The Indian home medical equipment market is anticipated to grow at a CAGR of 8.1% during the forecast period. The growth of the market is driven by the increasing prevalence of chronic diseases such as hypertension and diabetes among others that can be easily managed at home with the use of a few home medical equipment. Moreover, rising disposable income and increasing awareness of the people for home equipment such as pregnancy diagnostic kits among others is also a major factor for the market growth in the country. However, the low coverage for home medical care in healthcare insurance coupled with reluctance by the geriatric population for the use of medical equipment at home are restraining the growth of India's home medical equipment industry. 

The Indian home medical equipment market is segmented based on the type and distribution channel. By type, it is further sub-segmented into diagnostic and monitoring devices, therapeutic devices, mobility care devices, and medical furniture. Diagnostic and monitoring devices will witness lucrative growth during the forecast period. The diagnostic and monitoring devices include blood pressure monitoring devices, glucose monitoring devices, oxygen & airflow monitoring devices, temperature monitors, baby monitors, and others. Other include pregnancy and ovulation kits, INR self-monitors HIV kits, among others. The therapeutics devices include dialysis equipment, respiratory equipment, cold therapy system, insulin delivery equipment, and others. Respiratory equipment is expected to hold a major market share during the forecast period. Mobility care devices include wheelchairs, mobility scooters, and walkers, rollators, canes, & crutches. Medical furniture sub-segment includes bathroom safety furniture and bedroom safety furniture. Based on the distribution channel, the market is bifurcated into online and offline channels. Online channels will witness an exponential growth rate during the forecast period. 

Some of the key players of the Indian home medical equipment market include Mankind Pharma Ltd., General Electric Co., Baxter International Inc., Fresenius SE & Co. KGaA, Stryker Corp., Cardinal Health Inc., Medtronic PLC, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers, and acquisitions, collaborations, and funding, to stay competitive in the market. 

Research Methodology

The market study of the Indian home medical equipment market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. The analysts try to contact as many executives, managers, key opinion leaders, and industry experts as to bring more authenticity to the reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report is intended for medical equipment manufacturers & distributors, start-ups, seed funders, venture capitalists, research organizations, and other related organizations for overall market analysis and competitive analysis. The report provides an in-depth analysis of market size, products offered by the companies, and future market opportunities. The report will serve as a source for a 360-degree analysis of the market thoroughly delivering insights into the market for making better business decisions.

Market Segmentation

1. India Home Medical Equipment Market Research and Analysis by Type
2. India Home Medical Equipment Market Research and Analysis by Distribution Channel

The Report Covers

• Comprehensive research methodology of the Indian home medical equipment market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the Indian home medical equipment market.
• Insights about market determinants that are stimulating the Indian home medical equipment industry.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.