Global Durable Medical Equipment (DME) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Durable Medical Equipment (DME) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Durable Medical Equipment (DME) is any equipment that provides therapeutic benefits to a patient in need because of certain medical conditions and/or illnesses.

Market Overview:

The latest research study on the global Durable Medical Equipment (DME) market finds that the global Durable Medical Equipment (DME) market reached a value of USD 216081.0 million in 2022. It’s expected that the market will achieve USD 298861.12 million by 2028, exhibiting a CAGR of 5.55% during the forecast period.

Durable Medical Equipment Drivers

The global population is entering an aging stage. The number and proportion of elderly people in almost every country in the world are increasing. Population aging is likely to become one of the most important social trends in the 21st century, and almost all social fields are affected by it, especially in the field of social medical security.
According to the data of World Population Outlook, by 2050, one out of every six people in the world will be over 65 years old (16%), and this figure will be 11 people (9%) in 2019. By 2050, in Europe and North America, one in four people will be 65 years old or older. With the increase of age, the physical functions of the elderly decrease and the risk of illness increases. The elderly is more likely to suffer from cancer, diabetes, cardiovascular diseases (CVD), nervous system diseases and mobility problems, which will increase the market demand of durable medical equipment.

Region Overview:

From 2023-2028, North America is estimated to witness robust growth prospects.

Company Overview:

Medtronic Inc is one of the major players operating in the Durable Medical Equipment (DME) market, holding a share of 1.89% in 2021.

Medtronic Public Limited Company (Medtronic) is a medical technology and services company. The Company develops, manufactures and markets its medical devices and technologies to hospitals, physicians, clinicians and patients in approximately 160 countries.

Medtronic products treat 70 health conditions and include cardiac devices, cranial and spine robotics, insulin pumps, surgical tools, patient monitoring systems, and more. Medtronic therapies help 72 million people a year and support to alleviate pain, restore health, and extend life.

Stryker is one of the world’s leading medical technology companies and, together with its customers, is driven to make healthcare better. The company offers innovative products and services in Orthopaedics, Medical and Surgical, and Neurotechnology and Spine that help improve patient and hospital outcomes.

Segmentation Overview:

Among different product types, Monitoring and Therapeutic Devices segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Hospitals segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Durable Medical Equipment (DME) market covered in Chapter 3:

Drive Medical
Medtronic Inc
Hill Rom
Stryker
Invacare
ArjoHuntleigh
Compass Health Brands
Medline
Getinge AB
Sunrise Medical
GF

In Chapter 4 and Chapter 14.2, on the basis of types, the Durable Medical Equipment (DME) market from 2018 to 2029 is primarily split into:

Personal Mobility Devices
Bathroom Safety Devices
Medical Furniture
Monitoring and Therapeutic Devices

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Durable Medical Equipment (DME) market from 2018 to 2029 covers:

Hospitals
Nursing Homes
Home Healthcare
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)