Home Medical Equipment Market

By Equipment Type;

Therapeutic Equipment, Patient Monitoring Equipment & Mobility Assist, and Patient Support Equipment

By Application;

Chronic Disease Management, Post-Surgical Care, Elderly Care, and Disability Assistance

By Distribution Channel;

Retail Medical Stores, Online Retailers, and Hospital Pharmacies

By End Users;

Hospitals, Home Care Settings, and Others

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn616870386 Published Date: August, 2025 Updated Date: September, 2025

Home Medical Equipment Market

Home Medical Equipment Market (USD Million)

Home Medical Equipment Market was valued at USD 42,400.19 million in the year 2024 The size of this market is expected to increase to USD 66,323.62 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 6.6%.


Home Medical Equipment Market

*Market size in USD million

CAGR 6.6 %


Study Period2025 - 2031
Base Year2024
CAGR (%)6.6 %
Market Size (2024)USD 42,400.19 Million
Market Size (2031)USD 66,323.62 Million
Market ConcentrationMedium
Report Pages367
42,400.19
2024
66,323.62
2031

Major Players

  • Abbott
  • Baxter
  • B. Braun
  • Hill-Rom Holdings Incorporated
  • Philips Healthcare
  • Medline Industry Inc.
  • ResMed
  • Sunrise Medical LLA.
  • Stryker
  • ARKRAY, Inc.
  • Baxter
  • ConvaTec Inc.
  • DeVilbiss Healthcare LLC

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Home Medical Equipment Market

Fragmented - Highly competitive market without dominant players


The Home Medical Equipment Market is transforming healthcare by enabling patients to receive effective treatment and support directly at home. These solutions reduce the need for hospital stays while enhancing patient safety, comfort, and independence in managing health conditions.

Market Expansion
Usage of home medical equipment is steadily increasing, with about 61% of patients now relying on them for routine healthcare needs. This growth demonstrates a rising preference for at-home solutions that provide better access to care while lowering overall medical costs.

Technological Advancements
Advancements in oxygen delivery systems, mobility aids, and connected monitoring devices are redefining the market landscape. Nearly 56% of recently launched devices incorporate digital connectivity, allowing real-time tracking and better integration with healthcare management systems.

Future Outlook
The Home Medical Equipment Market shows strong potential for growth as innovation and demand align. More than 51% of healthcare providers plan to increase their recommendations for home-based devices, positioning the sector as a key contributor to patient-centered healthcare.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Equipment Type
    2. Market Snapshot, By Application
    3. Market Snapshot, By Distribution Channel
    4. Market Snapshot, By End Users
    5. Market Snapshot, By Region
  4. Home Medical Equipment Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Population and Chronic Diseases

        2. Preference for Home Healthcare

      2. Restraints
        1. Cost and Affordability Concerns

        2. Technical Complexity and User Training

        3. Logistical and Distribution Challenges

      3. Opportunities
        1. Shift towards Home Healthcare and Patient-Centered Care Models

        2. Telehealth and Remote Patient Monitoring

        3. Personalized Medicine and Patient Engagement

    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Home Medical Equipment Market, By Equipment Type, 2021 - 2031 (USD Million)
      1. Therapeutic Equipment,
      2. Patient Monitoring Equipment, and
      3. Mobility Assist and Patient Support Equipment.
    2. Home Medical Equipment Market, By Application, 2021 - 2031 (USD Million)

      1. Chronic Disease Management

      2. Post-Surgical Care

      3. Elderly Care

      4. Disability Assistance

    3. Home Medical Equipment Market, By Distribution Channel, 2021 - 2031 (USD Million)
      1. Retail Medical Stores
      2. Online Retailers
      3. Hospital Pharmacies
    4. Home Medical Equipment Market, By End Users, 2021 - 2031 (USD Million)
      1. Hospitals
      2. Home Care Settings
      3. Others
    5. Home Medical Equipment Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Abbott
      2. Baxter
      3. B. Braun
      4. Hill-Rom Holdings Incorporated
      5. Philips Healthcare
      6. Medline Industry Inc.
      7. ResMed
      8. Sunrise Medical LLA.
      9. Stryker
      10. ARKRAY, Inc.
      11. Baxter
      12. ConvaTec Inc.
      13. DeVilbiss Healthcare LLC
  7. Analyst Views
  8. Future Outlook of the Market