Durable Medical Equipment Market Size, DME Sector / Industry Report & Analysis, 2025 (Includes Business Impact of COVID-19)

                                          
Abstract, Snapshot, Market Analysis & Market Definition: Global Durable Medical Equipment Market


The global Durable Medical Equipment market size is projected to reach US$ 271.19 billion by 2026, from US$ 190.1 billion in 2020, at a CAGR of 6.1% during 2021-2026. 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.

Market Segmentation, Outlook & Viewpoint: Global Durable Medical Equipment Market

Product Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2026)

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
  
Nebulizers
  
Oxygen Equipment
  
Continuous Positive Airway Pressure (CPAP)
  
Suction Pumps
  
Traction Equipment
  
Others Equipment

End Use Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2026)

  
Hospital
  
Nursing Homes
  
Home Healthcare
  
Other End-User

Key Players, Recent Developments & Regional Insights: Global Durable Medical Equipment Market

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).

End Use Insights

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.

Regional Insights

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 regions 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 regions growth.

Durable Medical Equipment Market Share Insights

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.

Key Insights Covered: Global Durable Medical Equipment Market

1. North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Durable Medical Equipment industry.
2. Global major manufacturers operating situation (sales, revenue, growth rate and gross margin) of Durable Medical Equipment industry.
3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Durable Medical Equipment industry.
4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Durable Medical Equipment industry.
5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Durable Medical Equipment industry.

Research Methodology: Global Durable Medical Equipment Market

  
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
  
Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
  
Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among other