PUBLISHER: The Business Research Company | PRODUCT CODE: 1659138
PUBLISHER: The Business Research Company | PRODUCT CODE: 1659138
Home healthcare equipment comprises devices designed to serve a medical purpose, capable of sustained and repeated usage, and suitable for use in a home setting. These devices are intended to provide medical support within the home environment.
Key products within home healthcare equipment include blood glucose monitors, blood pressure monitors, rehabilitation equipment, and various others. For instance, a blood glucose monitor is a device that automatically tracks blood glucose levels throughout the day and night. Home healthcare services cover rehabilitation, infusion therapy, unskilled care, respiratory therapy, pregnancy care, skilled nursing, hospice, and palliative care. These services find applications in diagnostics and monitoring, therapeutics, care and rehabilitation, among other areas. Different end-users of home healthcare equipment include hospitals, clinics, diagnostic labs, research and development centers, as well as home care settings.
The home healthcare equipment market report is one of a series of new reports from The Business Research Company that provides home healthcare equipment market statistics, including home healthcare equipment industry global market size, regional shares, competitors with a home healthcare equipment market share, detailed home healthcare equipment market segments, market trends and opportunities, and any further data you may need to thrive in the home healthcare equipment industry. This home healthcare equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The home healthcare equipment market size has grown strongly in recent years. It will grow from $35.77 billion in 2024 to $38.12 billion in 2025 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to government initiatives for home healthcare, patient preference for home care, cost-effective care, improvement in patient outcomes, awareness and education programs, rural healthcare access, healthcare infrastructure development.
The home healthcare equipment market size is expected to see strong growth in the next few years. It will grow to $54.41 billion in 2029 at a compound annual growth rate (CAGR) of 9.3%. The growth in the forecast period can be attributed to digital health adoption, smart home integration, consumer-driven healthcare, advancements in remote diagnostics, expansion of telemedicine services. Major trends in the forecast period include remote patient monitoring (rpm) technology, smart home healthcare devices, patient-friendly design and user interface, medication management devices, integration of artificial intelligence (ai) and machine learning.
The home healthcare equipment market is poised for substantial growth, propelled by the rise in the aging population globally. The aging population phenomenon, characterized by an increasing proportion of elderly individuals, has resulted from shifts in population age structures. Home healthcare equipment plays a pivotal role in empowering the aging population, providing tools to enhance physical control, strength, injury prevention, and self-management of common illnesses and disorders. A notable projection by the World Health Organization underscores the significance of this trend, estimating that by 2030, 1 in 6 individuals globally will be 60 or older, with an anticipated reach of 2.1 billion elderly people by 2050. This demographic shift serves as a key driver for the growth of the home healthcare equipment market.
The rising prevalence of chronic diseases is projected to significantly boost the growth of the home healthcare equipment market. Chronic diseases are characterized by long-lasting health issues that require ongoing medical attention and can hinder daily activities. Examples include heart disease, cancer, obesity, and diabetes. Home healthcare equipment is essential for managing these conditions, as it provides patients with the necessary tools and devices for monitoring their health, administering treatment, and enhancing their quality of life in their own homes. For instance, a report from the World Health Organization in September 2023 highlighted that 41 million deaths globally, accounting for 74% of all deaths, were attributed to non-communicable diseases (NCDs) or chronic diseases each year. As a result, the increasing burden of chronic diseases is driving demand for home healthcare equipment.
Technological advancements are a prominent trend influencing the home healthcare equipment market. Industry players are embracing innovative technologies to maintain their competitive edge and enhance the overall quality of healthcare at home. For instance, in October 2022, CommScope's introduction of the HomeSight system, specifically tailored for healthcare and home care. This comprehensive system integrates smart camera technology, edge computing, cloud services for data transfer, environmental sensors, and LTE connectivity. The HomeSight system aims to elevate the end-user experience, fostering increased patient availability, engagement, and the adoption of care services while minimizing the need for in-person visits.
Major players in the home healthcare equipment market are increasingly focusing on launching advanced airway pressure devices to gain a competitive advantage. These medical devices are specifically designed to deliver controlled and adjustable pressure to assist respiratory function in patients, often used for conditions like sleep apnea and respiratory failure. For example, in July 2024, Varon, a US-based provider of home healthcare equipment, unveiled the Sunnygrand series, which includes advanced CPAP (continuous positive airway pressure) and BiPAP (bilevel positive airway pressure) devices aimed at treating sleep apnea. These machines feature smart algorithms that adapt to the user's breathing patterns, ensuring optimal airflow and improved sleep quality. CPAP devices provide a continuous stream of air to keep the airways open, making them the most frequently prescribed treatment for obstructive sleep apnea. In contrast, BiPAP devices offer two pressure levels-one higher for inhalation and one lower for exhalation-providing a more comfortable alternative for users who may find CPAP therapy difficult or have more complex respiratory issues. These devices are crucial in enhancing sleep quality and overall health by preventing interruptions in sleep-related breathing.
In April 2023, HCAH (Health Care at Home), an India-based provider of home healthcare equipment and services, acquired Nightingales for an undisclosed sum. This strategic acquisition positions HCAH as the foremost outpatient care provider in India, significantly enhancing its presence in key southern markets such as Bengaluru, Hyderabad, Chennai, and Mumbai. Nightingales is also an India-based company that specializes in home healthcare equipment.
Major companies operating in the home healthcare equipment market are LifeScan Inc., Microlife Corporation, A&D Company Limited, Abbott Laboratories, Panasonic Corp., Jiangsu Yuyue Medical Equipment & Supply Co. Ltd., Sannuo Hong Kong Limited Company, Siemens AG, Insulet Corporation, Phonak Holding AG, William Demant Holding AS, Invacare Holdings Corporation, 3M Company, ARKRAY Inc., Apex Ltd., ApiJect Systems Corp., B. Braun Melsungen AG, Bavaria Medizin Technologie GmbH, Baxter International Inc., Bayada Home Healthcare Agency, Becton Dickinson and Company, Bigfoot Biomedical Inc., BioLife Solutions Inc., Cantel Medical Corp., Cardinal Health Inc., Grand Pharmaceutical Group Ltd., GE Healthcare Technologies Inc., Home Care Delivered Inc., IRadimed Corporation
North America was the largest region in the home health care equipment market in 2024. The regions covered in the home healthcare equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the home healthcare equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The home healthcare equipment market consists of sales of hospital bed, backrest, nebulizer, multipara monitor. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Home Healthcare Equipment Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on home healthcare equipment market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for home healthcare equipment ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The home healthcare equipment market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.