Durable Medical Equipment Market Top Players- Hill Rom, Inc., Carex Health Brands, Becton, Dickinson and Company, General Electric Company, Medtronic PLC.

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Durable Medical Equipment Market - (By Product (Personal Mobility Devices (Wheelchairs, Scooters, Walker and Rollators, Cranes and Crutches, Door Openers, and Others), Bathroom Safety Devices & Medical Furniture (Commodes and Toilets and Mattress & Bedding Devices), and Monitoring & Therapeutic Devices (Blood sugar monitors, Continuous Passive Motion (CPM), Infusion Pumps, Nebulizers, Oxygen Equipment, Continuous Positive Airway Pressure (CPAP), Suction Pumps, Traction Equipment, and Others)), By End User (Hospitals, Nursing Homes, Home Healthcare, and Others)), Trends, Industry Competition Analysis, Revenue and Forecast To 2034."

According to the latest research by InsightAce Analytic, the Global Durable Medical Equipment Market is expected to grow with a CAGR of 6.2% during the forecast period of 2025-2034.

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Durable medical equipment (DME) refers to medical devices designed to assist patients in performing daily activities more effectively. Vendors often provide patients with guidance on the proper use of these devices. Enhanced accessibility and improved ability to manage daily tasks represent key benefits of DME. The durable medical equipment market is poised for growth, particularly if reimbursement and coverage policies are strengthened.

The increasing global aging population is expected to drive demand for DME, as more healthcare facilities adapt to meet the needs of elderly individuals. Older adults often face longer recovery periods for skeletal, cardiac, and neurological conditions due to weakened immune systems, making DME essential for postoperative care in both home and hospital settings. This growing demand for specialized care is anticipated to accelerate market expansion.

However, several challenges could hinder market growth. A shortage of skilled professionals capable of operating advanced medical equipment remains a significant barrier. Additionally, stringent regulatory requirements in developed countries present operational challenges for manufacturers and healthcare providers in the DME sector.

List of Prominent Players in the Durable medical equipment market:
• Invacare Corporation
• ArjoHuntleigh
• Stryker Corporation
• Drive Medical
• GF Health Products, Inc.
• Sunrise Medical
• Medline Industries
• Hill Rom, Inc.
• Carex Health Brands
• Becton, Dickinson and Company
• General Electric Company
• Medtronic PLC
• Compass Health Brands
• Getinge AB
• Resmed Inc.
• Koninklijke Philips NV,
• Medical Device Depot Inc.,
• Others

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Market Dynamics
Drivers:
The increasing demand for durable medical equipment (DME) is being driven by the introduction of advanced technologies. Manufacturers are continuously developing innovative tools for accurately measuring various physiological parameters, which is expected to accelerate the growth of the DME market. Additionally, the rising global demand for therapeutic and monitoring devices is contributing to the positive trajectory of the DME market.

Challenges:
The market faces several challenges that could impede its growth. Stringent regulatory requirements, a shortage of skilled professionals, and the absence of standardized protocols in emerging markets due to lockdowns and isolation measures have slowed market expansion. Furthermore, the high cost of medical equipment remains a significant barrier to market growth. Global disruptions, such as pandemics and supply chain interruptions, have further constrained access to long-term medical equipment. The COVID-19 pandemic exacerbated these supply chain issues, affecting the availability of critical products such as nebulizers, oxygen concentrators, CPAP machines, and RADs. The existing high market demand, coupled with storage limitations, has intensified pressure on the supply chain.

Regional Trends:
North America is expected to dominate the durable medical equipment market in terms of revenue, with a strong projected compound annual growth rate (CAGR) in the coming years. This growth is driven by the increasing prevalence of chronic health conditions such as diabetes, hypertension, and cardiovascular diseases, along with a rising elderly population and an expanding network of healthcare facilities. Europe also holds a significant market share, supported by government initiatives to improve healthcare access, the introduction of advanced medical equipment, a high incidence of chronic diseases, and a growing preference for home-based healthcare solutions.

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Recent Developments:
• In Oct 2023, Sunrise Medical completed the acquisition of Ride Designs, a business renowned for its expertise in developing personalized seating solutions for those using wheelchairs. The acquisition indicated a broadening of Sunrise Medical's range of bespoke seating options, clinical knowledge, and service capacities. Ride Designs bolstered Sunrise Medical's track record in mergers and acquisitions, which was deemed a crucial component of its business strategy.
• In Feb 2022, Invacare Corporation unveiled a more compact iteration of the Invacare AVIVA STORM RX rear-wheel drive electric wheelchair. The narrow base variant of the AVIVA STORM RX, a cutting-edge chair introduced in August 2021, presented various novel enhancements in contrast to the conventional version. The AVIVA STORM RX series represented a significant advancement in the company's rear-wheel-drive power wheelchairs, aiming to enhance the end-user's experience by incorporating cutting-edge design, technology, and performance.

Segmentation of Durable Medical Equipment market -
By Product-
• Personal Mobility Devices
o Wheelchairs,
o Scooters,
o Walker and Rollators,
o Cranes and Crutches,
o Door Openers,
o Others
• Bathroom Safety Devices & Medical Furniture
o Commodes and Toilets
o Mattress & Bedding Devices
• Monitoring & Therapeutic Devices
o Blood sugar monitors,
o Continuous Passive Motion (CPM),
o Infusion Pumps,
o Nebulizers,
o Oxygen Equipment,
o Continuous Positive Airway Pressure (CPAP),
o Suction Pumps,
o Traction Equipment,
o Others
By End User-
• Hospitals
• Nursing Homes
• Home Healthcare
• Others
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of the Middle East and Africa

About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.

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This release was published on openPR.