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Durable Medical Equipment Market Size, Share, Trends, Growth Outlook

Durable Medical Equipment Market Size, Share, Trends, Growth Outlook, and Opportunities to 2030- By Product (Personal Mobility Devices, Bathroom Safety Devices and Medical Furniture, Monitoring and Therapeutic Devices), By End-user (Hospitals, Nursing Homes, Home Healthcare, Others), Countries and Companies Report

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  • |Published Month : October, 2024
  • |No. of Pages : 203

Durable Medical Equipment Market is estimated to increase at a growth rate of 6.4% CAGR over the forecast period from 2024 to 2030.

The Durable Medical Equipment Market study analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments including By Product (Personal Mobility Devices, Bathroom Safety Devices and Medical Furniture, Monitoring and Therapeutic Devices), By End-user (Hospitals, Nursing Homes, Home Healthcare, Others).

 

An Introduction to Durable Medical Equipment Market in 2024

The durable medical equipment (DME) market in 2024 addresses the demand for healthcare products and assistive devices designed for long-term use by patients with chronic illnesses, disabilities, or mobility limitations. DME encompasses a wide range of equipment and devices, including wheelchairs, walkers, hospital beds, oxygen equipment, home dialysis machines, and prosthetic devices, intended to improve patient mobility, independence, and quality of life. Market dynamics are driven by factors such as the increasing prevalence of chronic diseases, the growing aging population, and advancements in medical device technology and materials for enhanced durability, comfort, and usability. Collaboration between DME manufacturers, healthcare providers, and insurance companies drives innovation and market expansion in durable medical equipment, supporting better patient outcomes and healthcare delivery in home and community settings.

Durable Medical Equipment Industry- Market Size, Share, Trends, Growth Outlook

 

Durable Medical Equipment Market Trend: Shift Towards Home-Based Care and Remote Monitoring

A significant trend in the Durable Medical Equipment (DME) market is the shift towards home-based care and remote monitoring. As healthcare systems aim to reduce hospital readmissions, lower healthcare costs, and improve patient outcomes, there is a growing emphasis on providing medical care in the home setting. This trend is driven by factors such as advancements in telemedicine, wearable technology, and connected devices, which enable healthcare providers to remotely monitor patients' vital signs, manage chronic conditions, and deliver personalized care interventions. Additionally, the COVID-19 pandemic has accelerated the adoption of home-based care models, as patients seek alternatives to in-person visits and hospitals prioritize resources for acute care. As a result, the demand for durable medical equipment that supports home-based care, such as home oxygen therapy devices, mobility aids, and remote monitoring systems, is expected to continue growing, driving market expansion in the DME segment.

Durable Medical Equipment Market Driver: Aging Population and Increasing Prevalence of Chronic Diseases

A key driver in the Durable Medical Equipment (DME) market is the aging population and the increasing prevalence of chronic diseases. As populations age worldwide, there is a higher incidence of age-related health conditions and chronic diseases, such as cardiovascular disease, diabetes, respiratory disorders, and musculoskeletal conditions. This demographic trend is driving the demand for durable medical equipment, such as wheelchairs, mobility scooters, hospital beds, and diabetic supplies, to support aging individuals and manage their chronic health needs. Additionally, advancements in medical technology and healthcare delivery models are enabling earlier detection, better management, and longer survival rates for patients with chronic conditions, further fueling the demand for DME products and services. As the global burden of chronic diseases continues to rise, the DME market is expected to experience sustained growth, driven by the need for medical equipment that enhances mobility, independence, and quality of life for individuals with chronic health conditions.

Durable Medical Equipment Market Opportunity: Integration of Smart Technologies and Personalized Solutions

An opportunity for growth in the Durable Medical Equipment (DME) market lies in the integration of smart technologies and personalized solutions into medical devices and equipment. With the proliferation of wearable sensors, IoT connectivity, and artificial intelligence, there is immense potential to enhance the functionality, usability, and effectiveness of DME products. By incorporating smart features such as remote monitoring capabilities, real-time data tracking, and predictive analytics, manufacturers can offer personalized solutions that empower patients to actively manage their health, prevent complications, and optimize treatment outcomes. Additionally, there is an opportunity to leverage data insights from connected devices to improve care coordination, facilitate timely interventions, and streamline healthcare workflows for providers and caregivers. By embracing opportunities for innovation and technology integration, DME manufacturers can differentiate their products in the competitive market landscape, address unmet needs in patient care, and capitalize on the growing demand for personalized and connected healthcare solutions.

