Durable Medical Equipment Market Research Report - Forecast till 2032

Durable Medical Equipment Market Research Report Information By Device Type (Personal Mobility Devices, Medical Furniture, Monitoring and Therapeutic Devices, And Bathroom Safety Devices), By End Users (Hospital/Clinic, Ambulatory Surgical Center, Research Centers, And Home Healthcare), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) – Market Forecast Till 2032

ID: MRFR/MED/1989-HCR | 55 Pages | Author: Rahul Gotadki | March 2024         

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Global Durable Medical Equipment Market Overview


Durable Medical Equipment Market Size was valued at USD 1.96.5 billion in 2022. The durable medical equipment industry is projected to grow from USD 209.076 Billion in 2023 to USD 304 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.7% during the forecast period (2023 - 2032). A growing global old population has led to an increase in elderly care facilities, and better coverage and reimbursement rules for durable medical equipment are the key market drivers enhancing the market growth.

Durable Medical Equipment Market
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review


Durable Medical Equipment Market Trends



  • Growing Number of Individuals with Disabilities to boost market growth


The growth in the number of individuals with disabilities can contribute to the growth of the durable medical equipment (DME) market in several ways. DME refers to a wide range of medical devices and equipment that are designed to aid individuals with disabilities or medical conditions in performing daily activities or receiving medical treatment.


One way in which the growth in the number of individuals with disabilities can help to drive the DME market is by increasing the demand for these types of products. As more people require DME to assist with their daily activities or medical needs, the market for these products will naturally expand to meet that demand.


Additionally, according to the Centers for Disease Control and Prevention (CDC) estimates that approximately 61 million adults in the United States, or about 26% of the population, have a disability. This number is expected to grow as the population ages and the prevalence of chronic diseases increases. Additionally, the National Institutes of Health (NIH) reports that the number of people with disabilities worldwide is increasing, particularly in low- and middle-income countries. Therefore, such disabilities condition has enhanced the durable medical equipment market CAGR across the globe in the recent years.


Overall, while growth in the number of individuals with disabilities is not a positive trend in and of itself, it highlights the importance of continued investment and innovation in the DME market to ensure that people with disabilities have access to the tools and equipment they need to live full and independent lives is another factor driving the growth of the durable medical equipment revenue.


Durable Medical Equipment Market Segment Insights


Durable Medical Equipment Device Type Insights


The global durable medical equipment segmentation, based on device type, includes personal mobility devices, medical furniture, monitoring and therapeutic devices, and bathroom safety devices. Due to the growing rise in chronic diseases among individuals throughout the world that require long-term treatments, the monitoring and therapeutic devices sector will dominate the durable medical equipment market with the biggest revenue share over the projected period. Additionally, it is predicted that the market for durable medical equipment would expand due to patients' preferences for receiving care at home. For Instance, In 2020, there were 727 million individuals worldwide who were 65 or older, according to the World Ageing Population study. By 2050, its population is anticipated to approach 1.5 billion. By 2050, there are projected to be 16.0% more senior persons in the world's population, up from 9.3% in 2020.


Due to the rising rates of obesity and bariatric operations throughout the world, the bathroom safety device and medical furnishings saw the greatest growth rate of 6.9% of global durable medical equipment revenue. The launch of highly portable, technologically sophisticated goods that provide the best patient comfort is anticipated to drive category expansion.


January 2021: Healthcare technology startup Mindray has expanded its VS Series product range to include the VS 9 and VS 8 vital signs monitors. The latest vital signs monitors, which are only accessible in a few places like Europe, Australia, and others, will improve the capabilities of spot-check patient monitoring.


August 2021: For clinical-grade spot-check measures of blood pressure and other vital signs in hospitals and clinics, the Huntleigh SC300 is the best, most inexpensive option. It has a 6" color-coded display and can last for up to 12 hours before needing to be recharged.


