Global home medical equipment market is projected to reach USD 53.14 billion by 2028, at a CAGR of 6.16% from 2021 to 2028. This is because of the growing geriatric population and technological advancements in the healthcare field. Growing healthcare expenses and increasing incidences of chronic diseases often fuel the market. In addition, the need for affordable treatment choices in healthcare is also projected to fuel global home medical equipment market growth over the forecast timeframe.
Home medical equipment is a type of devices used by patients whose treatment is handled by a non-professional caregiver or family member from a home or another private facility. This is often referred to as "durable" medical equipment (DME), since it is built to survive repeated usage by non-professionals or the patient, and is suitable for home-usage. It is any device that provides an individual therapeutic advantages owing to some medical problems and/or illness. These devices provide patients within their home with a secure, convenient, cost-efficient and suitable environment. Numerous equipment, such as infusion pumps, wheelchairs, apnea monitors, glucose meters, and cannula are used for home patient care. Glucose meters or glucometers, for example, are regularly used in the household to measure blood glucose levels for diabetes. This equipment mainly include therapeutic equipment, patient monitoring equipment and mobility assist & patient support equipment. Therapeutic equipment mainly includes home respiratory therapy equipment, home dialysis equipment, home IV equipment, and other home therapeutic equipment. Patient monitoring equipment mainly consist of blood glucose monitors, holter monitors, blood pressure monitors, peak flow meters, heart rate monitors, apnea monitors, baby monitors, coagulation monitors and electronic thermometers. Mobility assist & patient support equipment mainly includes wheelchairs, walking assist devices, mobility scooters, medical furniture, and bathroom safety equipment.
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Huge rise in the prevalence of chronic diseases has spurred home healthcare practices. Individuals suffering from chronic illnesses such as diabetes and hypertension are searching for cost-effective medical treatment that will not affect quality of safety and care. Home medical equipment approved by regulatory authorities gain broad adoption in terms of convenience and cost factor. Thus, driving the growth of the global home medical equipment market.
Limited expertise for home consumers and problems related to the usage of medical equipment may hinder the growth of the global home medical equipment market.
A key factor providing opportunity to the market is technical developments in home medical equipment. Because of technical advancements combined with technological knowledge among individuals, usage of home medical equipment is increasingly pacing. Adoption of expensive technological home medical equipment requires one-time savings to cover losses incurred as a consequence of frequent hospital visits. These factors will provide huge opportunity to the market.
The global home medical equipment market has been segmented based on functionality, distribution channel and regions.
The regions evaluated for the home medical equipment market include Europe, North America, Middle East and Africa, South America and Asia Pacific. The North America region emerged as the largest market for the home medical equipment, with a 37.4% share of market revenue in 2020.
North America Home Medical Equipment Market Share in 2020- 37.4%
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Smiths Medical, a major manufacturer of medical devices has collaborated with Medline Industries to distribute the Portexacapella positive expiratory pressure therapy device. The distribution partnership would aim to provide better access for patients within home care settings to Smiths Medical’s proprietary acapella devices.
As per The Brainy Insights, the size of the home medical equipment market was valued at USD 31.78 billion in 2020 and is anticipated to reach USD 53.14 billion by 2028.
Global home medical equipment market is growing at a CAGR of 6.16% during the forecast period 2021-2028.
The global home medical equipment market has been segmented based on functionality, distribution channel and regions. The therapeutic equipment segment held the largest market share in 2020.
The North America region emerged as the largest market for the home medical equipment.
Increase in prevalence of chronic diseases is the key driving factor for the home medical equipment market.
Limited expertise could hamper the market growth.
Technological advancements will provide huge opportunities to the market.
Key players are Abbott, B. Braun Melsungen AG, Baxter, Hill-Rom Holdings Incorporated, Medline Industry Inc., Philips Healthcare, ResMed
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis By Functionality
4.3.2. Market Attractiveness Analysis By Distribution Channel
4.3.3. Market Attractiveness Analysis By Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. Increase in Prevalence of Chronic Diseases
