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Global Durable Medical Equipment Market Report and Forecast 2023-2031

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    Report

  • 147 Pages
  • May 2023
  • Region: Global
  • Expert Market Research
  • ID: 5797903
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Global Durable Medical Equipment Market Report and Forecast 2023-2031
Global Durable Medical Equipment Market Outlook
The global durable medical equipment market value in 2022 was USD 215.22 billion driven by the rising demand for home healthcare services across the globe. The market size is anticipated to grow at a CAGR of 6.3% during the forecast period of 2023-2031 to achieve a value of USD 372.66 billion by 2031.

Durable Medical Equipment Introduction

Durable medical equipment (DME) refers to long-lasting medical devices that are used to assist patients in performing their daily activities, manage their medical conditions, or improve their overall quality of life. These devices are designed for repeated use and can be utilized in both clinical and home settings. The global durable medical equipment market encompasses a wide range of products, including mobility aids, personal care aids, respiratory devices, monitoring equipment, and therapeutic devices, among others.

Durable Medical Equipment Market Scenario

The global durable medical equipment market has experienced significant growth in recent years, driven by factors such as the increasing prevalence of chronic diseases, the growing geriatric population, and the rising demand for home healthcare services.

North America: The largest market for durable medical equipment, driven by factors such as the advanced healthcare industry, a high prevalence of chronic diseases, and the presence of major DME manufacturers.

Europe: The second-largest market, with increasing demand for durable medical equipment due to a growing aging population, a supportive regulatory framework, and an expanding home healthcare sector.

Asia-Pacific: Expected to witness the highest growth rate due to factors such as a rapidly aging population, increasing prevalence of chronic diseases, and growing investments in healthcare infrastructure.

Durable Medical Equipment Market Segmentations

Market Breakup by Product

Personal Mobility Devices

  • Wheelchairs
  • Scooters
  • Walker and Rollators
  • Cranes and Crutches
  • Door Openers
  • Other Devices

Bathroom Safety Devices and Medical Furniture

  • Commodes and Toilets
  • Mattress and Bedding Devices

Monitoring and Therapeutic Devices

  • Blood Glucose Monitors
  • Continuous Passive Motion (CPM)
  • Nebulizers
  • Oxygen Equipment
  • Continuous Positive Airway Pressure (CPAP)
  • Suction Pumps
  • Traction Equipment
  • Other Equipment

Market Breakup by End User

  • Hospitals
  • Nursing Homes
  • Home Healthcare
  • Other End User

Market Breakup by Region

North America

  • United States of America
  • Canada

Europe

  • United Kingdom
  • Germany
  • France
  • Italy
  • Others

Asia Pacific

  • China
  • Japan
  • India
  • ASEAN
  • Australia
  • Others

Latin America

  • Brazil
  • Argentina
  • Mexico
  • Others

Middle East and Africa

  • Saudi Arabia
  • United Arab Emirates
  • Nigeria
  • South Africa
  • Others

Key Trends in the Durable Medical Equipment Market

Some key trends of the market are as follows:
  • Increasing prevalence of chronic diseases: The growing incidence of chronic diseases, such as cardiovascular diseases, diabetes, and cancer, has led to a rising demand for durable medical equipment to manage and treat these conditions, driving market growth
  • Growing geriatric population: The expanding elderly population is more susceptible to chronic diseases and age-related conditions, necessitating the use of durable medical equipment to maintain their independence and quality of life
  • Rising demand for home healthcare services: The increasing preference for home healthcare services to reduce healthcare costs and avoid hospital-acquired infections has boosted the demand for durable medical equipment for home use

Durable Medical Equipment Market: Competitor Landscape

The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:
  • Invacare Corporation
  • Sunrise Medical
  • ArjoHuntleigh
  • Hill-ROM
  • Stryker Corporation
  • Medline industries INC
  • Drive Medical
  • GF Health Products, Inc
  • Carex Health Brands, Inc
  • Becton, Dickinson and Company
  • General Electric Company
  • Medtronic PLC
  • Getinge AB
  • Resmed Inc.

