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Home Health Care Equipment Trends and Forecast
The future of the global home health care equipment market looks promising with opportunities in the wheelchairs, mobility scooters, and walking assist devices market. The global home health care equipment market is expected to reach an estimated $56.89 billion by 2030 with a CAGR of 7.1% from 2024 to 2030. The major drivers for this market are technological advancements in home care medical equipment such as smaller size, portability and ease to access and increase in incidence of chronic diseases.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Home Health Care Equipment by Segment
The study includes a forecast for the global home health care equipment by functionality, mobility assist & patient support equipment, patient monitoring equipment, and region.
Home Health Care Equipment Market by Functionality [Shipment Analysis by Value from 2018 to 2030]:
• Therapeutic Equipment
• Home Respiratory Therapy Equipment
• Home IV Equipment
• Home Dialysis Equipment
• Others
Home Health Care Equipment Market by Mobility Assist & Patient Support Equipment [Shipment Analysis by Value from 2018 to 2030]:
• Wheelchairs
• Mobility Scooters
• Walking Assist Devices
Home Health Care Equipment Market by Patient Monitoring Equipment [Shipment Analysis by Value from 2018 to 2030]:
• Blood Glucose Monitors
• Blood Pressure Monitors
• Holter Monitors
• Peak Flow Meters
• Apnea Monitors
• Heart Rate Monitors
• Baby Monitors
• Electronic Thermometers
• Coagulation Monitors
Home Health Care Equipment Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Home Health Care Equipment Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies home health care equipment companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the home health care equipment companies profiled in this report include-
• Abbott Laboratories
• Arkray
• B. Braun Melsungen
• Baxter International
• Caire
• Inogen
• Invacare
• Koninklijke Philips
• Medline Industries
• Medtronic
Home Health Care Equipment Market Insights
Lucintel forecasts that therapeutic equipment is expected to witness highest growth over the forecast period due to increased usage of therapeutic products for home care such as home respiratory therapy products and ventilators.
Within this market, wheelchairs will remain the largest segment due to highest usage by people of all ages with a variety of disabilities, including mobility impairments, spinal cord injuries, and neuromuscular disorders.
North America is expected to witness highest growth over the forecast period due to high surge in chronic diseasesuch as asthma, diabetes, high blood pressure, and others in this region.
Features of the Global Home Health Care Equipment Market
Market Size Estimates: Home health care equipment market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Home health care equipment market size by functionality, mobility assist & patient support equipment, patient monitoring equipment, and region in terms of value ($B).
Regional Analysis: Home health care equipment market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different functionality, mobility assist & patient support equipment, patient monitoring equipment, and regions for the home health care equipment market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the home health care equipment market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q.1 What is the home health care equipment market size?
Answer: The global home health care equipment market is expected to reach an estimated $56.89 billion by 2030.
Q.2 What is the growth forecast for home health care equipment market?
Answer: The global home health care equipment market is expected to grow with a CAGR of 7.1% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the home health care equipment market?
Answer: The major drivers for this market are technological advancements in home care medical equipment such as smaller size, portability and ease to access and increase in incidence of chronic diseases.
Q4. What are the major segments for home health care equipment market?
Answer: The future of the home health care equipment market looks promising with opportunities in the wheelchairs, mobility scooters, and walking assist devices markets.
Q5. Who are the key home health care equipment market companies?
Answer: Some of the key home health care equipment companies are as follows:
• Abbott Laboratories
• Arkray
• B. Braun Melsungen
• Baxter International
• Caire
• Inogen
• Invacare
• Koninklijke Philips
• Medline Industries
• Medtronic
Q6. Which home health care equipment market segment will be the largest in future?
Answer: Lucintel forecasts that therapeutic equipment is expected to witness highest growth over the forecast period due to increased usage of therapeutic products for home care such as home respiratory therapy products and ventilators.
