[333 Pages Report] The global homecare medical devices market holds a forecasted share of US$ 133650.67 million in 2022 and is likely to surpass US$ 312328.055 million by 2032, moving ahead with a CAGR of 8.9% during the forecast period.
Home medical equipment provides patients with a safe, convenient, cost-effective, and comfortable environment within their own homes. The home medical equipment market has transformed as chronic diseases have become more prevalent worldwide.
Moreover, oxygen-related home medical equipment is gaining popularity due to the significant rise in chronic obstructive pulmonary disease (COPD) worldwide. Patients receive various care devices at home, including infusion pumps, wheelchairs, glucose meters, and cannulas. For example, glucose and glucometers are routinely used to measure diabetes blood sugar levels.
| Report Attribute | Details |
|---|---|
| Homecare Medical Devices Market Value (2022) | US$ 133650.67 million |
| Homecare Medical Devices Market Anticipated Forecast Value (2032) | US$ 312328.055 million |
| Homecare Medical Devices Market Projected Growth Rate (2022 to 2032) | 8.9% |
Home medical equipment market growth is also accelerated by new technological advances such as needle-free diabetic care, medication administration equipment, and durable medical equipment, such as medical beds and lift chairs. However, the high cost associated with these devices is expected to hinder the home medical equipment market's growth.
As chronic diseases and aging increase worldwide, the global home medical equipment market is expected to grow. In addition, technological advances in home care medical equipment contribute to the market's growth, such as smaller sizes, portability, and ease of access.
As a result of rising concerns regarding patient safety and difficulty in adapting to new medical devices, the market is expected to grow at a moderate pace over the forecast period. But as a result of the growth potential of emerging economies in the Asia Pacific, market expansion opportunities could be numerous during the forecast period.
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Developing cost-effective homecare medical devices for better patient assistance is the key opportunity for the players operating in the homecare medical devices market. The key players will also be able to grow significantly over the forecast period due to innovative marketing strategies. Furthermore, government initiatives related to reimbursement policies for home healthcare devices will further improve the demand for homecare medical devices, providing key players in this market with lucrative growth opportunities.
North America is estimated to capture 33.2% of the overall homecare medical devices market, owing to the increasing elderly population in various states. Additionally, the rise in respiratory diseases, COPD, and chronic diseases such as asthma, diabetes, and blood pressure would be contributing factors to the growth of this market.
Europe is predicted to hold a significant market share of 30.1% of the global homecare medical devices market. In the healthcare sector, the proliferation of innovation and AI is driving the growth of the European homecare medical devices domain, which is set to be a growth-proliferating aspect for the sector. Considering that healthcare aid and health & wellness are becoming the top priorities in the modern world, rapid and innovative developments in the healthcare sector are opening up new opportunities for homecare medical devices. This is likely to result in significant growth in the overall technology-driven prospects market.
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SMEs and startups are taking advantage of cutting-edge technologies such as artificial intelligence, 3D printing, and wearable devices to design, test, and develop medical devices that solve health problems and boost the industry to a whole new level. There are several startups, including EzeRx, JANITRI Innovations, Niramai, Dozee, Tricog Health, InnAccel, Pandorum Technologies, AgVa and Biodesign. In addition to this, many private healthcare players are also looking to push startups to develop medical devices. To support health technology startups in developing scientific and commercial solutions, Bengaluru-based Aster DM Healthcare and investment firm Life Science Vision Capital have established India's first incubator and accelerator, XHealth Innovation Lab, in partnership with social entrepreneurship startup Social Alpha.
Homecare Medical Devices Market: Key Contracts/ Agreements/ Acquisitions/ Recent Developments
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| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 8.9% from 2022 to 2032 |
| Base Year for Estimation | 2022 |
| Historical Data | 2016 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in US$ Million and CAGR from 2022-2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered |
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| Regions Covered |
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| Key Countries Profiled |
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| Key Companies Profiled |
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| Customization | Available Upon Request |
The homecare medical devices market’s growth potential can be valued at US$ 312328.055 Mn by 2032.
The market size of the global homecare medical devices market is projected to grow by US$ 133650.67 Mn in 2022.
North America is expected to hold the highest share in the global homecare medical devices market.
