Global Home Healthcare Equipment Market Insights and Forecast to 2028

Home Healthcare Equipment Market Outlook - 2028

The global Home Healthcare Equipment market size is projected to reach US$ 56030 million by 2028, from US$ 34470 million in 2021, at a CAGR of 7.1% during 2022-2028. 

Home medical equipment includes medical tools that provide patients with a secure, practical, economical, and acceptable environment inside their own homes. The rise in the prevalence of chronic diseases and the significant increase in the world's geriatric population are the main factors driving the growth of the Home Healthcare Equipment market. The Home Healthcare Equipment market is expected to rise as a result of technological developments in home care medical equipment, such as lower size, portability, and accessibility.

Home Healthcare Equipment Market Trends

Due to the global rise in the frequency of numerous chronic diseases, the home medical equipment industry has seen a significant change in recent years. A high rate of adoption is also being seen for oxygen-related goods in-home medical equipment, as the prevalence of chronic obstructive pulmonary disease (COPD) has significantly increased globally. These factors are expected to drive the growth of the Home Healthcare Equipment market. 

Market companies are being compelled to create medical gadgets that are exact, effective, user-friendly, and effective as the elderly population rises. As a result, elderly adults have a greater demand for therapeutic, mobility, and monitoring equipment, which is driving the Home Healthcare Equipment market expansion.

Home medical equipment allows patients to avoid spending money on clinical diagnostic procedures or ongoing monitoring, allowing this industry to thrive in economically underdeveloped areas. As healthcare expenses rise, the Home Healthcare Equipment market is anticipated to grow.

Home Healthcare Equipment Market Share 

The largest market is the Americas, with a market share of over 39%, followed by Europe and APAC, both of which have market shares of over 56%. 

Rehabilitation Equipment has a market share of over 32% and is the largest product segment. Retail pharmacies are the most common use, followed by hospital pharmacies and other applications, in terms of size.

Some of the leading companies in the global home healthcare equipment market include Medtronic, Sonova, William Demant, WS Audiology, Roche, etc. The top five producers worldwide control around 28% of the market. 

Home Healthcare Equipment Market Scope and Market Size

Home Healthcare Equipment market is segmented by players, region (country), by Type and by Application. Players, stakeholders, and other participants in the global Home Healthcare Equipment market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application for the period 2017-2028.

Segment by Type

• Blood Glucose Monitoring
• Blood Pressure Monitors
• Hearing Aids
• Rehabilitation Equipment
• Other

Segment by Application

• Hospital Pharmacies
• Retail Pharmacies
• Online Sales
• Others

By Company

• Medtronic
• Sonova
• William Demant
• WS Audiology
• Roche
• Lifescan
• GN ReSound
• Ottobock
• Invacare
• Omron
• Abbott Laboratories
• DJO Global
• Ascensia
• Starkey
• Permobil Corp
• Ossur
• Yuwell
• SANNUO
• A&D Company
• Microlife

By Region

• North America
• United States
• Canada
• Europe
• Germany
• France
• UK
• Italy
• Russia
• Nordic Countries
• Rest of Europe
• Asia-Pacific
• China
• Japan
• South Korea
• Southeast Asia
• India
• Australia
• Rest of Asia
• Latin America
• Mexico
• Brazil
• Rest of Latin America
• Middle East & Africa
• Turkey
• Saudi Arabia
• UAE
• Rest of MEA