(EMAILWIRE.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
TorFX
HiFX
Ria Money Transfer
Kantox
CurrencyFair
Revolut
Airwallex

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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.

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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.