Durable Medical Equipment Market Size & Outlook, 2025-2033

Durable Medical Equipment Market Size

The global durable medical equipment market size was valued at USD 232.33 billion in 2024 and is projected to grow from USD 243.31 billion in 2025 to reach USD 331.14 billion by 2033, exhibiting a CAGR of 3.93% during the forecast period (2025-2033).

The DME market is experiencing robust growth, primarily driven by factors such as the rising prevalence of chronic diseases, an aging global population, and an increasing shift towards home-based healthcare. Technological advancements are transforming the sector, with innovations like smart monitoring features in oxygen concentrators and mobility aids enhancing patient care through efficient solutions. For example, the development of portable and lightweight DME devices has improved usability and accessibility for patients.

Furthermore, investments from both public and private sectors in healthcare infrastructure, coupled with favorable reimbursement policies, are propelling market expansion. A notable example is the initiative launched by HealthCare at Home (HCAH) in collaboration with Aroa Biosurgery in 2024. This initiative focuses on advancing wound care and recovery through medical products designed for soft tissue regeneration and treating complex wounds, reflecting the market's commitment to enhancing patient outcomes through innovative solutions.

Durable Medical Equipment Market Trends

Integration of Smart Technologies

Technological advancements are revolutionizing the global market by incorporating smart technologies such as IoT, AI, and telemedicine. IoT-enabled devices, like connected glucose monitors and oxygen concentrators, enable real-time data collection and remote patient monitoring.

Moreover, AI-driven analytics enhance care by predicting patient needs and identifying potential health risks early. Therefore, the integration of telemedicine facilitates seamless communication between patients and healthcare providers, reducing hospital visits and improving care coordination.

• For instance, in April 2024, the FDA launched the "Home as a Health Care Hub" initiative, leveraging augmented reality (AR) and virtual reality (VR) to enhance health equity and redefine the home as a vital component of the healthcare system.

This trend toward patient-centric solutions underscores the importance of tailoring treatments to individual needs, improving efficacy, and enhancing patient satisfaction.

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Durable Medical Equipment Market Driving Factors

Rising Prevalence of Chronic Illnesses

As more individuals require long-term care and continuous health monitoring, devices such as glucose monitors, oxygen concentrators, and CPAP machines are becoming essential for managing these conditions. This demand is further fueled by the growing trend toward at-home healthcare, where patients prefer convenient and cost-effective solutions.

Manufacturers are responding to this demand with innovative, user-friendly technologies that enhance ongoing monitoring and improve health outcomes.

• For example, a report published by Medical Economics in August 2024 highlighted the critical role of connected medical devices in managing chronic conditions, including chronic obstructive pulmonary disease, cardiac arrhythmias, and diabetes. These devices also address other health concerns like sleep apnea and obesity.

Increased Focus on Preventive Healthcare

A heightened focus on preventive healthcare is another key factor driving the DME market. With growing awareness about the importance of preventing chronic illnesses, there is an increasing demand for home-based medical devices that support regular health monitoring.

Products such as blood pressure monitors, glucose meters, and pulse oximeters are essential tools for tracking vital health indicators and facilitating early interventions. Wearable health devices are also gaining popularity.

• In June 2024, a report by WIPO emphasized the potential of medical wearables to address chronic diseases and enhance global health outcomes. Fitness trackers and wearable health devices are empowering individuals with real-time insights into their physical activity, sleep patterns, and overall wellness, further supporting preventive care trends.

By encouraging proactive health management, the rising focus on preventive healthcare is significantly expanding the adoption of durable medical equipment.

Market Restraining Factor

High Costs of Durable Equipment

The significant upfront cost of DME presents a considerable barrier to access, particularly for individuals in low-income communities and healthcare facilities with constrained budgets. Many patients, especially elderly individuals or those without adequate insurance coverage, face financial challenges in acquiring essential devices, resulting in delayed or insufficient treatment. This issue is especially acute in emerging markets, where healthcare infrastructure remains underdeveloped, and subsidies for medical equipment are often limited.

• For example, the cost of a manual wheelchair can range from $100 to $500, while electric wheelchairs can cost between $1,400 and $13,000. Such high expenses deter adoption and make it difficult for a broader audience to access advanced medical devices.

