U.S. Home Medical Equipment Market Size, Share, Competitive Landscape and Trend Analysis Report, by Type and Distribution Channel : Opportunity Analysis and Industry Forecast, 2024-2035

U.S. Home Medical Equipment Market Research - 2035

The U.S. home medical equipment market size was valued at $25.0 billion in 2023 and is projected to reach $48.5 billion by 2035, registering a CAGR of 5.6% from 2024 to 2035. The growth of the U.S. home medical equipment market is driven by a growing geriatric population. According to the U.S. Census Bureau, the U.S. population is projected to become significantly older in the coming decades due to increased life expectancies and a declining birth rate. Currently, there are about 62 million adults aged 65 and older in the U.S., accounting for 18% of the total population. By 2054, this number is expected to rise to 84 million, representing approximately 23% of the population.

The U.S. home medical market includes healthcare services, support, and equipment delivered directly to patients in their residences, enabling them to manage medical conditions, recover from illnesses, or maintain overall health in a comfortable and familiar environment. These services include nursing care, physical therapy, chronic disease management, and post-acute care, providing professional assistance without requiring hospitalization.

An essential component of home medical care is home medical equipment (HME), which consists of devices and supplies designed to facilitate treatment, enhance mobility, and monitor health conditions. Common examples include oxygen concentrators, hospital beds, nebulizers, mobility aids, and others. By enabling effective care delivery at home, HME reduces hospital visits, promotes independence, and contributes to improved quality of life. Together, outcomes and healthcare services and HME create a comprehensive, patient-centric approach to home-based care, ensuring safety, enhancing outcomes, and fostering overall well-being.

Key Takeaways

• On the basis of type, the therapeutic equipment segment dominated the market in 2023 and is anticipated to grow at the highest CAGR during the forecast period.
• On the basis of distribution channel, the offline channel segment dominated the market in 2023. However, the online channel segment is anticipated to grow at the highest CAGR during the forecast period.  

Market Dynamics

The U.S. home medical equipment market is experiencing substantial growth, fueled by various factors. A key driver is rise in prevalence of chronic diseases, including diabetes, cardiovascular disorders, and respiratory conditions, which necessitate long-term medical care. These chronic conditions are encouraging more patients to opt for home-based care solutions that provide convenience, cost-effectiveness, and a patient-centric approach. In addition, the aging population in the U.S. significantly contributes to this demand, as older individuals often require ongoing monitoring and therapeutic support to manage age-related health concerns.

Rise in chronic diseases has emerged as a major factor driving the expansion of the U.S. home medical equipment market Growth. Conditions such as diabetes, heart disease, respiratory disorders, and hypertension are becoming increasingly common due to lifestyle factors, dietary habits, and environmental influences. These chronic conditions demand continuous monitoring and management, leading to a surge in the use of home medical devices. Examples include blood glucose monitors, oxygen concentrators, and blood pressure monitors, which are essential for managing diabetes, heart disease, and hypertension. According to the American Heart Association, approximately 605,000 new heart attacks and 200,000 recurrent heart attacks occur annually in the U.S., with the average age of a first heart attack being 65.6 years for males and 72.0 years for females.

Managing chronic diseases at home improves patients' quality of life and reduces the strain on healthcare systems by minimizing hospital visits and admissions. With rising healthcare costs, home-based care presents a more affordable and practical solution for both patients and insurers. Technological advancements, such as remote monitoring and telemedicine, enable real-time tracking of vital health data, fostering more proactive and efficient care. Consequently, the growing prevalence of chronic diseases offers significant opportunities for the home medical equipment market, as more patients rely on these devices to manage their health outside traditional healthcare settings.

Another major growth driver is the shift toward value-based healthcare systems, which focus on reducing hospital readmissions and promoting home care to lower overall healthcare costs. This transition is supported by favorable reimbursement policies and programs initiated by government bodies and private insurers, offering financial assistance for purchasing or renting home medical equipment. Devices such as oxygen concentrators, mobility aids, and sleep apnea equipment have become indispensable in enhancing patients' quality of life within home environments.

Technological advancements in home medical equipment are also pivotal to the market growth. Modern devices are increasingly equipped with features such as remote monitoring, wireless connectivity, and integration with telehealth platforms, enabling healthcare providers to monitor patient progress in real-time. For instance, smart CPAP devices now offer automatic adjustments and data-sharing capabilities, ensuring optimal patient outcomes. These innovations not only improve patient compliance but also expand the range of applications for home medical equipment.

However, the U.S. home medical equipment market share faces certain challenges that could hinder its expansion, including high cost of advanced medical equipment, which can be prohibitive for many patients, particularly those without adequate insurance coverage. While reimbursement policies are in place, navigating these systems can be complex and time-consuming, discouraging some patients from acquiring essential devices. The high costs are especially notable for technologically advanced equipment, such as portable oxygen concentrators and motorized wheelchairs, which often come with steep price tags.

