The US home medical equipment market is anticipated to grow at a CAGR of 5.4% during the forecast period. The growth of the market is attributed to the growing adoption of home medical equipment owing to the advantages such as cost cuts and convenience. In addition to this, the growing awareness of the use of home medical equipment will also provide considerable momentum to the market. Moreover, the presence of a high number of companies engaged in providing home care services will also foster the growth of the home medical equipment market.

The US home medical equipment market is segmented based on the type and distribution channel. By type, it is further segmented into diagnostic & monitoring devices, therapeutic devices, mobility care devices, and medical furniture. The diagnostic & monitoring devices include blood pressure monitoring devices, glucose monitoring devices, oxygen & airflow monitoring devices, temperature monitors, baby monitors, and others. Baby monitors will witness a substantial growth rate during the forecast period. The therapeutics devices include dialysis equipment, respiratory equipment, cold therapy system, insulin delivery equipment, and others. 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. 

Some of the key players of the US home medical equipment market include Becton, Dickinson and Co., General Electric Co., GF Health Products, Inc., Abbott Laboratories, Invacare Corp., McKesson Corp., 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 US 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. US Home Medical Equipment Market Research and Analysis by Type
2. US Home Medical Equipment Market Research and Analysis by Distribution Channel

The Report Covers

• Comprehensive research methodology of the US home medical equipment industry.
• 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 US home medical equipment market.
• Insights about market determinants that are stimulating the US home medical equipment market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.