Durable Medical Equipment Market – By Product (Personal Mobility Devices, Monitoring & Therapeutic Devices, Bathroom Safety Devices, Medical Furniture, Incontinent Pads, Breast Pumps), Payer (Public, Private), End-use – Global Forecast, 2024 – 2032

Durable Medical Equipment Market Size

Durable Medical Equipment Market size was valued at around USD 236.2 billion in 2023 and is expected to grow at a CAGR of 6.1% from 2024 to 2032. The increasing prevalence of chronic diseases worldwide is a major driver of growth in the durable medical equipment (DME) market.
 

Chronic conditions such as diabetes, cardiovascular diseases, respiratory disorders, and musculoskeletal issues require long-term management and care, often involving the use of durable medical equipment. For instance, the International Diabetes Federation reported that, as of 2021, approximately 537 million adults aged 20-79 were living with diabetes globally. As the number of individuals with chronic conditions rises, so does the demand for healthcare mobility solutions, including durable medical equipment.
 

Durable medical equipment (DME) encompasses medical devices and supplies designed for long-term use, typically to manage medical conditions or support daily living activities for individuals with disabilities or chronic illnesses. These items are intended to be reusable and are often prescribed by healthcare providers.
 

Durable Medical Equipment Market Trends

The growth of the durable medical equipment (DME) market is significantly driven by various technological advancements and ongoing developments. These innovations enhance the functionality, usability, and efficiency of DME, meeting the growing demands for quality healthcare solutions, particularly for chronic disease management and elderly care.
 

• The integration of Internet of Things (IoT) technology into DME allows for real-time monitoring, data collection, and remote management of patients. For example, smart medical devices like glucose monitors and connected blood pressure cuffs enable continuous monitoring and data sharing with healthcare providers.
   
• Additionally, innovations in home dialysis technology, such as smaller and more user-friendly machines, enable patients with kidney failure to perform dialysis at home, thereby improving their quality of life.
   
• Moreover, the rise of telehealth has revolutionized the way healthcare is delivered. Telehealth platforms facilitate remote consultations, diagnosis, and management of chronic conditions, reducing the need for frequent hospital visits.
   
• Furthermore, AI-powered diagnostic tools integrated into DME can assist in the early detection and management of chronic diseases, enhancing the effectiveness of treatment plans.
   
• As technology continues to evolve, the DME market is expected to expand further, addressing the increasing healthcare needs of a growing aging population and the rising prevalence of chronic diseases.
   

Durable Medical Equipment Market Analysis

By product, the market is categorized into personal mobility devices, monitoring and therapeutic devices, bathroom safety devices, medical furniture, incontinent pads, breast pumps, catheters, consumables and accessories, and other products. The consumables and accessories segment dominated the market with a revenue of around USD 58.4 million in 2023.
 

• Consumables and accessories are used across various medical fields, including surgery, diagnostics, chronic disease management, and wound care. This broad application spectrum contributes to their dominant market position.
   
• Moreover, managing chronic conditions like diabetes, hypertension, and respiratory illnesses involves the regular use of consumables, such as test strips, syringes, and inhaler accessories. This ongoing need contributes to their increased utilization.
   

By payer, the market is categorized durable medical equipment into public, private, and out-of-pocket. The public segment dominated the market with a revenue share of around 38.3% in 2023.
 

• Public insurance typically covers a wide array of durable medical equipment (DME), including wheelchairs, oxygen equipment, hospital beds, and mobility aids. This comprehensive coverage ensures higher utilization and spending in the public payer segment.
   
• Moreover, regular government funding and policy initiatives aimed at improving healthcare infrastructure and services support the growth of the public payer segment.
   

By end-use, the durable medical equipment market is categorized into hospitals, home healthcare, ambulatory surgical centers, and other end-users. The home healthcare segment dominated the market with a revenue share of around 33.6% 2023.
 

• The global population is aging, with an increasing number of elderly individuals preferring to receive care in the comfort of their homes. This demographic shift significantly drives the demand for home healthcare durable medical equipment (DME).
   
• Additionally, home healthcare is often more cost-effective compared to prolonged hospital stays or institutional care. This cost advantage encourages both patients and healthcare systems to opt for home care solutions.
   

