Durable Medical Equipment Market Size, Share and Forecast (2019-2026)

SKU: DAG73 | Last Updated On: Nov 14 2019 | No. of Pages: 190 | Available Formats

In January 2019, Generex Biotechnology Corporation announced that its wholly-owned subsidiary NuGenerex Distribution Solutions launched DME-IQ, a novel service for physicians who manage in-office distribution of DME.

Durable Medical Equipment Market Overview

Durable Medical Equipment is expected to grow at a CAGR of 6.9% during forecast period of 2019-2026

 

Durable medical equipment (DME) are intended for the management of various medical conditions and illness and offer convenience and therapeutic benefits to the patients. The use of DME is mainly associated with therapeutic benefits and comfort for patients and are not intended for non-medical purposes. They are typically prescribed by a physician and are durable and reusable which being homecare friendly. DME includes wheelchairs (manual and electric), hospital beds, traction equipment, canes, crutches, walkers, kidney machines, ventilators, oxygen, monitors, pressure mattresses, lifts, nebulizers, and others.

Market Key Takeaways

The global market for the Durable Medical Equipment Market is primarily driven by the increasing prevalence of chronic diseases such as arthritis, cardiovascular diseases, cancer and diabetes, technological advancements, increasing government initiatives and rapidly increasing ageing population that are highly susceptible to chronic diseases.

The Monitoring and Therapeutic Devices holds the most significant market share owing to the technological advancements in the devices and the high demand for managing chronic ailments, particularly diabetes which drives the blood glucose monitor share. 

North America holds the largest market share in the global Durable Medical Equipment market due to favourable reimbursement policies, high treatment rates, high prevalence of chronic diseases that require long-term care, increasing geriatric population, and rising penetration of home healthcare services.

 

Market Dynamics

The global market for the Durable Medical Equipment Market is primarily driven by the increasing prevalence of chronic diseases such as arthritis, cardiovascular diseases, cancer and diabetes; technological advancements; increasing government initiatives and rapidly increasing the aging population that are highly susceptible to chronic diseases. According to the World Health Organization (WHO) in 2015, the non- communicable chronic diseases attributed to over 38 million death per year. According to the International Diabetes Federation (IDF), in 2017, approximately 425 million adults (20-79 years) were living with diabetes; by 2045 it is predicted to rise to 629 million. According to the Asian Diabetes Prevention Initiative, 60% of the world diabetic population is in Asia. Other factors such as the increasing focus on home care settings for the management of medical conditions and illnesses in patient populations and the growing awareness about patients’ comfort are further propelling the evolving demand for durable medical equipment market.

Market Segmentation Analysis

By Product Type, the global Durable Medical Equipment market is segmented into Personal Mobility Devices, Medical Furniture, Bathroom Safety Devices, and Monitoring and Therapeutic Devices. Monitoring and Therapeutic Devices is further sub-segmented into Blood Glucose Monitor, Oxygen Concentrators, Vital Sign Monitor, Infusion Pump, Nebulizers, Positive Airway Pressure, and other devices. The Monitoring and Therapeutic Devices holds the most significant market share owing to the technological advancements in the devices and the high demand for managing chronic ailments, particularly diabetes which drives the blood glucose monitor share. Nebulizers are expected to be the second fastest-growing share due to the increasing prevalence of asthma and Chronic Obstructive Pulmonary Disease (COPD). According to the World Health Organization (WHO), More than 65 million people around the world have moderate or severe COPD. Positive Airway Pressure (PAP) devices hold a significant segment of the Monitoring and Therapeutic devices owing to the rising incidents of sleep disorders, high demand for Home-Sleep Tests, the increase in demand for micro-CPAP devices which do not require a mask, cord, or a hose and technological advancements of novel PAP with intelligent sensor technologies.

