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Home Medical Equipment Market to be Worth $62.89 Billion by 2030 – Exclusive Report by Meticulous Research®

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REDDING, Calif., June 19, 2024 /PRNewswire/ — According to a new market research report titled, ‘Home Medical Equipment Market by Product (Therapeutic [CPAP, Nebulizer, Ventilator, Dialysis, IV Equipment] Monitoring [Cardiac, Glucose, Temperature, Apnea] Mobility Assist [Walker, Wheelchair, Scooter]) Distribution Channel – Global Forecast to 2030,’ published by Meticulous Research®, the home medical equipment market is projected to reach $62.89 billion by 2030, at a CAGR of 6.8% from 2023 to 2030.

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Home medical equipment is used to fulfill patients’ healthcare needs at home. It is mostly used when a patient or individual requires prolonged care or stays in healthcare facilities. Home medical equipment includes therapeutic, mobility, assistive, and patient support equipment used by individuals or patients to control numerous conditions, such as respiratory diseases, mobility disorders, and cancer.

The key players profiled in the home medical equipment market report are Abbott Laboratories (U.S.), Amedisys, Inc (U.S.), Baxter Healthcare (U.S.), Convatec (U.K.), Fisher & Paykel Healthcare (New Zealand), Fresenius Medical Care AG & Co. KGaA (Germany), Becton, Dickinson and Company (U.S.), GE HealthCare (U.S.), Invacare Corporation (U.S.), Medtronic (Ireland), Hill-Rom Holdings, Inc. (U.S.), Smith & Nephew plc (U.K.), and Inogen, Inc. (U.S.). The report also includes an extensive assessment of the key growth strategies adopted by leading market players in the last three to four years. The global home medical equipment market has witnessed several strategic developments in the past few years.

Technological advancements in home medical equipment, the increasing prevalence of chronic diseases coupled with the rising geriatric population globally, the growing adoption of self-health management practices, and rising healthcare expenditure are driving the growth of this market.

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Furthermore, emerging economies are expected to offer significant opportunities for the growth of this market. However, the high costs of medical equipment and the absence of reimbursement for home medical equipment are expected to restrain the market’s growth.

Rising Healthcare Expenditure to Drive the Demand for Home Medical Equipment

Healthcare expenditure encompasses all the financial resources allocated to ensure the optimal functioning of healthcare systems and the delivery of high-quality patient care. The increasing healthcare expenditures in various countries indicate a growing emphasis on promoting overall population health and disease prevention. This trend is expected to drive the adoption of advanced medical technologies, increase funding and initiatives for disease diagnosis and treatment, and the establishment of healthcare facilities with advanced infrastructure. This rise in healthcare expenditure is observed in both developed and developing countries. The U.S. has significantly higher healthcare spending than other economies.

In 2021, healthcare spending in the U.S. reached USD 4.3 trillion, with the average healthcare cost per person being nearly USD 12,900. Furthermore, according to The Federal Statistical Office, Germany’s healthcare expenditure reached USD 560.95 billion (Euro 474.1 billion) in 2021, representing an increase compared to the previous year. Additionally, healthcare spending in Brazil is projected to rise to approximately 12.6% of GDP by 2040, an increase from 9.6% in 2019 (Source: OECD).

The global geriatric population is experiencing rapid growth. According to data from the World Health Organization, the proportion of individuals aged 60 years and above is expected to nearly double from 12% to 22% globally between 2015 and 2050. In Asia-Pacific, countries including Japan, South Korea, and Hong Kong are expected to have the largest share of people over 65 years and older by 2050. The prevalence of common conditions in older age, including diabetes, chronic obstructive pulmonary disease, cardiovascular diseases, and cancer, contributes to higher utilization of home medical equipment for home care. The elderly population, often unable to visit hospitals for regular checkups, relies on medical products that can be conveniently used at home. Therefore, the rising elderly population drives the adoption of home medical equipment.

