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Durable Medical Equipment Market Size, Trends, Analysis, and Outlook By Product (Personal Mobility Devices, Bathroom Safety Devices and Medical Furniture, Monitoring and Therapeutic Devices), By End-User (Hospitals, Nursing Homes, Home Healthcare, Others), by Region, Country, Segment, and Companies, 2024-2030

March 2024 | 190 pages | ID: DDE28A611E61EN
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The global Durable Medical Equipment market size is poised to register 6.66% growth from 2024 to 2030, presenting significant growth prospects for companies operating in the industry. The industry study analyzes the global Durable Medical Equipment market across By Product (Personal Mobility Devices, Bathroom Safety Devices and Medical Furniture, Monitoring and Therapeutic Devices), By End-User (Hospitals, Nursing Homes, Home Healthcare, Others).

The durable medical equipment (DME) market is growing steadily due to the rising prevalence of chronic diseases, increasing aging population, and expanding home healthcare services. Market growth is fueled by the demand for mobility aids, respiratory devices, and patient monitoring equipment, supported by reimbursement policies and technological advancements enhancing product durability, portability, and connectivity.

Durable Medical Equipment Market Drivers, Trends, Opportunities, and Growth Opportunities

This comprehensive study discusses the latest trends and the most pressing challenges for industry players and investors. The Durable Medical Equipment market research analyses the global market trends, key drivers, challenges, and opportunities in the industry. In addition, the latest Future of Durable Medical Equipment survey report provides the market size outlook across types, applications, and other segments across the world and regions. It provides data-driven insights and actionable recommendations for companies in the Durable Medical Equipment industry.

Key market trends defining the global Durable Medical Equipment demand in 2024 and Beyond

The industry continues to remain an attractive hub for opportunities for both domestic and global vendors. As the market evolves, factors such as emerging market dynamics, demand from end-user sectors, a growing patient base, changes in consumption patterns, and widening distribution channels continue to play a major role.

Durable Medical Equipment Market Segmentation- Industry Share, Market Size, and Outlook to 2030

The Durable Medical Equipment industry comprises a wide range of segments and sub-segments. The rising demand for these product types and applications is supporting companies to increase their investment levels across niche segments. Accordingly, leading companies plan to generate a large share of their future revenue growth from expansion into these niche segments. The report presents the market size outlook across segments to support Durable Medical Equipment companies scaling up production in these sub-segments with a focus on expanding into emerging countries.

Key strategies adopted by companies within the Durable Medical Equipment industry

Leading Durable Medical Equipment companies are boosting investments to capitalize on untapped potential and future possibilities across niche market segments and surging demand conditions in key regions. Further, companies are leveraging advanced technologies to unlock opportunities and achieve operational excellence. The report provides key strategies opted for by the top 10 Durable Medical Equipment companies.

Durable Medical Equipment Market Study- Strategic Analysis Review

The Durable Medical Equipment market research report dives deep into the qualitative factors shaping the market, empowering you to make informed decisions-
  • Industry Dynamics: Porter's Five Forces analysis to understand bargaining power, competitive rivalry, and threats that impact long-term strategy formulation.
  • Strategic Insights: Provides valuable perspectives on key players and their approaches based on comprehensive strategy analysis.
  • Internal Strengths and Weaknesses: Develop targeted strategies to leverage strengths, address weaknesses, and capitalize on market opportunities.
  • Future Possibilities: Prepare for diverse outcomes with in-depth scenario analysis. Explore potential market disruptions, technology advancements, and economic changes.
Durable Medical Equipment Market Size Outlook- Historic and Forecast Revenue in Three Cases

The Durable Medical Equipment industry report provides a detailed analysis and outlook of revenue generated by companies from 2018 to 2023. Further, with actual data for 2023, the report forecasts the market size outlook from 2024 to 2030 in three case scenarios- low case, reference case, and high case scenarios.

Durable Medical Equipment Country Analysis and Revenue Outlook to 2030

The report analyses 22 countries worldwide including the key driving forces and market size outlook from 2021 to 2030. In addition, region analysis across Asia Pacific, Europe, the Middle East, Africa, North America, and South America is included in the study. For each of the six regions, the market size outlook by segments is forecast for 2030.

