What Is the Current Market Size and Predicted Growth Rate for Global Durable Medical Equipment Market?
The durable medical equipment market size has seen strong growth in recent years, expanding from $216.92 billion in 2024 to a projected $231.73 billion in 2025, at a compound annual growth rate (CAGR) of 6.8%. Factors contributing to the growth in the historic period include chronic disease prevalence, reimbursement policies, awareness and education, healthcare infrastructure development, government initiatives, and global disease outbreaks.
Looking ahead, the durable medical equipment market size is set to continue its strong growth pattern. By 2029, the market is expected to reach $316.13 billion, growing at a CAGR of 8.1%. Growth can be attributed to the expansion of telehealth, value-based healthcare, rising healthcare costs, global health challenges, data security concerns, a focus on preventive healthcare, and regulatory changes. Notable trends for the forecast period include rapid technological advancements, lightweight and portable solutions, greater emphasis on preventive healthcare, increasing personalization of healthcare solutions, and home healthcare trends.
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Which Factors are Driving the Durable Medical Equipment Market Growth?
The rising aging population is a significant driver for the durable medical equipment market’s growth. As the number of older individuals increases, so too does the prevalence of diseases associated with aging that require the long-term use of durable medical equipment such as blood glucose analyzers, vital sign monitors, infusion pumps, and nebulizers. For instance, according to the United Nations, the global population aged 65 and older is expected to increase from 761 million in 2021 to 1.6 billion in 2050. This increase in the aging population is driving the growth of the durable medical equipment market.
Which are The Major Market Segments Within Global Durable Medical Equipment Market?
1) By Product: Personal Mobility Devices, Bathroom Safety Devices And Medical Furniture, Monitoring And Therapeutic Devices, Other Products
2) By Payer: Public, Private, Out-Of-Pocket
3) By End-Use: Hospitals, Nursing Homes, Home Healthcare, Other End-Uses
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What Are the Major Players in The Durable Medical Equipment Market?
Major players in the durable medical equipment market include Invacare Corporation, GF Health Products Inc., Stryker Corporation, Hill-Rom Holdings Inc., Siemens Healthcare GmbH, Koninklijke Philips NV, Sunrise Medical Inc., Drive Medical, Masimo Corporation, Becton Dickinson and Company, Getinge AB, Medtronic PLC, Nihon Kohden Corporation, Mindray Medical International Limited, and others.
What Are the Emerging Trends in The Durable Medical Equipment Market?
Technological advancements are gaining popularity in the durable medical equipment market. Major companies are adopting new technologies to strengthen their market position. For instance, in March 2023, Dexcom, a US-based developer of continuous glucose monitoring systems, launched the Dexcom G6 CGM System in Canada for eligible patients with type 1 and type 2 diabetes. This system uses a small, wearable sensor and transmitter to measure and wirelessly send glucose levels to a smart device.
What is The Regional Overview of The Global Durable Medical Equipment Market?
In 2024, North America was the largest region in the durable medical equipment market. The market report covers regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does The Durable Medical Equipment Market Report 2025 Offer?
Durable medical equipment (DME) refers to any medical device or supplies that are necessary to maintain a person’s health and can be used on a long-term basis. These are ordered by a doctor, a qualified nurse practitioner, a physician assistant, or a clinical nurse specialist for a patient’s routine, long-term use. The Durable Medical Equipment Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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