Durable Medical Equipment

Durable Medical Equipment Market Size is Estimated to be US$ 299.56 Bn by 2030 [150+ Pages Report] The durable medical equipment market was valued at US$ 183.5 billion in 2020.

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[150+ Pages Report] The durable medical equipment market size in terms of value is projected to reach $ 299.56 billion by 2030, at a CAGR of 6.3% between 2021 and 2030, according to a 2021 study by Precedence Research, the Canada based market insight company.

The study provides the overall revenue of the global durable medical equipment market from 2017 to 2030, considering 2020 as the base year and 2030 as the forecast year.

The global durable medical equipment market research report gives a brief summary of definitions, size analysis, and place of production, sales, applications, types, and major players/key vendors of the durable medical equipment industry. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post-COVID-19 marketplace. This research study also integrates Industry Chain analysis and Porter’s Five Forces Analysis. Further, this report offers a competitive scenario that comprises collaborations, market concentration rate and expansions, mergers & acquisitions undertaken by companies.

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Crucial factors accountable for market growth are:

  • Increase in chronic diseases across the globe especially in the older generation people.
  • The surge in older population across the globe.
  • The rapid technological advancement in the durable medical equipment’s.
  • The comfort provided by the use of durable medical equipment’s.
  • During the COVID-19 pandemic outbreak, the demand for durable medical equipment’s increased in the local hospitals and nursing homes.

Report Highlights

  • Asia Pacific region is expected to grow at highest CAGR during the forecast period owing to improved healthcare facilities and largest population.
  • The rise in elderly population that need constant medical attention that can be ensured with the help of durable medical equipment’s.
  • The monitoring and therapeutic devices sector will lead the durable medical equipment market with highest revenue share during the forecast period owing to the rapid increase of chronic disease among the people all over the world
  • By Geography, North America leads the Durable Medical Equipment Market by revenue share because of rise in chronic diseases among the people in this region.

Scope of the Durable Medical Equipment Market Report

Report Coverage Details
Market Size in 2030 US$ 299.56 billion
Growth Rate in 2021 to 2030 CAGR of 6.3%
Base Year 2020
Forecast Period 2021 to 2030
Segments Covered Product Type, End User Type, Regional Outlook
Companies Mentioned ArjoHuntleigh, Becton, Dickinson and Company, General Electric Company, GF Health Products Inc., Hill-Rom Services Inc., Invacare Corporation, Koninklijke Philips NV, Medtronic PLC, Omron Corporation, Siemens Healthineers AG (Siemens AG) and Stryker Corporation

Regional Snapshots

North America is leading the Durable Medical Equipment Market in 2021 and is projected to grow at a CAGR of 4% in the upcoming years. In North America, the demand for Durable Medical Equipment is very high due to increase in chronic diseases among the people of North America. Moreover, the people in North America desire for home-based monitoring devices and this fosters the demand for the Durable Medical Equipment’s in the market.

The Asia-Pacific Durable Medical Equipment market is estimated to grow at highest CAGR in the coming years with China forecasted to grow at 10.5% CAGR by 2030. The prime factors that is responsible for the growth of the Durable Medical Equipment Market in the Asia Pacific region includethe growing elderly population, largest target population, unbalanced diet patterns that develops many chronic diseases and many others.

Top Players Contending in the Market:

The key companies are aiming towards advanced innovations and are predictable to dominate the target market. Foremost players inspiring in the global durable medical equipment market are ArjoHuntleigh, Becton, 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) and Stryker Corporation.

Market Segmentation

By Product

  • Personal Mobility Devices
    • Wheelchair and Scooter
    • Crutches and Canes
    • Walkers
    • Others
  • Monitoring and Therapeutic Devices
    • Oxygen Equipment
    • Blood Glucose Analyzers
    • Vital Sign Monitors
    • Infusion Pumps
    • Continuous Positive Airway Pressure (CPAP) Devices
    • Nebulizers
    • Others
  • Bathroom Safety Devices
  • Medical Furniture
  • Incontinent Pads
  • Breast Pumps
  • Catheters
  • Consumables and Accessories
  • Others

By End-use

  • Hospitals
  • Home Healthcare
  • Ambulatory Surgical Centers
  • Others

Regional Segmentation

  • North America (U.S. and Canada)
  • Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)
  • Latin America (Brazil and Rest of Latin America)
  • Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

Some of the key highlights of the report are:

  • Market Demand Outlook – The report offers refined forecasts on potential growth prospects for the market. Based on data derived after thorough research by a team of expert analysis, Precedence Research presents the most precise rate of growth for the market for the assessment period starting from 2021 – 2030.
  • Supply Chain Analysis – The purpose of the survey is to help companies identify potential scope for supply chain expansion. The study also presents analysis of unprecedented threats.
  • Competitive Landscape Analysis – Some of the leading companies operating in the durable medical equipment market are profiled in the market study. The report also underscores winning strategies adopted over the last few years and gauges impact of the same on growth trajectory exhibited by the market over the last few years.

