. There’s always opportunity for those bold enough to venture outside the beaten path.

Source Article

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fitness

9Round Fitness and Sunny Days Entertainment Partner to Debut New Line of Boxing Equipment in Walmart Stores Nationwide

Fitness equipment sales grow amid coronavirus pandemic

GREENVILLE, S.C., Nov. 2, 2020 /PRNewswire/ – The world’s largest kickboxing fitness franchise, 9Round Fitness is partnering with one of South Carolina’s fastest growing companies, Sunny Days Entertainment, to bring at home workouts to the next level with a new line of boxing equipment. Currently available at Walmart.com and over 600 Walmart locations nationwide, buyers can now kick, jab and cross in confidence with 9Round branded gloves, mitts, wraps and a reflex bag.

The rollout of 9Round Equipment comes at a time when fitness equipment purchases have skyrocketed since the onset of the coronavirus pandemic. According to a Yelp report, consumer interest in fitness and exercise equipment is up by 437 percent since March 10th.

“We’re thrilled to be able to partner with 9Round, bringing a quality product to consumers at a time when we know they are looking for it most,” says Rick Mershon, SVP of Sales and Marketing at Sunny Days Entertainment. “9Round Fitness has built an outstanding reputation nationwide not only as a fitness company but also as a brand, and that is very apparent through the initial consumer response to the products.”

Each item includes a pass for one free workout at a local 9Round studio of choice.

For more information visit www.9round.com.

About Sunny Days Entertainment

Established in 2012, Sunny Days Entertainment, LLC comprises a core group of toy industry veterans with the mission of solving issues for retailers while providing ultra-fun, value added products to consumers.

Sunny Days Ent. focus is to enhance the experience for consumers with affordable products. The Sunny Days line includes: Maxx Action Vehicles, Maxx Bubbles, Pop-n-Play Tents, Ravel Tales and more!

About 9Round

Founded in 2008 by professional kickboxer Shannon Hudson and his wife, Heather, 9Round is a specialized fitness center that brings kickboxing fitness training to the average person in a 30-minute, trainer-guided, full-body circuit format. The program is developed around a proprietary and copyrighted system of nine challenging workout stations created by Shannon himself. Since the workouts occur on a continuous circuit throughout the day, there are no scheduled class times. Members utilize 9ROUND PULSE, the brand’s wearable heart rate technology, to track effort, heart rate, calories burned and workout time during each 9Round session. Today, there are nearly 750 9Round locations open and operating throughout 41 states and in 19 countries including Canada, Costa Rica, Australia, Argentina, Guatemala, India, Japan, Jordan, Kuwait, Lebanon, Mexico, Ecuador, New Zealand, Saudi Arabia, Singapore, Spain, the United Arab Emirates, the United Kingdom and the United States. For more information, please visit www.9round.com.

SOURCE Sunny Days Entertainment, LLC

Source Article

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health

Veteran-Owned Healthcare Company Awarded Medical Equipment Government Contract Valued at $450 Million

Alliant Healthcare Products will provide the Department of Defense and other federal agencies with a customer-friendly source for innovative medical products via new PMCE contract

Grand Rapids, Michigan –News Direct– Alliant Healthcare Products

Alliant Enterprises (dba Alliant Healthcare Products) has been awarded a Patient Monitoring & Capital Equipment (PMCE) contract by the Defense Logistics Agency (DLA) valued at $450 million over 10 years. The contract includes medical products from many of Alliant’s high-profile OEM partners, including Olympus America Inc., Philips Healthcare, Skytron, LINET Americas, Belimed Inc., PROCEPT BioRobotics, Veran Medical Technologies, and many others. The PMCE contract is pre-established and pre-vetted by the government as a source for medical equipment and acts as one of the preferred purchasing platforms for the Department of Defense (DoD).

From robotic-assisted surgical devices to hospital beds and endoscopy equipment, this contract will help America’s service members gain access to more than 8,000 best-in-class medical devices and products over the next 10 years. When it comes to new and innovative technology, the lengthy and arduous procurement process has historically limited the ability of the US Department of Veterans Affairs (VA) and DoD to quickly and efficiently purchase critical products. This contract will remove some of the bureaucratic red tape and pave the way to a smoother procurement process for federal government customers, ensuring veterans and active duty military personnel have quicker access to new technologies and life-saving medical equipment.

