Home Medical Equipment Market in India

Home Medical Equipment in India Trends and Forecast

The future of the home medical equipment market in India looks promising with opportunities in the pharmacy, retail medical store, and online retailer markets. The global home medical equipment market is expected to grow with a CAGR of 6.5% from 2025 to 2031. The home medical equipment market in India is also forecasted to witness strong growth over the forecast period. The major drivers for this market are the high prevalence of chronic diseases, the growth of the geriatric population across the globe, and the high need for self-health management.

• Lucintel forecasts that, within the equipment type category, therapeutic equipment will remain the largest segment over the forecast period due to growing adaption of therapeutic products for home care including home respiratory therapy products and ventilators..
• Within the distribution channel category, retail medical stores will remain the largest segment due to it’s wide availability in both the urban and rural areas and it also becomes easy for patients to pick up their prescriptions and other medical supplies.

Emerging Trends in the Home Medical Equipment Market in India

The home medical equipment market in India is experiencing rapid growth due to increasing health awareness, rising prevalence of chronic diseases, and a shift toward home-based healthcare solutions. Advances in technology, such as telemedicine, wearable devices, and smart monitoring systems, combined with improved digital infrastructure and government support, are driving this transformation. Patients are seeking convenient, affordable, and personalized care options, resulting in the increased adoption of home medical devices. These developments are changing healthcare delivery by making it more accessible, efficient, and patient-centered across urban and rural India.

• Telehealth and Remote Monitoring Expansion: Telehealth and remote patient monitoring have gained widespread acceptance, especially in underserved rural and semi-urban regions. These technologies allow real-time health data sharing, reducing the frequency of hospital visits and healthcare costs. Remote monitoring supports chronic disease management and post-treatment care effectively, providing continuous patient engagement. Increased smartphone usage and better internet connectivity facilitate virtual consultations and monitoring, improving healthcare accessibility. This trend is critical in bridging the healthcare gap, enabling timely medical intervention and enhancing patient outcomes.
• Growth of Wearable Medical Devices: Wearable medical devices, including fitness bands, glucose monitors, and smartwatches, are becoming increasingly popular. These devices enable continuous tracking of vital signs, encouraging individuals to manage their health proactively and detect abnormalities early. The growing health consciousness among younger, urban populations drives demand. Advancements in technology and affordability have expanded access to these devices, making them a vital part of home healthcare. Wearables help in early diagnosis and management, reducing hospital admissions and promoting healthier lifestyles.
• Increased Adoption of Home Oxygen Therapy: Home oxygen therapy demand surged during the COVID-19 pandemic and continues to grow for patients with respiratory illnesses. Portable oxygen concentrators and related equipment provide critical support for chronic lung conditions outside hospital settings. Availability of rental services and affordable purchasing options has made home oxygen therapy accessible to a broader population. This shift eases hospital overcrowding and offers patients the comfort and convenience of receiving care at home, improving overall quality of life for respiratory patients.
• Integration of Artificial Intelligence and IoT: Artificial intelligence and Internet of Things technologies are being integrated into home medical equipment to create smarter, connected devices. These innovations enable predictive health analytics, early disease detection, and automated alerts, enhancing patient care and safety. Personalized treatment plans and better communication between patients and healthcare providers are possible through AI- and IoT-enabled devices. Growing digital literacy and mobile network expansion in India support adoption, paving the way for more efficient and responsive home healthcare solutions.
• Government Support and Policy Initiatives: The Indian government is actively promoting home healthcare through telemedicine policies, chronic disease programs, and incentives for medical device manufacturers. Subsidies, tax benefits, and public-private partnerships improve the affordability and accessibility of home medical equipment. Regulatory frameworks encourage innovation and market growth, making it easier for providers to deliver home-based care. These efforts are fostering a supportive environment for industry expansion, increasing the reach of home medical equipment to diverse populations, and improving overall healthcare outcomes.

Emerging trends such as telehealth, wearable devices, home oxygen therapy, AI integration, and government support are fundamentally reshaping the home medical equipment market in India. These trends enhance accessibility, affordability, and personalization of healthcare, enabling patients to receive quality care at home. Collectively, they reduce the strain on traditional healthcare facilities and improve patient outcomes. As these developments continue to evolve, the home medical equipment market in India is poised for significant growth, transforming the healthcare landscape toward a more patient-centric and technologically advanced future.

Recent Developments in the Home Medical Equipment Market in India

The home medical equipment market in India is undergoing significant transformation, driven by technological advancements, policy support, and evolving consumer preferences. The integration of digital health solutions, coupled with strategic government initiatives, is reshaping the landscape of home healthcare. This evolution is not only enhancing accessibility and affordability but also fostering innovation and local manufacturing. As the market expands, these developments are poised to address the growing demand for personalized and efficient healthcare services at home.

