Durable Medical Equipment Market - Forecast(2024 - 2030)

Report Code: HCR 1526 Report Format: PDF + Excel

Durable Medical Equipment Market Overview:

The Durable Medical Equipment Market size was valued at USD 213.5 Billion in 2022, and it is expected to reach USD 342.8 Billion in 2030 growing at a compound annual growth rate (CAGR) of 6.1% from 2023 to 2030.

Durable medical equipment (DME) market refers to the sector of the healthcare industry that involves the production, distribution, and use of medical devices and equipment that are designed for long-term use by patients. These products are typically prescribed by healthcare professionals to assist in the treatment and management of various medical conditions and disabilities.

Durable medical equipment includes a wide range of products, such as mobility aids (wheelchairs, crutches, walkers), medical beds, respiratory devices (oxygen concentrators, ventilators), monitoring devices (blood pressure monitors, glucose meters), prosthetics, orthotics, and other assistive devices. These products are intended to enhance the quality of life, improve mobility, provide therapeutic benefits, and support the independent living of patients with chronic illnesses, disabilities, or recovering from surgeries.

The market for durable medical equipment has been growing steadily due to several factors, including the aging population, increasing prevalence of chronic diseases, technological advancements in medical devices, and rising healthcare expenditures. As the demand for home-based healthcare Supplies and personalized care increases, the need for durable medical equipment also rises. 

Market Snapshot: 

Durable Medical Equipment Market- Report Coverage:

The “Durable Medical Equipment Market Report - Forecast (2023-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Tendonitis Treatment Market.


Attribute

Segment



By Device Type

  • Wheelchair

  • Crutch and Cane

  • Walker

  • Scooter

  • Others



Medical Furniture

  • Medical Bed and Mattress

  • Commode and Toilet

  • Stretches

  • Lift Chairs

  • Others



By End Use

  • Hospitals

  • Nursing Homes

  • Homecare Setting

  • Other Conditions



By Geography

  • Europe

  • Asia-Pacific

  • North America

  • South America an

  • Rest of the World

 

Durable Medical Equipment Market- Top Trends:

Growing Aging Population: The global population is aging, leading to an increased demand for healthcare services, including DME. As the elderly population expands, there is a higher need for durable medical equipment such as mobility aids, respiratory devices, and home care equipment.

Technological Advancements: The DME market has been witnessing significant technological advancements. Innovations such as wearable devices, remote patient monitoring systems, smart medical devices, and advanced prosthetics have improved the quality of care and patient outcomes. These technological advancements have also led to the development of more efficient and user-friendly DME products.

Increasing Home Healthcare: There has been a rising trend towards home-based healthcare services. Patients prefer to receive medical care in the comfort of their own homes, leading to an increased demand for DME that enables home healthcare. This includes equipment like home infusion therapy devices, portable oxygen concentrators, and patient monitoring systems.

Increasing Healthcare Expenditure: Rising healthcare expenditure, particularly in developing countries, is contributing to the growth of the DME market. As governments and private healthcare providers invest more in healthcare infrastructure and services, the demand for durable medical equipment is expected to increase.

The Durable Medical Equipment Market- Company Analysis

Medtronic: is a multinational medical technology company that specializes in the development, manufacturing, and distribution of medical devices and therapies. It was founded in 1949 and has since become one of the largest and most well-known companies in the medical technology industry.

Johnson & Johnson (J&J): is a multinational corporation that operates in the healthcare industry. Founded in 1886, J&J has grown to become one of the largest and most recognizable companies in the world. The company is known for its diverse range of products, including pharmaceuticals, medical devices, and consumer healthcare products 

Philips Healthcare:  a division of Royal Philips, is a leading global provider of healthcare technology solutions. The company offers a wide range of products and services that span the entire healthcare continuum, including imaging systems, patient monitoring, healthcare informatics, and personal health solutions. Here's an analysis of Philips Healthcare

