Tag: US durable medical equipment market

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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How Is The Durable Medical Equipment Market Size Likely To Evolve From 2025 Through 2034?

The market encompassing durable medical equipment has seen robust expansion lately; it is projected to increase its valuation from $216.92 billion in 2024 to $229.95 billion the following year, reflecting a consistent compound annual growth rate of 6.0%, with the preceding period’s upward trajectory being fueled by factors such as the rising incidence of long-term illnesses, evolving reimbursement frameworks, heightened public comprehension and instruction, advancements in medical infrastructure, supportive governmental actions, worldwide health crises, and greater patient autonomy.

Anticipating robust expansion, the durable medical equipment sector is projected to reach a valuation of $311.53 billion by the year 2029, exhibiting a compound annual growth rate (CAGR) of 7.9% over the forthcoming period; this upward trajectory is fueled by several key factors, including the proliferation of telehealth services, a shift towards value-based healthcare models, escalating overall healthcare expenditures, worldwide health crises, increasing anxieties surrounding data security, a greater concentration on preventative medicine, and shifts in regulatory frameworks, while concurrently, significant industry movements involve swift technological progress, the development of lighter and more mobile equipment, heightened attention on proactive health measures, tailoring healthcare solutions to individual needs, and growing trends in in-home care.

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What Are The Main Drivers Boosting The Durable Medical Equipment Industry’s Expansion?

Future expansion within the durable medical equipment sector is anticipated to be significantly spurred by the growing proportion of elderly individuals in the global populace, which signifies a demographic shift towards a higher concentration of older persons. This demographic trend frequently correlates with an increased prevalence of ailments linked to advanced age, necessitating sustained utilization of durable medical apparatus like glucose meters, monitoring devices for physiological signs, infusion mechanisms, and respiratory aids like nebulizers. Consequently, this upward trend in the senior demographic acts as a primary catalyst for the market’s advancement; as an illustration, data from the United Nations, the international body dedicated to global stability, projects that the worldwide cohort aged 65 and above will nearly double, rising from 761 million in 2021 to an estimated 1.6 billion by 2050, thus reinforcing the influence of the aging population on driving the durable medical equipment market forward.

What Are The Leading Segments Analyzed 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 Key Trends Are Expected To Influence The Durable Medical Equipment Market In The Coming Years?

Progress in technology represents a significant trend currently experiencing heightened adoption within the durable medical equipment sector, prompting major industry participants to integrate novel technological solutions to solidify their market standing. As an illustration of this, Dexcom, an American entity involved in the development, production, and distribution of continuous glucose monitoring apparatus, introduced the Dexcom G6 CGM System across Canada in March 2023, making it available to all eligible individuals Managing both type 1 and type 2 diabetes; this integrated system utilizes a compact, wearable sensor and transmitter architecture that facilitates the constant, wireless transmission of glucose readings directly to a connected smart device.

Which Key Market Players Are Investing In Expansion And Innovation Of Durable Medical Equipment Market?

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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How Is Durable Medical Equipment Market Demand Varying Across Different Regions?

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

The market for durable medical equipment has experienced robust growth in the past few years. It is projected to expand from a size of $216.92 billion in 2024 to $229.95 billion in 2025, recording a compound annual growth rate (CAGR) of 6.0%. Factors that have contributed to the growth during the historic period include prevalence of chronic diseases, reimbursement policies, enhanced awareness and education, development of healthcare infrastructure, government initiatives, global disease outbreaks, as well as patient empowerment.

The market for durable medical equipment is projected to witness significant expansion in coming years. Its value is predicted to escalate to $311.53 billion by 2029, with a compound annual growth rate (CAGR) of 7.9%. This anticipated growth is considered to be a result of several factors including the growth of telehealth, value-focused healthcare, rising costs of health services, worldwide health issues, concerns about data safety, and emphasis on preventive healthcare and regulatory changes. Noteworthy trends during the forecast period are expected to be swift advancements in technology, lightweight and user-friendly solutions, focus on preventive healthcare, customization in healthcare solutions, and the shift towards home healthcare.

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Which Factors Are Steering Growth In The Durable Medical Equipment Market?

The escalating number of elderly people is anticipated to boost the expansion of the durable medical equipment market in the future. An aging population is a term that refers to a surge in the quantity of older individuals resulting from alterations in the age distribution of a population. Aging-associated diseases are most commonly observed in this aging population that necessitates the long-term use of durable medical equipment like blood glucose analyzers, vital sign monitors, infusion pumps, nebulizers, among others. Consequently, the burgeoning aging population drives the durable medical equipment market’s growth. For example, the United Nations, an intergovernmental organization based in the US aimed at maintaining global peace and security, projected in January 2023 that the world population aged 65 years or older would rise from 761 million in 2021 to 1.6 billion in 2050. Thus, the growth of the durable medical equipment market is fueled by the increasing number of aged individuals.

Which Segment Accounts For The Largest Share 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?