Q7. In home health care equipment market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness highest growth over the forecast period due to high surge in chronic diseasesuch as asthma, diabetes, high blood pressure, and others in this region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the home health care equipment market by functionality (therapeutic equipment, home respiratory therapy equipment, home iv equipment, home dialysis equipment, and others), mobility assist & patient support equipment (wheelchairs, mobility scooters, and walking assist devices), patient monitoring equipment (blood glucose monitors, blood pressure monitors, holter monitors, peak flow meters, apnea monitors, heart rate monitors, baby monitors, electronic thermometers, and coagulation monitors), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Home Health Care Equipment Market, Home Health Care Equipment Market Size, Home Health Care Equipment Market Growth, Home Health Care Equipment Market Analysis, Home Health Care Equipment Market Report, Home Health Care Equipment Market Share, Home Health Care Equipment Market Trends, Home Health Care Equipment Market Forecast, Home Health Care Equipment Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Home Health Care Equipment Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Home Health Care Equipment Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Home Health Care Equipment Market by Functionality
3.3.1: Therapeutic Equipment
3.3.2: Home Respiratory Therapy Equipment
3.3.3: Home IV Equipment
3.3.4: Home Dialysis Equipment
3.3.5: Others
3.4: Global Home Health Care Equipment Market by Mobility Assist & Patient Support Equipment
3.4.1: Wheelchairs
3.4.2: Mobility Scooters
3.4.3: Walking Assist Devices
3.5: Global Home Health Care Equipment Market by Patient Monitoring Equipment
3.5.1: Blood Glucose Monitors
3.5.2: Blood Pressure Monitors
3.5.3: Holter Monitors
3.5.4: Peak Flow Meters
3.5.5: Apnea Monitors
3.5.6: Heart Rate Monitors
3.5.7: Baby Monitors
3.5.8: Electronic Thermometers
3.5.9: Coagulation Monitors
3.6: Global Home Health Care Equipment Market by
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Home Health Care Equipment Market by Region
4.2: North American Home Health Care Equipment Market
4.2.2: North American Home Health Care Equipment Market by Mobility Assist & Patient Support Equipment: Wheelchairs, Mobility Scooters, and Walking Assist Devices
4.3: European Home Health Care Equipment Market
4.3.1: European Home Health Care Equipment Market by Functionality: Therapeutic Equipment, Home Respiratory Therapy Equipment, Home IV Equipment, Home Dialysis Equipment, and Others
4.3.2: European Home Health Care Equipment Market by Mobility Assist & Patient Support Equipment: Wheelchairs, Mobility Scooters, and Walking Assist Devices
4.4: APAC Home Health Care Equipment Market
4.4.1: APAC Home Health Care Equipment Market by Functionality: Therapeutic Equipment, Home Respiratory Therapy Equipment, Home IV Equipment, Home Dialysis Equipment, and Others
4.4.2: APAC Home Health Care Equipment Market by Mobility Assist & Patient Support Equipment: Wheelchairs, Mobility Scooters, and Walking Assist Devices
4.5: ROW Home Health Care Equipment Market
4.5.1: ROW Home Health Care Equipment Market by Functionality: Therapeutic Equipment, Home Respiratory Therapy Equipment, Home IV Equipment, Home Dialysis Equipment, and Others
4.5.2: ROW Home Health Care Equipment Market by Mobility Assist & Patient Support Equipment: Wheelchairs, Mobility Scooters, and Walking Assist Devices
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Home Health Care Equipment Market by Functionality
6.1.2: Growth Opportunities for the Global Home Health Care Equipment Market by Mobility Assist & Patient Support Equipment
6.1.3: Growth Opportunities for the Global Home Health Care Equipment Market by Patient Monitoring Equipment
6.1.4: Growth Opportunities for the Global Home Health Care Equipment Market by Region
6.2: Emerging Trends in the Global Home Health Care Equipment Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Home Health Care Equipment Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Home Health Care Equipment Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Abbott Laboratories
7.2: Arkray
7.3: B. Braun Melsungen
7.4: Baxter International
7.5: Caire
7.6: Inogen
7.7: Invacare
7.8: Koninklijke Philips
7.9: Medline Industries
7.10: Medtronic
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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