Global DurableMedical Equipment (DME) Market is estimated to reach USD 242.1 billion by 2024 owing to the increasing prevalence of chronic diseases that require long-term care. Durable medical equipment enable therapeutic benefits to a patient arising out of medical condition or illness. DME are prescribed by a physician to primarily serve medical purposes. They comprise wheelchairs, traction equipment, hospital beds, crutches, canes, ventilators, pressure mattresses, oxygen monitors, walkers, kidney machines, nebulizers, etc. which are reusable and can also be appropriately used at home.
Durable
medical equipment can be either used alone or in combination with other
equipment as well for safety, monitoring and diagnosis of disease. They
proficiently assist in recovering health of large population across globe. The
enhancement of medical equipment technologies has improved diagnosis and
treatments of patients. Earlier, where the wheelchairs were operated manually,
today powered wheelchairs are widely replacing the manual ones.
Moreover,
the growing demand for powered wheelchairs and the modernizations in equipment
are projected to stimulate the growth of durable medical equipment (DME)
industry in the years to come. Furthermore, the emergence of transfer lifts and
mobility scooters in automated version is predicted to propel the growth of
market significantly. These benefits are allowing people to avail more reliable
healthcare systems and services which ultimately speed up their recovery
chances.
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However,
chronic diseases like neurological diseases, cardiac diseases and cancers are
considerably contributing to durable medical equipment (DME) market. Along with
the growing prevalence of chronic diseases, diseases like diabetic foot,
pressure ulcers & cancer that need long-term patient care and postoperative
recovery are expected to contribute impressively to the market in the long-run.
As
compared to the expensive hospital stay, home healthcare is a comparatively
economic option for patients today. Therefore, patients prefer to opt
post-operative recovery and long-term care at home itself. The growing demand
for home healthcare services open opportunities for the DME market players to
up sell and cross sell various equipment. Hence, the explosion of home
healthcare services has contributed comprehensively to the durable medical
equipment (DME) industry. Also, the increasing geriatric population base
worldwide is predicted to propel the industry in the forecast period.
Durable
medical equipment (DME) market is categorized on the basis of equipment type,
end-user, and geography. On the basis of equipment type, the market is divided
into bathroom safety devices, personal mobility devices, monitoring and
therapeutic devices and medical furniture. Personal mobility devices segment is
further divided into crutches & canes, wheelchairs, walkers, etc.
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Medical
furniture is further classified into medical beds, stretchers, lift chairs,
mattress, etc. In terms of end-user, durable medical equipment (DME) industry
is segmented as hospitals, ambulatory surgical centers, home care settings,
long-term care centers, etc. Hospital segment is projected to hold majority
share of the market owing to increasing number of hospitals and growing
government initiatives for improving the health care segment.
Geographically,
the durable medical equipment market is segmented into North America, Latin
America, Asia Pacific, Europe, and Middle East & Africa. Asia Pacific is
predicted to hold larger share of the market in the coming years due to the
growing population in this region and rising preference for invasive and
non-invasive monitoring devices like oxygen equipment and negative pressure
wound therapy (NPWT) pumps.
Furthermore,
the increasing number of investments by governments of emerging economies to
improve the healthcare sector is also predicted to impact the market
positively. The prominent durable medical equipment (DME) industry players
comprise Baxter International Inc., Stryker Corporation, Medtronicplc. Becton,
Drive DeVilbiss Healthcare, Dickinson and Company, Medline Industries, Inc.,
Invacare Corporation, Sunrise Medical (US) LLC, ResMed, Inc., Medical Depot
Inc., and Hill-Rom Holdings, Inc.
Market
Segment:
Global
Durable Medical Devices Product Outlook (Revenue, USD Million, 2013 - 2024)
• Personal Mobility Devices
• Wheelchairs
• Scooters
• Walker and Rollators
• Cranes and Crutches
• Door Openers
• Other Devices
• Bathroom safety devices and medical furniture
• Commodes and Toilets
• Mattress & Bedding Devices
• Monitoring and therapeutic devices
• Blood sugar monitors
• Continuous passive motion (CPM)
• Infusion pumps market
• Nebulizers
• Oxygen equipment
• Continuous Positive Airway Pressure (CPAP)
• Suction pumps
• Traction equipment
• Others equipment
Global
Durable Medical Devices End-Use Outlook (Revenue, USD Million, 2013 - 2024)
• Hospital
• Nursing Homes
• Home Healthcare
• Other End-User
Durable
Medical Devices Regional Outlook (Revenue, USD Million, 2013 - 2024)
• North America
• U.S.
• Canada
• Europe
• UK
• Germany
• Asia Pacific
• Japan
• China
• Latin America
• Brazil
• Mexico
• MEA
• South Africa
• Saudi Arabia
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