Global Durable Medical Equipment Market Size is valued at USD 241.5 Billion in 2024 and is predicted to reach USD 436.5 Billion by the year 2034 at a 6.2% CAGR during the forecast period for 2025-2034.
Durable medical equipment is a type of medical utility equipment that is made to be used for long-time in-patient care and treatment. These are different from single-use gadgets because they are made to be used for long-term therapy. The need for help with basic bodily processes and everyday motions increases as people age. There is a continual need for durable medical equipment such as wheelchairs, dialysis machines, breathing equipment, and more due to the increase in senior care and nursing homes.
The prevalence of long-term health problems is also rising. While becoming older certainly plays a role, other lifestyle factors, such as insufficient exercise, worsen the situation. Accidents and poor eating habits also contribute to the need for long-term medical devices. Furthermore, the global rise in cardiovascular illness, necessitating continuous monitoring of patient vital signs, is expected to expand the durable medical equipment market.
The market growth is hampered by the high-cost criteria for the safety and health of the durable medical equipment market and the product's inability to prevent fog in environments with dramatic temperature fluctuations or highly durable medical equipment because making, buying, and maintaining long-lasting medical equipment can be quite costly. Healthcare providers and people may be hesitant to engage in cutting-edge technology due to its high initial cost, even if it has the potential to enhance patient final outcomes and overall quality of life.
Global events, such as pandemics or supply chain disruptions, can greatly affect the availability of long-term medical equipment. The government-imposed shutdown caused by the COVID-19 epidemic also interrupted the supply chain of DME. Products, including nebulizers, oxygen concentrators, CPAP machines, and RADs, have experienced disruptions in their supply chains. Complications for high-risk patients caused by storage have contributed to strong market demand for the products.
The durable medical equipment market is segmented based on product and end user. As per the product segment, the market is divided into personal mobility devices, bathroom safety devices & medical furniture and monitoring & therapeutic devices. By end user, the market is segmented into hospitals, nursing homes, home healthcare, and others.
The monitoring and therapeutic devices segment in durable medical equipment market is expected to hold a major global market share in 2022 because of the increasing demand for wireless monitoring devices and the number of lifestyle-related disorders that require health record analysis. There will likely be an increase in the demand for health and fitness monitoring apps and devices like smart glasses, fitness bands, and wristwatches that can track vitals like temperature, heart rate, and oxygen levels and give important health analyses to help people stay safe.
The home healthcare industry makes up the bulk of durable medical equipment because family members can keep tabs on health using equipment and tracking devices. Home healthcare is a cost-effective alternative to hiring medical professionals. Additionally, being in a familiar setting, such as one's own house, might be helpful for a patient's mental health., especially in countries like the US, Germany, the UK, China, and India.
The North American durable medical equipment market is expected to record the maximum revenue share in the near future. It can be attributed to the rapid advancement of cutting-edge medical technology and the concentration of key regional players. The medical and biological sciences are fields that are constantly evolving technologically. Patients must have access to affordable equipment if the market is to accommodate the greatest potential population. In addition, Asia Pacific is estimated to grow rapidly in the global durable medical equipment market because there is a growing number of chronic diseases among the target population, a surge in demand for medical equipment among patients, and several government initiatives and financial schemes focused on expanding healthcare access.
| Report Attribute | Specifications |
| Market size value in 2024 | USD 241.5 Billion |
| Revenue forecast in 2034 | USD 436.5 Billion |
| Growth Rate CAGR | CAGR of 6.2% from 2025 to 2034 |
| Quantitative Units | Representation of revenue in US$ Million and CAGR from 2025 to 2034 |
| Historic Year | 2021 to 2024 |
| Forecast Year | 2025-2034 |
| Report Coverage | The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
| Segments Covered | By Product, End-User |
| Regional Scope | North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
| Country Scope | U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; South East Asia; South Korea |
| Competitive Landscape | Invacare Corporation, ArjoHuntleigh, Stryker Corporation, Drive Medical, GF Health Products, Inc., Sunrise Medical, Medline Industries, Hill Rom, Inc., Carex Health Brands, Becton, Dickinson and Company, General Electric Company, Medtronic PLC, Compass Health Brands, Getinge AB, Resmed Inc., Koninklijke Philips NV, Medical Device Depot Inc., and Others |
| Customization Scope | Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
| Pricing And Available Payment Methods | Explore pricing alternatives that are customized to your particular study requirements. |
Durable Medical Equipment Market By Product-
Durable Medical Equipment Market By End User-
Durable Medical Equipment Market By Region-
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
This study employed a multi-step, mixed-method research approach that integrates:
This approach ensures a balanced and validated understanding of both macro- and micro-level market factors influencing the market.
Secondary research for this study involved the collection, review, and analysis of publicly available and paid data sources to build the initial fact base, understand historical market behaviour, identify data gaps, and refine the hypotheses for primary research.
Secondary data for the market study was gathered from multiple credible sources, including:
These sources were used to compile historical data, market volumes/prices, industry trends, technological developments, and competitive insights.
Primary research was conducted to validate secondary data, understand real-time market dynamics, capture price points and adoption trends, and verify the assumptions used in the market modelling.
Primary interviews for this study involved:
Interviews were conducted via:
Primary insights were incorporated into demand modelling, pricing analysis, technology evaluation, and market share estimation.
All collected data were processed and normalized to ensure consistency and comparability across regions and time frames.
The data validation process included:
This ensured that the dataset used for modelling was clean, robust, and reliable.
The bottom-up approach involved aggregating segment-level data, such as:
This method was primarily used when detailed micro-level market data were available.
The top-down approach used macro-level indicators:
This approach was used for segments where granular data were limited or inconsistent.
To ensure accuracy, a triangulated hybrid model was used. This included:
This multi-angle validation yielded the final market size.
Market forecasts were developed using a combination of time-series modelling, adoption curve analysis, and driver-based forecasting tools.
Given inherent uncertainties, three scenarios were constructed:
Sensitivity testing was conducted on key variables, including pricing, demand elasticity, and regional adoption.