North America Durable Medical Equipment Market Size Outlook- Companies plan for focused investments in a changing environment

The US continues to remain the market leader in North America, driven by a large consumer base, the presence of well-established providers, and a strong end-user industry demand. Leading companies focus on new product launches in the changing environment. The US economy is expected to grow in 2024 (around 2.2% growth in 2024), potentially driving demand for various Durable Medical Equipment market segments. Similarly, Strong end-user demand is encouraging Canadian Durable Medical Equipment companies to invest in niche segments. Further, as Mexico continues to strengthen its trade relations and invest in technological advancements, the Mexico Durable Medical Equipment market is expected to experience significant expansion, offering lucrative opportunities for both domestic and international stakeholders.

Europe Durable Medical Equipment Market Size Outlook-Companies investing in assessing consumers, categories, competitors, and capabilities

The German industry remains the major market for companies in the European Durable Medical Equipment industry with consumers in Germany, France, the UK, Spain, Italy, and others anticipated to register a steady demand throughout the forecast period, driving the overall market prospects. In addition, the proactive approach of businesses in identifying and leveraging new growth prospects positions the European Durable Medical Equipment market for an upward trajectory, fostering both domestic and international interest. Leading brands operating in the industry are emphasizing effective marketing strategies, innovative product offerings, and a keen understanding of consumer preferences.

Asia Pacific Durable Medical Equipment Market Size Outlook- an attractive hub for opportunities for both local and global companies

The increasing prevalence of indications, robust healthcare expenditure, and increasing investments in healthcare infrastructure drive the demand for Durable Medical Equipment in Asia Pacific. In particular, China, India, and South East Asian Durable Medical Equipment markets present a compelling outlook for 2030, acting as a magnet for both domestic and multinational manufacturers seeking growth opportunities. Similarly, with a burgeoning population and a rising middle class, India offers a vast consumer market. Japanese and Korean companies are quickly aligning their strategies to navigate changes, explore new markets, and enhance their competitive edge. Our report utilizes in-depth interviews with industry experts and comprehensive data analysis to provide a comprehensive outlook of 6 major markets in the region.

Latin America Durable Medical Equipment Market Size Outlook- Continued urbanization and rising income levels

Rising income levels contribute to greater purchasing power among consumers, spurring consumption and creating opportunities for market expansion. Continued urbanization and rising income levels are expected to sustainably drive consumption growth in the medium to long term.

Middle East and Africa Durable Medical Equipment Market Size Outlook- continues its upward trajectory across segments

Robust demand from Middle Eastern countries including Saudi Arabia, the UAE, Qatar, Kuwait, and other GCC countries supports the overall Middle East Durable Medical Equipment market potential. Fueled by increasing healthcare expenditure of individuals, growing population, and high prevalence across a few markets drives the demand for Durable Medical Equipment.

Durable Medical Equipment Market Company Profiles

The global Durable Medical Equipment market is characterized by intense competitive conditions with leading companies opting for aggressive marketing to gain market shares. The report presents business descriptions, SWOT analysis, growth strategies, and financial profiles. Leading companies included in the study are ArjoHuntleigh, Becton, Dickinson and Company, Carex Health Brands Inc, Compass Health Brands, Drive Medical, General Electric Company, Getinge AB, GF Health Products Inc, Hill Rom Inc, Hill Rom Inc, Invacare Corp, Medline Industries, Medtronic PLC, Resmed Inc, Stryker Corp, Sunrise Medical

Recent Durable Medical Equipment Market Developments

The global Durable Medical Equipment market study presents recent market news and developments including new product launches, mergers, acquisitions, expansions, product approvals, and other updates in the industry.

Durable Medical Equipment Market Report Scope

Parameters: Revenue, Volume Price

Study Period: 2023 (Base Year); 2018- 2023 (Historic Period); 2024- 2030 (Forecast Period)

Currency: USD; (Upon request, can be provided in Euro, JPY, GBP, and other Local Currency)

Qualitative Analysis
  • Pricing Analysis
  • Value Chain Analysis
  • SWOT Profile
  • Market Dynamics- Trends, Drivers, Challenges
  • Porter’s Five Forces Analysis
  • Macroeconomic Impact Analysis
  • Case Scenarios- Low, Base, High
Market Segmentation:

By Product

Personal Mobility Devices

-Wheelchairs

-Scooters

-Walker and Rollators

-Cranes and Crutches

-Door Openers

-Others

Bathroom Safety Devices and Medical Furniture

-Commodes and Toilets

-Mattress & Bedding Devices

Monitoring and Therapeutic Devices

-Blood sugar monitors

-Continuous passive motion (CPM)

-Infusion pumps

-Nebulizers

-Oxygen equipment

-Continuous Positive Airway Pressure (CPAP)