• Integration of Advanced Technology in Home Medical Equipment: Manufacturers in India are increasingly incorporating Internet of Things (IoT) capabilities, artificial intelligence (AI), and remote monitoring features into home medical devices. Products such as smart oxygen concentrators, AI-driven CPAP machines, and mobile app-enabled blood pressure monitors are gaining popularity. These innovations facilitate real-time health tracking and personalized care, improving patient outcomes and reducing the need for frequent hospital visits. The government push towards digital healthcare further supports this trend, making technology-rich devices a key differentiator in the market.
• Growth of Rental and Subscription-Based Models: The high cost of medical equipment has led to a surge in rental and subscription-based models in India. These models allow patients to access essential devices like wheelchairs, hospital beds, and oxygen concentrators without significant upfront investment. The convenience of bundled services, including maintenance and delivery, has made these models particularly attractive in rural and lower-income communities. Digital platforms and startups are leveraging technology to streamline these services, expanding their reach and user base.
• Expansion of Telemedicine and Remote Patient Monitoring: Telemedicine and remote patient monitoring (RPM) are becoming integral components of India home healthcare ecosystem. Platforms offering virtual consultations and real-time health monitoring are gaining traction, especially in rural areas with limited access to healthcare facilities. Government initiatives like the Ayushman Bharat Digital Mission are accelerating the adoption of digital health solutions, further driving the demand for home-based monitoring devices such as glucose meters, blood pressure monitors, and ECG devices.
• Policy Support and Infrastructure Development: The Indian government proactive approach, exemplified by the National Medical Devices Policy 2023, aims to enhance the domestic medical device sector growth. The policy focuses on improving accessibility, affordability, quality, and innovation in medical devices. Additionally, initiatives like the Production-Linked Incentive (PLI) scheme and the establishment of medical device parks are encouraging local manufacturing and reducing dependency on imports. These efforts are expected to bolster the availability and affordability of home medical equipment across the country.
• Surge in Demand for Wearable and Portable Health Devices: There is a growing demand for wearable and portable health devices in India, driven by the increasing prevalence of chronic conditions such as diabetes, hypertension, and respiratory diseases. Devices like smartwatches, fitness trackers, and portable oxygen concentrators are becoming essential tools for continuous health monitoring. The convenience and real-time data provided by these devices empower patients to manage their health proactively, leading to improved health outcomes and reduced healthcare costs.

The home medical equipment market in India is experiencing a paradigm shift, influenced by technological innovations, supportive policies, and changing consumer behaviors. The integration of advanced technologies, coupled with flexible service models and governmental support, is enhancing the accessibility and quality of home healthcare. As these developments continue to unfold, they are expected to significantly impact the delivery of healthcare services, making them more personalized, efficient, and patient-centric.

Strategic Growth Opportunities for Home Medical Equipment Market in India

The home medical equipment market in India is rapidly evolving, driven by rising healthcare awareness, chronic disease prevalence, and technological advancements. Key applications such as respiratory care, mobility assistance, diabetes management, cardiovascular health, and rehabilitation are emerging as pivotal growth areas. These segments offer strategic opportunities by addressing unmet patient needs, improving quality of life, and enhancing healthcare accessibility. As India’s healthcare landscape shifts towards home-based care, capitalizing on these applications will be crucial for sustained market growth and innovation.

• Respiratory Care Equipment: Respiratory ailments, exacerbated by pollution and lifestyle factors, are a significant health concern in India. Growth opportunities lie in advanced home-use devices such as oxygen concentrators, nebulizers, and CPAP machines. These devices enable effective management of chronic respiratory diseases like COPD and asthma, reducing hospital visits and healthcare costs. With increased awareness and government initiatives supporting respiratory health, demand for user-friendly, portable, and connected respiratory equipment is rising. This segment expansion drives innovation in remote monitoring and telehealth integration, improving patient adherence and outcomes.
• Mobility Assistance Devices: India’s aging population and increasing incidence of disabilities fuel demand for mobility assistance equipment such as wheelchairs, walkers, and stairlifts. This application area offers growth through the development of ergonomic, lightweight, and smart mobility devices. Rental and subscription models are enhancing accessibility, especially for economically challenged groups. Innovations like AI-powered mobility aids and IoT-enabled tracking improve safety and independence for users. Increasing urbanization and infrastructure development further support market expansion by facilitating the ease of access and delivery of mobility solutions.
• Diabetes Management Tools: India’s growing diabetic population necessitates advanced home medical equipment for blood glucose monitoring, insulin delivery, and data management. Continuous glucose monitors (CGMs) and smart insulin pens represent high-growth opportunities by offering real-time tracking and personalized diabetes care. Integration with mobile apps and telemedicine platforms improves patient engagement and treatment adherence. Government health programs targeting non-communicable diseases also bolster demand. This application area benefits from increased consumer health awareness and affordability of digital health solutions, making diabetes management a key driver of market growth.
• Cardiovascular Health Devices: Cardiovascular diseases remain a leading cause of mortality in India, underscoring the importance of home-based monitoring tools such as blood pressure monitors, ECG devices, and wearable heart rate monitors. Growth opportunities exist in the development of affordable, accurate, and easy-to-use devices that support early detection and continuous monitoring. Integration with telehealth platforms facilitates timely medical intervention and personalized care. Rising consumer focus on preventive health and lifestyle management fuels demand, positioning cardiovascular health devices as a strategic segment for innovation and expansion.
• Rehabilitation and Physiotherapy Equipment: Post-acute care and chronic condition management require effective rehabilitation solutions at home. Devices like TENS units, exercise equipment, and assistive therapy tools present growth potential by enabling physical therapy outside clinical settings. This segment is gaining traction with increasing awareness of the benefits of early rehabilitation and long-term care. Innovations in portable, user-friendly devices and virtual physiotherapy platforms are enhancing patient compliance and outcomes. The growing geriatric population and rising incidence of musculoskeletal disorders make rehabilitation equipment a critical market opportunity.

