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How has the durable medical equipment market grown over the years?

In the past years, the size of the durable medical equipment market has experienced robust growth. It is forecasted to increase from $216.92 billion in 2024 to $231.73 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 6.8%. Factors such as the prevalence of chronic diseases, reimbursement policies, promotion and educational awareness, advancement in healthcare infrastructure, implementation of government initiatives, global outbreak of diseases, and patient empowerment have contributed to the growth observed during the historical period.

What Is the forecasted market size and growth rate for the durable medical equipment market?

The market size for durable medical equipment is projected to witness significant growth in the approaching years, expanding to $316.13 billion by 2029 with a compound annual growth rate (CAGR) of 8.1%. Factors contributing to the expected growth during the forecast period include the broadening of telehealth services, a shift towards value-based healthcare, escalating healthcare expenses, global health issues, concerns over data security, a spotlight on preventive healthcare, and regulatory modifications. Key emerging trends predicted during this period comprise accelerated technological progression, the demand for lightweight and transportable solutions, focus on preventive healthcare, customization in healthcare solutions, along with home healthcare trends.

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What are the major factors driving growth in the durable medical equipment market?

The surge in the number of elderly individuals is anticipated to fuel the expansion of the durable medical equipment market in the future. This trend is attributed to alterations in the age demographics of a population, leading to an increase in older people. Typically, the older population suffers from diseases associated with aging that necessitate the use of durable medical equipment for the long term, such as blood glucose analyzers, vital sign monitors, infusion pumps, nebulizers, and others. Consequently, this surge in the elderly demographic is bolstering the durable medical equipment market’s growth. For example, in January 2023, the United Nations, a US-based body that upholds global peace and safety, projected that the global population aged 65 and above would rise from 761 million in 2021 to 1.6 billion in 2050. Hence, the growth in the elderly population is spurring the expansion of the durable medical equipment market.

What key areas define the segmentation of the global durable medical equipment Market?

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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What are the top market players propelling the growth of the durable medical equipment industry?

Major companies operating in the durable medical equipment market include Invacare Corporation, GF Health Products Inc., Stryker Corporation, Hill-Rom Holdings Inc., Siemens Healthcare GmbH, Koninklijke Philips NV, Sunrise Medical Inc., Drive Medical, Masimo Corporation, Becton Dickinson and Company, Getinge AB, Medtronic PLC, Nihon Kohden Corporation, Mindray Medical International Limited, ArjoHuntleigh, Permobil AB, ResMed Inc., OMRON Corporation, Medline Industries Inc., Abbott, Compass Health Brands, GE Electric Company, Pride Mobility, Baxter International Inc., Roche Diagnostic Equipment, SAMAPLAST

What are the key trends shaping the future of the durable medical equipment market?

Advancements in technology are becoming a significant trend in the durable medical equipment market. Big businesses that operate within this market are embracing new technologies to solidify their market standing. For instance, Dexcom, an American company that develops, manufactures, produces, and distributes continuous glucose monitoring systems, unveiled the Dexcom G6 CGM System in March 2023. This system, which makes use of a small wearable sensor and transmitter to continuously measure and wirelessly transmit glucose levels to a smart device, is now available for all eligible type 1 and type 2 diabetes patients in Canada.

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What regions are dominating the durable medical equipment market growth?

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

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