The Medical Furniture market is further sub-segmented into Medical /Adjustable Beds, Stretchers, Lift Chairs and others. The demand for medical furniture is expected to show steady growth rate during the forecast period. This is attributed to the increasing number of medical infrastructure, particularly in developing countries and steadily increasing technological innovations in hospital furniture. Moreover, the patient comfort and for the hospital staffs, ease of functional capabilities are of prime importance which are increasing demand for medical furniture. Medical beds/ Adjustable beds hold a significant market share in this segment owing to the increasing geriatric population. According to the United Nations, in 2017, there are an estimated 962 million people aged 60 or over in the world, comprising 13% of the global population. But the number of older people in the world is projected to be 1.4 billion in 2030 and 2.1 billion in 2050. Additionally, the launch of technologically advanced beds and favorable reforms for long term care have improved the adoption of medical beds in many countries.

 

Market Geographical Share

North America holds the largest market share in the global Durable Medical Equipment market due to the rising prevalence of chronic diseases that require long-term care, increasing geriatric population, and rising penetration of home healthcare services. According to the US health department, every six out of ten adults in the US have a chronic disease, and four in ten live with more than two chronic diseases or disorders. They account for billions of dollars in health care spending every year. Other drivers are the high spending of GDP in healthcare, and easy access to devices through well-established distribution channels in the region, particularly in the US and Canada.

The Asia Pacific is expected to witness a significant growth owing it to the increasing rise in the prevalence of chronic diseases, geriatric population, and target population, increased spending on healthcare, improving healthcare infrastructure in the region, and growing investments by the government and key market players of the area. According to the United Nations ESCAP in 2016, approximately 12.4% of the population in the Asia Pacific was 60+ years, but this is projected to increase to more than 1.3 billion people by 2050. According to the International Diabetes Federation (IDF) - Diabetes Atlas 8th Edition, 2017, an estimated 82 million adults (aged 20+ years) were living with diabetes in the IDF South-East Asia region, which equals to a regional prevalence of 8.5% and an estimated 158.8 million adults (aged 20+ years) were living with diabetes in the IDF Western Pacific region, which is a regional prevalence of 9.5%. 

Competitive Trends

Key players are adopting strategies such as mergers and acquisitions, partnerships, and regional expansion to stand out as strong competitors in the market. New product launches and increasing R&D are other ways the leading players improve their market presence.

In May 2019, Aeroflow Healthcare, a leading provider of durable medical equipment (DME), announced partnerships with BlueCross BlueShield (BCBS) of Western New York and BlueShield of Northeastern New York.

In January 2019, Generex Biotechnology Corporation announced that its wholly-owned subsidiary NuGenerex Distribution Solutions launched DME-IQ, a novel service for physicians who manage the in-office distribution of durable medical equipment (DME).

In December 2018, Hill-Rom, a global provider of medical technologies and the world’s leading hospital bed manufacturer, announced that EarlySense integrated its continuous contact-free heart rate and respiratory rate sensing and analytics technology into Hill-Rom’s Centrella Smart+ bed platform. The Centrella bed offers optimized patient safety, enhanced patient satisfaction, and advanced caregiver-focused technology, while continuously monitoring the patients’ heart and respiratory rates without ever touching the patient.

 

Why Purchase the Report?

  • Visualize the composition of the global Durable Medical Equipment Market across each indication, in terms of Type and Technology options, highlighting the key commercial assets and players.

  • Identify commercial opportunities in global Durable Medical Equipment Market by analyzing trends and co-development deals.

  • Excel data sheet with thousands of data points of the global Durable Medical Equipment Market - level 4/5 segmentation.

  • PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.

  • Type mapping in excel for the key Product Types of all major market players.

 

Target Audience:

  • Equipment Suppliers/ Buyers

  • Type Providers/ Buyers

  • Industry Investors/Investment Bankers

  • Education & Research Institutes

  • Research Professionals

  • Emerging Companies

  • Manufacturers

 

