8% Surge in Durable Medical Equipment Market Growth: Forecasted to Cross $316.13 Billion by 2029

 The Business Research Company’s report on the Durable Medical Equipment Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.

 
 How have key drivers contributed to the rapid growth of the durable medical equipment market?
 The rise in the aging population is expected to propel the growth of the durable medical equipment market going forward. An aging population refers to an increase in the number of older people due to changes in the age composition of a population. The aging population most commonly experiences aging-associated diseases that require the assistance of durable medical equipment such as blood glucose analyzers, vital sign monitors, infusion pumps, nebulizers, and others on a long-term basis. Therefore, the rise in the aging population is driving the growth of the durable medical equipment market. For instance, in January 2023, according to the United Nations, a US-based intergovernmental organization that maintains international peace and security, the population aged 65 years or older across the globe is expected to increase from 761 million in 2021 to 1.6 billion in 2050. Therefore, the rise in the aging population is driving the growth of the durable medical equipment market.
 
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 How has the durable medical equipment market size evolved, and what are the latest forecasts for its expansion?
 The durable medical equipment market size has grown strongly in recent years. It will grow from $216.92 billion in 2024 to $231.73 billion in 2025 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to chronic disease prevalence, reimbursement policies, awareness and education, healthcare infrastructure development, government initiatives, global disease outbreaks, patient empowerment.
 
 The durable medical equipment market size is expected to see strong growth in the next few years. It will grow to $316.13 billion in 2029 at a compound annual growth rate (CAGR) of 8.1%. The growth in the forecast period can be attributed to telehealth expansion, value-based healthcare, rising healthcare costs, global health challenges, data security concerns, focus on preventive healthcare, regulatory changes. Major trends in the forecast period include rapid technological advancements, lightweight and portable solutions, emphasis on preventive healthcare, personalization of healthcare solutions, home healthcare trends.
 
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 Which major companies dominate the durable medical equipment market?
 Major companies operating in the durable medical equipment market include Invacare Corporation, GF Health Products Inc., Stryker Corporation, Hill-Rom Holdings Inc., Siemens Healthcare GmbH, Koninklijke Philips NV, Sunrise Medical Inc., Drive Medical, Masimo Corporation, Becton Dickinson and Company, Getinge AB, Medtronic PLC, Nihon Kohden Corporation, Mindray Medical International Limited, ArjoHuntleigh, Permobil AB, ResMed Inc., OMRON Corporation, Medline Industries Inc., Abbott, Compass Health Brands, GE Electric Company, Pride Mobility, Baxter International Inc., Roche Diagnostic Equipment, SAMAPLAST
 
 What trends will shape the future of the drywall and insulation contractors market?
 Technological advancements are a key trend gaining popularity in the durable medical equipment market. Major companies operating in the durable medical equipment market are adopting new technologies to strengthen their position in the market. For instance, in March 2023, Dexcom, a US-based developer, manufacturer, producer, and distributor of continuous glucose monitoring systems, launched Dexcom G6 CGM System for all eligible patients with type 1 and type 2 diabetes in Canada. A small, wearable sensor and transmitter are used in this system to measure and send glucose levels wirelessly to a smart device continuously.
 
 Which region dominates the durable medical equipment market, and what factors contribute to its leadership?
 North America was the largest region in the durable medical equipment market in 2024. The regions covered in the durable medical equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
 
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 How is the durable medical equipment market segmented, and which segment holds the largest share?
 The durable medical equipment market covered in this report is segmented –
 
 1) By Product: Personal Mobility Devices, Bathroom Safety Devices And Medical Furniture, Monitoring And Therapeutic Devices, Other Products
 2) By Payer: Public, Private, Out-Of-Pocket
 3) By End-Use: Hospitals, Nursing Homes, Home Healthcare, Other End-Uses
 
 Subsegments:
 1) By Personal Mobility Devices: Wheelchairs, Scooters, Walkers And Canes, Crutches
 2) By Bathroom Safety Devices And Medical Furniture: Grab Bars, Shower Chairs, Commodes, Hospital Beds, Bedside Tables
 3) By Monitoring And Therapeutic Devices: Blood Pressure Monitors, Glucose Monitors, Nebulizers, CPAP Machines
 4) By Other Products: Orthotic Devices, Respiratory Equipment, Mobility Aids
 
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 How is the durable medical equipment market defined, and what are its core characteristics?
 Durable medical equipment (DME) refers to any medical device or supplies that are necessary to maintain a person’s health and can be used on a long-term basis. These are ordered by a doctor, a qualified nurse practitioner, a physician assistant, or a clinical nurse specialist for a patient’s routine, long-term use.
 
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