logo image
search icon
Durable Medical Equipment Market

Durable Medical Equipment Market Size, Share & Trends Analysis Report By Product (Personal Mobility Devices (Wheelchairs, Scooters, Walkers and Rollators, Cranes and Crutches, Door Openers, and Others), Bathroom Safety Devices & Medical Furniture (Commodes and Toilets and Mattress & Bedding Devices), and Monitoring & Therapeutic Devices), By End User, By Region, And By Segment Forecasts, 2023-2031.

Report ID : 2263 | Published : 2023-12-13 | Pages: 179 | Format: PDF/EXCEL

Durable Medical Equipment Market Size is expected to grow at a 6.27% CAGR during the forecast period for 2023-2031.

Durable Medical Equipment Market

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.

Competitive Landscape

Some Major Key Players In The Durable Medical Equipment Market:

  • 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.,
  • Others

Market Segmentation:

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.

Based On The Product, The Monitoring & Therapeutic Devices Durable Medical Equipment Market Segment Is A Major Contributor To The Durable Medical Equipment Market.  

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.

Home Healthcare Segment To Witness Growth At A Rapid Rate.

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.

In The Region, The North American Durable Medical Equipment Market Holds A Significant Revenue Share.

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.

Recent Developments:

  • In Oct 2023, Sunrise Medical completed the acquisition of Ride Designs, a business renowned for its expertise in developing personalized seating solutions for those using wheelchairs. The acquisition indicated a broadening of Sunrise Medical's range of bespoke seating options, clinical knowledge, and service capacities. Ride Designs bolstered Sunrise Medical's track record in mergers and acquisitions, which was deemed a crucial component of its business strategy.
  • In Feb 2022, Invacare Corporation unveiled a more compact iteration of the Invacare AVIVA STORM RX rear-wheel drive electric wheelchair. The narrow base variant of the AVIVA STORM RX, a cutting-edge chair introduced in August 2021, presented various novel enhancements in contrast to the conventional version. The AVIVA STORM RX series represented a significant advancement in the company's rear-wheel-drive power wheelchairs, aiming to enhance the end-user's experience by incorporating cutting-edge design, technology, and performance.

Durable Medical Equipment Market Report Scope

Report Attribute

Specifications

Growth Rate CAGR

CAGR of 6.27 % from 2023 to 2031

Quantitative Units

Representation of revenue in US$ Million and CAGR from 2023 to 2031

Historic Year

2019 to 2022

Forecast Year

2023-2031

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.

Chapter 1. Methodology and Scope

1.1. Research Methodology

1.2. Research Scope & Assumptions

Chapter 2. Executive Summary

Chapter 3. Global Durable Medical Equipment Market Snapshot

Chapter 4. Global Durable Medical Equipment Market Variables, Trends & Scope

4.1. Market Segmentation & Scope

4.2. Drivers

4.3. Challenges

4.4. Trends

4.5. Investment and Funding Analysis

4.6. Industry Analysis – Porter’s Five Forces Analysis

4.7. Competitive Landscape & Market Share Analysis

4.8. Impact of Covid-19 Analysis

Chapter 5. Market Segmentation 1: By Product Estimates & Trend Analysis

5.1. By Product, & Market Share, 2019 & 2031

5.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2023 to 2031 for the following By Product:

5.2.1. Personal Mobility Devices

5.2.1.1. Wheelchairs

5.2.1.2. Scooters

5.2.1.3. Walker and Rollators

5.2.1.4. Cranes and Crutches

5.2.1.5. Door Openers

5.2.1.6. Others

5.2.2. Bathroom Safety Devices & Medical Furniture

5.2.2.1. Commodes and Toilets

5.2.2.2. Mattress & Bedding Devices

5.2.3. Monitoring & Therapeutic Devices

5.2.3.1. Blood sugar monitors

5.2.3.2. Continuous Passive Motion (CPM)

5.2.3.3. Infusion Pumps

5.2.3.4. Nebulizers

5.2.3.5. Oxygen Equipment

5.2.3.6. Continuous Positive Airway Pressure (CPAP)

5.2.3.7. Suction Pumps

5.2.3.8. Traction Equipment

5.2.3.9. Others

Chapter 6. Market Segmentation 2: By End User Estimates & Trend Analysis

6.1. By End User & Market Share, 2019 & 2031

6.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2023 to 2031 for the following By End User:

6.2.1. Hospitals

6.2.2. Nursing Homes

6.2.3. Home Healthcare

6.2.4. Others

Chapter 7. Durable Medical Equipment Market Segmentation 3: Regional Estimates & Trend Analysis

7.1. North America

7.1.1. North America Durable Medical Equipment Market revenue (US$ Million) estimates and forecasts By Product, 2023-2031

7.1.2. North America Durable Medical Equipment Market revenue (US$ Million) estimates and forecasts By End User, 2023-2031

7.1.3. North America Durable Medical Equipment Market revenue (US$ Million) estimates and forecasts by country, 2023-2031

