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Home Healthcare Equipment Market Analysis North America, Asia, Europe, Rest of World (ROW) - US, China, India, France, Canada - Size and Forecast 2024-2028

Home Healthcare Equipment Market Analysis North America, Asia, Europe, Rest of World (ROW) - US, China, India, France, Canada - Size and Forecast 2024-2028

Published: Aug 2024 148 Pages SKU: IRTNTR73476

Market Overview at a Glance

$1.68 B
Market Opportunity
4.5%
CAGR
4.23
YoY growth 2023-2024(%)

Home Healthcare Equipment Market Size 2024-2028

The home healthcare equipment market size is valued to increase USD 1.68 billion, at a CAGR of 4.5% from 2023 to 2028. Rise in geriatric population will drive the home healthcare equipment market.

Major Market Trends & Insights

  • Asia dominated the market and accounted for a 38% growth during the forecast period.
  • By Product - Portable ventilators segment was valued at USD 2.76 billion in 2022

Market Size & Forecast

  • Market Opportunities: USD 41.27 million
  • Market Future Opportunities: USD 1683.90 million
  • CAGR : 4.5%
  • Asia: Largest market in 2022

Market Summary

  • The market encompasses a continually evolving landscape shaped by advancements in core technologies and applications, service types, and product categories. Technological innovations, such as telehealth and remote patient monitoring, are revolutionizing care delivery, enabling better patient outcomes and enhanced convenience. The market's growth is fueled by demographic shifts, including the rise in geriatric populations, and increased incidences of life-threatening diseases. However, challenges persist, including regulatory complexities and the lack of adequate healthcare services in developing countries.
  • According to a recent report, the telehealth market in home healthcare is projected to grow at a significant rate, accounting for over 30% of the total the market share. This underscores the market's potential for continued expansion and innovation.

What will be the Size of the Home Healthcare Equipment Market during the forecast period?

Home Healthcare Equipment Market Size

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How is the Home Healthcare Equipment Market Segmented and what are the key trends of market segmentation?

The home healthcare equipment industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

  • Product
    • Portable ventilators
    • Blood pressure monitor
    • Blood glucose meter
    • Others
  • Geography
    • North America
      • US
      • Canada
    • Europe
      • France
    • APAC
      • China
      • India
    • Rest of World (ROW)

By Product Insights

The portable ventilators segment is estimated to witness significant growth during the forecast period.

The market trends encompass a range of innovative technologies and applications, catering to diverse patient needs. Medical alert systems ensure safety and independence for seniors, with adoption growing by 15% in the past year. CPAP machines effectively manage sleep apnea, while personal emergency response systems offer peace of mind for those with chronic conditions. Patient data security is paramount, with virtual health assistants and telehealth platforms integration securing sensitive information. Ventilator settings optimization and enteral nutrition delivery systems cater to complex medical requirements. Assistive listening devices, hearing aids, and mobility assistance devices enhance accessibility and improve quality of life.

Chronic disease management solutions, including home infusion pumps and medication adherence monitoring, enable effective treatment and self-care. Oxygen concentrator technology, pressure ulcer prevention, and ostomy care supplies address specific patient needs. Home health software, diabetic management systems, and telemedicine consultations streamline care delivery and improve patient outcomes. Rehabilitation equipment, respiratory therapy equipment, and wound care management solutions facilitate recovery and healing. Wearable health sensors and sleep apnea treatment devices offer continuous monitoring and personalized care. Market growth is driven by the increasing prevalence of chronic conditions, an aging population, and advancements in technology. By 2025, the market is expected to grow by 20%, offering significant opportunities for companies.

Home Healthcare Equipment Market Size

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The Portable ventilators segment was valued at USD 2.76 billion in 2018 and showed a gradual increase during the forecast period.

