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

Durable Medical Equipment Market Size, Share & Trends Analysis Report By Product (Personal Mobility Devices, Monitoring And Therapeutic Devices), By End Use (Hospitals, Nursing Homes), By Region, And Segment Forecasts, 2023 - 2030

  • Report ID: GVR-1-68038-084-2
  • Number of Pages: 120
  • Format: Electronic (PDF)
  • Historical Range: 2018 - 2021
  • Industry: Healthcare

Report Overview

The global durable medical equipment market size was valued at USD 208.5 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 5.9% from 2023 to 2030. The COVID-19 pandemic 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 over the forecast period. The COVID-19 pandemic also 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.

China durable medical equipment market size and growth rate, 2023 - 2030

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 because 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 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 2022, the monitoring and therapeutic devices segment held a market share of 89.4% owing to 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 wristwatch, fitness band and smart glasses which can monitor heart rate, oxygen, temperature and provide critical health analysis to avoid uncertainty.

The bathroom safety device and medical furniture registered the highest growth rate of 7.0% 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 34.0% in 2022 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 and size, 2022

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. 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 for the 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.

Durable Medical Equipment Market Trends, by Region, 2023 - 2030

The Asia Pacific is expected to be the fastest-growing region during the forecast period because of the rising 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 DME market is highly competitive, marked by the presence of many 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. These 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.

Recent Devlopments

  • In March 2023, Stryker’s Global Technology SmartMedic platform enhances existing ICU bed capabilities at hospitals. SmartMedic is claimed to be India’s first ICU bed upgrade platform and is tailored to monitor patients and address several needs of hospital staff.

  • In December 2022, Stryker expanded its operations in Gurgaon, India with the opening of, a state-of-the-art Neurovascular (NV) lab designed to support stroke-related innovation in Asia Pacific.

  • In September 2021, Hill Rom, Inc. was acquired by Baxter to drive next-generation transformative healthcare innovations and improve clinical outcomes.

  • In August 2021, Invacare Corporation introduces a next generation rear wheel drive power wheelchair, the Invacare® AVIVA® STORM RX™. It facilitates easier stand pivot transfers for patients and diversified Invacare’s product portfolio.

  • In June 2021, Graham-Field launched the Lumex® Gaitster Forearm Rollator, a unique and durable product that helps a user have an upright posture and reduce body strain, and provide optimal stability and control when walking.

  • In June 2021, Graham-Field introduced the Hausted® EPC500, an ergonomic patient chair which featured smart caster technology, high weight capacity, and full radiolucent back. It was designed specifically for outpatient surgeries, emergency rooms, and dialysis.

Durable Medical Equipment Market Report Scope

Report Attribute


Market size value in 2023

USD 221.3 billion

Revenue forecast in 2030

USD 331.1 billion

Growth rate

CAGR of 5.9% from 2023 to 2030

Base year for estimation


Historic data

2018 - 2021

Forecast period

2023 - 2030

Report updated

June 2023

Quantitative units

Revenue in USD billion and CAGR from 2023 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, Denmark, Sweden, Norway, Japan, China, India, Australia, South Korea, Thailand, Brazil, Mexico, Argentina, South Africa, Saudi Arabia, UAE, Kuwait

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.

Customization scope

Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional, and segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options


Global Durable Medical Equipment Market Report Segmentation

This report forecasts revenue growth at global, regional, & country levels and provides an analysis on the latest trends and opportunities in each of the sub segments from 2018 to 2030. For the purpose of this study, Grand View Research has segmented the global durable medical equipment (DME) market on the basis of 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 Sugar 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

      • UK

      • Germany

      • France

      • Italy

      • Spain

      • Denmark

      • Sweden

      • Norway

    • Asia Pacific

      • Japan

      • China

      • India

      • Australia

      • South Korea

      • Thailand

    • Latin America

      • Brazil

      • Mexico

      • Argentina

    • Middle East and Africa (MEA)

      • South Africa

      • Saudi Arabia

      • UAE

      • Kuwait

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