Durable Medical Equipment Market Research Report - Global Forecast till 2025

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 2025

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

  • Others


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



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.


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, 2019–2025

Table 2 Global Durable Medical Equipment Market Estimates & Forecast, 2019–2025, (USD Million)

Table 3 Global Durable Medical Equipment Market, by Region, 2019–2025, (USD Million)

Table 4 Global Durable Medical Equipment Market, by Device Type, 2019–2025, (USD Million)

Table 5 Global Durable Medical Equipment Market, by End Users, 2019–2025, (USD Million)

Table 6 North America: Durable Medical Equipment Market, by Device Type, 2019–2025, (USD Million)

Table 7 North America: Durable Medical Equipment Market, by End Users, 2019–2025, (USD Million)

Table 8 US: Durable Medical Equipment Market, by Device Type, 2019–2025, (USD Million)

Table 9 US: Durable Medical Equipment Market, by End Users, 2019–2025, (USD Million)

Table 10 Canada: Durable Medical Equipment Market, by Device Type, 2019–2025, (USD Million)

Table 11 Canada: Durable Medical Equipment Market, by End Users, 2019–2025, (USD Million)

Table 12 Latin America: Durable Medical Equipment Market, by Device Type, 2019–2025, (USD Million)

Table 13 Latin America: Durable Medical Equipment Market, by End Users, 2019–2025, (USD Million)

Table 14 Europe: Durable Medical Equipment Market, Device Type, 2019–2025, (USD Million)

Table 15 Europe: Durable Medical Equipment Market, by End Users, 2019–2025, (USD Million)

Table 16 Western Europe: Durable Medical Equipment Market, by Device Type, 2019–2025, (USD Million)

Table 17 Western Europe: Durable Medical Equipment Market, by End Users, 2019–2025, (USD Million)

Table 18 Eastern Europe: Durable Medical Equipment Market, by Device Type, 2019–2025, (USD Million)

Table 19 Eastern Europe: Durable Medical Equipment Market, by Patent Type, 2019–2025, (USD Million)

Table 20 Eastern Europe: Durable Medical Equipment Market, by End Users, 2019–2025, (USD Million)

Table 21 Asia-Pacific: Durable Medical Equipment Market, by Device Type, 2019–2025, (USD Million)

Table 22 Asia-Pacific: Durable Medical Equipment Market, by End Users, 2019–2025, (USD Million)

Table 23 Middle East & Africa: Durable Medical Equipment Market, by Device Type, 2019–2025, (USD Million)

Table 24 Middle East & Africa: Durable Medical Equipment Market, by End Users, 2019–2025, (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 2018

Figure 5 Global Durable Medical Equipment Market Share, by End Users, 2018

Figure 6 Global Durable Medical Equipment Market Share, by Region, 2018

Figure 7 North America Durable Medical Equipment Market Share, by Country, 2018

Figure 8 Europe Prescribed Health Apps Share, by Country, 2018

Figure 9 Asia-Pacific Durable Medical Equipment Market Share, by Country, 2018

Figure 10 Middle East & Africa Durable Medical Equipment Market Share, by Country, 2018

Figure 11 Global Durable Medical Equipment Market: Company Share Analysis, 2018 (%)

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