U.S. Home Medical Equipment Market
Description
The U.S. home medical equipment market was valued at $25,097.91 million in 2023 and is estimated to reach $48,504.12 million by 2035, exhibiting a CAGR of 5.6% from 2024 to 2035.
The U.S. home medical market includes healthcare services, support, and equipment delivered directly to patients in their residences, enabling them to manage medical conditions, recover from illnesses, or maintain overall health in a comfortable and familiar environment. These services include nursing care, physical therapy, chronic disease management, and post-acute care, providing professional assistance without requiring hospitalization.
An essential component of home medical care is home medical equipment (HME), which consists of devices and supplies designed to facilitate treatment, enhance mobility, and monitor health conditions. Common examples include oxygen concentrators, hospital beds, nebulizers, mobility aids, and others. By enabling effective care delivery at home, HME reduces hospital visits, promotes independence, and contributes to improved quality of life. Together, professional healthcare services and HME create a comprehensive, patient-centric approach to home-based care, ensuring safety, enhancing outcomes, and fostering overall well-being.
Furthermore, durable medical equipment (DME), a subset of HME, includes long-lasting, reusable devices essential for patients' medical care at home. These items are designed to withstand repeated use and are typically prescribed by healthcare providers for therapeutic or daily living assistance. Examples of DME include CPAP devices, wheelchairs, walkers, crutches, ventilators, and commodes. DME enhances patient comfort, aids in mobility, and supports recovery or chronic condition management. By facilitating independent living and reducing dependency on hospital care, DME plays a vital role in effective home healthcare. The U.S. home medical equipment market is experiencing robust growth due to increasing disability rates, supportive policies, and technological advancements. Disabilities caused by chronic conditions, accidents, or aging-related issues are on the rise, necessitating the use of home medical devices like wheelchairs, mobility aids, and respiratory equipment to enhance the quality of life for affected individuals. As disability rates increase, the demand for durable and effective home medical equipment grows, creating significant opportunities for market expansion.
Supportive policies further bolster the market growth. Programs such as Medicare Part B provide crucial financial assistance for durable medical equipment, deemed medically necessary by healthcare practitioners. The Medicare Part B, includes coverage for equipment rental or purchase, ensuring that individuals have access to the tools they need for effective home-based care. While patients may bear 20% of the equipment's cost unless covered by supplemental insurance, the financial burden is significantly reduced, encouraging the adoption of HME. This policy-driven accessibility is a critical factor in expanding the market.
In addition, technological advancements play a vital role in driving the market growth. Innovations in HME, such as remote patient monitoring systems, portable oxygen concentrators, and smart mobility aids, are revolutionizing home-based care. These advancements improve device functionality, patient convenience, and healthcare outcomes, making home medical equipment increasingly attractive to patients and providers. Thus, rise in disability rates, favorable policies, and technological progress are fueling the expansion of the U.S. home medical equipment market, meeting the growing demand for accessible and advanced healthcare solutions.
The U.S. home medical equipment market is segmented on the basis of type, and distribution channel. By type, the market is divided into durable medical equipment, and other home medical equipment. The durable medical equipment segment is further classified into therapeutic equipment, mobility assist & patient support equipment, medical furniture, and bathroom safety equipment. The therapeutic equipment segment is further classified into home respiratory therapy equipment, home IV equipment, home physical therapy equipment, home negative pressure wound therapy devices, and home braces and related products. By mobility assists & patient support equipment, the market is segregated into wheelchairs, mobility scooters, and walking assist devices. By medical furniture, the market is segregated into lift chairs, medical beds, stairs lifts, and medical furniture accessories. By bathroom safety equipment, the market is segregated into grab bars, shower chairs, elevated toilet seats, commodes, tub rails, and toilet safety frames. The other home medical equipment segment is further classified into patient monitoring equipment, personal care, and other therapeutic equipment. On the basis of distribution channel, it is bifurcated into online channel, and offline channel.
