Sale

Home Medical Equipment Market

Global Home Medical Equipment Market Size, Trends, Report, Forecast: By Functionality: Therapeutic Equipment, CPAP Machines, CPAP Accessories, Oxygen Concentrators, Home Liquid Oxygen Containers, Oxygen Cannula, Others; By Distribution Channel; By End User; Regional Analysis; Patent Analysis; Supplier Landscape; 2024-2032

Global Home Medical Equipment Market Outlook

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.

 

Global Home Medical Equipment Market

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

North America Accounts for a Considerable Share of the Market for Home Medical Equipmen

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: Market Segmentation

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.

 

Global Home Medical Equipment Market By Segment

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

The major functionalities of home medical equipment are:

  • Therapeutic Equipment 
  • CPAP Machines 
  • CPAP Accessories 
  • Oxygen Concentrators 
  • Home Liquid Oxygen Containers 
  • Oxygen Cannula 
  • Patient Monitoring Equipment 
  • Mobility Assist and Patient Support Equipment 
  • Others

Based on distribution channel, the market is divided into:

  • Hospital Pharmacies
  • Retail Medical Stores
  • Online Retailer

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.

 

Global Home Medical Equipment Market By Region

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

Increasing Prevalence of Chronic Illnesses Globally to Drive the Growth of the Home Medical Equipment Industry

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.

 

Key Industry Players in the Global Home Medical Equipment Market

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:

  • Abbott Laboratories
  • Baxter International Inc.
  • Becton, Dickinson and Company
  • Hill-Rom Holdings, Inc.
  • Invacare Corporation
  • Others

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.

 

Key Highlights of the Report

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:

  • Functionality
  • Distribution Channel
  • End User
  • Region
Breakup by Functionality
  • Therapeutic Equipment
  • CPAP Machines
  • CPAP Accessories
  • Oxygen Concentrators
  • Home Liquid Oxygen Containers
  • Oxygen Cannula
  • Patient Monitoring Equipment
  • Mobility Assist and Patient Support Equipment
  • Others
Breakup by Distribution Channel
  • Hospital Pharmacies
  • Retail Medical Pharmacies
  • Online Stores
Breakup by End User
  • Hospitals
  • Home Care Settings
  • Others
Breakup by Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
Market Dynamics
  • Market Drivers and Constraints
  • SWOT Analysis
  • Porter’s Five Forces Model 
  • Key Demand Indicators
  • Key Price Indicators
  • Industry Events, Initiatives, and Trends 
  • Value Chain Analysis
Supplier Landscape
  • Market Structure
  • Company Profiles
    • Financial Analysis
    • Product Portfolio
    • Demographic Reach and Achievements
    • Mergers and Acquisitions
    • Certifications
Companies Covered
  • Abbott Laboratories
  • Baxter International Inc.
  • Becton, Dickinson and Company
  • Hill-Rom Holdings, Inc.
  • Invacare Corporation
  • ARKRAY, Inc.
  • B. Braun Melsungen AG
  • ConvaTec Inc.
  • The Cooper Companies Inc.
  • Johnson & Johnson Services
  • GF HEALTH PRODUCTS, INC.
  • OMRON Corporation
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.

1    Preface
    1.1    Objectives of the Study
    1.2    Key Assumptions 
    1.3    Report Coverage – Key Segmentation and Scope  
    1.4    Research Methodology
2    Executive Summary
3    Global Home Medical Equipment Market Overview 