-Suction pumps

-Traction equipment

-Others

By End-User

Hospitals

Nursing Homes

Home Healthcare

Others

Geographical Segmentation:
  • North America (3 markets)
  • Europe (6 markets)
  • Asia Pacific (6 markets)
  • Latin America (3 markets)
  • Middle East Africa (5 markets)
Companies

ArjoHuntleigh

Becton, Dickinson and Company

Carex Health Brands Inc

Compass Health Brands

Drive Medical

General Electric Company

Getinge AB

GF Health Products Inc

Hill Rom Inc

Hill Rom Inc

Invacare Corp

Medline Industries

Medtronic PLC

Resmed Inc

Stryker Corp

Sunrise Medical

Formats Available: Excel, PDF, and PPT
1. EXECUTIVE SUMMARY

1.1 Durable Medical Equipment Market Overview and Key Findings, 2024
1.2 Durable Medical Equipment Market Size and Growth Outlook, 2021- 2030
1.3 Durable Medical Equipment Market Growth Opportunities to 2030
1.4 Key Durable Medical Equipment Market Trends and Challenges
  1.4.1 Durable Medical Equipment Market Drivers and Trends
  1.4.2 Durable Medical Equipment Market Challenges
1.5 Competitive Landscape and Key Players
1.6 Competitive Analysis- Growth Strategies Adopted by Leading Durable Medical Equipment Companies

2. DURABLE MEDICAL EQUIPMENT MARKET SIZE OUTLOOK TO 2030

2.1 Durable Medical Equipment Market Size Outlook, USD Million, 2021- 2030
2.2 Durable Medical Equipment Incremental Market Growth Outlook, %, 2021- 2030
2.3 Segment Snapshot, 2024

3. DURABLE MEDICAL EQUIPMENT MARKET- STRATEGIC ANALYSIS REVIEW

3.1 Porter's Five Forces Analysis
* Threat of New Entrants
* Threat of Substitutes
* Intensity of Competitive Rivalry
* Bargaining Power of Buyers
* Bargaining Power of Suppliers
3.2 Value Chain Analysis
3.3 SWOT Analysis

4. DURABLE MEDICAL EQUIPMENT MARKET SEGMENTATION ANALYSIS AND OUTLOOK

4.1 Market Segmentation and Scope
4.2 Market Breakdown by Type, Application, and Other Segments, 2021-2030
By Product
Personal Mobility Devices
-Wheelchairs
-Scooters
-Walker and Rollators
-Cranes and Crutches
-Door Openers
-Others
Bathroom Safety Devices and Medical Furniture
-Commodes and Toilets
-Mattress & Bedding Devices
Monitoring and Therapeutic Devices
-Blood sugar monitors
-Continuous passive motion (CPM)
-Infusion pumps
-Nebulizers
-Oxygen equipment
-Continuous Positive Airway Pressure (CPAP)
-Suction pumps
-Traction equipment
-Others
By End-User
Hospitals
Nursing Homes
Home Healthcare
Others
4.3 Growth Prospects and Niche Opportunities, 2023- 2030
4.4 Regional comparison of Market Growth, CAGR, 2023-2030

5. REGION-WISE MARKET OUTLOOK TO 2030

5.1 Key Findings for Asia Pacific Durable Medical Equipment Market, 2025
5.2 Asia Pacific Durable Medical Equipment Market Size Outlook by Type, 2021- 2030
5.3 Asia Pacific Durable Medical Equipment Market Size Outlook by Application, 2021- 2030
5.4 Key Findings for Europe Durable Medical Equipment Market, 2025
5.5 Europe Durable Medical Equipment Market Size Outlook by Type, 2021- 2030
5.6 Europe Durable Medical Equipment Market Size Outlook by Application, 2021- 2030
5.7 Key Findings for North America Durable Medical Equipment Market, 2025
5.8 North America Durable Medical Equipment Market Size Outlook by Type, 2021- 2030
5.9 North America Durable Medical Equipment Market Size Outlook by Application, 2021- 2030
5.10 Key Findings for South America Durable Medical Equipment Market, 2025
5.11 South America Pacific Durable Medical Equipment Market Size Outlook by Type, 2021- 2030
5.12 South America Durable Medical Equipment Market Size Outlook by Application, 2021- 2030
5.13 Key Findings for Middle East and Africa Durable Medical Equipment Market, 2025
5.14 Middle East Africa Durable Medical Equipment Market Size Outlook by Type, 2021- 2030
5.15 Middle East Africa Durable Medical Equipment Market Size Outlook by Application, 2021- 2030

