Durable Medical Equipment Market Research Report - Forecast till 2027

Durable Medical Equipment Market Share, Trends and Size Analysis 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 | August 2022 | Region: Global | 55 Pages         


TABLE OF CONTENT


Chapter 1. Report Prologue

Chapter 2. Market Introduction

2.1 Definition

2.2 Scope of the Study

2.2.1 Research Objective

2.2.2 Assumptions

2.2.3 Limitations

Chapter 3. Research Methodology

3.1 Overview

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

Chapter 4. Market Dynamics

4.1 Drivers

4.2 Restraints

4.3 Opportunities

Chapter 5. Market Factor Analysis

5.1 Porter’s Five Forces Analysis

5.1.1 Bargaining Power of Suppliers

5.1.2 Bargaining Power of Buyers

5.1.3 Threat of New Entrants

5.1.4 Threat of Substitutes

5.1.5 Intensity of Rivalry

5.2 Value Chain Analysis

Chapter 6. Global Durable Medical Equipment Market, by Device Type

6.1 Overview

6.2 Personal Mobility Devices

6.2.1 Wheelchair

6.2.2 Crutch and Cane

6.2.3 Walker and Rollators

6.2.4 Other Personal Mobility Devices

6.3 Medical Furniture

6.3.1 Medical Bed and Mattress

6.3.2 Commode and Toilet

6.3.3 Other Medical Furniture

6.4 Monitoring and Therapeutic Devices

6.4.1 Blood Glucose Monitor

6.4.2 Oxygen Equipment

6.4.3 Vital Sign Monitor

6.4.4 Continuous Passive Motion (CPM)

6.4.5 Infusion Pump

6.4.6 Traction Equipment

6.4.7 Ostomy Bags and Accessories

6.4.8 Cardiology Devices

6.4.9 Orthopedic Braces and Support

6.4.10 Diabetic Supplies

6.4.11 Other Monitoring and Therapeutic Devices

6.5 Bathroom Safety Devices

6.5.1 Commode and Toilet

6.5.2 Toilet Rails/Frames

6.5.3 Others

Chapter 7. Global Durable Medical Equipment Market, by End Users

7.1 Overview

7.2 Hospital/Clinic

7.3 Ambulatory Surgical Center

7.4 Research Centers

7.5 Home Healthcare

7.6 Others

Chapter 8. Global Durable Medical Equipment Market, by Region

8.1 Overview

8.2 America

8.2.1 North America

8.2.1.1 US

8.2.1.2 Canada

8.2.2 Latin America

8.3 Europe

8.3.1 Western Europe

8.3.1.1 Germany

8.3.1.2 France

8.3.1.3 Italy

8.3.1.4 Spain

8.3.1.5 UK

8.3.1.6 Rest of Western Europe

8.3.2 Eastern Europe

8.4 Asia-Pacific

8.4.1 Japan

8.4.2 China

8.4.3 India

8.4.4 Australia

8.4.5 Republic of Korea

8.4.6 Rest of Asia-Pacific

8.5 Middle East & Africa

8.5.1 Middle East

8.5.2 Africa

Chapter 9. Company Landscape

9.1 Overview

9.2 Market Share Analysis

9.3 Key Development & Strategies

9.3.1 Key Developments

Chapter 10 Company Profiles

10.1 Compass Health Brand

10.1.1 Company Overview

10.1.2 Type Overview

10.1.3 Financials

10.2.4 Key Developments

10.1.5 SWOT Analysis

10.2 GE Healthcare

10.2.1 Company Overview

10.2.2 Type Overview

10.2.3 Financial Overview

10.2.4 Key Developments

10.2.5 SWOT Analysis

10.3 Getinge AB

10.3.1 Company Overview

10.3.2 Type Overview

10.3.3 Financial Overview

10.3.4 Key Development

10.3.5 SWOT Analysis

10.4 GF Health Products Inc.

10.4.1 Company Overview

10.4.2 Type/Business Segment Overview

10.4.3 Financial Overview

10.4.4 Key Development

10.4.5 SWOT Analysis

10.5 Invacare Corporation

10.5.1 Company Overview

10.5.2 Type Overview

10.5.3 Financial overview

10.5.4 Key Developments

10.5.5 SWOT Analysis

10.6 Medtronic Inc.

10.6.1 Company Overview

10.6.2 Type Overview

10.6.3 Financial Overview

10.6.4 Key Developments

10.6.5 SWOT Analysis

10.7 Sunrise Medical

10.7.1 Overview

10.7.2 Type Overview

10.7.3 Financials

10.7.4 Key Developments

10.7.5 SWOT Analysis

10.8 Koninklijke Philips NV

10.8.1 Overview

10.8.2 Type Overview

10.8.3 Financials

