Meticulous Research®, a leading global market research firm, has released an in-depth report titled "Home Medical Equipment Market by Product (Therapeutic [CPAP, Nebulizer, Ventilator, Dialysis, IV Equipment], Monitoring [Cardiac, Glucose, Temperature, Apnea], Mobility Assist [Walker, Wheelchair, Scooter]) Distribution Channel - Global Forecast to 2030."
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According to Meticulous Research®, the home medical equipment market is projected to grow to $62.89 billion by 2030, with a CAGR of 6.8% from 2023 to 2030. This growth is driven by factors such as the rising prevalence of chronic diseases, an aging population, technological advancements in home medical equipment, increased healthcare spending, and the adoption of self-health management practices. Additionally, emerging economies offer substantial growth opportunities, though challenges like high equipment costs and lack of reimbursement may hinder market expansion.
Key Players
The report offers a detailed analysis of key players in the home medical equipment market, including:
• Abbott Laboratories (U.S.)
• Amedisys, Inc (U.S.)
• Baxter Healthcare (U.S.)
• Convatec (U.K.)
• Fisher & Paykel Healthcare (New Zealand)
• Fresenius Medical Care AG & Co. KGaA (Germany)
• Becton, Dickinson and Company (U.S.)
• GE HealthCare (U.S.)
• Invacare Corporation (U.S.)
• Medtronic (Ireland)
• Hill-Rom Holdings, Inc. (U.S.)
• Smith & Nephew plc (U.K.)
• Inogen, Inc. (U.S.)
Market Segmentation
The home medical equipment market is segmented by product, distribution channel, and geography.
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Therapeutic Equipment: This category includes:
• Home Respiratory Therapeutics (CPAP machines, accessories)
• Oxygen Delivery Equipment (Oxygen Concentrators, Nasal Cannulas, Nebulizers, Ventilators, Humidifiers)
• Home IV Equipment (IV Pumps, Administration sets, Accessories)
• Home Dialysis Equipment (Peritoneal Dialysis, Hemodialysis Products)
• Patient Monitoring Equipment (Cardiac, Blood Glucose, Temperature, Apnea Monitoring)
Mobility Assist & Patient Support Equipment: This category covers:
• Wheelchairs (Manual and Powered)
• Walking Assist Devices (Walkers, Rollators, Canes, Crutches)
• Bathroom Safety Equipment
• Mobility Scooters
• Medical Furniture & Accessories
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About Meticulous Research®
Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
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