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Home Medical Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global home medical equipment market size reached US$ 35.5 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 52.23 Billion by 2027, exhibiting a growth rate (CAGR) of 6.40% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

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 2022-2027. 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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Equipment Type, Distribution Channel, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global home medical equipment market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global home medical equipment market?
  • What are the key regional markets?
  • What is the breakup of the market based on the equipment type?
  • What is the breakup of the market based on the distribution channel?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global home medical equipment market and who are the key players?
  • What is the degree of competition in the industry?

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

List of Figures

Figure 1: Global: Home Medical Equipment Market: Major Drivers and Challenges
Figure 2: Global: Home Medical Equipment Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Home Medical Equipment Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Home Medical Equipment Market: Breakup by Equipment Type (in %), 2021
Figure 5: Global: Home Medical Equipment Market: Breakup by Distribution Channel (in %), 2021
Figure 6: Global: Home Medical Equipment Market: Breakup by Region (in %), 2021
Figure 7: Global: Home Medical Equipment (Therapeutic Equipment) Market: Sales Value (in Million US$), 2016 & 2021
Figure 8: Global: Home Medical Equipment (Therapeutic Equipment) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 9: Global: Home Medical Equipment (Patient Monitoring Equipment) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Home Medical Equipment (Patient Monitoring Equipment) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Home Medical Equipment (Mobility Assist and Patient Support Equipment) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Home Medical Equipment (Mobility Assist and Patient Support Equipment) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Home Medical Equipment (Retail Medical Stores) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Home Medical Equipment (Retail Medical Stores) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Home Medical Equipment (Online Retailers) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Home Medical Equipment (Online Retailers) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Home Medical Equipment (Hospital Pharmacies) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Home Medical Equipment (Hospital Pharmacies) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: North America: Home Medical Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: North America: Home Medical Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: United States: Home Medical Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: United States: Home Medical Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Canada: Home Medical Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Canada: Home Medical Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Asia-Pacific: Home Medical Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Asia-Pacific: Home Medical Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: China: Home Medical Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: China: Home Medical Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Japan: Home Medical Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Japan: Home Medical Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: India: Home Medical Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: India: Home Medical Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: South Korea: Home Medical Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: South Korea: Home Medical Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Australia: Home Medical Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Australia: Home Medical Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Indonesia: Home Medical Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Indonesia: Home Medical Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: Others: Home Medical Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: Others: Home Medical Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Europe: Home Medical Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Europe: Home Medical Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: Germany: Home Medical Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: Germany: Home Medical Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: France: Home Medical Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: France: Home Medical Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: United Kingdom: Home Medical Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: United Kingdom: Home Medical Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: Italy: Home Medical Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: Italy: Home Medical Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: Spain: Home Medical Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: Spain: Home Medical Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: Russia: Home Medical Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: Russia: Home Medical Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Others: Home Medical Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: Others: Home Medical Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: Latin America: Home Medical Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: Latin America: Home Medical Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Brazil: Home Medical Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Brazil: Home Medical Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Mexico: Home Medical Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Mexico: Home Medical Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Others: Home Medical Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Others: Home Medical Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Middle East and Africa: Home Medical Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Middle East and Africa: Home Medical Equipment Market: Breakup by Country (in %), 2021
Figure 67: Middle East and Africa: Home Medical Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Global: Home Medical Equipment Industry: SWOT Analysis
Figure 69: Global: Home Medical Equipment Industry: Value Chain Analysis
Figure 70: Global: Home Medical Equipment Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Home Medical Equipment Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Home Medical Equipment Market Forecast: Breakup by Equipment Type (in Million US$), 2022-2027
Table 3: Global: Home Medical Equipment Market Forecast: Breakup by Distribution Channel (in Million US$), 2022-2027
Table 4: Global: Home Medical Equipment Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 5: Global: Home Medical Equipment Market: Competitive Structure
Table 6: Global: Home Medical Equipment Market: Key Players


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