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Home Medical Equipment Market Revenue, Worth, Size, Growth, Industry Analysis | Valuates Reports
The Global Home Medical Equipment Market Size was valued at USD 30,545.34 Million in 2019, and is estimated to reach USD 56,457.87 Million by 2027, registering a CAGR of 6.1% from 2020 to 2027.
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Home Medical Equipment Market Trends
The growth of the global home medical equipment market is driven by the increase in incidence of chronic diseases and considerable rise in geriatric population across the globe. Furthermore, technological advancements in home care medical equipment such as smaller size, portability and ease to access contributes to the market growth.
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Home Medical Equipment Market Segmentation
By Functionality
• Therapeutic Equipment
• Patient Monitoring Equipment
• Mobility Assist & Patient Support Equipment
• Mobility Scooters
• Medical Furniture
• Bathroom Safety Equipment
By Distribution Channel
• Hospital Pharmacies
• Retail Pharmacies
• Online Retailers.
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