Durable Medical Equipment - Global Strategic Business Report

The global market for Durable Medical Equipment was valued at US$239.5 Billion in 2024 and is projected to reach US$363.0 Billion by 2030, growing at a CAGR of 7.2% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Global Durable Medical Equipment Market - Key Trends & Drivers Summarized

Durable Medical Equipment (DME) refers to medical devices and supplies designed for long-term use by patients for therapeutic benefits. These devices are essential in managing chronic conditions and improving the quality of life for individuals with disabilities or mobility challenges. Common examples of DME include wheelchairs, hospital beds, oxygen concentrators, blood glucose monitors, and continuous positive airway pressure (CPAP) machines. DME is typically prescribed by healthcare providers and is often covered by insurance policies, including Medicare and Medicaid, under certain conditions. The use of DME enables patients to receive care and maintain independence in their homes, reducing the need for hospital stays and long-term care facilities.

Technological advancements have significantly enhanced the functionality, comfort, and usability of durable medical equipment. Modern DME products are designed with advanced materials and ergonomic features that improve patient comfort and ease of use. Innovations such as lightweight, foldable wheelchairs and power-assisted mobility devices have made it easier for patients to navigate their environments. Additionally, smart DME devices equipped with sensors and connectivity features enable remote monitoring and management of chronic conditions. For example, smart insulin pumps and glucose monitors allow for real-time tracking and data sharing with healthcare providers, facilitating timely interventions and personalized care. These technological improvements ensure that DME continues to meet the evolving needs of patients and healthcare providers.

The growth in the durable medical equipment market is driven by several factors, including the aging population, increasing prevalence of chronic diseases, and advancements in medical technology. The global rise in the elderly population has led to higher demand for mobility aids and other DME products that support independent living. The increasing incidence of chronic conditions such as diabetes, respiratory disorders, and cardiovascular diseases has also fueled the demand for DME. Technological advancements have expanded the range of available DME products and improved their functionality, driving adoption among patients and healthcare providers. Additionally, government initiatives and healthcare policies promoting home-based care and the use of advanced medical devices are contributing to market growth. As these trends continue to evolve, the demand for durable medical equipment is expected to increase further.

Scope of the Study

The report analyzes the Durable Medical Equipment market, presented in terms of market value (US$ Thousand). The analysis covers the key segments and geographic regions outlined below.

Segments:

Equipment Type (Monitoring & Therapeutic Devices, Personal Mobility Devices, Other Equipment Types); End-Use (Hospitals, Nursing Homes, Home Healthcare, Other End-Uses).

Geographic Regions/Countries:

World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UAE; Rest of Middle East; Africa.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Monitoring & Therapeutic Devices segment, which is expected to reach US$295.3 Billion by 2030 with a CAGR of a 7.2%. The Personal Mobility Devices segment is also set to grow at 8.1% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, valued at $89.6 Billion in 2024, and China, forecasted to grow at an impressive 10.5% CAGR to reach $41.1 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of major players such as 3M Company, Abbott Laboratories, Inc., 3M Healthcare Ltd., Accuray, Inc., A-dec, Inc. and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Durable Medical Equipment Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Durable Medical Equipment Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Durable Medical Equipment Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Some of the 537 major companies featured in this Durable Medical Equipment market report include:

• 3M Company
• Abbott Laboratories, Inc.
• 3M Healthcare Ltd.
• Accuray, Inc.
• A-dec, Inc.
• ACS Diagnostics Inc.
• Acoma Medical Industry Co., Ltd.
• Acceletronics, Inc.
• Accsys Technology, Inc.
• Accutome, Inc.
• ADInstruments Pty., Ltd.
• Advanced Radiation Therapy (AccuBoost)
• Activeaid, LLC
• Acare Technology Co., Ltd.
• Advanced Instrumentations