Increasing elderly population drives demand for home care and self-health management

As the global population ages, the increasing percentage of individuals aged 65 and older is putting significant pressure on healthcare systems worldwide. This demographic shift is driving a move towards home-based care solutions, as more nursing and personal care transition from hospitals to private residences. With chronic diseases accounting for over 75% of healthcare costs, effective home management is crucial to reducing hospital readmissions and empowering patients in their health journeys.

The global market for home medical devices is projected to surpass $312 billion by 2032, fueled by the rising number of chronic conditions and an aging population. Innovations in technology, such as the Internet of Medical Things (IoMT) and smart homecare systems, are set to revolutionize healthcare delivery, making it more efficient, affordable, and personalized.

To explore the design and engineering implications of this growing trend and understand the future of home medical devices, download our whitepaper now!