Durable Medical Equipment Market
Durable Medical Equipment Market Study by Monitoring & Therapeutic Devices, Personal Mobility Devices, Bathroom Safety Devices, Medical Furniture, Incontinence Pads, and Others from 2023 to 2033
Analysis of Durable Medical Equipment Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Durable Medical Equipment Market Outlook (2023 to 2033)
Valued at US$ 220 billion in 2023, the global durable medical equipment market is set to bring in revenue worth US$ 403 billion by the end of 2033. Worldwide sales of durable medical equipment (DME) are projected to rise at a noteworthy 6.2% CAGR over the next ten years (2023 to 2033).
Medical supplies that can sustain repeated usage are said to be durable. A group of medical devices called durable medical equipment is designed to provide patients with day-to-day activities assistance. Patients can get assistance from durable medical equipment manufacturers in comprehending how it works. According to specified criteria, the majority of durable medical devices and products are covered by healthcare insurance.
Monitoring & therapeutic devices, personal mobility devices, bathroom safety devices, medical furniture, incontinence pads, breast pumps, catheters, and consumables & accessories are some of the products that come under the durable medical equipment category.
- In January 2022, ASPIRE introduced the ASPIRE SOCIALITE WHEELCHAIR in the Australian marketplace. Aspire Socialite is an extremely lightweight transport chair with a safe working load limit of 115kg, which made it suitable for a wide range of users.
Adult incontinence is a recognized health issue, in addition to aging, other health issues such as posttraumatic stress disorder (PTSD), obesity, and childbirth, are important contributors to incontinence. Given the emphasis on sustainability and enhancing patient care, reusable incontinence solutions and durable medical products are slated to be high in demand over the next ten years.
Demand for community home medical equipment has expanded as a result of the development of technology for self-health management to lessen the financial burden on traditional healthcare systems. The surging popularity of home healthcare among all types of patients and efforts to reduce hospitalization are also estimated to bolster durable medical equipment shipments.
Rise in the sales of pediatric durable medical equipment can be attributed to the rising incidence of chronic diseases in the pediatric population, including anaemia, asthma, diphtheria, chickenpox, leukaemia, measles, whooping cough, mumps, tuberculosis, pneumonia, and Lyme disease. From 2023 to 2033, the rising prevalence of cancer, cardiac illnesses, neurological diseases, and gynaecological difficulties is likely to fuel the demand for DME.
- As per data provided by Globocan, the number of cancer cases around the world is estimated to be nearly 29 million by the end of 2040.
Demand for DME rental services is projected to soar high in emerging economies owing to the availability of limited DME financing. Durable medical equipment providers can also focus on this aspect to maximize their business scope in developing countries such as India, Brazil, Indonesia, etc.
| Report Attributes | Details |
|---|---|
| Durable Medical Equipment Market Size (2023) | US$ 220 Billion |
| Projected Market Value (2033F) | US$ 403 Billion |
| Global Market Growth Rate (2023 to 2033) | 6.2% CAGR |
| Personal Mobility Device Market Share (2033F) | >50% |
| United States Market Share (2023) | >35% |
| Key Companies Profiled | Invacare Corporation; Sunrise Medical; Arjohuntleigh; Hill-Rom; Stryker; Medline Industries Inc.; Medical Device Depot Inc.; GF Health Products Inc.; Carex Health Brands; Baxter International Inc.; Becton, Dickinson, and Company; Joerns Healthcare LLC |
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Should Start-ups Invest in the Durable Medical Equipment Business?
“Expanding Senescent Population and Preference for Home Healthcare Will Create Opportunities for New Durable Medical Equipment Manufacturing Companies”
Demand for affordable healthcare is at an all-time high owing to soaring costs of healthcare around the world and this is why aspiring durable medical equipment suppliers should focus on the creation of affordable solutions and services to help people. Incoming durable medical equipment manufacturers should also invest in the R&D of novel DME that can help the rapidly rising geriatric population and assist people in making home healthcare accessible to all.
