SNS Insider says the market was valued at $257.22 billion in 2025, with growth linked to home healthcare demand, ageing populations, chronic disease prevalence, and connected monitoring devices.
The durable medical equipment market was valued at USD 257.22 billion in 2025 and is projected to reach USD 461.65 billion by 2035, expanding at a CAGR of 6.04% during 2026-2035, according to SNS Insider. The report says growth is being supported by rising demand for home healthcare, an expanding elderly population, increasing prevalence of chronic diseases, favorable reimbursement policies, and wider adoption of connected medical devices and remote patient monitoring technologies. Monitoring and therapeutic devices accounted for 38% of revenue in 2025, while respiratory equipment is forecast to post the fastest growth at around 7.9% through 2035. North America held 35% of global revenue in 2025, with the United States contributing around 82.47% of regional sales, and Asia Pacific was identified as the fastest-growing regional market. Recent developments cited in the report include Medtronic's 2024 partnership with BioIntelliSense on remote patient monitoring integration and Invacare Corporation's 2023 launch of the TDX SP2 power wheelchair with cloud-connected monitoring and remote programming features.