GE Healthcare: is a subsidiary of General Electric (GE) and is a leading provider of medical imaging equipment, healthcare information technology, and other healthcare solutions. Let's analyze the company based on various aspects

Key Market Players: 

Product/Service launches, approvals, patents and events, acquisitions, partnerships, and collaborations are key strategies adopted by players in the Durable Medical Equipment Market. The top 10 companies in this industry are listed below:

1. Medtronic

2. Johnson & Johnson

3. Philips Healthcare

4. GE Healthcare

5. Baxter International

6. Siemens Healthineers

7. Becton, Dickinson and Company (BD)

8. 3M Health Care

9. Stryker Corporation

10. Cardinal Health

Scope of Report: 

Report Metric

Details

Base Year Considered

2022

Forecast Period

2023 – 2030

CAGR

6.1%

Market Size in 2030

342.8 Billion

Segments Covered

By Type, By Treatment, By Condition, By Geography



Geographies Covered



  • North America

  • Europe

  • Asia-Pacific

  • South America

  • Rest of the world





Key Market Players

  1. Medtronic

  2. Johnson & Johnson

  3. Philips Healthcare

  4. GE Healthcare

  5. Baxter International

  6. Siemens Healthineers

  7. Becton, Dickinson and Company (BD)

  8. 3M Health Care

  9. Stryker Corporation

  10. Cardinal Health


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1. Durable Medical Equipment Market - Overview
    1.1. Definitions and Scope
2.  Durable Medical Equipment Market - Executive Summary
3. Durable Medical Equipment Market - Comparative Analysis
    3.1. Company Benchmarking - Key Companies
    3.2. Global Financial Analysis - Key Companies
    3.3. Market Share Analysis - Key Companies
    3.4. Patent Analysis
    3.5. Pricing Analysis
4. Durable Medical Equipment Market - Start-up Companies Scenario 
    4.1. Key Start-up Company Analysis by
        4.1.1. Investment
        4.1.2. Revenue
        4.1.3. Venture Capital and Funding Scenario
5. Durable Medical Equipment Market – Market Entry Scenario Premium 
    5.1. Regulatory Framework Overview
    5.2. New Business and Ease of Doing Business Index
    5.3. Case Studies of Successful Ventures
6. Durable Medical Equipment Market - Forces
    6.1. Market Drivers
    6.2. Market Constraints
    6.3. Market Challenges
    6.4. Porter's Five Force Model
        6.4.1. Bargaining Power of Suppliers
        6.4.2. Bargaining Powers of Customers
        6.4.3. Threat of New Entrants
        6.4.4. Rivalry Among Existing Players
        6.4.5. Threat of Substitutes
7. Durable Medical Equipment Market – Strategic Analysis
    7.1. Value Chain Analysis
    7.2. Opportunities Analysis
    7.3. Market Life Cycle
8. Durable Medical Equipment Market – by Device Type
    8.1. Wheelchair
        8.1.1 Market Trends by Region
        8.1.2 Market Share & Forecast by Region
    8.2. Crutch and Cane
        8.2.1 Market Trends by Region
        8.2.2 Market Share & Forecast by Region
    8.3. Walker
        8.3.1 Market Trends by Region
        8.3.2 Market Share & Forecast by Region
    8.4.  Scooter
        8.4.1 Market Trends by Region
        8.4.2 Market Share & Forecast by Region
    8.5. Others
        8.5.1 Market Trends by Region
        8.5.2 Market Share & Forecast by Region
9. Durable Medical Equipment Market –  Medical Furniture 
    9.1 Medical Bed and Mattress
            9.1.1 Market Trends by Region
            9.1.2 Market Share & Forecast by Region
    9.2 Commode and Toilet
            9.2.1 Market Trends by Region
            9.2.2 Market Share & Forecast by Region
    9.3 Stretches
            9.3.1 Market Trends by Region
            9.3.2 Market Share & Forecast by Region