The homecare Medical Devices market is expected to grow at a CAGR of 8.9% from 2022 to 2032.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Investment Feasibility Matrix 3.5. PESTLE and Porter’s Analysis 3.6. Regulatory Landscape 3.6.1. By Key Regions 3.6.2. By Key Countries 3.7. Regional Parent Market Outlook 4. Global Homecare Medical Devices Market Analysis 2017-2021 and Forecast, 2022-2032 4.1. Historical Market Size Value (US$ Mn) Analysis, 2017-2021 4.2. Current and Future Market Size Value (US$ Mn) Projections, 2022-2032 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Homecare Medical Devices Market Analysis 2017-2021 and Forecast 2022-2032, By Product Type 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Mn) Analysis By Product Type, 2017-2021 5.3. Current and Future Market Size Value (US$ Mn) Analysis and Forecast By Product Type, 2022-2032 5.3.1. Wheelchairs 5.3.2. Scooters 5.3.3. Oxygen treatment equipment 5.3.4. Accessibility beds 5.3.5. Lifts 5.3.6. Toilets 5.3.7. Others 5.4. Y-o-Y Growth Trend Analysis By Product Type, 2017-2021 5.5. Absolute $ Opportunity Analysis By Product Type, 2022-2032 6. Global Homecare Medical Devices Market Analysis 2017-2021 and Forecast 2022-2032, By Distribution channel 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Mn) Analysis By Distribution channel, 2017-2021 6.3. Current and Future Market Size Value (US$ Mn) Analysis and Forecast By Distribution channel, 2022-2032 6.3.1. Direct Distribution Channel 6.3.2. Sales Channel 6.4. Y-o-Y Growth Trend Analysis By Distribution channel, 2017-2021 6.5. Absolute $ Opportunity Analysis By Distribution channel, 2022-2032 7. Global Homecare Medical Devices Market Analysis 2017-2021 and Forecast 2022-2032, By Region 7.1. Introduction 7.2. Historical Market Size Value (US$ Mn) Analysis By Region, 2017-2021 7.3. Current Market Size Value (US$ Mn) Analysis and Forecast By Region, 2022-2032 7.3.1. North America 7.3.2. Latin America 7.3.3. Europe 7.3.4. Asia Pacific 7.3.5. MEA 7.4. Market Attractiveness Analysis By Region 8. North America Homecare Medical Devices Market Analysis 2017-2021 and Forecast 2022-2032, By Country 8.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021 8.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032 8.2.1. By Country 8.2.1.1. U.S. 8.2.1.2. Canada 8.2.2. By Product Type 8.2.3. By Distribution channel 8.3. Market Attractiveness Analysis 8.3.1. By Country 8.3.2. By Product Type 8.3.3. By Distribution channel 8.4. Key Takeaways 9. Latin America Homecare Medical Devices Market Analysis 2017-2021 and Forecast 2022-2032, By Country 9.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021 9.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032 9.2.1. By Country 9.2.1.1. Brazil 9.2.1.2. Mexico 9.2.1.3. Rest of Latin America 9.2.2. By Product Type 9.2.3. By Distribution channel 9.3. Market Attractiveness Analysis 9.3.1. By Country 9.3.2. By Product Type 9.3.3. By Distribution channel 9.4. Key Takeaways 10. Europe Homecare Medical Devices Market Analysis 2017-2021 and Forecast 2022-2032, By Country 10.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021 10.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032 10.2.1. By Country 10.2.1.1. Germany 10.2.1.2. U.K. 10.2.1.3. France 10.2.1.4. Spain 10.2.1.5. Italy 10.2.1.6. Rest of Europe 10.2.2. By Product Type 10.2.3. By Distribution channel 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Product Type 10.3.3. By Distribution channel 10.4. Key Takeaways 11. Asia Pacific Homecare Medical Devices Market Analysis 2017-2021 and Forecast 2022-2032, By Country 11.