Global Durable Medical Equipment (DME) Market Highlights Over 2022 - 2031

The global durable medical equipment (DME) market is estimated to garner around USD 270 billion in revenue by 2031 by growing at a CAGR of nearly 6% over the forecast period, i.e., 2022 – 2031. The growth of the market can be attributed to the growing geriatric population and the rising demand for home healthcare services on the back of increasing patients’ preference of availing post-operative and long-term care at home. For instance, according to the World Ageing Population Report 2019 by the United Nations, the number of people aged 65 years and above was 703 million, globally, in 2019 and is expected to double to be more than 1.5 billion in 2050. Additionally, the utility of durable medical equipment for diverse aspects, such as BP monitoring, blood glucose analyzers, nebulizers and many others are further expected to boost the market growth.

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The COVID-19 pandemic has had a positive impact on the durable medical equipment market owing to the huge demand for durable medical equipment during the pandemic. As a result, the demand for this equipment increased in hospitals and nursing homes.

However, high cost involved in the manufacturing of durable medical equipment, and the lack of skilled personnel to operate the equipment are the key factors restraining the growth of the market.

The market is segmented by the device into personal mobility devices, medical furniture, bathroom safety devices, monitoring and therapeutic devices, and others. Among these segments, the personal mobility devices segment is anticipated to hold the major share over the forecast period. The growth can be attributed to the launch of technologically advanced products with more comfort and portability.

Global Durable Medical Equipment (DME) Market Regional Synopsis

Regionally, the global durable medical equipment (DME) market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. The market in North America region is estimated to witness significant growth over the forecast period on the back of increasing chronic diseases, growing adoption for home-based monitoring devices, and increased manufacturing of critical medical equipment in the region.

Asia Pacific region is expected to grow at the highest CAGR during the forecast period owing to unbalanced diet patterns among the population causing infectious diseases, growing elderly population, and improved healthcare facilities. For instance, according to the World Ageing Population Report, the number of persons aged 80 years or over is expected to increase at the highest percentages in Eastern and South-Eastern Asia between 2019 and 2050. These factors are predicted to boost the demand for durable medical equipment in the upcoming years. 

Market Segmentation

Our in-depth analysis of the global durable medical equipment (DME) market includes the following segments:

By Device

• Personal Mobility Devices

• Medical Furniture

• Bathroom Safety Devices

• Monitoring and Therapeutic Devices

• Others

By End-User

• Hospitals

• Clinics

• Home Health Care

• Ambulatory Surgical Centers

• Others

Growth Drivers and Challenges Impacting the Growth of the Global Durable Medical Equipment (DME) Market

Growth Drivers

• Growing geriatric population, and the rising demand for home healthcare services

• Utility of durable medical equipment for diverse aspects, such as BP monitoring, blood glucose analyzers, nebulizers, etc.

Challenges

• High cost involved in the manufacturing of durable medical equipment’s

• Lack of skilled personnel to operate the equipment

Key Companies Dominating the Global Durable Medical Equipment (DME) Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global durable medical equipment (DME) market that are included in our report are Stryker, NIHON KOHDEN CORPORATION, General Electric Company, GF Health Products, Inc., Medtronic, Getinge AB, Compass Health Brands, Dun & Bradstreet, Inc., Koninklijke Philips N.V., Medical Device Depot, Inc., and others.

Latest Developments in the Global Durable Medical Equipment (DME) Market:

• October 2020: Stryker, launched the world’s first and only completely wireless hospital bed, ProCuity, an intelligent bed designed to reduce in-hospital patient falls at all acuity levels, which can also connect seamlessly to nurse call systems without the use of cables or wires. 

• December 2019: NIHON KOHDEN CORPORATION introduced Life Scope SVM-7200, a new portable vital signs monitoring tool with customizable early warning scoring, designed for outpatient facilities which measures blood oxygen, blood pressure, and temperature.  

Key Reasons to Buy Our Report

• The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.

• It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.

• The report includes detailed company profiles of the major players dominating the market.

• We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.

• We provide customized reports as per the clients’ requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.

Geography Analysis:

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

• North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
• Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
• Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

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