Increased demand for durable equipment such as wheelchairs, mobility devices, therapeutic devices, and monitoring devices in hospital and home care settings is expected to rise as the number of persons with one or more disabilities rises. Changes in lifestyle habits, such as eating and sleeping, are also expected to increase the demand for rehab and hospital treatments. As a result, demand for wheelchairs, walkers, crutches and canes, and other bariatric mobility and support aids would rise. The global Durable Medical Equipment (DME) market is projected to rise at a considerable rate in the forthcoming years.
During the estimated period, rising government initiatives in preventive health care programs contribute to driving the expansion of the durable medical equipment (DME) market. Also, market growth is boosted by increased financing and increased acceptance of durable medical equipment in-home care settings.
On the other hand, the market is hampered by low acceptance of digitally sophisticated products and a lack of skilled personnel.
| Report Metric | Details |
| Market size available for years | 2023–2030 |
| Base year considered | 2023 |
| Forecast period | 2024–2030 |
| Forecast unit | Value (USD Million) |
| Segments covered | Equipment Type, End Users, and Region. |
| Regions covered | North America (the U.S. and Canada), Europe (UK, Germany, France, Italy, Spain, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South East Asia, Rest of Asia Pacific), Latin America and the Middle East and Africa (Brazil, Saudi Arabia, UAE, Rest of LAMEA) |
| Companies covered | Stryker Corporation, Medtronic plc., Medline Industries, Inc., BD, Hill-Rom Holdings, Inc., Drive DeVilbiss Healthcare, Inc., Invacare Corporation, Sunrise Medical (US) LLC, ResMed, Inc. |
Covid-19 Impact on Durable Medical Equipment (DME) Market
In addition, the current Durable Medical Equipment (DME) Market study offers a detailed analysis of the current COVID-19 pandemic impact on the market growth and its influence on the future growth of the Durable Medical Equipment (DME) Market. The recently published report demonstrates the elevation in the demand for the healthcare sector. The healthcare manufacturers have experienced long term as well as short term effect which includes supply shortages, panic buying, and stocking, regulation changes as short-term whereas approval delays and possible trend variations in consumption could be perceived as long-term impacts of COVID-19 on the health and pharmaceutical market.
The increasing need for a cure has pushed vaccine research and manufacturers to the limit. In addition to this, panic conditions have already spurred the demand for many healthcare products and services which are discussed in detail in this report. Moreover, the impact of COVID-19 on overall market revenue for the base year 2020 and its projection up to 2027 is provided in detail in this report.
Durable Medical Equipment (DME) Market Segment Overview
According to Equipment Type, Personal Mobility Devices is one of the major segments in the Durable Medical Equipment (DME) Market. Personal Mobility Devices include Wheelchairs, Crutches & Canes, Walkers, and Others. Moreover, Medical Furniture is another main segment in the global market. Medical Furniture includes Medical Beds, Mattress, Stretchers, Lift Chairs, and Others.
Durable Medical Equipment (DME) Market, By Equipment Type
· Personal Mobility Devices
· Medical Furniture
· Bathroom Safety Devices
· Monitoring & Therapeutic Devices
Durable Medical Equipment (DME) Market, By End Users
· Hospitals
· Ambulatory Surgical Centers
· Home Care Settings
· Others
Durable Medical Equipment (DME) Market Regional Overview
The global Durable Medical Equipment market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America is likely to play an important role in the global market. The region's growth is expected to be boosted by the presence of prominent manufacturers and the rapid uptake of innovative products. In addition, the regional industry is expected to benefit from an increase in the number of hospitals and a growing geriatric population. Additionally, as a result of increased target population bases and supportive government measures, Asia Pacific is predicted to be the fastest-growing market over the projection period.
Durable Medical Equipment (DME) Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Durable Medical Equipment (DME) Market Competitor overview
Some key developments and strategies adopted by manufacturers in Durable Medical Equipment (DME) are highlighted below.
· In January 2023, Medical Imaging Corp. announced that it has acquired a new subsidiary company Sandy Shores Medical, Inc. that focuses on Durable Medical Equipment, Prosthetics, Orthotics, and Supplies (DMEPOS).
· In July 2023, Dynarex has added several new products to its line of durable medical equipment, including two new wheelchairs, and an elongated raised toilet seat. It also has in stock its line of homecare bariatric beds.
Durable Medical Equipment (DME) Market, Key Players
· Stryker Corporation
· Medtronic plc.
· Medline Industries, Inc.