- In December 2022, Respbuy, an Indian start-up founded in 2020, announced the launch of its online store to order medical equipment at affordable prices. The company has established itself as a well-known name in affordable medical equipment in India and this move allows it to enter the digital space to expand its business horizons.
New companies can benefit by learning more about aspects such as local supply, pricing trends, product standards, safety regulations, and new developments that have been discussed extensively in this durable medical equipment industry study by skilled analysts at Fact.MR, a market research and competitive intelligence provider.
What Roadblocks Do Durable Medical Equipment Companies Need to Overcome?
“Low Adoption of Digital Durable Medical Products, Lack of Skilled Personnel, and High Product Costs”
Due to the low usage of software and computer aids among the elderly and disabled population, digital durable medical products have seen a relatively low rate of acceptance. Nearly half of the population of countries such as Brazil and India resides in rural areas, which is why the awareness and acceptance of digital durable medical equipment is quite low in such countries.
Lack of technical knowledge on selling the proper mobility device to the user and educating them regarding its proper use are some barriers in emerging nations that durable medical equipment vendors can exploit to improve their sales and revenue generation potential.
Other factors such as the lack of adequate training for caregivers to handle patients with advanced medical technologies, the dearth of qualified medical professionals, and the high costs of some advanced products may hamper the sales of durable medical equipment from 2023 to 2033.
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Country-wise Insights
What’s Attracting Durable Medical Equipment Companies to India?
“Rising Awareness of Disposable Incontinence Pads and Easy Online Availability of Durable Medical Products”
Adult diapers and other incontinence supplies are expensive, and India offers little to no government support or subsidies for these medical products. India's economy is increasing quickly ascribed to its growing middle class, expanding national population, and implementation of new mandates that promote the use of DME. As a result, urban consumer patterns and habits are changing, which is slated to favor sales of hospital beds, wheelchairs, walkers, etc. in the country over the next ten years.
India is still facing difficulties in promoting the use of disposable medical products owing to issues such as affordability and lack of awareness. It has been difficult for the industry to convince people to use disposable products because cloth diapers are still quite popular in rural areas. However, the rising awareness is promoting online sales of durable medical equipment, which is projected to create new opportunities for durable medical product manufacturers and suppliers.
What Earmarks the United States as a Profitable Market for DME Suppliers?
“High Prevalence of Obesity and Growing Number of People Experiencing Joint Pain Issues”
The United States has been subjected to the overwhelming issue of obesity in its population and this coupled with the high adoption of sedentary lifestyles has resulted in a high number of people suffering from joint pain and arthritis. The aforementioned factor promotes the widespread usage of personal mobility aids in the country.
- In 2023, sales of durable medical equipment in the United States will account for more than 35% of the global market share.
Supportive government initiatives to promote awareness regarding the benefits of mobility aids and growing coverage of medical reimbursement and insurance policies for personal mobility are also opening up new avenues of opportunities for durable medical equipment companies in the United States through 2033. The rapidly aging population of the country, which is more prone to mobility issues such as osteoporosis and rheumatoid arthritis is also slated to significantly influence market development in the long run.
- A first-in-the-nation 'automated real-time hospital bed and resource tracking tool' was offered in the United States in October 2021, thanks to a partnership between GE Healthcare & Apprise Health Insights.
How Does this Fact.MR Report Characterize Durable Medical Device Demand in Europe?
“Rapidly Aging Population Prime Growth Initiator for European Markets”
Declining birth rates and low fertility rates in European countries have collectively contributed to the rapidly expanding geriatric population in the region. An aging population is more prone to suffer from different chronic ailments that necessitate the use of durable medical products such as canes, wheelchairs, blood pressure monitors, commode chairs, walkers, etc.
Germany, France, Italy, and the United Kingdom are forecasted to emerge as some of the most highly rewarding markets in the European region over the next ten years. Government efforts to improve healthcare accessibility, the launch of new medical equipment, the high prevalence of chronic diseases, and the rising preference for home healthcare are other factors that are slated to play in the hands of durable medical system vendors through 2033.
