The Indian home medical equipment market is anticipated to grow at a CAGR of 8.1% during the forecast period. The growth of the market is driven by the increasing prevalence of chronic diseases such as hypertension and diabetes among others that can be easily managed at home with the use of a few home medical equipment. Moreover, rising disposable income and increasing awareness of the people for home equipment such as pregnancy diagnostic kits among others is also a major factor for the market growth in the country. However, the low coverage for home medical care in healthcare insurance coupled with reluctance by the geriatric population for the use of medical equipment at home are restraining the growth of India’s home medical equipment industry.
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The Indian home medical equipment market is segmented based on the type and distribution channel. By type, it is further sub-segmented into diagnostic and monitoring devices, therapeutic devices, mobility care devices, and medical furniture. Diagnostic and monitoring devices will witness lucrative growth during the forecast period. The diagnostic and monitoring devices include blood pressure monitoring devices, glucose monitoring devices, oxygen & airflow monitoring devices, temperature monitors, baby monitors, and others. Other include pregnancy and ovulation kits, INR self-monitors HIV kits, among others. The therapeutics devices include dialysis equipment, respiratory equipment, cold therapy system, insulin delivery equipment, and others. Respiratory equipment is expected to hold a major market share during the forecast period. Mobility care devices include wheelchairs, mobility scooters, and walkers, rollators, canes, & crutches. Medical furniture sub-segment includes bathroom safety furniture and bedroom safety furniture. Based on the distribution channel, the market is bifurcated into online and offline channels. Online channels will witness an exponential growth rate during the forecast period.
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India Home Medical Equipment Market Segmentation
By Type
- Diagnostic and Monitoring Device
- Blood Pressure Monitors
- Glucose Monitoring Devices
- Oxygen & Air Monitoring Devices (Pulse Oximeter, Peak Flow Meters)
- Temperature Monitor
- Baby Monitor
- Others (Pregnancy and Ovulation Kits, INR self-monitors, Holter & Event Monitors, HIV Test Kit, Vital Signs Monitors)
- Therapeutic Devices
- Dialysis Equipment
- Respiratory Equipment (Sleep Apnea Devices, Oxygen Concentrator, Nebulizer, Inhalers, Oxygen Cylinders, PEP Devices)
- Cold Therapy System
- Insulin Delivery Equipment
- Others (Ventilators)
- Mobility Care Devices
- Wheelchair
- Mobility Scooters
- Walkers, Canes, and Crutches
- Medical Furniture
- Bathroom Safety Furniture (Toilet Safety Rail, Bathtub Safety Rail, Grab Bar, Bath Chair)
- Bedroom Safety Furniture (Bed Rail, Overbed Table, Lift Chair)
By Distribution Channel
- Online Channel
- Offline Channel
Company Profiles
- Abbott Laboratories
- B. Braun Melsungen AG
- Baxter International Inc
- Cardinal Health Inc
- Cipla Ltd.
- F. Hoffmann-La Roche Ltd.
- Fresenius SE & Co. KGaA
- General Electric Co.
- Invacare Corp.
- Koninklijke Philips N.V.
- Mankind Pharma Ltd.
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