    3.1    Global Home Medical Equipment Market Historical Value (2017-2023) 
    3.2    Global Home Medical Equipment Market Forecast Value (2024-2032)
4    Global Home Medical Equipment Market Landscape
    4.1    Global Home Medical Equipment Developers Landscape
        4.1.1    Analysis by Year of Establishment
        4.1.2    Analysis by Company Size
        4.1.3    Analysis by Region
    4.2    Global Home Medical Equipment Product Landscape
        4.2.1    Analysis by Functionality
        4.2.2    Analysis by Distribution Channel
        4.2.3    Analysis by End User
5    Global Home Medical Equipment Market Dynamics
    5.1    Market Drivers and Constraints
    5.2    SWOT Analysis
    5.3    Porter’s Five Forces Model 
    5.4    Key Demand Indicators
    5.5    Key Price Indicators
    5.6    Industry Events, Initiatives, and Trends 
    5.7    Value Chain Analysis
6    Global Home Medical Equipment Market Segmentation 
    6.1    Global Home Medical Equipment Market by Functionality
        6.1.1    Market Overview
        6.1.2    Therapeutic Equipment
        6.1.3    CPAP Machines
        6.1.4    CPAP Accessories
        6.1.5    Oxygen Concentrators
        6.1.6    Home Liquid Oxygen Containers
        6.1.7    Oxygen Cannula
        6.1.8    Patient Monitoring Equipment
        6.1.9    Mobility Assist and Patient Support Equipment
        6.1.10    Others
    6.2    Global Home Medical Equipment Market by Distribution Channel
        6.2.1    Market Overview
        6.2.2    Hospital Pharmacies
        6.2.3    Retail Medical Pharmacies
        6.2.4    Online Stores
    6.3    Global Home Medical Equipment Market by End User
        6.3.1    Market Overview
        6.3.2    Hospitals
        6.3.3    Home Care Settings
        6.3.4    Others
    6.4    Global Home Medical Equipment Market by Region
        6.4.1    Market Overview
        6.4.2    North America 
        6.4.3    Europe
        6.4.4    Asia Pacific
        6.4.5    Latin America
        6.4.6    Middle East and Africa
7    North America Home Medical Equipment Market
    7.1    Market Share by Country
    7.2    United States of America
    7.3    Canada
8    Europe Home Medical Equipment Market
    8.1    Market Share by Country
    8.2    United Kingdom
    8.3    Germany
    8.4    France
    8.5    Italy
    8.6    Others
9    Asia Pacific Home Medical Equipment Market
    9.1    Market Share by Country
    9.2    China
    9.3    Japan
    9.4    India
    9.5    ASEAN
    9.6    Australia
    9.7    Others
10    Latin America Home Medical Equipment Market
    10.1    Market Share by Country
    10.2    Brazil
    10.3    Argentina
    10.4    Mexico
    10.5    Others
11    Middle East and Africa Home Medical Equipment Market
    11.1    Market Share by Country
    11.2    Saudi Arabia
    11.3    United Arab Emirates
    11.4    Nigeria
    11.5    South Africa
    11.6    Others
12    Patent Analysis
    12.1    Analysis by Type of Patent
    12.2    Analysis by Publication year
    12.3    Analysis by Issuing Authority
    12.4    Analysis by Patent Age
    12.5    Analysis by CPC Analysis
    12.6    Analysis by Patent Valuation 
    12.7    Analysis by Key Players
13    Grants Analysis
    13.1    Analysis by year
    13.2    Analysis by Amount Awarded
    13.3    Analysis by Issuing Authority
    13.4    Analysis by Grant Application
    13.5    Analysis by Funding Institute
    13.6    Analysis by NIH Departments
    13.7    Analysis by Recipient Organization 
14    Funding Analysis
    14.1    Analysis by Funding Instances
    14.2    Analysis by Type of Funding
    14.3    Analysis by Funding Amount
    14.4    Analysis by Leading Players
    14.5    Analysis by Leading Investors
    14.6    Analysis by Geography
15    Partnership and Collaborations Analysis
    15.1    Analysis by Partnership Instances
    15.2    Analysis by Type of Partnership
    15.3    Analysis by Leading Players
    15.4    Analysis by Geography
16    Regulatory Framework
    16.1    Regulatory Overview
        16.1.1    US FDA
        16.1.2    EU EMA
        16.1.3    INDIA CDSCO
        16.1.4    JAPAN PMDA
        16.1.5    Others
17    Supplier Landscape
    17.1    Abbott Laboratories
        17.1.1    Financial Analysis
        17.1.2    Product Portfolio
        17.1.3    Demographic Reach and Achievements
        17.1.4    Mergers and Acquisitions
        17.1.5    Certifications
