Home > Healthcare > Medical Devices > Medical Equipment > Durable Medical Equipment Market
Durable Medical Equipment Market Size
- Report ID: GMI3894
- Published Date: Sep 2024
- Report Format: PDF
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.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Durable Medical Equipment Market Size in 2023: | USD 236.2 Billion |
| Forecast Period: | 2024 – 2032 |
| Forecast Period 2024 – 2032 CAGR: | 6.1% |
| 2024 – 2032 Value Projection: | USD 402.7 Billion |
| Historical Data for: | 2021 – 2023 |
| No. of Pages: | 130 |
| Tables, Charts & Figures: | 200 |
| Segments covered: | Product, Payer, End-Use, and Region |
| Growth Drivers: |
|
| Pitfalls & Challenges: |
|
Frequently Asked Questions (FAQ) :
Durable Medical Equipment Market Scope