6. COUNTRY-WISE MARKET SIZE OUTLOOK TO 2030

6.1 US Durable Medical Equipment Market Size Outlook and Revenue Growth Forecasts
6.2 US Durable Medical Equipment Industry Drivers and Opportunities
6.3 Canada Market Size Outlook and Revenue Growth Forecasts
6.4 Canada Durable Medical Equipment Industry Drivers and Opportunities
6.6 Mexico Market Size Outlook and Revenue Growth Forecasts
6.6 Mexico Durable Medical Equipment Industry Drivers and Opportunities
6.7 Germany Market Size Outlook and Revenue Growth Forecasts
6.8 Germany Durable Medical Equipment Industry Drivers and Opportunities
6.9 France Market Size Outlook and Revenue Growth Forecasts
6.10 France Durable Medical Equipment Industry Drivers and Opportunities
6.11 UK Market Size Outlook and Revenue Growth Forecasts
6.12 UK Durable Medical Equipment Industry Drivers and Opportunities
6.13 Spain Market Size Outlook and Revenue Growth Forecasts
6.14 Spain Durable Medical Equipment Industry Drivers and Opportunities
6.16 Italy Market Size Outlook and Revenue Growth Forecasts
6.16 Italy Durable Medical Equipment Industry Drivers and Opportunities
6.17 Rest of Europe Market Size Outlook and Revenue Growth Forecasts
6.18 Rest of Europe Durable Medical Equipment Industry Drivers and Opportunities
6.19 China Market Size Outlook and Revenue Growth Forecasts
6.20 China Durable Medical Equipment Industry Drivers and Opportunities
6.21 India Market Size Outlook and Revenue Growth Forecasts
6.22 India Durable Medical Equipment Industry Drivers and Opportunities
6.23 Japan Market Size Outlook and Revenue Growth Forecasts
6.24 Japan Durable Medical Equipment Industry Drivers and Opportunities
6.26 South Korea Market Size Outlook and Revenue Growth Forecasts
6.26 South Korea Durable Medical Equipment Industry Drivers and Opportunities
6.27 Australia Market Size Outlook and Revenue Growth Forecasts
6.28 Australia Durable Medical Equipment Industry Drivers and Opportunities
6.29 South East Asia Market Size Outlook and Revenue Growth Forecasts
6.30 South East Asia Durable Medical Equipment Industry Drivers and Opportunities
6.31 Rest of Asia Pacific Market Size Outlook and Revenue Growth Forecasts
6.32 Rest of Asia Pacific Durable Medical Equipment Industry Drivers and Opportunities
6.33 Brazil Market Size Outlook and Revenue Growth Forecasts
6.34 Brazil Durable Medical Equipment Industry Drivers and Opportunities
6.36 Argentina Market Size Outlook and Revenue Growth Forecasts
6.36 Argentina Durable Medical Equipment Industry Drivers and Opportunities
6.37 Rest of South America Market Size Outlook and Revenue Growth Forecasts
6.38 Rest of South America Durable Medical Equipment Industry Drivers and Opportunities
6.39 Middle East Market Size Outlook and Revenue Growth Forecasts
6.40 Middle East Durable Medical Equipment Industry Drivers and Opportunities
6.41 Africa Market Size Outlook and Revenue Growth Forecasts
6.42 Africa Durable Medical Equipment Industry Drivers and Opportunities

7. DURABLE MEDICAL EQUIPMENT MARKET OUTLOOK ACROSS SCENARIOS

7.1 Low Growth Case
7.2 Reference Growth Case
7.3 High Growth Case

8. DURABLE MEDICAL EQUIPMENT COMPANY PROFILES

8.1 Profiles of Leading Durable Medical Equipment Companies in the Market
8.2 Business Descriptions, SWOT Analysis, and Growth Strategies
8.3 Financial Performance and Key Metrics
ArjoHuntleigh
Becton, Dickinson and Company
Carex Health Brands Inc
Compass Health Brands
Drive Medical
General Electric Company
Getinge AB
GF Health Products Inc
Hill Rom Inc
Hill Rom Inc
Invacare Corp
Medline Industries
Medtronic PLC
Resmed Inc
Stryker Corp
Sunrise Medical

9. APPENDIX

9.1 Scope of the Report
9.2 Research Methodology and Data Sources
9.3 Glossary of Terms
9.4 Market Definitions
9.5 Contact Information


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