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Global Durable Medical Equipment Market Size, Trends, Growth, Report, Forecast: By Product: Personal Mobility Devices, Bathroom Safety Devices and Medical Furniture, Monitoring and Therapeutic Devices; By End User: Hospitals, Nursing Homes, Home Healthcare, Other End User; Regional Analysis; Supplier Landscape; 2024-2032
Global Durable Medical Equipment Market Outlook
The global durable medical equipment market value in 2023 was USD 215.22 billion driven by the rising demand for home healthcare services across the globe. The market size is anticipated to grow at a CAGR of 6.29% during the forecast period of 2024-2032 to achieve a value of USD 372.66 billion by 2032.
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Growing Demand for Personal Mobility Devices to Bolster the Growth of the Durable Medical Equipment Industry
Based on product, there has been a rise in demand for personal mobility devices, and the segment is anticipated to witness a considerable growth in the forecast period. The growth can be attributed to the increased demand for walkers, cranes, and crutches among the geriatric population across the world. The older people develop mobility limitations due to weaker bones and decreased appetite. Therefore, personal mobility devices enhance their quality of life and help them accomplish the day-to-day tasks with ease. This is aiding the growth of the segment.
North America Accounts for a Significant Share in the Market
The increasing prevalence of chronic diseases in the region, such as cancer, diabetes, and cardiovascular and neurological disorders, among others, has been driving the market growth. Over the forecast period, the increasing demand for durable medical equipment in the United States and Canada owing to the rising geriatric population is likely to aid the market significantly. The market is expected to be further aided by the rising healthcare expenditure to bolster the quality of living in the region.
Durable Medical Equipment: Market Segmentation
Durable medical equipments are medical devices that are designed to last for more than one use and are generally intended to last for months or even years. Durable medical equipments such as crutches and oxygen tanks can be used for long term and are known to be life saviour for the geriatric population.
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On the basis of product, the market is divided into:
- Personal Mobility Devices
- Bathroom Safety Devices and Medical Furniture
- Monitoring and Therapeutic Devices
The significant end uses of the product are:
- Hospitals
- Nursing Homes
- Home Healthcare
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Growing Demand for the Product in Hospitals and Home Healthcare to Boost the Growth of the Durable Medical Equipment Industry
The global durable medical equipment industry is driven by the growing utilisation of various types of products in the home healthcare and hospitals sector. The demand for durable medical equipment in the home healthcare sector is quite significant, which can be attributed to the fact that these equipments help physically disabled person or a person with weak bones, thus, helping them accomplish the day-to-day tasks. The growing end use of the product in hospitals can be attributed to the rising number of accidents being reported in both private and government hospitals. The market, in the forecast period, is anticipated to be aided by the rising demand for monitoring and therapeutic devices, especially after the outbreak of the COVID-19 pandemic.
Key Industry Players in the Global Durable Medical Equipment Market
The report gives a detailed analysis of the following key players in the global durable medical equipment market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Invacare Corporation
- Sunrise Medical
- ArjoHuntleigh
- Hill-ROM
- Stryker Corporation
- Medline industries INC.
