Supporting Daily Routines of Patients with DME

Increasing Acceptance of Durable Medical Equipment Coupled with Major Funding Driving the Growth

Published Date: 26-Jan-2023
Increasing Acceptance of Durable Medical Equipment Coupled with Major Funding Driving the Growth

Durable medical equipment (DME) is an important part of modern healthcare. These medical devices help people with long-term illnesses or disabilities. They are also useful for short-term recovery needs. With DME, patients can get the care they need outside the hospital. This blog post explains to you the essentials of DME. It also covers the factors driving the demand for DME forward.

Durable Medical Equipment: Overview

Durable medical equipment is advanced medical devices and products designed for medical purposes. Such devices can tolerate heavy, sustained use, providing crucial assistance to patients in healthcare settings or home environments. Continuous enhancements in medical equipment, supported by advanced technologies, allow for faster disease diagnosis and more effective treatments. As healthcare sector development progresses, there has been a significant increase in the number of hospitals in both developing and developed countries. These well-equipped hospitals have modern surgical equipment, including walkers, wheelchairs, beds, monitoring & therapeutic devices, and other safety devices.

Some Key Stats

The durable medical equipment market is poised to witness sustained growth. The market for these devices stood at USD 236.13 billion in 2024. It is projected to account for a CAGR of 5.8% between 2025 and 2034.

Durable Medical Equipment Types

There’s a specific criterion for a medical device to be considered DME. The equipment must be durable and reusable. Also, it must be medically necessary and mainly used at home for healthcare purposes. DME is designed to help patients maintain and manage their conditions in a safe and comfortable way outside of hospital settings. DME can include:

  • Mobility Aids: Wheelchairs, walkers, and crutches are used by people whose mobility is limited. They help people move around.
  • Respiratory Equipment: Devices from the medical oxygen concentrators & oxygen cylinders market are useful for patients who have breathing problems.
  • Monitoring and Diagnostic Devices: Devices like blood pressure monitors and heart monitoring systems help in tracking vital health data.
  • Patient Support Devices: Hospital beds and patient lifts help improve comfort. They also reduce the risk of injury.
  • Orthopedic and Prosthetic Devices: Braces and artificial limbs help in restoring functionality and independence.

Market Dynamics

The aging population and the growing demand for better-assisted care in a comfortable environment are the primary factors driving the durable medical equipment market. In addition, the increasing geriatric population, which constitutes the key target market, is expected to drive market growth. With a continuous increase in disease prevalence and healthcare expenditure, the market is anticipated to witness substantial growth. Moreover, a shift in preference towards home healthcare as a more cost-effective alternative to hospital stays is further complementing market growth.

With satisfactory funding from government and private organizations, manufacturers of blood pressure monitors are investing more in research and development to produce effective diagnostic devices that are technologically precise and result-oriented. Initiatives are also being aimed at advancing the ambulatory blood pressure monitoring devices market. Changes in lifestyle habits, such as sleep and eating patterns, are also increasing patient counts for hospital treatments and rehab. This will further create demand for walkers, canes, wheelchairs, crutches, and other assistive devices.

Segmental Insights

  • The monitoring & therapeutic devices segment gained major durable medical equipment market share and is projected to grow continuously, owing to the inclination towards wireless monitoring devices and the growing prevalence of lifestyle-related diseases.
  • The ambulatory surgical centers segment is projected to witness sustained growth in the coming years. The rising demand for cost-effective and efficient outpatient procedures is contributing to the robust growth of the segment.

Conclusion

Durable medical equipment helps people maintain mobility and quality of life. They are an essential part of long-term care. Their use isn’t just limited to hospitals; they can also be found in homes and communities globally. The durable medical equipment market is witnessing the introduction of new technologies and supportive policies to improve the manufacturing and usage of DME.