Why should you invest in this report?

If you are aiming to enter the global durable medical equipment market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for durable medical equipment are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2030 so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. Market Dynamics Analysis and Trends

5.1. Market Dynamics

5.1.1. Market Drivers

5.1.2. Market Restraints

5.1.3. Market Opportunities

5.2. Porter’s Five Forces Analysis

5.2.1. Bargaining power of suppliers

5.2.2. Bargaining power of buyers

5.2.3. Threat of substitute

5.2.4. Threat of new entrants

5.2.5. Degree of competition

Chapter 6. Competitive Landscape

6.1.1. Company Market Share/Positioning Analysis

6.1.2. Key Strategies Adopted by Players

6.1.3. Vendor Landscape

6.1.3.1. List of Suppliers

6.1.3.2. List of Buyers

Chapter 7. Global Durable Medical Equipment Market, By Product

7.1. Durable Medical Equipment Market, by Product Type, 2021-2030

7.1.1. Personal Mobility Devices

7.1.1.1. Market Revenue and Forecast (2017-2030)

7.1.2. Monitoring and Therapeutic Devices

7.1.2.1. Market Revenue and Forecast (2017-2030)

7.1.3. Bathroom Safety Devices

7.1.3.1. Market Revenue and Forecast (2017-2030)

7.1.4. Medical Furniture

7.1.4.1. Market Revenue and Forecast (2017-2030)

7.1.5. Incontinent Pads

7.1.5.1. Market Revenue and Forecast (2017-2030)

7.1.6. Breast Pumps

7.1.6.1. Market Revenue and Forecast (2017-2030)

7.1.7. Catheters

7.1.7.1. Market Revenue and Forecast (2017-2030)

7.1.8. Consumables and Accessories

7.1.8.1. Market Revenue and Forecast (2017-2030)

7.1.9. Others

7.1.9.1. Market Revenue and Forecast (2017-2030)

Chapter 8. Global Durable Medical Equipment Market, By End-use

8.1. Durable Medical Equipment Market, by End-use, 2021-2030

8.1.1. Hospitals

8.1.1.1. Market Revenue and Forecast (2017-2030)

8.1.2. Home Healthcare

8.1.2.1. Market Revenue and Forecast (2017-2030)

8.1.3. Ambulatory Surgical Centers

8.1.3.1. Market Revenue and Forecast (2017-2030)

8.1.4. Others

8.1.4.1. Market Revenue and Forecast (2017-2030)

Chapter 9. Global Durable Medical Equipment Market, Regional Estimates and Trend Forecast