Durable Medical Equipment End User Insights


Based on End Users, the global durable medical equipment industry has been segmented into hospital/clinic, ambulatory surgical center, research centers, and home healthcare. The end use category is dominated by the durable medical equipment used in hospitals and other healthcare facilities. The necessity for durable medical equipment in the market is heightened by the accuracy and precision with which these devices track the patient's health. Additionally, the home healthcare is outfitted with durable medical equipment to monitor the patient's health and administer first care based on that status, home healthcare held the largest segment share in 2022. The most comprehensive care that can be delivered outside of a hospital environment is said to be found in nursing homes. Home healthcare not only provide basic care but also custodial care, which includes expert care like washing, dressing, and meal preparation. Due to the growing number of these businesses throughout the world, the market is predicted to grow at a profitable rate over the projected period.


The third fastest growing segment in the durable medical equipment industry is research centers. Research center play a role in the DME market, as manufacturers invest in innovation and new product development to improve the functionality, safety, and efficacy of their products. For instance, ongoing R&D in the DME industry has led to the creation of new and more advanced products, such as smart prosthetics, wearable medical devices, and remote patient monitoring systems.


Figure 1: GLOBAL DURABLE MEDICAL EQUIPMENT SHARE BY End-User 2022-2032 (USD Billion)
Durable Medical Equipment Market

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review


Durable Medical Equipment Regional Insights


By Region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. North America held the largest market share with 34.9%. The United States has quickly embraced new technology, which has increased its market share. The presence of top manufacturers and the rapid uptake of cutting-edge products are expected to accelerate the region's growth. To win a substantial market share, the area is constantly creating high-tech, low-cost medical gadgets for patients. In addition, the growth of the geriatric population and the expansion of hospitals are contributing factors to the expansion of the regional market.


Further, the major countries studied in the market report are: The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.


Figure 2: GLOBAL DURABLE MEDICAL EQUIPMENT SHARE BY REGION 2022 (%)
Durable Medical Equipment Market
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review


Asia Pacific durable medical equipment accounts for the second-largest market share due to the rise in the target population base with rising chronic illnesses, the demand for medical equipment by patients, and supporting government efforts, the Asia Pacific is anticipated to see the quickest growth throughout the projection period. Further, the China durable medical equipment held the largest market share, and the India durable medical equipment was the fastest growing market in the Asia Pacific region.


The Europe Durable Medical Equipment Market is expected to grow at the fastest CAGR from 2022 to 2030. This is due to DME market in Europe is expected to continue growing due to several factors, including the aging population, increasing prevalence of chronic diseases, and rising demand for home-based medical devices and equipment. Moreover, Germany durable medical equipment held the largest market share, and the France durable medical equipment was the fastest growing market in the Europe region


For instance, United States durable medical equipment Additionally, according to the Center for Disease Control and Prevention's (CDC) 2021 update, 4 in 10 individuals in the United States had two or more chronic illnesses in 2020, and 6 in 10 persons in the United States had at least one chronic disease. The expenditures of treating heart disease, cancer, chronic lung disease, stroke, Alzheimer's disease, diabetes, and chronic kidney disease would amount to almost USD 4.1 trillion in 2020, according to the same analysis. Players in the industry are also concentrating on the introduction of new goods.


Durable Medical Equipment Key Market Players & Competitive Insights


Major market players are spending a lot of money on R&D to increase their product lines, which will help the durable medical equipment grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, with key market developments such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the durable medical equipment industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.


One of the primary business strategies adopted by manufacturers in the global durable medical equipment industry to benefit clients and expand the market sector is to manufacture locally to reduce operating costs. In recent years, durable medical equipment industry has provided medicine with some of the most significant benefits. The durable medical equipment major player such as Compass Health Brand (US), Medtronic Inc. (Ireland), GF Health Products Inc. (US), and others are working to expand the market demand by investing in research and development activities.


