Durable Medical Equipment

Durable Medical Equipment

Durable medical equipment (DME) is the type of medical device that is intended for medical use and can withstand repeated use. These are designed to serve the medical purpose including treatment and rehabilitation. DME includes devices such as personal care devices (wheelchairs, walkers and scooters), hospital beds and other medical equipment.

The burgeoning demand for durable medical equipment is attributed to the rise in the prevalence of chronic diseases impairing functionality across the globe. For instance, According to the Center for Disease Prevention and Control (CDC), 2023 report, around 11.1 % of the people living in the U.S. have a mobility disability, with serious difficulty in walking and climbing stairs. Additionally, as per the above-mentioned source, around 4.9 per cent of U.S. adults have a vision disability with blindness or serious difficulty seeing even when wearing glasses. Furthermore, 5.7 per cent of U.S. adults are deaf or have serious difficulty hearing. Moreover, the increasing focus towards home healthcare for patients with serious medical illnesses is also driving the demand for the durable medical equipment market. Thus, the above-mentioned factors are anticipated to boost the growth of the market in the forecast period.

• Based on product type, the market is segmented into personal mobility devices, bathroom safety devices, monitoring & therapeutic devices, and end-users. The personal mobility devices are sub-segmented into wheelchairs, walkers, scooters, door openers, canes & crutches, and others. The bathroom safety devices are sub-segmented into commodes, toilet rails, and others. the monitoring & therapeutic devices are further sub-segmented into blood & glucose monitor, oxygen equipment, vital sign monitor, infusion pumps and others. Amongst these bathroom safety devices are expected to witness significant growth during the forecast period. This is attributed to the, growing prevalence of age-related disorders such as osteoporosis, and Alzheimer’s amongst the geriatric population is driving the growth of this segment. These devices are portable, flexible and adjustable. This reduces the burden of the caregiver and assistance during toiletries. This is being widely adopted. Thus, the above-mentioned factors are anticipated to fuel the market growth of this segment.
• Based on end-users the market is segmented into hospitals, clinics, ambulatory surgical centers and others. Among these, ambulatory surgical centres captured the majority share of the durable medical equipment market in 2021. The surgical procedures performed in these centres have increased, over the past decays. Additionally, shifting patient preference towards ambulatory centres for surgeries owing to lower cost, faster procedures, low-infection risk, personalized care and specialised expertise. Thus, the above-mentioned factors are anticipated to fuel the growth of this segment in the forecast period.
• For a better understanding of the market adoption of the durable medical equipment industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, and the Rest of North America), Europe (UK, Germany, France, Italy, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), Rest of World. North America dominated the durable medical equipment market in 2021. This is attributed to the presence of the major key players in this region. Additionally, the product launch by these players is also anticipated to fuel the growth in this region. For instance, sunrise medical, 2022 launched two new products these were ZIPPIE Q300 M Mini a pediatric power wheelchair and QUICKIW Q200 R a compact rear-wheel drive power wheelchair. Additionally, the rising prevalence of chronic disease amongst the geriatric population in this region is also fueling the growth of this segment. Thus, the above-mentioned elements are fueling the market growth in this region.
• Some of the major players operating in the market include Sunrise Medical, Invacare Corporation., Stryker, Medline Industries, Inc., GF Health Products, Inc., Carex Health Brands, Baxter., Joerns Healthcare LLC., BD., Medtronic.