Global Durable Medical Equipment Market to Reach US$363.0 Billion by 2030
The global market for Durable Medical Equipment estimated at US$239.5 Billion in the year 2024, is expected to reach US$363.0 Billion by 2030, growing at a CAGR of 7.2% over the analysis period 2024-2030. 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 8.1% CAGR over the analysis period.
The U.S. Market is Estimated at US$89.6 Billion While China is Forecast to Grow at 10.5% CAGR
The Durable Medical Equipment market in the U.S. is estimated at US$89.6 Billion in the year 2024. 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 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 5.2% and 6.9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 6.0% 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.
SCOPE OF STUDY:TARIFF IMPACT FACTOR
Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.
We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.
We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.
As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.
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APRIL 2025: NEGOTIATION PHASE
Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.
JULY 2025 FINAL TARIFF RESET
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