The global market for Durable Medical Equipment is estimated at US$222.2 Billion in 2023 and is projected to reach US$363.0 Billion by 2030, growing at a CAGR of 7.3% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
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.
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.
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 8.3% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $83.4 Billion in 2023, and China, forecasted to grow at an impressive 10.5% CAGR to reach $41.1 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Durable Medical Equipment Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Durable Medical Equipment Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Durable Medical Equipment Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 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., and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 537 Featured):
- 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
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISCANADAITALYSPAINRUSSIAREST OF EUROPESOUTH KOREAREST OF ASIA-PACIFICARGENTINABRAZILMEXICOREST OF LATIN AMERICAIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
UNITED KINGDOM
ASIA-PACIFIC
AUSTRALIA
INDIA
LATIN AMERICA
MIDDLE EAST
AFRICA
Companies Mentioned
- 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
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 1294 |
| Published | November 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 222.2 Billion |
| Forecasted Market Value ( USD | $ 363 Billion |
| Compound Annual Growth Rate | 7.3% |
| Regions Covered | Global |
| No. of Companies Mentioned | 15 |
