Global Medical Equipment market size is expected to reach $1112.28 billion by 2029 at 8.9%, segmented as by type, in-vitro diagnostics, dental equipment and supplies, ophthalmic devices, diagnostic imaging equipment, cardiovascular devices

The Home Medical Equipment Market Report is Segmented by Functionality (Therapeutic Equipment, and More), Therapeutic Area (Respiratory Care, Diabetes Care, and More), Connectivity (Smart Devices and Conventional Devices), Distribution Channel (Retail Medical Stores, and More), End-User (Chronic-Disease Home-Care, and More), and Geography (North America, and More). The Market Forecasts are Provided in Terms of Value (USD).

Global Durable Medical Equipment Market will grow at a CAGR of 6.1% during the forecast period, with an estimated size and share crossing USD 377.20 billion by 2032.

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Medical Devices Market Size 2025-2029

The medical devices market size is forecast to increase by USD 223 billion, at a CAGR of 6.5% between 2024 and 2029. The market is witnessing significant growth, driven by the increasing prevalence of diseases and the emergence of innovative medical technologies. The market is experiencing a surge in demand due to the rising burden of chronic diseases and the growing aging population.

Major Market Trends & Insights

North America dominated the market and accounted for a 37% share in 2023.
The market is expected to grow significantly in Europe region as well over the forecast period.
Based on the End-user, the hospitals and ASCs segment led the market and was valued at USD 430.60 billion of the global revenue in 2023.
Based on the Product Type, the diagnostic devices segment accounted for the largest market revenue share in 2023.

Market Size & Forecast

Market Opportunities: USD 597.90 Billion
Future Opportunities: USD 223 Billion
CAGR (2024-2029): 6.5%
North America: Largest market in 2023

The market continues to evolve, driven by advancements in technology and the growing demand for innovative solutions across various sectors. Cardiovascular device technology, for instance, has seen significant progress with the development of more efficient and effective stents, leading to a 5% annual growth rate. Surgical instrument design has been revolutionized by surgical robotics systems, enabling minimally invasive procedures and improved therapeutic device efficacy. Three-dimensional printed implants are another area of focus, with biomaterial compatibility testing ensuring optimal patient safety and long-term success. Regulatory device compliance remains a critical factor, as mobile health applications and artificial intelligence diagnostics gain popularity.

What will be the Size of the Medical Devices Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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Advanced medical devices, such as implantable devices and diagnostic equipment, are increasingly being adopted to improve patient outcomes and enhance the quality of healthcare. However, the market faces challenges in the form of declining reimbursement and cost containment measures. Healthcare providers and insurers are increasingly focusing on cost savings, leading to pressure on medical device manufacturers to reduce prices. The clinics segment is the second largest segment of the end-user and was valued at USD 104.10 billion in 2023.

Additionally, regulatory compliance and stringent approval processes pose significant challenges to market entrants. Companies must navigate these challenges by developing cost-effective solutions, focusing on regulatory compliance, and collaborating with healthcare providers and insurers to ensure reimbursement for their products. To capitalize on the market opportunities and stay competitive, companies must invest in research and development to bring innovative products to market and collaborate with healthcare providers to address unmet clinical needs.

Neurological device implantation and in-vitro diagnostic testing are also seeing advancements, with precision medicine devices and machine learning algorithms driving diagnostic accuracy. In the realm of diabetes management systems, remote patient monitoring and wearable health trackers are transforming care delivery. Respiratory device performance and drug delivery systems are being optimized for better patient outcomes. Advanced wound care and rehabilitation device technology are also making strides, with connected medical devices and telemedicine platforms facilitating remote care. The market for implantable devices, such as orthopedic implants, is expected to grow at a steady pace, driven by improvements in implantable device design and device cybersecurity standards.

Biomedical device sterilization methods continue to evolve, ensuring patient safety and reducing the risk of infection. A notable example of market dynamism is the integration of health data analytics into clinical trial protocols and patient safety protocols, streamlining research and improving patient care. Overall, the market is characterized by continuous innovation and adaptation to meet the evolving needs of healthcare providers and patients.

How is this Medical Devices Industry segmented?

The medical devices industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

End-user

  Hospitals and ASCs
  Clinics
  Others


Product Type

  Diagnostic devices
  Therapeutic devices
  Monitoring devices
  Assistive and rehabilitation devices
  Others


Application

  Cardiovascul

Refurbished Medical Equipment Market size is expected to reach US$ 42.7 Billion by 2034, from US$ 16.6 Billion in 2024, at a CAGR of 9.9%.

The Durable Medical Equipment Market Report Segments the Industry Into by Device Type (Personal Mobility Devices, and More), by End-User (Hospitals & Clinics, Home Healthcare Setting, and More), Distribution Channel (Hospital & Clinic Pharmacies / DME Suppliers, Retail Pharmacies & DME Stores, and More), Mode of Acquisition (Rental, Purchase), and Geography. The Market Sizes and Forecasts are Provided in Terms of Value (USD).

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US Durable Medical Equipment Market Size 2024-2028

The US durable medical equipment market size is forecast to increase by USD 18.63 billion, at a CAGR of 5.6% between 2023 and 2028.

The Durable Medical Equipment (DME) market in the US is experiencing significant growth, driven by the expanding geriatric population and increasing patient preference for at-home medical treatment. The aging demographic trend is fueling demand for DME as the elderly population often requires more medical equipment and supplies to maintain their health and independence. Furthermore, the convenience and cost savings associated with at-home care are leading more patients to opt for DME solutions instead of institutionalized care. However, the DME market faces challenges that could hinder its growth. The high cost of durable medical equipment is a significant obstacle, making it difficult for some patients to afford necessary devices. Popular categories within the DME market include power scooters, oxygen equipment, walkers, wheelchairs, hospital beds, catheters, support braces, CPAP masks, and various other medical devices used in the treatment of conditions such as cancer and cardiac disorders.
Additionally, regulatory compliance and reimbursement policies pose challenges for market participants, requiring them to navigate complex regulations and ensure proper documentation to secure payment for their products and services. Companies seeking to capitalize on market opportunities must address these challenges by offering affordable pricing models, focusing on regulatory compliance, and providing exceptional customer service to ensure patient satisfaction and repeat business.

What will be the size of the US Durable Medical Equipment Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2018-2022 and forecasts 2024-2028 - in the full report.
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The Durable Medical Equipment (DME) market in the US is characterized by a focus on medical device safety, quality assurance systems, and regulatory compliance. Patient education materials and risk management strategies are essential components of ensuring safe and effective use of DME. Medical device testing and data privacy regulations play a critical role in maintaining trust with patients and healthcare providers. Wearable medical sensors and device interoperability are driving innovation in the DME sector, enabling better patient outcome measures and value-based healthcare. Medical equipment rental, including oxygen concentrators and home infusion therapy, offers cost-effective solutions for patients requiring long-term care.
Supply chain efficiency and infection control measures are key priorities for DME providers, with performance improvement initiatives and clinical documentation essential for maintaining regulatory compliance. Assistive technology, such as insulin pumps and wheelchair technology, is transforming the way patients manage their conditions at home. Medical device repair and cost-effectiveness studies are important considerations for healthcare providers seeking to optimize their DME investments. CPAP machines, enteral feeding pumps, bariatric equipment, and hospital bed systems are all subject to ongoing research and development to improve performance and patient satisfaction. Pressure ulcer prevention and medication adherence are critical areas of focus for DME providers, with equipment tracking systems and infection control measures essential for maintaining patient safety and quality of care.

How is this market segmented?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Product Type

  Monitoring and therapeutic devices
  Personal mobility devices
  Bathroom safety devices and medical furniture


End-user

  Hospitals and clinics
  Home healthcare
  Ambulatory surgical centers


Geography

  North America

    US

By Product Type Insights

The monitoring and therapeutic devices segment is estimated to witness significant growth during the forecast period.

In the dynamic and evolving landscape of medical devices, various sectors are experiencing significant growth and innovation. Orthopedic implants continue to advance, offering improved patient outcomes through enhanced materials and design. Data analytics in healthcare is revolutionizing diagnostics and treatment plans, enabling more personalized care. Sleep apnea therapy devices are gaining traction, addressing the growing prevalence of sleep disorders. Equipment lifecycle management is increasingly important, ensuring optimal performance and reducing healthcare costs. Diagnostic imaging devices, from MRI to CT scans, are essential tools in early detection and tre

Global Refurbished Medical Equipment Market Size, Share, Growth, Trend & Refurbished Medical Equipment Market Forecast 2027 By Type, By Application, By Source, By Company, By Region, Forecast & Opportunities,

Pages	110
Market Size
Forecast Market Size
CAGR
Fastest Growing Segment
Largest Market
Key Players

The global sales of homecare medical devices are estimated to be worth USD 172.6 billion in 2025 and are anticipated to reach a value of USD 403.4 billion by 2035.

Attributes	Key Insights
Historical Size, 2024	USD 158.5 billion
Estimated Size, 2025	USD 172.6 billion
Projected Size, 2035	USD 403.4 billion
Value-based CAGR (2025 to 2035)	8.9%

Semi Annual Market Update

Particular	Value CAGR
H1	9.6% (2024 to 2034)
H2	9.3% (2024 to 2034)
H1	8.9% (2025 to 2035)
H2	8.4% (2025 to 2035)

Country-wise Insights

Country	Value CAGR (2025 to 2035)
United States	2.3%
Germany	2.0%
Italy	2.5%
UK	4.6%
India	7.3%
China	6.8%

Category-wise Insights

Product	Value Share (2025)
Wheelchairs	57.4%

By Distribution Channel	Value Share (2025)
Online Retailers	39.5%

The medical devices market is projected to grow at a CAGR of 7% from 2025 to 2030, driven by technological advancements, a rapidly growing aging population, and the rising prevalence of chronic diseases. Key factors fueling growth include increased healthcare expenditure, expansion of minimally invasive procedures, and rising adoption of digital health solutions like wearable […]

Published on: March 16, 2020

The global durable medical equipment (DME) market size reached USD 228.93 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 370.38 Billion by 2033, exhibiting a growth rate (CAGR) of 5.05% during 2025-2033.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 228.93 Billion
Market Forecast in 2033	USD 370.38 Billion
Market Growth Rate 2025-2033	5.05%

IMARC Group provides an analysis of the key trends in each sub-segment of the global durable medical equipment (DME) market report, along with forecasts at the global, regional and country level from 2025-2033. Our report has categorized the market based on product and end use.

U.S. Durable Medical Equipment Market size & share estimated to surpass USD 218.68 Billion by 2032, to grow at a CAGR of 7.4% during the forecast period.

North America Medical Equipment market size was estimated at USD 25432.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.2% from 2024 to 2031.

In 2023, it was estimated that Australia's medical device market was valued at **** billion U.S. dollars. The market size is the total local production and imports minus exports.

Europe Medical Equipment market size was estimated at USD 19074.36 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.5% from 2024 to 2031.

The Refurbished Medical Equipment Market size is expected to reach a valuation of USD 31.29 billion in 2033 growing at a CAGR of 8.0%. The Refurbished Medical Equipment Market research report classifies Market by share, trend, demand, forecast and based on segmentation.

The global medical equipment maintenance market is approximated at a value of US$ 47.8 billion in 2024 and is forecasted to expand at a CAGR of 7.5% to reach US$ 98.6 billion by 2034-end.

Report Attribute	Detail
Medical Equipment Maintenance Market Size (2024E)	US$ 47.8 Billion
Forecasted Market Value (2034F)	US$ 98.6 Billion
Global Market Growth Rate (2024 to 2034)	7.5% CAGR
South Korea Market Value (2034F)	US$ 5.3 Billion
Surgical Instrument Demand Growth Rate (2024 to 2034)	8.4% CAGR
Key Companies Profiled	Canon Medical Systems Corporation; Zimmer Biomet; General Electric; Koninklijke Philips N.V.; Siemens Healthcare GmbH; Medtronic; Carestream Health; Shimadzu Corporation; Agfa-Gevaert HealthCare; Olympus Corporation; Boston Scientific Corporation; Viatronix, Inc.; Terarecon, Inc.; Agenor Mantenimientos; Hoya Corporation; Smith+Nephew; Richard Wolf GmbH; KARL STORZ.

