Syndicated Research Studies

Durable Medical Equipment (DME) Market Overview The global durable medical equipment market was valued at USD 221.35 billion in 2023 and is projected to reach USD 331.14 billion by 2030, expanding at a CAGR of 5.90% from 2024 to 2030. The increasing prevalence of chronic diseases-including urological disorders, cancer, cardiovascular and neurovascular diseases-has significantly raised hospital admission rates worldwide, thereby driving market growth. According to the World Health Organization (WHO), around 17 million people die from non-communicable diseases (NCDs) before the age of 70 each year, with 86% of these deaths occurring in low- and middle-income countries. Among NCDs, cardiovascular diseases account for the highest number of deaths (17.9 million annually), followed by cancers (9.3 million), chronic respiratory diseases (4.1 million), and diabetes (2.0 million, including kidney disease caused by diabetes). These alarming statistics underline the growing need for durable me...

The global durable medical equipment (DME) market is poised for a significant surge, reaching an estimated value of USD 331.14 billion by 2030, according to a recent report by Grand View Research, Inc. This growth is projected at a healthy CAGR of 5.90% from 2024 to 2030. Several key factors are propelling this expansion. Chronic Conditions Drive Demand One of the main drivers is the rising prevalence of chronic diseases like kidney failure and cancer. These conditions often necessitate the use of DME products to manage daily life and improve patient well-being. Additionally, advancements in medical technology are leading to the development of more sophisticated DME, further fueling market growth. Aging Population Creates Opportunity A rapidly growing geriatric population worldwide presents a substantial opportunity for the DME market. With increasing age comes a higher risk of health issues like diabetes, mobility limitations, and cardiovascular diseases. These conditions create ...

Durable Medical Equipment (DME)  Industry Overview The global Durable Medical Equipment market size was valued at USD 168.87 billion in 2018 and is expected to witness a CAGR of 6.1% over the forecast period. Durable medical equipment are intended for the management of various medical conditions and illness and offer convenience and therapeutic benefits to the patients. Growing incidence of cancer, cardiac disorders, ophthalmic ailments, neurological conditions, and gynecological complications will drive the product demand over the forecast period. Better coverage and reimbursement policies for DME products are also likely to help boost the DME market growth. In addition, rising number of elderly care centers as a result of increasing geriatric population base across the globe is projected to drive the DME market further. Gather more insights about the market drivers, restrains and growth of the  Global Durable Medical Equipment Market Elderly people have low immunity levels a...