10.8.4 Key Developments

10.8.5 SWOT Analysis

10.9 Medline Industries Inc.

10.9.1 Overview

10.9.2 Type Overview

10.9.3 Financials

10.9.4 Key Developments

10.9.5 SWOT Analysis

10.10 Masimo

10.10.1 Overview

10.10.2 Type Overview

10.10.3 Financials

10.10.4 Key Developments

10.10.5 SWOT Analysis

10.11 ArjoHuntleigh

10.11.1 Overview

10.11.2 Type Overview

10.11.3 Financials

10.11.4 Key Developments

10.11.5 SWOT Analysis

10.12 Others

Chapter 11 Appendix

LIST OF TABLES

Table 1 Global Durable Medical Equipment Market Industry Synopsis, 2020-2027

Table 2 Global Durable Medical Equipment Market Estimates & Forecast, 2020-2027, (USD Million)

Table 3 Global Durable Medical Equipment Market, by Region, 2020-2027, (USD Million)

Table 4 Global Durable Medical Equipment Market, by Device Type, 2020-2027, (USD Million)

Table 5 Global Durable Medical Equipment Market, by End Users, 2020-2027, (USD Million)

Table 6 North America: Durable Medical Equipment Market, by Device Type, 2020-2027, (USD Million)

Table 7 North America: Durable Medical Equipment Market, by End Users, 2020-2027, (USD Million)

Table 8 US: Durable Medical Equipment Market, by Device Type, 2020-2027, (USD Million)

Table 9 US: Durable Medical Equipment Market, by End Users, 2020-2027, (USD Million)

Table 10 Canada: Durable Medical Equipment Market, by Device Type, 2020-2027, (USD Million)

Table 11 Canada: Durable Medical Equipment Market, by End Users, 2020-2027, (USD Million)

Table 12 Latin America: Durable Medical Equipment Market, by Device Type, 2020-2027, (USD Million)

Table 13 Latin America: Durable Medical Equipment Market, by End Users, 2020-2027, (USD Million)

Table 14 Europe: Durable Medical Equipment Market, Device Type, 2020-2027, (USD Million)

Table 15 Europe: Durable Medical Equipment Market, by End Users, 2020-2027, (USD Million)

Table 16 Western Europe: Durable Medical Equipment Market, by Device Type, 2020-2027, (USD Million)

Table 17 Western Europe: Durable Medical Equipment Market, by End Users, 2020-2027, (USD Million)

Table 18 Eastern Europe: Durable Medical Equipment Market, by Device Type, 2020-2027, (USD Million)

Table 19 Eastern Europe: Durable Medical Equipment Market, by Patent Type, 2020-2027, (USD Million)

Table 20 Eastern Europe: Durable Medical Equipment Market, by End Users, 2020-2027, (USD Million)

Table 21 Asia-Pacific: Durable Medical Equipment Market, by Device Type, 2020-2027, (USD Million)

Table 22 Asia-Pacific: Durable Medical Equipment Market, by End Users, 2020-2027, (USD Million)

Table 23 Middle East & Africa: Durable Medical Equipment Market, by Device Type, 2020-2027, (USD Million)

Table 24 Middle East & Africa: Durable Medical Equipment Market, by End Users, 2020-2027, (USD Million)


LIST OF FIGURES

Figure 1 Research Application

Figure 2 Market Structure of the Global Durable Medical Equipment Market

Figure 3 Market Dynamics of the Global Durable Medical Equipment Market

Figure 4 Global Durable Medical Equipment Market Share, by Device Type 2020

Figure 5 Global Durable Medical Equipment Market Share, by End Users, 2020

Figure 6 Global Durable Medical Equipment Market Share, by Region, 2020

Figure 7 North America Durable Medical Equipment Market Share, by Country, 2020

Figure 8 Europe Prescribed Health Apps Share, by Country, 2020

Figure 9 Asia-Pacific Durable Medical Equipment Market Share, by Country, 2020

Figure 10 Middle East & Africa Durable Medical Equipment Market Share, by Country, 2020

Figure 11 Global Durable Medical Equipment Market: Company Share Analysis, 2020 (%)

