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PUBLISHER: IMARC Services Private Limited | PRODUCT CODE: 1207180
PUBLISHER: IMARC Services Private Limited | PRODUCT CODE: 1207180
Home Medical Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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PAGES: 142 Pages
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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?
Product Code: SR1323A652_Report
Table of Contents
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
- 8.1.1 United States
- 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
- 8.2.1 China
- 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
- 8.3.1 Germany
- 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
- 8.4.1 Brazil
- 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
- 13.3.1 Abbott Laboratories
Product Code: SR1323A652_Report
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$), 2017-2022
- Figure 3: Global: Home Medical Equipment Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: Home Medical Equipment Market: Breakup by Equipment Type (in %), 2022
- Figure 5: Global: Home Medical Equipment Market: Breakup by Distribution Channel (in %), 2022
- Figure 6: Global: Home Medical Equipment Market: Breakup by Region (in %), 2022
- Figure 7: Global: Home Medical Equipment (Therapeutic Equipment) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 8: Global: Home Medical Equipment (Therapeutic Equipment) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 9: Global: Home Medical Equipment (Patient Monitoring Equipment) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 10: Global: Home Medical Equipment (Patient Monitoring Equipment) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 11: Global: Home Medical Equipment (Mobility Assist and Patient Support Equipment) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 12: Global: Home Medical Equipment (Mobility Assist and Patient Support Equipment) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 13: Global: Home Medical Equipment (Retail Medical Stores) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 14: Global: Home Medical Equipment (Retail Medical Stores) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 15: Global: Home Medical Equipment (Online Retailers) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 16: Global: Home Medical Equipment (Online Retailers) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 17: Global: Home Medical Equipment (Hospital Pharmacies) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 18: Global: Home Medical Equipment (Hospital Pharmacies) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 19: North America: Home Medical Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 20: North America: Home Medical Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 21: United States: Home Medical Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 22: United States: Home Medical Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 23: Canada: Home Medical Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 24: Canada: Home Medical Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 25: Asia-Pacific: Home Medical Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 26: Asia-Pacific: Home Medical Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 27: China: Home Medical Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 28: China: Home Medical Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 29: Japan: Home Medical Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 30: Japan: Home Medical Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 31: India: Home Medical Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 32: India: Home Medical Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 33: South Korea: Home Medical Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 34: South Korea: Home Medical Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 35: Australia: Home Medical Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 36: Australia: Home Medical Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 37: Indonesia: Home Medical Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 38: Indonesia: Home Medical Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 39: Others: Home Medical Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 40: Others: Home Medical Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 41: Europe: Home Medical Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 42: Europe: Home Medical Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 43: Germany: Home Medical Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 44: Germany: Home Medical Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 45: France: Home Medical Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 46: France: Home Medical Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 47: United Kingdom: Home Medical Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 48: United Kingdom: Home Medical Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 49: Italy: Home Medical Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 50: Italy: Home Medical Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 51: Spain: Home Medical Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 52: Spain: Home Medical Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 53: Russia: Home Medical Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 54: Russia: Home Medical Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 55: Others: Home Medical Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 56: Others: Home Medical Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 57: Latin America: Home Medical Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 58: Latin America: Home Medical Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 59: Brazil: Home Medical Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 60: Brazil: Home Medical Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 61: Mexico: Home Medical Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 62: Mexico: Home Medical Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 63: Others: Home Medical Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 64: Others: Home Medical Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 65: Middle East and Africa: Home Medical Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 66: Middle East and Africa: Home Medical Equipment Market: Breakup by Country (in %), 2022
- Figure 67: Middle East and Africa: Home Medical Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- 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, 2022 and 2028
- Table 2: Global: Home Medical Equipment Market Forecast: Breakup by Equipment Type (in Million US$), 2023-2028
- Table 3: Global: Home Medical Equipment Market Forecast: Breakup by Distribution Channel (in Million US$), 2023-2028
- Table 4: Global: Home Medical Equipment Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 5: Global: Home Medical Equipment Market: Competitive Structure
- Table 6: Global: Home Medical Equipment Market: Key Players
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