Press release
Durable Medical Equipment Industry Report 2025-2034: Market Dynamics, Trends, And Forecasts
Durable Medical Equipment
What Is the Current Durable Medical Equipment Market Size and Its Estimated Growth Rate?
In recent times, the size of the durable medical equipment market has seen a consistent growth. The market value, which stood at $216.92 billion in 2024, is predicted to increase to $231.73 billion in 2025 with a compound annual growth rate (CAGR) of 6.8%. Various factors have contributed to this growth during the past period, including the prevalence of chronic diseases, reimbursement policies, awareness and education, the development of healthcare infrastructure, government initiatives, disease outbreaks worldwide, and patient empowerment.
The market size for durable medical equipment is anticipated to register robust growth in the upcoming years, reaching a value of $316.13 billion by 2029 with a compound annual growth rate (CAGR) of 8.1%. Factors contributing to the growth predicted within this period include the progression of telehealth, the execution of value-based health care, escalating health care expenditures, worldwide health issues, concerns regarding data security, a focus on anticipatory health care, along with regulatory modifications. Key trends forecasted for this period encompass swift advancements in technology, lightweight and portable solutions, focus on preventive healthcare, customization in healthcare solutions, and trends towards home healthcare.
Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=9821
What Are the High-Growth Segments in the Durable Medical Equipment Market?
The durable medical equipment market covered in this report is segmented -
1) By Product: Personal Mobility Devices, Bathroom Safety Devices And Medical Furniture, Monitoring And Therapeutic Devices, Other Products
2) By Payer: Public, Private, Out-Of-Pocket
3) By End-Use: Hospitals, Nursing Homes, Home Healthcare, Other End-Uses
Subsegments:
1) By Personal Mobility Devices: Wheelchairs, Scooters, Walkers And Canes, Crutches
2) By Bathroom Safety Devices And Medical Furniture: Grab Bars, Shower Chairs, Commodes, Hospital Beds, Bedside Tables
3) By Monitoring And Therapeutic Devices: Blood Pressure Monitors, Glucose Monitors, Nebulizers, CPAP Machines
4) By Other Products: Orthotic Devices, Respiratory Equipment, Mobility Aids
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=9821&type=smp
What Key Drivers Are Expected to Influence Future Durable Medical Equipment Market Growth?
The increment in the number of elderly individuals is predicted to boost the progress of the durable medical equipment market. An aging population signifies a growth in senior individuals due to shifts in a population's age demographics. Many older people typically encounter age-related diseases that call for durable medical equipment like blood glucose analyzers, vital sign monitors, infusion pumps, nebulizers, and more for long-term usage. Hence, the escalation in the aging population is contributing to the expansion of the durable medical equipment market. For example, in January 2023, the United Nations, an American intergovernmental organization that upholds worldwide peace and security, predicted that the worldwide population of 65 years or older will jump from 761 million in 2021 to 1.6 billion in 2050. Therefore, this growth in the aging populace is fueling the expansion of the durable medical equipment market.
Which Companies Hold the Largest Share Across Different Durable Medical Equipment Market Segments?
Major companies operating in the durable medical equipment market include Invacare Corporation, GF Health Products Inc., Stryker Corporation, Hill-Rom Holdings Inc., Siemens Healthcare GmbH, Koninklijke Philips NV, Sunrise Medical Inc., Drive Medical, Masimo Corporation, Becton Dickinson and Company, Getinge AB, Medtronic PLC, Nihon Kohden Corporation, Mindray Medical International Limited, ArjoHuntleigh, Permobil AB, ResMed Inc., OMRON Corporation, Medline Industries Inc., Abbott, Compass Health Brands, GE Electric Company, Pride Mobility, Baxter International Inc., Roche Diagnostic Equipment, SAMAPLAST
What Trends Are Driving Growth in The Durable Medical Equipment Market?
In the durable medical equipment industry, technological innovations are emerging as a significant trend. To consolidate their market position, major companies in the sector are embracing new technologies. For instance, Dexcom, a leading American firm involved in developing, manufacturing, producing, and distributing continuous glucose monitoring systems, introduced its Dexcom G6 CGM System to all eligible patients with type 1 and type 2 diabetes in Canada in March 2023. This system features a compact, wearable sensor and transmitter that continuously measures glucose levels and wirelessly sends this data to a smart device.
Get the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/report/durable-medical-equipment-global-market-report
What Are the Emerging Geographies for The Durable Medical Equipment Market Growth?
North America was the largest region in the durable medical equipment market in 2024. The regions covered in the durable medical equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Durable Medical Equipment Market?