· BD
· Hill-Rom Holdings, Inc.
· Drive DeVilbiss Healthcare, Inc.
· Invacare Corporation
· Sunrise Medical (US) LLC,
· ResMed, Inc.
Frequently Asked Questions (FAQ) :
Q1. What are the driving factors for the global Durable Medical Equipment (DME) market?
Q2. Which Segments are covered in the global Durable Medical Equipment (DME) market report?
Q3. Which segment is projected to hold the largest share in the global Durable Medical Equipment (DME) market?
Q4. Which region holds the largest share in the global Durable Medical Equipment (DME) market?
Q5. Which are the prominent players in the global Durable Medical Equipment (DME) market?
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Durable Medical Equipment (DME) Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Equipment Type
- 5.2.1. Personal Mobility Devices
- 5.2.2. Medical Furniture
- 5.2.3. Bathroom Safety Devices
- 5.2.4. Monitoring & Therapeutic Devices
- 5.3. Market Analysis, Insights and Forecast – By End Users
- 5.3.1. Hospitals
- 5.3.2. Ambulatory Surgical Centers
- 5.3.3. Home Care Settings
- 5.3.4. Others
- 5.4. Market Analysis, Insights and Forecast – By Region
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia Pacific
- 5.4.4. Latin America, Middle East and Africa
6. North America Durable Medical Equipment (DME) Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Equipment Type
- 6.2.1. Personal Mobility Devices
- 6.2.2. Medical Furniture
- 6.2.3. Bathroom Safety Devices
- 6.2.4. Monitoring & Therapeutic Devices
- 6.3. Market Analysis, Insights and Forecast – By End Users
- 6.3.1. Hospitals
- 6.3.2. Ambulatory Surgical Centers
- 6.3.3. Home Care Settings
- 6.3.4. Others
- 6.4. Market Analysis, Insights and Forecast – By Country
- 6.4.1. U.S.
- 6.4.2. Canada
7. Europe Durable Medical Equipment (DME) Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Equipment Type
- 7.2.1. Personal Mobility Devices
- 7.2.2. Medical Furniture
- 7.2.3. Bathroom Safety Devices
- 7.2.4. Monitoring & Therapeutic Devices
- 7.3. Market Analysis, Insights and Forecast – By End Users
- 7.3.1. Hospitals
- 7.3.2. Ambulatory Surgical Centers
- 7.3.3. Home Care Settings
- 7.3.4. Others
- 7.4. Market Analysis, Insights and Forecast – By Country
- 7.4.1. UK
- 7.4.2. Germany
- 7.4.3. France
- 7.4.4. Italy
- 7.4.5. Spain
- 7.4.6. Russia
- 7.4.7. Rest of Europe
8. Asia Pacific Durable Medical Equipment (DME) Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Equipment Type
- 8.2.1. Personal Mobility Devices
- 8.2.2. Medical Furniture
- 8.2.3. Bathroom Safety Devices
- 8.2.4. Monitoring & Therapeutic Devices
- 8.3. Market Analysis, Insights and Forecast – By End Users
- 8.3.1. Hospitals
- 8.3.2. Ambulatory Surgical Centers
- 8.3.3. Home Care Settings
- 8.3.4. Others
- 8.4. Market Analysis, Insights and Forecast – By Country
- 8.4.1. China
- 8.4.2. India
- 8.4.3. Japan
- 8.4.4. Australia
- 8.4.5. South East Asia
- 8.4.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Durable Medical Equipment (DME) Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Equipment Type
- 9.2.1. Personal Mobility Devices
- 9.2.2. Medical Furniture
- 9.2.3. Bathroom Safety Devices
- 9.2.4. Monitoring & Therapeutic Devices
- 9.3. Market Analysis, Insights and Forecast – By End Users
- 9.3.1. Hospitals
- 9.3.2. Ambulatory Surgical Centers
- 9.3.3. Home Care Settings
- 9.3.4. Others
- 9.4. Market Analysis, Insights and Forecast – By Country
- 9.4.1. Brazil
- 9.4.2. Saudi Arabia
- 9.4.3. UAE
- 9.4.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. Stryker Corporation
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. Medtronic plc.
- 10.6. Medline Industries, Inc.
- 10.7. BD
- 10.8. Hill-Rom Holdings, Inc.
- 10.9. Drive DeVilbiss Healthcare, Inc.
- 10.10. Invacare Corporation
- 10.11. Sunrise Medical (US) LLC,
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
