Home Medical Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
The global home medical equipment market size reached US$ 37.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 53.7 Billion by 2028, exhibiting a growth rate (CAGR) of 6.4% during 2023-2028.
Home medical equipment are medical devices used in a home care setting. They comprise oxygen concentrators, reservoirs, high-pressure cylinders, oxygen accessories and supplies, oxygen conserving devices, home invasive mechanical ventilators, continuous positive airway pressure (CPAP) devices, respiratory assist devices (RAD), intermittent positive pressure breathing (IPPB) devices, and nebulizers. They help monitor the health of patients regularly and provide an accurate report to the caregiver. Apart from this, they increase the safety of the patient while offering enhanced home healthcare.
Home Medical Equipment Market Trends:
The growing prevalence of chronic diseases, such as cancer, stroke, arthritis, diabetes, influenza, pneumonia, septicemia, and kidney, heart, respiratory and Alzheimer's disease, represents one of the key factors driving the market. Besides this, there is a rise in the demand for oxygen-related products in home medical equipment due to the increase in the incidence of chronic obstructive pulmonary disease (COPD) across the globe. This, along with the growing trend of homecare facilities, is positively influencing the market. In addition, the increasing utilization of innovative home medical equipment, such as needle-free diabetic care, medication administration equipment, medical beds, and lift chairs, is contributing to the growth of the market. Moreover, the rising geriatric population around the world, coupled with the burgeoning healthcare industry, is propelling the growth of the market. Additionally, the growing awareness among the masses about the benefits of home medical equipment is offering a positive market outlook. Apart from this, key market players are extensively investing in research and development (R&D) activities to integrate advanced technologies in home medical equipment, such as wearable devices, telehealth, and mobile health software, which is expected to bolster the growth of the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global home medical equipment market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on equipment type and distribution channel.
Breakup by Equipment Type:
Therapeutic Equipment
Respiratory Therapy Equipment
Dialysis Equipment
Intravenous Equipment
Others
Patient Monitoring Equipment
Conventional Monitors
Telemedicine Patient Monitoring Equipment
Mobility Assist and Patient Support Equipment
Mobility Assist Equipment
Medical Furniture
Bathroom Safety Equipment
Breakup by Distribution Channel:
Retail Medical Stores
Online Retailers
Hospital Pharmacies
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Abbott Laboratories, Arkray Inc., B. Braun Melsungen AG, Baxter International Inc., Caire Inc. (NGK Spark Plug Co. Ltd.), Inogen Inc., Invacare Corporation, Koninklijke Philips N.V., Medline Industries LP, Medtronic plc, OMRON Healthcare Inc. (Omron Corporation) and Resmed Inc.
Key Questions Answered in This Report
1. What was the size of the global home medical equipment market in 2022?
2. What is the expected growth rate of the global home medical equipment market during 2023-2028?
3. What are the key factors driving the global home medical equipment market?
4. What has been the impact of COVID-19 on the global home medical equipment market?
5. What is the breakup of the global home medical equipment market based on the equipment type?
6. What is the breakup of the global home medical equipment market based on the distribution channel?
7. What are the key regions in the global home medical equipment market?
8. Who are the key players/companies in the global home medical equipment market?"
- 1 Preface
- 2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
- 3 Executive Summary
- 4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
- 5 Global Home Medical Equipment Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
- 6 Market Breakup by Equipment Type
- 6.1 Therapeutic Equipment
- 6.1.1 Market Trends
- 6.1.2 Key Segments
