• According to Transparency Market Research’s latest report on the global durable medical equipment (DME) market for the historical period 2017–2018 and forecast period 2019–2027, increasing number of people with one or more disabilities, rising government initiatives in preventive health care programs are projected to drive the global durable medical equipment (DME) market during the forecast period
  • According to the report, the global durable medical equipment (DME) market was valued at US$ 153.1 Bn in 2018 and is anticipated to expand at a CAGR of 6.2% from 2019 to 2027

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Increasing number of people with one or more disabilities and rising government initiatives in preventive health care programs to promote usage of durable medical equipment (DME): Key Drivers

  • Rise in number of people with one or more disabilities is likely to increase demand for durable equipment such as wheelchairs, mobility devices, and therapeutic devices & monitoring devices for hospital and home care settings. Additionally, changes in lifestyle habits such as eating and sleeping is projected to fuel demand for rehab as well as hospital treatments. This will subsequently increase demand for wheelchairs, walkers, and crutches & canes and other bariatric mobility and assistive devices.
  • Rising government initiatives in preventive health care programs is helps to drive the growth of durable medical equipment (DME) during forested period. For instance, Million Hearts is an initiative led by the U.S. Department of Health and Human Services in collaboration with the CDC and the Centers for Medicare and Medicaid Services. The committee aligns and coordinates its activities to achieve hypertension control rates above 70% through electronic health records, innovations in health information technology, and patient communication.

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Increase in funding and increasing acceptance of durable medical equipment in home care settings boost market growth

  • Numerous private associations and governments are undertaking initiatives to provide financial support to medical device manufacturers. With satisfactory funding, blood pressure monitor manufacturers invest more in R&D to produce technologically precise and effective diagnostic devices.
  • Reduction of length of hospital shifts is rapidly increasing demand for home health care durable medical equipment products. For example, post-surgical recovery products, other long-term ailment products, and supportive medical treatment products help in reducing the length of stay. Such factors are likely to boost the growth of this market

Low acceptance of digitally advanced products & lack of skilled personnel to hamper market

  • Highly digitized products have witnessed low acceptance among disabled or elderly population due to limited utilization of computers and related aids. Over 60% of the total population in developing countries such as India and Brazil lives in villages. Some of them are completely unaware of the new advanced products.
  • Some of the hurdles in emerging economies that market players can exploit include lack of technical expertise regarding selling the appropriate mobility device to the consumer and instructing them regarding its correct usage. The lack of proper training to handle patients with equipment and devices for caregivers may also hinder the market.

Global Durable Medical Equipment (DME) Market: Competitive Landscape

  • This report profiles major players in the global durable medical equipment (DME) market based on various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments
  • The global durable medical equipment (DME) market is highly fragmented, with the presence of a number of international as well as regional players
  • Leading players operating in the global durable medical equipment (DME) market are
    • Stryker Corporation
    • Medtronic plc.
    • Medline Industries, Inc.
    • BD
    • Hill-Rom Holdings, Inc.
    • Drive DeVilbiss Healthcare, Inc.
    • Invacare Corporation
    • Sunrise Medical (US) LLC,
    • ResMed, Inc.

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Global Durable Medical Equipment (DME) Market: Key Developments

Key players in the global durable medical equipment (DME) market are engaged in regulatory approvals, technologically advanced products, launch of new products, and acquisition & collaborative agreements with other companies. These strategies are likely to fuel the growth of the global durable medical equipment (DME) market. A few expansion strategies adopted by players operating in the global durable medical equipment (DME) market are:

  • In January 2019, Medical Imaging Corp. acquired Sandy Shores Medical, Inc. for business expansion in U.S. and Canada.
  • In July 2019, Dynarex launched new durable medical equipment, including two new wheelchairs, and an elongated raised toilet seat.
  • In 2019, Invacare launched ROVI A3 Power Wheelchair with Motion Concepts MPS Maxx Modular Power Standing System in North America.

The report on the global durable medical equipment (DME) market discussed individual strategies, followed by company profiles of manufacturers of durable medical equipment (DME). The competitive landscape section has been included in the report to provide readers with a dashboard view and a company market share analysis of key players operating in the global durable medical equipment (DME) market.