5.3. Restrains
5.3.1. Limited Expertise
5.4. Opportunities
5.4.1. Technological Advancements
6. Global Home Medical Equipment Market Analysis and Forecast, By Functionality
6.1. Segment Overview
6.2. Therapeutic Equipment
6.3. Patient Monitoring Equipment
6.4. Mobility Assist & Patient Support Equipment
7. Global Home Medical Equipment Market Analysis and Forecast, By Distribution Channel
7.1. Segment Overview
7.2. Online Stores
7.3. Retail Outlets
8. Global Home Medical Equipment Market Analysis and Forecast, By Regional Analysis
8.1. Segment Overview
8.2. North America
8.2.1. U.S.
8.2.2. Canada
8.2.3. Mexico
8.3. Europe
8.3.1. Germany
8.3.2. France
8.3.3. U.K.
8.3.4. Italy
8.3.5. Spain
8.4. Asia-Pacific
8.4.1. Japan
8.4.2. China
8.4.3. India
8.5. South America
8.5.1. Brazil
8.6. Middle East and Africa
8.6.1. UAE
8.6.2. South Africa
9. Global Home Medical Equipment Market-Competitive Landscape
9.1. Overview
9.2. Market Share of Key Players in Global Home Medical Equipment Market
9.2.1. Global Company Market Share
9.2.2. North America Company Market Share
9.2.3. Europe Company Market Share
9.2.4. APAC Company Market Share
9.3. Competitive Situations and Trends
9.3.1. Product Launches and Developments
9.3.2. Partnerships, Collaborations, and Agreements
9.3.3. Mergers & Acquisitions
9.3.4. Expansions
10. Company Profiles
10.1. Abbott
10.1.1. Business Overview
10.1.2. Company Snapshot
10.1.3. Company Market Share Analysis
10.1.4. Company Product Portfolio
10.1.5. Recent Developments
10.1.6. SWOT Analysis
10.2. B. Braun Melsungen AG
10.2.1. Business Overview
10.2.2. Company Snapshot
10.2.3. Company Market Share Analysis
10.2.4. Company Product Portfolio
10.2.5. Recent Developments
10.2.6. SWOT Analysis
10.3. Baxter
10.3.1. Business Overview
10.3.2. Company Snapshot
10.3.3. Company Market Share Analysis
10.3.4. Company Product Portfolio
10.3.5. Recent Developments
10.3.6. SWOT Analysis
10.4. Hill-Rom Holdings Incorporated
10.4.1. Business Overview
10.4.2. Company Snapshot
10.4.3. Company Market Share Analysis
10.4.4. Company Product Portfolio
10.4.5. Recent Developments
10.4.6. SWOT Analysis
10.5. Medline Industry Inc.
10.5.1. Business Overview
10.5.2. Company Snapshot
10.5.3. Company Market Share Analysis
10.5.4. Company Product Portfolio
10.5.5. Recent Developments
10.5.6. SWOT Analysis
10.6. ResMed
10.6.1. Business Overview
10.6.2. Company Snapshot
10.6.3. Company Market Share Analysis
10.6.4. Company Product Portfolio
10.6.5. Recent Developments
10.6.6. SWOT Analysis
10.7. Philips Healthcare
10.7.1. Business Overview
10.7.2. Company Snapshot
10.7.3. Company Market Share Analysis
10.7.4. Company Product Portfolio
10.7.5. Recent Developments
10.7.6. SWOT Analysis
10.8. Stryker
10.8.1. Business Overview
10.8.2. Company Snapshot
10.8.3. Company Market Share Analysis
10.8.4. Company Product Portfolio
10.8.5. Recent Developments
10.8.6. SWOT Analysis
10.9. Sunrise Medical LLA.
10.9.1. Business Overview
10.9.2. Company Snapshot
10.9.3. Company Market Share Analysis
10.9.4. Company Product Portfolio
10.9.5. Recent Developments
10.9.6. SWOT Analysis
List of Table
1. Global Home Medical Equipment Market, By Functionality, 2018–2028 (USD Billion)
2. Global Therapeutic Equipment, Home Medical Equipment Market, By Region, 2018–2028 (USD Billion)
3. Global Patient Monitoring Equipment, Home Medical Equipment Market, By Region, 2018–2028 (USD Billion)
4. Global Mobility Assist & Patient Support Equipment, Home Medical Equipment Market, By Region, 2018–2028 (USD Billion)
5. Global Home Medical Equipment Market, By Distribution Channel, 2018–2028 (USD Billion)
6. Global Online Stores Home Medical Equipment Market, By Region, 2018–2028 (USD Billion)
7. Global Retail Outlets Home Medical Equipment Market, By Region, 2018–2028 (USD Billion)
8. Global Home Medical Equipment Market, By Region, 2018–2028 (USD Billion)
9. Global Home Medical Equipment Market, By North America, 2018–2028 (USD Billion)
10. North America Home Medical Equipment Market, By Functionality, 2018–2028 (USD Billion)
11. North America Home Medical Equipment Market, By Distribution Channel, 2018–2028 (USD Billion)
12. U.S. Home Medical Equipment Market, By Functionality, 2018–2028 (USD Billion)
