May 01, 2012 05:08 ET

Market Research Forecasts Home Medical Equipment (HME) Market at $26.2 Billion by 2016

ROCKVILLE, MD--(Marketwire - May 1, 2012) - has announced the addition of the new report "Global Markets and Technologies for Home Medical Equipment," to their collection of Biotechnology market reports. For more information, visit

The global market for home medical equipment (HME) was worth $17.9 billion in 2010, nearly $19 billion in 2011, and is expected to reach $26.2 billion by 2016, a CAGR of 6.7%.

The therapeutic device segment was worth $8.8 billion in 2011. This is expected to grow to $12.8 billion in 2016, demonstrating a CAGR of 7.7% between 2011 and 2016.

The market segment for assistive devices was valued at $5.4 billion in 2011, and this revenue is expected to grow at a CAGR of 1.7%, reaching $5.9 billion in 2016.

For more information, visit

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