Durable Medical Equipment Market Research Report - Global Forecast till 2027

Global Durable Medical Equipment Market Research Report: Information by Device Type (Personal Mobility Devices, Medical Furniture, Monitoring and Therapeutic Devices, and Bathroom Safety Devices), End User (Hospital/Clinic, Ambulatory Surgical Center, Research Centers, Home Healthcare, and Others), and Region (the Americas, Europe, Asia-Pacific, and the Middle East & Africa)—Forecast till 2027

ID: MRFR/MED/1989-HCR | February 2021 | Region: Global | 55 pages

Market Scenario


The global durable medical equipment market is expected to grow significantly over the forecast period. It is anticipated that the market held a market value of USD 1,08,553.8 million in 2018 and is projected to grow at 6% CAGR over the forecast period.


Medical equipment can be classified into two types disposable medical equipment and durable medical equipment. Durable medical equipment is reusable and can be used for the long run. The medical devices such as insulin pump, ostomy bags, and hospital furniture are considered under durable medical equipment and are used for years.


The growing geriatric patient population, rising demand for medical equipment, and growing technological innovation in the medical devices industry are boosting the market growth. Additionally, the medical coverage provided for medical equipment drives market growth. The different private insurance companies provide insurance coverage for medical equipment drives market growth.


However, the high maintenance and equipment cost, stringent government regulation, and lack of skilled professionals to handle this equipment can hamper the market growth over the forecast period. 


Segmentation


The global durable medical equipment market has been segmented into device type and end user.


The global market, based on device type, has been segmented into personal mobility devices, medical furniture, monitoring and therapeutic devices, and bathroom safety devices. The personal mobility devices segment has been sub-segmented into wheelchair, crutch and cane, walker and rollators, and other personal mobility devices. The medical furniture segment is sub-segmented into medical bed and mattress, lift chairs, stretchers, and others. The monitoring and therapeutic devices segment is sub-segmented into blood glucose monitor, oxygen equipment, vital sign monitor, continuous passive motion (CPM), infusion pump, traction equipment, ostomy bags and accessories, cardiology devices, orthopedic braces and support, diabetic supplies, and others. The bathroom safety devices segment has been sub-segmented into commode, toilet, and others.


The global market, by end user, has been segmented into hospital/clinic, ambulatory surgical center, research centers, home healthcare, and others.


The durable medical equipment market has been segmented, by region, into the Americas, Europe, Asia-Pacific, and the Middle East & Africa.


The durable medical equipment market in the Americas has further been segmented into North America and Latin America, with the North American market divided into the US and Canada. The increasing patient population, presence of a large number of medical device companies, and rising demand for innovative medical equipment drive the market growth in this region.


The European durable medical equipment market has been segmented into Western Europe and Eastern Europe. Western Europe has further been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe. 


The Asia-Pacific durable medical equipment market has been segmented into Japan, China, India, Latin Korea, Australia, and the rest of Asia-Pacific.


The durable medical equipment market in the Middle East & Africa has been segmented into the Middle East and Africa. There is an increase in the market growth in this region due to the increasing development in healthcare infrastructure and growing economy in countries such as Kuwait, Iran, Israel, and Iraq.  


Key Players


Compass Health Brand (US), GE Healthcare (US), Getinge AB (US), GF Health Products Inc. (US), Invacare Corporation (US), Medtronic Inc. (Ireland), Sunrise Medical (UK), Koninklijke Philips NV (UK), Medline Industries Inc. (US), Masimo (US), ArjoHuntleigh (UK), Hill-Rom (US), Stryker (US) and Medical Device Depot, Inc. (US) are some of the key players in the global durable medical equipment market. 


Regional Market Summary


Geographically, the market has been segmented, into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The Americas is anticipated to dominate the global durable medical equipment market owing to a well-developed healthcare sector, the presence of a large number of medical device companies in this region boosts the market growth. Additionally, the presence of a large number of patient population suffering from chronic disorders and the rising demand for technologically advanced products is the key factor attributing to the growth of this region.  


Europe is expected to hold the second-largest position in the global durable medical equipment market. The increasing technological advancement in the healthcare industry, growing mergers & acquisition, and presence of a large number of healthcare organizations drives the market growth in this region. For instance, Alabama Durable Medical Equipment Association (ADMEA) is a Europe-based non-profit organization involved in providing home medical equipment in the region. Thus, such organizations drive market growth during the forecasted period.