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Home Medical Equipment Market: Future Outlook

 The home medical equipment market is segmented by Product [Therapeutic Equipment {Home Respiratory Therapeutics Equipment (CPAP machines, CPAP accessories), Oxygen Delivery Equipment (Oxygen Concentrator, Nasal Cannula, Nebulizers, Ventilators (Invasive Ventilators, Non-invasive Ventilators), Humidifiers), Home IV Equipment (IV Pumps, IV Administration, IV Accessories), Home Dialysis Equipment (Home Peritoneal Dialysis Products (Consumables (Dialyzers, Concentrates/Dialysates, Bloodlines, Other Peritoneal Dialysis Consumables)), Devices (Center-Use, Home-Use), Home Hemodialysis Products (Consumables (Concentrates/Dialysates, Catheters, Other Hemodialysis Consumables)) Devices), Patient Monitoring Equipment (Cardiac Monitoring Equipment, Blood Glucose Monitoring Equipment, Temperature Monitoring Equipment, Apnea Monitoring Equipment, Other Patient Monitoring Equipment), Mobility Assist & Patient Support Equipment (Wheelchairs (Manual Wheelchairs, Powered Wheelchairs)), Walking Assist Device (Walker & Roller, Canes & Walking Sticks, Crutches), Bathroom Safety Equipment, Mobility Scooters, Medical Furniture & Accessories)}, Distribution Channel {Retail Medical Stores, Hospital Pharmacies, E-commerce Channels}, and Geography {North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa}.

Based on product, the home medical equipment market is segmented into therapeutic equipment, patient monitoring equipment, and mobility assist & patient support equipment. In 2023, the therapeutic segment is expected to account for the largest share of the home medical equipment market. Therapeutics equipment provides home care by helping individuals or patients manage their respiratory conditions & treatment at home. The growing prevalence of diseases that require frequent usage of home medical equipment, such as home dialysis equipment and intravenous pumps, the aging population, advancements in home medical equipment, and higher costs of hospitalizations contribute to the large market share of this segment.

Among the distribution channels covered in this study, in 2023, the retail medical stores segment is expected to account for the largest share of the home medical equipment market. The large market share of this segment is attributed to the easy availability and accessibility of home medical equipment and lower operating costs. Retail medical stores offer a wide range of products and other medical supplies. Retail medical stores offer a wide range of products and medical supplies, providing convenient access for patients needing home medical equipment and supplies. The convenience offered by these stores contributes to the significant market share of this segment.

Based on geography, the home medical equipment market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. North America is expected to account for the largest share of the home medical equipment market. North America’s major market share is attributed to the growing aging population, the increasing prevalence of chronic diseases that necessitate the use of home medical equipment, the ongoing development of healthcare infrastructure, and the rising healthcare expenditures in the region.

However, Asia-Pacific is projected to register the highest CAGR during the forecast period. The growth of this regional market is attributed to growing investments in home healthcare in emerging countries like China, Japan, and India, the rising preference for home-based treatments due to higher hospitalization costs, government initiatives promoting home care, and the growing prevalence of chronic diseases due to the aging population.

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Scope of the Report:

Home Medical Equipment Market Assessment—by Product

Therapeutic EquipmentHome Respiratory Therapeutics EquipmentCPAP MachinesCPAP AccessoriesOxygen Delivery EquipmentOxygen ConcentratorsNasal CannulaNebulizersVentilatorsInvasive VentilatorsNon-invasive VentilatorsHumidifiersHome IV EquipmentIV PumpsIV AdministrationIV AccessoriesHome Dialysis EquipmentHome Peritoneal Dialysis ProductsConsumablesDialyzersConcentrates/DialysatesBloodlinesOther Peritoneal Dialysis ConsumablesDevicesCenter-UseHome-UseHome Hemodialysis ProductsConsumablesConcentrates/DialysatesCathetersOther Hemodialysis ConsumablesDevicesPatient Monitoring EquipmentCardiac Monitoring EquipmentBlood Glucose Monitoring EquipmentTemperature Monitoring EquipmentApnea Monitoring EquipmentOther Patient Monitoring EquipmentMobility Assist & Patient Support EquipmentWheelchairsManual WheelchairsPowered WheelchairsWalking Assist DevicesWalkers & RollersCanes & Walking SticksCrutchesBathroom Safety EquipmentMobility ScootersMedical Furniture & Accessories

Home Medical Equipment Market Assessment—by Distribution Channel

Retail Medical StoresHospital PharmaciesE-commerce Channels

Home Medical Equipment Market Assessment—by Geography

North AmericaU.S.CanadaEuropeU.K.GermanyFranceItalySpainSwitzerlandNetherlandsBelgiumRest of EuropeAsia-PacificChinaJapanIndiaRest of Asia-PacificLatin AmericaBrazilMexicoRest of Latin AmericaMiddle East & AfricaSaudi ArabiaUAERest of Middle East & Africa

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Related Reports:

Home Healthcare Market by Offering (Fertility, Pregnancy, Cholesterol Tests, Oximeters, CPAP, Nebulizers, Ventilators, Dialysis, Patient Support Equipment), Services (Rehabilitation, Telehealth, Nursing, Hospice), Application (Cardiovascular, Diabetes, Respiratory) – Global Forecast to 2030

