Report Overview

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

• 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

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

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Executive Summary
3. Europe Durable Medical Equipment Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
         1. Aging population
         2. Prevalence of chronic diseases
      2. Restraints
         1. Stringent regulations
         2. Limited reimbursement
      3. Opportunities
         1. Emerging markets
         2. Technological advancements
      4. Challenges
         1. Technical support and training
         2. Market fragmentation
   3. Technological Advancements/Recent Developments
   4. Regulatory Framework
   5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
4. Europe Durable Medical Equipment Market Overview
   1. Market Size & Forecast, 2019–2029
      1. By Value (USD Billion)
   2. Market Share & Forecast
      1. By Product Type
         1. Personal Mobility Devices
            1. Wheelchair
            2. Crutch and Cane
            3. Walker
            4. Others
         2. Medical Furniture and Bathroom Safety Devices
            1. Medical Bed and Mattress
            2. Commode and Toilet
            3. Others
         3. Monitoring and Therapeutic Devices
            1. Blood Glucose Monitor
            2. Oxygen Equipment
            3. Vital Sign Monitor
            4. Infusion Pump
            5. Others
      2. By End User
         1. Hospitals
         2. ASCs
         3. Home Care Settings
      3. By Application
         1. Orthopedics
         2. Cardiovascular
         3. Respiratory
         4. Diabetes Care
         5. Neurology
      4. By Country
         1. Germany
         2. United Kingdom
         3. Italy
         4. France
         5. Spain
         6. Belgium
         7. Russia
         8. The Netherlands
         9. Rest of Europe
5. Competitive Landscape
   1. List of Key Players and Their Range
   2. Europe Durable Medical Equipment Company Market Share Analysis, 2022
   3. Competitive Benchmarking, By Operating Parameters
   4. Key Strategic Development (Merger, Acquisition, Partnership)
6. Impact of Covid-19 on Europe Durable Medical Equipment Market Industry
7. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook, SWOT Analysis)
   1. Invacare Corporation
   2. Hill-Rom Holdings Inc.
   3. Stryker Corporation
   4. Medtronic plc
   5. Becton, Dickinson and Company
   6. Medline Industries Inc.
   7. Johnson & Johnson
   8. Abbott Laboratories
   9. Koninklijke Philips N.V.
   10. Siemens AG
   11. General Electric Company
   12. Arjo AB
   13. DeVilbiss Healthcare LLC
   14. Handicare Group AB
   15. Sunrise Medica
   16. Other prominent players
8. Key Strategic Recommendations
9. Research Methodology
   1. Qualitative Research
      1. Primary & Secondary Research
   2. Quantitative Research
   3. Market Breakdown & Data Triangulation
      1. Secondary Research
      2. Primary Research
   4. Breakdown of Primary Research Respondents
   5. Assumption & Limitation

*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