Category-wise Insights
Why are Personal Mobility Devices So Popular in the Global Market?
“Surging Cases of Accidents and Trauma Facilitating Sales of Personal Mobility Equipment”
Personal mobility device sales are increasing rapidly, driven by the steadily rising number of people with disabilities and the rising number of trauma and road accident cases. The demand for personal mobility devices is developing as a result of an aging world population, which is more vulnerable to different chronic conditions that limit mobility.
- Personal mobility device demand is projected to account for more than half of the global durable medical equipment industry share by the end of 2033.
Rising investments in the R&D of novel mobility devices are also forecasted to promote their popularity in the future. The surging incidence of arthritis among the global population is also predicted to uplift shipments of durable medical equipment going forward. The implementation of programs to help disabled people and the improvement of reimbursement structures to accommodate mobility equipment are also estimated to complement market growth through 2033 and beyond.
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Competitive Landscape
Top-tier durable medical equipment providers are focusing on mergers and acquisitions to amplify their business scope and strengthen their stance in the global competitive landscape.
- In December 2021, Baxter International, a leading healthcare company based in the United States, announced that it had acquired Hill-Rom, a renowned medical device manufacturer. The acquisition deal was approximately valued at US$ 12.5 billion including HillRom’s outstanding debt obligations.
Key Segments of Durable Medical Equipment Industry Research
-
By Product Type :
- Monitoring & Therapeutic Devices
- Personal Mobility Devices
- Bathroom Safety Devices
- Medical Furniture
- Incontinence Pads
- Breast Pumps
- Catheters
- Consumables & Accessories
- Others
-
By End User :
- Hospitals
- Nursing Homes
- Home Healthcare
- Ambulatory Surgical Centers
- Others
-
By Region :
- North America
- Latin America
- Europe
- APAC
- MEA
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Key Market Trends
- 4. Key Success Factors
- 5. Market Background
- 6. Global Market Volume (Units) Analysis 2018 to 2022 and Forecast, 2023 to 2033
- 7. Global Market - Pricing Analysis
- 8. Global Market Value Analysis 2018 to 2022 and Forecast, 2023 to 2033
- 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Product
- 9.1. Monitoring & Therapeutic Devices
- 9.2. Personal Mobility Devices
- 9.3. Bathroom Safety Devices
- 9.4. Medical Furniture
- 9.5. Incontinent Pads
- 9.6. Breast Pumps
- 9.7. Catheters
- 9.8. Consumables & Accessories
- 9.9. Others
- 10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by End User
- 10.1. Hospitals
- 10.2. Nursing Homes
- 10.3. Home Healthcare
- 10.4. Ambulatory Surgical Centers
- 10.5. Others
- 11. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Region
- 11.1. North America
- 11.2. Latin America
- 11.3. Europe
- 11.4. East Asia
- 11.5. South Asia
- 11.6. Oceania
- 11.7. Middle East and Africa (MEA)
- 12. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 13. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 14. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 15. South Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 16. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 17. Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 18. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 19. Key and Emerging Countries Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 20. Market Structure Analysis
- 21. Competition Analysis
- 21.1. Invacare Corporation
- 21.2. Sunrise Medical
- 21.3. Arjohuntleigh
- 21.4. Hill-Rom
- 21.5. Stryker
- 21.6. Medline Industries, Inc.
- 21.7. Medical Device Depot, Inc.
- 21.8. GF Health Products Inc.
- 21.9. Carex Health Brands
- 21.10. Baxter International, Inc.
