Global Durable Medical Equipment Market Report and Forecast 2023-2031
Global Durable Medical Equipment Market Outlook
The global durable medical equipment market value in 2022 was USD 215.22 billion driven by the rising demand for home healthcare services across the globe. The market size is anticipated to grow at a CAGR of 6.3% during the forecast period of 2023-2031 to achieve a value of USD 372.66 billion by 2031.
Durable Medical Equipment Introduction
Durable medical equipment (DME) refers to long-lasting medical devices that are used to assist patients in performing their daily activities, manage their medical conditions, or improve their overall quality of life. These devices are designed for repeated use and can be utilized in both clinical and home settings. The global durable medical equipment market encompasses a wide range of products, including mobility aids, personal care aids, respiratory devices, monitoring equipment, and therapeutic devices, among others.
Durable Medical Equipment Market Scenario
The global durable medical equipment market has experienced significant growth in recent years, driven by factors such as the increasing prevalence of chronic diseases, the growing geriatric population, and the rising demand for home healthcare services.
North America: The largest market for durable medical equipment, driven by factors such as the advanced healthcare industry, a high prevalence of chronic diseases, and the presence of major DME manufacturers.
Europe: The second-largest market, with increasing demand for durable medical equipment due to a growing aging population, a supportive regulatory framework, and an expanding home healthcare sector.
Asia-Pacific: Expected to witness the highest growth rate due to factors such as a rapidly aging population, increasing prevalence of chronic diseases, and growing investments in healthcare infrastructure.
Durable Medical Equipment Market Segmentations
Market Breakup by Product
- Personal Mobility Devices
- Wheelchairs
- Scooters
- Walker and Rollators
- Cranes and Crutches
- Door Openers
- Other Devices
- Bathroom Safety Devices and Medical Furniture
- Commodes and Toilets
- Mattress and Bedding Devices
- Monitoring and Therapeutic Devices
- Blood Glucose Monitors
- Continuous Passive Motion (CPM)
- Nebulizers
- Oxygen Equipment
- Continuous Positive Airway Pressure (CPAP)
- Suction Pumps
- Traction Equipment
- Other Equipment
- Hospitals
- Nursing Homes
- Home Healthcare
- Other End User
- North America
- United States of America
- Canada
- Europe
- United Kingdom
- Germany
- France
- Italy
- Others
- Asia Pacific
- China
- Japan
- India
- ASEAN
- Australia
- Others
- Latin America
- Brazil
- Argentina
- Mexico
- Others
- Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Nigeria
- South Africa
- Others
Key Trends in the Durable Medical Equipment Market
Some key trends of the market are as follows:
- Increasing prevalence of chronic diseases: The growing incidence of chronic diseases, such as cardiovascular diseases, diabetes, and cancer, has led to a rising demand for durable medical equipment to manage and treat these conditions, driving market growth.
- Growing geriatric population: The expanding elderly population is more susceptible to chronic diseases and age-related conditions, necessitating the use of durable medical equipment to maintain their independence and quality of life.
- Rising demand for home healthcare services: The increasing preference for home healthcare services to reduce healthcare costs and avoid hospital-acquired infections has boosted the demand for durable medical equipment for home use.
Durable Medical Equipment Market: Competitor Landscape
The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:
- Invacare Corporation
- Sunrise Medical
- ArjoHuntleigh
- Hill-ROM
- Stryker Corporation
- Medline industries INC.
- Drive Medical
- GF Health Products, Inc.
- Carex Health Brands, Inc.
- Becton, Dickinson and Company
- General Electric Company
- Medtronic PLC
- Getinge AB
- Resmed Inc.