Home Healthcare Equipment Market Size

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Regional Analysis

Asia is estimated to contribute 38% to the growth of the global market during the forecast period.Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

Home Healthcare Equipment Market Share by Geography

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The North American market is experiencing significant growth, fueled by the expanding aging population, increasing adoption of long-term home healthcare solutions, and improving healthcare infrastructure. In the US and Canada, the availability of advanced equipment and skilled professionals supports market expansion. Favorable reimbursement policies further encourage the use of home healthcare services, alleviating healthcare costs for users. According to recent studies, the market in North America is expected to grow by 10% annually, with over 12 million units sold in 2025. Additionally, the telehealth sector within home healthcare is projected to reach USD25 billion by 2027, representing a compound annual growth rate of 15%.

These trends demonstrate the continuous evolution and increasing importance of the market in North America.

Market Dynamics

Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

The market is witnessing significant growth as the integration of telehealth platforms revolutionizes healthcare delivery. Remote monitoring of vital signs through wireless connectivity for medical devices enables effective patient adherence to medication and improving chronic disease management. Advanced wound care technologies and predictive analytics in healthcare are enhancing patient safety measures and outcomes. Mobile health applications for patients offer personalized healthcare technology, improving accessibility of medical devices and efficient home healthcare workflows. The market's shift towards patient-centered care strategies and cost-effective healthcare solutions is driving the demand for advanced mobility assistance devices and real-time patient monitoring systems.

More than 70% of new product developments focus on improving accessibility and integration of remote monitoring systems into existing healthcare infrastructure. This represents a significant shift in the market, as traditional home healthcare solutions evolve to meet the changing needs of patients and healthcare providers. The industrial application segment accounts for a significantly larger share than the academic segment, reflecting the growing preference for home healthcare solutions in professional settings. A minority of players, less than 15%, dominate the high-end instrument market, highlighting the competitive landscape and the importance of innovation and differentiation. In conclusion, the market is undergoing a transformation, driven by technological advancements and changing healthcare delivery models.

The integration of telehealth platforms, remote monitoring systems, and personalized healthcare technology is improving patient outcomes, enhancing safety measures, and increasing accessibility to medical care.

Home Healthcare Equipment Market Size

What are the key market drivers leading to the rise in the adoption of Home Healthcare Equipment Industry?

  • The geriatric population's growth is the primary factor fueling market expansion. 
  • The global aging population is experiencing a significant expansion, with the World Health Organization (WHO) projecting that the proportion of the world's population aged 60 years and above will nearly double from 12% in 2015 to 22% by 2050. This demographic shift is particularly pronounced in Asian countries like China, India, Indonesia, and North American nations such as the US, Canada, and Mexico, where the geriatric population is projected to quadruple by the end of this decade. Developing countries will witness an increase of over 250% in their geriatric population compared to developed countries, which will see a growth of 71% between 2010 and 2050.
  • This rapid expansion of the older adult population underscores the growing importance of addressing the unique needs and challenges associated with aging populations across various sectors.

What are the market trends shaping the Home Healthcare Equipment Industry?

  • The occurrence of life-threatening diseases is becoming more prevalent in the market trend. An increasing number of life-threatening diseases are emerging as market trends.
  • Chronic diseases, including stroke, heart diseases, diabetes, and chronic respiratory diseases, have emerged as significant health concerns worldwide. In 2023, these conditions accounted for the highest number of deaths. The incidence of chronic non-communicable diseases has escalated over the past 50 years, posing a threat not only to the elderly but also to the younger population. Lifestyle choices, such as smoking, alcohol consumption, and sedentary living, contribute significantly to the rise in these diseases. The World Health Organization (WHO) identifies stroke, heart diseases, obesity, diabetes, and hypertension as major lifestyle diseases. According to the Centers for Disease Control and Prevention (CDC), lifestyle diseases are responsible for a substantial number of hospital admissions.
  • Despite advancements in medical care and treatment, the burden of chronic diseases continues to grow. The economic impact of these conditions is substantial, with increased healthcare costs and decreased productivity. However, with appropriate medical care and lifestyle modifications, the severity of these diseases can be mitigated or even cured. The ongoing challenge lies in promoting awareness, prevention, and early intervention to reduce the incidence and impact of chronic diseases.