Table of Contents

Global Durable Medical Equipment Market

1. Global Durable Medical Equipment Market – Methodology and Scope

1.1. Research methodology

1.2. Research Objective and Scope of the Report

2. Global Durable Medical Equipment Market – Market Definition and Overview

3. Global Durable Medical Equipment Market – Executive Summary

3.1. Market Snippet By Product Type

3.2. Market Snippet By End-user

3.3. Market Snippet by Region

3.4. DataM CLO Scenario

4. Global Durable Medical Equipment Market – Market Dynamics

4.1. Market Impacting Factors

4.2. Drivers

4.2.1. Increasing prevalence of chronic diseases.

4.2.2. Increasing penetration of home healthcare services.

4.2.3. Technological Advancements

4.3. Restraints

4.3.1. Clinical validation of instruments and periodic calibration

4.3.2. Product Recalls

4.4. Opportunity

4.5. Impact Analysis

5. Global Durable Medical Equipment Market – Industry Analysis

5.1. Porter's Five Forces Analysis

5.2. Supply Chain Analysis

5.3. Pricing Analysis

5.4. Regulatory Analysis

5.5. Patent Analysis

6. Global Durable Medical Equipment Market – By Product Type

6.1. Introduction

6.1.1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product Type Segment

6.1.2. Market Attractiveness Index, By Product Type Segment

6.2. Personal Mobility Devices

6.2.1. Introduction

6.2.2. Market Size Analysis, Y-o-Y Growth Analysis (%)

6.2.3. Wheelchairs

6.2.4. Walker and Rollators 

6.2.5. Cranes and Crutches

6.2.6. Others

6.3. Medical Furniture

6.3.1. Medical Beds

6.3.2. Stretchers

6.3.3. Lift Chairs

6.3.4. Others

6.4. Bathroom Safety Devices

6.4.1. Commodes

6.4.2. Toilet Rails/Frames

6.4.3. Others

6.5. Monitoring and Therapeutic Devices

6.5.1. Blood Glucose Monitors

6.5.2. Oxygen Concentrators

6.5.3. Vital Sign Monitors

6.5.4. Infusion pumps

6.5.5. Nebulizers

6.5.6. Positive Airway Pressure (PAP)

6.5.7. Others

7. Global Durable Medical Equipment Market – By End-user

7.1. Introduction

7.1.1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End-user Segment

7.1.2. Market Attractiveness Index, By End-user Segment

7.2. Diagnostic Centers

7.2.1. Introduction

7.2.2. Market Size Analysis, Y-o-Y Growth Analysis (%)

7.3. Hospitals & Clinics

7.4. Home Healthcare

7.5. Others

8. Global Durable Medical Equipment Market – By Region

8.1. Introduction

8.1.1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Region

8.1.2. Market Attractiveness Index, By Region

8.2. North America

8.2.1. Introduction

8.2.2. Key Region-Specific Dynamics

8.2.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product Type

8.2.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End-user

8.2.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Countries

8.2.5.1. U.S.

8.2.5.2. Canada

8.2.5.3. Mexico

8.3. Europe

8.3.1. Introduction

8.3.2. Key Region-Specific Dynamics

8.3.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product Type

8.3.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Countries

8.3.4.1. Germany

8.3.4.2. U.K.

8.3.4.3. France

8.3.4.4. Italy

8.3.4.5. Spain

8.3.4.6. Rest of Europe

8.4. South America

8.4.1. Introduction

8.4.2. Key Region-Specific Dynamics

8.4.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product Type

8.4.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End-user

8.4.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Countries

8.4.5.1. Brazil

8.4.5.2. Argentina

8.4.5.3. Rest of South America

8.5. Asia Pacific

8.5.1. Introduction

8.5.2. Key Region-Specific Dynamics

8.5.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product Type

8.5.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End-user

8.5.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Countries

8.5.5.1. China

8.5.5.2. India

8.5.5.3. Japan

8.5.5.4. Australia

8.5.5.5. Rest of Asia Pacific

8.6. The Middle East and Africa

8.6.1. Introduction

8.6.2. Key Region-Specific Dynamics

