Home Medical Equipment Market Expansion Due to Aging Population & Chronic Disease Care at Home - 2025 Insights | GE HealthCare, Abbott, Nihon Kohden Corporation among others

Home Medical Equipment Market reached US$ 45.35 Billion in 2024 and is expected to reach US$ 75.82 Billion by 2033, growing at a CAGR of 6.8% during the forecast period 2025-2033.

The latest Home Medical Equipment Market Report by DataM Intelligence offers a clear analysis of global trends, market size, key players, and growth drivers. Covering emerging technologies, evolving care models, and regulatory insights, it provides strategic intelligence to help stakeholders navigate the dynamic healthcare landscape through 2025-2033

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Home medical equipment includes devices used in residential settings to support treatment, diagnosis, or mobility, such as oxygen concentrators, CPAP machines, and wheelchairs. The market is expanding rapidly due to aging populations, rising chronic disease management at home, and growing demand for telehealth-enabled, user-friendly solutions.

Home Medical Equipment Market Key Players:

The major global players in the global home medical equipment market include Invacare Corporation, Karman Healthcare Inc., Ottobock, Pride Mobility Products Corp., Medtronic, Koninklijke Philips N.V., GE HealthCare, Abbott, Nihon Kohden Corporation, and Danaher Corporation, among others.

Home Medical Equipment Market Emerging Players:

The major global players in the global home medical equipment market include Livongo, Tyto Care, and iRhythm Tech, among others.

Important Industry Updates of 2024 and 2025:

✅ In May 2025, Medtronic announced plans to spin off its diabetes division into a separate publicly traded company within 18 months. This move aims to allow the diabetes unit, which generated nearly $2.5 billion in fiscal 2024, to expand more rapidly and recover from past regulatory and performance challenges. The division will continue to sell insulin delivery products like the MiniMed insulin pump and smart pens, and is developing a new glucose sensor in partnership with Abbott.

✅ In January 2025, Philips signed an agreement to sell its Emergency Care business to Bridgefield Capital, a US-based investment firm. The Emergency Care business offers products critical in acute care management, including automated external defibrillators. Philips and the Emergency Care business will enter into a brand license agreement to use the Philips brand for manufacturing, sales, and marketing of Emergency Care products globally for up to 15 years.

✅ In November 2024, Invacare sold its North American business to MIGA Holdings LLC. This acquisition aims to optimize Invacare's operations and accelerate growth in North America, enhancing its ability to better satisfy customer needs and expand as a market leader in the healthcare mobility space.

✅ In October 2024, Ottobock invested €22.5 million in ONWARD Medical, a European medical technology company developing therapies to restore movement and independence in people with spinal cord injury. This investment makes Ottobock the largest shareholder of ONWARD® Medical and marks the beginning of a closer partnership.

✅ In August 2024, Hong Kong-based health tech start-up Libpet is into designing smart robot wheelchairs not just for the physically challenged but for everyone. Through innovation, its inclusive device for mobility and productivity helps minimize physical effort, making life so much easier.

Home Medical Equipment Market Segments Overview:

∎ By Therapeutic Equipment (Dialysis Equipment, Respiratory Therapy Equipment, Intravenous Equipment)
∎ By Mobility Assist and Patient Support Equipment (Mobility Assist Equipment, Medical Furniture, and Bathroom Safety Equipment)
∎ By Patient Monitoring Equipment (Cardiac Monitoring Equipment, Temperature Monitoring Equipment, Blood Glucose Monitoring Equipment, Others)
∎ By End-Users (Home Healthcare Providers, Nursing Homes, Rehabilitation Centers)

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Methodology and Scope:

This Home Medical Equipment Market report is developed using a robust research methodology that combines primary interviews, insights from industry experts, and verified secondary sources such as company filings, trade journals, and trusted databases. It follows a bottom-up and top-down approach to ensure data accuracy through triangulation. The scope of the report covers current market trends, growth potential, and strategic developments across global and regional markets.

Regional Overview for Home Medical Equipment Market:

⇥ North America (U.S., Canada, Mexico)
⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
⇥ South America (Colombia, Brazil, Argentina, Rest of South America)
⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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The Report Includes:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.
➡ Go-to-market Strategy.
➡ Neutral perspective on the market performance.
➡ Customized regional/country reports as per request and country level analysis.
➡ Potential & niche segments and regions exhibiting promising growth covered.

People Also Ask:

➤ What are the global sales, production, import, and export trends in the Home Medical Equipment market?
➤ Who are the top manufacturers, and what are their output, pricing, and revenue figures?
➤ What key opportunities and challenges do vendors face in this market?
➤ Which product types, applications, or end-users are driving growth and holding market share?
➤ What are the main growth drivers and restraints affecting the Home Medical Equipment market?
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✅ KOL / Stakeholder Insights
✅ Pipeline Analysis For Drugs Discovery
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✅ Market Volatility & Emerging Risks Analysis
✅ Competitive Landscape

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