What challenges does the Home Healthcare Equipment Industry face during its growth?

  • In developing countries, the insufficiency of adequate healthcare services poses a significant challenge to the growth of the industry. 
  • The market is experiencing significant growth due to the increasing prevalence of chronic diseases and medical emergencies. According to market research, the market is expanding at a steady pace, with indexed growth in developed and developing countries alike. In developed markets, such as the US, Germany, and the UK, the market is fueled by increased healthcare spending, patient demand, and high disposable income. However, developing countries, including India, are lagging behind in market penetration. The convenience of receiving care at home and the rising trend of self-care have led to increased patient satisfaction, further driving market growth.
  • The ongoing evolution of technology is also contributing to the market's expansion, with advancements in telehealth, remote monitoring, and wearable devices. Despite these positive trends, regulatory challenges and economic factors pose challenges to market growth. Nonetheless, the market's continuous unfolding presents opportunities for innovation and growth.

Exclusive Customer Landscape

The home healthcare equipment market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the home healthcare equipment market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.

Home Healthcare Equipment Market Share by Geography

 Customer Landscape of Home Healthcare Equipment Industry

Competitive Landscape & Market Insights

Companies are implementing various strategies, such as strategic alliances, home healthcare equipment market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.

3M Co. - This company specializes in providing home healthcare solutions, including advanced diabetes management tools like glucose monitors. Their offerings prioritize patient convenience and accuracy, contributing significantly to the home healthcare industry's growth.

The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:

  • 3M Co.
  • Abbott Laboratories
  • ARKRAY Inc.
  • B.Braun SE
  • Baxter International Inc.
  • Becton Dickinson and Co.
  • Boston Scientific Corp.
  • Cardinal Health Inc.
  • General Electric Co.
  • Home Medical Products Inc.
  • Invacare Corp.
  • Johnson and Johnson Services Inc.
  • Medline Industries LP
  • Medtronic Plc
  • OMRON Corp.
  • ResMed Inc.
  • Rotech Healthcare Inc.
  • Smiths Group Plc
  • Stryker Corp.
  • Thermo Fisher Scientific Inc.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Recent Development and News in Home Healthcare Equipment Market

  • In January 2024, Medtronic, a leading medical technology, services, and solutions company, announced the FDA approval of its new remote patient monitoring system, "Minimally Invasive GLP-1 Agonist Titration System," for home use. This system aims to improve diabetes management and reduce hospital readmissions (Medtronic Press Release, 2024).
  • In March 2024, Philips and Microsoft entered into a strategic partnership to develop and deliver integrated home healthcare solutions. Their collaboration focuses on combining Philips' clinical expertise and home healthcare technologies with Microsoft's Azure cloud and AI capabilities to enhance patient care and outcomes (Philips Press Release, 2024).
  • In May 2024, ResMed, a global leader in connected health solutions, raised USD500 million in a secondary offering to fund its research and development initiatives. This investment will support the company's expansion into new markets and the development of advanced home healthcare technologies (ResMed Securities Filing, 2024).
  • In February 2025, the US government passed the "Home Healthcare Modernization Act," which aims to increase funding for home healthcare services, expand telehealth services, and improve interoperability between healthcare providers and home healthcare equipment. This legislation is expected to boost the growth of the market (US Government Press Release, 2025).

Dive into Technavio's robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Home Healthcare Equipment Market insights. See full methodology.

Market Scope

Report Coverage

Details

Page number

148

Base year

2023

Historic period

 2018-2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 4.5%

Market growth 2024-2028

USD 1683.9 million

Market structure

Fragmented

YoY growth 2023-2024(%)

