The way in which the worldwide home medical equipment market is utilized relies on the growth of epidemiology and demography. Growing attempts towards battling chronic diseases are expected to increase the demand for this market.
Home medical equipments, like ventilators and moveable oxygen concentrators are anticipated to propel the market ahead. Increasing people born in the demographic post world war two baby boom and the growing geriatric population are also estimated to act as key drivers of the home medical equipment market.
North America leads the worldwide market. This is due to its large number of suppliers, high medical expenses and improved medical infrastructure.