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Durable Medical Equipment (DME) Market Report Size, Trends and Opportunity 2024-2032

Durable Medical Equipment (DME) Market Report Size, Trends and Opportunity 2024-2032

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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 2024-2032", offers a comprehensive analysis of the industry, which comprises insights on the global durable medical equipment (DME) market report. The global market size reached US$ 217.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 356.2 Billion by 2032, exhibiting a growth rate (CAGR) of 5.5% during 2024-2032.

For an in-depth analysis, you can refer sample copy of the report: imarcgroup.com/durable-medical-equipment-ma..

Factors Affecting the Growth of the Durable Medical Equipment (DME) Industry:

  • Prevalence of Chronic Diseases:

Long-term ailments such as diabetes, cardiovascular conditions, chronic obstructive pulmonary disease (COPD), and arthritis demand continual supervision and care. Patients often rely on various devices like glucose meters, blood pressure gauges, pulse oximeters, and respiratory apparatus to monitor their health status and alleviate symptoms within the comfort of their homes. Moreover, numerous chronic illnesses, particularly those impacting the musculoskeletal system or resulting in mobility limitations, necessitate the utilization of assistive tools to promote mobility and self-sufficiency. This encompasses aids such as wheelchairs, walking aids, canes, and mobility scooters, which empower individuals grappling with conditions like arthritis or multiple sclerosis to sustain mobility and engage in day-to-day tasks.

  • Technological Advancements:

Advancements in technology facilitate the creation of cutting-edge DME (Durable Medical Equipment) solutions boasting enhanced attributes, heightened functionality, and augmented patient comfort. By incorporating sensors, wireless connectivity, and intelligent algorithms into devices like insulin pumps, continuous glucose monitoring (CGM) systems, and wearable health trackers, manufacturers elevate their precision, user-friendliness, and efficacy in overseeing chronic ailments. Furthermore, technological strides pave the way for the downsizing and mobility of DME apparatus, rendering them increasingly convenient and attainable for patients.

  • Shift towards Home Healthcare:

Many patients find solace in receiving healthcare services within the confines of their own familiar abodes. The transition towards home-based healthcare affords individuals the opportunity to circumvent the inconveniences, discomforts, and potential contagions often encountered during hospital or clinic visits, thereby spurring the demand for DME (Durable Medical Equipment) solutions conducive to domiciliary care. Home healthcare frequently proves to be a more economical alternative to institutionalized care, mitigating healthcare expenses associated with hospitalizations, outpatient consultations, and long-term care facilities. DME products empower patients to access essential medical interventions, monitoring mechanisms, and rehabilitative therapies from the comfort of their homes, culminating in financial savings for healthcare systems, payers, and patients alike.

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 surge in telemedicine and distant observation solutions is propelling the requisition for DME (Durable Medical Equipment) products furnished with remote surveillance capabilities, such as wearable health monitors, telehealth platforms, and home monitoring packages. There exists an escalating appetite for bespoke and tailored DME solutions, custom-crafted to accommodate individual patient requisites, predilections, and medical circumstances, thereby stimulating advancements in product conceptualization, fabrication, and service dispensation.

Emergent markets are witnessing rapid economic advancement, urban development, and allocations towards healthcare infrastructure, thereby unveiling substantial avenues for DME manufacturers and suppliers to proliferate their foothold within these regions.

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARCs information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the companys expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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