The global durable medical equipment (DME) market size reached US$ 191.4 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 277.1 Billion by 2027, exhibiting a CAGR of 6.36% during 2021-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
Durable medical equipment (DME) comprises wheelchairs, walkers, canes, crutches, ventilators, oxygen monitors, and nebulizers. It is non-disposable equipment utilized in clinics, hospitals, and home care settings to help patients live a better quality of life. It assists in diagnosing or treating an illness or injury, supporting a disabled body part, and preventing a condition from becoming worse. Besides this, it also provides therapeutic benefits intended for the management of several medical ailments. As it is durable and reusable, DME is prescribed by physicians and usually covered in healthcare plans across the globe.
Durable medical equipment (DME) comprises wheelchairs, walkers, canes, crutches, ventilators, oxygen monitors, and nebulizers. It is non-disposable equipment utilized in clinics, hospitals, and home care settings to help patients live a better quality of life. It assists in diagnosing or treating an illness or injury, supporting a disabled body part, and preventing a condition from becoming worse. Besides this, it also provides therapeutic benefits intended for the management of several medical ailments. As it is durable and reusable, DME is prescribed by physicians and usually covered in healthcare plans across the globe.
Durable Medical Equipment (DME) Market Trends:
The increasing prevalence of cancer, cardiac disorders, neurological conditions, ophthalmic ailments, and gynecological complications around the world represents one of the key factors significantly contributing to the market growth. Additionally, the rising geriatric population, which is more prone to disabilities, coupled with the increasing number of elderly care centers, is supporting the growth of the market. Furthermore, DME is gaining immense popularity worldwide as it is extensively utilized in long-term care after surgery. Moreover, the introduction of various technologically advanced products that ensure patient comfort and portability, along with the integration of medical equipment with artificial intelligence (AI) technology, is acting as another growth-inducing factor. Besides this, the coronavirus disease (COVID-19) outbreak has resulted in the surging demand for DME to expand the healthcare capacity in local hospitals and healthcare systems across the globe. Other major factors, including better coverage and reimbursement policies for DME products, rising number of hospitals, increasing expenditure on healthcare infrastructure, and the growing presence of skilled professionals, are projected to drive the market further in the coming years.Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global durable medical equipment (DME) market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product and end use.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
Breakup by End Use:
- Hospital
- Nursing Homes
- Home Healthcare
- Others
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
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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) and Stryker Corporation.Key Questions Answered in This Report:
- How has the global durable medical equipment (DME) market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global durable medical equipment (DME) market?
- What are the key regional markets?
- What is the breakup of the market based on the product?
- What is the breakup of the market based on the end use?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global durable medical equipment (DME) market and who are the key players?
- What is the degree of competition in the industry?
Frequently Asked Questions about the Global Durable Medical Equipment (DME) Market
What is the estimated value of the Global Durable Medical Equipment (DME) Market?
What is the growth rate of the Global Durable Medical Equipment (DME) Market?
What is the forecasted size of the Global Durable Medical Equipment (DME) Market?
Who are the key companies in the Global Durable Medical Equipment (DME) Market?
| Report Attribute | Details |
|---|---|
| No. of Pages | 143 |
| Published | July 2022 |
| Forecast Period | 2021 - 2027 |
| Estimated Market Value ( USD | $ 191.4 Billion |
| Forecasted Market Value ( USD | $ 277.1 Billion |
| Compound Annual Growth Rate | 6.3% |
| Regions Covered | Global |
| No. of Companies Mentioned | 14 |
Table of Contents
1 Preface3 Executive Summary10 Value Chain Analysis12 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Durable Medical Equipment (DME) Market
6 Market Breakup by Product
7 Market Breakup by End Use
8 Market Breakup by Region
9 SWOT Analysis
11 Porters Five Forces Analysis
13 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- ArjoHuntleigh
- Becton
- Dickinson
- 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) and Stryker Corporation.
Methodology
LOADING...
