Press release
Leading Growth Driver in the Home Healthcare Equipment Market in 2025: Increasing Aging Population Fuels Growth In The Home Healthcare Equipment Market Driver's Influence
Which drivers are expected to have the greatest impact on the over the home healthcare equipment market's growth?
The upward trend in the aging populace is predicted to foster the development of the home healthcare equipment market in the future. The term 'aging population' refers to the growth in the percentage of senior citizens owing to demographic change. This demographic transition has led to an escalation in the number and ratio of individuals aged 60 and above. Home healthcare equipment provides the elderly with the means to manage their own bodies, improve their vitality, prevent injury, and manage regular illnesses without the consistent necessity for doctor visits. For example, the World Health Organization, a health agency based in Switzerland, reported in October 2022 that globally, one in six people will be aged 60 or older by 2030, and this is projected to increase to 2.1 billion elderly individuals by 2050. Consequently, the increase in the aging population is fueling the expansion of the home healthcare equipment market going onwards.
Get Your Home Healthcare Equipment Market Report Here:
https://www.thebusinessresearchcompany.com/report/home-healthcare-equipment-global-market-report
What is the future CAGR of the home healthcare equipment market, and how will it impact industry expansion?
The market size for home healthcare equipment has seen a robust increase in recent years. The value is expected to rise from $35.77 billion in 2024 to $38.12 billion in 2025, showcasing a compound annual growth rate (CAGR) of 6.6%. The substantial growth observed in the historical period is due to factors such as governmental support for home healthcare, patient inclination towards home care, economic efficiency of the care, enhancement in patient results, increase in awareness and educational campaigns, accessibility of healthcare in rural areas, and the development of healthcare infrastructure.
It is anticipated that the home healthcare equipment market will witness significant expansion in the coming years, climbing to a valuation of $54.41 billion by 2029 with a compound annual growth rate (CAGR) of 9.3%. A rise in digital health uptake, integration of smart homes, customer-centric healthcare, advancement in remote diagnostics, and the proliferation of telemedicine services are the reasons for this growth projected over the forecast period. Key trends for the same period include the utilization of remote patient monitoring (rpm) technology, the introduction of smart home healthcare devices, a focus on patient-friendly design and user interface, devices for medication management, and the incorporation of artificial intelligence (AI) and machine learning.
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What are the most significant trends transforming the home healthcare equipment market today?
The rise in technological progression is an emerging trend in the home healthcare equipment sector. To maintain their market standing, companies are adopting innovative technologies. As per an example, CommScope, a network infrastructure company based in the US, in October 2022, launched the HomeSight system. It's a solution for healthcare and homecare that couples a smart camera connected to a television with an edge computer, a vigorous cloud service for managing data transmission and device, environmental sensors, and a module for LTE connectivity. This is specifically built for those residences without broadband connection or needing a back-up connection. This advanced system improves the reach, participation, and acceptance of care services by users, whilst reducing the requirement for face-to-face meetings or visits.
Which key market segments comprise the home healthcare equipment market and drive its revenue growth?
The home healthcare equipment market covered in this report is segmented -
1) By Product: Blood Glucose Monitor, Blood Pressure Monitor, Rehabilitation equipment, Other Product
2) By Service: Rehabilitation, Infusion Therapy, Unskilled Care, Respiratory Therapy, Pregnancy Care, Skilled Nursing, Hospice And Palliative Care
3) By Application: Diagnostics And Monitoring, Therapeutics, Care And Rehabilitation, Other Application
4) By End User: Hospitals Or Clinics Or Diagnostic Lab, Research And Development Centre, Home Care Settings
Subsegments:
1) By Blood Glucose Monitor: Glucometers, Continuous Glucose Monitors (CGMs), Test Strips
2) By Blood Pressure Monitor: Digital Blood Pressure Monitors, Manual Blood Pressure Monitors, Ambulatory Blood Pressure Monitors
3) By Rehabilitation Equipment: Mobility Aids, Exercise Equipment, Home Modification Products
4) By Other Products: Thermometers, Nebulizers, Pulse Oximeters
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=7867
What regions are at the forefront of home healthcare equipment market expansion?
North America was the largest region in the home health care equipment market in 2024. The regions covered in the home healthcare equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the leading players fueling growth in the home healthcare equipment market?
Major companies operating in the home healthcare equipment market are LifeScan Inc., Microlife Corporation, A&D Company Limited, Abbott Laboratories, Panasonic Corp., Jiangsu Yuyue Medical Equipment & Supply Co. Ltd., Sannuo Hong Kong Limited Company, Siemens AG, Insulet Corporation, Phonak Holding AG, William Demant Holding AS, Invacare Holdings Corporation, 3M Company, ARKRAY Inc., Apex Ltd., ApiJect Systems Corp., B. Braun Melsungen AG, Bavaria Medizin Technologie GmbH, Baxter International Inc., Bayada Home Healthcare Agency, Becton Dickinson and Company, Bigfoot Biomedical Inc., BioLife Solutions Inc., Cantel Medical Corp., Cardinal Health Inc., Grand Pharmaceutical Group Ltd., GE Healthcare Technologies Inc., Home Care Delivered Inc., IRadimed Corporation
Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/sample.aspx?id=7867&type=smp
What Is Covered In The Home Healthcare Equipment Global Market Report?
• Market Size Forecast: Examine the home healthcare equipment market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the home healthcare equipment market for a structured understanding.
• Key Players Overview: Analyze major players in the home healthcare equipment market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the home healthcare equipment market.
• Segment Contributions: Evaluate how different segments drive overall growth in the home healthcare equipment market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the home healthcare equipment market.
• Industry Challenges: Identify potential risks and obstacles affecting the home healthcare equipment market.
