The home medical equipment (hme) devices market size has grown strongly in recent years. It will grow from $39.9 billion in 2025 to $43.47 billion in 2026 at a compound annual growth rate (CAGR) of 8.9%. The growth in the historic period can be attributed to aging population growth, increasing prevalence of chronic diseases, expansion of home healthcare services, rising hospital cost pressures, growing acceptance of self-monitoring medical devices.
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.
The shift towards remote patient monitoring is expected to drive the future growth of the home medical equipment devices market. Remote Patient Monitoring (RPM) involves using technology to observe a patient's health and medical conditions remotely, typically outside traditional healthcare settings. This includes the use of devices such as wearable sensors, mobile apps, and other electronic tools that collect health data (such as heart rate, blood pressure, and glucose levels) and send it to healthcare providers. The adoption of RPM is largely driven by advancements in wearable technology, which allow for continuous, real-time health data collection. This enhances the management of chronic conditions and improves patient care outside of clinical environments. Home medical equipment devices support remote patient monitoring by enabling patients to track their health at home. This allows healthcare providers to monitor patient progress, adjust treatments, and intervene as needed without requiring frequent in-person visits. For example, in April 2024, Insurance Thought Leadership Inc., a US-based company focused on insurance and risk management, reported that telehealth usage among Medicare participants surpassed 53 million, with 91% of health systems implementing telehealth programs. Consequently, the increasing use of remote patient monitoring is boosting the growth of the home medical equipment devices market.
Innovations in wearable health monitoring devices are transforming continuous health tracking and glucose monitoring. Leading companies in the home medical equipment devices market are developing advanced products, such as wearable health monitoring devices, to provide precise, real-time health tracking and enhance patient outcomes. These wearable devices continuously track vital health parameters such as heart rate, blood pressure, and glucose levels. For example, in September 2024, Abbott Laboratories, a US-based healthcare company, introduced Lingo, the first over-the-counter continuous glucose monitoring (CGM) system in the United States. Lingo is designed for adults not using insulin therapy, allowing users to monitor glucose levels through a small adhesive sensor that connects to a smartphone app. Lingo aims to offer accessible glucose monitoring for health-conscious individuals and those managing prediabetes.
In October 2023, Henry Schein Inc., a US-based healthcare products and services provider, acquired a majority stake in Shield Healthcare Inc. for an undisclosed amount. This acquisition strengthens Henry Schein’s position in the home medical equipment (HME) market by expanding its product offerings and integrating Shield Healthcare’s direct-to-patient delivery model, which improves access to essential homecare supplies. Shield Healthcare is a US-based provider of home healthcare supplies and medical products, specializing in home medical equipment devices and services.
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.
North America was the largest region in the home medical equipment (HME) devices market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the home medical equipment (hme) devices market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the home medical equipment (hme) devices market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Tariffs are impacting the home medical equipment devices market by increasing costs of imported electronic components, sensors, plastics, batteries, and precision assemblies used in oxygen equipment, mobility aids, and respiratory devices. North America and Europe are most affected due to reliance on imported medical device components, while Asia-Pacific faces higher costs for export-oriented manufacturing. These tariffs are raising device prices and impacting reimbursement-sensitive markets. However, they are also encouraging domestic device manufacturing, regional assembly operations, and investment in locally sourced medical technology components.
The home medical equipment (hme) devices market research report is one of a series of new reports that provides home medical equipment (hme) devices market statistics, including home medical equipment (hme) devices industry global market size, regional shares, competitors with a home medical equipment (hme) devices market share, detailed home medical equipment (hme) devices market segments, market trends and opportunities, and any further data you may need to thrive in the home medical equipment (hme) devices industry. This home medical equipment (hme) devices market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Home medical equipment (HME) devices are medical products designed for use by patients in their homes under the supervision of healthcare professionals or personal care. These devices help patients manage medical conditions, maintain health, and support recovery, reducing the need for frequent hospital visits. HME devices are specifically designed for safe and effective use in a home environment, and they are often prescribed by healthcare providers. Their use enables greater patient independence and comfort while minimizing prolonged hospital stays.
The main product categories in the home medical equipment (HME) devices market include oxygen equipment, mobility assistive devices, respiratory therapy equipment, and other related devices. Oxygen equipment refers to medical devices that deliver supplemental oxygen to patients who have difficulty obtaining sufficient oxygen through normal breathing. The applications of these devices include home healthcare, long-term care, and other settings, with distribution through channels such as online retail, hospital pharmacies, retail pharmacies, and more. The end-users of these devices range from adults to pediatric and geriatric patients.
