Home Medical Equipment (HME) Devices Market Report 2026

Home Medical Equipment (HME) Devices Market Overview

• Home Medical Equipment (HME) Devices market size has reached to $39.9 billion in 2025 • Expected to grow to $61.05 billion in 2030 at a compound annual growth rate (CAGR) of 8.9% • Growth Driver: The Shift Towards Remote Patient Monitoring Is Fueling The Market Due To Advancements In Wearable Technology And Enhanced Care Accessibility • Market Trend: Advancements In Wearable Health Monitoring Devices Revolutionizing Continuous Health Tracking And Glucose Monitoring • North America was the largest region in 2025 and Asia-Pacific is the fastest growing region.

What Is Covered Under Home Medical Equipment (HME) Devices Market?

Home medical equipment (HME) devices refer to medical products that patients at home use under professional supervision or personal care. These devices help patients maintain their health, manage medical conditions, and support recovery without frequent hospital visits. Home medical equipment devices are built for safe, effective use in a home setting and are often prescribed by healthcare providers. Their use promotes patient independence and comfort while reducing the need for prolonged hospital stays. The main types of products in the home medical equipment (HME) devices market are oxygen equipment, mobility assistive devices, respiratory therapy equipment, and others. Oxygen equipment refers to medical devices that provide patients with supplemental oxygen when they are unable to get enough naturally through normal breathing. The various applications include home healthcare, long-term care, and others, and several distribution channels including online retail, hospital pharmacies, retail pharmacies, and others. The different end-users encompass adults, pediatric, and geriatric.

What Is The Home Medical Equipment (HME) Devices Market Growth Forecast?

The home medical equipment (hme) devices market size is expected to see strong growth in the next few years. It will grow to $61.05 billion in 2030 at a compound annual growth rate (CAGR) of 8.9%. The growth in the forecast period can be attributed to increasing investments in digital health technologies, rising demand for home-based care models, expansion of telehealth integration with hme devices, growing focus on preventive healthcare, increasing adoption of smart medical equipment. Major trends in the forecast period include increasing adoption of remote patient monitoring devices, growing demand for portable and user-friendly equipment, expansion of connected home healthcare solutions, rising integration of ai-enabled diagnostic features, enhanced focus on patient comfort and independence.

What Is The Driver Of The Home Medical Equipment (HME) Devices Market?

The shift towards remote patient monitoring is expected to propel the growth of the home medical equipment devices market in the future. Remote Patient Monitoring (RPM) refers to using technology to monitor a patient’s health and medical conditions from a distance, typically outside a traditional healthcare setting. It involves using devices such as wearable sensors, mobile apps, or other electronic tools that collect health data (like heart rate, blood pressure, glucose levels, etc.) and transmit it to healthcare providers. The shift towards remote patient monitoring is driven by advancements in wearable technology, allowing for continuous, real-time health data collection, improving the management of chronic conditions, and enhancing patient care outside of traditional clinical settings. Home medical equipment devices help in remote patient monitoring by allowing patients to track their health conditions from home. It enables doctors to monitor patient progress, adjust treatments, and intervene when necessary without requiring frequent in-person visits. For instance, in April 2024, according to the Insurance Thought Leadership Inc., a US-based insurance and risk management information company, telehealth usage surged to over 53 million medicare participants, with 91% of health systems operating telehealth programs. Therefore, the shift towards remote patient monitoring is driving the growth of the home medical equipment devices market.

Key Players In The Global Home Medical Equipment (HME) Devices Market

Major companies operating 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.

Global Home Medical Equipment (HME) Devices Market Trends and Insights

Major companies operating in the home medical equipment devices market are focusing on developing advanced products, such as, wearable health monitoring devices, to provide highly accurate, real-time health tracking and improve patient outcomes. Wearable health monitoring devices are advanced technologies designed to continuously track vital health parameters such as heart rate, blood pressure, and glucose levels. For instance, in September 2024, Abbott Laboratories, a US-based healthcare company, launched Lingo, the first over-the-counter continuous glucose monitoring (CGM) system in the United States. Lingo is designed for adults not on insulin therapy, enabling users to monitor their glucose levels through a small adhesive sensor that syncs with a smartphone app. Lingo aims to provide accessible glucose monitoring for health-conscious individuals and those managing prediabetes.

What Are Latest Mergers And Acquisitions In The Home Medical Equipment (HME) Devices Market?

In October 2023, Henry Schein Inc., a US-based health care products and services provider, acquired a majority interest in Shield Healthcare Inc. for an undisclosed amount. With this acquisition, Henry Schein strengthens its position in the home medical equipment (HME) sector by expanding its product portfolio by integrating Shield Healthcare’s direct-to-patient delivery model, improving access to essential homecare supplies. Shield Healthcare is a US-based home healthcare supplies and medical products provider that specializes in providing home medical equipment devices and services.

What Defines the Home Medical Equipment (HME) Devices Market?

The home medical equipment (HME) devices market consists of sales of powered mobility aids, aerosol therapy systems, non-invasive monitoring systems, and stationary oxygen therapy units. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What Key Data and Analysis Are Included in the Home Medical Equipment (HME) Devices Market Report 2026?

The home medical equipment (hme) devices market research report is one of a series of new reports from The Business Research Company that provides market statistics, including industry global market size, regional shares, competitors with the market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the home medical equipment (hme) devices industry. The market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.