Durable Medical Equipment Market Size, Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025
Report ID: GMI3928
Durable medical equipment market size is expected to grow significantly from 2019 to 2025.
Durable medical equipment market growth is mainly driven by growing burden of chronic and infectious diseases worldwide. Durable medical equipment includes products such as beds, surgical tables and personal mobility devices that assist in the treatment as well as recovery of patients suffering from chronic diseases. Rising prevalence of chronic diseases such as orthopedic disorders that demand surgical procedures will upsurge the number of hospital admissions. Increased length of hospital stay owing to growing adoption of surgical procedures will significantly impact the industry growth. Moreover, improvements in hospital infrastructure has raised the number of hospital admissions thereby, accelerating durable medical equipment industry growth.
Furthermore, rising government initiatives to support development in healthcare infrastructure to ensure better patient outcomes will positively impact the industry growth. Hospitals are incorporating upgraded medical furniture and other medical equipment to aid care givers and offer relaxation to patients leading to quick recovery. Moreover, government in the developing regions is taking various initiatives and encouraging hospitals to develop infrastructure. Such factors will increase the demand for advanced and innovative durable medical equipment, thus driving industry growth over the coming years. However, high cost associated with these equipment may hinder business growth during the forecast period.
Personal mobility devices segment accounted for significant revenue share in 2018 and will show considerable growth over the forecast period. Increasing number of trauma and emergency cases including falls, stabbing wound and gunshot wounds will boost the demand for trolley and stretchers for transportation of patients. Rising usage of durable medical equipment in emergency cases such as strokes, accidents, broken bones, sprains and cardiac arrest will, thus fuel the segment growth.
Hospital segment will witness tremendous growth over the analysis timeline owing to rising disease burden and growing investments in hospitals worldwide. Growing adoption of surgical procedures for disease treatment will primarily drive the number of hospital admissions across the globe. Moreover, growing number of accidents and emergency cases has boosted the demand for hospital beds, cabinets and chairs among others thereby augmenting segment growth. Increasing government funding for public as well as private hospitals will further proven beneficial for the segment growth.
Asia Pacific durable medical equipment market is projected to grow substantially during the analysis period. Regional growth is attributable to growing disease burden due to poor hygiene conditions in emerging countries such as India. This has escalated the number of hospital admissions thus, positively influencing the regional market growth. Moreover, government initiatives in countries such as India, Australia and China to ensure availability of superior quality medical equipment in hospitals, ASCs and other healthcare facilities will further propel the regional industry growth.
Few notable players operating in durable medical equipment market include Baxter International, Stryker, GE Healthcare, Getinge AB, GF Health Products, ResMed, Medtronic, Hillrom Services, Invacare Corporation, Becton, Dickinson & Company, Medline Industries, Koninklijke Philips N.V. and Sunrise Medical. Industry players mainly focus on various strategies including novel product launch, collaborations and acquisitions to strengthen company’s existing capitalize and sustain market competition.
Durable Medical Equipment Market By Product, 2014-2025 (USD Million)
- Personal mobility devices
- Walkers & rollators
- Cranes & crutches
- Medical furniture & bathroom safety devices
- Commodes and toilets
- Mattress & bedding devices
- Monitoring and therapeutic devices
- Blood glucose monitors
- Infusion pumps
- Oxygen equipment
- Continuous Positive Airway Pressure (CPAP) devices
- Suction pumps
- Traction equipment
Durable Medical Equipment Market By End-use, 2014-2025 (USD Million)
- Ambulatory surgical centers
- Homecare settings
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East and Africa
- Saudi Arabia
- South Africa
- Baxter International
- GE Healthcare
- Getinge AB
- GF Health Products
- Hillrom Services
- Invacare Corporation
- Becton, Dickinson & Company
- Medline Industries
- Koninklijke Philips N.V.
- Sunrise Medical
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