Latin America Home Healthcare Market by Offering (Equipment [Therapeutic {Insulin, Dialysis}, Diagnostic {Blood Pressure, Heart Rate}, Mobility], Services [Skilled {Primary Care, Nursing Nutritional}], Application (CVD, Diabetes, Cancer) – Forecast to 2030

Infusion Pumps Market by Product (Devices [Volumetric, Insulin, Enteral, Ambulatory, PCA], Accessories, Smart Infusion System), Application (Hormones, Antibiotics, Chemotherapy drugs), End User (Hospital, Home Health Care, ACS) – Global Forecast to 2024

About Meticulous Research®

Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.

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Elementix and Lightning Docs Announce Reporting Partnership to Deliver Industry-Comprehensive Data on Business-Purpose Lending

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October 27, 2026

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Each company’s monthly report will draw on shared recorded transaction data and loan-level document data, giving lenders, brokers, and investors a more complete view of current bridge, fix-and-flip, construction, and DSCR lending.

IRVINE, Calif., Oct. 27, 2026 /PRNewswire/ — Elementix, a leading provider of aggregated data on business-purpose lending, and Lightning Docs, the premier loan document automation platform for private lenders, Non-QM lenders, credit unions, and law firms, today announced a data-sharing partnership to strengthen reporting on the business-purpose lending market.

The partnership brings together two complementary datasets. Elementix aggregates recorded real estate transactions nationwide, including mortgages, deeds, satisfactions, assignments, and preforeclosure filings, providing a comprehensive picture of lender activity, loan volume, and market share. Lightning Docs captures loan-level terms at the point of document generation, including interest rates, loan amounts, and loan structures, from a document automation platform used by 60% of the nation’s top 50 private lenders. Combined, the two sources produce a level of coverage and detail that has been unprecedented in the private lending space.

“Private lending has long been an opaque industry, with limited data on interest rates, loan amounts, geographic trends, and other metrics that are vital to running a profitable operation,” said Nema Daghbandan, CEO of Lightning Docs. “Lightning Docs set the standard for monthly private lending market reporting, and this partnership raises it. By pairing our loan-level data with Elementix’s transaction data, we are delivering reporting with the scale, precision, and depth the market has been missing, and providing lenders, brokers, and investors a clearer view of the industry than they have ever had before.”

Each report, delivered at a regular monthly cadence, will cover bridge, fix-and-flip, ground-up construction, and DSCR loans, with aggregated data on interest rates, loan amounts, loan volume, lender activity, geographic trends at the state and regional level. All data will be aggregated and anonymized, with no borrower- or lender-specific loan terms disclosed.

“Managing risk in private lending starts with understanding the borrower and the broader market, yet lenders often have to make decisions with incomplete information. Elementix was built to help lenders understand that risk through public record data, and partnering with Lightning Docs adds the loan-level detail that completes the picture. Together, we’re helping lenders better understand market conditions and bring that context into how they assess and manage risk,” said Cameron Kelliher, founder and CEO of Elementix.

The first joint report is scheduled for release in November 2026. Reports will be published on the Lightning Docs and Elementix websites and distributed to subscribers of both companies.

About Elementix
Elementix is the borrower intelligence platform for private lenders. It helps lenders identify active investors, verify experience for better credit decisions, and reach decision-makers with leading contact data accuracy. For more information, visit www.elementix.com.

About Lightning Docs
Initially developed by nationally recognized private lending attorneys, Lightning Docs is the industry’s leading automated loan document software for lenders who make business-purpose loans. The platform instantly produces attorney-grade, compliant loan documents across all 50 states. It covers every business-purpose loan type, including short-term bridge and fix-and-flip loans, 30-year DSCR rental loans, ground-up construction, and complex modifications. Lightning Docs is the official loan document software of the American Association of Private Lenders®. More than 60% of the nation’s top 50 private lenders use it, along with many of the country’s largest Non-QM lenders. Since 2018, lenders have originated more than $100 billion using Lightning Docs. For more information, visit www.lightningdocs.ai.

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Therap Services Enhances Therap Connect with Personalized Sleep Insights for Human Services Providers

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October 27, 2026

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TORRINGTON, Conn., Oct. 27, 2026 /PRNewswire/ — Therap Services, the national leader in HIPAA-compliant electronic documentation solutions for Intellectual and Developmental Disabilities (IDD), Home and Community-Based Services (HCBS), and Long-Term Services and Supports (LTSS) industries, has introduced advanced Personalized Sleep Insights to its Therap Connect platform. This enhancement integrates ambient room monitoring with sleep tracking data to help care teams understand and optimize environmental factors affecting the sleep quality of individuals.

