New technologies such as needle-free diabetes care, drug administration equipment and durable medical equipment, such as medical beds and lift chairs, are increasing the market for home medical equipment.

The global home medical equipment market size was valued at USD 29,944.8 million in 2020 and is projected to reach USD 43850.0 million by 2027, registering a CAGR of 5.6% from 2021 to 2027.