Durable Medical Equipment Market Performance and Future Outlook at 7.9% CAGR Through 2029

Uncover key drivers, emerging technologies, and competitive movements shaping the durable medical equipment market from 2025–2034 with trusted insights from The Business Research Company

What Is The Predicted Size Of The Durable Medical Equipment Industry By 2029?

The durable medical equipment market size has seen substantial growth in recent years. It is forecast to expand from $216.92 billion in 2024 to $229.95 billion in 2025, achieving a compound annual growth rate (CAGR) of 6.0%. The expansion observed historically is attributable to chronic disease prevalence, reimbursement policies, awareness and education, healthcare infrastructure development, government initiatives, global disease outbreaks, and patient empowerment.

The durable medical equipment market size is forecast to achieve significant expansion over the next few years. It is predicted to escalate to $311.53 billion by 2029, exhibiting a compound annual growth rate (CAGR) of 7.9%. This anticipated growth during the forecast period stems from factors such as the expansion of telehealth, the rise of value-based healthcare, increasing healthcare expenditures, global health concerns, issues surrounding data security, a sharpened focus on preventive healthcare, and shifts in regulations. Key trends foreseen in this period include swift technological progress, the development of lightweight and portable medical devices, a strong emphasis on proactive health management, customized healthcare solutions, and the increasing adoption of home healthcare models.

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What Major Drivers Are Impacting The Durable Medical Equipment Market?

The expansion of the aging population is projected to stimulate the growth of the durable medical equipment market moving forward. An aging population signifies an increase in the number of older individuals due to shifts in the age composition of a population. This demographic typically experiences aging-associated diseases that demand long-term assistance from durable medical equipment like blood glucose analyzers, vital sign monitors, infusion pumps, and nebulizers. Consequently, the rising aging population is driving the growth of the durable medical equipment market. For instance, in January 2023, according to the United Nations, a US-based intergovernmental organization that maintains international peace and security, the global population aged 65 years or older is expected to increase from 761 million in 2021 to 1.6 billion in 2050. Therefore, the increase in the aging population is significantly propelling the durable medical equipment market’s expansion.

Which Segment Categories Are Driving Maximum Growth In The Durable Medical Equipment Market?

The durable medical equipmentmarket 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

Which Long-Term Trends Will Play A Crucial Role In The Durable Medical Equipment Market?

Technological progress represents a significant trend gaining traction in the durable medical equipment market. Major companies operating in the durable medical equipment market are integrating new technologies to solidify their market position. For instance, in March 2023, Dexcom, a US-based firm involved in the development, manufacturing, production, and distribution of continuous glucose monitoring systems, introduced the Dexcom G6 CGM System for all eligible patients with type 1 and type 2 diabetes in Canada. This system incorporates a small, wearable sensor and transmitter that continuously measure and wirelessly send glucose levels to a smart device.

Who Are The Dominant Players In The Durable Medical Equipment Market Today?

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

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Which Region Is At The Forefront Of Innovation 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

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