The global durable medical equipment market size was valued at USD 196.4 billion in 2021 and is anticipated to expand at a CAGR of 5.9% over the forecast period. The COVID-19 pandemic has disrupted the operations and financial liquidity of market players. The growing incidence of cancer, cardiac disorders, neurological conditions, and gynecological complications is likely to drive the product demand during the forecast period. The COVID-19 pandemic had disrupted the supply chain of durable medical equipment (DME) due to the lockdown imposed by the government. The supply chain interruptions have occurred for items such as oxygen equipment, CPAPs and RADs, and nebulizers. The storage of the supply has created complications for the high-risk patients which has further increased the overall demand for the products in the market.
Durable medical equipment helps improve accessibility to perform the task in daily living. DME is covered under Medicare but does not cover disposable items. Medicare Part-B beneficiaries pay 20% of the approved cost of the product and the remaining 80% is paid by Medicare. Better coverage and reimbursement policies for DME products are also likely to help boost the DME market growth. In addition, the rising number of elderly care centers as a result of the increasing geriatric population base across the globe is projected to drive the DME market further.
Elderly people have low immunity levels and thus, are prone to skeletal, cardiac, and neurological problems, which increases the need for long-term care and recovery. This, in turn, is estimated to augment the demand for DME products over the coming years. According to the UN data published in 2017, the population aged 60+ years was around 960 million, which accounted for 13.0% of the global population. Durable medical equipment plays an important role in long-term care after surgery at home or any other healthcare setting. This is also estimated to propel market growth. On the other hand, stringent regulatory guidelines in developed economies and the lack of skilled professionals for this equipment are said to hinder the industry growth.
Based on product, the market is segmented into bathroom safety devices and medical furniture, personal mobility devices, and monitoring and therapeutic devices. In 2021, the monitoring and therapeutic devices segment held a market share of 89.4% owing to the growing incidence of lifestyle-related diseases, which need vital statistics analysis, and increasing demand for wireless monitoring devices. The market is gaining prominence due to the rising number of health and fitness monitoring applications and devices globally such as wrist watches, fitness bands, and smart glasses which can monitor heart rate, oxygen, and temperature and provide critical health analysis to avoid uncertainty.
The bathroom safety device and medical furniture registered the highest growth rate of 6.9% due to the increasing prevalence of obesity and bariatric surgeries worldwide. The introduction of technologically advanced products with supreme patient comfort and portability is expected to fuel the segment growth.
Based on end-use, the market has been segmented into hospitals, nursing homes, home healthcare, and others. Hospitals led the end-use segment with 34.2% in 2021 on account of a high volume of patients due to the increasing chronic diseases globally and increased financing and services capabilities of these healthcare settings.
Nursing homes are considered to provide the most extensive care that can be offered in a non-hospital setting. Along with the basic line of treatment, nursing homes also offer custodial care, which includes skilled care, such as bathing, dressing, and providing meals. The segment is anticipated to witness a lucrative share in the forecast period on account of the increasing number of these establishments across the globe. Home healthcare is expected to witness the highest growth rate over the forecast period due to the cost-saving approach for the patient to get remote healthcare services.
North America accounted highest market share of 34.9% in 2021. The rapid adoption of advanced equipment in the U.S. has allowed the region to account for a larger market share. The presence of leading manufacturers and quick adoption of advanced products are projected to boost the region’s growth further. The region is continuously developing cost-efficient and advanced devices for the patients to capture a huge share of the market. In addition, the rise in the number of hospitals and the growing geriatric population are factors responsible for the regional market growth.
The Asia Pacific is expected to be the fastest-growing region during the forecast period as a result of the rise in the target population base with increasing chronic diseases, the need for medical equipment by the patients, and supportive government initiatives. Moreover, economic strides made by countries, such as China, India, and South Korea, coupled with improvements in healthcare infrastructure will contribute to the region’s growth.
The market is highly competitive, marked by the presence of a large number of international and domestic players. The market players frequently invest in research and development activities for offering unique and advanced products and gaining a greater competitive edge in the industry. The following firms focus on strategic acquisitions, agreements, and partnerships for business development.
For instance, in December 2021, Baxter completed the acquisition of Hillrom. The acquisition is likely to enhance the efficiencies across care settings and help improve care outcomes. Some of the prominent players in the global durable medical equipment market include:
Invacare Corporation
ArjoHuntleigh
Stryker Corporation
Hill Rom, Inc.
Drive Medical
GF Health Products, Inc.
Sunrise Medical
Medline Industries
Hill Rom, Inc.
Carex Health Brands, Inc
Becton, Dickinson and Company
General Electric Company
Medtronic PLC
Compass Health Brands
Getinge AB
Resmed Inc.
