Durable Medical Equipment

Durable Medical Equipment

Global Durable Medical Equipment Market to Reach US$363.0 Billion by 2030

The global market for Durable Medical Equipment estimated at US$222.2 Billion in the year 2023, is expected to reach US$363.0 Billion by 2030, growing at a CAGR of 7.3% over the analysis period 2023-2030. Monitoring & Therapeutic Devices, one of the segments analyzed in the report, is expected to record a 7.2% CAGR and reach US$295.3 Billion by the end of the analysis period. Growth in the Personal Mobility Devices segment is estimated at 8.3% CAGR over the analysis period.

The U.S. Market is Estimated at US$83.4 Billion While China is Forecast to Grow at 10.5% CAGR

The Durable Medical Equipment market in the U.S. is estimated at US$83.4 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$41.1 Billion by the year 2030 trailing a CAGR of 10.5% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 5.3% and 7.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 6.2% CAGR.

Global Durable Medical Equipment Market - Key Trends & Drivers Summarized

Durable Medical Equipment (DME) refers to medical devices and supplies designed for long-term use by patients for therapeutic benefits. These devices are essential in managing chronic conditions and improving the quality of life for individuals with disabilities or mobility challenges. Common examples of DME include wheelchairs, hospital beds, oxygen concentrators, blood glucose monitors, and continuous positive airway pressure (CPAP) machines. DME is typically prescribed by healthcare providers and is often covered by insurance policies, including Medicare and Medicaid, under certain conditions. The use of DME enables patients to receive care and maintain independence in their homes, reducing the need for hospital stays and long-term care facilities.

Technological advancements have significantly enhanced the functionality, comfort, and usability of durable medical equipment. Modern DME products are designed with advanced materials and ergonomic features that improve patient comfort and ease of use. Innovations such as lightweight, foldable wheelchairs and power-assisted mobility devices have made it easier for patients to navigate their environments. Additionally, smart DME devices equipped with sensors and connectivity features enable remote monitoring and management of chronic conditions. For example, smart insulin pumps and glucose monitors allow for real-time tracking and data sharing with healthcare providers, facilitating timely interventions and personalized care. These technological improvements ensure that DME continues to meet the evolving needs of patients and healthcare providers.

The growth in the durable medical equipment market is driven by several factors, including the aging population, increasing prevalence of chronic diseases, and advancements in medical technology. The global rise in the elderly population has led to higher demand for mobility aids and other DME products that support independent living. The increasing incidence of chronic conditions such as diabetes, respiratory disorders, and cardiovascular diseases has also fueled the demand for DME. Technological advancements have expanded the range of available DME products and improved their functionality, driving adoption among patients and healthcare providers. Additionally, government initiatives and healthcare policies promoting home-based care and the use of advanced medical devices are contributing to market growth. As these trends continue to evolve, the demand for durable medical equipment is expected to increase further.

Select Competitors (Total 537 Featured) -

• 3M Company
• Abbott Laboratories, Inc.
• 3M Healthcare Ltd.
• Accuray, Inc.
• A-dec, Inc.
• ACS Diagnostics Inc.
• Acoma Medical Industry Co., Ltd.
• Acceletronics, Inc.
• Accsys Technology, Inc.
• Accutome, Inc.
• ADInstruments Pty., Ltd.
• Advanced Radiation Therapy (AccuBoost)
• Activeaid, LLC
• Acare Technology Co., Ltd.
• Advanced Instrumentations

Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.

The latest version of Adobe Acrobat Reader is required to view the report. Upon ordering an electronic version, the Publisher will provide a link to download the purchased report.

Prior to fulfillment of an order, the client will be required to sign a document detailing the purchase terms for a publication from this publisher.