“This PMCE contract solidifies Alliant’s position as one of the leading providers of medical equipment to the federal government. As a service-disabled veteran-owned small business, we strive to serve those who are actively working to protect our country,” said Eric Albery, President, Alliant Healthcare Products. “As a result of this contract, Alliant is able to provide federal government customers with access to some of the most advanced medical equipment on the market, through an efficient, net-centric ordering, distribution and payment system.”

“Olympus and Alliant have established a high-trust relationship based on mutual respect and alignment of goals to meet the unique equipment needs of the federal government,” said Steve Wendt, Vice President for Government and Distributor Relations, Olympus America Inc. “We are excited to work with Alliant to successfully implement this new agreement administered by the Department of Defense, which will bring additional visibility to Olympus’ innovative technologies and make them more accessible to our nation’s service men and women, and our country’s veterans.”

“There is no community more deserving, and we look forward to working with Alliant to understand how we can better serve the needs of veterans, active duty service men and women, as well as federal health facilities,” said Derek Farias, National Director Government Channel, Philips Healthcare.

The new PMCE contract is effective immediately for government customers, adding to Alliant’s arsenal of pre-established government contracts for medical products. Founded in 2002, Alliant Healthcare has become a trusted and respected staple within the federal government healthcare market, working closely with the DoD, VA, Indian Health Service, National Institute of Health and many

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health

Coverage, tests, equipment, and more

The FreeStyle Libre flash glucose monitoring system allows a person to measure their blood sugar level continually. Medicare will cover some costs of FreeStyle Libre under certain criteria.

An estimated 33% of Medicare enrollees had diabetes in 2016, according to the Kaiser Family Foundation.

This article discusses FreeStyle Libre and diabetes. It also looks at Medicare coverage, additional costs, and where to find Medicare-approved suppliers.

We may use a few terms in this piece that can be helpful to understand when selecting the best insurance plan:

  • Deductible: This is an annual amount that a person must spend out of pocket within a certain time period before an insurer starts to fund their treatments.
  • Coinsurance: This is a percentage of a treatment cost that a person will need to self-fund. For Medicare Part B, this comes to 20%.
  • Copayment: This is a fixed dollar amount that an insured person pays when receiving certain treatments. For Medicare, this usually applies to prescription drugs.

Diabetes is a medical condition that affects the body’s ability to use or make insulin. There are two main types: type 1 and type 2.

In people with type 1 diabetes, the body does not make sufficient insulin and needs external insulin administration.

Type 2 diabetes means that the body cannot effectively use insulin to manage blood sugar levels. As a result, a person may need insulin injections or medications to improve their body’s ability to use insulin.

Monitoring and maintaining blood sugar levels is vital to a person’s health when they have diabetes. Medicare covers a variety of diabetes medications, testing supplies, and diabetes-related medical visits to help a person manage this condition.

Learn more about diabetes here.

FreeStyle Libre is a continuous glucose monitoring (CGM) system that allows a person to check their blood sugar in real-time without having to prick their finger.

The system has two components: a glucose sensor that the person applies to the skin and a digital reader. A person can apply the sensor to the back of their upper arm and leave it in place for a maximum of 14 days.

The sensor monitors a person’s blood glucose by measuring glucose levels in the interstitial fluid, which is the fluid between the cells and the blood vessels. A person can hold the digital reader over the sensor to obtain a blood glucose reading.

What other CGMs or insulin pumps does Medicare cover?

Medicare also covers the Dexcom G5 CGM, which is another continuous glucose monitoring system.

The Dexcom G5 and FreeStyle Libre are different than insulin pumps, which can monitor and administer insulin. Medicare also covers some types of insulin pumps. A person can talk to their doctor about what monitoring approach may be best for them.

The federally funded health insurance program called Medicare includes:

  • Part A, which offers hospital insurance coverage
  • Part B, which provides coverage for medical insurance
  • Part C, also known as Medicare Advantage, which offers an alternative to original Medicare (Part A and Part B)
  • Part D,
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