The surge in technological innovation is a notable trend gaining traction in the durable medical equipment market. Prominent corporations in this market are embracing cutting-edge technologies to fortify their market standing. For example, in March 2023, Dexcom, an American firm specializing in the development, manufacturing, production, and distribution of continuous glucose monitoring systems, introduced the Dexcom G6 CGM System for all qualified patients suffering from type 1 and type 2 diabetes in Canada. The system uses a small wearable sensor and transmitter to continually measure and wirelessly transmit 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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What Regional Factors Are Accelerating Growth 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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What is the Anticipated CAGR of the Durable Medical Equipment Market, and What Factors Will Drive It?

The market size for durable medical equipment has seen robust expansion over the recent years. The value will surge from $216.92 billion in 2024 to $229.95 billion in 2025, with a compound annual growth rate (CAGR) of 6.0%. The growth achieved throughout the historic phase is due to factors including the prevalence of chronic diseases, reimbursement policies, heightened awareness and education, establishment of healthcare infrastructure, government initiatives, worldwide disease breakouts, and patient empowerment.

The market size of durable medical equipment is predicted to experience robust growth in the coming years. It’s projected to expand to a staggering $311.53 billion by 2029, with a compound annual growth rate (CAGR) of 7.9%. This growth during the predicted period can be allied to factors such as the growth of telehealth, value-driven healthcare, escalating healthcare expenses, worldwide health issues, concerns over data security, emphasis on preventive healthcare, and regulatory changes. Predominant trends during the forecast period encompass swift technological progression, compact and transportable solutions, focus on preventive healthcare, customization of healthcare solutions, and the tendencies of home healthcare.

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What Are the Major Market Drivers Behind the Rising Adoption of Durable Medical Equipment Market?

The durable medical equipment market is anticipated to grow rapidly due to an increase in the aging population. The term “aging population” relates to a rise in the number of older individuals as a result of alterations in the population’s age composition. The majority of the aging population often deal with age-related health conditions that necessitate the use of durable medical equipment. These include items such as blood glucose analyzers, vital sign monitors, infusion pumps, nebulizers, and other long-term medical aids. Hence, the boost in the aging population is fueling the expansion of the durable medical equipment market. To illustrate, the United Nations, a US-based international organization dedicated to ensuring global peace and security, projected in January 2023 that the world’s population aged 65 years or older would rise to 1.6 billion in 2050, up from 761 million in 2021. Therefore, the escalating aged population signifies a surge in the growth of the durable medical equipment market.

Which Key Market Segments Comprise the Durable Medical Equipment Market and Drive Its Revenue Growth?

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

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Which Areas Are Leading Regions in the Durable Medical Equipment Market Expansion Across the Globe?

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

What Are the Strategic Trends Steering theDurable Medical Equipment Market Direction?

The rise in technological developments is becoming a prominent trend in the durable medical equipment market. To fortify their market standing, significant corporations in the durable medical equipment market are adopting innovations. For example, Dexcom, a US company involved in the development, manufacturing, production, and distribution of continuous glucose monitoring systems, released the Dexcom G6 CGM System tailored for all eligible type 1 and type 2 diabetes patients based in Canada as of March 2023. This system utilizes a small, wearable sensor and transmitter that wirelessly measures and relays glucose levels to a smart device on a continual basis.

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https://www.thebusinessresearchcompany.com/report/durable-medical-equipment-global-market-report

How Is the Durable Medical Equipment Market Conceptually Defined?

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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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

Request customized data on this market:

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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.

View the full report here:

https://www.thebusinessresearchcompany.com/report/durable-medical-equipment-global-market-report

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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https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=9821

About The Business Research Company:

With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead in the game.

Get in touch with us:

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What Factors Are Propelling the Market Growth of theDurable Medical Equipment Market from 2025 to 2034?

The increasing number of older people, often referred to as the aging population, is anticipated to accelerate the expansion of the durable medical equipment market. This demographic change is largely driven by diseases associated with aging which necessitate the prolonged use of durable medical equipment like blood glucose analyzers, infusion pumps, nebulizers, and vital sign monitors. Hence, the growth of the durable medical equipment market is linked to the surge in the aging population. As of January 2023, the United Nations, a US-based organization promoting global peace and security, projects that the world population aged 65 years and above, will rise from 761 million in 2021 to 1.6 billion in 2050. Consequently, this demographic shift is propelling the durable medical equipment market’s growth.

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#What Are the Key Projections for the CAGR of the Durable Medical Equipment Market From 2025 to 2034?

In recent years, the durable medical equipment market has seen robust growth. The market size, which stands at $216.92 billion in 2024, is projected to expand to $231.73 billion in 2025, reflecting a compound annual growth rate (CAGR) of 6.8%. Factors contributing to this growth during the historic period include the prevalence of chronic diseases, reimbursement policies, increased awareness and education, developments in healthcare infrastructure, government initiatives, global disease outbreaks, and empowerment of patients.