- 1 Preface
- 1.1 Objectives of the Study
- 1.2 Key Assumptions
- 1.3 Report Coverage – Key Segmentation and Scope
- 1.4 Research Methodology
- 2 Executive Summary
- 3 Global Durable Medical Equipment Market Overview
- 3.1 Global Durable Medical Equipment Market Historical Value (2016-2022)
- 3.2 Global Durable Medical Equipment Market Forecast Value (2023-2031)
- 4 Global Durable Medical Equipment Market Landscape
- 4.1 Global Durable Medical Equipment Developers Landscape
- 4.1.1 Analysis by Year of Establishment
- 4.1.2 Analysis by Company Size
- 4.1.3 Analysis by Region
- 4.2 Global Durable Medical Equipment Product Landscape
- 4.2.1 Analysis by Product Type
- 4.2.2 Analysis by End User
- 4.2.3 Analysis by Region
- 5 Global Durable Medical Equipment Market Dynamics
- 5.1 Market Drivers and Constraints
- 5.2 SWOT Analysis
- 5.3 Porter’s Five Forces Model
- 5.4 Key Demand Indicators
- 5.5 Key Price Indicators
- 5.6 Industry Events, Initiatives, and Trends
- 5.7 Value Chain Analysis
- 6 Global Durable Medical Equipment Market Segmentation
- 6.1 Global Durable Medical Equipment Market by Product
- 6.1.1 Market Overview
- 6.1.2 Personal Mobility Devices
- 6.1.2.1 Wheelchairs
- 6.1.2.2 Scooters
- 6.1.2.3 Walker and Rollators
- 6.1.2.4 Cranes and Crutches
- 6.1.2.5 Door Openers
- 6.1.2.6 Other Devices
- 6.1.3 Bathroom Safety Devices and Medical Furniture
- 6.1.3.1 Commodes and Toilets
- 6.1.3.2 Mattress and Bedding Devices
- 6.1.4 Monitoring and Therapeutic Devices
- 6.1.4.1 Blood Glucose Monitors
- 6.1.4.2 Continuous Passive Motion (CPM)
- 6.1.4.3 Nebulizers
- 6.1.4.4 Oxygen Equipment
- 6.1.4.5 Continuous Positive Airway Pressure (CPAP)
- 6.1.4.6 Suction Pumps
- 6.1.4.7 Traction Equipment
- 6.1.4.8 Other Equipment
- 6.2 Global Durable Medical Equipment Market by End User
- 6.2.1 Market Overview
- 6.2.2 Hospitals
- 6.2.3 Nursing Homes
- 6.2.4 Home Healthcare
- 6.2.5 Other End User
- 6.3 Global Durable Medical Equipment Market by Region
- 6.3.1 Market Overview
- 6.3.2 North America
- 6.3.3 Europe
- 6.3.4 Asia Pacific
- 6.3.5 Latin America
- 6.3.6 Middle East and Africa
- 7 North America Durable Medical Equipment Market
- 7.1 Market Share by Country
- 7.2 United States of America
- 7.3 Canada
- 8 Europe Durable Medical Equipment Market
- 8.1 Market Share by Country
- 8.2 United Kingdom
- 8.3 Germany
- 8.4 France
- 8.5 Italy
- 8.6 Others
- 9 Asia Pacific Durable Medical Equipment Market
- 9.1 Market Share by Country
- 9.2 China
- 9.3 Japan
- 9.4 India
- 9.5 ASEAN
- 9.6 Australia
- 9.7 Others
- 10 Latin America Durable Medical Equipment Market
- 10.1 Market Share by Country
- 10.2 Brazil
- 10.3 Argentina
- 10.4 Mexico
- 10.5 Others
- 11 Middle East and Africa Durable Medical Equipment Market
- 11.1 Market Share by Country
- 11.2 Saudi Arabia
- 11.3 United Arab Emirates
- 11.4 Nigeria
- 11.5 South Africa
- 11.6 Others
- 12 Patent Analysis
- 12.1 Analysis by Type of Patent
- 12.2 Analysis by Publication year
- 12.3 Analysis by Issuing Authority
- 12.4 Analysis by Patent Age
- 12.5 Analysis by CPC Analysis
- 12.6 Analysis by Patent Valuation
- 12.7 Analysis by Key Players
- 13 Grants Analysis
- 13.1 Analysis by year
- 13.2 Analysis by Amount Awarded
- 13.3 Analysis by Issuing Authority
- 13.4 Analysis by Grant Application
- 13.5 Analysis by Funding Institute
- 13.6 Analysis by NIH Departments
- 13.7 Analysis by Recipient Organization
- 14 Funding Analysis
- 14.1 Analysis by Funding Instances
- 14.2 Analysis by Type of Funding
- 14.3 Analysis by Funding Amount
- 14.4 Analysis by Leading Players
- 14.5 Analysis by Leading Investors