Table of Contents

1 Preface
1.1 Objectives of the Study
1.2 Key Assumptions
1.3 Report Coverage - Key Segmentation and Scope
1.4 Research Methodology
2 Executive Summary
3 Global Durable Medical Equipment Market Overview
3.1 Global Durable Medical Equipment Market Historical Value (2016-2022)
3.2 Global Durable Medical Equipment Market Forecast Value (2023-2031)
4 Global Durable Medical Equipment Market Landscape
4.1 Global Durable Medical Equipment Developers Landscape
4.1.1 Analysis by Year of Establishment
4.1.2 Analysis by Company Size
4.1.3 Analysis by Region
4.2 Global Durable Medical Equipment Product Landscape
4.2.1 Analysis by Product Type
4.2.2 Analysis by End User
4.2.3 Analysis by Region
5 Global Durable Medical Equipment Market Dynamics
5.1 Market Drivers and Constraints
5.2 SWOT Analysis
5.3 Porter’s Five Forces Model
5.4 Key Demand Indicators
5.5 Key Price Indicators
5.6 Industry Events, Initiatives, and Trends
5.7 Value Chain Analysis
6 Global Durable Medical Equipment Market Segmentation
6.1 Global Durable Medical Equipment Market by Product
6.1.1 Market Overview
6.1.2 Personal Mobility Devices
6.1.2.1 Wheelchairs
6.1.2.2 Scooters
6.1.2.3 Walker and Rollators
6.1.2.4 Cranes and Crutches
6.1.2.5 Door Openers
6.1.2.6 Other Devices
6.1.3 Bathroom Safety Devices and Medical Furniture
6.1.3.1 Commodes and Toilets
6.1.3.2 Mattress and Bedding Devices
6.1.4 Monitoring and Therapeutic Devices
6.1.4.1 Blood Glucose Monitors
6.1.4.2 Continuous Passive Motion (CPM)
6.1.4.3 Nebulizers
6.1.4.4 Oxygen Equipment
6.1.4.5 Continuous Positive Airway Pressure (CPAP)
6.1.4.6 Suction Pumps
6.1.4.7 Traction Equipment
6.1.4.8 Other Equipment
6.2 Global Durable Medical Equipment Market by End User
6.2.1 Market Overview
6.2.2 Hospitals
6.2.3 Nursing Homes
6.2.4 Home Healthcare
6.2.5 Other End User
6.3 Global Durable Medical Equipment Market by Region
6.3.1 Market Overview
6.3.2 North America
6.3.3 Europe
6.3.4 Asia Pacific
6.3.5 Latin America
6.3.6 Middle East and Africa
7 North America Durable Medical Equipment Market
7.1 Market Share by Country
7.2 United States of America
7.3 Canada
8 Europe Durable Medical Equipment Market
8.1 Market Share by Country
8.2 United Kingdom
8.3 Germany
8.4 France
8.5 Italy
8.6 Others
9 Asia Pacific Durable Medical Equipment Market
9.1 Market Share by Country
9.2 China
9.3 Japan
9.4 India
9.5 ASEAN
9.6 Australia
9.7 Others
10 Latin America Durable Medical Equipment Market
10.1 Market Share by Country
10.2 Brazil
10.3 Argentina
10.4 Mexico
10.5 Others
11 Middle East and Africa Durable Medical Equipment Market
11.1 Market Share by Country
11.2 Saudi Arabia
11.3 United Arab Emirates
11.4 Nigeria
11.5 South Africa
11.6 Others
12 Patent Analysis
12.1 Analysis by Type of Patent
12.2 Analysis by Publication year
12.3 Analysis by Issuing Authority
12.4 Analysis by Patent Age
12.5 Analysis by CPC Analysis
12.6 Analysis by Patent Valuation
12.7 Analysis by Key Players
13 Grants Analysis
13.1 Analysis by year
13.2 Analysis by Amount Awarded
13.3 Analysis by Issuing Authority
13.4 Analysis by Grant Application
13.5 Analysis by Funding Institute
13.6 Analysis by NIH Departments
13.7 Analysis by Recipient Organization
14 Funding Analysis
14.1 Analysis by Funding Instances
14.2 Analysis by Type of Funding
14.3 Analysis by Funding Amount
14.4 Analysis by Leading Players
14.5 Analysis by Leading Investors
14.6 Analysis by Geography
15 Partnership and Collaborations Analysis
15.1 Analysis by Partnership Instances
15.2 Analysis by Type of Partnership
15.3 Analysis by Leading Players
15.4 Analysis by Geography
16 Regulatory Framework
16.1 Regulatory Overview
16.1.1 US FDA
16.1.2 EU EMA
16.1.3 INDIA CDSCO
16.1.4 JAPAN PMDA
16.1.5 Others