Additionally, hospitals and clinics in resource-limited regions may find it financially unfeasible to invest in state-of-the-art equipment, further impacting healthcare delivery. This financial barrier not only restricts the widespread adoption of durable medical devices but also impedes market growth, particularly in areas with underserved healthcare systems.

Market Opportunity

Rising Demand in Emerging Economies

As healthcare systems in these regions improve, there is an increasing need for cost-effective and reliable equipment to manage chronic diseases, support elderly care, and enhance overall wellness. Factors such as rapid urbanization, population growth, and heightened government investment in healthcare infrastructure are driving this demand.

• According to a report by the World Bank, healthcare spending in South Asia increased by over 20% between 2020 and 2023, with countries like India and Indonesia prioritizing advancements in medical technologies. Moreover, the rising prevalence of chronic conditions, such as diabetes and cardiovascular diseases, has led to a surge in demand for devices like glucose monitors, portable oxygen concentrators, and mobility aids.

Furthermore, the expanding middle class in these regions is also fueling growth as households demonstrate a greater willingness to invest in advanced healthcare solutions.

• For example, in Brazil, a growing aging population coupled with increased disposable income has spurred demand for home-use durable equipment, such as CPAP machines and electric wheelchairs.

Regional Insights

North America holds the largest share of the global market with a 40.23% market share, driven by several key factors. The region's rapidly aging population has spurred demand for mobility aids, home care devices, and life-supporting equipment, addressing the growing need for chronic disease management. North America is also home to leading industry players, ensuring a steady supply of innovative and high-quality equipment to meet diverse healthcare needs.

Moreover, the region has witnessed significant investments in research and development of life-supporting medical technologies, enhancing patient care and outcomes. For example, the U.S. has been at the forefront of innovation in wireless health monitoring devices and AI-driven diagnostic tools, offering solutions that improve efficiency and accessibility in healthcare.

• U.S. – The U.S. market benefits from advanced healthcare infrastructure and robust reimbursement policies. For instance, Medicare Part B covers medically necessary durable medical equipment prescribed for home use by enrolled providers. This support ensures accessible and affordable equipment, driving widespread adoption and fostering market growth in the U.S.
• Canada - In Canada, the growing demand for durable medical equipment is fueled by an aging population, rising chronic disease prevalence, and advancements in healthcare technology. Government initiatives like CIHR funding support innovation, while a strong healthcare infrastructure and preventive healthcare awareness propel the demand for home-use medical devices.

Asia-Pacific Durable Medical Equipment Market Trends

The Asia-Pacific region is poised for remarkable growth in the DME market, with China, Japan, and India emerging as key contributors. This rapid expansion is driven by a combination of factors, including a swiftly aging population and an increase in chronic diseases such as diabetes, cardiovascular disorders, and respiratory ailments. As a result, the demand for mobility aids, life-supporting equipment, and advanced healthcare solutions is on the rise.

Moreover, governments in emerging economies, such as India and Southeast Asian countries, are launching initiatives and increasing investments in healthcare to make advanced medical equipment more accessible. For instance, India’s National Health Mission and China’s Health China 2030 plan emphasize improving healthcare infrastructure and fostering innovation in medical technologies.

• China - China’s rapidly expanding healthcare industry, coupled with a growing aging population and increasing chronic disease cases, drives its DME market growth. Enhanced healthcare access and government initiatives further bolster the adoption of advanced medical equipment across the country.
• Japan - Japan’s aging population fuels demand for mobility aids, home care products, and monitoring tools. Advanced healthcare infrastructure and a strong focus on preventive care enhance the DME market, supporting innovative solutions for managing chronic and age-related conditions effectively.

Europe Durable Medical Equipment Market Trends

• Germany – Germany’s DME market thrives on healthcare innovation and favorable reimbursement policies. For example, HERSILL showcased advanced equipment at MEDICA 2024 in Düsseldorf, highlighting the nation’s emphasis on cutting-edge technology. Germany’s well-established healthcare system further accelerates the adoption of durable medical equipment.
• UK - In the UK, increased awareness and acceptance of home healthcare technologies drive the DME market. The NHS MedTech initiative, announced in February 2023, emphasizes accelerating innovative technologies like advanced home dialysis machines, empowering patients to manage their health conveniently at home.
• France - France’s robust healthcare system supports DME market growth through investments in preventive healthcare innovations. For instance, in August 2024, France announced a €170 million investment to advance healthcare solutions, addressing aging populations and rising chronic diseases with innovative home-use medical equipment.

