Durable Medical Equipment Market Expected to Reach US$ 277.1 Billion by 2027 | Industry CAGR of 6.3%

According to the latest report by IMARC Group "Durable Medical Equipment (DME) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", The global durable medical equipment (DME) market size reached US$ 191.4 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 277.1 Billion by 2027, exhibiting a CAGR of 6.3% during 2022-2027. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.

Durable medical equipment (DME) refers to equipment that serves a medical purpose and comprises wheelchairs, oxygen equipment, crutches or blood testing strips for diabetics, infusion pumps and supplies, nebulizers, patient lifts, sleep apnea devices and accessories, walkers, and suction pumps. It offers safety while reducing the need for caregiver assistance to the patient. It enables a patient to become independent and assists in monitoring several chronic diseases among individuals. It also aids in improving the mobility of patients suffering from illness and injury while reducing the time period for hospital stays.

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Durable Medical Equipment Market Trends and Drivers:

At present, the rising demand for DME due to the increasing incidence of cancers, cardiac disorders, and neurological and gynecological conditions represents one of the primary factors contributing to the market growth. Besides this, the growing demand for home healthcare DME that reduces the long stays in hospitals is offering a positive market outlook. Apart from this, the rising demand for DME among the geriatric population, as they have low-immunity levels and are more prone to various diseases, is positively influencing the market. Moreover, governing agencies of various countries are organizing several preventive healthcare programs, which is bolstering the growth of the market.

Report Segmentation:

The report has segmented the market into the following categories:

Breakup 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

Breakup by End Use:

• Hospital
• Nursing Homes
• Home Healthcare
• Others

Market Breakup by Region:

• 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

Competitive Landscape with Key Player:

• 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.

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