Home Medical Equipment Market

1. Home Medical Equipment Industry Set to Value $62.89 Billion by 2030

2. Home Medical EquipmentMarket–2023-2030 Meticulous Research®, a leading global market research company, has recently published an in- depth 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." Download Free Sample Report: https://www.meticulousresearch.com/download- samplereport/cp_id=1284?utm_source=pdf&utm_medium=social&utm_campaign=product &u tm_content=28-05-2024 According to this latest publication from Meticulous Research®, the home medical equipment market is projected to reach $62.89 billion by 2030, growing at a CAGR of 6.8% from 2023 to 2030. This growth is driven by the increasing prevalence of chronic diseases, an aging population, technological advancements in home medical equipment, rising healthcare expenditure, and the growing adoption of self-health management practices. Additionally, emerging economies are anticipated to offer significant growth opportunities for the market. However, high costs of medical equipment and the lack of reimbursement for home medical equipment are expected to hinder market growth. 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.), andInogen, Inc. (U.S.). Market Segmentation: The home medical equipment market is segmented by product, distribution channel, and geography. Therapeutic Equipment: Includes Home Respiratory Therapeutics Equipment (CPAP machines, CPAP accessories), Oxygen Delivery Equipment (Oxygen Concentrators, Nasal Cannulas, Nebulizers, Ventilators, Humidifiers), Home IV Equipment (IV Pumps, IV Administration, IV Accessories), Home Dialysis Equipment (Home Peritoneal Dialysis Products, Home Hemodialysis Products), and Patient Monitoring Equipment (Cardiac Monitoring, Blood Glucose Monitoring, Temperature Monitoring, Apnea Monitoring). Page 1 of 3 © Meticulous Research| sales@meticulousresearch.com

3. Home Medical EquipmentMarket–2023-2030 Mobility Assist & Patient Support Equipment: Includes Wheelchairs (Manual and Powered), Walking Assist Devices (Walkers, Rollers, Canes, Crutches), Bathroom Safety Equipment, Mobility Scooters, Medical Furniture & Accessories. Browse in Depth: https://www.meticulousresearch.com/product/home-medicalequipment- market- 1284?utm_source=pdf&utm_medium=social&utm_campaign=product&utm_content=28- 05-2024 In terms of distribution channels, retail medical stores are anticipated to command the largest market share in 2023. The segment's dominance is underpinned by its cost-effective operational model, resulting in competitive pricing of home medical equipment. Geographically, North America is slated to seize the lion's share of the home medical equipment market in 2023. This hegemony can be attributed to several factors, including the robust presence of key market players, escalating chronic disease prevalence, heightened healthcare expenditure, cost-efficiency of home medical equipment, burgeoning preference for home care setups, and the availability of comprehensive coverage options for patients. Market Insights Product Insights: The therapeutic equipment segment is projected to dominate the home medical equipment market in 2023, due to the benefits of therapeutic equipment in home care, such as enhancing patient safety, effectively managing chronic conditions, enabling emergency monitoring, and facilitating self-health management. Distribution Channel Insights: Retail medical stores are expected to hold the largest market share in 2023. The lower operating costs of retail medical stores result in reduced prices for home medical equipment, thereby driving this segment's large market share. Quick Buy: Page 2 of 3 © Meticulous Research| sales@meticulousresearch.com

4. Home Medical EquipmentMarket–2023-2030 https://www.meticulousresearch.com/Checkout/25071940?utm_source=pdf&utm_medi um=social&utm_campaign=product&utm_content=28-05-2024 About Meticulous Research® Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth. Contact Us: Meticulous Research® Email- sales@meticulousresearch.com Contact Sales- +1-646-781-8004 Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research Page 3 of 3 © Meticulous Research| sales@meticulousresearch.com