North America Durable Medical Equipment Market, Size, Segment and Growth by Forecast Period: (2021-2031)

North America Durable Medical Equipment Market to Reach US$131 Billion by 2027, Growing at 6.7% CAGR

The North America durable medical equipment (DME) market is projected to expand from US$75.5 billion in 2018 to US$131 billion by 2027, growing at a CAGR of 6.7% from 2019 to 2027. Key drivers include the rising prevalence of chronic diseases, an aging population, and increasing road accidents. However, the high cost of therapeutic products and procedures may restrain market growth.

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Market Growth Fueled by Chronic Disease Burden

North America’s DME market is expanding due to the growing prevalence of cardiovascular diseases, sleep apnea, respiratory disorders, and diabetes. In Canada, heart disease is the second-leading cause of death after cancer. According to the Canadian Chronic Disease Surveillance System, 2.4 million adults (20+ years) had ischemic heart disease in 2012-2013, including 578,000 with a history of heart attacks. Additionally, 3.6% of Canadians aged 40+ live with heart failure.

Respiratory conditions like asthma and COPD are also on the rise. In 2016, 2.6 million Canadians (8.4% of those aged 12+) were diagnosed with asthma.

Strategic Industry Developments

From 2016 to 2019, key players adopted organic and inorganic growth strategies, including product launches, acquisitions, and partnerships. For example:

• In April 2019, Royal Philips launched the DreamWisp, a sleep apnea therapy device offering enhanced comfort and mobility.

U.S. Leads Market Growth

The U.S. is expected to be the fastest-growing DME market, driven by:

• Rising cardiovascular and lung disorders
• An aging population
• Increasing sleep apnea cases

With chronic diseases and an aging demographic fueling demand, the North American DME market is set for steady growth through 2027.

North America Durable Medical Equipment Strategic Insights

Strategic insights for the North America Durable Medical Equipment provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

Market leaders and key company profiles

  Invacare Corporation

  Medtronic

  BD

  Hillrom Services Inc

  Medical Depot, Inc

  GF HEALTH PRODUCTS, INC.

  Sunrise Medical (US) LLC

  Medline Industries, Inc.

  Koninklijke Philips N.V

  ResMed

North America Durable Medical Equipment Regional Insights

The geographic scope of the North America Durable Medical Equipment (DME) market defines the regions where businesses operate and compete. Recognizing regional differences—such as varying consumer needs (e.g., preferred plug types or battery backup requirements), economic conditions, and regulatory frameworks—is essential for customizing strategies to local markets. Companies can grow their presence by pinpointing underserved regions or adjusting their products to align with regional demands. A well-defined market focus enables more efficient resource allocation, localized marketing efforts, and stronger competitive positioning, ultimately driving expansion in targeted areas.


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Author’s Bio
Akshay
Senior Market Research Expert at Business Market Insights