    9.4 Lift Chairs
        9.4.1 Market Trends by Region
        9.4.2 Market Share & Forecast by Region
10. Durable Medical Equipment Market – By End Use  (Market Size – $Million/$Billion) 
     10.1 Hospitals
        10.1.1 Market Trends by Region
        10.1.2 Market Share & Forecast by Region
    10.2 Nursing Homes
        10.2.1 Market Trends by Region
        10.2.2 Market Share & Forecast by Region
    10.3 Homecare Settings
        10.3.1 Market Trends by Region
        10.3.2 Market Share & Forecast by Region
11. Durable Medical Equipment Market – by Geography (Market Size – $Million/$Billion) 
    11.1. North America 
        11.1.1. The U.S. 
        11.1.2. Canada 
     11.2. Europe 
        11.2.1. UK 
        11.2.2. Germany 
        11.2.3. France 
        11.2.4. Italy 
        11.2.5. Spain 
        11.2.6. Russia 
        11.2.7. Rest of Europe 
    11.3. Asia-Pacific 
        11.3.1. China 
        11.3.2. India 
        11.3.3. Japan 
        11.3.4. South Korea 
        11.3.5. Australia & New Zealand 
        11.3.6. Rest of Asia-Pacific 
    11.4. South America 
        11.4.1. Brazil 
        11.4.2. Argentina 
        11.4.3. Chile 
        11.4.4. Colombia 
        11.4.5. Rest of South America 
    11.5. Rest of the World 
        11.5.1. Middle East 
        11.5.2. Africa 
     11.1 Europe
        11.1.1 The U.S.
        11.1.2 Canada
    11.2 Asia-Pacific
        11.2.1 UK
        11.2.2 Germany
        11.2.3 France
        11.2.4 Italy
        11.2.5 Spain
        11.2.6 Russia
        11.2.7 Rest of Europe
        11.2.8 Middle East and Africa
        11.2.9 India
        11.2.10 Japan
        11.2.11 South Korea
        11.2.12 Australia & New Zealand
        11.2.13 Rest of Asia-Pacific
        11.2.14 South America an
        11.2.15 Brazil
        11.2.16 Argentina
        11.2.17 Chile
        11.2.18 Colombia
        11.2.19 Rest of South America
    11.3 Rest of the World
        11.3.1 Middle East
        11.3.2 Africa
12 Durable Medical Equipment Market – Entropy
13 Durable Medical Equipment Market – Industry/Segment Competition Landscape Premium 
    13.1 Market Share Analysis
            13.1.1 Market Share by Product Type – Key Companies
            13.1.2 Market Share by Region – Key Companies
            13.1.3 Market Share by Country – Key Companies
    13.2 Competition Matrix
    13.3 Best Practices for Companies
14 Durable Medical Equipment Market – Key Company List by Country Premium Premium 
15 Durable Medical Equipment Market - Company Analysis
    15.1 Medtronic
    15.2 Johnson & Johnson
    15.3 Philips Healthcare
    15.4 GE Healthcare
    15.5 Baxter International
    15.6 Siemens Healthineers
    15.7 Becton, Dickinson and Company (BD)
    15.8 3M Health Care
    15.9  Stryker Corporation
    15.10 Boston Scientific CorporationCardinal Health
    15.11 Siemens Healthineers
    15.12 Abbott Laboratories
    15.13 3M Healthcare
    15.14 Smith & Nephew plc
    15.15 Olympus Corporation
    15.16 ResMed Inc.
    15.17 Hologic, Inc.
    15.18 Hill-Rom Holdings, Inc.
    15.19 Invacare Corporation
    15.20 Stryker Corporation

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The Durable Medical Equipment Market is projected to grow at 6.1% CAGR during the forecast period 2023-2030.

Durable Medical Equipment Market size is projected to reach 342.8 Billion by 2030

1. The leading players in the Durable Medical Equipment Market are Medtronic ,Johnson & Johnson , Philips Healthcare , GE Healthcare , Baxter International ,Siemens Healthineers , Becton, Dickinson and Company (BD) , 3M Health Care , Stryker Corporation ,Cardinal Health