TMR’s report on the global durable medical equipment (DME) market studies past as well as current growth trends and opportunities to gain valuable insights of these indicators of the market during the forecast period from 2019 to 2027. The report provides revenue of the global durable medical equipment (DME) market for the period 2017–2027, considering 2018 as the base year and 2027 as the forecast year. The report also provides the compound annual growth rate (CAGR) for the global durable medical equipment (DME) market during the forecast period.

The report has been prepared after an extensive primary and secondary research. Primary research involved bulk of research efforts, wherein analysts carried out interviews with industry leaders and opinion makers. Extensive secondary research involved referring to key players’ product literature, annual reports, press releases, and relevant documents to understand the global durable medical equipment (DME) market.

Secondary research also included Internet sources, statistical data from government agencies, websites, company presentations, sales data, and trade associations. Analysts have employed a combination of top-down and bottom-up approaches to study various phenomenon in the global durable medical equipment (DME) market.

The report includes an elaborate executive summary, along with a snapshot of the growth behavior of various segments included in the scope of the study. Furthermore, the report sheds light on the changing competitive dynamics in the global durable medical equipment (DME) market. These indices serve as valuable tools for existing market players as well as for entities interested in entering the global durable medical equipment (DME) market.

The report delves into the competitive landscape of the global durable medical equipment (DME) market. Key players operating in the global durable medical equipment (DME) market have been identified, and each one of these has been profiled for distinguishing business attributes. Company overview, financial standings, recent developments, and SWOT are some of the attributes of players in the global durable medical equipment (DME) market that have been profiled in this report.

 

Key Questions Answered in Global Durable Medical Equipment (DME) Market Report

  • What is the scope of growth of product companies in the global durable medical equipment (DME) market?
  • What will be the Y-o-Y growth of the global durable medical equipment (DME) market between 2019 and 2027?
  • What is the influence of changing trends in technologies on the global durable medical equipment (DME) market?
  • Will North America continue to be the most profitable market for durable medical equipment (DME) providers?
  • Which factors are anticipated to hamper the growth of the global durable medical equipment (DME) market during the forecast period?
  • Which are the leading companies in the global durable medical equipment (DME) market?

Research Methodology

A unique research methodology has been utilized by TMR to conduct comprehensive research on the growth of the global durable medical equipment (DME) market and arrive at conclusions on its growth prospects. This research methodology is a combination of primary and secondary research, which helps analysts warrant the accuracy and reliability of the drawn conclusions.

Secondary methods referred to by analysts during the production of the global durable medical equipment (DME) market report include statistics from company annual reports, SEC filings, company websites, investor presentations, regulatory databases, government publications, and industry white papers. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, and market intelligence managers, who contributed to the production of TMR’s study on the durable medical equipment (DME) market as primary methods.

These primary and secondary methods have provided exclusive information during interviews, which serves as a validation from the durable medical equipment (DME) market leaders. Access to an extensive internal repository and external proprietary databases enabled this report to address specific details and questions about the global durable medical equipment (DME) market with accuracy. The study also uses the top-down approach to assess the revenues for each segment and the bottom-up approach to counter-validate them. This has helped in reaching TMR’s estimates on future prospects of the global durable medical equipment (DME) market more reliably and accurately.

Regional Segmentation of Durable Medical Equipment (DME) Market

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia & New Zealand
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa

The global durable medical equipment (DME) market is segmented as follows:

Equipment Type

  • Personal Mobility Devices
    • Wheelchairs
    • Crutches & Canes
    • Walkers
    • Others
  • Bathroom Safety Devices
    • Commodes
    • Toilet Rails/Frames
    • Others
  • Medical Furniture
    • Medical Beds
    • Mattress
    • Stretchers
    • Lift Chairs
    • Others
  • Monitoring and Therapeutic Devices
    • Blood Glucose Monitors
    • Oxygen Equipment
    • Vital Sign Monitors
    • Infusion Pump
    • Others

End User

  • Hospitals
  • Long-term Care Centers
  • Ambulatory Surgical Centers
  • Home Care Settings
  • Others

Geography

  • North America
    • US
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia & New Zealand
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa
    • South Africa
    • GCC Countries
    • Israel
    • Rest of Middle East & Africa

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