Major key players that operate in the U.S. home medical equipment market are AdaptHealth, LLC, Linde PLC, Owens & Minor Inc, Rotech Healthcare, Carelinc Medical Equipment, Medcare Equipment Company, LLC, Advent Home Medical, Quipt Home Medical Corp, Tactical Rehabilitation, and Viemed Healthcare, Inc. Key players operating in the market have adopted various strategies such as launch, contract, partnership, acquisition, and agreement as their key strategy to expand their type portfolio.The research methodology of the global market involves extensive primary and secondary research. Primary research includes about over 12 hours of interviews and discussion with a wide range of stakeholders, including upstream and downstream participants. The primary research typically is the bulk of our research efforts; however, coherently supported by extensive secondary research. Researchers have reviewed over 6,765 product literatures, industry releases, annual reports, and other such documents of key industry participants to obtain better market understanding and gain competitive intelligence. In addition, authentic industry journals, trade associations' releases,and government websites have also been reviewed for generating high-value industry insights.
The U.S. home medical market includes healthcare services, support, and equipment delivered directly to patients in their residences, enabling them to manage medical conditions, recover from illnesses, or maintain overall health in a comfortable and familiar environment. These services include nursing care, physical therapy, chronic disease management, and post-acute care, providing professional assistance without requiring hospitalization.
An essential component of home medical care is home medical equipment (HME), which consists of devices and supplies designed to facilitate treatment, enhance mobility, and monitor health conditions. Common examples include oxygen concentrators, hospital beds, nebulizers, mobility aids, and others. By enabling effective care delivery at home, HME reduces hospital visits, promotes independence, and contributes to improved quality of life. Together, professional healthcare services and HME create a comprehensive, patient-centric approach to home-based care, ensuring safety, enhancing outcomes, and fostering overall well-being.
Furthermore, durable medical equipment (DME), a subset of HME, includes long-lasting, reusable devices essential for patients' medical care at home. These items are designed to withstand repeated use and are typically prescribed by healthcare providers for therapeutic or daily living assistance. Examples of DME include CPAP devices, wheelchairs, walkers, crutches, ventilators, and commodes. DME enhances patient comfort, aids in mobility, and supports recovery or chronic condition management. By facilitating independent living and reducing dependency on hospital care, DME plays a vital role in effective home healthcare. The U.S. home medical equipment market is experiencing robust growth due to increasing disability rates, supportive policies, and technological advancements. Disabilities caused by chronic conditions, accidents, or aging-related issues are on the rise, necessitating the use of home medical devices like wheelchairs, mobility aids, and respiratory equipment to enhance the quality of life for affected individuals. As disability rates increase, the demand for durable and effective home medical equipment grows, creating significant opportunities for market expansion.
Supportive policies further bolster the market growth. Programs such as Medicare Part B provide crucial financial assistance for durable medical equipment, deemed medically necessary by healthcare practitioners. The Medicare Part B, includes coverage for equipment rental or purchase, ensuring that individuals have access to the tools they need for effective home-based care. While patients may bear 20% of the equipment's cost unless covered by supplemental insurance, the financial burden is significantly reduced, encouraging the adoption of HME. This policy-driven accessibility is a critical factor in expanding the market.
In addition, technological advancements play a vital role in driving the market growth. Innovations in HME, such as remote patient monitoring systems, portable oxygen concentrators, and smart mobility aids, are revolutionizing home-based care. These advancements improve device functionality, patient convenience, and healthcare outcomes, making home medical equipment increasingly attractive to patients and providers. Thus, rise in disability rates, favorable policies, and technological progress are fueling the expansion of the U.S. home medical equipment market, meeting the growing demand for accessible and advanced healthcare solutions.
The U.S. home medical equipment market is segmented on the basis of type, and distribution channel. By type, the market is divided into durable medical equipment, and other home medical equipment. The durable medical equipment segment is further classified into therapeutic equipment, mobility assist & patient support equipment, medical furniture, and bathroom safety equipment. The therapeutic equipment segment is further classified into home respiratory therapy equipment, home IV equipment, home physical therapy equipment, home negative pressure wound therapy devices, and home braces and related products. By mobility assists & patient support equipment, the market is segregated into wheelchairs, mobility scooters, and walking assist devices. By medical furniture, the market is segregated into lift chairs, medical beds, stairs lifts, and medical furniture accessories. By bathroom safety equipment, the market is segregated into grab bars, shower chairs, elevated toilet seats, commodes, tub rails, and toilet safety frames. The other home medical equipment segment is further classified into patient monitoring equipment, personal care, and other therapeutic equipment. On the basis of distribution channel, it is bifurcated into online channel, and offline channel.