2. What is the CAGR expected in the Durable Medical Equipment Market?
3. What Are the Key Innovations Transforming the Durable Medical Equipment Industry?
4. Which Region Is Leading the Durable Medical Equipment Market?
Why This Report Matters:
Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.
Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.
Efficient Research: Quickly identify market growth, leading players, and major segments.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Durable Medical Equipment Industry Report 2025-2034: Market Dynamics, Trends, And Forecasts here
News-ID: 3978843 • Views: …
More Releases from The Business Research Company
Company Registration Service Market Landscape 2025: Forecast Data and Growth Str …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Company Registration Service Market Through 2025?
The market size for company registration services has seen robust growth in the recent past. The market is projected to expand from $10.67 billion in 2024 to $11.55 billion in 2025, exhibiting a compound annual growth…
Comprehensive 2025 Commercial Toilet Partition Market Overview: Trends, Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Toilet Partition Market Through 2025?
In recent years, the market size for commercial toilet partitions has significantly expanded. The forecast predicts a rise from $1.82 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of…
Key Trends Influencing the Growth of the Commercial Insurance For Small And Medi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Insurance For Small And Medium-Sized Enterprises (SMEs) Market Through 2025?
The market size of commercial insurance for small and medium-sized enterprises (SMEs) has seen substantial growth over the recent years. A rise from $111.83 billion in 2024 to $119.76 billion in…
Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Combustion Emissions Analyzer Market Through 2025?
In the past few years, the market size for combustion emissions analyzer has seen robust growth. It is projected to increase from $1.02 billion in 2024 to $1.09 billion in 2025, with a compound annual growth…
More Releases for Medical
ECG Analysis System Market Research Report 2022 - GE Medical, Medical Econet, Gr …
A recent market research report added to repository of MR Accuracy Reports is an in-depth analysis of global ECG Analysis System. On the basis of historic growth analysis and current scenario of ECG Analysis System place, the report intends to offer actionable insights on global market growth projections. Authenticated data presented in report is based on findings of extensive primary and secondary research. Insights drawn from data serve as excellent…
ECG Analysis System Market Outlook: 2020 The Year On A Positive Note | GE Medica …
DataIntelo report titled Global ECG Analysis System Market provides detailed information and overview about the key influential factors required to make well informed business decision. This is a latest report, covering the current COVID-19 impact on the market. The pandemic of Coronavirus (COVID-19) has affected every aspect of life globally. This has brought along several changes in market conditions. The rapidly changing market scenario and initial and future assessment of…
Medical Tracheostomy Tube Market Overall Study Report 2020-2027 | Players Medtro …
The latest report added by Stratagem Market Insights gives deep insights into the drivers and restraints in the Worldwide Medical Tracheostomy Tube Market. The research report "Global Medical Tracheostomy Tube Market Size and Growth Forecast to 2027" provide a comprehensive take on the overall market. Analysts have carefully evaluated the milestones achieved by the global Medical Tracheostomy Tube market and the current trends that are likely to shape its future.…
Global Embolization Particle Market 2019 - Sirtex Medical, Merit Medical, Cook M …
The global "Embolization Particle Market" report delivers a comprehensive and systematic framework of the Embolization Particle market at a global level that includes all the key aspects related to it. The data is collected from different sources allied to the global Embolization Particle market and the research team meticulously analyze the gathered data with the help of various analytical tools and present their opinion based on analysis and calculations. The…
Medical Casting & Splinting Market 2019: Top Key players are 3M, DJO Global, BSN …
Medical Casting & Splinting Market 2019 Report analyses the industry status, size, share, trends, growth opportunity, competition landscape and forecast to 2025. This report also provides data on patterns, improvements, target business sectors, limits and advancements. Furthermore, this research report categorizes the market by companies, region, type and end-use industry.
Get Sample Copy of this Report@ https://www.researchreportsworld.com/enquiry/request-sample/13718924
Global Medical Casting & Splinting market 2019 research provides a basic overview of…
Global Oxygen Pressure Regulator Market 2017 : Precision Medical, Smiths Medical …
Oxygen Pressure Regulator
A market study based on the " Oxygen Pressure Regulator Market " across the globe, recently added to the repository of Market Research, is titled ‘Global Oxygen Pressure Regulator Market 2017’. The research report analyses the historical as well as present performance of the worldwide Oxygen Pressure Regulator industry, and makes predictions on the future status of Oxygen Pressure Regulator market on the basis of this analysis.
Get Free…
