The global Durable Medical Equipment market size was valued at USD 168.87 billion in 2018 and is expected to witness a CAGR of 6.1% over the forecast period. Durable medical equipment are intended for the management of various medical conditions and illness and offer convenience and therapeutic benefits to the patients.
Growing incidence of cancer, cardiac disorders, ophthalmic ailments, neurological conditions, and gynecological complications will drive the product demand over the forecast period. Better coverage and reimbursement policies for DME products are also likely to help boost the DME market growth. In addition, rising number of elderly care centers as a result of 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, population aged 60+ years was around 960 million, which accounted for 13.0% of the global population.
Durable medical equipment play an important role in long-term care after surgery at home or any other healthcare setting. This is also estimated to propel the market growth. On the other hand, stringent regulatory guidelines in developed economies and the lack of skilled professionals for these equipment are said to hinder the industry growth.
On the basis of product, the market is segmented into bathroom safety devices and medical furniture, personal mobility devices, and monitoring and therapeutic devices. In 2018, the personal mobility devices segment held a market share of 8.5% and is expected to register the maximum CAGR of 6.4% over the forecast period. In January 2016, People Inc., introduced a new DME supplier, People First Mobility (PFM). It is dedicated to providing a powered wheelchair, hospital beds, lift, and scooters for people suffering from developmental disabilities and requiring special attention.
The introduction of technologically advanced products with supreme patient comfort and portability is expected to fuel the segment growth. Monitoring and therapeutic devices include blood sugar monitors, infusion pumps, nebulizer, Continuous Passive Motion (CPM), oxygen equipment, suction pumps, Continuous Positive Airway Pressure (CPAP), traction equipment, and others. The others segment further includes wound care products, cardiology devices, vital sign monitors, and neuromonitors.
The others segment held the highest market share in 2018. Rising cases of lifestyle-related diseases and high demand for wireless monitoring equipment are expected to augment the segment growth. Nebulizers is expected to be the second fastest-growing segment over the forecast period on account of the rising prevalence of asthma and Chronic Obstructive Pulmonary Disease (COPD).
On the basis of end use, the market has been segmented into the hospitals, nursing homes, home healthcare, and others. Hospitals led end-use segment in 2018 on account of high volume of patients and increased financing 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 over the forecast period on account of the increasing number of these establishments across the globe.
North America is expected to be a significant contributor to the global market. Presence of leading manufacturers and quick adoption of advanced products are projected to boost the region’s growth further. In addition, rise in the number of hospitals and growing geriatric population are projected to contribute to the regional market. Asia Pacific is expected to be the fastest-growing region during the forecast period as a result of rising target population base and supportive government initiatives.
In 2017, the Indian Government envisaged National Health Policy for quality healthcare outcomes. Moreover, it introduced Draft National Medical Device Policy, in 2015, to reduce dependence on imports to give impetus to the Make in India initiative. It also introduced a new Goods and Services Tax (GST) regime at 12%, which is expected to lower the cost of manufacturing, thereby reducing the final product costs. Moreover, economic strides made by countries, such as China, India, and South Korea, coupled with improvement in healthcare infrastructure will contribute to the region’s growth.
Some of the key companies in this 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. These firms focus on strategic acquisitions, agreement, and partnerships for business development. For instance, in January 2019, Medical Imaging Corp., a provider of medical supplies to the U.S. and Canadian hospitals, acquired Sandy Shores Medical, Inc., a supplier of DME products.
Base year for estimation
Actual estimates/Historical data
2015 - 2017
2019 - 2026
Revenue in USD Million and CAGR from 2019 to 2026
North America, Europe, Asia Pacific, Latin America, Middle East & Africa
U.S., Canada, Germany, U.K., France, Italy, Spain, China, Japan, India, Australia, South Korea, Brazil, Mexico, Argentina, Colombia, South Africa, Saudi Arabia, and UAE
Revenue forecast, competitive landscape, growth factors and trends
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This report forecasts revenue and volume growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2015 to 2026. For the purpose of this study, Grand View Research has segmented the global Durable Medical Equipment market report on the basis of product, end use, and region:
Product Outlook (Revenue, USD Million, 2015 - 2026)
Personal Mobility Devices
Walker and Rollators
Cranes and Crutches
Bathroom Safety devices and Medical Furniture
Commodes and Toilets
Mattress & Bedding Devices
Monitoring and Therapeutic Devices
Blood Sugar Monitors
Continuous Passive Motion (CPM)
Continuous Positive Airway Pressure (CPAP)
End Use Outlook (Revenue, USD Million, 2015 - 2026)
Regional Outlook (Revenue, USD Million, 2015 - 2026)
Middle East & Africa
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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.