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Home Medical Equipment Market to grow at a CAGR of 10.5 percent to reach USD 5.16 Bn by 2029

(PharmaNewsWire.Com, May 25, 2023 ) As per Maximize Market research, the total global market for the “Home Medical Equipment Market” was USD 2.32 Bn in 2022 and is expected to grow at a CAGR of 10.5 percent over the forecast period to reach USD 5.16 Bn by 2029

Home Medical Equipment Market Report Scope and Research Methodology

The Home Medical Equipment Market report is a combination of secondary and primary data, which makes it error-free and authentic. It provides a detailed analysis of current, past, and future market dynamics including opportunities, drivers, restraints, and challenges.

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Home Medical Equipment Market Dynamics

The global home medical equipment market is driven by factors like the growing elderly population and increasing prevalence of chronic diseases, leading to a rising demand for convenient and cost-effective healthcare solutions at home.

Home Medical Equipment Market Regional Insights

North America is expected to dominate the home medical equipment market due to factors such as an aging population, increasing chronic diseases, rising healthcare costs, and government initiatives promoting home healthcare. Asia-Pacific is a rapidly growing region in the home medical equipment market, driven by the rising prevalence of chronic diseases and the need for continuous patient monitoring.

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Home Medical Equipment Market Segmentation

By Equipment Type

Therapeutic Equipment

Respiratory Therapy Equipment

Dialysis Equipment

Intravenous Equipment

Other Therapeutic Equipment

Patient Monitoring Equipment

Conventional Monitors

Telemedicine Patient Monitoring Equipment

Mobility Assist and Patient Support Equipment

Mobility Assist Equipment

Medical Furniture

Bathroom Safety Equipment

By Distribution Channel

Retail Medical Stores

Online Retailers

Hospital Pharmacies

Home Medical Equipment Market’s Key Competitors include

Currencies Direct



Ria Money Transfer





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Maximize Market Research is leading Information Medical Devices research firm, has also published the following reports:

Manual Wheelchair Market- The market size is expected to reach USD 4.48 billion by 2029 at a CAGR of 6.1 percent during the forecast period.

Surgical Equipment Market- The market size is expected to reach USD 21.4 billion by 2029 at a CAGR of 8.6 percent during the forecast period.

About Maximize Market Research:

Maximize Market Research provides B2B and B2C research on 6,500 high-growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense, and other manufacturing sectors.


Dnyaneshwari Yevale

+91 9607365656

Source: EmailWire.Com


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