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2023 |
| Historical Period | 2017-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product |
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| Breakup by End User |
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| Breakup by Region |
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| Market Dynamics |
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| Supplier Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
1.1 Objectives of the Study
1.2 Key Assumptions
1.3 Report Coverage – Key Segmentation and Scope
1.4 Research Methodology
2 Executive Summary
3 Global Durable Medical Equipment Market Overview
3.1 Global Durable Medical Equipment Market Historical Value (2017-2023)
3.2 Global Durable Medical Equipment Market Forecast Value (2024-2032)
4 Global Durable Medical Equipment Market Landscape
4.1 Global Durable Medical Equipment Developers Landscape
4.1.1 Analysis by Year of Establishment
4.1.2 Analysis by Company Size
4.1.3 Analysis by Region
4.2 Global Durable Medical Equipment Product Landscape
4.2.1 Analysis by Product Type
4.2.2 Analysis by End User
4.2.3 Analysis by Region
5 Global Durable Medical Equipment Market Dynamics
5.1 Market Drivers and Constraints
5.2 SWOT Analysis
5.3 Porter’s Five Forces Model
5.4 Key Demand Indicators
5.5 Key Price Indicators
5.6 Industry Events, Initiatives, and Trends
5.7 Value Chain Analysis
6 Global Durable Medical Equipment Market Segmentation
6.1 Global Durable Medical Equipment Market by Product
6.1.1 Market Overview
6.1.2 Personal Mobility Devices
6.1.2.1 Wheelchairs
6.1.2.2 Scooters
6.1.2.3 Walker and Rollators
6.1.2.4 Cranes and Crutches
6.1.2.5 Door Openers
6.1.2.6 Other Devices
6.1.3 Bathroom Safety Devices and Medical Furniture
6.1.3.1 Commodes and Toilets
6.1.3.2 Mattress and Bedding Devices
6.1.4 Monitoring and Therapeutic Devices
6.1.4.1 Blood Glucose Monitors
6.1.4.2 Continuous Passive Motion (CPM)
6.1.4.3 Nebulizers
6.1.4.4 Oxygen Equipment
6.1.4.5 Continuous Positive Airway Pressure (CPAP)
6.1.4.6 Suction Pumps
6.1.4.7 Traction Equipment
6.1.4.8 Other Equipment
6.2 Global Durable Medical Equipment Market by End User
6.2.1 Market Overview
6.2.2 Hospitals
6.2.3 Nursing Homes
6.2.4 Home Healthcare
6.2.5 Other End User
6.3 Global Durable Medical Equipment Market by Region
6.3.1 Market Overview
6.3.2 North America
6.3.3 Europe
6.3.4 Asia Pacific
6.3.5 Latin America
6.3.6 Middle East and Africa
7 North America Durable Medical Equipment Market
7.1 Market Share by Country
7.2 United States of America
7.3 Canada
8 Europe Durable Medical Equipment Market
8.1 Market Share by Country
8.2 United Kingdom
8.3 Germany
8.4 France
8.5 Italy
8.6 Others
9 Asia Pacific Durable Medical Equipment Market
9.1 Market Share by Country
9.2 China
9.3 Japan
9.4 India
9.5 ASEAN
9.6 Australia
9.7 Others
10 Latin America Durable Medical Equipment Market
10.1 Market Share by Country
10.2 Brazil
10.3 Argentina
10.4 Mexico
10.5 Others
11 Middle East and Africa Durable Medical Equipment Market
11.1 Market Share by Country
11.2 Saudi Arabia
11.3 United Arab Emirates
11.4 Nigeria
11.5 South Africa
11.6 Others
12 Patent Analysis
12.1 Analysis by Type of Patent
12.2 Analysis by Publication year
12.3 Analysis by Issuing Authority
12.4 Analysis by Patent Age
12.5 Analysis by CPC Analysis
12.6 Analysis by Patent Valuation
12.7 Analysis by Key Players
13 Grants Analysis
13.1 Analysis by year
13.2 Analysis by Amount Awarded
13.3 Analysis by Issuing Authority
13.4 Analysis by Grant Application
13.5 Analysis by Funding Institute
13.6 Analysis by NIH Departments
13.7 Analysis by Recipient Organization
14 Funding Analysis
14.1 Analysis by Funding Instances
14.2 Analysis by Type of Funding
14.3 Analysis by Funding Amount
14.4 Analysis by Leading Players
14.5 Analysis by Leading Investors
14.6 Analysis by Geography
15 Partnership and Collaborations Analysis
15.1 Analysis by Partnership Instances
15.2 Analysis by Type of Partnership
15.3 Analysis by Leading Players
15.4 Analysis by Geography
16 Regulatory Framework
16.1 Regulatory Overview
16.1.1 US FDA
16.1.2 EU EMA
16.1.3 INDIA CDSCO
16.1.4 JAPAN PMDA
16.1.5 Others
17 Supplier Landscape
