United States Home Medical Equipment Market 2025 | Growth Drivers, Key Players & Investment Opportunities

Market Size and Growth

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.

Key Development:

United States: Recent Industry Developments

✅ In August 2025, ResMed launched its latest cloud-connected CPAP devices in California.The devices feature AI-driven sleep pattern monitoring for improved patient compliance.This marks an expansion of ResMed's digital homecare solutions portfolio.

✅ In July 2025, Medline Industries announced a $150 million investment to expand its home medical equipment distribution centers across Texas and Ohio.The move aims to enhance supply chain efficiency and meet rising demand for in-home care products.The expansion is expected to create 500+ new jobs.

✅ In June 2025, Invacare Corporation unveiled its next-generation mobility scooters designed for elderly patients at home.The models integrate smart battery technology and lightweight design for enhanced portability.This launch strengthens Invacare's presence in the home mobility market.

Japan: Recent Industry Developments

✅ In August 2025, Panasonic Healthcare introduced its AI-powered home oxygen concentrator in Tokyo.The device offers real-time oxygen level adjustments for patients with chronic respiratory diseases.It reflects Japan's growing focus on smart home medical devices.

✅ In July 2025, Omron Healthcare invested in a new R&D facility in Kyoto focused on connected home blood pressure monitors.The initiative supports development of telehealth-integrated monitoring devices and remote patient care.The center is set to accelerate product launches by 2026.

✅ In June 2025, Nidek Co., Ltd. launched an advanced portable nebulizer system for pediatric and geriatric use.The product emphasizes lightweight design and reduced noise for comfortable home treatment.It adds to Nidek's expanding respiratory care solutions portfolio.

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Home Medical Equipment (HME) refers to medical devices and supplies used by patients in a home setting for monitoring, therapy, or rehabilitation. Examples include oxygen concentrators, mobility aids, sleep apnea devices, and remote monitoring tools, which enhance patient independence, comfort, and chronic disease management outside clinical facilities.

Recent Mergers and Acquisitions

United States: Recent M&A

✅ In Q1 2025, Stryker acquired Inari Medical for US$4.9 billion. This acquisition strengthens Stryker's vascular and thrombectomy device segment, expanding its reach into advanced treatment solutions that can be utilized in both hospitals and home care settings.

✅ In July 2024, Owens & Minor acquired Rotech Healthcare for US$1.4 billion. The acquisition enhances Owens & Minor's presence in home medical equipment, particularly in respiratory therapy, sleep apnea devices, and home wound care.

Japan: Recent M&A / Related Activity

✅ In March 2025, KKR neared completion of a ¥323.4 billion (approx. US$2.15 billion) deal to acquire Topcon, a Japanese medical gear and optics manufacturer. The move highlights increasing private equity interest in Japan's med-tech sector.

✅ In Q2 2024, Japan's medical devices sector recorded 7 M&A transactions worth US$3.1 million in total, including the acquisition of M-aid by Valor, reflecting continued consolidation in the home healthcare and device market.

Key Players:

-> 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.

Growth Forecast Projected:

The Global Home Medical Equipment Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Research Process:

Both primary and secondary data sources have been used in the global Home Medical Equipment Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Key Segments:

➥ 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

Regional Analysis 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)

Benefits of the Report:

Chapter 1: Sets the stage by outlining the report's coverage, summarizing key market segments by region, product type, and application. Presents a snapshot of market sizes, growth potential across segments, and anticipated industry evolution both short and long term.

Chapter 2: Highlights pivotal market insights and uncovers the most significant emerging trends driving change within the industry.

Chapter 3: Offers an in-depth look at the competitive landscape among Home Medical Equipment producers, including revenue shares, strategic moves, and recent mergers and acquisitions.

Chapter 4: Presents comprehensive profiles of the market's key players, delving into details such as revenue, profit margins, product portfolios, and company milestones.

Chapters 5 & 6: Analyze Home Medical Equipment revenue at both regional and country levels, providing quantitative breakdowns of market sizes, growth opportunities, and development prospects worldwide.

Chapter 7: Focuses on different market segments by type, examining their individual sizes and potential, guiding readers toward high-impact, untapped market areas.

Chapter 8: Explores segmentation by application, evaluating industry growth potential in various downstream markets and pinpointing promising sectors for expansion.

Chapter 9: Provides a thorough review of the industry's supply chain mapping out both upstream and downstream activities.

Chapter 10: Concludes with a summary of the report's key findings and highlights the most critical takeaways for industry stakeholders.

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FAQ

What is the current size of the Home Medical Equipment Market?

A: In 2024, the Home Medical Equipment Market was valued at US$ 45.35 Billion, reflecting its strong industry presence.

Q2: How large is the Home Medical Equipment Market expected to be by 2033?

A: By 2033, industry forecasts suggest the Home Medical Equipment Market will grow to around US$ 75.82 Billion , demonstrating significant expansion.

Q3: What is the growth rate of the Home Medical Equipment Market?

A: The market is projected to expand at a compound annual growth rate (CAGR) of 6.8% during the forecast period from 2025 to 2033.

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