The global durable medical equipment market size was valued at USD 215.22 billion in 2023, driven by growing demand for home-based care and telemedicine across the globe. The market size is anticipated to grow at a CAGR of 6.29% during the forecast period of 2024-2032 to achieve a value of USD 372.66 billion by 2032.
Request a free sample copy in PDF or view the report summary: https://www.expertmarketresearch.com/reports/durable-medical-equipment-market/requestsample
Durable Medical Equipment: Introduction
Durable Medical Equipment (DME) refers to a category of medical devices and equipment intended for long-term use by patients to aid in their medical conditions or disabilities. DME is designed to withstand repeated use and serve medical purposes. Examples include wheelchairs, crutches, oxygen concentrators, hospital beds, and prosthetic devices. These items are typically prescribed by healthcare professionals and often covered by health insurance plans. DME assists individuals in maintaining or improving their quality of life, mobility, or medical condition over an extended period.
Key Trends in the Global Durable Medical Equipment Market
The aging global population, along with the increasing prevalence of chronic diseases, is driving the demand for DME, including items like mobility aids, oxygen equipment, and home healthcare devices.
Patients and healthcare providers are increasingly shifting towards home-based care, which has boosted the demand for DME that allows patients to manage their health conditions in the comfort of their homes.
The integration of telemedicine and remote patient monitoring has increased the need for DME that can transmit health data, enabling healthcare professionals to track patients’ vital signs and conditions from a distance.
DME has benefited from technological innovations, including lightweight and portable designs, connected devices, and improved user interfaces for better patient experiences. The market is moving towards more personalized DME solutions, with customization options and a focus on patient comfort and usability.
Some DME providers are offering rental and subscription models to provide patients with affordable access to equipment, reducing the financial burden of purchasing. DME manufacturers are increasingly looking to expand their market presence globally, tapping into emerging markets with growing healthcare infrastructure.
The trend towards patient-centric care emphasizes patient empowerment and choice in selecting DME, with a focus on their preferences and convenience. In the face of rising healthcare costs, healthcare providers and organizations are turning to DME to reduce hospital admissions and minimize the overall cost of care.
Explore the full report with the table of contents: https://www.expertmarketresearch.com/reports/durable-medical-equipment-market
Global Durable Medical Equipment Market Segmentation
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
Market Breakup by End User
- Hospitals
- Nursing Homes
- Home Healthcare
- Other End User
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Global Durable Medical Equipment Market Overview
North America plays a pivotal role in the global DME market. The United States exhibits dominance due to its well-established healthcare system, high healthcare expenditure, and a significant aging population. Stringent regulatory frameworks govern the production, distribution, and reimbursement of DME in this region.
Europe boasts a mature and advanced DME market, with countries like Germany and the United Kingdom being key contributors. An aging population fuels the demand for various home healthcare devices. Universal healthcare systems in many European countries facilitate patient access to DME through government-funded programs.
The Asia-Pacific region, encompassing countries like China, India, and Japan, is experiencing remarkable growth in the DME market. Factors such as a rapidly aging population, expanding healthcare infrastructure, and a rising prevalence of chronic diseases are driving market expansion. The region is also quick to adopt advanced medical equipment and technologies, enhancing the accessibility and affordability of DME.
Latin America is witnessing a surge in demand for DME, driven by increased healthcare investments and improved access to healthcare services. Prominent markets within the region, such as Brazil, Mexico, and Argentina, offer substantial growth opportunities.
Global dynamics in the DME market include the impact of medical tourism, with patients traveling to different regions for medical procedures and treatments. Additionally, cultural factors greatly influence the types of DME in demand and how healthcare services are delivered in various regions.
Global 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.
About Us:
Acquire unparalleled access to critical industry insights with our comprehensive market research reports, meticulously prepared by a team of seasoned experts. These reports are designed to equip decision-makers with an in-depth understanding of prevailing market trends, competitive landscapes, and growth opportunities.
Our high-quality, data-driven analyses provide the essential framework for organizations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organization remains agile, proactive, and poised for success in today’s competitive market.
Don’t miss the opportunity to elevate your business intelligence and fortify your strategic planning. Secure your organization’s future success by acquiring one of our Expert Market Research reports today.
Media Contact:
Company Name: Claight Corporation
Contact Person: Joe Goldberg, Business Consultant
Email: sales@expertmarketresearch.com
Toll-Free Number: US +1-415-325-5166 | UK +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