- 21.11. Becton, Dickinson, and Company
- 21.12. Joerns Healthcare LLC
- 22. Assumptions and Acronyms Used
- 23. Research Methodology
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List Of Table
Table 01: Global Market Volume (‘000 Units) Analysis and Opportunity Assessment 2018 to 2033, By Product
Table 02: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Product
Table 03: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By End User
Table 04: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Region
Table 05: North America Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 06: North America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Product
Table 07: North America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By End User
Table 08: Latin America Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 09: Latin America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Product
Table 10: Latin America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By End User
Table 11: Europe Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 12: Europe Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Product
Table 13: Europe Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By End User
Table 14: South Asia Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 15: South Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Product
Table 16: South Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By End User
Table 17: East Asia Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 18: East Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Product
Table 19: East Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By End User
Table 20: Oceania Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 21: Oceania Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Product
Table 22: Oceania Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By End User
Table 23: Middle East and Africa Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 24: Middle East and Africa Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Product
Table 25: Middle East and Africa Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By End User
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List Of Figures
Figure 01: Global Market Volume (in 000' Units) Analysis, 2018 to 2022
Figure 02: Global Market Volume Forecast (in 000' Units), 2023 to 2033
Figure 03: Pricing Analysis (US$) Per Product Type, By Region, 2022
Figure 04: Pricing Analysis (US$) Per Product Type, By Region, 2022
Figure 05: Global Market Value Analysis (US$ Mn), 2018 to 2022
Figure 06: Global Market Value Forecast (US$ Mn), 2023 to 2033
Figure 07: Global Market Absolute $ Opportunity, 2023 to 2033
Figure 08: Global Market Share Analysis (%), By Product, 2023 to 2033
Figure 09: Global Market Y-o-Y Analysis (%), By Product, 2023 to 2033
Figure 10: Global Market Attractiveness Analysis by Product, 2023 to 2033
Figure 11: Global Market Share Analysis (%), By End User, 2023 to 2033
Figure 12: Global Market Y-o-Y Analysis (%), By End User, 2023 to 2033
Figure 13: Global Market Attractiveness Analysis by End User, 2023 to 2033
Figure 14: Global Market Share Analysis (%), By Region, 2023 to 2033
Figure 15: Global Market Y-o-Y Analysis (%), By Region, 2023 to 2033
Figure 16: Global Market Attractiveness Analysis by Region, 2023 to 2033
Figure 17: North America Market Value Share, By Product, 2023 (E)
Figure 18: North America Market Value Share, By End User, 2023 (E)
Figure 19: North America Market Value Share, By Country, 2023 (E)
Figure 20: North America Market Value Analysis (US$ Mn), 2018 to 2022
Figure 21: North America Market Value Forecast (US$ Mn), 2023 to 2033
Figure 22: North America Market Attractiveness Analysis by Product, 2023 to 2033
Figure 23: North America Market Attractiveness Analysis by End User, 2023 to 2033
Figure 24: North America Market Attractiveness Analysis by Country, 2023 to 2033
Figure 25: Latin America Market Value Share, By Product, 2023 (E)