 

Durable Medical Equipment Market Segmentation

By Product

Personal Mobility Devices

-Wheelchairs

-Scooters

-Walker and Rollators

-Cranes and Crutches

-Door Openers

-Others

Bathroom Safety Devices and Medical Furniture

-Commodes and Toilets

-Mattress & Bedding Devices

Monitoring and Therapeutic Devices

-Blood sugar monitors

-Continuous passive motion (CPM)

-Infusion pumps

-Nebulizers

-Oxygen equipment

-Continuous Positive Airway Pressure (CPAP)

-Suction pumps

-Traction equipment

-Others

By End-user 

Hospitals

Nursing Homes

Home Healthcare

Others

 

Geographical Analysis

North America (United States, Canada, Mexico)

Europe (Germany, France, United Kingdom, Spain, Italy, Rest of Europe)

Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)

South America (Brazil, Argentina, Rest of South America)

Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)

 

Durable Medical Equipment Market Companies

ArjoHuntleigh

Becton, Dickinson and Company

Carex Health Brands Inc

Compass Health Brands

Drive Medical

General Electric Company

Getinge AB

GF Health Products Inc

Hill Rom Inc

Hill Rom Inc

Invacare Corp

Medline Industries

Medtronic PLC

Resmed Inc

Stryker Corp

Sunrise Medical

 

Reasons to Buy the Durable Medical Equipment Market Study

• Deepen your industry insights and navigate uncertainties for strategy formulation, CAPEX, and Operational decisions

• Gain access to detailed insights on the Durable Medical Equipment Market, encompassing current market size, growth trends, and forecasts till 2030.

• Access detailed competitor analysis, enabling competitive advantage through a thorough understanding of market players, strategies, and potential differentiation opportunities

• Stay ahead of the curve with insights on technological advancements, innovations, and upcoming trends

• Identify lucrative investment avenues and expansion opportunities within the Durable Medical Equipment Market industry, guided by robust, data-backed analysis.

• Understand regional and global markets through country-wise analysis, regional market potential, regulatory nuances, and dynamics

• Execute strategies with confidence and speed through information, analytics, and insights on the industry value chain

• Corporate leaders, strategists, financial experts, shareholders, asset managers, and governmental representatives can make long-term planning scenarios and build an integrated and timely understanding of market dynamics

• Benefit from tailored solutions and expert consultation based on report insights, providing personalized strategies aligned with specific business needs.

TABLE OF CONTENTS

 

1 Introduction to 2024 Durable Medical Equipment Market

1.1 Market Overview

1.2 Quick Facts

1.3 Scope/Objective of the Study

1.4 Market Definition

1.5 Countries and Regions Analyzed

1.6 Units, Currency, and Conversions

1.7 Industry Value Chain

 

2 Research Methodology

2.1 Market Size Estimation

2.2 Sources and Research Methodology

2.3 Data Triangulation

2.4 Assumptions and Limitations

 

3 Executive Summary

3.1 Global Durable Medical Equipment Market Size Outlook, $ Million, 2021 to 2030

3.2 Durable Medical Equipment Market Outlook By Type, $ Million, 2021 to 2030

3.3 Durable Medical Equipment Market Outlook By Product, $ Million, 2021 to 2030

3.4 Durable Medical Equipment Market Outlook By Application, $ Million, 2021 to 2030

3.5 Durable Medical Equipment Market Outlook by Key Countries, $ Million, 2021 to 2030

 

4 Market Dynamics

4.1 Key Driving Forces of Durable Medical Equipment Market Industry

4.2 Key Market Trends in Durable Medical Equipment Market Industry

4.3 Potential Opportunities in Durable Medical Equipment Market Industry

4.4 Key Challenges in Durable Medical Equipment Market Industry

 

5 Market Factor Analysis

5.1 Competitive Landscape

5.1.1 Global Durable Medical Equipment Market Share by Company (%), 2023

5.1.2 Product Offerings by Company

5.2 Porter’s Five Forces Analysis

 