8.6.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product Type

8.6.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End-user

9. Global Durable Medical Equipment Market – Competitive Landscape

9.1. Competitive Scenario

9.2. Competitor Strategy Analysis

9.3. Comparative Type Portfolio Analysis

9.4. Market Positioning/Share Analysis

9.5. Mergers and Acquisitions Analysis

10. Global Durable Medical Equipment Market – Company Profiles

10.1. Stryker Corporation

10.1.1. Company overview

10.1.2. Type portfolio and description

10.1.3. Key highlights

10.1.4. Financial overview

10.2. Becton, Dickinson and Company

10.3. Invacare Corporation

10.4. Sunrise Medical

10.5. Medline Industries Inc.

10.6. Baxter International Inc.

10.7. Hill-Rom Holdings Inc.

10.8. GF Health Products Inc.

10.9. ArjoHuntleigh

10.10. Medtronic plc.

11. Global Durable Medical Equipment Market – Premium Insights

12. Global Durable Medical Equipment Market – DataM

12.1. Appendix

12.2. About Us and Product Types

12.3. Contact Us

LIST OF TABLES

1.    Global Durable Medical Equipment Market Value, By Product Type, 2018,2022 & 2026 ($ Million)

2.   Global Durable Medical Equipment Market Value, By End-user , 2018,2022 & 2026 ($ Million)

3.   Global Durable Medical Equipment Market Value, By Region, 2018,2022 & 2026 ($ Million)

4.   Global Durable Medical Equipment Market Value, By Product Type, 2018,2022 & 2026 ($ Million)

5.    Global Durable Medical Equipment Market Value, By Product Type, 2017-2026 ($ Million)

6.   Global Durable Medical Equipment Market Value, By End-user , 2018,2022 & 2026 ($ Million)

7.    Global Durable Medical Equipment Market Value, By End-user , 2017-2026 ($ Million)

8.   Global Durable Medical Equipment Market Value, By Region, 2018,2022 & 2026 ($ Million)

9.   Global Durable Medical Equipment Market Value, By Region, 2017-2026 ($ Million)

10. North America Durable Medical Equipment Market Value, By Product Type, 2017-2026 ($ Million)

11.  North America Durable Medical Equipment Market Value, By End-user , 2017-2026 ($ Million)

12. North America Durable Medical Equipment Market Value, By Country, 2017-2026 ($ Million)

13. South America Durable Medical Equipment Market Value, By Product Type, 2017-2026 ($ Million)

14. South America Durable Medical Equipment Market Value, By End-user , 2017-2026 ($ Million)

15. South America Durable Medical Equipment Market Value, By Country, 2017-2026 ($ Million)

16. Europe Durable Medical Equipment Market Value, By Product Type, 2017-2026 ($ Million)

17. Europe Durable Medical Equipment Market Value, By End-user , 2017-2026 ($ Million)

18. Europe Durable Medical Equipment Market Value, By Country, 2017-2026 ($ Million)

19. Asia-Pacific Durable Medical Equipment Market Value, By Product Type, 2017-2026 ($ Million)

20. Asia-Pacific Durable Medical Equipment Market Value, By End-user , 2017-2026 ($ Million)

21. Asia-Pacific Durable Medical Equipment Market Value, By Country, 2017-2026 ($ Million)

22. Middle East & Africa Durable Medical Equipment Market Value, By Product Type, 2017-2026 ($ Million)

23. Middle East & Africa Durable Medical Equipment Market Value, By End-user , 2017-2026 ($ Million)

24. Stryker Corporation: Overview

25. Stryker Corporation: Product Portfolio

26. Stryker Corporation: Key Developments

27. Becton, Dickinson and Company: Overview

28. Becton, Dickinson and Company: Product Portfolio

29. Becton, Dickinson and Company: Key Developments

30. Invacare Corporation: Overview

31. Invacare Corporation: Product Portfolio

32. Invacare Corporation: Key Developments

33. Sunrise Medical: Overview

34. Sunrise Medical: Product Portfolio

35. Sunrise Medical: Key Developments

36. Medline Industries Inc.: Overview

37. Medline Industries Inc.: Product Portfolio

38. Medline Industries Inc.: Key Developments

39. Baxter International Inc.: Overview

