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Durable Medical Equipment Market- Growth, Trends, and Forecasts (2020 - 2025)

  • ID: 5176040
  • Report
  • August 2020
  • Region: Global
  • 114 Pages
  • Mordor Intelligence


  • Compass Health Brands
  • GE Healthcare
  • Getinge AB
  • GF Health Products Inc.
  • Invacare Corporation
  • Koninklijke Philips NV
The market is expected to witness a CAGR of 6.3%, during the forecast period, owing to the well-developed healthcare infrastructure, the significant presence of multinational medical device companies, and well-planned reimbursement policies, among others.

In 2017, the Texoma Council of Governments launched a project of durable medical equipment. Under this project, a loan will be provided for these equipment, to the ones who are in necessity. The durable medical equipment market is primarily driven by the rise of chronic diseases, technological advancements, and increasing government initiatives. According to the World Health Organization, in 2018, around 18.1 million cases were recorded for cancer, worldwide.

Key Market Trends

Hospital/Clinic Segment holds the Largest Market Share and is Expected to Retain its Dominance

The hospital segment is expected to hold the maximum share in the global durable medical equipment market. The growth of the segment is mainly attributed to a high volume of patients coming to hospitals and greater financing capabilities. Technological advancements in medical equipment are helping in the improvisation in the diagnosis and treatment of diseases.
  • As development in the healthcare sector is being followed, there is an increase in the number of hospitals across the developing and developed nations. These increasing number of hospitals and clinics have well-equipped surgical equipment, such as wheelchairs, beds, walkers, bathroom safety devices, monitoring and therapeutic devices, and other equipment.
  • There is also a rising number of well-equipped diagnostic centers, which have equipment, such as blood sugar monitors, infusion pump, mattress, and bedding devices, that help in improving the total patient outcomes. There are also many insurance plans that reimburse the cost of repair and maintenance of the hospital medical equipment. Therefore, a majority of hospitals are adopting these insurance policies. Hence, the growth in the medical devices industry drives the hospital segment of the market studied.

North America Captured the Largest Market Share and is Expected to Retain its Dominance

North America holds the largest share in the market, with the United States being the largest contributor to its revenue. In the United States, the Federal Drug and Food Administration (FDA) is responsible for regulating the sale of medical devices/products. The FDA also oversees the monitoring of safety in these regulated products.
  • According to Select USA (a US government-sponsored forum), the United States has the largest medical devices industry in the world. The country represents approximately 40% of the global medical devices market. Overall, the United States is the largest market for durable medical equipment and may continue to retain its position, over the forecast period. The main drivers for the growth of the market are the increasing population of elderly people and increasing chronic disease prevalence, which may indirectly fuel the adoption of durable medical equipment.

Competitive Landscape

The global durable medical equipment market is highly competitive and consists of several major players. The existing major players in the durable medical equipment market employ strong competitive strategies, leading to a high rivalry between them. Some of the key players in the market are Compass Health Brands, GE Healthcare, Getinge AB, GF Health Products Inc., and Medtronic PLC, among others. The product advancements and improvements in durable medical equipment by the major players are increasing the competitive rivalry.

Reasons to Purchase this report:
  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support
Note: Product cover images may vary from those shown


  • Compass Health Brands
  • GE Healthcare
  • Getinge AB
  • GF Health Products Inc.
  • Invacare Corporation
  • Koninklijke Philips NV

1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing Prevalence of Chronic and Lifestyle-related Disorders
4.2.2 Technological Advancements in Portability, Patient Comfort, and Utilities
4.2.3 Increasing Demand and Funding for Monitoring and Therapeutic Devices
4.3 Market Restraints
4.3.1 Stringent Regulatory Requirements Related with Medical Supplies
4.3.2 Lack of Skilled Professionals and Shortage of Facilities
4.4 Industry Attractiveness - Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5.1 By Device Type
5.1.1 Personal Mobility Devices Wheelchair Crutch and Cane Walker Other Personal Mobility Devices
5.1.2 Medical Furniture and Bathroom Safety Devices Medical Bed and Mattress Commode and Toilet Other Medical Furniture and Bathroom Safety Devices
5.1.3 Monitoring and Therapeutic Devices Blood Glucose Monitor Oxygen Equipment Vital Sign Monitor Infusion Pump Other Monitoring and Therapeutic Devices
5.2 By End User
5.2.1 Hospital/Clinic
5.2.2 Ambulatory Surgical Center
5.2.3 Other End Users
5.3 By Geography
5.3.1 North America United States Canada Mexico
5.3.2 Europe Germany United Kingdom France Italy Spain Rest of Europe
5.3.3 Asia-Pacific China Japan India Australia South Korea Rest of Asia-Pacific
5.3.4 Middle-East and Africa GCC South Africa Rest of Middle-East and Africa
5.3.5 South America Brazil Argentina Rest of South America
6.1 Company Profiles
6.1.1 Compass Health Brands
6.1.2 GE Healthcare
6.1.3 Getinge AB
6.1.4 GF Health Products Inc.
6.1.5 Medtronic PLC
6.1.6 Invacare Corporation
6.1.7 Masimo
6.1.8 Medline Industries Inc.
6.1.9 Koninklijke Philips NV
6.1.10 Sunrise Medical
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Compass Health Brands
  • GE Healthcare
  • Getinge AB
  • GF Health Products Inc.
  • Medtronic PLC
  • Invacare Corporation
  • Masimo
  • Medline Industries Inc.
  • Koninklijke Philips NV
  • Sunrise Medical
Note: Product cover images may vary from those shown