Country-wise Analysis

Attribute	United States
Market Value (2024E)	US$ 5.1 Billion
Growth Rate (2024 to 2034)	7.9% CAGR
Projected Value (2034F)	US$ 10.9 Billion

Attribute	Japan
Market Value (2024E)	US$ 3.1 Billion
Growth Rate (2024 to 2034)	8% CAGR
Projected Value (2034F)	US$ 6.7 Billion

Category-wise Analysis

Attribute	Imaging Equipment
Segment Value (2024E)	US$ 13.7 Billion
Growth Rate (2024 to 2034)	7.6% CAGR
Projected Value (2034F)	US$ 28.5 Billion

The global implantable medical devices market size reached USD 141.3 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 209.1 Billion by 2033, exhibiting a growth rate (CAGR) of 4.5% during 2025-2033. The rising prevalence of chronic diseases, increasing demand for smaller, more advanced implantable medical devices, and growing integration of digital health technologies and connectivity features in implantable devices are some of the key factors driving the growth of the market.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 141.3 Billion
Market Forecast in 2033	USD 209.1 Billion
Market Growth Rate 2025-2033	4.5%

IMARC Group provides an analysis of the key trends in each segment of the global implantable medical devices market report, along with forecasts at the global and regional levels from 2025-2033. Our report has categorized the market based on product type, material and end-user.

Medical Device and Equipment Market Outlook

The global medical device and equipment market size was valued at USD 461.8 billion in 2023 and is projected to reach USD 798.6 billion by 2032, growing at a CAGR of 6.3% from 2024 to 2032. This growth is driven by advancements in medical technology, rising prevalence of chronic diseases, and increasing healthcare expenditures worldwide.

One of the primary growth factors is the rapid technological advancements in medical devices and equipment. Innovations such as AI-powered diagnostic tools, minimally invasive surgical instruments, and next-generation imaging systems are significantly improving patient outcomes and operational efficiencies. Companies are investing heavily in R&D to develop devices that are more accurate, efficient, and user-friendly. For instance, the integration of artificial intelligence and machine learning in diagnostic imaging and patient monitoring devices has allowed for quicker and more accurate diagnoses, thereby driving market growth.

Another significant growth driver is the increasing prevalence of chronic diseases globally. Conditions such as diabetes, cardiovascular diseases, and cancer are seeing a rise, necessitating advanced medical devices for effective management and treatment. The aging global population further exacerbates this trend, as elderly individuals are more prone to chronic conditions and require continuous medical care. This surge in demand for medical devices is not just confined to developed nations but is also increasingly noticeable in emerging markets, where healthcare infrastructure is rapidly improving.

The role of Medical Technology in the healthcare industry cannot be overstated. It encompasses a wide range of innovations that have transformed patient care and medical practices. From advanced imaging systems that provide detailed insights into the human body to sophisticated surgical instruments that enable precision in operations, medical technology is at the forefront of healthcare advancements. It also includes telemedicine solutions that allow for remote consultations and monitoring, making healthcare more accessible to people in remote areas. The integration of medical technology into healthcare systems has led to improved patient outcomes, reduced healthcare costs, and enhanced operational efficiencies. As the demand for high-quality healthcare services continues to rise, the importance of medical technology in meeting these demands is increasingly evident.

Additionally, the rising healthcare expenditures across the globe are propelling the market forward. Governments and private sectors are continuously increasing their investments in healthcare infrastructure to provide better services to their populations. These investments are particularly noticeable in developing countries in Asia and Latin America, where healthcare systems are undergoing significant transformations. Enhanced healthcare funding is facilitating the procurement of advanced medical devices and equipment, which, in turn, is driving the market growth.

In terms of regional outlook, North America remains the largest market for medical devices and equipment, driven by high healthcare spending, a robust healthcare infrastructure, and rapid adoption of advanced technologies. However, the Asia Pacific region is expected to witness the highest growth rate during the forecast period. Factors such as rising healthcare expenditures, improving healthcare infrastructure, and increasing awareness and adoption of advanced medical technologies are driving the market in this region. Countries like China and India are leading this growth with significant investments in healthcare and technology sectors.

Product Type Analysis

The medical device and equipment market can be segmented by product type into diagnostic imaging, patient monitoring, surgical instruments, orthopedic devices, cardiovascular devices, and others. Each of these segments plays a crucial role in the overall healthcare delivery system and has its unique set of growth drivers and challenges. Diagnostic imaging devices, such as MRI, CT scans, and X-rays, are essential tools in medical diagnosis. The increasing prevalence of chronic diseases and advancements in imaging technology are driving the demand for these devices. For example, the development of portable imaging devices allows for bedside diagnostics, thereby improving patient care and reducing hospital stay durations.

Patient m