The market for durable medical equipment is predicted to witness significant expansion in the upcoming years, with a projected value of $316.13 billion by 2029, growing at a compound annual growth rate (CAGR) of 8.1%. This expected growth during the forecast period can be linked to several factors such as the development of telehealth, implementation of value-based healthcare, escalating healthcare expenses, worldwide health issues, increasing concern over data security, emphasis on preventive healthcare, and regulatory alterations. The period also sees predominant trends like speedy advancement in technology, the advent of lightweight and portable solutions, prioritization of preventive healthcare, customization in healthcare solutions, and the emergence of home healthcare trends.

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How Are Market Trends and Innovations Revolutionizing theDurable Medical Equipment Industry in Recent Times?

Cutting-edge technology is becoming a central trend in the durable medical equipment market. In order to bolster their market position, leading companies are incorporating innovative technological solutions into their operations. For example, Dexcom, an American firm specializing in the development, manufacturing, and distribution of continuous glucose monitoring systems, introduced its Dexcom G6 CGM System in March 2023 for Canadian patients with type 1 and type 2 diabetes. This system functions through a small, wearable sensor paired with a transmitter, constantly measuring and wirelessly transmitting glucose levels to a smart device.

Which Key Market Players Are Shaping the Future and Growth of theDurable Medical Equipment Market?

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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What Are the Core Segments of the Durable Medical Equipment Market, and How Do They Contribute to Growth?

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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https://www.thebusinessresearchcompany.com/customise?id=9821&type=smpGlobal Durable Medical Equipment Market, Global Durable Medical Equipment Market Report, Global Durable Medical Equipment Market Trends, Global Durable Medical Equipment Market Size

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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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What is the Expected Growth Rate of the Durable Medical Equipment Market Based on Industry Projections?

The market size of durable medical equipment has seen robust expansion in recent years. It’s projected to escalate from $216.92 billion in 2024 to $231.73 billion in 2025, boasting a compound annual growth rate (CAGR) of 6.8%. Factors such as the prevalence of chronic diseases, reimbursement policies, heightened awareness and education, the evolution of healthcare infrastructure, governmental actions, global disease epidemics, and patient empowerment have contributed to this growth during the historic period.

The market for durable medical equipment is predicted to significantly expand in the upcoming years, reaching a value of $316.13 billion in 2029 with a compound annual growth rate (CAGR) of 8.1%. This expected growth within the forecast period is due to various factors including the rise of telehealth, adoption of value-based healthcare, increasing healthcare expenses, global health issues, concerns about data security, and a focused approach on preventive healthcare, along with regulatory amendments. Key trends predicted for the forecast period encompass swift technological progress, the introduction of lightweight and mobile solutions, an increased emphasis on preventive healthcare, customized healthcare solutions, and the emergence of home healthcare trends.

How Are the key drivers expanding the growth of the durable medical equipment Market?

The augmenting number of the elderly populace is anticipated to boost the expansion of the durable medical equipment market in the near future. A surge in the aging population implies a growth in the count of senior citizens resulting from shifts in population demographics. More often, this segment of population is affected by conditions associated with aging, necessitating the need for durable medical equipment such as blood glucose analyzers, vital sign monitors, infusion pumps, nebulizers, among others for long-term use. As such, the rapidly aging population contributes to the escalation of the durable medical equipment market. For example, in January 2023, the United Nations, a US-based organization aimed at preserving global peace and security, predicted that the population aged 65 years or above worldwide will rise from 761 million in 2021 to 1.6 billion in 2050. Consequently, the swelling aging population propels the sturdy medical equipment market’s growth.

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Who Are the Influential Players Fueling Innovation and Growth in the Durable Medical Equipment Market?

Major companies operating in the durable medical equipment market include:

• Invacare Corporation_x000D_

• GF Health Products Inc._x000D_

• Stryker Corporation_x000D_

• Hill-Rom Holdings Inc._x000D_

• Siemens Healthcare GmbH_x000D_

What Impact Are Industry Trends Having on the Durable Medical Equipment Market’s Future Prospects?

The adoption of cutting-edge technologies is a notable trend emerging in the durable medical equipment market. Top organizations engaged in this market are leveraging new technologies to consolidate their market presence. Take for example Dexcom, a US company involved in the design, production, manufacture, and distribution of continuous glucose monitoring systems. In March 2023, they unveiled the Dexcom G6 CGM System aimed at all qualifying patients suffering from type 1 and type 2 diabetes in Canada. This system employs a compact, wearable sensor and transmitter to continuously record and wirelessly transmit glucose levels to a smart device.

Get Instant Access to the Global Durable Medical Equipment Market Report with Swift Delivery!

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How Are Key Segments Defining the Competitive Landscape of the 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

What Regions Are Leading the Growth Trajectory of 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

What Are the Key Characteristics That Define 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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About The Business Research Company:

With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead in the game.

Contact us at:

The Business Research Company: https://www.thebusinessresearchcompany.com/

Americas +1 3156230293

Asia +44 2071930708

Europe +44 2071930708

Email us at info@tbrc.info

Follow us on:

LinkedIn: https://in.linkedin.com/company/the-business-research-company

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

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