6 Growth Outlook Across Scenarios

6.1 Growth Analysis-Case Scenario Definitions

6.2 Low Growth Scenario Forecasts

6.3 Reference Growth Scenario Forecasts

6.4 High Growth Scenario Forecasts

 

7 Global Durable Medical Equipment Market Outlook By Segments

7.1 Durable Medical Equipment Market Outlook by Segments

By Product

Personal Mobility Devices

-Wheelchairs

-Scooters

-Walker and Rollators

-Cranes and Crutches

-Door Openers

-Others

Bathroom Safety Devices and Medical Furniture

-Commodes and Toilets

-Mattress & Bedding Devices

Monitoring and Therapeutic Devices

-Blood sugar monitors

-Continuous passive motion (CPM)

-Infusion pumps

-Nebulizers

-Oxygen equipment

-Continuous Positive Airway Pressure (CPAP)

-Suction pumps

-Traction equipment

-Others

By End-user 

Hospitals

Nursing Homes

Home Healthcare

Others

 

8 North America Durable Medical Equipment Market Analysis And Outlook To 2030

8.1 Introduction to North America Durable Medical Equipment Markets in 2024

8.2 North America Durable Medical Equipment Market Size Outlook by Country, 2021-2030

8.2.1 United States

8.2.2 Canada

8.2.3 Mexico

8.3 North America Durable Medical Equipment Market size Outlook by Segments, 2021-2030

By Product

Personal Mobility Devices

-Wheelchairs

-Scooters

-Walker and Rollators

-Cranes and Crutches

-Door Openers

-Others

Bathroom Safety Devices and Medical Furniture

-Commodes and Toilets

-Mattress & Bedding Devices

Monitoring and Therapeutic Devices

-Blood sugar monitors

-Continuous passive motion (CPM)

-Infusion pumps

-Nebulizers

-Oxygen equipment

-Continuous Positive Airway Pressure (CPAP)

-Suction pumps

-Traction equipment

-Others

By End-user 

Hospitals

Nursing Homes

Home Healthcare

Others

 

9 Europe Durable Medical Equipment Market Analysis And Outlook To 2030

9.1 Introduction to Europe Durable Medical Equipment Markets in 2024

9.2 Europe Durable Medical Equipment Market Size Outlook by Country, 2021-2030

9.2.1 Germany

9.2.2 France

9.2.3 Spain

9.2.4 United Kingdom

9.2.4 Italy

9.2.5 Russia

9.2.6 Norway

9.2.7 Rest of Europe

9.3 Europe Durable Medical Equipment Market Size Outlook By Segments, 2021-2030

By Product

Personal Mobility Devices

-Wheelchairs

-Scooters

-Walker and Rollators

-Cranes and Crutches

-Door Openers

-Others

Bathroom Safety Devices and Medical Furniture

-Commodes and Toilets

-Mattress & Bedding Devices

Monitoring and Therapeutic Devices

-Blood sugar monitors

-Continuous passive motion (CPM)

-Infusion pumps

-Nebulizers

-Oxygen equipment

-Continuous Positive Airway Pressure (CPAP)

-Suction pumps

-Traction equipment

-Others

By End-user 

Hospitals

Nursing Homes

Home Healthcare

Others

 

10 Asia Pacific Durable Medical Equipment Market Analysis And Outlook To 2030

10.1 Introduction to Asia Pacific Durable Medical Equipment Markets in 2024

10.2 Asia Pacific Durable Medical Equipment Market Size Outlook by Country, 2021-2030

10.2.1 China

10.2.2 India

10.2.3 Japan

10.2.4 South Korea

10.2.5 Indonesia

10.2.6 Malaysia

10.2.7 Australia

10.2.8 Rest of Asia Pacific

10.3 Asia Pacific Durable Medical Equipment Market size Outlook by Segments, 2021-2030

By Product

Personal Mobility Devices

-Wheelchairs

-Scooters

-Walker and Rollators

-Cranes and Crutches

-Door Openers

-Others

Bathroom Safety Devices and Medical Furniture

-Commodes and Toilets

-Mattress & Bedding Devices

Monitoring and Therapeutic Devices

-Blood sugar monitors

-Continuous passive motion (CPM)