Figure 12 Compass Health Brand: Key Financials

Figure 13 Compass Health Brand: Segmental Revenue

Figure 14 Compass Health Brand: Geographic Revenue

Figure 15 GE Healthcare: Key Financials

Figure 16 GE Healthcare: Segmental Revenue

Figure 17 GE Healthcare: Geographic Revenue

Figure 18 Getinge AB: Key Financials

Figure 19 Getinge AB: Segmental Revenue

Figure 20 Getinge AB: Geographic Revenue

Figure 21 GF Health Products Inc.: Key Financials

Figure 22 GF Health Products Inc.: Segmental Revenue

Figure 23 GF Health Products Inc.: Geographic Revenue

Figure 24 Invacare Corporation: Key Financials

Figure 25 Invacare Corporation: Segmental Revenue

Figure 26 Invacare Corporation: Geographic Revenue

Figure 27 Medtronic Inc.: Key Financials

Figure 28 Medtronic Inc.: Segmental Revenue

Figure 29 Medtronic Inc.: Geographic Revenue

Figure 30 Sunrise Medical: Key Financials

Figure 31 Sunrise Medical: Segmental Revenue

Figure 32 Sunrise Medical: Geographic Revenue

Figure 33 Koninklijke Philips NV: Key Financials

Figure 34 Koninklijke Philips NV: Segmental Revenue

Figure 35 Koninklijke Philips NV Geographic Revenue

Figure 36 Medline Industries Inc.: Key Financials

Figure 37 Medline Industries Inc.: Segmental Revenue

Figure 38 Medline Industries Inc.: Geographic Revenue

Figure 39 Masimo: Key Financials

Figure 40 Masimo: Segmental Revenue

Figure 41 Masimo: Geographic Revenue

Figure 42 ArjoHuntleigh: Key Financials

Figure 43 ArjoHuntleigh: Segmental Revenue

Figure 44 ArjoHuntleigh: Geographic Revenue

Durable Medical Equipment Market

Durable Medical Equipment Market is expected to reach USD 300.56 Billion at CAGR of 6.4% during the 2022 - 2030

Segmentation

By Device Type Personal Mobility Devices Medical Furniture Monitoring And Therapeutic Devices Bathroom Safety Devices
By End Users Hospital/Clinic Ambulatory Surgical Center Research Centers Home Healthcare

Key Players

  • Compass Health Brand (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)

Drivers

  • growing geriatric patient population
  • rising demand for medical equipment
  • growing technological innovation in the medical devices industry
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Durable Medical Equipment Market Overview


Generally, medical equipment is classified into two major types as disposable medical equipment and durable medical equipment. Among the two, durable medical equipment is highly demandable equipment for its reusability and long-lasting. The medical devices under durable medical equipment are ostomy bags, insulin pumps, and hospital furniture which can run for long years.


In 2018, the durable medical equipment market size is valued at USD 1,08,553.8 million and is predicted to grow at a 6% CAGR during the forecast period. The medical devices and solutions under durable medical equipment help the patients to complete their daily activities efficiently. As prescribed by the medical practitioner, the benefits under DME are available. Most of the durable medical devices are covered under several healthcare insurances. The equipment under the coverage is oxygen equipment, power scooters, hospital beds, wheelchairs, and walkers. Apart from this, it covers medical devices such as crutches, blood testing stripes, replacement masks, catheters, diaper suppliers, nutritional formulas, etc. It is expected to witness significant growth of the durable medical equipment market in the forthcoming years.


COVID-19 Analysis:


The COVID-19 pandemic has disrupted various industries worldwide. The durable medical equipment market is one among them. Due to the lack of medical equipment like respiratory support, CPAPs, and other durable equipment, the DME suppliers are facing a lot of challenges in serving the patients in the requirement of respiratory support. Owing to the government-regulated lockdowns, interruptions in the supply chain, significant delays, and order cancellations in receiving the equipment and supplies which results in loss of public health and economic emergencies related to COVID-19. 


Due to these factors of the lagging process in every step, the manufacturers and distributors decided to levied surcharges and increased their costs. The pandemic situation lags the production supply for nearly two months and also the prices are increased and hence these factors make certain companies lose their goodwill. From this current DME shortage, payers and providers need to work together to ensure patients with much-needed home medical equipment. Most of the high-risk patients are complicated with a lack of chronic respiratory, cardiometabolic and other conditions. 


Market Dynamics:


Drivers:


The major driver of the durable medical equipment market is the growing geriatric population leads to various chronic diseases like cancer, diabetes, cardiovascular diseases, neurological disorders, and mobility disorders. Rising the prevalence of neurological diseases like Alzheimer’s, Parkinson’s, and Epilepsy are also expected to fuel the growth of the market. An increase in the elderly population all over the world propels the industry’s growth as the elderly population is more prone to falls and injury compared to other ages groups. 


The rising demand for medical equipment and rise in the technological innovations in the medical devices industry. The medical coverage provided for the equipment drives the market growth. The insurance coverage for the medical equipment by different private insurance companies also increases the demand for durable medical equipment market analysis. Moreover, increase in patient preference for home-based care.


Restraint:


The high equipment cost, high maintenance, stringent government regulations, and lack of skilled professionals to handle the medical equipment are the major restraints of the durable medical equipment market.


