GVR Report cover Durable Medical Equipment Market Size, Share & Trends Report

Durable Medical Equipment Market Size, Share & Trends Analysis Report By Product, By End Use (Hospitals, Nursing Homes), By Region, And Segment Forecasts, 2022 - 2030

  • Report ID: GVR-1-68038-084-2
  • Number of Pages: 120
  • Format: Electronic (PDF)
  • Historical Range: 2018 - 2020
  • Industry: Healthcare

Report Overview

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.

U.S. durable medical equipment market size, by product, 2020 - 2030 (USD Billion)

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.

Product Insights

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.

End-use Insights

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.

Global durable medical equipment market share, by end-use, 2021 (%)

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.

Regional Insights

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.

Key Companies & Market Share Insights

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.

Durable Medical Equipment Market Report Scope

Report Attribute


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


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


Segments Covered in the Report

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

Frequently Asked Questions About This Report

gvr icn


gvr icn

This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.

gvr icn


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 icon

ESOMAR certified & member

D&B icon

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.

great place to work icon