PUBLISHER: Polaris Market Research | PRODUCT CODE: 1831700
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1831700
The durable medical equipment market size is expected to reach USD 414.05 billion by 2034, according to a new study by Polaris Market Research. The report "Durable Medical Equipment Market Size, Share, Trends, Industry Analysis Report By Product (Personal Mobility Device, Bathroom Safety Device, Medical Furniture), By End Use, By Region- Market Forecast, 2025-2034" gives a detailed insight into current market dynamics and provides analysis on future market growth.
Durable medical equipment refers to medically necessary devices designed for long-term use to aid patients in their daily activities or treatment at home or in healthcare settings. These include items such as wheelchairs, hospital beds, walkers, oxygen equipment, and blood sugar monitors.
Governments and private insurers in many countries are expanding coverage for durable medical equipment. When insurance covers the cost, patients are more likely to get the equipment they need without financial strain. Reimbursement policies make DME more accessible, especially for expensive devices such as electric wheelchairs or hospital beds. These supportive policies increase consumer confidence and drive sales. In the U.S., for example, Medicare and Medicaid provide significant DME coverage, which encourages market growth. The market will continue to benefit from policy support as more insurers recognize the importance of DME in preventive care and recover.
Many countries are investing in building and upgrading healthcare facilities due to growing healthcare needs. This includes more hospitals, rehabilitation centers, and elder care homes, all of which require a steady supply of durable medical equipment. Healthcare providers are also seeking better quality and more reliable equipment to improve patient care and operational efficiency. Access to care is expanding in rural and underserved areas with better infrastructure, increasing demand for DME. This growth in healthcare infrastructure ensures consistent and large-scale purchases of medical equipment, contributing significantly to the overall durable medical equipment market expansion.
In 2024, the monitoring and therapeutic devices segment held the largest market share, as products such as infusion pumps, CPAP machines, and patient monitors are vital for managing both chronic and acute health conditions.
The ambulatory surgical centers segment is expected to witness strong growth during 2025-2034, due to increasing demand for affordable and efficient outpatient procedures such as minimally invasive surgeries.
North America led the market in 2024 with a 38% revenue share, supported by a growing aging population and a high incidence of chronic diseases such as diabetes and heart disease.
The Asia Pacific market is anticipated to experience significant growth during the forecast period, driven by advancements in healthcare infrastructure and greater awareness of chronic disease management.
A few global key players in the durable medical equipment market are ArjoHuntleigh; Becton, Dickinson and Company; Carex Health Brands; GF Health Products Inc.; Hill-Rom; Invacare Corporation; Medline Industries, Inc.; Medtronic PLC; Stryker; and Sunrise Medical.
Polaris Market Research has segmented the durable medical equipment market report based on product, end use, and region:
By Product (Revenue - USD Billion, 2020-2034)
Personal Mobility Devices
Wheelchairs
Scooters
Walker and Rollators
Cranes and Crutches
Door Openers
Other Devices
Bathroom Safety Devices & Medical Furniture
Commodes and Toilets
Mattress & Bedding Devices
Monitoring & Therapeutic Devices
Blood Sugar Monitors
Continuous Passive Motion (CPM)
Infusion Pumps Market
Nebulizers
Oxygen Equipment
Continuous Positive Airway Pressure (CPAP)
Suction Pumps
Traction Equipment
Other Equipment
Insulin Pumps
Ostomy Bags & Accessories
Other
Others
By End Use (Revenue - USD Billion, 2020-2034)
Hospitals
Specialty Clinics
Ambulatory Surgical Centers
Diagnostic Centers
Home Healthcare
Skilled Nursing Facilities
Others
By Regional Outlook (Revenue - USD Billion, 2020-2034)
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
Russia
Netherlands
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Indonesia
Malaysia
Australia
Rest of Asia Pacific
Latin America
Argentina
Brazil
Rest of Latin America
Middle East & Africa
UAE
Saudi Arabia
Israel
South Africa
Rest of Middle East & Africa