Durable Medical Equipment Market Growth Driven by Aging Population and Increasing Demand for Home Healthcare Devices

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 with greater ease and independence. Vendors typically offer guidance to patients on the proper use of these devices, which enhance accessibility and improve the management of daily tasks. The DME market is positioned for growth, particularly if reimbursement and coverage policies are enhanced.

The rising global aging population is expected to significantly increase the demand for DME, as healthcare facilities adapt to the needs of elderly individuals. Older adults often experience prolonged recovery periods from skeletal, cardiac, and neurological conditions due to weakened immune systems, making DME critical for postoperative care in both home and hospital environments. This growing demand for specialized care is expected to drive further market expansion.

However, the market faces several challenges that could impede growth. A shortage of skilled professionals qualified to operate advanced medical equipment remains a significant obstacle. Additionally, the stringent regulatory requirements in developed countries pose operational challenges for both 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 growing demand for durable medical equipment (DME) is being fueled by the continuous advancements in technology. Manufacturers are consistently innovating tools that provide accurate measurements of various physiological parameters, which is expected to drive further growth in the DME market. Additionally, the increasing global need for therapeutic and monitoring devices is contributing to the positive growth trajectory of the sector.

Challenges:
The DME market faces several challenges that could hinder its growth. Stringent regulatory requirements, a shortage of skilled professionals, and the lack of standardized protocols in emerging markets, exacerbated by lockdowns and isolation measures, have slowed market expansion. Moreover, the high costs associated with medical equipment remain a significant barrier to market growth. Global disruptions, including pandemics and supply chain disruptions, have further constrained access to essential long-term medical equipment. The COVID-19 pandemic, in particular, intensified these supply chain challenges, impacting the availability of critical products such as nebulizers, oxygen concentrators, CPAP machines, and RADs. The combination of heightened demand and limited storage capacity has added pressure to an already strained supply chain.

Regional Trends:
North America is expected to maintain a dominant position in the durable medical equipment market in terms of revenue, with a strong compound annual growth rate (CAGR) projected for the coming years. This growth is primarily driven by the rising prevalence of chronic health conditions such as diabetes, hypertension, and cardiovascular diseases, as well as an aging population and an expanding network of healthcare facilities. Europe also holds a significant share of the market, supported by government initiatives aimed at improving healthcare access, the introduction of advanced medical equipment, a high incidence of chronic diseases, and an increasing 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

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