According to the latest report by IMARC Group “Durable Medical Equipment Market Size: Global Industry Trends, Share, Growth, Opportunity and Forecast 2021-2026“, The global durable medical equipment (DME) market reached a value of US$ 183.3 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 6.2% during 2021-2026.
Durable medical equipment refers to non-disposable instrument utilized in clinics, hospitals, and home care settings to help patients live a better quality of life. It offers various benefits, such as treating an illness or injury and supporting a disabled body part, which is intended for the management of several medical ailments.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
The global durable medical equipment market is primarily driven by the increasing elderly population, who are more prone to disabilities. Along with this, the rising instances of chronic diseases, such as cancer, cardiac disorders, neurological conditions, are also contributing to the market growth. Besides this, the outbreak of coronavirus disease (COVID-19) has escalated the demand for DME to expand the healthcare capacity in healthcare systems across the globe. Moreover, the integration of medical equipment with artificial intelligence (AI) technology, the introduction of various technologically advanced products and rising expenditure on healthcare infrastructure are some of the other factors providing a positive impact on the market growth.
Breakup by Product:
- Personal Mobility Devices
- Walker and Rollators
- Cranes and Crutches
- Door Openers
- 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
- Oxygen Equipment
- Continuous Positive Airway Pressure (CPAP)
- Suction Pumps
- Traction Equipment
Breakup by End Use:
- Nursing Homes
- Home Healthcare
Market Breakup by Region:
- 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
Competitive Landscape with Key Player:
- 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.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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