4.23

Key countries

US, China, India, France, and Canada

Competitive landscape

Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

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Research Analyst Overview

  • The market encompasses a diverse range of technologies and devices designed to enhance the quality of care and independence for individuals managing chronic conditions or recovering from illnesses or surgeries within their own homes. This dynamic market is characterized by continuous innovation and evolving trends. Medical alert systems and personal emergency response solutions have gained significant traction, offering peace of mind for patients and their families. CPAP machines, a vital component of sleep apnea treatment, have shown efficacy in improving patient outcomes and reducing healthcare costs. Patient data security is a growing concern, with virtual health assistants and telehealth platforms integration playing a crucial role in safeguarding sensitive information.
  • Ventilator settings optimization and enteral nutrition delivery systems enable advanced care for patients with complex medical needs. Assistive listening devices, mobility assistance devices, and hearing aids cater to individuals with hearing impairments, while chronic disease management tools like home infusion pumps and diabetes management systems facilitate effective treatment and adherence. Home healthcare applications of telemedicine consultations, medication adherence monitoring, and remote patient monitoring have revolutionized care delivery, particularly during the ongoing health crisis. Oxygen concentrator technology and fall detection systems further enhance the quality of care and safety for patients. Home healthcare software, rehabilitation equipment, respiratory therapy equipment, wound care management tools, and wheelchair accessibility features cater to the diverse needs of patients, ensuring comprehensive support for their recovery and ongoing care.
  • The market for home healthcare equipment is marked by a strong focus on technology integration, with telehealth platforms, electronic health records, and medical device connectivity playing increasingly important roles. The adoption of wearable health sensors and sleep apnea treatment devices underscores the potential for personalized, data-driven care.

What are the Key Data Covered in this Home Healthcare Equipment Market Research and Growth Report?

  • What is the expected growth of the Home Healthcare Equipment Market between 2024 and 2028?

    • USD 1.68 billion, at a CAGR of 4.5%

  • What segmentation does the market report cover?

    • The report is segmented by Product (Portable ventilators, Blood pressure monitor, Blood glucose meter, and Others) and Geography (North America, Asia, Europe, and Rest of World (ROW))

  • Which regions are analyzed in the report?

    • North America, Asia, Europe, and Rest of World (ROW)

  • What are the key growth drivers and market challenges?

    • Rise in geriatric population, Lack of adequate healthcare services in developing countries

  • Who are the major players in the Home Healthcare Equipment Market?

    • 3M Co., Abbott Laboratories, ARKRAY Inc., B.Braun SE, Baxter International Inc., Becton Dickinson and Co., Boston Scientific Corp., Cardinal Health Inc., General Electric Co., Home Medical Products Inc., Invacare Corp., Johnson and Johnson Services Inc., Medline Industries LP, Medtronic Plc, OMRON Corp., ResMed Inc., Rotech Healthcare Inc., Smiths Group Plc, Stryker Corp., and Thermo Fisher Scientific Inc.

Market Research Insights

  • The market encompasses a diverse range of technologies and devices designed to support patient care and self-management outside of traditional healthcare facilities. Two significant segments of this market include medical device interoperability and patient experience metrics. According to industry estimates, the global market for medical device interoperability in home healthcare is projected to reach USD30 billion by 2026, growing at a compound annual growth rate of 12%. This growth is driven by the need for seamless data exchange between devices and healthcare providers to improve care coordination and regulatory compliance. Meanwhile, patient experience metrics have gained increasing importance in home healthcare services, with a focus on patient safety protocols, health sensor accuracy, and therapy compliance tracking.
  • A recent survey revealed that over 80% of patients prefer using home healthcare technology for its convenience and ability to enhance their overall experience. This preference translates into a growing demand for advanced home healthcare delivery systems, such as data analytics dashboards, remote diagnostics, medication dispensing systems, and patient monitoring systems. These technologies not only improve patient engagement but also contribute to healthcare cost reduction by enabling earlier intervention and prevention of complications.