North America durable medical equipment market accounted for USD 76.4 billion in revenue in 2023 and is predicted to witness substantial market growth over the analysis timeline.
 

• The rise in chronic diseases across all age groups necessitates the use of durable medical equipment (DME) for monitoring, treatment, and rehabilitation. Conditions such as diabetes, cardiovascular diseases, and respiratory disorders are particularly significant in the region, leading to increased demand for DME.
   
• Additionally, continuous advancements in technology have resulted in the development of more efficient, user-friendly, and portable DME. These innovations not only improve patient outcomes but also enhance the appeal of using DME.
   

The U.S. durable medical equipment market is anticipated to reach USD 98 billion by 2032, driven by numerous factors.
 

• The U.S. offers favorable reimbursement policies through Medicare, Medicaid, and private insurers, making durable medical equipment (DME) more affordable and accessible to patients.
   
• Furthermore, there is a growing preference for home healthcare due to its cost-effectiveness and the comfort it provides to patients. This trend boosts the demand for DME designed for home use in the country.
   

The durable medical equipment market in UK is expected to experience significant and promising growth from 2024 to 2032.
 

• The UK's regulatory environment supports the introduction and use of advanced DME, ensuring safety and efficacy for patients. Additionally, higher healthcare spending in the UK supports the acquisition and use of advanced DME in various healthcare settings.
   

Japan durable medical equipment market is anticipated to witness lucrative growth between 2024 – 2032.
 

• The Japanese government has implemented various healthcare reforms to support the use of DME, especially in promoting home care and reducing the burden on hospitals. Furthermore, Japan's stable economy allows for higher healthcare spending, supporting the acquisition and use of advanced DME in various healthcare settings.
   

Durable Medical Equipment Market Share

The durable medical equipment industry is fragmented, with various large multinationals and small to mid-sized companies competing within the market. The development and launch of novel devices with improved efficiency and cost-effectiveness are key strategies for durable medical equipment manufacturers, driving both competition and innovation in the industry. This emphasis on innovation aims to address evolving clinical needs and enhance patient outcomes, positioning companies to gain market share and meet the growing demand for advanced durable medical equipment.

Durable Medical Equipment Market Companies

Some of the eminent market participants operating in the durable medical equipment industry include:

• Cardinal Health
• Carex Health Brands, Inc
• Compass Health Brands
• Drive Medical
• General Electric Company.
• Getinge AB
• GF Health Products, Inc.
• Hill-Rom Services, Inc.
• INTCO MEDICAL TECHNOLOGY CO., LTD
• Invacare Corporation
• Medline Industries. Inc
• Medtronic PLC
• ResMed Inc
• Stryker
• Sunrise Medical
   

Durable Medical Equipment Industry News:

• In March 2024, Stryker launched the two new products – “LIFEPAK CR2 automated external defibrillator (AED) for cardiac care” and “Evacuation Chair” for emergency patient evacuation. This launch will expand the company’s product portfolio and may increase their customer base.
   
• In Aprile 2024, Medline announced that it has entered into a definitive agreement to acquire the global surgical solutions business of Ecolab, Inc., including the industry-leading Microtek product lines. This acquisition will expand the company’s market reach and its competitiveness in the market.
   

The durable medical equipment market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2021 to 2032 for the following segments:

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Market, By Product   

• Personal mobility devices
  • Wheelchair and scooter
  • Crutches and canes
  • Walkers
  • Other personal mobility devices
• Monitoring and therapeutic devices
  • Oxygen equipment
  • Blood glucose analyzers
  • Vital sign monitors
  • Infusion pumps
  • Continuous positive airway pressure (CPAP) devices
  • Nebulizers
  • Other monitoring and therapeutic devices
• Bathroom safety devices
• Medical furniture
• Incontinent pads
• Breast pumps
• Catheters
• Consumables and accessories
• Other products

Market, By Payer    

• Public
• Private
• Out-of-pocket

Market, By End-use      

• Hospitals
• Home healthcare
• Ambulatory surgical centers
• Other end-users

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Netherlands
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America
• Middle East and Africa
  • Saudi Arabia
  • South Africa
  • UAE
  • Rest of Middle East and Africa