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021 11.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032 11.2.1. By Country 11.2.1.1. China 11.2.1.2. Japan 11.2.1.3. South Korea 11.2.1.4. Malaysia 11.2.1.5. Singapore 11.2.1.6. Australia 11.2.1.7. Rest of Asia Pacific 11.2.2. By Product Type 11.2.3. By Distribution channel 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Product Type 11.3.3. By Distribution channel 11.4. Key Takeaways 12. MEA Homecare Medical Devices Market Analysis 2017-2021 and Forecast 2022-2032, By Country 12.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021 12.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032 12.2.1. By Country 12.2.1.1. GCC Countries 12.2.1.2. South Africa 12.2.1.3. Israel 12.2.1.4. Rest of MEA 12.2.2. By Product Type 12.2.3. By Distribution channel 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Product Type 12.3.3. By Distribution channel 12.4. Key Takeaways 13. Key Countries Homecare Medical Devices Market Analysis 13.1. U.K. 13.1.1. Pricing Analysis 13.1.2. Market Share Analysis, 2021 13.1.2.1. By Product Type 13.1.2.2. By Distribution channel 13.2. Canada 13.2.1. Pricing Analysis 13.2.2. Market Share Analysis, 2021 13.2.2.1. By Product Type 13.2.2.2. By Distribution channel 13.3. Brazil 13.3.1. Pricing Analysis 13.3.2. Market Share Analysis, 2021 13.3.2.1. By Product Type 13.3.2.2. By Distribution channel 13.4. Mexico 13.4.1. Pricing Analysis 13.4.2. Market Share Analysis, 2021 13.4.2.1. By Product Type 13.4.2.2. By Distribution channel 13.5. Rest of Latin America 13.5.1. Pricing Analysis 13.5.2. Market Share Analysis, 2021 13.5.2.1. By Product Type 13.5.2.2. By Distribution channel 13.6. Germany 13.6.1. Pricing Analysis 13.6.2. Market Share Analysis, 2021 13.6.2.1. By Product Type 13.6.2.2. By Distribution channel 13.7. U.K. 13.7.1. Pricing Analysis 13.7.2. Market Share Analysis, 2021 13.7.2.1. By Product Type 13.7.2.2. By Distribution channel 13.8. France 13.8.1. Pricing Analysis 13.8.2. Market Share Analysis, 2021 13.8.2.1. By Product Type 13.8.2.2. By Distribution channel 13.9. Spain 13.9.1. Pricing Analysis 13.9.2. Market Share Analysis, 2021 13.9.2.1. By Product Type 13.9.2.2. By Distribution channel 13.10. Italy 13.10.1. Pricing Analysis 13.10.2. Market Share Analysis, 2021 13.10.2.1. By Product Type 13.10.2.2. By Distribution channel 13.11. Rest of Europe 13.11.1. Pricing Analysis 13.11.2. Market Share Analysis, 2021 13.11.2.1. By Product Type 13.11.2.2. By Distribution channel 13.12. China 13.12.1. Pricing Analysis 13.12.2. Market Share Analysis, 2021 13.12.2.1. By Product Type 13.12.2.2. By Distribution channel 13.13. Japan 13.13.1. Pricing Analysis 13.13.2. Market Share Analysis, 2021 13.13.2.1. By Product Type 13.13.2.2. By Distribution channel 13.14. South Korea 13.14.1. Pricing Analysis 13.14.2. Market Share Analysis, 2021 13.14.2.1. By Product Type 13.14.2.2. By Distribution channel 13.15. Malaysia 13.15.1. Pricing Analysis 13.15.2. Market Share Analysis, 2021 13.15.2.1. By Product Type 13.15.2.2. By Distribution channel 13.16. Singapore 13.16.1. Pricing Analysis 13.16.2. Market Share Analysis, 2021 13.16.2.1. By Product Type 13.16.2.2. By Distribution channel 13.17. Australia 13.17.1. Pricing Analysis 13.17.2. Market Share Analysis, 2021 13.17.2.1. By Product Type 13.17.2.2. By Distribution channel 13.18. Rest of Asia Pacific 13.18.1. Pricing Analysis 13.18.2. Market Share Analysis, 2021 13.18.2.1. By Product Type 13.18.2.2. By