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Europe Durable Medical Equipment Market, By Product Type (Personal Mobility Devices, Medical Furniture & Bathroom Safety Devices, Monitoring & Therapeutic Devices); By End User (Hospitals, ASCs, Home Care Settings); By Application (Orthopedics. Cardiovascular, Respiratory, Diabetes Care, Neurology); By Country (Germany, United Kingdom, Italy, France, Spain, Belgium, Russia, The Netherlands, Rest of Europe), Trend Analysis, Competitive Landscape & Forecast, 2019–2029
- Published Date: September 2023
- Report ID: BWC23733
- Available Format: PDF
- Page: 200
Report Overview
The rapidly aging population and growing prevalence of chronic diseases are projected to propel the expansion of the Europe durable medical equipment market during the forecast period between 2023 and 2029.
Europe Durable Medical Equipment Market - Industry Trends & Forecast Report, 2029
Europe durable medical equipment (DME) market size was estimated at USD 2.69 billion in 2022. During the forecast period between 2023 and 2029, the size of Europe durable medical equipment market is projected to grow at a CAGR of 8.7% reaching a value of USD 4.81 billion by 2029. Major growth drivers for the Europe durable medical equipment market include growing aging population, increased prevalence of chronic diseases, and rapid advancements in medical technology. Countries with well-developed healthcare systems and higher healthcare spending tend to have larger DME markets. Chronic diseases, such as diabetes, cardiovascular disorders, and respiratory conditions, continue to rise in Europe. Durable medical equipment plays a crucial role in managing these conditions and improving the quality of life for patients. The shift toward home-based care is driven by both patient preference and the need to reduce healthcare costs. DME enables patients to receive necessary medical care and monitoring in the comfort of their homes, fostering independence and reducing hospital stays. Another driving force is the adoption of telehealth and remote monitoring technologies has increased, especially due to the COVID-19 pandemic. DME that can connect to digital platforms enables healthcare providers to monitor patients remotely and make informed decisions about their care. Also, increasing patient and healthcare provider awareness about the benefits of DME for managing health conditions has contributed to market growth. Healthcare professionals are recognizing the value of durable medical equipment in improving patient outcomes.
Europe Durable Medical Equipment Market – Overview
Europe durable medical equipment (DME) market refers to the sector within the European healthcare industry that involves the production, distribution, and utilization of various medical devices and equipment designed for extended and repeated use by patients for medical purposes. These devices are prescribed by healthcare professionals to assist in the treatment, management, and improvement of various health conditions and disabilities. DME includes a wide range of products such as mobility aids, orthopedic devices, respiratory equipment, patient monitoring devices, and other durable medical devices that contribute to enhancing the quality of life, facilitating medical care, and promoting independence for individuals with health-related needs.
Europe Durable Medical Equipment Market
Growth Drivers
Increasing Prevalence of Chronic Diseases
The rising prevalence of chronic diseases across Europe is a key driver propelling the growth of the durable medical equipment (DME) market. As chronic conditions, such as diabetes, cardiovascular ailments, and respiratory disorders become more widespread, the demand for DME, including mobility aids, monitoring devices, and other medical equipment, surges. These tools play a pivotal role in managing and improving the quality of life for individuals affected by these conditions. The heightened need for effective disease management and enhanced patient care further underlines the significance of DME in addressing the evolving healthcare landscape across the European region.
Restraints
Stringent Regulations
Regulatory compliance requirements, such as the EU Medical Devices Regulation (MDR), introduce complexities and challenges for manufacturers in terms of product development, testing, and approval processes. This can result in increased costs and time-to-market delays. The stringent regulatory environment may hinder innovation and limit market entry for smaller players. However, while these regulations ensure patient safety and product quality, they also necessitate adaptation and resource allocation by manufacturers to navigate the regulatory landscape, impacting the overall market growth potential.
Impact of COVID-19 on Europe Durable Medical Equipment Market
COVID-19 pandemic had a mixed impact on the Europe durable medical equipment market. Initially, disrupted supply chains and manufacturing processes slowed operations. However, the crisis highlighted DME's significance in home healthcare and remote monitoring. Demand surged for disposable DME due to infection prevention needs. Telemedicine adoption soared, boosting sales of remote patient monitoring devices. Governments allocated resources to medical equipment, and regulatory flexibility expedited approvals. Economic uncertainties hindered purchasing power, leading to delayed non-essential acquisitions. Ultimately, the pandemic reshaped DME priorities, emphasizing patient safety, remote care capabilities, and readiness for future health crises.
