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Durable Medical Equipment Trends and Forecast
The future of the global durable medical equipment market looks promising with opportunities in the hospital, nursing homes, and home healthcare markets. The global durable medical equipment market is expected to reach an estimated $277.4 billion by 2030 with a CAGR of 4.7% from 2024 to 2030. The major drivers for this market are growth include the rising prevalence of chronic disease, increasing geriatric population base across the globe, and on-going technological advancement in durable medical equipments.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Durable Medical Equipment by Segment
The study includes a forecast for the global durable medical equipment by product, end use, and region.
Durable Medical Equipment Market by Product [Shipment Analysis by Value from 2018 to 2030]:
• Personal Mobility Devices
• Bathroom Safety Devices and Medical Furniture
• Monitoring and Therapeutic Devices
Durable Medical Equipment Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• Hospitals
• Nursing Homes
• Home Healthcare
• Others
Durable Medical Equipment Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Durable Medical Equipment Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies durable medical equipment companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the durable medical equipment companies profiled in this report include-
• Invacare Corporation
• ArjoHuntleigh
• Stryker Corporation
• Hill Rom
• Drive Medical
• GF Health Products
• Sunrise Medical
• Medline Industries
• Carex Health Brands
• Becton and Dickinson
Durable Medical Equipment Market Insights
Lucintel forecasts that monitoring & therapeutic devices will remain the largest segment over the forecast period due to increasing incidence of lifestyle-related diseases and growing number of health and fitness monitoring applications and devices, such as wristwatch, fitness band, and smart glasses.
Hospitals will remain the largest segment due to growing cases of chronic diseases and rising financing and services capabilities of these healthcare settings.
North America will remain the largest region over the forecast period due to the increasing prevalence of cancer, cardiac disorders, ophthalmic ailments, neurological conditions, and growing adoption of advanced products in this region.
Features of the Global Durable Medical Equipment Market
Market Size Estimates: Durable medical equipment market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Durable medical equipment market size by product, end use, and region in terms of value ($B).
Regional Analysis: Durable medical equipment market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different product, end use, and regions for the durable medical equipment market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the durable medical equipment market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q.1 What is the durable medical equipment market size?
Answer: The global durable medical equipment market is expected to reach an estimated $277.4 billion by 2030.
Q.2 What is the growth forecast for durable medical equipment market?
Answer: The global durable medical equipment market is expected to grow with a CAGR of 4.7% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the durable medical equipment market?
Answer: The major drivers for this market are growth include the rising prevalence of chronic disease, increasing geriatric population base across the globe, and on-going technological advancement in durable medical equipments.
Q4. What are the major segments for durable medical equipment market?
Answer: The future of the durable medical equipment market looks promising with opportunities in the hospital, nursing home, and home healthcare markets.
Q5. Who are the key Durable Medical Equipment Market companies?
Answer: Some of the key durable medical equipment companies are as follows:
• Invacare Corporation
• ArjoHuntleigh
• Stryker Corporation
• Hill Rom
• Drive Medical
• GF Health Products
• Sunrise Medical
• Medline Industries
• Carex Health Brands
• Becton and Dickinson
Q6. Which durable medical equipment market segment will be the largest in future?
Answer: Lucintel forecasts that monitoring & therapeutic devices will remain the largest segment over the forecast period due to increasing incidence of lifestyle-related diseases and growing number of health and fitness monitoring applications and devices, such as wristwatch, fitness band, and smart glasses.
Q7. In durable medical equipment market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period due to the increasing prevalence of cancer, cardiac disorders, ophthalmic ailments, neurological conditions, and growing adoption of advanced products in this region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the durable medical equipment market by product (personal mobility devices, bathroom safety devices and medical furniture, and monitoring & therapeutic devices), end use (hospitals, nursing homes, home healthcare, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to durable medical equipment market or related to durable medical equipment companies, durable medical equipment market size, durable medical equipment market share, durable medical equipment market growth, durable medical equipment market research, write Lucintel analyst at email: helpdesk@lucintel.com we will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Durable Medical Equipment Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Durable Medical Equipment Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Durable Medical Equipment Market by Product
3.3.1: Personal Mobility Devices
3.3.2: Bathroom Safety Devices and Medical Furniture
3.3.3: Monitoring and Therapeutic Devices
3.4: Global Durable Medical Equipment Market by End Use
3.4.1: Hospitals
3.4.2: Nursing Homes
3.4.3: Home Healthcare
3.4.4: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Durable Medical Equipment Market by Region
4.2: North American Durable Medical Equipment Market
4.2.1: North American Durable Medical Equipment Market by Product: Personal Mobility Devices, Bathroom Safety Devices and Medical Furniture, and Monitoring & Therapeutic Devices
4.2.2: North American Durable Medical Equipment Market by End Use: Hospitals, Nursing Homes, Home Healthcare, and Others
4.3: European Durable Medical Equipment Market
4.3.1: European Durable Medical Equipment Market by Product: Personal Mobility Devices, Bathroom Safety Devices and Medical Furniture, and Monitoring & Therapeutic Devices
4.3.2: European Durable Medical Equipment Market by End Use: Hospitals, Nursing Homes, Home Healthcare, and Others
4.4: APAC Durable Medical Equipment Market
4.4.1: APAC Durable Medical Equipment Market by Product: Personal Mobility Devices, Bathroom Safety Devices and Medical Furniture, and Monitoring & Therapeutic Devices
4.4.2: APAC Durable Medical Equipment Market by End Use: Hospitals, Nursing Homes, Home Healthcare, and Others
4.5: ROW Durable Medical Equipment Market
4.5.1: ROW Durable Medical Equipment Market by Product: Personal Mobility Devices, Bathroom Safety Devices and Medical Furniture, and Monitoring & Therapeutic Devices
4.5.2: ROW Durable Medical Equipment Market by End Use: Hospitals, Nursing Homes, Home Healthcare, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Durable Medical Equipment Market by Product
6.1.2: Growth Opportunities for the Global Durable Medical Equipment Market by End Use
6.1.3: Growth Opportunities for the Global Durable Medical Equipment Market by Region
6.2: Emerging Trends in the Global Durable Medical Equipment Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Durable Medical Equipment Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Durable Medical Equipment Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Invacare Corporation
7.2: ArjoHuntleigh
7.3: Stryker Corporation
7.4: Hill Rom
7.5: Drive Medical
7.6: GF Health Products
7.7: Sunrise Medical
7.8: Medline Industries
7.9: Carex Health Brands
7.10: Becton and Dickinson
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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