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.
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.
This product will be delivered within 1-3 business days.
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.
The shift towards remote patient monitoring is expected to drive the future growth of the home medical equipment devices market. Remote Patient Monitoring (RPM) involves using technology to observe a patient's health and medical conditions remotely, typically outside traditional healthcare settings. This includes the use of devices such as wearable sensors, mobile apps, and other electronic tools that collect health data (such as heart rate, blood pressure, and glucose levels) and send it to healthcare providers. The adoption of RPM is largely driven by advancements in wearable technology, which allow for continuous, real-time health data collection. This enhances the management of chronic conditions and improves patient care outside of clinical environments. Home medical equipment devices support remote patient monitoring by enabling patients to track their health at home. This allows healthcare providers to monitor patient progress, adjust treatments, and intervene as needed without requiring frequent in-person visits. For example, in April 2024, Insurance Thought Leadership Inc., a US-based company focused on insurance and risk management, reported that telehealth usage among Medicare participants surpassed 53 million, with 91% of health systems implementing telehealth programs. Consequently, the increasing use of remote patient monitoring is boosting the growth of the home medical equipment devices market.
Innovations in wearable health monitoring devices are transforming continuous health tracking and glucose monitoring. Leading companies in the home medical equipment devices market are developing advanced products, such as wearable health monitoring devices, to provide precise, real-time health tracking and enhance patient outcomes. These wearable devices continuously track vital health parameters such as heart rate, blood pressure, and glucose levels. For example, in September 2024, Abbott Laboratories, a US-based healthcare company, introduced Lingo, the first over-the-counter continuous glucose monitoring (CGM) system in the United States. Lingo is designed for adults not using insulin therapy, allowing users to monitor glucose levels through a small adhesive sensor that connects to a smartphone app. Lingo aims to offer accessible glucose monitoring for health-conscious individuals and those managing prediabetes.
In October 2023, Henry Schein Inc., a US-based healthcare products and services provider, acquired a majority stake in Shield Healthcare Inc. for an undisclosed amount. This acquisition strengthens Henry Schein’s position in the home medical equipment (HME) market by expanding its product offerings and integrating Shield Healthcare’s direct-to-patient delivery model, which improves access to essential homecare supplies. Shield Healthcare is a US-based provider of home healthcare supplies and medical products, specializing in home medical equipment devices and services.
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.
North America was the largest region in the home medical equipment (HME) devices market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the home medical equipment (hme) devices market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the home medical equipment (hme) devices market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Tariffs are impacting the home medical equipment devices market by increasing costs of imported electronic components, sensors, plastics, batteries, and precision assemblies used in oxygen equipment, mobility aids, and respiratory devices. North America and Europe are most affected due to reliance on imported medical device components, while Asia-Pacific faces higher costs for export-oriented manufacturing. These tariffs are raising device prices and impacting reimbursement-sensitive markets. However, they are also encouraging domestic device manufacturing, regional assembly operations, and investment in locally sourced medical technology components.
The home medical equipment (hme) devices market research report is one of a series of new reports that provides home medical equipment (hme) devices market statistics, including home medical equipment (hme) devices industry global market size, regional shares, competitors with a home medical equipment (hme) devices market share, detailed home medical equipment (hme) devices market segments, market trends and opportunities, and any further data you may need to thrive in the home medical equipment (hme) devices industry. This home medical equipment (hme) devices market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Home medical equipment (HME) devices are medical products designed for use by patients in their homes under the supervision of healthcare professionals or personal care. These devices help patients manage medical conditions, maintain health, and support recovery, reducing the need for frequent hospital visits. HME devices are specifically designed for safe and effective use in a home environment, and they are often prescribed by healthcare providers. Their use enables greater patient independence and comfort while minimizing prolonged hospital stays.
The main product categories in the home medical equipment (HME) devices market include oxygen equipment, mobility assistive devices, respiratory therapy equipment, and other related devices. Oxygen equipment refers to medical devices that deliver supplemental oxygen to patients who have difficulty obtaining sufficient oxygen through normal breathing. The applications of these devices include home healthcare, long-term care, and other settings, with distribution through channels such as online retail, hospital pharmacies, retail pharmacies, and more. The end-users of these devices range from adults to pediatric and geriatric patients.