7.2. Europe

7.2.1. Europe Durable Medical Equipment Market revenue (US$ Million) By Product, 2023-2031

7.2.2. Europe Durable Medical Equipment Market revenue (US$ Million) By End User, 2023-2031

7.2.3. Europe Durable Medical Equipment Market revenue (US$ Million) by country, 2023-2031

7.3. Asia Pacific

7.3.1. Asia Pacific Durable Medical Equipment Market revenue (US$ Million) By Product, 2023-2031

7.3.2. Asia Pacific Durable Medical Equipment Market revenue (US$ Million) By End User, 2023-2031

7.3.3. Asia Pacific Durable Medical Equipment Market revenue (US$ Million) by country, 2023-2031

7.4. Latin America

7.4.1. Latin America Durable Medical Equipment Market revenue (US$ Million) By Product (US$ Million) 2023-2031

7.4.2. Latin America Durable Medical Equipment Market revenue (US$ Million) By End User, (US$ Million) 2023-2031

7.4.3. Latin America Durable Medical Equipment Market revenue (US$ Million) by country, 2023-2031

7.5. Middle East & Africa

7.5.1. Middle East & Africa Durable Medical Equipment Market revenue (US$ Million) By Product, (US$ Million) 2023-2031

7.5.2. Middle East & Africa Durable Medical Equipment Market revenue (US$ Million) By End User, (US$ Million) 2023-2031

7.5.3. Middle East & Africa Durable Medical Equipment Market revenue (US$ Million) by country, 2023-2031

Chapter 8. Competitive Landscape

8.1. Major Mergers and Acquisitions/Strategic Alliances

8.2. Company Profiles

8.2.1. Invacare Corporation,

8.2.2. ArjoHuntleigh,

8.2.3. Stryker Corporation,

8.2.4. Drive Medical,

8.2.5. GF Health Products, Inc.,

8.2.6. Sunrise Medical,

8.2.7. Medline Industries,

8.2.8. Hill Rom, Inc.,

8.2.9. Carex Health Brands, Inc

8.2.10. Becton, Dickinson and Company

8.2.11. General Electric Company

8.2.12. Medtronic PLC

8.2.13. Compass Health Brands

8.2.14. Getinge AB

8.2.15. Resmed Inc.

8.2.16. Koninklijke Philips NV,

8.2.17. Medical Device Depot Inc.,

8.2.18. Others

Segmentation of Durable Medical Equipment Market -

Durable Medical Equipment Market By Product-

  • Personal Mobility Devices
    • Wheelchairs,
    • Scooters,
    • Walker and Rollators,
    • Cranes and Crutches,
    • Door Openers,
    • Others
  • Bathroom Safety Devices & Medical Furniture
    • Commodes and Toilets
    • Mattress & Bedding Devices
  • Monitoring & Therapeutic Devices
    • Blood sugar monitors,
    • Continuous Passive Motion (CPM),
    • Infusion Pumps,
    • Nebulizers,
    • Oxygen Equipment,
    • Continuous Positive Airway Pressure (CPAP),
    • Suction Pumps,
    • Traction Equipment,
    • Others

Durable Medical Equipment Market Seg

Durable Medical Equipment Market By End User-

  • Hospitals
  • Nursing Homes
  • Home Healthcare
  • Others

Durable Medical Equipment Market By Region-

North America-

  • The US
  • Canada
  • Mexico

Europe-

  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific-

  • China
  • Japan
  • India
  • South Korea
  • South East Asia
  • Rest of Asia Pacific

Latin America-

  • Brazil
  • Argentina
  • Rest of Latin America

 Middle East & Africa-

  • GCC Countries
  • South Africa
  • Rest of the Middle East and Africa

InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.

Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.

Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.

Secondary research

The secondary research sources that are typically mentioned to include, but are not limited to:

  • Company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings.
  • External and internal proprietary databases, regulatory databases, and relevant patent analysis
  • Statistical databases, National government documents, and market reports
  • Press releases, news articles, and webcasts specific to the companies operating in the market

The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista

Primary Research:

Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies

The contributors who typically take part in such a course include, but are not limited to: 

  • Industry participants: CEOs, CBO, CMO, VPs, marketing/ type managers, corporate strategy managers, and national sales managers, technical personnel, purchasing managers, resellers, and distributors.
  • Outside experts: Valuation experts, Investment bankers, research analysts specializing in specific markets
  • Key opinion leaders (KOLs) specializing in unique areas corresponding to various industry verticals
  • End-users: Vary mainly depending upon the market

Data Modeling and Analysis:

In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.

The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.

To know more about the research methodology used for this study, kindly contact us/click here.

user icon
office icon
mail icon
call icon

This website is secure, and we do not share your personal information with any third party. Privacy Policy

Need Customization
Need specific information/chapter from the report of the custom data table, graph or complete report? Tell us more.

Frequently Asked Questions

What is the Durable Medical Equipment Market Growth?

Medtronic PLC, Compass Health Brands, Getinge AB, Resmed Inc., Koninklijke Philips NV, Medical Device Depot Inc., and Others

Our Clients

  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo

Media Citations

  • media citation logo
  • media citation logo
  • media citation logo
  • media citation logo
  • media citation logo
  • media citation logo
  • media citation logo
  • media citation logo
  • media citation logo

Growth opportunities and latent adjacency in Medical Devices

Select Licence Type
$4456
$7786
$10000
$1200
Get Your GTM Strategy

Navigate market entry with channel selection, launch strategy & timeline, and pricing model support.

Equip yourself with the insights needed to develop a winning go-to-market strategy

Get real-time updates and joint control over project direction with our collaborative approach