Opportunities:


Usage of monitoring and therapeutic devices among the elderly population in the health industry will manage patient health effectively which favors the industry demand. These devices are further divided into vital sign monitors, infusion pumps, CPAP devices, blood glucose analyzers, and nebulizers. These devices can monitor cancer, diabetes, hyperglycemia.


Challenges:


Garnering government support in the form of subsidized research and development, tax and financial support, expediting approvals, and offering tax reimbursements, product quality & high recall rates, higher cost of new product designing and developments are the major challenges of the durable medical equipment market.


Study Objectives -



  • To provide detailed information about the durable medical equipment market structure along with various forecast segments and sub-segments for the next 10 years.

  • To provide the factors that are affecting the growth of the durable medical equipment market value.

  • To analyze the durable medical equipment based on porter’s five force analysis, factors-price analysis, supply chain analysis, etc.

  • To provide history and forecast revenue segments and sub-segments of the durable medical equipment market revenue for the four main geographies and their countries.

  • To provide the country-level analysis of the current durable medical equipment market size and future prospective.

  • To provide country-level analysis of the durable medical equipment services market growth by region, form, and application.

  • To provide a strategic profile of the key players in the market, analyze their core competencies, and draw a global durable medical equipment industry market growth landscape.

  • To track and analyze new product developments, strategic alliances, and global durable medical equipment market research.


Segment Overview:


The durable medical equipment market research has been segmented based on device type, end-user, and regions.


Based on Device Type


Based on the device type, the durable medical equipment market is segmented into personal mobility devices, medical furniture, monitoring, therapeutic devices, and bathroom safety devices. Out of these segments, personal mobility devices emerge the largest market share for the launch of advanced technological products with more comfort and portability.


Based on End-user


The durable medical equipment market based on the end-user is segmented into hospitals/clinics, ambulatory surgical centers, research centers, home healthcare, and others. Among them, hospitals/clinics are anticipated to the fastest-growing segment which offers custodial care such as skilled care like bathing and dressing.


Based on Region


Regionally, the durable medical equipment market is classified into America, Europe, Asia-Pacific, and the Middle East & Africa. Europe leads the largest market share in 2018 and witnesses a steady growth further for the presence of major companies in the region. 


Regional Analysis -


Region-wise, the durable medical equipment market is segmented into America, Europe, Asia-Pacific, and the Middle East & Africa. Out of these regions, Europe leads the largest market share in 2018 and it is predicted to witness steady growth in the forthcoming years for the presence of major companies in the region. 


Asia-Pacific is expected to register the highest CAGR due to the presence of a large target population base and improving healthcare facilities during the period 2019 to 2026. America is expected to the fastest-growing segment due to the increase in patient population, presence of more medical device companies, increasing the demand for innovative medical equipment during the assessment period.


Competitive Landscape


The prominent key players in the durable medical equipment market trends are the following:



  • Compass Health Brand (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)

  • Medical Device Depot, Inc. (US)


Recent Developments



  • In July 2020, Invacare partnered with an international leader in power-assist solutions Alber and launches SMOOV one in the U.S. it is an advanced technology and power-assist solution which is very helpful for the users of wheelchairs.

  • In April 2020, Baxter introduced the USFDA Emergency Use Authorization for Oxiris Blood Purification Filter for COVID-19 Treatment.

  • In April 2020 in Arizona, the US, SanTan Brewing started producing 400 gallons of medical-grade hand sanitizer for distributing to the first responders and healthcare professionals.

  • In March 2019, BiKube introduced a new product, a life-changing mobility aid that brings independence and freedom at home. It is specially designed to fill the gap between the cane and the walker that allows hands-free movement for the patients at home.


Report Overview:


This global durable medical equipment research includes the Market Overview, COVID-19 analysis, Market Dynamics, Study Objectives, Segment Overview, Regional Analysis, Competitive Landscape, Recent developments, Segmentation Table, and FAQs. The market dynamics include the durable medical equipment market drivers, restraints, challenges, and opportunities. The durable medical equipment market forecast segments are device type, end-user, and regions.


Segmentation Table


The durable medical equipment market outlook is segmented into device type, end-user, and regions.


By Device Type


Personal mobility devices, medical furniture, monitoring, therapeutic devices, and bathroom safety devices.


By End-user


Hospitals/clinics, ambulatory surgical centers, research centers, home healthcare, and others.


By Region


Asia-Pacific, Europe, America, and the Middle East & Africa are the main geographies included in this market.



Report Scope:
Report Attribute/Metric Details
  Market Size   2027: Significant Value
  CAGR   6% (2019-2025)
  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


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    Frequently Asked Questions (FAQ) :

    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

    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.

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