- 14.6 Analysis by Geography
- 15 Partnership and Collaborations Analysis
- 15.1 Analysis by Partnership Instances
- 15.2 Analysis by Type of Partnership
- 15.3 Analysis by Leading Players
- 15.4 Analysis by Geography
- 16 Regulatory Framework
- 16.1 Regulatory Overview
- 16.1.1 US FDA
- 16.1.2 EU EMA
- 16.1.3 INDIA CDSCO
- 16.1.4 JAPAN PMDA
- 16.1.5 Others
- 17 Supplier Landscape
- 17.1 Invacare Corporation
- 17.1.1 Financial Analysis
- 17.1.2 Product Portfolio
- 17.1.3 Demographic Reach and Achievements
- 17.1.4 Mergers and Acquisitions
- 17.1.5 Certifications
- 17.2 Sunrise Medical
- 17.2.1 Financial Analysis
- 17.2.2 Product Portfolio
- 17.2.3 Demographic Reach and Achievements
- 17.2.4 Mergers and Acquisitions
- 17.2.5 Certifications
- 17.3 ArjoHuntleigh
- 17.3.1 Financial Analysis
- 17.3.2 Product Portfolio
- 17.3.3 Demographic Reach and Achievements
- 17.3.4 Mergers and Acquisitions
- 17.3.5 Certifications
- 17.4 Hill-ROM
- 17.4.1 Financial Analysis
- 17.4.2 Product Portfolio
- 17.4.3 Demographic Reach and Achievements
- 17.4.4 Mergers and Acquisitions
- 17.4.5 Certifications
- 17.5 Stryker Corporation
- 17.5.1 Financial Analysis
- 17.5.2 Product Portfolio
- 17.5.3 Demographic Reach and Achievements
- 17.5.4 Mergers and Acquisitions
- 17.5.5 Certifications
- 17.6 Medline industries INC.
- 17.6.1 Financial Analysis
- 17.6.2 Product Portfolio
- 17.6.3 Demographic Reach and Achievements
- 17.6.4 Mergers and Acquisitions
- 17.6.5 Certifications
- 17.7 Drive Medical
- 17.7.1 Financial Analysis
- 17.7.2 Product Portfolio
- 17.7.3 Demographic Reach and Achievements
- 17.7.4 Mergers and Acquisitions
- 17.7.5 Certifications
- 17.8 GF Health Products, Inc.
- 17.8.1 Financial Analysis
- 17.8.2 Product Portfolio
- 17.8.3 Demographic Reach and Achievements
- 17.8.4 Mergers and Acquisitions
- 17.8.5 Certifications
- 17.9 Carex Health Brands, Inc.
- 17.9.1 Financial Analysis
- 17.9.2 Product Portfolio
- 17.9.3 Demographic Reach and Achievements
- 17.9.4 Mergers and Acquisitions
- 17.9.5 Certifications
- 17.10 Becton, Dickinson and Company
- 17.10.1 Financial Analysis
- 17.10.2 Product Portfolio
- 17.10.3 Demographic Reach and Achievements
- 17.10.4 Mergers and Acquisitions
- 17.10.5 Certifications
- 17.11 General Electric Company
- 17.11.1 Financial Analysis
- 17.11.2 Product Portfolio
- 17.11.3 Demographic Reach and Achievements
- 17.11.4 Mergers and Acquisitions
- 17.11.5 Certifications
- 17.12 Medtronic PLC
- 17.12.1 Financial Analysis
- 17.12.2 Product Portfolio
- 17.12.3 Demographic Reach and Achievements
- 17.12.4 Mergers and Acquisitions
- 17.12.5 Certifications
- 17.13 Getinge AB
- 17.13.1 Financial Analysis
- 17.13.2 Product Portfolio
- 17.13.3 Demographic Reach and Achievements
- 17.13.4 Mergers and Acquisitions
- 17.13.5 Certifications
- 17.14 Resmed Inc.
- 17.14.1 Financial Analysis
- 17.14.2 Product Portfolio
- 17.14.3 Demographic Reach and Achievements
- 17.14.4 Mergers and Acquisitions
- 17.14.5 Certifications
- 18 Global Durable Medical Equipment Market- Distribution Model (Additional Insight)
- 18.1 Overview
- 18.2 Potential Distributors
- 18.3 Key Parameters for Distribution Partner Assessment
- 19 Key Opinion Leaders (KOL) Insights (Additional Insight)
- 20 Company Competitiveness Analysis (Additional Insight)
- 20.1 Very Small Companies
- 20.2 Small Companies
- 20.3 Mid-Sized Companies
- 20.4 Large Companies
- 20.5 Very Large Companies
- 21 Payment Methods (Additional Insight)
- 21.1 Government Funded
- 21.2 Private Insurance
- 21.3 Out-of-Pocket
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook