Durable Medical Equipment Market By Equipment Type (Personal Mobility Devices, Bathroom Safety Devices and Medical Furniture, and Monitoring and Therapeutic Devices), By End User (Hospitals, Clinics, Ambulatory Surgical Centers, Home Care Settings, and Others), and By Region - Trends, Analysis and Forecast till 2030

Market for durable medical equipment was valued at US$ 55.29 billion in 2020 and is projected to grow at a compound annual growth rate (CAGR) of 6.6% to reach US$ 104.37 billion by 2030.

Robust medical equipment facilitates the accomplishment of our everyday tasks. It has a variety of equipment, including hospital beds, oxygen tanks, wheelchairs, walkers, ventilators, etc. Non-disposable medical equipment is utilized in clinics, hospitals, and home care settings to provide patients with enhanced assistance. It aids in the diagnosis, treatment, and prevention of the worsening of a sickness or injury. In addition, it offers treatments that help with medical conditions. Due to its reusability and durability, DME is recommended by the majority of doctors and is typically covered by health insurance policies across the globe. The DME manufacturers' ongoing technological improvements create new opportunities for innovations in the global market. BiKube introduced a revolutionary mobility assist in March 2019 created especially to create a link between the walker and the cane, enabling patients to navigate around their houses without using their hands.