• Competitive Landscape: Review strategic developments in the home healthcare equipment market, including expansions, agreements, and new product launches.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
The upward trend in the aging populace is predicted to foster the development of the home healthcare equipment market in the future. The term 'aging population' refers to the growth in the percentage of senior citizens owing to demographic change. This demographic transition has led to an escalation in the number and ratio of individuals aged 60 and above. Home healthcare equipment provides the elderly with the means to manage their own bodies, improve their vitality, prevent injury, and manage regular illnesses without the consistent necessity for doctor visits. For example, the World Health Organization, a health agency based in Switzerland, reported in October 2022 that globally, one in six people will be aged 60 or older by 2030, and this is projected to increase to 2.1 billion elderly individuals by 2050. Consequently, the increase in the aging population is fueling the expansion of the home healthcare equipment market going onwards.
Get Your Home Healthcare Equipment Market Report Here:
https://www.thebusinessresearchcompany.com/report/home-healthcare-equipment-global-market-report
What is the future CAGR of the home healthcare equipment market, and how will it impact industry expansion?
The market size for home healthcare equipment has seen a robust increase in recent years. The value is expected to rise from $35.77 billion in 2024 to $38.12 billion in 2025, showcasing a compound annual growth rate (CAGR) of 6.6%. The substantial growth observed in the historical period is due to factors such as governmental support for home healthcare, patient inclination towards home care, economic efficiency of the care, enhancement in patient results, increase in awareness and educational campaigns, accessibility of healthcare in rural areas, and the development of healthcare infrastructure.
It is anticipated that the home healthcare equipment market will witness significant expansion in the coming years, climbing to a valuation of $54.41 billion by 2029 with a compound annual growth rate (CAGR) of 9.3%. A rise in digital health uptake, integration of smart homes, customer-centric healthcare, advancement in remote diagnostics, and the proliferation of telemedicine services are the reasons for this growth projected over the forecast period. Key trends for the same period include the utilization of remote patient monitoring (rpm) technology, the introduction of smart home healthcare devices, a focus on patient-friendly design and user interface, devices for medication management, and the incorporation of artificial intelligence (AI) and machine learning.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=7867&type=smp
What are the most significant trends transforming the home healthcare equipment market today?
The rise in technological progression is an emerging trend in the home healthcare equipment sector. To maintain their market standing, companies are adopting innovative technologies. As per an example, CommScope, a network infrastructure company based in the US, in October 2022, launched the HomeSight system. It's a solution for healthcare and homecare that couples a smart camera connected to a television with an edge computer, a vigorous cloud service for managing data transmission and device, environmental sensors, and a module for LTE connectivity. This is specifically built for those residences without broadband connection or needing a back-up connection. This advanced system improves the reach, participation, and acceptance of care services by users, whilst reducing the requirement for face-to-face meetings or visits.
Which key market segments comprise the home healthcare equipment market and drive its revenue growth?
The home healthcare equipment market covered in this report is segmented -
1) By Product: Blood Glucose Monitor, Blood Pressure Monitor, Rehabilitation equipment, Other Product
2) By Service: Rehabilitation, Infusion Therapy, Unskilled Care, Respiratory Therapy, Pregnancy Care, Skilled Nursing, Hospice And Palliative Care
3) By Application: Diagnostics And Monitoring, Therapeutics, Care And Rehabilitation, Other Application
4) By End User: Hospitals Or Clinics Or Diagnostic Lab, Research And Development Centre, Home Care Settings
Subsegments:
1) By Blood Glucose Monitor: Glucometers, Continuous Glucose Monitors (CGMs), Test Strips
2) By Blood Pressure Monitor: Digital Blood Pressure Monitors, Manual Blood Pressure Monitors, Ambulatory Blood Pressure Monitors
3) By Rehabilitation Equipment: Mobility Aids, Exercise Equipment, Home Modification Products
4) By Other Products: Thermometers, Nebulizers, Pulse Oximeters
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=7867
What regions are at the forefront of home healthcare equipment market expansion?
North America was the largest region in the home health care equipment market in 2024. The regions covered in the home healthcare equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the leading players fueling growth in the home healthcare equipment market?
Major companies operating in the home healthcare equipment market are LifeScan Inc., Microlife Corporation, A&D Company Limited, Abbott Laboratories, Panasonic Corp., Jiangsu Yuyue Medical Equipment & Supply Co. Ltd., Sannuo Hong Kong Limited Company, Siemens AG, Insulet Corporation, Phonak Holding AG, William Demant Holding AS, Invacare Holdings Corporation, 3M Company, ARKRAY Inc., Apex Ltd., ApiJect Systems Corp., B. Braun Melsungen AG, Bavaria Medizin Technologie GmbH, Baxter International Inc., Bayada Home Healthcare Agency, Becton Dickinson and Company, Bigfoot Biomedical Inc., BioLife Solutions Inc., Cantel Medical Corp., Cardinal Health Inc., Grand Pharmaceutical Group Ltd., GE Healthcare Technologies Inc., Home Care Delivered Inc., IRadimed Corporation
Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/sample.aspx?id=7867&type=smp
What Is Covered In The Home Healthcare Equipment Global Market Report?
• Market Size Forecast: Examine the home healthcare equipment market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the home healthcare equipment market for a structured understanding.
• Key Players Overview: Analyze major players in the home healthcare equipment market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the home healthcare equipment market.
• Segment Contributions: Evaluate how different segments drive overall growth in the home healthcare equipment market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the home healthcare equipment market.
• Industry Challenges: Identify potential risks and obstacles affecting the home healthcare equipment market.
• Competitive Landscape: Review strategic developments in the home healthcare equipment market, including expansions, agreements, and new product launches.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
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