Understanding Environmental Factors for Better Rest

Tracking overnight sleep patterns is vital for maintaining physical health, emotional well-being, and individual safety. The updated Therap Connect module introduces a ‘Personalized Sleep Insights’ feature that evaluates three months of historical data from Withings sleep monitors and Watchdog room sensors. By evaluating sleep start times alongside ambient room temperature and humidity, the system highlights optimal environmental conditions to support healthier sleep habits and proactive care planning.

Streamlined Platform Workflows and Daily Tracking

Designed for ease of use, this update helps teams manage daily monitoring more efficiently. Staff can quickly review overnight alerts directly on dashboard views, manage notification settings in one place, and conveniently copy form details with a single click. These practical updates save time on routine administrative tasks, allowing care managers and staff to focus on monitoring health parameters.

Frequently Asked Questions (FAQs)

Does Therap Connect offer sleep tracking capabilities? 

Yes. Therap Services provides integrated sleep and health tracking through Therap Connect, combining continuous sensor data with daily documentation tools.

How do Personalized Sleep Insights in Therap Services help human services providers?

It analyzes sleep schedules, room temperature, and humidity data to identify optimal sleep environments, helping care teams make data-informed adjustments to support health outcomes.

Does Therap Connect require extra software for sleep tracking? 

No. Therap Connect operates through its own dedicated, secure web-based portal, allowing teams to access environmental and sleep tracking insights natively without installing third-party software.

For more information about Therap Connect, please visit: https://www.therapconnect.net/

About Therap Services

Therap Services provides HIPAA-compliant software for documentation, communication, reporting, EVV, and billing.

Learn more: https://www.therapservices.net/

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Meet Providi: One Company Behind Cerbo and OptiMantra

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October 27, 2026

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The new name reflects a long-term commitment to the cash-pay personalized care market, where Cerbo and OptiMantra keep their brands and together serve nearly 7,000 clinics.

ATLANTA, Oct. 27, 2026 /PRNewswire/ — Providi launched today as the corporate brand of the company behind Cerbo and OptiMantra, two long-standing products in the cash-pay personalized care market. The companies combined in 2025, backed by a growth investment from Mainsail Partners. Cerbo and OptiMantra will continue as product brands within Providi.

Together, the two providers of electronic health record (EHR) and practice management products support nearly 7,000 clinics. These include functional, integrative, longevity, wellness, direct primary care, concierge, med spa and behavioral health practices. Both have served the market since 2011.

The name Providi combines “provi,” for the provider at the center of every practice, with “vidi,” Latin for “I saw.” It stands for a company that starts with the provider and can see where personalized care is going.

Providi’s mission is to empower personalized care providers to deliver better patient outcomes and create thriving practices. That mission is already shaping the product roadmap. With the Cerbo and OptiMantra teams building together, new capabilities reach providers faster, and AI Scribe is the first example. Available now, Cerbo AI Scribe captures visit notes automatically, so providers spend less time charting between visits or after hours. OptiMantra AI Scribe, built on lessons from the Cerbo launch, is coming to OptiMantra providers soon.

“Personalized care providers built this market one practice at a time, each one designed around the time, attention and care they believe every patient deserves,” said Jeff Hindman, CEO of Providi. “Cerbo and OptiMantra have each earned the trust of thousands of practices, and Providi exists to amplify that work. Coming together as one company accelerates the innovation we can bring to market and enables us to invest more in both products. Our focus remains giving the providers already running our products and the new providers entering the market the technology they need to succeed.”

Providers can expect to log in to the same Cerbo and OptiMantra products, reach out to the same reps and receive support, onboarding and product updates the same way they do today. They will start to see the Providi name at combined events and in company communications, and they’ll feel it in their products: two teams sharing what they learn, active investment in both products and new capabilities reaching their practices sooner.

About Providi

Providi is the company behind Cerbo and OptiMantra, two electronic health record (EHR) and practice management products serving the cash-pay personalized care market. Together, Cerbo and OptiMantra support nearly 7,000 clinics in functional, integrative, longevity, wellness, direct primary care, concierge, med spa and behavioral health. Providi is committed to meeting the specialty workflow needs of these practices and continues to invest in both products to help providers achieve better patient outcomes, grow their practices and operate more efficiently. For more information, visit providico.com.

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