Towards Healthcare
Home Medical Equipment Market to Drive USD 48.34 Bn by 2034

Home Medical Equipment Market Rising in 2025 with Wearables Adoption

According to market projections, the global home medical equipment market, valued at USD 26.4 billion in 2024, is anticipated to reach USD 48.34 billion by 2034, growing at a CAGR of 6.24% over the next decade. The home medical appliances are in high demand due to the emerging need for managing chronic illnesses and delivering post-operative care. North America dominated the market in 2024, owing to the patient preferences for home-based care and integration of smart technologies into healthcare.

  • Insight Code: 6186
  • No. of Pages: 150+
  • Format: PDF/PPT/Excel
  • Published: September 2025
  • Report Covered: [Revenue + Volume]
  • Historical Year: 2021-2022
  • Base Year: 2023
  • Estimated Years: 2024-2033

About The Author

Shivani Zoting is a dedicated research analyst specializing in the healthcare industry. With a strong academic foundation, a B.Sc. in Biotechnology and an MBA in Pharmabiotechnology, she brings a unique blend of scientific understanding and market strategy to her research.

Shivani contributes to Towards Healthcare and plays an active role at Precedence Research, where she focuses on delivering in-depth market intelligence, competitive analysis, and trend forecasting across pharmaceuticals, medical devices, digital health, and healthcare services. Her insights support healthcare companies, investors, and policymakers in making data-backed decisions in a highly regulated and rapidly evolving sector.

Additionally, Shivani collaborates with Statifacts, further expanding her healthcare domain reach by engaging in diverse projects across global markets. Her strength lies in transforming complex clinical and commercial data into strategic narratives that help stakeholders navigate the future of healthcare.

FAQ's

The home medical equipment market stands at USD 28.04 billion in 2025 and is expected to reach USD 48.34 billion by 2034, growing at a CAGR of 6.24% from 2024 to 2034.

North America is currently leading the home medical equipment market due to a shift towards home healthcare and integrated smart technologies.

The home medical equipment market includes five segments such as product type, component, end-user, distribution channel, and region.

Some key players include GE Healthcare, Philips Healthcare, Abbott Laboratories, and Hill-Rom Holdings Inc.

FDA, WHO, AHA, MeDevIS, CAN Health Network, APACMed.