Europe Durable Medical Equipment Market
Segmental Coverage
Europe Durable Medical Equipment Market – By Product Type
Based on product type, the Europe durable medical equipment market is divided into Personal Mobility Devices, Medical Furniture & Bathroom Safety Devices, and Monitoring & Therapeutic Devices segments. The medical furniture & bathroom safety devices segment is expected to hold the highest share in the Europe durable medical equipment market during the forecast period by product type. It can be attributed to the aging population's needs, fall prevention concerns, the trend toward home care, regulatory standards, medical rehabilitation requirements, growing awareness, technological advancements, and government support for accessible living solutions. These factors collectively underscore the significance of medical furniture and bathroom safety devices for both seniors and individuals with disabilities. Also, the medical furniture & bathroom safety devices include medical bed & mattress and commode & toilet. Meanwhile, the monitoring and therapeutic devices segment is expected to witness the fastest growth rate during the forecast period due to escalating demand for advanced medical technologies. Increasing prevalence of chronic diseases necessitates continuous patient monitoring and personalized treatment approaches. Technological innovations like wearable health trackers, remote patient monitoring systems, and smart therapeutic devices cater to these needs. Moreover, the pandemic accelerated telemedicine adoption, boosting the requirement for remote monitoring tools. Also, the monitoring and therapeutic devices segment include blood glucose monitor, oxygen equipment, vital sign monitor, and infusion pump. Amongst them, the vital sign monitor sub-segment is expected to dominate the market during the forecast period. It can be attributed to the rising diabetic patient population in the area. According to World Health Organization (WHO) estimations, diabetes-related fatalities are projected to double from 2005 to 2030 in this region.
Europe Durable Medical Equipment Market – By End User
On the basis of end user, the Europe durable medical equipment market is divided into Hospitals, ASCs, and Home Care Settings segments. The home care settings segment is expected to dominate the market by end use during the forecast period, due to a growing preference for receiving medical care in the comfort of one's home. Aging populations across European countries, advancements in home medical technologies, and the cost-effectiveness of home care contribute to this trend. Also, the COVID-19 pandemic highlighted the importance of minimizing hospital visits, further accelerating the shift toward home-based healthcare solutions. This has bolstered the demand for durable medical equipment tailored for home use, driving the prominence of the home care settings segment in the market.
Europe Durable Medical Equipment Market – By Application
Based on application, the Europe durable medical equipment market is divided into Orthopedics. Cardiovascular, Respiratory, Diabetes Care, and Neurology segments.
Europe Durable Medical Equipment Market – By Countries
The in-depth research report on the Europe durable medical equipment market covers markets across nine major countries across the region: Germany, the United Kingdom, Italy, France, Spain, Belgium, Russia, the Netherlands, and the Rest of Europe. Germany commands the largest share in the Europe durable medical equipment market. Its well-established healthcare infrastructure, substantial healthcare spending, and technological innovation facilitate access to advanced medical devices. The country's aging population drives demand for durable medical equipment, particularly for chronic disease management and elderly care. Germany's commitment to research and development also fosters the creation of cutting-edge medical devices. Favorable government policies and reimbursement systems further promote the adoption of durable medical equipment, solidifying Germany's leadership in the market.
Competitive Landscape
Major players operating in the Europe durable medical equipment market include Invacare Corporation, Hill-Rom Holdings Inc., Stryker Corporation, Medtronic plc, Becton, Dickinson and Company, Medline Industries Inc., Johnson & Johnson, Abbott Laboratories, Koninklijke Philips N.V., Siemens AG, General Electric Company, Arjo AB, DeVilbiss Healthcare LLC, Handicare Group AB, and Sunrise Medical. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
Recent Developments
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In July 2023 - Palliare obtained EU CE Mark certification for its EVA15 insufflator and smoke evacuation system under the new EU Medical Devices Regulation (MDR). Obtaining the EU CE Market certification positions EVA15 as one of the first devices meeting the updated regulatory requirements for medical equipment in Europe. The certification allows Palliare to immediately begin distributing its product in the European market.
Scope of the Report
|
Attributes |
Details |
|
Years Considered |
Historical Data – 2019–2022 |
|
Base Year – 2022 |
|
|
Estimated Year – 2023 |
|
|
Forecast Period – 2023–2029 |
|
|
Facts Covered |
Revenue in USD Billion |
|
Market Coverage |
Germany, United Kingdom, Italy, France, Spain, Belgium, Russia, The Netherlands, Rest of Europe |
|
Product/ Service Segmentation |
Product Type, End User, Application, Region |
|
Key Players |
Invacare Corporation, Hill-Rom Holdings Inc., Stryker Corporation, Medtronic plc, Becton, Dickinson and Company, Medline Industries Inc., Johnson & Johnson, Abbott Laboratories, Koninklijke Philips N.V., Siemens AG, General Electric Company, Arjo AB, DeVilbiss Healthcare LLC, Handicare Group AB, Sunrise Medical |
By Product Type
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Personal Mobility Devices
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Medical Furniture & Bathroom Safety Devices
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Monitoring & Therapeutic Devices
By End User
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Hospitals
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ASCs
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Home Care Settings
By Application
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Orthopedics
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Cardiovascular
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Respiratory
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Diabetes Care
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Neurology
By Country
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Germany
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United Kingdom
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Italy
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France
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Spain
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Belgium
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Russia
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The Netherlands
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Rest of Europe
- Research Framework
- Research Objective
- Product Overview
- Market Segmentation
- Executive Summary
- Europe Durable Medical Equipment Market Insights
- Industry Value Chain Analysis
- DROC Analysis
- Growth Drivers
- Aging population
- Prevalence of chronic diseases
- Restraints
- Stringent regulations
- Limited reimbursement
- Opportunities
- Emerging markets
- Technological advancements
- Challenges
- Technical support and training
- Market fragmentation
- Growth Drivers
- Technological Advancements/Recent Developments
- Regulatory Framework
- Porter’s Five Forces Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of New Entrants
- Threat of Substitutes
- Intensity of Rivalry
- Europe Durable Medical Equipment Market Overview
- Market Size & Forecast, 2019–2029
- By Value (USD Billion)
- Market Share & Forecast
- By Product Type
- Personal Mobility Devices
- Wheelchair
- Crutch and Cane
- Walker
- Others
- Medical Furniture and Bathroom Safety Devices
- Medical Bed and Mattress
- Commode and Toilet
- Others
- Monitoring and Therapeutic Devices
- Blood Glucose Monitor
- Oxygen Equipment
- Vital Sign Monitor
- Infusion Pump
- Others
- Personal Mobility Devices
- By End User
- Hospitals
- ASCs
- Home Care Settings
- By Application
- Orthopedics
- Cardiovascular
- Respiratory
- Diabetes Care
- Neurology
- By Country
- Germany
- United Kingdom
- Italy
- France
- Spain
- Belgium
- Russia
- The Netherlands
- Rest of Europe
- By Product Type
- Market Size & Forecast, 2019–2029
- Competitive Landscape
- List of Key Players and Their Range
- Europe Durable Medical Equipment Company Market Share Analysis, 2022
- Competitive Benchmarking, By Operating Parameters
- Key Strategic Development (Merger, Acquisition, Partnership)
- Impact of Covid-19 on Europe Durable Medical Equipment Market Industry
- Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook, SWOT Analysis)
- Invacare Corporation
- Hill-Rom Holdings Inc.
- Stryker Corporation
- Medtronic plc
- Becton, Dickinson and Company
- Medline Industries Inc.
- Johnson & Johnson
- Abbott Laboratories
- Koninklijke Philips N.V.
- Siemens AG
- General Electric Company
- Arjo AB
- DeVilbiss Healthcare LLC
- Handicare Group AB
- Sunrise Medica
- Other prominent players
- Key Strategic Recommendations
- Research Methodology
- Qualitative Research
- Primary & Secondary Research
- Quantitative Research
- Market Breakdown & Data Triangulation
- Secondary Research
- Primary Research
- Breakdown of Primary Research Respondents
- Assumption & Limitation
- Qualitative Research
*Financial information of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.
