Aging Population Dynamics Is A Catalyst For Expanding Horizons In The Durable Medical Equipment Market: The Driving Engine Behind Durable Medical Equipment Market Evolution in 2025

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Durable Medical Equipment Market Size Growth Forecast: What to Expect by 2025?
In recent years, the durable medical equipment market has experienced significant growth. It is projected to increase from a size of $216.92 billion in 2024 to $231.73 billion in 2025, with a compound annual growth rate (CAGR) of 6.8%. The factors contributing to this historic growth are the prevalence of chronic diseases, reimbursement policies, awareness and education, advancements in healare infrastructure, government initiatives, outbreaks of global diseases, and patient empowerment.

How Will the Durable Medical Equipment Market Size Evolve and Grow by 2029?
Expectations are high for the durable medical equipment market, with the market size slated to experience substantial growth going forward. It is projected to reach an estimated worth of $316.13 billion in 2029, expanding at a compound annual growth rate (CAGR) of 8.1%. This growth during the forecast period is attributed to factors such as the progression of telehealth, value-based healare systems, increasing healare expenses, worldwide health issues, concerns over data security, and the focus on preventive healare along with regulatory alterations. Key trends projected for the forecast period include significant technological advancements, preference for lightweight and portable solutions, emphasis on preventive healare, customization of healare solutions and home healare trends.

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What Drivers Are Propelling the Growth of Durable Medical Equipment Market Forward?
The increase in the number of elderly individuals is anticipated to spur the expansion of the durable medical equipment market. This rise in the ageing population results from shifts in the age demographic, leading to an increased number of older individuals. These older individuals often suffer from disorders related to aging which necessitate the long-term usage of durable medical equipment such as blood glucose analyzers, significant sign monitors, infusion pumps, nebulizers, among others. Hence, the growing aging segment of the population is a significant driver for the expansion of the durable medical equipment market. For example, a prediction from the United States based United Nations in January 2023, an intergovernmental organization focused on upholding global peace and security, forecasts a surge in the global population aged 65 years or older from 761 million in 2021 to approximately 1.6 billion by 2050. Hence, this increase in elderly individuals contributes to the growth of the durable medical equipment market.

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Which Emerging Trends Are Transforming the Durable Medical Equipment Market in 2025?
The rise in technological developments is becoming a prominent trend in the durable medical equipment industry. To establish their dominance in the market, key companies are embracing new technology. An example of this is when Dexcom, a US-based firm specialising in developing, manufacturing, producing, and distributing continuous glucose monitoring systems, unveiled the Dexcom G6 CGM System in March 2023. This was made available for all eligible Type 1 and Type 2 diabetes patients in Canada. The system employs a compact wearable sensor and transmitter, which continuously measures and wirelessly transmits glucose levels to a smart device.

What Are the Key Segments in the Durable Medical Equipment Market?
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 Healare, 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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Who Are the Key Players Shaping the Durable Medical Equipment Market's Competitive Landscape?
Major companies operating in the durable medical equipment market include Invacare Corporation, GF Health Products Inc., Stryker Corporation, Hill-Rom Holdings Inc., Siemens Healare GmbH, Koninklijke Philips NV, Sunrise Medical Inc., Drive Medical, Masimo Corporation, Becton inson 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 Geographic Markets Are Powering Growth in the Durable Medical Equipment Market?
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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