Major key players that operate in the U.S. home medical equipment market are AdaptHealth, LLC, Linde PLC, Owens & Minor Inc, Rotech Healthcare, Carelinc Medical Equipment, Medcare Equipment Company, LLC, Advent Home Medical, Quipt Home Medical Corp, Tactical Rehabilitation, and Viemed Healthcare, Inc. Key players operating in the market have adopted various strategies such as launch, contract, partnership, acquisition, and agreement as their key strategy to expand their type portfolio.The research methodology of the global market involves extensive primary and secondary research. Primary research includes about over 12 hours of interviews and discussion with a wide range of stakeholders, including upstream and downstream participants. The primary research typically is the bulk of our research efforts; however, coherently supported by extensive secondary research. Researchers have reviewed over 6,765 product literatures, industry releases, annual reports, and other such documents of key industry participants to obtain better market understanding and gain competitive intelligence. In addition, authentic industry journals, trade associations' releases,and government websites have also been reviewed for generating high-value industry insights.
Table of Contents
184 Pages
- Chapter 1: Introduction
- 1.1. Report description
- 1.2. Key benefits for stakeholders
- 1.3. Key market segments
- 1.4. Key market players profiled in the report
- 1.5. Research methodology
- 1.5.1. Secondary research
- 1.5.2. Primary research
- 1.5.3. Analyst tools and models
- Chapter 2: Executive summary
- 2.1. Key findings of the study
- 2.2. CXO perspective
- Chapter 3: Market overview
- 3.1. Market definition and scope
- 3.2. Key findings
- 3.2.1. Top investment pockets
- 3.3. Porter’s five forces analysis
- 3.4. Market dynamics
- 3.4.1. Drivers
- 3.4.1.1. Rise in prevalence of chronic diseases
- 3.4.1.2. Rise in geriatric population
- 3.4.1.3. Technological advancements in home medical equipment
- 3.4.2. Restraint
- 3.4.2.1. High Initial Investment and Cost
- 3.4.3. Opportunity
- 3.4.3.1. Rise in demand for home medical equipment
- 3.4.4. Impact analysis
- 3.5. GLP-1 impact on future CPAP market
- Chapter 4: U.S. Home Medical Equipment market, By Type
- 4.1. Overview
- 4.1.1. Market size and forecast
- 4.2. Durable medical equipment
- 4.2.1. Key market trends, growth factors, and opportunities
- 4.2.1.1. Market size and forecast, by type
- 4.2.1.2. Therapeutic Equipment
- 4.2.1.2.1. Market size and forecast, by type
- 4.2.1.2.2. Home respiratory therapy equipment
- 4.2.1.2.2.1. Market size and forecast
- 4.2.1.2.3. Home IV equipment
- 4.2.1.2.3.1. Market size and forecast
- 4.2.1.2.4. Home physical therapy equipment
- 4.2.1.2.4.1. Market size and forecast
- 4.2.1.2.5. Home negative pressure wound therapy devices
- 4.2.1.2.5.1. Market size and forecast
- 4.2.1.2.6. Home braces & related products
- 4.2.1.2.6.1. Market size and forecast
- 4.2.1.3. Mobility Assist And Patient Support Equipment
- 4.2.1.3.1. Market size and forecast, by type
- 4.2.1.3.2. Wheelchairs
- 4.2.1.3.2.1. Market size and forecast
- 4.2.1.3.3. Mobility scooters
- 4.2.1.3.3.1. Market size and forecast
- 4.2.1.3.4. Walking assist device
- 4.2.1.3.4.1. Market size and forecast
- 4.2.1.4. Medical furniture
- 4.2.1.4.1. Market size and forecast, by type
- 4.2.1.4.2. Lift chairs
- 4.2.1.4.2.1. Market size and forecast
- 4.2.1.4.3. Medical beds
- 4.2.1.4.3.1. Market size and forecast
- 4.2.1.4.4. Stairs lifts
- 4.2.1.4.4.1. Market size and forecast
- 4.2.1.4.5. Medical furniture accessories
- 4.2.1.4.5.1. Market size and forecast
