Base Year
Historical Year
Forecast Year
The global home medical equipment market value was USD 38.87 billion in 2023, driven by the growing prevalence of chronic diseases across the globe. The market size is anticipated to grow at a CAGR of 6.2% during the forecast period of 2024-2032 to achieve a value of USD 66.79 billion by 2032.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
North America represents a significant share of the home medical equipment industry. This can be attributed to the surge in chronic diseases such as asthma, diabetes, and high blood pressure, among others. The growing trend of home healthcare in the region owing to high healthcare expenditure and increasing disposable incomes is also surging the demand for home medical equipment. With the increasing geriatric population with various health issues in the region, the demand for patient monitoring equipment is witnessing robust growth. Moreover, various insurance companies are increasingly offering favourable insurance policies for home healthcare, which is fuelling the growth of the home medical equipment industry.
The increasing research activities to develop innovative home medical equipment is estimated to bolster the market growth. Meanwhile, the Asia Pacific is expected to grow in the forecast period owing to the increasing disposable income and the rising awareness about the benefits of homecare medical devices. The rising popularity of home healthcare in the region, in the wake of the coronavirus outbreak, is surging the demand for home medical equipment, which is estimated to significantly contribute to the growth of the market in the forecast period.
Home medical equipment refers to medical devices that are used at home to enhance the quality of life of patients. The devices offer safe, convenient, and cost-effective monitoring, diagnostics, and assistance to patients at home. They are typically used for patients who are cared by nonprofessional caregivers or family members from homes or other private facilities.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
The major functionalities of home medical equipment are:
Based on distribution channel, the market is divided into:
The EMR report looks into the regional markets of home medical equipment like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
The rising incidences of chronic diseases and rising geriatric population are driving the growth of home medical equipment industry. With the growing prevalence of diseases such as cardiovascular disorders, diabetes, sleep disorders, among others, the demand for patient monitoring equipment for routine checkup is significantly surging, hence bolstering the market growth. The safety, convenience, and cost-effectiveness of home medical equipment makes it ideal for home usage, hence invigorating the market growth. Technological advancements are leading to the development of home care medical equipment with smaller size, portability, ease of usage, and enhanced accessibility, which is providing further impetus to the market growth.
The advent of new technologies like needle-free diabetic care, medication administration equipment, and durable medical equipment, such as lift chairs and medical beds, are estimated to propel the growth of the home medical equipment industry. As home medical equipment aids in enhancing the cost-effectiveness of clinical testing procedures and continuous monitoring due to the rising healthcare costs, the market for home medical equipment is expected to propel the growth in the forecast period.
The report presents a detailed analysis of the following key players in the global home medical equipment market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2017-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Functionality |
|
| Breakup by Distribution Channel |
|
| Breakup by End User |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Supplier Landscape |
|
| Companies Covered |
|
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
Get in touch with us for a customized solution tailored to your unique requirements and save upto 35%!
The home medical equipment market was valued at USD 38.87 billion in 2023.
The market is expected to grow at a CAGR of 6.2% from 2024 to 2032 to reach a value of USD 66.79 billion by 2032.
The increasing incidences of chronic diseases, the rising geriatric population, and the increasing research activities for the development of home medical equipment are driving the growth of home medical equipment industry.
The market is predicted to be fuelled by the growing demand for patient monitoring equipment, the advent of new technologies, and the rising healthcare costs.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Therapeutic equipment, CPAP machines. CPAP accessories, oxygen concentrators, home liquid oxygen containers, oxygen cannula, patient monitoring equipment, and mobility assist and patient support equipment, among others, are the major functionalities of home medical equipment in the industry.
The significant distribution channels in the market are hospital pharmacies, retail medical stores, and online retailers.
The major players in the industry are Abbott Laboratories, Baxter International Inc., Becton, Dickinson and Company, Hill-Rom Holdings, Inc., and Invacare Corporation, among others.
Purchase Full Report
Datasheet
Single User License
One User
Five User License
Five Users
Corporate License
Unlimited Users
How To Order
Our step-by-step guide will help you select, purchase, and access your reports swiftly, ensuring you get the information that drives your decisions, right when you need it.
Select License Type
Choose the right license for your needs and access rights.
Click on ‘Buy Now’
Add the report to your cart with one click and proceed to register.
Select Mode of Payment
Choose a payment option for a secure checkout. You will be redirected accordingly.
Gain insights to stay ahead and seize opportunities.
Get insights & trends for a competitive edge.
Track prices with detailed trend reports.
Analyse trade data for supply chain insights.
Leverage cost reports for smart savings
Enhance supply chain with partnerships.
Connect For More Information
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.
Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.
We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City,1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
Share