17.1 Invacare Corporation
17.1.1 Financial Analysis
17.1.2 Product Portfolio
17.1.3 Demographic Reach and Achievements
17.1.4 Mergers and Acquisitions
17.1.5 Certifications
17.2 Sunrise Medical
17.2.1 Financial Analysis
17.2.2 Product Portfolio
17.2.3 Demographic Reach and Achievements
17.2.4 Mergers and Acquisitions
17.2.5 Certifications
17.3 ArjoHuntleigh
17.3.1 Financial Analysis
17.3.2 Product Portfolio
17.3.3 Demographic Reach and Achievements
17.3.4 Mergers and Acquisitions
17.3.5 Certifications
17.4 Hill-ROM
17.4.1 Financial Analysis
17.4.2 Product Portfolio
17.4.3 Demographic Reach and Achievements
17.4.4 Mergers and Acquisitions
17.4.5 Certifications
17.5 Stryker Corporation
17.5.1 Financial Analysis
17.5.2 Product Portfolio
17.5.3 Demographic Reach and Achievements
17.5.4 Mergers and Acquisitions
17.5.5 Certifications
17.6 Medline industries INC.
17.6.1 Financial Analysis
17.6.2 Product Portfolio
17.6.3 Demographic Reach and Achievements
17.6.4 Mergers and Acquisitions
17.6.5 Certifications
17.7 Drive Medical
17.7.1 Financial Analysis
17.7.2 Product Portfolio
17.7.3 Demographic Reach and Achievements
17.7.4 Mergers and Acquisitions
17.7.5 Certifications
17.8 GF Health Products, Inc.
17.8.1 Financial Analysis
17.8.2 Product Portfolio
17.8.3 Demographic Reach and Achievements
17.8.4 Mergers and Acquisitions
17.8.5 Certifications
17.9 Carex Health Brands, Inc.
17.9.1 Financial Analysis
17.9.2 Product Portfolio
17.9.3 Demographic Reach and Achievements
17.9.4 Mergers and Acquisitions
17.9.5 Certifications
17.10 Becton, Dickinson and Company
17.10.1 Financial Analysis
17.10.2 Product Portfolio
17.10.3 Demographic Reach and Achievements
17.10.4 Mergers and Acquisitions
17.10.5 Certifications
17.11 General Electric Company
17.11.1 Financial Analysis
17.11.2 Product Portfolio
17.11.3 Demographic Reach and Achievements
17.11.4 Mergers and Acquisitions
17.11.5 Certifications
17.12 Medtronic PLC
17.12.1 Financial Analysis
17.12.2 Product Portfolio
17.12.3 Demographic Reach and Achievements
17.12.4 Mergers and Acquisitions
17.12.5 Certifications
17.13 Getinge AB
17.13.1 Financial Analysis
17.13.2 Product Portfolio
17.13.3 Demographic Reach and Achievements
17.13.4 Mergers and Acquisitions
17.13.5 Certifications
17.14 Resmed Inc.
17.14.1 Financial Analysis
17.14.2 Product Portfolio
17.14.3 Demographic Reach and Achievements
17.14.4 Mergers and Acquisitions
17.14.5 Certifications
18 Global Durable Medical Equipment Market- Distribution Model (Additional Insight)
18.1 Overview
18.2 Potential Distributors
18.3 Key Parameters for Distribution Partner Assessment
19 Key Opinion Leaders (KOL) Insights (Additional Insight)
20 Company Competitiveness Analysis (Additional Insight)
20.1 Very Small Companies
20.2 Small Companies
20.3 Mid-Sized Companies
20.4 Large Companies
20.5 Very Large Companies
21 Payment Methods (Additional Insight)
21.1 Government Funded
21.2 Private Insurance
21.3 Out-of-Pocket
*Additional insights provided are customisable as per client requirements.
Key Questions Answered in the Report
The durable medical equipment Market was valued at USD 215.22 billion in 2023.
The market is expected to grow at a CAGR of 6.29% from 2024 to 2032 to reach a value of USD 372.66 billion by 2032.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major drivers of the market include the growing end uses of durable medical equipment in the various industries, the increasing cases of accidents, the growing geriatric population, and the rising demand for durable medical equipment for children.
Technological advancements and the increasing R&D activities in the healthcare sector are expected to be key trends guiding the growth of the industry.
Personal mobility devices, bathroom safety devices and medical furniture, and monitoring and therapeutic devices are the major products of durable medical equipment in the market.
Hospitals, nursing homes, and home healthcare, among others, are the significant end uses of the product.
The major players in the industry are Invacare Corporation, Sunrise Medical, ArjoHuntleigh, Hill-ROM, Stryker Corporation, and Medline industries INC., among others.
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