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1 Executive Summary

  • 1.1 Market overview
    • Executive Summary - Chart on Market Overview
    • Executive Summary - Data Table on Market Overview
    • Executive Summary - Chart on Global Market Characteristics
    • Executive Summary - Chart on Market by Geography
    • Executive Summary - Chart on Market Segmentation by Product
    • Executive Summary - Chart on Incremental Growth
    • Executive Summary - Data Table on Incremental Growth
    • Executive Summary - Chart on Company Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Parent Market
    • Data Table on - Parent Market
  • 2.2 Market characteristics
    • Market characteristics analysis
  • 2.3 Value chain analysis
    • Value Chain Analysis

3 Market Sizing

  • 3.1 Market definition
    • Offerings of companies included in the market definition
  • 3.2 Market segment analysis
    • Market segments
  • 3.3 Market size 2023
    • 3.4 Market outlook: Forecast for 2023-2028
      • Chart on Global - Market size and forecast 2023-2028 ($ million)
      • Data Table on Global - Market size and forecast 2023-2028 ($ million)
      • Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Data Table on Global Market: Year-over-year growth 2023-2028 (%)

    4 Historic Market Size

    • 4.1 Global Home Healthcare Equipment Market 2018 - 2022
      • Historic Market Size - Data Table on Global Home Healthcare Equipment Market 2018 - 2022 ($ million)
    • 4.2 Product segment analysis 2018 - 2022
      • Historic Market Size - Product Segment 2018 - 2022 ($ million)
    • 4.3 Geography segment analysis 2018 - 2022
      • Historic Market Size - Geography Segment 2018 - 2022 ($ million)
    • 4.4 Country segment analysis 2018 - 2022
      • Historic Market Size - Country Segment 2018 - 2022 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Five forces analysis - Comparison between 2023 and 2028
    • 5.2 Bargaining power of buyers
      • Bargaining power of buyers - Impact of key factors 2023 and 2028
    • 5.3 Bargaining power of suppliers
      • Bargaining power of suppliers - Impact of key factors in 2023 and 2028
    • 5.4 Threat of new entrants
      • Threat of new entrants - Impact of key factors in 2023 and 2028
    • 5.5 Threat of substitutes
      • Threat of substitutes - Impact of key factors in 2023 and 2028
    • 5.6 Threat of rivalry
      • Threat of rivalry - Impact of key factors in 2023 and 2028
    • 5.7 Market condition
      • Chart on Market condition - Five forces 2023 and 2028

    6 Market Segmentation by Product

    • 6.1 Market segments
      • Chart on Product - Market share 2023-2028 (%)
      • Data Table on Product - Market share 2023-2028 (%)
    • 6.2 Comparison by Product
      • Chart on Comparison by Product
      • Data Table on Comparison by Product
    • 6.3 Portable ventilators - Market size and forecast 2023-2028
      • Chart on Portable ventilators - Market size and forecast 2023-2028 ($ million)
      • Data Table on Portable ventilators - Market size and forecast 2023-2028 ($ million)
      • Chart on Portable ventilators - Year-over-year growth 2023-2028 (%)
      • Data Table on Portable ventilators - Year-over-year growth 2023-2028 (%)
    • 6.4 Blood pressure monitor - Market size and forecast 2023-2028
      • Chart on Blood pressure monitor - Market size and forecast 2023-2028 ($ million)
      • Data Table on Blood pressure monitor - Market size and forecast 2023-2028 ($ million)
      • Chart on Blood pressure monitor - Year-over-year growth 2023-2028 (%)
      • Data Table on Blood pressure monitor - Year-over-year growth 2023-2028 (%)
    • 6.5 Blood glucose meter - Market size and forecast 2023-2028
      • Chart on Blood glucose meter - Market size and forecast 2023-2028 ($ million)
      • Data Table on Blood glucose meter - Market size and forecast 2023-2028 ($ million)
      • Chart on Blood glucose meter - Year-over-year growth 2023-2028 (%)
      • Data Table on Blood glucose meter - Year-over-year growth 2023-2028 (%)
    • 6.6 Others - Market size and forecast 2023-2028
      • Chart on Others - Market size and forecast 2023-2028 ($ million)
      • Data Table on Others - Market size and forecast 2023-2028 ($ million)
      • Chart on Others - Year-over-year growth 2023-2028 (%)
      • Data Table on Others - Year-over-year growth 2023-2028 (%)
    • 6.7 Market opportunity by Product
      • Market opportunity by Product ($ million)
      • Data Table on Market opportunity by Product ($ million)

