Press release
Global Home Healthcare Devices Market Set to Reach USD 337.5 Billion by 2030
The global home healthcare devices market is on a trajectory of substantial growth, driven by technological innovations, an aging population, and the increasing preference for in-home medical care. The Home Healthcare Devices Market size was valued at USD 178.50 Billion in 2024 and the total Home Healthcare Devices revenue is expected to grow at a CAGR of 11.2% from 2025 to 2032, reaching nearly USD 417.33 Billion.
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◉ Market Dynamics and Growth Drivers
Home healthcare encompasses a broad spectrum of services, including physical therapy, speech therapy, occupational therapy, and skilled nursing. The digitization of healthcare data has streamlined patient-physician interactions, enabling accurate diagnoses from the comfort of patients' homes. Continuous technological advancements by companies in the sector are further propelling market growth. However, challenges such as high device costs and insufficient insurance coverage may impede progress.
Therapeutic Devices Leading the Market
Among various device types, therapeutic devices-such as insulin delivery systems, nebulizers, and ventilators-are experiencing the highest growth. The rising demand for infusion therapy, driven by the need for enteral and parenteral nutrition, is a significant contributor to this trend.
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◉ Regional Insights: North America and Asia Pacific
North America holds a dominant position in the home healthcare devices market, attributed to advanced medical infrastructure, high disposable income, and technological innovations. Conversely, the Asia Pacific region is witnessing significant growth due to its dynamic economy, increasing population, and rising prevalence of chronic diseases.
◉ Mergers and Acquisitions: Country-Specific Developments
Consolidation Trends in South Korea
In a notable development, European private-equity firm ArchiMed acquired South Korea's Jeisys Medical, a manufacturer of energy-based devices for aesthetic treatments, for approximately $742 million. This acquisition reflects the growing interest in the Asian aesthetic healthcare sector.
WSJ
Expansion Initiatives in the United States
CVS Health expanded its footprint in the home healthcare sector by acquiring Signify Health in February 2023. This strategic move positions CVS Health to penetrate rural areas and offer at-home medical services, including rapid antigen testing for COVID-19.
◉ Key Recent Developments in the Home Healthcare Devices Market
Technological Innovations
The integration of artificial intelligence and telemedicine into home healthcare devices has enhanced patient monitoring and personalized care. Wearable gadgets and remote monitoring systems are becoming increasingly prevalent, facilitating real-time health tracking.
Retail Healthcare Growth
Companies like Walmart, Amazon, and CVS are offering home healthcare services such as blood tests, vaccinations, and medical check-ups, traditionally delivered in conventional settings. This trend is making healthcare more accessible and convenient for patients.
◉ Country-Specific Insights
Vietnam: Opportunities in Home Healthcare Expansion
Vietnam's growing economy and increasing healthcare awareness present significant opportunities for the expansion of home healthcare services and devices.
Thailand: Growth in Telemedicine Adoption
Thailand is witnessing a surge in telemedicine adoption, driven by technological advancements and the need for accessible healthcare solutions.
Japan: Trends in Aging Population Care
Japan's rapidly aging population is driving demand for home healthcare devices tailored to elderly care, reflecting a significant trend in the market.
South Korea: Consolidation in Medical Device Manufacturing
The acquisition of Jeisys Medical by ArchiMed exemplifies the consolidation trend in South Korea's medical device manufacturing sector.
Singapore: Opportunities in Smart Healthcare Solutions
Singapore's focus on smart nation initiatives is fostering opportunities in smart healthcare solutions, integrating technology with home healthcare devices.
United States: Growth in Home-Based Medical Services
The U.S. is experiencing growth in home-based medical services, highlighted by CVS Health's acquisition of Signify Health.
China: Trends in Remote Patient Monitoring
China is observing trends in remote patient monitoring, leveraging technology to enhance home healthcare services across its vast population.
Europe: Updation in Healthcare Policies Supporting Home Care
European countries are updating healthcare policies to support home care, encouraging the adoption of home healthcare devices.
◉ Global Home Healthcare Devices Market Classifications
By Device Type
Diagnostics & Monitoring Home Healthcare Devices
Therapeutics Home Healthcare Devices
Home Mobility Assist Devices
Medical Supplies
Others
By Services
Rehabilitation services
Tele-health & Tele-medicine services
Infusion Therapy
Respiratory Services
Others
By Distribution Channel
Offline Channel
Online Sales
By End User
Hospitals & Clinics
Home Care
High
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◉ The following companies are included in the market for Global Home Healthcare Devices :
1. Zimmer Biomet
2. Siemens Healthineers
3. Philips Healthcare
4. Stryker
5. Medtronic
6. Drive Medical
7. Permobil
8. AirSep
9. Handicare International
10. TiLite
11. Merck & Co.
12. 3M Health Care
13. Bayer AG
14. Abbott Laboratories
15. Cardinal Health, Inc.
16. GE Healthcare
17. Invacare Corporation
18. F. Hoffmann-La Roche Ltd.
19. Phillips Healthcare
20. Omron Healthcare, Inc.
21. Invacare
For deeper market insights, peruse the summary of the research report: https://www.maximizemarketresearch.com/market-report/global-home-healthcare-devices-market/24717/
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