9.1. North America

9.1.1. Market Revenue and Forecast, by Product (2017-2030)

9.1.2. Market Revenue and Forecast, by End-use (2017-2030)

9.1.3. U.S.

9.1.3.1. Market Revenue and Forecast, by Product (2017-2030)

9.1.3.2. Market Revenue and Forecast, by End-use (2017-2030)

9.1.4. Rest of North America

9.1.4.1. Market Revenue and Forecast, by Product (2017-2030)

9.1.4.2. Market Revenue and Forecast, by End-use (2017-2030)

9.2. Europe

9.2.1. Market Revenue and Forecast, by Product (2017-2030)

9.2.2. Market Revenue and Forecast, by End-use (2017-2030)

9.2.3. UK

9.2.3.1. Market Revenue and Forecast, by Product (2017-2030)

9.2.3.2. Market Revenue and Forecast, by End-use (2017-2030)

9.2.4. Germany

9.2.4.1. Market Revenue and Forecast, by Product (2017-2030)

9.2.4.2. Market Revenue and Forecast, by End-use (2017-2030)

9.2.5. France

9.2.5.1. Market Revenue and Forecast, by Product (2017-2030)

9.2.5.2. Market Revenue and Forecast, by End-use (2017-2030)

9.2.6. Rest of Europe

9.2.6.1. Market Revenue and Forecast, by Product (2017-2030)

9.2.6.2. Market Revenue and Forecast, by End-use (2017-2030)

9.3. APAC

9.3.1. Market Revenue and Forecast, by Product (2017-2030)

9.3.2. Market Revenue and Forecast, by End-use (2017-2030)

9.3.3. India

9.3.3.1. Market Revenue and Forecast, by Product (2017-2030)

9.3.3.2. Market Revenue and Forecast, by End-use (2017-2030)

9.3.4. China

9.3.4.1. Market Revenue and Forecast, by Product (2017-2030)

9.3.4.2. Market Revenue and Forecast, by End-use (2017-2030)

9.3.5. Japan

9.3.5.1. Market Revenue and Forecast, by Product (2017-2030)

9.3.5.2. Market Revenue and Forecast, by End-use (2017-2030)

9.3.6. Rest of APAC

9.3.6.1. Market Revenue and Forecast, by Product (2017-2030)

9.3.6.2. Market Revenue and Forecast, by End-use (2017-2030)

9.4. MEA

9.4.1. Market Revenue and Forecast, by Product (2017-2030)

9.4.2. Market Revenue and Forecast, by End-use (2017-2030)

9.4.3. GCC

9.4.3.1. Market Revenue and Forecast, by Product (2017-2030)

9.4.3.2. Market Revenue and Forecast, by End-use (2017-2030)

9.4.4. North Africa

9.4.4.1. Market Revenue and Forecast, by Product (2017-2030)

9.4.4.2. Market Revenue and Forecast, by End-use (2017-2030)

9.4.5. South Africa

9.4.5.1. Market Revenue and Forecast, by Product (2017-2030)

9.4.5.2. Market Revenue and Forecast, by End-use (2017-2030)

9.4.6. Rest of MEA

9.4.6.1. Market Revenue and Forecast, by Product (2017-2030)

9.4.6.2. Market Revenue and Forecast, by End-use (2017-2030)

9.5. Latin America

9.5.1. Market Revenue and Forecast, by Product (2017-2030)

9.5.2. Market Revenue and Forecast, by End-use (2017-2030)

9.5.3. Brazil

9.5.3.1. Market Revenue and Forecast, by Product (2017-2030)

9.5.3.2. Market Revenue and Forecast, by End-use (2017-2030)

9.5.4. Rest of LATAM

9.5.4.1. Market Revenue and Forecast, by Product (2017-2030)

9.5.4.2. Market Revenue and Forecast, by End-use (2017-2030)

Chapter 10. Company Profiles

10.1. ArjoHuntleigh

10.1.1. Company Overview

10.1.2. Product Offerings

10.1.3. Financial Performance

10.1.4. Recent Initiatives

10.2. Becton

10.2.1. Company Overview

10.2.2. Product Offerings

10.2.3. Financial Performance

10.2.4. Recent Initiatives

10.3. Dickinson and Company

10.3.1. Company Overview

10.3.2. Product Offerings

10.3.3. Financial Performance

10.3.4. Recent Initiatives

10.4. General Electric Company

10.4.1. Company Overview

10.4.2. Product Offerings

10.4.3. Financial Performance

10.4.4. Recent Initiatives

10.5. GF Health Products Inc.

10.5.1. Company Overview

10.5.2. Product Offerings

10.5.3. Financial Performance

10.5.4. Recent Initiatives

10.6. Hill-Rom Services Inc.

10.6.1. Company Overview

10.6.2. Product Offerings

10.6.3. Financial Performance

10.6.4. Recent Initiatives

10.7. Invacare Corporation

10.7.1. Company Overview

10.7.2. Product Offerings

10.7.3. Financial Performance

10.7.4. Recent Initiatives

10.8. Koninklijke Philips NV

10.8.1. Company Overview

10.8.2. Product Offerings

10.8.3. Financial Performance

10.8.4. Recent Initiatives

10.9. Medical Device Depot Inc.

10.9.1. Company Overview

10.9.2. Product Offerings

10.9.3. Financial Performance

10.9.4. Recent Initiatives

10.10. Medline Industries Inc.

10.10.1. Company Overview

10.10.2. Product Offerings

10.10.3. Financial Performance

10.10.4. Recent Initiatives

Chapter 11. Research Methodology

11.1. Primary Research

11.2. Secondary Research

11.3. Assumptions

Chapter 12. Appendix

12.1. About Us

12.2. Glossary of Terms

Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.

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Precedence Research

Precedence Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings.

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