Home Medical Equipment Market Set to Reach $62.89 Billion by 2030

Meticulous Research®, a pioneering name in market research, has released an exhaustive report titled "Home Medical Equipment Market by Product (Therapeutic [CPAP, Nebulizer, Ventilator, Dialysis, IV Equipment], Monitoring [Cardiac, Glucose, Temperature, Apnea], Mobility Assist [Walker, Wheelchair, Scooter]) Distribution Channel – Global Forecast to 2030." This insightful publication projects the home medical equipment market to soar to $62.89 billion by the year 2030, boasting a notable CAGR of 6.8% from 2023 to 2030.
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The report underscores various factors fueling the market's growth trajectory, including the escalating prevalence of chronic diseases, a burgeoning geriatric population, technological advancements in home medical equipment, amplified healthcare expenditure, and the burgeoning adoption of self-health management practices. Moreover, emerging economies are primed to present substantial growth avenues. However, challenges such as the exorbitant costs of medical equipment and the absence of reimbursement for home medical equipment are anticipated to impede market expansion.
Key Players:
The report features an in-depth analysis of key players in the home medical equipment market, including but not limited to Abbott Laboratories (U.S.), Amedisys, Inc (U.S.), Baxter Healthcare (U.S.), Convatec (U.K.), Fisher & Paykel Healthcare (New Zealand), Fresenius Medical Care AG & Co. KGaA (Germany), Becton, Dickinson and Company (U.S.), GE HealthCare (U.S.), Invacare Corporation (U.S.), Medtronic (Ireland), Hill-Rom Holdings, Inc. (U.S.), Smith & Nephew plc (U.K.), and Inogen, Inc. (U.S.).