List of Figures
Figure 1 Europe Durable Medical Equipment Market Segmentation
Figure 2 Europe Durable Medical Equipment Market Value Chain Analysis
Figure 3 Company Market Share Analysis, 2022
Figure 4 Europe Durable Medical Equipment Market Size, By Value (USD Billion), 2019–2029
Figure 5 Europe Durable Medical Equipment Market Share, By Product Type, By Value, 2019–2029
Figure 6 Europe Durable Medical Equipment Market Share, By End User, By Value, 2019–2029
Figure 7 Europe Durable Medical Equipment Market Share, By Application, By Value, 2019–2029
Figure 8 Europe Durable Medical Equipment Market Share, By Country, By Value, 2019–2029
Figure 9 Germany Durable Medical Equipment Market Size, By Value (USD Billion), 2019−2029
Figure 10 Germany Durable Medical Equipment Market Share, By Product Type, By Value, 2019−2029
Figure 11 Germany Durable Medical Equipment Market Share, By End User, By Value, 2019−2029
Figure 12 Germany Durable Medical Equipment Market Share, By Application, By Value, 2019−2029
Figure 13 United Kingdom Durable Medical Equipment Market Size, By Value (USD Billion), 2019−2029
Figure 14 United Kingdom Durable Medical Equipment Market Share, By Product Type, By Value, 2019−2029
Figure 15 United Kingdom Durable Medical Equipment Market Share, By End User, By Value, 2019−2029
Figure 16 United Kingdom Durable Medical Equipment Market Share, By Application, By Value, 2019−2029
Figure 17 Italy Durable Medical Equipment Market Size, By Value (USD Billion), 2019−2029
Figure 18 Italy Durable Medical Equipment Market Share, By Product Type, By Value, 2019−2029
Figure 19 Italy Durable Medical Equipment Market Share, By End User, By Value, 2019−2029
Figure 20 Italy Durable Medical Equipment Market Share, By Application, By Value, 2019−2029
Figure 21 France Durable Medical Equipment Market Size, By Value (USD Billion), 2019−2029
Figure 22 France Durable Medical Equipment Market Share, By Product Type, By Value, 2019−2029
Figure 23 France Durable Medical Equipment Market Share, By End User, By Value, 2019−2029
Figure 24 France Durable Medical Equipment Market Share, By Application, By Value, 2019−2029
Figure 25 Spain Durable Medical Equipment Market Size, By Value (USD Billion), 2019−2029
Figure 26 Spain Durable Medical Equipment Market Share, By Product Type, By Value, 2019−2029
Figure 27 Spain Durable Medical Equipment Market Share, By End User, By Value, 2019−2029
Figure 28 Spain Durable Medical Equipment Market Share, By Application, By Value, 2019−2029
Figure 29 The Netherlands Durable Medical Equipment Market Size, By Value (USD Billion), 2019−2029
Figure 30 The Netherlands Durable Medical Equipment Market Share, By Product Type, By Value, 2019−2029
Figure 31 The Netherlands Durable Medical Equipment Market Share, By End User, By Value, 2019−2029
Figure 32 The Netherlands Durable Medical Equipment Market Share, By Application, By Value, 2019−2029
Figure 33 Belgium Durable Medical Equipment Market Size, By Value (USD Billion), 2019−2029
Figure 34 Belgium Durable Medical Equipment Market Share, By Product Type, By Value, 2019−2029
Figure 35 Belgium Durable Medical Equipment Market Share, By End User, By Value, 2019−2029
Figure 36 Belgium Durable Medical Equipment Market Share, By Application, By Value, 2019−2029
Figure 37 NORDIC Countries Durable Medical Equipment Market Size, By Value (USD Billion), 2019−2029
Figure 38 NORDIC Countries Durable Medical Equipment Market Share, By Product Type, By Value, 2019−2029
Figure 39 NORDIC Countries Durable Medical Equipment Market Share, By End User, By Value, 2019−2029
Figure 40 NORDIC Countries Durable Medical Equipment Market Share, By Application, By Value, 2019−2029
Figure 41 Rest of Europe Durable Medical Equipment Market Size, By Value (USD Billion), 2019−2029
Figure 42 Rest of Europe Durable Medical Equipment Market Share, By Product Type, By Value, 2019−2029
Figure 43 Rest of Europe Durable Medical Equipment Market Share, By End User, By Value, 2019−2029
Figure 44 Rest of Europe Durable Medical Equipment Market Share, By Application, By Value, 2019−2029
List of Tables
Table 1 Europe Durable Medical Equipment Market Share, By Product Type, By Value, 2019–2029
Table 2 Europe Durable Medical Equipment Market Share, By End User, By Value, 2019–2029
Table 3 Europe Durable Medical Equipment Market Share, By Application, By Value, 2019–2029
Table 4 Europe Durable Medical Equipment Market Share, By Country, By Value, 2019–2029
Table 5 Germany Durable Medical Equipment Market Size, By Value (USD Billion), 2019−2029
Table 6 Germany Durable Medical Equipment Market Share, By Product Type, By Value, 2019−2029
