The Home Medical Equipment (HME) Devices Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Home Medical Equipment (HME) Devices Market?
The market size for Home Medical Equipment (HME) Devices was $38.81 billion in 2024. This is expected to increase to $40.20 billion in 2025, showing a CAGR of 9.2%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Home Medical Equipment (HME) Devices Industry?
The global market for home medical equipment (HME) devices is projected to reach $56.79 billion in 2029, growing at a compound annual growth rate (CAGR) of 9.0%.
Download Your Free Sample of the 2025 Home Medical Equipment (HME) Devices Market Report and Uncover Key Trends Now!
What are the Key Growth Drivers Fueling the Home Medical Equipment (HME) Devices Market?
The key drivers in the home medical equipment (hme) devices market are:
• Rising demand for telehealth services
• Increasing need for remote patient monitoring
• Technological advancements in wearable medical devices
• Focus on reducing hospital readmissions and investment in home healthcare infrastructure.
Global Market Segmentation: Identifying Major Home Medical Equipment (HME) Devices Industry Segments
The home medical equipment (HME) devices market covered in this report is segmented –
1) By Product Type: Oxygen Equipment, Mobility Assistive Devices, Respiratory Therapy Equipment, Other Products
2) By Application: Home Healthcare, Long-term Care, Other Applications
3) By Distribution Channel: Online Retail, Hospital Pharmacies, Retail Pharmacies, Other Distribution Channels
4) By End-User: Adults, Pediatric, Geriatric
Pre-order the 2025 Home Medical Equipment (HME) Devices Global Market Report for Fast Delivery & Comprehensive Insights!
What are the Emerging Trends Shaping the Future of the Home Medical Equipment (HME) Devices Market?
The key trends in the home medical equipment (hme) devices market are:
• Increasing integration of telehealth services is a prominent trend.
• Rising demand for remote patient monitoring is shaping the market.
• Continuous advancements in wearable medical technology are also emerging.
• There's a growing focus on reducing hospital readmissions, indicating a rise in home healthcare.
Who Are the Top Competitors & Leading Players in the Home Medical Equipment (HME) Devices Market?
Major players in the home medical equipment (hme) devices market are:
• Cardinal Health Inc.
• Abbott Laboratories
• Medtronic plc
• 3M Health Care
• Medline Industries Inc.
• Fresenius Medical Care AG & Co. KGaA
• Becton Dickinson and Company
• Koninklijke Philips N.V.
• Stryker Corporation
• GE HealthCare
• Baxter International Inc.
• Smith & Nephew
• ResMed Inc.
• Fisher and Paykel Healthcare Corporation Limited
• Rotech Healthcare Inc.
• Invacare Corporation
• Sunrise Medical LLC
• Hollister Incorporated
• B. Braun SE
• Omron Healthcare Inc.
• Nidek Medical Products Inc.
Regional Dominance: Which Area Leads the Global Home Medical Equipment (HME) Devices Market?
North America was the largest region in the home medical equipment (HME) devices market in 2024