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.
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.
This product will be delivered within 1-3 business days.
Table of Contents
1. Executive Summary
2. Home Medical Equipment (HME) Devices Market Characteristics
3. Home Medical Equipment (HME) Devices Market Supply Chain Analysis
4. Global Home Medical Equipment (HME) Devices Market Trends and Strategies
5. Home Medical Equipment (HME) Devices Market Analysis of End Use Industries
7. Global Home Medical Equipment (HME) Devices Strategic Analysis Framework, Current Market Size, Market Comparisons and Growth Rate Analysis
8. Global Home Medical Equipment (HME) Devices Total Addressable Market (TAM) Analysis for the Market
9. Home Medical Equipment (HME) Devices Market Segmentation
10. Home Medical Equipment (HME) Devices Market Regional and Country Analysis
11. Asia-Pacific Home Medical Equipment (HME) Devices Market
12. China Home Medical Equipment (HME) Devices Market
13. India Home Medical Equipment (HME) Devices Market
14. Japan Home Medical Equipment (HME) Devices Market
15. Australia Home Medical Equipment (HME) Devices Market
16. Indonesia Home Medical Equipment (HME) Devices Market
17. South Korea Home Medical Equipment (HME) Devices Market
18. Taiwan Home Medical Equipment (HME) Devices Market
19. South East Asia Home Medical Equipment (HME) Devices Market
20. Western Europe Home Medical Equipment (HME) Devices Market
21. UK Home Medical Equipment (HME) Devices Market
22. Germany Home Medical Equipment (HME) Devices Market
23. France Home Medical Equipment (HME) Devices Market
24. Italy Home Medical Equipment (HME) Devices Market
25. Spain Home Medical Equipment (HME) Devices Market
26. Eastern Europe Home Medical Equipment (HME) Devices Market
27. Russia Home Medical Equipment (HME) Devices Market
28. North America Home Medical Equipment (HME) Devices Market
29. USA Home Medical Equipment (HME) Devices Market
30. Canada Home Medical Equipment (HME) Devices Market
31. South America Home Medical Equipment (HME) Devices Market
32. Brazil Home Medical Equipment (HME) Devices Market
33. Middle East Home Medical Equipment (HME) Devices Market
34. Africa Home Medical Equipment (HME) Devices Market
36. Home Medical Equipment (HME) Devices Market Competitive Landscape and Company Profiles
37. Home Medical Equipment (HME) Devices Market Other Major and Innovative Companies
40. Home Medical Equipment (HME) Devices Market High Potential Countries, Segments and Strategies
41. Appendix
List of Tables
Executive Summary
Home Medical Equipment (HME) Devices Market Global Report 2026 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses home medical equipment (hme) devices market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for home medical equipment (hme) devices? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The home medical equipment (hme) devices market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
- The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
- The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
- The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
- The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
- The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
- Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.
Report Scope
Markets Covered:
1) By Product Type: Oxygen Equipment; Mobility Assistive Devices; Respiratory Therapy Equipment; Other Products2) 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
Subsegments:
1) Oxygen Equipment: Oxygen Concentrators; Oxygen Cylinders; Liquid Oxygen Systems; Oxygen Masks; Oxygen Regulators2) Mobility Assistive Devices: Wheelchairs; Walking Aids; Scooters; Lift Chairs; Stair Lifts
3) Respiratory Therapy Equipment: Ventilators; CPAP Machines; BiPAP Machines; Nebulizers; Inhalers
4) Other Products: Home Dialysis Equipment; Blood Pressure Monitors; Temperature Monitors; Pulse Oximeters; Patient Lifting Equipment
Companies Mentioned: 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.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; South East Asia; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: Word, PDF or Interactive Report + Excel Dashboard
Added Benefits:
- Bi-Annual Data Update
- Customisation
- Expert Consultant Support
Companies Mentioned
The companies featured in this Home Medical Equipment (HME) Devices market report include:- 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.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 250 |
| Published | February 2026 |
| Forecast Period | 2026 - 2030 |
| Estimated Market Value ( USD | $ 43.47 Billion |
| Forecasted Market Value ( USD | $ 61.05 Billion |
| Compound Annual Growth Rate | 8.9% |
| Regions Covered | Global |
| No. of Companies Mentioned | 22 |