Asia-Pacific is expected to be fastest-growing region owing to the huge patient pool suffering from chronic diseases such as diabetes, cancer, arthritis, asthma, and many more diseases. Additionally, the increasing geriatric population drives the growth of this market. According to a fact sheet published by the World Health Organization in February 2018, it was reported that in 2015, 12% of the world's population was over 60 years and estimated that it will increase to 22% by 2050. The growing geriatric population across the world is expected to increase the burden of the patient population and ultimately drives the demand for medical equipment.


The Middle East & Africa holds the least share of the market. Majority of the market of this region is expected to be held by the Middle East region due to its well-developed healthcare sector and growing government initiatives for the development of the healthcare sector.


Global Durable Medical Equipment Market, by Device Type


Personal Mobility Devices


  • Wheelchair

  • Crutch and Cane

  • Walker and Rollators

  • Other Personal Mobility Devices


Medical Furniture


  • Medical Bed and Mattress

  • Lift Chairs

  • Stretchers

  • Others


Monitoring and Therapeutic Devices


  • Blood Glucose Monitor

  • Oxygen Equipment

  • Vital Sign Monitor

  • Continuous Passive Motion (CPM)

  • Infusion Pump

  • Traction Equipment

  • Ostomy bags and accessories

  • Cardiology Devices

  • Orthopedic braces and support

  • Diabetic supplies

  • Other Monitoring and Therapeutic Devices

  • Bathroom Safety Devices

  • Commode and Toilet

  • Toilet Rails/Frames


Global Durable Medical Equipment Market, by End User



  • Hospital/Clinic

  • Ambulatory Surgical Center

  • Research Centers

  • Home Healthcare

  • Others


Global Durable Medical Equipment Market, by Region




  • Americas



    • North America

      • US

      • Canada



    • Latin America






  • Europe



    • Western Europe

      • Germany

      • France

      • Italy

      • Spain

      • UK

      • Rest of Western Europe



    • Eastern Europe






  • Asia-Pacific



    • Japan

    • China

    • India

    • Australia

    • Latin Korea

    • Rest of Asia-Pacific






  • Middle East & Africa



    • Middle East

    • Africa




Intended Audience



  • Medical device manufacturing companies

  • Suppliers and distributors of medical devices

  • Hospitals and diagnostic centers

  • Ambulatory surgery centers

  • Academic centers

  • Venture capitalists



Report Scope:
Report Attribute/Metric Details
  Market Size   2027: Significant Value
  CAGR   6% (2020-2027)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   device type and end user
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Compass Health Brand (US), GE Healthcare (US), Getinge AB (US), GF Health Products Inc. (US), Invacare Corporation (US), Medtronic Inc. (Ireland), Sunrise Medical (UK), Koninklijke Philips NV (UK), Medline Industries Inc. (US), Masimo (US), ArjoHuntleigh (UK), Hill-Rom (US), Stryker (US) and Medical Device Depot, Inc. (US)
  Key Market Opportunities

  • high maintenance and equipment cost
  • stringent government regulation
  • lack of skilled professionals
  •   Key Market Drivers

  • growing geriatric patient population
  • rising demand for medical equipment
  • growing technological innovation in the medical devices industry


  • Frequently Asked Questions (FAQ) :


    Durable Medical Equipment Market is projected to grow at approximately 6% CAGR during the assessment period (2019-2025).

    Durable Medical Equipment Market had valued at around USD 1,08,553.8 MN in 2018.

    Rising demand for medical equipment and growing technological innovation in the medical devices, are major tailwinds pushing the growth of the Global Durable Medical Equipment Market.

    North America holds the largest share in the Global Durable Medical Equipment Market, followed by Europe and the Asia Pacific, respectively.

    Compass Health Brand (US), Medical Device Depot, Inc. (US), GE Healthcare (US), Getinge AB (US), Stryker (US), GF Health Products Inc. (US), Hill-Rom (US), Invacare Corporation (US), ArjoHuntleigh (UK), Medtronic Inc. (Ireland), Masimo (US), Sunrise Medical (UK), Medline Industries Inc. (US), and Koninklijke Philips NV (UK), are some of the top players operating in the Global Durable Medical Equipment Market.