North America dominated the durable medical equipment market in 2021. This is attributed to the presence of the major key players in this region. Additionally, the product launch by these players is also anticipated to fuel the growth in this region. For instance, sunrise medical, 2022 launched two new products these were ZIPPIE Q300 M Mini a pediatric power wheelchair and QUICKIW Q200 R a compact rear-wheel drive power wheelchair. Additionally, the rising prevalence of neurological diseases including Parkinson’s disease, Alzheimer’s disease and epilepsy impairing mobility functions is also anticipated to fuel the demand for durable medical equipment in this region.

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For instance, according to US Alzheimer’s Association 2023 report, around 6.7 million people living in the United States have Alzheimer’s. Amongst these approximately 73% of people are 75 years or older.   Furthermore, favorable government initiatives and an increase in healthcare expenditure are propelling market growth. For instance, according to the Centre for Medicare & Medicaid Services (CMS), the national health expenditure (NHE) grew 2.7% to $4.3 trillion in 2021, or $12,914 per person, and accounted for 18.3% of the Gross Domestic Product (GDP). Thus, these above-mentioned factors are anticipated to fuel the market growth in this region.

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Based on product type, the market is segmented into personal mobility devices, bathroom safety devices, monitoring & therapeutic devices and end-users. The personal mobility devices are sub-segmented into wheelchairs, walkers, scooters, door openers, canes & crutches and others. The bathroom safety devices are sub-segmented into commodes, toilet rails and others. The monitoring & therapeutic devices are further sub-segmented into blood & glucose monitor, oxygen equipment, vital sign monitor, infusion pumps and others. Amongst these bathroom safety devices are expected to witness significant growth during the forecast period. This is attributed to the, growing prevalence of age-related disorders such as osteoporosis, and Alzheimer’s amongst the geriatric population is driving the growth of this segment. These devices are portable, flexible and adjustable. This reduces the burden of the caregiver and assistance during toiletries. This is being widely adopted. Thus, the above-mentioned factors are anticipated to fuel the market growth of this segment.

Based on end-users the market is segmented into hospitals, clinics, ambulatory surgical centers and others. Among these, ambulatory surgical centres captured the majority share of the durable medical equipment market in 2021. The surgical procedures performed in these centres have increased, over the past decays. Additionally, shifting patient preference towards ambulatory centres for surgeries owing to lower cost, faster procedures, low-infection risk, personalized care and specialised expertise. Thus, the above-mentioned factors are anticipated to fuel the growth of this segment in the forecast period.

Global Durable Medical Equipment Market Segmentation

Market Insights by Product Type

·          Personal Mobility Devices

o    Wheelchair

o    Walker

o    Scooter

o    Door Openers

o    Canes & Crutches

o    Others

·            Bathroom Safety Devices

o    Toilet Rails

o    Others

·          Monitoring & Therapeutic Devices

o    Blood Glucose Monitor

o    Oxygen Equipment

o    Vital Sign Monitor

o    Infusion Pumps

o    Others

MARKET INSIGHTS BY END-USERS

o    Hospitals

o    Clinics

o    Ambulatory Surgical Centers

o    Others

Market Insight, by Region

·        North America

o   U.S.

o   Canada

o   Rest of North America

·        Europe

o  Germany

o  UK

o  Netherlands

o  France

o  Norway

o  Switzerland

o  Denmark

o  Rest of Europe

·        APAC

o  China

o  Japan

o  India

o  South Korea

o  Rest of APAC

·        Rest of the World

Top Company Profiles

·                      Sunrise Medical

·                      Invacare Corporation.

·                      Stryker 

·                      Medline Industries, Inc.

·                      GF Health Products, Inc.,

·                      Carex Health Brands

·                      Baxter.

·                      Joerns Healthcare LLC.

·                      BD.

·                      Medtronic