- 4.2.1.5. Bathroom safety equipment
- 4.2.1.5.1. Market size and forecast, by type
- 4.2.1.5.2. Grab Bars
- 4.2.1.5.2.1. Market size and forecast
- 4.2.1.5.3. Shower chairs
- 4.2.1.5.3.1. Market size and forecast
- 4.2.1.5.4. Elevated toilets seats
- 4.2.1.5.4.1. Market size and forecast
- 4.2.1.5.5. Commodes
- 4.2.1.5.5.1. Market size and forecast
- 4.2.1.5.6. Tub rails
- 4.2.1.5.6.1. Market size and forecast
- 4.2.1.5.7. Toilet safety frames
- 4.2.1.5.7.1. Market size and forecast
- 4.3. Other home therapeutic equipment
- 4.3.1. Key market trends, growth factors, and opportunities
- 4.3.1.1. Market size and forecast, by type
- 4.3.1.2. Patient monitoring equipment
- 4.3.1.2.1. Market size and forecast
- 4.3.1.3. Personal care
- 4.3.1.3.1. Market size and forecast
- 4.3.1.4. Other therapeutic equipment
- 4.3.1.4.1. Market size and forecast
- Chapter 5: U.s. Home medical equipment Market, by DISTRIBUTION CHANNEL
- 5.1. Overview
- 5.1.1. Market size and forecast
- 5.2. Online channel
- 5.2.1. Key market trends, growth factors, and opportunities
- 5.2.2. Market size and forecast
- 5.3. Offline channel
- 5.3.1. Key market trends, growth factors, and opportunities
- 5.3.2. Market size and forecast
- Chapter 6: Competition Landscape
- 6.1. Top winning strategies
- 6.2. Competitive dashboard
- 6.3. Competitive heatmap
- 6.4. Product Mapping
- 6.5. Key developments
- 6.5.1. Acquisition
- 6.5.2. Contract
- 6.5.3. Agreement
- 6.5.4. Partnership
- 6.5.5. Launch
- 6.6. Top player positioning
- Chapter 7: COMPANY PROFILES
- 7.1. ADAPTHEALTH, LLC
- 7.1.1. Company overview
- 7.1.2. Key executives
- 7.1.3. Company snapshot
- 7.1.4. Operating business segments
- 7.1.5. Product Portfolio
- 7.1.6. Business Performance
- 7.1.7. Key strategic moves and developments
- 7.2. LINDE PLC
- 7.2.1. Company overview
- 7.2.2. Key executives
- 7.2.3. Company snapshot
- 7.2.4. Operating business segments
- 7.2.5. Product Portfolio
- 7.2.6. Business Performance
- 7.2.7. Key strategic moves and developments
- 7.3. OWENS & MINOR, INC.
- 7.3.1. Company overview
- 7.3.2. Key executives
- 7.3.3. Company snapshot
- 7.3.4. Operating business segments
- 7.3.5. Product Portfolio
- 7.3.6. Business Performance
- 7.3.7. Key strategic moves and developments
- 7.4. CARELINC MEDICAL EQUIPMENT
- 7.4.1. Company overview
- 7.4.2. Key executives
- 7.4.3. Company snapshot
- 7.4.4. Operating business segments
- 7.4.5. Product Portfolio
- 7.5. MEDCARE EQUIPMENT COMPANY, LLC
- 7.5.1. Company overview
- 7.5.2. Key executives
- 7.5.3. Company snapshot
- 7.5.4. Operating business segments
- 7.5.5. Product Portfolio
- 7.6. ADVENT HOME MEDICAL
- 7.6.1. Company overview
- 7.6.2. Key executives
- 7.6.3. Company snapshot
- 7.6.4. Operating business segments
- 7.6.5. Product Portfolio
- 7.7. TACTICAL REHABILITATION
- 7.7.1. Company overview
- 7.7.2. Key executives
- 7.7.3. Company snapshot
- 7.7.4. Operating business segments
- 7.7.5. Product Portfolio
- 7.8. VIEMED HEALTHCARE, INC.
- 7.8.1. Company overview
- 7.8.2. Key executives
- 7.8.3. Company snapshot
- 7.8.4. Operating business segments
- 7.8.5. Product Portfolio
- 7.8.6. Business Performance
- 7.9. QUIPT HOME MEDICAL, CORP
- 7.9.1. Company overview
- 7.9.2. Key executives
- 7.9.3. Company snapshot
- 7.9.4. Operating business segments
- 7.9.5. Product Portfolio
- 7.9.6. Business Performance
- 7.9.7. Key strategic moves and developments
- 7.10. ROTECH HEALTHCARE INC.
- 7.10.1. Company overview
- 7.10.2. Key executives
- 7.10.3. Company snapshot
- 7.10.4. Operating business segments
- 7.10.5. Product Portfolio
- 7.10.6. Key strategic moves and developments
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