The global Medical Devices Market was worth $29,545.34 million in 2019 and is expected to grow at a CAGR of 6 percent from 2021 to 2028, reaching $57,457.87 million. Home medical equipment refers to medical gadgets that provide patients with a safe, convenient, cost-effective, and acceptable environment in their own homes.
The Medical Devices industry has changed in recent years as the frequency of various chronic diseases has increased around the world. Furthermore, due to the large growth in the incidence of chronic obstructive pulmonary disease (COPD) worldwide, oxygen-related products in home medical equipment are gaining widespread usage. Infusion pumps, wheel chairs, apnea monitors, glucose metres, and cannulas are just a few of the devices utilised for patient care at home. Glucose metres, often known as glucometers, are commonly used at home by diabetics to check their blood glucose levels.