Distribution channel 13.19. GCC Countries 13.19.1. Pricing Analysis 13.19.2. Market Share Analysis, 2021 13.19.2.1. By Product Type 13.19.2.2. By Distribution channel 13.20. South Africa 13.20.1. Pricing Analysis 13.20.2. Market Share Analysis, 2021 13.20.2.1. By Product Type 13.20.2.2. By Distribution channel 13.21. Israel 13.21.1. Pricing Analysis 13.21.2. Market Share Analysis, 2021 13.21.2.1. By Product Type 13.21.2.2. By Distribution channel 13.22. Rest of MEA 13.22.1. Pricing Analysis 13.22.2. Market Share Analysis, 2021 13.22.2.1. By Product Type 13.22.2.2. By Distribution channel 14. Market Structure Analysis 14.1. Competition Dashboard 14.2. Competition Benchmarking 14.3. Market Share Analysis of Top Players 14.3.1. By Regional 14.3.2. By Product Type 14.3.3. By Distribution channel 15. Competition Analysis 15.1. Competition Deep Dive 15.1.1. AirSep 15.1.1.1. Overview 15.1.1.2. Product Portfolio 15.1.1.3. Profitability by Market Segments 15.1.1.4. Sales Footprint 15.1.1.5. Strategy Overview 15.1.1.5.1. Marketing Strategy 15.1.2. SeQual 15.1.2.1. Overview 15.1.2.2. Product Portfolio 15.1.2.3. Profitability by Market Segments 15.1.2.4. Sales Footprint 15.1.2.5. Strategy Overview 15.1.2.5.1. Marketing Strategy 15.1.3. Drive Medical 15.1.3.1. Overview 15.1.3.2. Product Portfolio 15.1.3.3. Profitability by Market Segments 15.1.3.4. Sales Footprint 15.1.3.5. Strategy Overview 15.1.3.5.1. Marketing Strategy 15.1.4. Graham Field 15.1.4.1. Overview 15.1.4.2. Product Portfolio 15.1.4.3. Profitability by Market Segments 15.1.4.4. Sales Footprint 15.1.4.5. Strategy Overview 15.1.4.5.1. Marketing Strategy 15.1.5. Inogen 15.1.5.1. Overview 15.1.5.2. Product Portfolio 15.1.5.3. Profitability by Market Segments 15.1.5.4. Sales Footprint 15.1.5.5. Strategy Overview 15.1.5.5.1. Marketing Strategy 15.1.6. Invacare 15.1.6.1. Overview 15.1.6.2. Product Portfolio 15.1.6.3. Profitability by Market Segments 15.1.6.4. Sales Footprint 15.1.6.5. Strategy Overview 15.1.6.5.1. Marketing Strategy 15.1.7. Meyra 15.1.7.1. Overview 15.1.7.2. Product Portfolio 15.1.7.3. Profitability by Market Segments 15.1.7.4. Sales Footprint 15.1.7.5. Strategy Overview 15.1.7.5.1. Marketing Strategy 15.1.8. Permobil 15.1.8.1. Overview 15.1.8.2. Product Portfolio 15.1.8.3. Profitability by Market Segments 15.1.8.4. Sales Footprint 15.1.8.5. Strategy Overview 15.1.8.5.1. Marketing Strategy 15.1.9. Handicare 15.1.9.1. Overview 15.1.9.2. Product Portfolio 15.1.9.3. Profitability by Market Segments 15.1.9.4. Sales Footprint 15.1.9.5. Strategy Overview 15.1.9.5.1. Marketing Strategy 15.1.10. Philips Respironics 15.1.10.1. Overview 15.1.10.2. Product Portfolio 15.1.10.3. Profitability by Market Segments 15.1.10.4. Sales Footprint 15.1.10.5. Strategy Overview 15.1.10.5.1. Marketing Strategy 15.1.11. Teijin 15.1.11.1. Overview 15.1.11.2. Product Portfolio 15.1.11.3. Profitability by Market Segments 15.1.11.4. Sales Footprint 15.1.11.5. Strategy Overview 15.1.11.5.1. Marketing Strategy 15.1.12. Sunrise Medical 15.1.12.1. Overview 15.1.12.2. Product Portfolio 15.1.12.3. Profitability by Market Segments 15.1.12.4. Sales Footprint 15.1.12.5. Strategy Overview 15.1.12.5.1. Marketing Strategy 15.1.13. Pride inc 15.1.13.1. Overview 15.1.13.2. Product Portfolio 15.1.13.3. Profitability by Market Segments 15.1.13.4. Sales Footprint 15.1.13.5. Strategy Overview 15.1.13.5.1. Marketing Strategy 16. Assumptions & Acronyms Used 17. Research Methodology
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Homecare Medical Devices Market
