Discover trends, market shifts, and competitive outlooks for the durable medical equipment industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research

#How Has the Durable Medical Equipment Market Growth Performance Trended Historically, And What Lies Ahead?

In recent times, the durable medical equipment market has demonstrated substantial growth. It is projected to escalate from a monetary value of $216.92 billion in 2024 to a significant $231.73 billion in 2025, with a 6.8% compound annual growth rate (CAGR). Several factors have driven the growth during the historic period, including the prevalent chronic diseases, reimbursement protocols, increased awareness and education, development of healthcare infrastructure, government-led initiatives, global disease spread, and empowerment of patients.

The market for durable medical equipment is projected to witness robust expansion in the coming years, escalating to a value of $316.13 billion in 2029, with a CAGR of 8.1%. Numerous factors are contributing to this upward trajectory during the forecast period including the spread of telehealth, the transition to value-based healthcare, increasing healthcare expenditures, worldwide health issues, the concern for data security, a shift towards preventive healthcare, and regulatory modifications. The period is also predicted to see key trends such as rapid advancements in technology, the preference for lightweight and portable alternatives, an increased focus on preventative healthcare, customization in healthcare solutions and the rise of home healthcare trends.

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What Are the Core Growth Drivers Propelling the Durable Medical Equipment Market Forward?

The anticipated increase in the number of elderly people is set to fuel the expansion of the market for durable medical equipment. In simple terms, an aging population is the rise in the count of the elderly as a result of changes in population age composition. These elderly individuals often suffer from age-related diseases that necessitate the use of long-term durable medical equipment like blood glucose analyzers, vital sign monitors, infusion pumps, nebulizers, among others. Hence, the augmenting aging population is propelling the durable medical equipment market. For example, as per the United Nations, an agency based in the US and devoted to maintaining global peace and security, in January 2023, it is predicted that the world population of those aged 65 years or older will leap from 761 million in 2021 to 1.6 billion in 2050. Consequently, the escalating aging population is fostering the rise of the durable medical equipment market.

What Segment Types Define the Durable Medical Equipment Market Structure?

The durable medical equipment market covered in this report is segmented –

1) By Product: Personal Mobility Devices, Bathroom Safety Devices And Medical Furniture, Monitoring And Therapeutic Devices, Other Products

2) By Payer: Public, Private, Out-Of-Pocket

3) By End-Use: Hospitals, Nursing Homes, Home Healthcare, Other End-Uses

Subsegments:

1) By Personal Mobility Devices: Wheelchairs, Scooters, Walkers And Canes, Crutches

2) By Bathroom Safety Devices And Medical Furniture: Grab Bars, Shower Chairs, Commodes, Hospital Beds, Bedside Tables

3) By Monitoring And Therapeutic Devices: Blood Pressure Monitors, Glucose Monitors, Nebulizers, CPAP Machines

4) By Other Products: Orthotic Devices, Respiratory Equipment, Mobility Aids

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Which Geographic Areas Hold the Strongest Growth Potential in the Durable Medical Equipment Market?

North America was the largest region in the durable medical equipment market in 2024. The regions covered in the durable medical equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Which Emerging Trends that Are Influencing theDurable Medical Equipment Industry Evolution?

The rise of technological innovations is a major trend that is becoming prevalent in the durable medical equipment sector. Many leading companies in this market are embracing new technologies to consolidate their market position. For example, Dexcom, an American company specializing in the development, manufacturing, production, and distribution of continuous glucose monitoring systems, launched the Dexcom G6 CGM System for all qualified type 1 and type 2 diabetes patients in Canada in March 2023. This system, which consists of a compact wearable sensor and transmitter, measures and wirelessly transmits glucose levels to a smart device on a continuous basis.

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What Is the Definition of the Durable Medical Equipment Market?

Durable medical equipment (DME) refers to any medical device or supplies that are necessary to maintain a person’s health and can be used on a long-term basis. These are ordered by a doctor, a qualified nurse practitioner, a physician assistant, or a clinical nurse specialist for a patient’s routine, long-term use.

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