Durable Medical Equipment Market Size Worth $377.20 Billion By 2032 | CAGR: 6.1%

The global Durable Medical Equipment market size is expected to reach USD 377.20 billion by 2032, according to a new study by Polaris Market Research. The report “Durable Medical Equipment Market Share, Size, Trends, Industry Analysis Report, By Product (Monitoring and Therapeutic Devices, Personal Mobility Devices, Bathroom Safety Devices and Medical Furniture); By End-Use; By Region; Segment Forecast, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Numerous factors contribute to the expansion and progress of the durable medical equipment (DME) market. The escalating prevalence of chronic diseases such as cardiovascular ailments, respiratory disorders, diabetes, and orthopedic conditions generates an increasing demand for DME, given that these devices provide essential assistance and support in the management and treatment of these chronic illnesses. The global demographic shift towards an aging population plays a significant role in the growth of the DME market.

Government initiatives, along with favorable reimbursement policies and insurance coverage for DME, contribute to market growth by enhancing accessibility and affordability. The demand for DME products such as wheelchairs and walking aids is propelled by the desire for patient mobility and independence. Additionally, increased awareness and education about the benefits and availability of DME, coupled with strategic collaborations and partnerships, play a role in market expansion by fostering innovation, expanding product portfolios, and addressing evolving patient needs.

The durable medical equipment market underwent significant repercussions due to the COVID-19 pandemic. Many individuals with chronic conditions or physical disabilities faced challenges in complying with guidelines and protocols aimed at mitigating the spread of COVID-19. For example, individuals with disabilities requiring assistance from home helpers or caregivers found complete isolation impractical. The COVID-19 public health emergency resulted in a heightened need for durable medical equipment to augment healthcare capacity in local hospitals and healthcare systems. This became crucial for establishing temporary expansion sites and ensuring the proper and effective monitoring of patients. In response to this demand, manufacturers from diverse industry sectors, not traditionally associated with medical device manufacturing, sought resources to manufacture and distribute these devices to the healthcare community.

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Additionally, a study published in the National Library of Medicine in June 2021 highlighted the significant impact of coronary artery disease (CAD) on global health. CAD alone is responsible for approximately 610,000 deaths annually, accounting for an estimated one in four deaths and making it the foremost cause of mortality in the United States. With the incidence of CAD rising, there is a growing demand for effective Durable Medical Equipment devices to address this pressing medical need. Consequently, this factor is projected to drive the demand for Durable Medical Equipments throughout the forecast period.

Durable Medical Equipment Market Report Highlights

• In 2022, the Monitoring and Therapeutic Devices segment claimed the highest revenue share. This growth is attributed to the increasing prevalence of lifestyle-related diseases that necessitate the analysis of vital statistics and a growing demand for wireless monitoring devices. The market's importance is on the rise, driven by a surge in the global adoption of health and fitness monitoring applications and devices.
• During the forecast period, the Hospitals segment dominated the market, primarily due to the increasing global prevalence of chronic diseases and the improved financial and service capabilities of healthcare facilities.
• In 2022, North America emerged as the leading market, primarily driven by the rapid integration of cutting-edge equipment in the U.S. This adoption has significantly bolstered the region's substantial market presence. The presence of prominent manufacturers and the swift acceptance of advanced products are anticipated to further enhance the region's growth trajectory.
• The global key market players include AireTex Compressor, Atlas Copco, Bauer Group, BelAire Compressors, Compressor Products International (CPI), Cook Compression, Frank Compressors, Galaxy Auto Stationary Equipment Co. Ltd., Gast Manufacturing, Inc., GENERAL ELECTRIC, Ingersoll Rand Plc, Kaeser Compressors, and MAT Industries, LLC.

Polaris Market Research has segmented the Durable Medical Equipment market report based on product, end-use, and region:

Durable Medical Equipment, Product Outlook (Revenue - USD Billion, 2019 - 2032)

• Monitoring and Therapeutic Devices
  • Continuous Positive Airway Pressure (CPAP)
  • Infusion Pumps Market
  • Traction Equipment
  • Blood Sugar Monitors
  • Nebulizers
  • Oxygen Equipment
  • Suction Pumps
  • Continuous Passive Motion (CPM)
  • Others Equipment
• Personal Mobility Devices
  • Door Openers
  • Other Devices
  • Cranes and Crutches
  • Scooters
  • Walker and Rollators
  • Wheelchairs
• Bathroom Safety Devices and Medical Furniture
  • Mattress & Bedding Devices
  • Commodes and Toilets

Durable Medical Equipment, End-Use Outlook (Revenue - USD Billion, 2019 - 2032)

• Hospitals
• Home Healthcare
• Nursing Homes
• Other End-user

Durable Medical Equipment, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

• North America

• U.S.
• Canada

• Europe

• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands

• Asia Pacific

• China
• India
• Japan
• South Korea
• Indonesia
• Malaysia

• Latin America

• Argentina
• Brazil
• Mexico

• Middle East & Africa

• UAE
• Saudi Arabia
• Israel
• South Africa

Durable Medical Equipment Market Report Scope