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The global durable medical equipment market value in 2023 was USD 228.76 billion driven by the rising demand for home healthcare services across the globe. The market size is anticipated to grow at a CAGR of 6.29% during the forecast period of 2024-2032 to achieve a value of USD 396.10 billion by 2032.
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Based on product, there has been a rise in demand for personal mobility devices, and the segment is anticipated to witness a considerable growth in the forecast period. The growth can be attributed to the increased demand for walkers, cranes, and crutches among the geriatric population across the world. The older people develop mobility limitations due to weaker bones and decreased appetite. Therefore, personal mobility devices enhance their quality of life and help them accomplish the day-to-day tasks with ease. This is aiding the growth of the segment.
The increasing prevalence of chronic diseases in the region, such as cancer, diabetes, and cardiovascular and neurological disorders, among others, has been driving the market growth. Over the forecast period, the increasing demand for durable medical equipment in the United States and Canada owing to the rising geriatric population is likely to aid the market significantly. The market is expected to be further aided by the rising healthcare expenditure to bolster the quality of living in the region.
Durable medical equipments are medical devices that are designed to last for more than one use and are generally intended to last for months or even years. Durable medical equipments such as crutches and oxygen tanks can be used for long term and are known to be life saviour for the geriatric population.
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On the basis of product, the market is divided into:
The significant end uses of the product are:
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The global durable medical equipment industry is driven by the growing utilisation of various types of products in the home healthcare and hospitals sector. The demand for durable medical equipment in the home healthcare sector is quite significant, which can be attributed to the fact that these equipments help physically disabled person or a person with weak bones, thus, helping them accomplish the day-to-day tasks. The growing end use of the product in hospitals can be attributed to the rising number of accidents being reported in both private and government hospitals. The market, in the forecast period, is anticipated to be aided by the rising demand for monitoring and therapeutic devices, especially after the outbreak of the COVID-19 pandemic.
The report gives a detailed analysis of the following key players in the global durable medical equipment market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2017-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product |
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| Breakup by End User |
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| Breakup by Region |
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| Market Dynamics |
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| Supplier Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The durable medical equipment Market was valued at USD 228.76 billion in 2023.
The market is expected to grow at a CAGR of 6.29% from 2024 to 2032 to reach a value of USD 396.10 billion by 2032.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major drivers of the market include the growing end uses of durable medical equipment in the various industries, the increasing cases of accidents, the growing geriatric population, and the rising demand for durable medical equipment for children.
Technological advancements and the increasing R&D activities in the healthcare sector are expected to be key trends guiding the growth of the industry.
Personal mobility devices, bathroom safety devices and medical furniture, and monitoring and therapeutic devices are the major products of durable medical equipment in the market.
Hospitals, nursing homes, and home healthcare, among others, are the significant end uses of the product.
The major players in the industry are Invacare Corporation, Sunrise Medical, ArjoHuntleigh, Hill-ROM, Stryker Corporation, and Medline industries INC., among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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