However, the market also presents numerous opportunities for growth. The increasing integration of digital health technologies is enhancing patient care and expanding market potential. The rise of telehealth services and remote monitoring has created a robust ecosystem for home-based care, allowing seamless communication between patients and healthcare providers. Companies that innovate and develop user-friendly, tech-enabled devices are well-positioned to gain a competitive edge in this evolving landscape.

The emphasis on personalized medicine offers another significant growth avenue. Customizable home medical devices, such as adjustable beds and advanced prosthetics, cater to individual patient needs, improving satisfaction and compliance. This trend aligns with the broader shift toward patient-centric and outcome-focused healthcare approaches.

E-commerce platforms are rapidly emerging as a key channel for market players. The convenience of online shopping, combined with enhanced customer support features such as live chat, product reviews, and easy return policies, makes these platforms increasingly appealing. With a growing number of tech-savvy consumers and improved internet access, online sales channels have the potential to capture a larger share of the market. Collaborations with online retailers and direct-to-consumer models are expected to further drive growth in this segment. Additionally, increasing investments from both government and private sectors in healthcare infrastructure present substantial opportunities for market expansion. Initiatives aimed at improving access to affordable healthcare solutions and promoting home-based care are expected to boost demand for home medical equipment.

Segmental Overview

The U.S. home medical equipment market is segmented on the basis of type, and distribution channel. By type, the market is divided into durable medical equipment, and other home medical equipment. The durable medical equipment segment is further classified into therapeutic equipment, mobility assist & patient support equipment, medical furniture, and bathroom safety equipment. The therapeutic equipment segment is further classified into home respiratory therapy equipment, home IV equipment, home physical therapy equipment, home negative pressure wound therapy devices, and home braces and related products. By mobility assists & patient support equipment, the market is segregated into wheelchairs, mobility scooters, and walking assist devices. By medical furniture, the market is segregated into lift chairs, medical beds, stairs lifts, and medical furniture accessories. By bathroom safety equipment, the market is segregated into grab bars, shower chairs, elevated toilet seats, commodes, tub rails, and toilet safety frames. The other home medical equipment segment is further classified into patient monitoring equipment, personal care, and other therapeutic equipment. On the basis of distribution channel, it is bifurcated into online channel, and offline channel.

Competition Analysis

Competitive analysis and profiles of the major players in the U.S. Home Medical Equipment market are AdaptHealth, LLC, Linde PLC, Owens & Minor Inc, Rotech Healthcare, Carelinc Medical Equipment, Medcare Equipment Company, LLC, Advent Home Medical, Quipt Home Medical Corp, Tactical Rehabilitation, and Viemed Healthcare, Inc. Key players operating in the market have adopted various strategies such as launch, contract, partnership, acquisition, and agreement as their key strategy to expand their type portfolio.

Recent Developments in U.S. Home Medical Equipment Industry

• In February 2021, AdaptHealth LLC, a prominent provider of home healthcare equipment, medical supplies, and related services in the U.S., completed its previously announced acquisition of AeroCare Holdings Inc. AeroCare is a leading nationwide distribution platform specializing in respiratory and home medical equipment (HME). Its offerings include a comprehensive range of direct-to-patient products and services such as CPAP and BiPAP machines, oxygen concentrators, home ventilators, and other durable medical equipment. This acquisition significantly expands AdaptHealth’s scale and geographic presence, with the combined company serving nearly 3 million patients in more than 500 locations in 46 states.
• In July 2022, Quipt Home Medical Corp, a U.S. based leader in the home medical equipment industry, focused on end-to-end respiratory care, announced the execution of a contract with Cardinal Health at-Home, a business unit of Cardinal Health, Inc. In this contract, Quipt agreed to sell, while Cardinal has committed to supplying and distributing disposable medical supplies nationwide.
• In March 2022, Owens & Minor, Inc., a leading global healthcare solutions company, announced that it has closed the previously announced acquisition of Apria, Inc. The acquisition was carried out for total consideration in cash of approximately $1.6 billion. The purchase was funded with a combination of debt and cash on hand. The transaction combines the strength of Owens & Minor’s existing Byram Healthcare business with Apria to create an enhanced experience for the patient, provider, and payor.
• In March 2024, Lincare, a leading provider of home respiratory care, announced the launch of its innovative Patient Portal, a cutting-edge platform designed to enhance the patient's experience and improve healthcare communication. It is a secure, user-friendly online tool that empowers Lincare patients to have greater control over their care journey. The portal offers easy access to personalized healthcare information anytime, anywhere.