Strategic growth opportunities in respiratory care, mobility assistance, diabetes management, cardiovascular health, and rehabilitation are transforming the home medical equipment market in India. These application-focused segments address critical healthcare challenges by enhancing accessibility, personalization, and patient empowerment. Leveraging technology integration, innovative business models, and supportive policies will be essential to unlocking the full potential of these opportunities. As a result, the home medical equipment market is set to become more dynamic, patient-centric, and responsive to India’s evolving healthcare needs.

Home Medical Equipment Market in India Driver and Challenges

The home medical equipment market in India is influenced by a combination of technological, economic, and regulatory factors that act as major drivers and challenges. Advancements in digital health technologies, increasing healthcare awareness, and government support are driving market growth. However, economic constraints, infrastructure gaps, and regulatory complexities present significant challenges. Understanding these elements is critical for stakeholders aiming to capitalize on growth opportunities while navigating obstacles. This analysis highlights five key drivers and three major challenges shaping the home medical equipment landscape in India.

The factors responsible for driving the home medical equipment market in India include:
• Technological Innovation and Digital Integration: Rapid technological advancements in IoT, artificial intelligence, and telemedicine are revolutionizing home medical equipment in India. Smart devices that offer real-time monitoring and remote health management are increasingly adopted. These innovations enhance patient engagement, improve treatment adherence, and reduce hospital visits. Digital integration enables personalized care and expands reach, especially in rural areas. The ongoing digital transformation creates opportunities for device manufacturers and service providers to develop innovative, user-friendly products that address evolving healthcare needs.
• Growing Prevalence of Chronic Diseases: The rising incidence of chronic conditions such as diabetes, cardiovascular diseases, and respiratory disorders is a critical driver for home medical equipment demand. Patients require continuous monitoring and management that home-based devices can facilitate effectively. This trend increases demand for blood glucose monitors, oxygen concentrators, blood pressure monitors, and related equipment. The shift towards home care also reduces healthcare system burdens by minimizing hospital admissions. The increasing chronic disease burden fuels sustained market growth and encourages innovation in long-term health monitoring solutions.
• Government Initiatives and Policy Support: The Indian government has introduced various policies to promote domestic manufacturing and accessibility of medical devices. Initiatives like the National Medical Devices Policy and Production-Linked Incentive schemes encourage local production and reduce import dependence. Additionally, digital health missions support telemedicine and remote patient monitoring expansion. These efforts improve affordability, quality, and availability of home medical equipment. Government backing fosters a favorable ecosystem for investment and innovation, accelerating market development and ensuring broader access to essential healthcare tools.
• Increasing Healthcare Awareness and Patient Empowerment: Growing awareness about health management and preventive care is prompting more individuals to adopt home medical devices. Patients and caregivers are becoming proactive in managing health conditions, seeking convenient and reliable equipment for daily use. This cultural shift supports demand for wearable devices, remote monitoring tools, and mobility aids. Enhanced health literacy enables patients to engage actively with healthcare providers, improving outcomes. As education and awareness rise, the home medical equipment market benefits from greater consumer acceptance and sustained adoption rates.
• Expansion of Telemedicine and Remote Care Services: Telemedicine growth is closely tied to the home medical equipment market in India. Remote consultations and digital health platforms require compatible devices to capture and transmit health data. This creates demand for connected monitoring tools such as glucometers, ECG devices, and pulse oximeters. Telemedicine reduces barriers to care, especially in rural regions, by linking patients to specialists. The integration of home devices with telehealth services promotes continuous care and early intervention, driving market expansion and enabling innovative service delivery models.