Product Insights

The monitoring and therapeutic devices segment leads the global market, driven by the increasing prevalence of lifestyle-related conditions that demand real-time health monitoring. Wireless health monitoring devices have gained significant traction, with wearable technologies such as smartwatches, fitness bands, and smart glasses becoming essential for tracking metrics like heart rate, oxygen levels, and body temperature.

Moreover, these devices not only provide valuable health insights but also support early detection and prevention of complications. For example, in December 2024, reports from India highlighted Apple’s development of a hypertension detection feature for the Apple Watch, with a planned launch in 2025.

End-User Insights

Hospitals hold the largest share of the global durable medical equipment market, driven by their role as primary care centers for chronic illness management. Conditions such as diabetes and cardiovascular diseases necessitate frequent hospital visits for advanced treatment administered by skilled professionals.

Hospitals provide a comprehensive range of services, including specialized care and access to cutting-edge medical devices, making them the preferred choice for effective healthcare solutions. The growing prevalence of chronic conditions worldwide continues to increase the reliance on hospitals, further strengthening their dominance.

Company Market Share

Leading companies in the global durable medical equipment market are actively engaging in strategic collaborations, acquisitions, and partnerships to expand their product portfolios and strengthen their market presence. These initiatives enable players to leverage advanced technologies, enhance distribution networks, and cater to diverse patient needs globally, fostering sustained market growth and competitiveness.

Joerns Healthcare: An Emerging Provider in the Global Durable Medical Equipment Market

Joerns Healthcare is an emerging player in the global market, focusing on offering products such as hospital beds, therapeutic mattresses, and patient-handling equipment to improve patient care and caregiver efficiency. The company focuses on enhancing safe patient mobility and pressure injury prevention.

Recent Development

• In February 2024, Joerns Healthcare signed a definitive agreement to sell its rental service network in Florida, Georgia, Louisiana, Oklahoma, and Texas to MasVida Health, a comprehensive provider of durable medical equipment rental solutions.

List of key players in Durable Medical Equipment Market

1. Invacare Corporation
2. ArjoHuntleigh
3. Stryker Corporation
4. Hill-Rom Holdings, Inc.
5. Drive Medical
6. GF Health Products, Inc.
7. Sunrise Medical
8. Medline Industries, LP
9. Carex Health Brands
10. Becton, Dickinson and Company (BD)
11. General Electric Company
12. Medtronic PLC
13. Compass Health Brands
14. Getinge AB
15. ResMed Inc.

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Recent Developments

• November 2024 - Sunrise Medical's announcement of the QUICKIE QS5 X marked an exciting leap forward in mobility solutions. This revolutionary lightweight folding wheelchair is engineered for unparalleled convenience, featuring a seamless folding mechanism that prioritizes ease of use. Designed for those who value both performance and portability, the QUICKIE QS5 X combines advanced technology with a sleek design, making it a standout innovation in the mobility industry.
• April 2024 - Invacare launched the Move for Mobility initiative, a global fundraising campaign in partnership with Free Wheelchair Mission, a nonprofit organization based in Irvine, California. This initiative aims to provide mobility solutions to underserved communities worldwide, highlighting Invacare's commitment to improving accessibility and quality of life.
• September 2024 - Arjo strengthened its position in diagnostics and rental solutions by acquiring two prominent European companies. Tech-Med, a French distributor specializing in diagnostics, and GerroMed, a German provider of rental solutions focused on pressure injury prevention, were added to its portfolio. These acquisitions underline Arjo's strategy to expand its service offerings and enhance patient care.

Analyst Opinion

As per our analysts, the global market is on a robust growth trajectory, driven by a confluence of critical factors. The rising prevalence of chronic conditions, coupled with advancements in medical technology, is enhancing device efficiency and improving patient outcomes.

A growing emphasis on home healthcare is reshaping consumer preferences as both healthcare professionals and patients increasingly recognize the convenience and efficacy of home-use medical devices. Favorable government policies, coupled with supportive reimbursement mechanisms, are further accelerating market expansion.

Moreover, the industry's pivot toward personalized healthcare solutions, fueled by innovations in telemedicine and remote monitoring technologies, is meeting the demand for advanced and tailored DME products. With these drivers in place, the market is well-positioned for sustained growth and innovation in the years ahead.