-Infusion pumps

-Nebulizers

-Oxygen equipment

-Continuous Positive Airway Pressure (CPAP)

-Suction pumps

-Traction equipment

-Others

By End-user 

Hospitals

Nursing Homes

Home Healthcare

Others

 

11 South America Durable Medical Equipment Market Analysis And Outlook To 2030

11.1 Introduction to South America Durable Medical Equipment Markets in 2024

11.2 South America Durable Medical Equipment Market Size Outlook by Country, 2021-2030

11.2.1 Brazil

11.2.2 Argentina

11.2.3 Rest of South America

11.3 South America Durable Medical Equipment Market size Outlook by Segments, 2021-2030

By Product

Personal Mobility Devices

-Wheelchairs

-Scooters

-Walker and Rollators

-Cranes and Crutches

-Door Openers

-Others

Bathroom Safety Devices and Medical Furniture

-Commodes and Toilets

-Mattress & Bedding Devices

Monitoring and Therapeutic Devices

-Blood sugar monitors

-Continuous passive motion (CPM)

-Infusion pumps

-Nebulizers

-Oxygen equipment

-Continuous Positive Airway Pressure (CPAP)

-Suction pumps

-Traction equipment

-Others

By End-user 

Hospitals

Nursing Homes

Home Healthcare

Others

 

12 Middle East And Africa Durable Medical Equipment Market Analysis And Outlook To 2030

12.1 Introduction to Middle East and Africa Durable Medical Equipment Markets in 2024

12.2 Middle East and Africa Durable Medical Equipment Market Size Outlook by Country, 2021-2030

12.2.1 Saudi Arabia

12.2.2 UAE

12.2.3 Oman

12.2.4 Rest of Middle East

12.2.5 Egypt

12.2.6 Nigeria

12.2.7 South Africa

12.2.8 Rest of Africa

12.3 Middle East and Africa Durable Medical Equipment Market size Outlook by Segments, 2021-2030

By Product

Personal Mobility Devices

-Wheelchairs

-Scooters

-Walker and Rollators

-Cranes and Crutches

-Door Openers

-Others

Bathroom Safety Devices and Medical Furniture

-Commodes and Toilets

-Mattress & Bedding Devices

Monitoring and Therapeutic Devices

-Blood sugar monitors

-Continuous passive motion (CPM)

-Infusion pumps

-Nebulizers

-Oxygen equipment

-Continuous Positive Airway Pressure (CPAP)

-Suction pumps

-Traction equipment

-Others

By End-user 

Hospitals

Nursing Homes

Home Healthcare

Others

 

13 Company Profiles

13.1  Company Snapshot

13.2 SWOT Profiles

13.3 Products and Services

13.4 Recent Developments

13.5 Financial Profile

List of Companies

ArjoHuntleigh

Becton, Dickinson and Company

Carex Health Brands Inc

Compass Health Brands

Drive Medical

General Electric Company

Getinge AB

GF Health Products Inc

Hill Rom Inc

Hill Rom Inc

Invacare Corp

Medline Industries

Medtronic PLC

Resmed Inc

Stryker Corp

Sunrise Medical

 

14 Appendix

14.1 Customization Offerings

14.2 Subscription Services

14.3 Related Reports

14.4 Publisher Expertise

Durable Medical Equipment Market Segmentation

By Product

Personal Mobility Devices

-Wheelchairs

-Scooters

-Walker and Rollators

-Cranes and Crutches

-Door Openers

-Others

Bathroom Safety Devices and Medical Furniture

-Commodes and Toilets

-Mattress & Bedding Devices

Monitoring and Therapeutic Devices

-Blood sugar monitors

-Continuous passive motion (CPM)

-Infusion pumps

-Nebulizers

-Oxygen equipment

-Continuous Positive Airway Pressure (CPAP)

-Suction pumps

-Traction equipment

-Others

By End-user 

Hospitals

Nursing Homes

Home Healthcare

Others

 

Geographical Analysis

North America (United States, Canada, Mexico)

Europe (Germany, France, United Kingdom, Spain, Italy, Rest of Europe)

Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)

South America (Brazil, Argentina, Rest of South America)

Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)

Frequently Asked Questions