13. U.S. Home Medical Equipment Market, By Distribution Channel, 2018–2028 (USD Billion)
14. Canada Home Medical Equipment Market, By Functionality, 2018–2028 (USD Billion)
15. Canada Home Medical Equipment Market, By Distribution Channel, 2018–2028 (USD Billion)
16. Mexico Home Medical Equipment Market, By Functionality, 2018–2028 (USD Billion)
17. Mexico Home Medical Equipment Market, By Distribution Channel, 2018–2028 (USD Billion)
18. Europe Home Medical Equipment Market, By Functionality, 2018–2028 (USD Billion)
19. Europe Home Medical Equipment Market, By Distribution Channel, 2018–2028 (USD Billion)
20. Germany Home Medical Equipment Market, By Functionality, 2018–2028 (USD Billion)
21. Germany Home Medical Equipment Market, By Distribution Channel, 2018–2028 (USD Billion)
22. France Home Medical Equipment Market, By Functionality, 2018–2028 (USD Billion)
23. France Home Medical Equipment Market, By Distribution Channel, 2018–2028 (USD Billion)
24. U.K. Home Medical Equipment Market, By Functionality, 2018–2028 (USD Billion)
25. U.K. Home Medical Equipment Market, By Distribution Channel, 2018–2028 (USD Billion)
26. Italy Home Medical Equipment Market, By Functionality, 2018–2028 (USD Billion)
27. Italy Home Medical Equipment Market, By Distribution Channel, 2018–2028 (USD Billion)
28. Spain Home Medical Equipment Market, By Functionality, 2018–2028 (USD Billion)
29. Spain Home Medical Equipment Market, By Distribution Channel, 2018–2028 (USD Billion)
30. Asia Pacific Home Medical Equipment Market, By Functionality, 2018–2028 (USD Billion)
31. Asia Pacific Home Medical Equipment Market, By Distribution Channel, 2018–2028 (USD Billion)
32. Japan Home Medical Equipment Market, By Functionality, 2018–2028 (USD Billion)
33. Japan Home Medical Equipment Market, By Distribution Channel, 2018–2028 (USD Billion)
34. China Home Medical Equipment Market, By Functionality, 2018–2028 (USD Billion)
35. China Home Medical Equipment Market, By Distribution Channel, 2018–2028 (USD Billion)
36. India Home Medical Equipment Market, By Functionality, 2018–2028 (USD Billion)
37. India Home Medical Equipment Market, By Distribution Channel, 2018–2028 (USD Billion)
38. South America Home Medical Equipment Market, By Functionality, 2018–2028 (USD Billion)
39. South America Home Medical Equipment Market, By Distribution Channel, 2018–2028 (USD Billion)
40. Brazil Home Medical Equipment Market, By Functionality, 2018–2028 (USD Billion)
41. Brazil Home Medical Equipment Market, By Distribution Channel, 2018–2028 (USD Billion)
42. Middle East and Africa Home Medical Equipment Market, By Functionality, 2018–2028 (USD Billion)
43. Middle East and Africa Home Medical Equipment Market, By Distribution Channel, 2018–2028 (USD Billion)
44. UAE Home Medical Equipment Market, By Functionality, 2018–2028 (USD Billion)
45. UAE Home Medical Equipment Market, By Distribution Channel, 2018–2028 (USD Billion)
46. South Africa Home Medical Equipment Market, By Functionality, 2018–2028 (USD Billion)
47. South Africa Home Medical Equipment Market, By Distribution Channel, 2018–2028 (USD Billion)
List of Figures
1. Global Home Medical Equipment Market Segmentation
2. Home Medical Equipment Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Home Medical Equipment Market Attractiveness Analysis By Functionality
9. Global Home Medical Equipment Market Attractiveness Analysis By Distribution Channel
10. Global Home Medical Equipment Market Attractiveness Analysis By Region
11. Global Home Medical Equipment Market: Dynamics
12. Global Home Medical Equipment Market Share By Functionality(2021 &2028)
13. Global Home Medical Equipment Market Share By Distribution Channel (2021 &2028)
14. Global Home Medical Equipment Market Share by Regions (2021 &2028)
15. Global Home Medical Equipment Market Share by Company (2020)
This study forecasts revenue growth at global, regional, and country levels from 2018 to 2028. The Brainy Insights has segmented the global home medical equipment market on the basis of below mentioned segments:
Global Home Medical Equipment Market by Functionality:
Global Home Medical Equipment Market by Distribution Channel:
Global Home Medical Equipment Market by Region:
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