IMARC Group’s report titled “Durable Medical Equipment (DME) Market Report by Product (Personal Mobility Devices, Bathroom Safety Devices and Medical Furniture, Monitoring and Therapeutic Devices), End Use (Hospital, Nursing Homes, Home Healthcare, and Others), and Region 2023-2028“,offers a comprehensive analysis of the industry, which comprises insights on the global durable medical equipment (DME) market trends. The global market size reached US$ 204.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 294.4 Billion by 2028, exhibiting a growth rate (CAGR) of 6.2% during 2023-2028.
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Factors Affecting the Growth of the Durable Medical Equipment (DME) Industry:
- Prevalence of Chronic Diseases:
Chronic diseases, such as diabetes, cardiovascular diseases, chronic obstructive pulmonary disease (COPD), and arthritis, require continuous monitoring and management. Patients often need devices like glucometers, blood pressure monitors, pulse oximeters, and respiratory equipment to monitor their condition and manage symptoms at home. Many chronic diseases, especially those affecting the musculoskeletal system or causing mobility impairment, necessitate the use of supportive devices for mobility and independence. This includes wheelchairs, walkers, canes, and mobility scooters, which enable individuals with conditions like arthritis or multiple sclerosis to maintain mobility and perform daily activities.
- Technological Advancements:
Innovations in technology enable the development of innovative DME products with enhanced features, improved functionality, and greater patient comfort. The integration of sensors, wireless connectivity, and smart algorithms in devices, such as insulin pumps, continuous glucose monitoring (CGM) systems, and wearable health monitors, improves their accuracy, usability, and effectiveness in managing chronic conditions. Technological advancements are leading to the miniaturization and portability of DME devices, making them more convenient and accessible for patients.
- Shift towards Home Healthcare:
Many patients prefer receiving healthcare services in the comfort and familiar environment of their own homes. The shift towards home healthcare allows individuals to avoid the inconvenience, discomfort, and potential exposure to infections associated with hospital or clinic visits, driving the demand for DME products that support home-based care. Home healthcare is often more cost-effective as compared to institutional care, as it reduces healthcare expenditures associated with hospital stays, outpatient visits, and long-term care facilities. DME products enable patients to receive necessary medical treatment, monitoring, and rehabilitation services at home, leading to cost savings for healthcare systems, payers, and patients.
Leading Companies Operating in the Global Durable Medical Equipment (DME) Industry:
- ArjoHuntleigh
- Becton
- Dickinson and Company
- General Electric Company
- GF Health Products Inc.
- Hill-Rom Services Inc.
- Invacare Corporation
- Koninklijke Philips NV
- Medical Device Depot Inc.
- Medline Industries Inc.
- Medtronic PLC
- Omron Corporation
- Siemens Healthineers AG (Siemens AG)
- Stryker Corporation.
Durable Medical Equipment (DME) Market Report Segmentation:
By Product:
- Personal Mobility Devices
- Wheelchairs
- Scooters
- Walker and Rollators
- Cranes and Crutches
- Door Openers
- Others
- Bathroom Safety Devices and Medical Furniture
- Commodes and Toilets
- Mattress and Bedding Devices
- Monitoring and Therapeutic Devices
- Blood Sugar Monitors
- Continuous Passive Motion (CPM)
- Infusion Pumps
- Nebulizers
- Oxygen Equipment
- Continuous Positive Airway Pressure (CPAP)
- Suction Pumps
- Traction Equipment
- Others
Personal mobility devices represent the largest segment due to the increasing elderly population and the growing demand for mobility aids, such as wheelchairs, scooters, and walkers, to maintain independence and improve quality of life.
By End Use:
- Hospital
- Nursing Homes
- Home Healthcare
- Others
Hospitals account for the majority of the market share owing to their role as primary healthcare providers, requiring a wide range of DME equipment for patient care, rehabilitation, and medical procedures.
Regional Insights:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
North America enjoys the leading position in the durable medical equipment (DME) market on account of a well-established healthcare infrastructure, high healthcare expenditure, favorable reimbursement policies, and a large aging population with chronic health conditions.
Global Durable Medical Equipment (DME) Market Trends:
The adoption of telemedicine and remote monitoring solutions is rising, driving the demand for DME products with remote monitoring capabilities, such as wearable health trackers, telehealth platforms, and home monitoring kits. There is a growing demand for personalized and customized DME solutions tailored as per individual patient needs, preferences, and medical conditions, driving innovations in product design, manufacturing, and service delivery.
Emerging markets are experiencing rapid economic growth, urbanization, and investments in healthcare infrastructure, presenting significant growth opportunities for DME manufacturers and suppliers to expand their presence in these regions.
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