Medtronic Inc. (Ireland) is a global healthcare solutions company committed to improving the lives of people through medical technologies, services, and solutions. With Covidien, the company has accelerated and advanced its ability to create meaningful innovations for hospitals, health systems, and healthcare providers to deliver the best care possible to patients and their families worldwide. In August 2021, The FDA has approved the EvolutTM FX TAVR system, the newest generation of self-expanding transcatheter aortic valve replacement (TAVR) technology from Medtronic plc (NYSE: MDT), the world leader in medical technology.


Also, ASPIRE is a non-profit organization based in the United States that is dedicated to supporting the development and success of early-stage life science companies. The organization provides a range of services, including mentorship, funding, networking opportunities, and educational programs, to help biotech and medtech startups grow and succeed. In January 2022, In Australia, ASPIRE introduced the ASPIRE SOCIALITE WHEELCHAIR. A wide spectrum of users can utilize the Aspire Socialite, an ultra-lightweight transport chair with a safe operating load capability of 115kg.


Key Companies in the durable medical equipment includes



  • 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), among others


Durable Medical Equipment Industry Developments


January 2022: The Dexcom G7 Continuous Glucose Monitoring (CGM) System for persons with diabetes in Europe, aged two and older, including pregnant women, has been given the CE Mark (Conformité Européenne) by DexCom Inc.


August 2021: Siemens Healthineers has announced the local production of molecular testing kits, including COVID-19 testing (IMDX SARS-CoV2 Multiplex RTPCR), at its cutting-edge facility in Vadodara, Gujarat.


Durable Medical Equipment Market Segmentation


Durable Medical Equipment Device Type Outlook



  • Personal Mobility Devices

  • Medical Furniture

  • Monitoring and Therapeutic Devices

  • Bathroom Safety Devices


Durable Medical Equipment End User Outlook



  • Hospital/Clinic

  • Ambulatory Surgical Center

  • Research Centers

  • Home Healthcare


Durable Medical Equipment Regional Outlook




  • North America



    • US

    • Canada




  • Europe



    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe




  • Asia-Pacific



    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Australia

    • Rest of Asia-Pacific




  • Rest of the World




    • Middle East




    • Africa




    • Latin America





Report Scope:

Report Attribute/Metric Details
Market Size 2022 USD 196.5 billion
Market Size 2023 USD 209.076 billion
Market Size 2032 USD 304 billion
Compound Annual Growth Rate (CAGR) 4.7% (2023-2032)
Base Year 2022
Market Forecast Period 2023-2032
Historical Data 2018 - 2021
Market Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered Device Type, End Users, and Region
Geographies Covered North America, Europe, Asia Pacific, and Rest of the World
Countries Covered The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
Key Companies Profiled 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).
Key Market Opportunities Growing technological innovation in the medical devices industry
Key Market Dynamics Rising growing geriatric patient population Rising demand for medical equipment




Frequently Asked Questions (FAQ) :

The global durable medical equipment size was valued at USD 196.5 Billion in 2022.

The global market is projected to grow at a CAGR of 4.7% during the forecast period, 2023-2032.

North America had the largest share in the global market

The key players in the market are Compass Health Brand (US), Getinge AB (US), GF Health Products Inc. (US), Invacare Corporation (US), Medtronic Inc. (Ireland).

The Monitoring and Therapeutic Devices durable medical equipment category dominated the market in 2022.

The Hospital/Clinic had the largest share in the global market.

Key Questions Answered

  • Global Market Outlook
  • In-depth analysis of global and regional trends
  • Analyze and identify the major players in the market, their market share, key developments, etc.
  • To understand the capability of the major players based on products offered, financials, and strategies.
  • Identify disrupting products, companies, and trends.
  • To identify opportunities in the market.
  • Analyze the key challenges in the market.
  • Analyze the regional penetration of players, products, and services in the market.
  • Comparison of major players’ financial performance.
  • Evaluate strategies adopted by major players.
  • Recommendations
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