- 6.1.2.1 Respiratory Therapy Equipment
- 6.1.2.2 Dialysis Equipment
- 6.1.2.3 Intravenous Equipment
- 6.1.2.4 Others
- 6.1.3 Market Forecast
- 6.2 Patient Monitoring Equipment
- 6.2.1 Market Trends
- 6.2.2 Key Segments
- 6.2.2.1 Conventional Monitors
- 6.2.2.2 Telemedicine Patient Monitoring Equipment
- 6.2.3 Market Forecast
- 6.3 Mobility Assist and Patient Support Equipment
- 6.3.1 Market Trends
- 6.3.2 Key Segments
- 6.3.2.1 Mobility Assist Equipment
- 6.3.2.2 Medical Furniture
- 6.3.2.3 Bathroom Safety Equipment
- 6.3.3 Market Forecast
- 7 Market Breakup by Distribution Channel
- 7.1 Retail Medical Stores
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Online Retailers
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Hospital Pharmacies
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 8 Market Breakup by Region
- 8.1 North America
- 8.1.1 United States
- 8.1.1.1 Market Trends
- 8.1.1.2 Market Forecast
- 8.1.2 Canada
- 8.1.2.1 Market Trends
- 8.1.2.2 Market Forecast
- 8.2 Asia-Pacific
- 8.2.1 China
- 8.2.1.1 Market Trends
- 8.2.1.2 Market Forecast
- 8.2.2 Japan
- 8.2.2.1 Market Trends
- 8.2.2.2 Market Forecast
- 8.2.3 India
- 8.2.3.1 Market Trends
- 8.2.3.2 Market Forecast
- 8.2.4 South Korea
- 8.2.4.1 Market Trends
- 8.2.4.2 Market Forecast
- 8.2.5 Australia
- 8.2.5.1 Market Trends
- 8.2.5.2 Market Forecast
- 8.2.6 Indonesia
- 8.2.6.1 Market Trends
- 8.2.6.2 Market Forecast
- 8.2.7 Others
- 8.2.7.1 Market Trends
- 8.2.7.2 Market Forecast
- 8.3 Europe
- 8.3.1 Germany
- 8.3.1.1 Market Trends
- 8.3.1.2 Market Forecast
- 8.3.2 France
- 8.3.2.1 Market Trends
- 8.3.2.2 Market Forecast
- 8.3.3 United Kingdom
- 8.3.3.1 Market Trends
- 8.3.3.2 Market Forecast
- 8.3.4 Italy
- 8.3.4.1 Market Trends
- 8.3.4.2 Market Forecast
- 8.3.5 Spain
- 8.3.5.1 Market Trends
- 8.3.5.2 Market Forecast
- 8.3.6 Russia
- 8.3.6.1 Market Trends
- 8.3.6.2 Market Forecast
- 8.3.7 Others
- 8.3.7.1 Market Trends
- 8.3.7.2 Market Forecast
- 8.4 Latin America
- 8.4.1 Brazil
- 8.4.1.1 Market Trends
- 8.4.1.2 Market Forecast
- 8.4.2 Mexico
- 8.4.2.1 Market Trends
- 8.4.2.2 Market Forecast
- 8.4.3 Others
- 8.4.3.1 Market Trends
- 8.4.3.2 Market Forecast
- 8.5 Middle East and Africa
- 8.5.1 Market Trends
- 8.5.2 Market Breakup by Country
- 8.5.3 Market Forecast
- 9 SWOT Analysis
- 9.1 Overview
- 9.2 Strengths
- 9.3 Weaknesses
- 9.4 Opportunities
- 9.5 Threats
- 10 Value Chain Analysis
- 11 Porters Five Forces Analysis
- 11.1 Overview
- 11.2 Bargaining Power of Buyers
- 11.3 Bargaining Power of Suppliers
- 11.4 Degree of Competition
- 11.5 Threat of New Entrants
- 11.6 Threat of Substitutes
- 12 Price Analysis
- 13 Competitive Landscape
- 13.1 Market Structure
- 13.2 Key Players
- 13.3 Profiles of Key Players
- 13.3.1 Abbott Laboratories
- 13.3.1.1 Company Overview
- 13.3.1.2 Product Portfolio
- 13.3.1.3 Financials
- 13.3.1.4 SWOT Analysis
- 13.3.2 Arkray Inc.
- 13.3.2.1 Company Overview
- 13.3.2.2 Product Portfolio
- 13.3.3 B. Braun Melsungen AG
- 13.3.3.1 Company Overview
- 13.3.3.2 Product Portfolio
- 13.3.3.3 SWOT Analysis
- 13.3.4 Baxter International Inc.
- 13.3.4.1 Company Overview
- 13.3.4.2 Product Portfolio
- 13.3.4.3 Financials
- 13.3.4.4 SWOT Analysis
- 13.3.5 Caire Inc. (NGK Spark Plug Co. Ltd.)
- 13.3.5.1 Company Overview
- 13.3.5.2 Product Portfolio
- 13.3.6 Inogen Inc.
- 13.3.6.1 Company Overview
- 13.3.6.2 Product Portfolio
- 13.3.6.3 Financials
- 13.3.7 Invacare Corporation
- 13.3.7.1 Company Overview
- 13.3.7.2 Product Portfolio
- 13.3.7.3 Financials
- 13.3.7.4 SWOT Analysis
- 13.3.8 Koninklijke Philips N.V.
- 13.3.8.1 Company Overview
- 13.3.8.2 Product Portfolio
- 13.3.8.3 Financials
- 13.3.8.4 SWOT Analysis
- 13.3.9 Medline Industries LP
- 13.3.9.1 Company Overview
- 13.3.9.2 Product Portfolio
- 13.3.9.3 SWOT Analysis
- 13.3.10 Medtronic plc
- 13.3.10.1 Company Overview
- 13.3.10.2 Product Portfolio
- 13.3.10.3 Financials
- 13.3.10.4 SWOT Analysis
- 13.3.11 OMRON Healthcare Inc. (Omron Corporation)
- 13.3.11.1 Company Overview
- 13.3.11.2 Product Portfolio
- 13.3.11.3 SWOT Analysis
- 13.3.12 Resmed Inc.
- 13.3.12.1 Company Overview
- 13.3.12.2 Product Portfolio
- 13.3.12.3 Financials
- 13.3.12.4 SWOT Analysis
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