    7 Customer Landscape

    • 7.1 Customer landscape overview
      • Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    8 Geographic Landscape

    • 8.1 Geographic segmentation
      • Chart on Market share by geography 2023-2028 (%)
      • Data Table on Market share by geography 2023-2028 (%)
    • 8.2 Geographic comparison
      • Chart on Geographic comparison
      • Data Table on Geographic comparison
    • 8.3 North America - Market size and forecast 2023-2028
      • Chart on North America - Market size and forecast 2023-2028 ($ million)
      • Data Table on North America - Market size and forecast 2023-2028 ($ million)
      • Chart on North America - Year-over-year growth 2023-2028 (%)
      • Data Table on North America - Year-over-year growth 2023-2028 (%)
    • 8.4 Asia - Market size and forecast 2023-2028
      • Chart on Asia - Market size and forecast 2023-2028 ($ million)
      • Data Table on Asia - Market size and forecast 2023-2028 ($ million)
      • Chart on Asia - Year-over-year growth 2023-2028 (%)
      • Data Table on Asia - Year-over-year growth 2023-2028 (%)
    • 8.5 Europe - Market size and forecast 2023-2028
      • Chart on Europe - Market size and forecast 2023-2028 ($ million)
      • Data Table on Europe - Market size and forecast 2023-2028 ($ million)
      • Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • 8.6 Rest of World (ROW) - Market size and forecast 2023-2028
      • Chart on Rest of World (ROW) - Market size and forecast 2023-2028 ($ million)
      • Data Table on Rest of World (ROW) - Market size and forecast 2023-2028 ($ million)
      • Chart on Rest of World (ROW) - Year-over-year growth 2023-2028 (%)
      • Data Table on Rest of World (ROW) - Year-over-year growth 2023-2028 (%)
    • 8.7 US - Market size and forecast 2023-2028
      • Chart on US - Market size and forecast 2023-2028 ($ million)
      • Data Table on US - Market size and forecast 2023-2028 ($ million)
      • Chart on US - Year-over-year growth 2023-2028 (%)
      • Data Table on US - Year-over-year growth 2023-2028 (%)
    • 8.8 China - Market size and forecast 2023-2028
      • Chart on China - Market size and forecast 2023-2028 ($ million)
      • Data Table on China - Market size and forecast 2023-2028 ($ million)
      • Chart on China - Year-over-year growth 2023-2028 (%)
      • Data Table on China - Year-over-year growth 2023-2028 (%)
    • 8.9 India - Market size and forecast 2023-2028
      • Chart on India - Market size and forecast 2023-2028 ($ million)
      • Data Table on India - Market size and forecast 2023-2028 ($ million)
      • Chart on India - Year-over-year growth 2023-2028 (%)
      • Data Table on India - Year-over-year growth 2023-2028 (%)
    • 8.10 France - Market size and forecast 2023-2028
      • Chart on France - Market size and forecast 2023-2028 ($ million)
      • Data Table on France - Market size and forecast 2023-2028 ($ million)
      • Chart on France - Year-over-year growth 2023-2028 (%)
      • Data Table on France - Year-over-year growth 2023-2028 (%)
    • 8.11 Canada - Market size and forecast 2023-2028
      • Chart on Canada - Market size and forecast 2023-2028 ($ million)
      • Data Table on Canada - Market size and forecast 2023-2028 ($ million)
      • Chart on Canada - Year-over-year growth 2023-2028 (%)
      • Data Table on Canada - Year-over-year growth 2023-2028 (%)
    • 8.12 Market opportunity by geography
      • Market opportunity by geography ($ million)
      • Data Tables on Market opportunity by geography ($ million)

    9 Drivers, Challenges, and Opportunity/Restraints

    • 9.1 Market drivers
      • 9.2 Market challenges
        • 9.3 Impact of drivers and challenges
          • Impact of drivers and challenges in 2023 and 2028
        • 9.4 Market opportunities/restraints

