On benchtop/system applications long life usual too, as many of these meters are used for production lines QC/lab experiments and testing. And people who use them prefer not to change code/software written to older model without absolute need too, as their previous data may be incomparable with new code, etc.
Precision metrology-level DMMs, standards, calibrators often also have 30+ year design life, as their stability and issues are known and tested over very long periods with many different labs/people. Often calibration labs have magnitudes more money spent on calibration and testing their DMMs/gear than actual unit cost itself. That's exactly why meter like 3458A, designed in 1989 is still top notch model and available from Keysight even today with very minor design changes due to parts obsolescence.
Another reason, while electronics today is evolved a lot since 80's, most of that advancement happen on digital side. And DMM is instrument mostly depending on analog input front end quality. That part did not improved as much, not even close to justify need of scrapping old meters and getting new ones. Yea, modern DMMs may have fancy touchscreens, LAN/WiFi interfaces and LEDs everywhere, but actual analog performance and measurement accuracy of units designed back in 90's still often superior and PROVEN by decades.