Challenges in the home medical equipment market in India are:
• Economic Constraints and Affordability Issues: Despite growth potential, affordability remains a significant challenge in India. Many patients, especially in rural and low-income groups, find advanced medical devices costly. High prices limit adoption, and out-of-pocket healthcare expenses are a barrier. Although rental and subscription models provide alternatives, widespread affordability is still a concern. Economic disparities restrict market penetration and require manufacturers to balance cost and quality. Addressing affordability is essential to expanding access and ensuring equitable healthcare delivery across diverse population segments.
• Infrastructure and Supply Chain Limitations: Infrastructure gaps and logistical challenges hamper the efficient distribution and maintenance of home medical equipment in India. Rural and remote areas face difficulties with device availability, timely servicing, and technical support. Poor connectivity and a lack of trained personnel further complicate adoption. These supply chain constraints reduce market reach and impact customer satisfaction. Overcoming infrastructure limitations demands investments in distribution networks, training programs, and after-sales services to ensure reliable access and sustained usage of home medical devices.
• Regulatory Complexity and Compliance Issues: The home medical equipment sector in India must navigate a complex regulatory environment that can delay product approvals and market entry. Compliance with quality standards, safety regulations, and certification requirements poses challenges for manufacturers, particularly smaller firms. Regulatory uncertainties can increase costs and hinder innovation. Streamlining regulatory processes and enhancing clarity will be crucial to supporting growth. Addressing these compliance challenges is vital for fostering a competitive market that delivers safe and effective medical equipment to consumers.

The home medical equipment market in India is shaped by powerful drivers such as technological innovation, rising chronic disease prevalence, government support, increased awareness, and telemedicine expansion. However, economic constraints, infrastructure limitations, and regulatory complexities present ongoing challenges. Together, these factors create a dynamic environment where stakeholders must strategically innovate and adapt. Successfully addressing challenges while leveraging drivers will determine the market ability to grow sustainably and deliver accessible, high-quality home healthcare solutions across India.

List of Home Medical Equipment Market in India Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. Through these strategies, home medical equipment companies cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the home medical equipment companies profiled in this report include:
• Company 1
• Company 2
• Company 3
• Company 4
• Company 5
• Company 6
• Company 7
• Company 8

Home Medical Equipment Market in India by Segment

The study includes a forecast for the home medical equipment market in India by equipment type and distribution channel.

Home Medical Equipment Market in India by Equipment Type [Analysis by Value from 2019 to 2031]:

• Therapeutic Equipments
• Patient Monitoring Equipments
• Mobility Assist and Patient Support Equipments

Home Medical Equipment Market in India by Distribution Channel [Analysis by Value from 2019 to 2031]:

• Pharmacies
• Retail Medical Stores
• Online Retailers

Features of the Home Medical Equipment Market in India

Market Size Estimates: Home medical equipment in India market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends and forecasts by various segments.
Segmentation Analysis: Home medical equipment in India market size by equipment type and distribution channel in terms of value ($B).
Growth Opportunities: Analysis of growth opportunities in different equipment type and distribution channel for the home medical equipment in India.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the home medical equipment in India.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

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FAQ

Q1. What are the major drivers influencing the growth of the home medical equipment market in India?
Answer: The major drivers for this market are the high prevalence of chronic diseases, the growth of the geriatric population across the globe, and the high need for self-health management.
Q2. What are the major segments for home medical equipment market in India?
Answer: The future of the home medical equipment market in India looks promising with opportunities in the pharmacy, retail medical store, and online retailer markets.
Q3. Which home medical equipment market segment in India will be the largest in future?
Answer: Lucintel forecasts that therapeutic equipment will remain the largest segment over the forecast period due to growing adaption of therapeutic products for home care including home respiratory therapy products and ventilators..
Q4. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 10 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the home medical equipment market in India by equipment type (therapeutic equipments, patient monitoring equipments, and mobility assist and patient support equipments), and distribution channel (pharmacies, retail medical stores, and online retailers)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.4. What are the business risks and competitive threats in this market?
Q.5. What are the emerging trends in this market and the reasons behind them?
Q.6. What are some of the changing demands of customers in the market?
Q.7. What are the new developments in the market? Which companies are leading these developments?
Q.8. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.9. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.10. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Home Medical Equipment Market in India, Home Medical Equipment Market in India Size, Home Medical Equipment Market in India Growth, Home Medical Equipment Market in India Analysis, Home Medical Equipment Market in India Report, Home Medical Equipment Market in India Share, Home Medical Equipment Market in India Trends, Home Medical Equipment Market in India Forecast, Home Medical Equipment Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.