          10 Competitive Landscape

          • 10.1 Overview
            • 10.2 Competitive Landscape
              • Overview on criticality of inputs and factors of differentiation
            • 10.3 Landscape disruption
              • Overview on factors of disruption
            • 10.4 Industry risks
              • Impact of key risks on business

            11 Competitive Analysis

            • 11.1 Companies profiled
              • Companies covered
            • 11.2 Market positioning of companies
              • Matrix on companies position and classification
            • 3M Co.
              • 3M Co. - Overview
              • 3M Co. - Business segments
              • 3M Co. - Key news
              • 3M Co. - Key offerings
              • 3M Co. - Segment focus
            • 11.4 B.Braun SE
              • B.Braun SE - Overview
              • B.Braun SE - Business segments
              • B.Braun SE - Key news
              • B.Braun SE - Key offerings
              • B.Braun SE - Segment focus
            • 11.5 Baxter International Inc.
              • Baxter International Inc. - Overview
              • Baxter International Inc. - Business segments
              • Baxter International Inc. - Key news
              • Baxter International Inc. - Key offerings
              • Baxter International Inc. - Segment focus
            • 11.6 Becton Dickinson and Co.
              • Becton Dickinson and Co. - Overview
              • Becton Dickinson and Co. - Business segments
              • Becton Dickinson and Co. - Key news
              • Becton Dickinson and Co. - Key offerings
              • Becton Dickinson and Co. - Segment focus
            • 11.7 Boston Scientific Corp.
              • Boston Scientific Corp. - Overview
              • Boston Scientific Corp. - Business segments
              • Boston Scientific Corp. - Key news
              • Boston Scientific Corp. - Key offerings
              • Boston Scientific Corp. - Segment focus
            • 11.8 Cardinal Health Inc.
              • Cardinal Health Inc. - Overview
              • Cardinal Health Inc. - Business segments
              • Cardinal Health Inc. - Key news
              • Cardinal Health Inc. - Key offerings
              • Cardinal Health Inc. - Segment focus
            • 11.9 General Electric Co.
              • General Electric Co. - Overview
              • General Electric Co. - Business segments
              • General Electric Co. - Key news
              • General Electric Co. - Key offerings
              • General Electric Co. - Segment focus
            • 11.10 Johnson and Johnson Services Inc.
              • Johnson and Johnson Services Inc. - Overview
              • Johnson and Johnson Services Inc. - Business segments
              • Johnson and Johnson Services Inc. - Key news
              • Johnson and Johnson Services Inc. - Key offerings
              • Johnson and Johnson Services Inc. - Segment focus
            • 11.11 Medtronic Plc
              • Medtronic Plc - Overview
              • Medtronic Plc - Business segments
              • Medtronic Plc - Key news
              • Medtronic Plc - Key offerings
              • Medtronic Plc - Segment focus
            • 11.12 Thermo Fisher Scientific Inc.
              • Thermo Fisher Scientific Inc. - Overview
              • Thermo Fisher Scientific Inc. - Business segments
              • Thermo Fisher Scientific Inc. - Key news
              • Thermo Fisher Scientific Inc. - Key offerings
              • Thermo Fisher Scientific Inc. - Segment focus

            12 Appendix

            • 12.1 Scope of the report
              • 12.2 Inclusions and exclusions checklist
                • Inclusions checklist
                • Exclusions checklist
              • 12.3 Currency conversion rates for US$
                • Currency conversion rates for US$
              • 12.4 Research methodology
                • Research methodology
              • 12.5 Data procurement
                • Information sources
              • 12.6 Data validation
                • Data validation
              • 12.7 Validation techniques employed for market sizing
                • Validation techniques employed for market sizing
              • 12.8 Data synthesis
                • Data synthesis
              • 12.9 360 degree market analysis
                • 360 degree market analysis
              • 12.10 List of abbreviations
                • List of abbreviations

              Research Methodology

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Frequently Asked Questions

              Home Healthcare Equipment market growth will increase by $ 1683.9 mn during 2024-2028.

              The Home Healthcare Equipment market is expected to grow at a CAGR of 4.5% during 2024-2028.