17 Supplier Landscape
17.1 Invacare Corporation
17.1.1 Financial Analysis
17.1.2 Product Portfolio
17.1.3 Demographic Reach and Achievements
17.1.4 Mergers and Acquisitions
17.1.5 Certifications
17.2 Sunrise Medical
17.2.1 Financial Analysis
17.2.2 Product Portfolio
17.2.3 Demographic Reach and Achievements
17.2.4 Mergers and Acquisitions
17.2.5 Certifications
17.3 ArjoHuntleigh
17.3.1 Financial Analysis
17.3.2 Product Portfolio
17.3.3 Demographic Reach and Achievements
17.3.4 Mergers and Acquisitions
17.3.5 Certifications
17.4 Hill-ROM
17.4.1 Financial Analysis
17.4.2 Product Portfolio
17.4.3 Demographic Reach and Achievements
17.4.4 Mergers and Acquisitions
17.4.5 Certifications
17.5 Stryker Corporation
17.5.1 Financial Analysis
17.5.2 Product Portfolio
17.5.3 Demographic Reach and Achievements
17.5.4 Mergers and Acquisitions
17.5.5 Certifications
17.6 Medline industries INC.
17.6.1 Financial Analysis
17.6.2 Product Portfolio
17.6.3 Demographic Reach and Achievements
17.6.4 Mergers and Acquisitions
17.6.5 Certifications
17.7 Drive Medical
17.7.1 Financial Analysis
17.7.2 Product Portfolio
17.7.3 Demographic Reach and Achievements
17.7.4 Mergers and Acquisitions
17.7.5 Certifications
17.8 GF Health Products, Inc.
17.8.1 Financial Analysis
17.8.2 Product Portfolio
17.8.3 Demographic Reach and Achievements
17.8.4 Mergers and Acquisitions
17.8.5 Certifications
17.9 Carex Health Brands, Inc.
17.9.1 Financial Analysis
17.9.2 Product Portfolio
17.9.3 Demographic Reach and Achievements
17.9.4 Mergers and Acquisitions
17.9.5 Certifications
17.10 Becton, Dickinson and Company
17.10.1 Financial Analysis
17.10.2 Product Portfolio
17.10.3 Demographic Reach and Achievements
17.10.4 Mergers and Acquisitions
17.10.5 Certifications
17.11 General Electric Company
17.11.1 Financial Analysis
17.11.2 Product Portfolio
17.11.3 Demographic Reach and Achievements
17.11.4 Mergers and Acquisitions
17.11.5 Certifications
17.12 Medtronic PLC
17.12.1 Financial Analysis
17.12.2 Product Portfolio
17.12.3 Demographic Reach and Achievements
17.12.4 Mergers and Acquisitions
17.12.5 Certifications
17.13 Getinge AB
17.13.1 Financial Analysis
17.13.2 Product Portfolio
17.13.3 Demographic Reach and Achievements
17.13.4 Mergers and Acquisitions
17.13.5 Certifications
17.14 Resmed Inc.
17.14.1 Financial Analysis
17.14.2 Product Portfolio
17.14.3 Demographic Reach and Achievements
17.14.4 Mergers and Acquisitions
17.14.5 Certifications
18 Global Durable Medical Equipment Market- Distribution Model (Additional Insight)
18.1 Overview
18.2 Potential Distributors
18.3 Key Parameters for Distribution Partner Assessment
19 Key Opinion Leaders (KOL) Insights (Additional Insight)
20 Company Competitiveness Analysis (Additional Insight)
20.1 Very Small Companies
20.2 Small Companies
20.3 Mid-Sized Companies
20.4 Large Companies
20.5 Very Large Companies
21 Payment Methods (Additional Insight)
21.1 Government Funded
21.2 Private Insurance
21.3 Out-of-Pocket

Companies Mentioned

  • Invacare Corporation
  • Sunrise Medical
  • Arjohuntleigh
  • Hill-Rom
  • Stryker Corporation
  • Medline Industries Inc.
  • Drive Medical
  • Gf Health Products, Inc.
  • Carex Health Brands, Inc.
  • Becton, Dickinson and Company
  • General Electric Company
  • Medtronic plc
  • Getinge Ab
  • Resmed Inc.

Methodology

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Table Information

Report AttributeDetails
No. of Pages147
PublishedMay 2023
Forecast Period2023 - 2031
Estimated Market Value ( USD ) in 2023 $ 228.8 Billion
Forecasted Market Value ( USD ) by 2031 $ 372.7 Billion
Compound Annual Growth Rate6.3%
Regions CoveredGlobal
No. of Companies Mentioned14

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