Durable Medical Equipment Market Size, Growth, and Demand Forecast 2024-2032

Global Durable Medical Equipment (DME) Market Statistics: USD 356.2 Billion Value by 2032

Durable Medical Equipment (DME) Industry

Summary:

• The global durable medical equipment (DME) market size reached USD 217.0 Billion in 2023.
• The market is expected to reach USD 356.2 Billion by 2032, exhibiting a growth rate (CAGR) of 5.5% during 2024-2032.
• North America leads the market, accounting for the largest durable medical equipment (DME) market share.
• Personal mobility devices (wheelchairs, scooters, walker and rollators, cranes and crutches, door openers, and others) dominate the durable medical equipment (DME) industry.
• Hospital represents the biggest end use segment.
• The increasing demand for home healthcare services is a primary driver of the durable medical equipment (DME) market.
• Technological advancements and the growing focus on rehabilitation and long-term care facilities are reshaping the durable medical equipment (DME) market.

Industry Trends and Drivers:

• Advancements in medical technology and innovation:

Advances in design and material science are leading to the creation of lighter, more portable, and more durable devices.Modern oxygen concentrators and small insulin pumps are now portable. This allows patients to stay active without neglecting their health. Additionally, these devices often come with smart technology. This includes wireless monitoring and remote control. It enables doctors to check patient health in real time. This is especially helpful for those needing constant care. It reduces the need for hospital visits and supports home care. These devices are evolving, improving care quality and expanding their use. This trend is encouraging healthcare providers and patients to adopt durable medical equipment (DME).

• Increasing demand for home healthcare services:

More patients are choosing home care for its comfort and personalized approach, which speeds up recovery and cuts costs. This trend is vital for those with chronic illnesses needing regular care outside hospitals.Key medical devices, such as home ventilators, portable oxygen units, and dialysis machines, are vital for this care model. Moreover, to reduce hospital strain, healthcare systems are now offering these devices for home use and monitoring. Healthcare professionals back this shift, increasing the demand for home care equipment and underscoring its importance in today's healthcare.

• Growing focus on rehabilitation and long-term care facilities:

Rehabilitation and long-term care facilities are growing. They use durable medical equipment (DME) to aid recovery from surgeries, injuries, or serious health issues. Essential items include hospital beds, patient lifts, and mobility aids. These support patients and ensure caregivers' safety. The healthcare sector is focusing on specialized care in these facilities. This shift is boosting the demand for high-quality DME. Moreover, many facilities are now investing in advanced DME for therapy and mobility enhancement. This trend is further driving market growth.

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Durable Medical Equipment (DME) Market Report Segmentation:

Breakup By Product:

• Personal Mobility Devices
  • Wheelchairs
  • Scooters
  • Walker and Rollators
  • Cranes and Crutches
  • Door Openers
  • Others
• Bathroom Safety Devices and Medical Furniture
  • Commodes and Toilets
  • Mattress and Bedding Devices
• Monitoring and Therapeutic Devices
  • Blood Sugar Monitors
  • Continuous Passive Motion (CPM)
  • Infusion Pumps
  • Nebulizers
  • Oxygen Equipment
  • Continuous Positive Airway Pressure (CPAP)
  • Suction Pumps
  • Traction Equipment
  • Others

Personal mobility devices (wheelchairs, scooters, walker and rollators, cranes and crutches, door openers, and others) exhibit a clear dominance in the market attributed to the growing elderly population and rising demand for devices that enhance patient mobility and independence.

Breakup By End Use:

• Hospital
• Nursing Homes
• Home Healthcare
• Others

Hospital accounts for the majority of the market share owing to high patient influx and the need for extensive DME usage to support patient care and treatment.

Breakup By Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

North America dominates the market due to advanced healthcare infrastructure and a well-established insurance system supporting DME reimbursement.

Top Durable Medical Equipment (DME) Market Leaders:

The durable medical equipment (DME) market research report outlines a detailed analysis of the competitive landscape, offering in-depth profiles of major companies. Some of the key players in the market are:

• ArjoHuntleigh
• Becton
• Dickinson and Company
• General Electric Company
• GF Health Products Inc.
• Hill-Rom Services Inc.
• Invacare Corporation
• Koninklijke Philips NV
• Medical Device Depot Inc.
• Medline Industries Inc.
• Medtronic PLC
• Omron Corporation
• Siemens Healthineers AG (Siemens AG)
• Stryker Corporation.

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