Figure 26: Latin America Market Value Share, By End User, 2023 (E)
Figure 27: Latin America Market Value Share, By Country, 2023 (E)
Figure 28: Latin America Market Value Analysis (US$ Mn), 2018 to 2022
Figure 29: Latin America Market Value Forecast (US$ Mn), 2023 to 2033
Figure 30: Latin America Market Attractiveness Analysis by Product, 2023 to 2033
Figure 31: Latin America Market Attractiveness Analysis by End User, 2023 to 2033
Figure 32: Latin America Market Attractiveness Analysis by Country, 2023 to 2033
Figure 33: Europe Market Value Share, By Product, 2023 (E)
Figure 34: Europe Market Value Share, By End User, 2023 (E)
Figure 35: Europe Market Value Share, By Country, 2023 (E)
Figure 36: Europe Market Value Analysis (US$ Mn), 2018 to 2022
Figure 37: Europe Market Value Forecast (US$ Mn), 2023 to 2033
Figure 38: Europe Market Attractiveness Analysis by Product, 2023 to 2033
Figure 39: Europe Market Attractiveness Analysis by End User, 2023 to 2033
Figure 40: Europe Market Attractiveness Analysis by Country, 2023 to 2033
Figure 41: South Asia Market Value Share, By Product, 2023 (E)
Figure 42: South Asia Market Value Share, By End User, 2023 (E)
Figure 43: South Asia Market Value Share, By Country, 2023 (E)
Figure 44: South Asia Market Value Analysis (US$ Mn), 2018 to 2022
Figure 45: South Asia Market Value Forecast (US$ Mn), 2023 to 2033
Figure 46: South Asia Market Attractiveness Analysis by Product, 2023 to 2033
Figure 47: South Asia Market Attractiveness Analysis by End User, 2023 to 2033
Figure 48: South Asia Market Attractiveness Analysis by Country, 2023 to 2033
Figure 49: East Asia Market Value Share, By Product, 2023 (E)
Figure 50: East Asia Market Value Share, By End User, 2023 (E)
Figure 51: East Asia Market Value Share, By Country, 2023 (E)
Figure 52: East Asia Market Value Analysis (US$ Mn), 2018 to 2022
Figure 53: East Asia Market Value Forecast (US$ Mn), 2023 to 2033
Figure 54: East Asia Market Attractiveness Analysis by Product, 2023 to 2033
Figure 55: East Asia Market Attractiveness Analysis by End User, 2023 to 2033
Figure 56: East Asia Market Attractiveness Analysis by Country, 2023 to 2033
Figure 57: Oceania Market Value Share, By Product, 2023 (E)
Figure 58: Oceania Market Value Share, By End User, 2023 (E)
Figure 59: Oceania Market Value Share, By Country, 2023 (E)
Figure 60: Oceania Market Value Analysis (US$ Mn), 2018 to 2022
Figure 61: Oceania Market Value Forecast (US$ Mn), 2023 to 2033
Figure 62: Oceania Market Attractiveness Analysis by Product, 2023 to 2033
Figure 63: Oceania Market Attractiveness Analysis by End User, 2023 to 2033
Figure 64: Oceania Market Attractiveness Analysis by Country, 2023 to 2033
Figure 65: Middle East and Africa Market Value Share, By Product, 2023 (E)
Figure 66: Middle East and Africa Market Value Share, By End User, 2023 (E)
Figure 67: Middle East and Africa Market Value Share, By Country, 2023 (E)
Figure 68: Middle East and Africa Market Value Analysis (US$ Mn), 2018 to 2022
Figure 69: Middle East and Africa Market Value Forecast (US$ Mn), 2023 to 2033
Figure 70: Middle East and Africa Market Attractiveness Analysis by Product, 2023 to 2033
Figure 71: Middle East and Africa Market Attractiveness Analysis by End User, 2023 to 2033
Figure 72: Middle East and Africa Market Attractiveness Analysis by Country, 2023 to 2033
Figure 73: U. S. Market Value Analysis (US$ Mn), 2023 & 2033
Figure 74: U. S. Market Value Share, By Product, 2023 (E)
Figure 75: U. S. Market Value Share, By End User, 2023 (E)
Figure 76: Canada Market Value Analysis (US$ Mn), 2023 & 2033
Figure 77: Canada Market Value Share, By Product, 2023 (E)
Figure 78: Canada Market Value Share, By End User, 2023 (E)
Figure 79: Mexico Market Value Analysis (US$ Mn), 2023 & 2033
Figure 80: Mexico Market Value Share, By Product, 2023 (E)
Figure 81: Mexico Market Value Share, By End User, 2023 (E)
Figure 82: Brazil Market Value Analysis (US$ Mn), 2023 & 2033
Figure 83: Brazil Market Value Share, By Product, 2023 (E)
