Home healthcare equipment market projected to reach $581.5 billion by 2030

The global home healthcare equipment market is projected to reach $581.5 billion by 2030, growing at a compound annual growth rate (CAGR) of 9.0%. This expansion is driven by the shift of chronic disease management from hospitals to residential settings, fueled by rising prevalence of conditions such as diabetes, heart disease, and obesity, as well as an aging global population.

Key drivers include the increasing demand for remote monitoring, smart medical devices, and connected health technologies. In the United Kingdom, the National Health Service reported an 18% increase in pre-diabetes diagnoses in 2023, highlighting the growing need for home-based monitoring tools like glucose monitors and blood pressure cuffs.

Technological innovation is particularly evident in respiratory care, such as the recent launch of smart CPAP and BiPAP devices by US-based Valeron. Additionally, industry consolidation is occurring in emerging markets, exemplified by the acquisition of India-based Nightingales by HCAH to strengthen outpatient care capabilities.