Table 7 Germany Durable Medical Equipment Market Share, By End User, By Value, 2019−2029
Table 8 Germany Durable Medical Equipment Market Share, By Application, By Value, 2019−2029
Table 9 United Kingdom Durable Medical Equipment Market Size, By Value (USD Billion), 2019−2029
Table 10 United Kingdom Durable Medical Equipment Market Share, By Product Type, By Value, 2019−2029
Table 11 United Kingdom Durable Medical Equipment Market Share, By End User, By Value, 2019−2029
Table 12 United Kingdom Durable Medical Equipment Market Share, By Application, By Value, 2019−2029
Table 13 Italy Durable Medical Equipment Market Size, By Value (USD Billion), 2019−2029
Table 14 Italy Durable Medical Equipment Market Share, By Product Type, By Value, 2019−2029
Table 15 Italy Durable Medical Equipment Market Share, By End User, By Value, 2019−2029
Table 16 Italy Durable Medical Equipment Market Share, By Application, By Value, 2019−2029
Table 17 France Durable Medical Equipment Market Size, By Value (USD Billion), 2019−2029
Table 18 France Durable Medical Equipment Market Share, By Product Type, By Value, 2019−2029
Table 19 France Durable Medical Equipment Market Share, By End User, By Value, 2019−2029
Table 20 France Durable Medical Equipment Market Share, By Application, By Value, 2019−2029
Table 21 Spain Durable Medical Equipment Market Size, By Value (USD Billion), 2019−2029
Table 22 Spain Durable Medical Equipment Market Share, By Product Type, By Value, 2019−2029
Table 23 Spain Durable Medical Equipment Market Share, By End User, By Value, 2019−2029
Table 24 Spain Durable Medical Equipment Market Share, By Application, By Value, 2019−2029
Table 25 The Netherlands Durable Medical Equipment Market Size, By Value (USD Billion), 2019−2029
Table 26 The Netherlands Durable Medical Equipment Market Share, By Product Type, By Value, 2019−2029
Table 27 The Netherlands Durable Medical Equipment Market Share, By End User, By Value, 2019−2029
Table 28 The Netherlands Durable Medical Equipment Market Share, By Application, By Value, 2019−2029
Table 29 Belgium Durable Medical Equipment Market Size, By Value (USD Billion), 2019−2029
Table 30 Belgium Durable Medical Equipment Market Share, By Product Type, By Value, 2019−2029
Table 31 Belgium Durable Medical Equipment Market Share, By End User, By Value, 2019−2029
Table 32 Belgium Durable Medical Equipment Market Share, By Application, By Value, 2019−2029
Table 33 NORDIC Countries Durable Medical Equipment Market Size, By Value (USD Billion), 2019−2029
Table 34 NORDIC Countries Durable Medical Equipment Market Share, By Product Type, By Value, 2019−2029
Table 35 NORDIC Countries Durable Medical Equipment Market Share, By End User, By Value, 2019−2029
Table 36 NORDIC Countries Durable Medical Equipment Market Share, By Application, By Value, 2019−2029
Table 37 Rest of Europe Durable Medical Equipment Market Size, By Value (USD Billion), 2019−2029
Table 38 Rest of Europe Durable Medical Equipment Market Share, By Product Type, By Value, 2019−2029
Table 39 Rest of Europe Durable Medical Equipment Market Share, By End User, By Value, 2019−2029
Table 40 Rest of Europe Durable Medical Equipment Market Share, By Application, By Value, 2019−2029
Table 41 Invacare Corporation Company Overview
Table 42 Invacare Corporation Financial Overview
Table 43 Hill-Rom Holdings Inc. Company Overview
Table 44 Hill-Rom Holdings Inc. Financial Overview
Table 45 Stryker Corporation Company Overview
Table 46 Stryker Corporation Financial Overview
Table 47 Medtronic plc Company Overview
Table 48 Medtronic plc Financial Overview
Table 49 Becton, Dickinson and Company Overview
Table 50 Becton, Dickinson and Company Financial Overview
Table 51 Medline Industries Inc. Company Overview
Table 52 Medline Industries Inc. Financial Overview
Table 53 Johnson & Johnson Company Overview
Table 54 Johnson & Johnson Financial Overview
Table 55 Abbott Laboratories Company Overview
Table 56 Abbott Laboratories Financial Overview
Table 57 Koninklijke Philips N.V. Company Overview
Table 58 Koninklijke Philips N.V. Financial Overview
Table 59 Siemens AG Company Overview
Table 60 Siemens AG Financial Overview
Table 61 General Electric Company Overview
Table 62 General Electric Company Financial Overview
Table 63 Arjo AB Company Overview
Table 64 Arjo AB Financial Overview
Table 65 DeVilbiss Healthcare LLC Company Overview
Table 66 DeVilbiss Healthcare LLC Financial Overview
Table 67 Handicare Group AB Company Overview
Table 68 Handicare Group AB Financial Overview
Table 69 Sunrise Medica Company Overview
Table 70 Sunrise Medica Financial Overview
Market Segmentation
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