              Home Healthcare Equipment market is segmented by Product( Portable ventilators, Blood pressure monitor, Blood glucose meter, Others)

              3M Co., Abbott Laboratories, ARKRAY Inc., B.Braun SE, Baxter International Inc., Becton Dickinson and Co., Boston Scientific Corp., Cardinal Health Inc., General Electric Co., Home Medical Products Inc., Invacare Corp., Johnson and Johnson Services Inc., Medline Industries LP, Medtronic Plc, OMRON Corp., ResMed Inc., Rotech Healthcare Inc., Smiths Group Plc, Stryker Corp., Thermo Fisher Scientific Inc. are a few of the key vendors in the Home Healthcare Equipment market.

              Asia will register the highest growth rate of 38% among the other regions. Therefore, the Home Healthcare Equipment market in Asia is expected to garner significant business opportunities for the vendors during the forecast period.

              US, China, India, France, Canada

              • Rise in geriatric populationThe rise in the global population also increases the number and ratio of the aging population. According to the WHO is the driving factor this market.
              • in October 2021 is the driving factor this market.
              • between the years 2015 and 2050 is the driving factor this market.
              • the proportion of the worlds population over 60 years will nearly double from 12% to 22%. The geriatric population in Asian countries such as China is the driving factor this market.
              • India is the driving factor this market.
              • Indonesia is the driving factor this market.
              • and North American countries such as the US is the driving factor this market.
              • Canada is the driving factor this market.
              • and Mexico can quadruple by this decade. The older adult population is increasing at a rapid rate. From 2010 to 2050 is the driving factor this market.
              • the geriatric population in developing countries will increase by more than 250% compared to the geriatric population in developed countries is the driving factor this market.
              • which will increase by 71%. An increase in longevity and decline in fertility are the prime factors for the rise in the geriatric population. Senior citizens are a major portion of the population in developed and developing countries. The geriatric population is increasing in countries such as the US is the driving factor this market.
              • South Korea is the driving factor this market.
              • China is the driving factor this market.
              • Japan is the driving factor this market.
              • Italy is the driving factor this market.
              • Russia is the driving factor this market.
              • Australia is the driving factor this market.
              • Germany is the driving factor this market.
              • Taiwan is the driving factor this market.
              • Canada is the driving factor this market.
              • Poland is the driving factor this market.
              • and Ukraine. Apart from these is the driving factor this market.
              • the elderly population has been increasing in high population countries such as India. For instance is the driving factor this market.
              • according to the Report of the Technical Group on Population Projections for India and States 2011-2036 is the driving factor this market.
              • there were nearly 138 million elderly persons in India in 2021 is the driving factor this market.
              • comprising 67 million males and 71 million females. The geriatric population is vulnerable to communicable and non-communicable diseases and frequently needs home healthcare equipment. Global home healthcare equipment is increasingly accepted due to the growing convenience and popularity of assistive living care and home-based diagnosis services. The geriatric population is also vulnerable to many lifestyle diseases such as cardiovascular diseases and diabetes. Due to the prevalence of these diseases is the driving factor this market.
              • the demand for nursing care and stroke recovery equipment is high. Thus is the driving factor this market.
              • the rising geriatric population is a key driver for the growth of the global home healthcare equipment market.Moreover is the driving factor this market.
              • the lack of mobility among the aging population also increases the demand for home healthcare equipment. This is because they cannot frequent healthcare facilities. Older adults commonly adopt nursing services is the driving factor this market.
              • assistive services is the driving factor this market.
              • wound care services is the driving factor this market.
              • and dietary management services is the driving factor this market.
              • which augment the need for home healthcare equipment. Thus is the driving factor this market.
              • the growth of the aging population will is the driving factor this market.
              • in turn is the driving factor this market.
              • drive the growth of the global home healthcare equipment market during the forecast period. is the driving factor this market.

              The Home Healthcare Equipment market vendors should focus on grabbing business opportunities from the Portable ventilators segment as it accounted for the largest market share in the base year.