    17.2    Baxter International Inc.
        17.2.1    Financial Analysis
        17.2.2    Product Portfolio
        17.2.3    Demographic Reach and Achievements
        17.2.4    Mergers and Acquisitions
        17.2.5    Certifications
    17.3    Becton, Dickinson and Company
        17.3.1    Financial Analysis
        17.3.2    Product Portfolio
        17.3.3    Demographic Reach and Achievements
        17.3.4    Mergers and Acquisitions
        17.3.5    Certifications
    17.4    Hill-Rom Holdings, Inc.
        17.4.1    Financial Analysis
        17.4.2    Product Portfolio
        17.4.3    Demographic Reach and Achievements
        17.4.4    Mergers and Acquisitions
        17.4.5    Certifications
    17.5    Invacare Corporation
        17.5.1    Financial Analysis
        17.5.2    Product Portfolio
        17.5.3    Demographic Reach and Achievements
        17.5.4    Mergers and Acquisitions
        17.5.5    Certifications
    17.6    ARKRAY, Inc.
        17.6.1    Financial Analysis
        17.6.2    Product Portfolio
        17.6.3    Demographic Reach and Achievements
        17.6.4    Mergers and Acquisitions
        17.6.5    Certifications
    17.7    B. Braun Melsungen AG
        17.7.1    Financial Analysis
        17.7.2    Product Portfolio
        17.7.3    Demographic Reach and Achievements
        17.7.4    Mergers and Acquisitions
        17.7.5    Certifications
    17.8    ConvaTec Inc.
        17.8.1    Financial Analysis
        17.8.2    Product Portfolio
        17.8.3    Demographic Reach and Achievements
        17.8.4    Mergers and Acquisitions
        17.8.5    Certifications
    17.9    The Cooper Companies Inc.
        17.9.1    Financial Analysis
        17.9.2    Product Portfolio
        17.9.3    Demographic Reach and Achievements
        17.9.4    Mergers and Acquisitions
        17.9.5    Certifications
    17.10    Johnson & Johnson Services
        17.10.1    Financial Analysis
        17.10.2    Product Portfolio
        17.10.3    Demographic Reach and Achievements
        17.10.4    Mergers and Acquisitions
        17.10.5    Certifications
    17.11    GF HEALTH PRODUCTS, INC.
        17.11.1    Financial Analysis
        17.11.2    Product Portfolio
        17.11.3    Demographic Reach and Achievements
        17.11.4    Mergers and Acquisitions
        17.11.5    Certifications
    17.12    OMRON Corporation
        17.12.1    Financial Analysis
        17.12.2    Product Portfolio
        17.12.3    Demographic Reach and Achievements
        17.12.4    Mergers and Acquisitions
        17.12.5    Certifications
18    Global Home Medical Equipment Market - Distribution Model (Additional Insight)
    18.1    Overview 
    18.2    Potential Distributors 
    18.3    Key Parameters for Distribution Partner Assessment 
19    Key Opinion Leaders (KOL) Insights (Additional Insight)
20    Company Competitiveness Analysis (Additional Insight)

    20.1    Very Small Companies
    20.2    Small Companies
    20.3    Mid-Sized Companies
    20.4    Large Companies
    20.5    Very Large Companies
21    Payment Methods (Additional Insight)
    21.1    Government Funded
    21.2    Private Insurance
    21.3    Out-of-Pocket

 

*Additional insights provided are customisable as per client requirements.

Key Questions Answered in the Report

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

Mini Report

$ 2969     $2699
  • Selected Sections, One User
  • Printing Not Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Single User License

$ 5499     $4999
  • All Sections, One User
  • One Print Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update
most popular

Five User License

$ 6599     $5999
  • All Sections, Five Users
  • Five Prints Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Corporate License

$ 7699     $6999
  • All Sections, Unlimited Users
  • Unlimited Prints Allowed
  • Email Delivery in PDF + Excel
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Any Question? Speak With An Analyst

Contact Analyst

View A Sample

Request Sample

Did You Miss Anything, Ask Now

Request Customisation
Why Expert Market Research?

Right People

We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.

Right Methodology

We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.

Right Price

We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.

Right Support

Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.

NEWSLETTER