Home Healthcare Equipment Market Growth Forecast: Exploring Trends and Opportunities for the Next Decade
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How has the home healthcare equipment market grown over the years?
The market size of home healthcare equipment has exhibited robust growth in the past few years. An increase from $35.77 billion in 2024 to $38.12 billion in 2025 is expected, reflecting a compound annual growth rate (CAGR) of 6.6%. The past growth could be linked to governmental programs advocating for home healthcare, personal preference of patients for home-based care, affordability, enhanced patient results, educational and awareness campaigns, access to healthcare in rural areas, and infrastructural development in the healthcare sector.
What Is the forecasted market size and growth rate for the home healthcare equipment market?
Forecasted robust expansion is anticipated in the home healthcare equipment market, with its value projected to reach $54.41 billion by 2029, growing at a Compound Annual Growth Rate (CAGR) of 9.3%. The factors contributing to this market growth in the forthcoming years include the integration of smart homes, increased patient-driven healthcare, development in remote diagnostic tools, adoption of digital health, and the exploration of telemedicine services. The trend for the prediction period includes advanced technologies like remote patient monitoring (RPM), intelligent home healthcare equipment, user-friendly designs and interfaces for patients, devices for managing medications, and the incorporation of AI and machine learning.
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What are the major factors driving growth in the home healthcare equipment market?
The increase in the number of older individuals is anticipated to stimulate the home healthcare equipment market’s expansion in the future. The term “ageing population” encompasses an escalation in the percentage of older adults as a result of alterations in a society’s age composition. This demographic transition has led to a surge in both the count and portion of individuals above 60 years of age. Home healthcare equipment empowers the elderly to regain control of their bodies, enhance their physical endurance, ward off injuries, and manage common ailments and conditions without the need for frequent doctor visits. For example, in October 2022, the World Health Organization, a Swiss-based specialized health institution, predicted that one in six people worldwide would be 60 years or older by 2030 and projected a global elderly population of 2.1 billion by 2050. Consequently, the ageing population’s growth is propelling the future advancement of the home healthcare equipment market.
What key areas define the segmentation of the global home healthcare equipment Market?
The home healthcare equipment market covered in this report is segmented –
1) By Product: Blood Glucose Monitor, Blood Pressure Monitor, Rehabilitation equipment, Other Product
2) By Service: Rehabilitation, Infusion Therapy, Unskilled Care, Respiratory Therapy, Pregnancy Care, Skilled Nursing, Hospice And Palliative Care
3) By Application: Diagnostics And Monitoring, Therapeutics, Care And Rehabilitation, Other Application
4) By End User: Hospitals Or Clinics Or Diagnostic Lab, Research And Development Centre, Home Care Settings
Subsegments:
1) By Blood Glucose Monitor: Glucometers, Continuous Glucose Monitors (CGMs), Test Strips
2) By Blood Pressure Monitor: Digital Blood Pressure Monitors, Manual Blood Pressure Monitors, Ambulatory Blood Pressure Monitors
3) By Rehabilitation Equipment: Mobility Aids, Exercise Equipment, Home Modification Products
4) By Other Products: Thermometers, Nebulizers, Pulse Oximeters
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What are the top market players propelling the growth of the home healthcare equipment industry?
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
What are the key trends shaping the future of the home healthcare equipment market?
The rise in technology is a predominant trend observed in the home healthcare equipment market field. Businesses in this market are integrating innovative technology to maintain market dominance. As an example, CommScope, a network infrastructure provider from the USA, rolled out the HomeSight system for healthcare and homecare in October 2022. This system harmonizes a smart camera connected to the TV with an edge computer, a robust cloud service for data sharing and device management, environment sensors, along with an LTE connectivity module for homes lacking broadband service or as an alternative connection. This advancement enhances the experience of the user, increases patient accessibility, promotes engagement and uptake of care services, while reducing the requirement for physical appointments or visits.
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What regions are dominating the home healthcare equipment market growth?
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.
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