40. Baxter International Inc.: Product Portfolio

41. Baxter International Inc.: Key Developments

42. Hill-Rom Holdings Inc.: Overview

43. Hill-Rom Holdings Inc.: Product Portfolio

44. Hill-Rom Holdings Inc.: Key Developments

45. GF Health Products Inc.: Overview

46. GF Health Products Inc.: Product Portfolio

47. GF Health Products Inc.: Key Developments

48. ArjoHuntleigh: Overview

49. ArjoHuntleigh: Product Portfolio

50. ArjoHuntleigh: Key Developments

51. Medtronic plc.: Overview

52. Medtronic plc.: Product Portfolio

53. Medtronic plc.: Key Developments

LIST OF FIGURES

1.    Global Durable Medical Equipment Market Share, By Product Type, 2018 & 2026 (%)

2.   Global Durable Medical Equipment Market Share, By End-user , 2018 & 2026 (%)

3.   Global Durable Medical Equipment Market Share, By Region, 2018 & 2026 (%)

4.   Global Durable Medical Equipment Market Value, 2017-2026 ($ Million)

5.    Global Durable Medical Equipment Market Y-o-Y Growth, By Product Type, 2018-2026 (%)

6.   Personal Mobility Devices: Global Durable Medical Equipment Market Value, 2017-2026 ($ Million)

7.    Medical Furniture: Global Durable Medical Equipment Market Value, 2017-2026 ($ Million)

8.   Bathroom Safety Devices: Global Durable Medical Equipment Market Value, 2017-2026 ($ Million)

9.   Monitoring and Therapeutic Devices: Global Durable Medical Equipment Market Value, 2017-2026 ($ Million)

10. Global Durable Medical Equipment Market Y-o-Y Growth, By End-user , 2018-2026 (%)

11.  Hospitals : Global Durable Medical Equipment Market Value, 2017-2026 ($ Million)

12. Nursing Homes: Global Durable Medical Equipment Market Value, 2017-2026 ($ Million)

13. Home Healthcare: Global Durable Medical Equipment Market Value, 2017-2026 ($ Million)

14. Global Durable Medical Equipment Market Y-o-Y Growth, By Region, 2018-2026 (%)

15. North America Durable Medical Equipment Market Value, 2017-2026 ($ Million)

16. North America Durable Medical Equipment Market Share, By Product Type, 2018 & 2026 (%)

17. North America Durable Medical Equipment Market Share, By End-user , 2018 & 2026 (%)

18. North America Durable Medical Equipment Market Share, By Country, 2018 & 2026 (%)

19. South America Durable Medical Equipment Market Value, 2017-2026 ($ Million)

20. South America Durable Medical Equipment Market Share, By Product Type, 2018 & 2026 (%)

21. South America Durable Medical Equipment Market Share, By End-user , 2018 & 2026 (%)

22. South America Durable Medical Equipment Market Share, By Country, 2018 & 2026 (%)

23. Europe Durable Medical Equipment Market Value, 2017-2026 ($ Million)

24. Europe Durable Medical Equipment Market Share, By Product Type, 2018 & 2026 (%)

25. Europe Durable Medical Equipment Market Share, By End-user, 2018 & 2026 (%)

26. Europe Durable Medical Equipment Market Share, By Country, 2018 & 2026 (%)

27. Asia-Pacific Durable Medical Equipment Market Value, 2017-2026 ($ Million)

28. Asia-Pacific Durable Medical Equipment Market Share, By Product Type, 2018 & 2026 (%)

29. Asia-Pacific Durable Medical Equipment Market Share, By End-user, 2018 & 2026 (%)

30. Asia-Pacific Durable Medical Equipment Market Share, By Country, 2018 & 2026 (%)

31. Middle East & Africa Durable Medical Equipment Market Value, 2017-2026 ($ Million)

32. Middle East & Africa Durable Medical Equipment Market Share, By Product Type, 2018 & 2026 (%)

33. Middle East & Africa Durable Medical Equipment Market Share, By End-user, 2018 & 2026 (%)

34. Stryker Corporation: Financials

35. Becton, Dickinson and Company: Financials

36. Invacare Corporation: Financials

37. Sunrise Medical: Financials

38. Medline Industries Inc.: Financials

39. Baxter International Inc.: Financials

40. Hill-Rom Holdings Inc.: Financials

41. GF Health Products Inc.: Financials

42. ArjoHuntleigh: Financials

43. Medtronic plc.: Financials

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