Report Attribute |
Details |
Market size value in 2022 |
USD 208.5 billion |
Revenue forecast in 2030 |
USD 331.1 billion |
Growth rate |
CAGR of 5.9% from 2022 to 2030 |
Base year for estimation |
2021 |
Historic data |
2018 - 2020 |
Forecast period |
2022 - 2030 |
Quantitative units |
Revenue in USD billion and CAGR from 2022 to 2030 |
Report coverage |
Revenue forecast, competitive landscape, growth factors, and trends |
Segments covered |
Product, end-use, region |
Regional scope |
North America, Europe, Asia Pacific, Latin America, & MEA |
Country scope |
U.S., Canada, UK, Germany, France, Italy, Spain, Japan, India, China, Australia, South Korea, Brazil, Mexico, Argentina, Colombia, South Africa, Saudi Arabia, UAE |
Key companies profiled |
Invacare Corporation; ArjoHuntleigh; Stryker Corporation; Hill Rom, Inc.; Drive Medical; GF Health Products, Inc.; Sunrise Medical; Medline Industries, Inc.; Carex Health Brands, Inc. Becton, Dickinson and Company; General Electric Company; Medtronic PLC; Compass Health Brands; Getinge AB; and Resmed Inc. |
Customization scope |
Free report customization (equivalent to up to 8 analysts' working days) with purchase. Addition or alteration to country, regional, and segment scope. |
Pricing and purchase options |
Avail of customized purchase options to meet your exact research needs. Explore purchase options |
This report forecasts revenue growth at global, regional, & country levels and provides an analysis of the latest trends and opportunities in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global durable medical equipment market report based on product, end-use, and region:
Product Outlook (Revenue, USD Million; 2018 - 2030)
Personal Mobility Devices
Wheelchairs
Scooters
Walker And Rollators
Cranes And Crutches
Door Openers
Other Devices
Bathroom Safety Devices And Medical Furniture
Commodes And Toilets
Mattress & Bedding Devices
Monitoring And Therapeutic Devices
Blood Glucose Monitors
Continuous Passive Motion (CPM)
Infusion Pumps Market
Nebulizers
Oxygen Equipment
Continuous Positive Airway Pressure (CPAP)
Suction Pumps
Traction Equipment
Others Equipment
End-use Outlook (Revenue, USD Million; 2018 - 2030)
Hospitals
Nursing Homes
Home Healthcare
Other End-user
Regional Outlook (Revenue, USD Million; 2018 - 2030)
North America
U.S.
Canada
Europe
Germany
UK
France
Italy
Spain
Asia Pacific
Japan
China
India
Australia
South Korea
Latin America
Brazil
Mexico
Argentina
Colombia
MEA
South Africa
Saudi Arabia
UAE
b. The global DME market size was estimated at USD 196.4 billion in 2021 and is expected to reach USD 208.5 billion in 2022.
b. The global DME market is expected to grow at a compound annual growth rate of 5.9% from 2022 to 2030 to reach USD 331.1 billion by 2030.
b. North America dominated the global DME market with a share of 34.9% in 2021. This is attributable to the growing incidence of cancer, cardiac disorders, ophthalmic ailments, neurological conditions, and increasing gynecological complications in this region.
b. Some key players operating in the global DME market include Invacare Corporation; ArjoHuntleigh; Stryker Corporation; Hill Rom, Inc.; Drive Medical; GF Health Products, Inc.; Sunrise Medical; Medline Industries, Inc.; and Carex Health Brands, Inc.
b. Key factors that are driving the DME market growth include the rising prevalence of chronic disease, increasing geriatric population base across the globe, and better coverage and reimbursement policies for DME products.
GET A FREE SAMPLE
This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.
NEED A CUSTOM REPORT?
We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports, as well as offer affordable discounts for start-ups & universities.
Contact us now to get our best pricing.
ESOMAR certified & member
Leading SME award by D&B
We are GDPR and CCPA compliant! Your transaction & personal information is safe and secure. For more details, please read our privacy policy.
"The quality of research they have done for us has been excellent."
With Covid-19 infections rising globally, the apprehension regarding a shortage of essential life-saving devices and other essential medical supplies in order to prevent the spread of this pandemic and provide optimum care to the infected also widens. In addition, till a pharmacological treatment is developed, ventilators act as a vital treatment preference for the COVID-19 patients, who may require critical care. Moreover, there is an urgent need for a rapid acceleration in the manufacturing process for a wide range of test-kits (antibody tests, self-administered, and others). The report will account for Covid19 as a key market contributor.
We value your investment and offer free customization with every report to fulfil your exact research needs.