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Durable Medical Equipment Market Share

Report ID: GMI3894
Published Date: Sep 2024
Report Format: PDF

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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

Authors: Mariam Faizullabhoy , Gauri Wani

Frequently Asked Questions (FAQ) :

The durable medical equipment market was valued at USD 236.2 billion in 2023 and is expected to grow at 6.1% CAGR during 2024-2032 owing to the increasing prevalence of chronic diseases.

The public segment in the durable market held 38.3% share in 2023 driven by the regular government funding and policy initiatives.

North America durable medical equipment market accounted for USD 76.4 billion in revenue in 2023 due to continuous technological advancements.

Cardinal Health, Carex Health Brands, Inc, Compass Health Brands, Drive Medical, General Electric Company., Getinge AB, GF Health Products, Inc., Hill-Rom Services, Inc., and INTCO MEDICAL TECHNOLOGY CO., LTD among others.