Figure 84: Brazil Market Value Share, By End User, 2023 (E)
Figure 85: U. K. Market Value Analysis (US$ Mn), 2023 & 2033
Figure 86: U. K. Market Value Share, By Product, 2023 (E)
Figure 87: U. K. Market Value Share, By End User, 2023 (E)
Figure 88: Germany Market Value Analysis (US$ Mn), 2023 & 2033
Figure 89: Germany Market Value Share, By Product, 2023 (E)
Figure 90: Germany Market Value Share, By End User, 2023 (E)
Figure 91: France Market Value Analysis (US$ Mn), 2023 & 2033
Figure 92: France Market Value Share, By Product, 2023 (E)
Figure 93: France Market Value Share, By End User, 2023 (E)
Figure 94: Italy Market Value Analysis (US$ Mn), 2023 & 2033
Figure 95: Italy Market Value Share, By Product, 2023 (E)
Figure 96: Italy Market Value Share, By End User, 2023 (E)
Figure 97: Spain Market Value Analysis (US$ Mn), 2023 & 2033
Figure 98: Spain Market Value Share, By Product, 2023 (E)
Figure 99: Spain Market Value Share, By End User, 2023 (E)
Figure 100: Russia Market Value Analysis (US$ Mn), 2023 & 2033
Figure 101: Russia Market Value Share, By Product, 2023 (E)
Figure 102: Russia Market Value Share, By End User, 2023 (E)
Figure 103: China Market Value Analysis (US$ Mn), 2023 & 2033
Figure 104: China Market Value Share, By Product, 2023 (E)
Figure 105: China Market Value Share, By End User, 2023 (E)
Figure 106: Japan Market Value Analysis (US$ Mn), 2023 & 2033
Figure 107: Japan Market Value Share, By Product, 2023 (E)
Figure 108: Japan Market Value Share, By End User, 2023 (E)
Figure 109: South Korea Market Value Analysis (US$ Mn), 2023 & 2033
Figure 110: South Korea Market Value Share, By Product, 2023 (E)
Figure 111: South Korea Market Value Share, By End User, 2023 (E)
Figure 112: India Market Value Analysis (US$ Mn), 2023 & 2033
Figure 113: India Market Value Share, By Product, 2023 (E)
Figure 114: India Market Value Share, By End User, 2023 (E)
Figure 115: ASEAN Market Value Analysis (US$ Mn), 2023 & 2033
Figure 116: ASEAN Market Value Share, By Product, 2023 (E)
Figure 117: ASEAN Market Value Share, By End User, 2023 (E)
Figure 118: Australia Market Value Analysis (US$ Mn), 2023 & 2033
Figure 119: Australia Market Value Share, By Product, 2023 (E)
Figure 120: Australia Market Value Share, By End User, 2023 (E)
Figure 121: New Zealand Market Value Analysis (US$ Mn), 2023 & 2033
Figure 122: New Zealand Market Value Share, By Product, 2023 (E)
Figure 123: New Zealand Market Value Share, By End User, 2023 (E)
Figure 124: GCC Countries Market Value Analysis (US$ Mn), 2023 & 2033
Figure 125: GCC Countries Market Value Share, By Product, 2023 (E)
Figure 126: GCC Countries Market Value Share, By End User, 2023 (E)
Figure 127: Turkey Market Value Analysis (US$ Mn), 2023 & 2033
Figure 128: Turkey Market Value Share, By Product, 2023 (E)
Figure 129: Turkey Market Value Share, By End User, 2023 (E)
Figure 130: South Africa Market Value Analysis (US$ Mn), 2023 & 2033
Figure 131: South Africa Market Value Share, By Product, 2023 (E)
Figure 132: South Africa Market Value Share, By End User, 2023 (E)
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
How big is the durable medical equipment market in 2023?
The global durable medical equipment market stands at US$ 220 billion in 2023.
What is the predicted value of the durable medical equipment market for 2033?
By 2033-end, worldwide demand for durable medical equipment is expected to reach a market value of US$ 403 billion.
What is the projected durable medical equipment market growth?
From 2023 to 2033, global durable medical equipment sales are projected to rise at 6.2% CAGR.
What are the factors driving the durable medical equipment market?
High prevalence of chronic diseases, expanding geriatric population, and favourable reimbursement policies are key market drivers.
Who are the key players in the global durable medical equipment market?
Sunrise Medical, Arjohuntleigh, Hill-Rom, Stryker, and Medline Industries Inc. are leading DME manufacturers.
Durable Medical Equipment Market