PUBLISHER: Value Market Research | PRODUCT CODE: 1332678
PUBLISHER: Value Market Research | PRODUCT CODE: 1332678
The global demand for Durable Medical Equipment Market is presumed to reach the market size of nearly USD 339.21 BN by 2030 from USD 209.8 BN in 2022 with a CAGR of 6.19% under the study period 2023 - 2030.
Durable medical equipment (DME) refers to a category of medical devices and equipment that are designed for repeated or long-term use by individuals with medical conditions or disabilities. DME is intended to provide therapeutic benefits, assist in daily activities, or aid in the management of medical conditions. These devices are typically prescribed by healthcare professionals and are meant to withstand regular use over an extended period of time.
The durable medical equipment (DME) market was driven by several key factors. The ageing global population and the prevalence of chronic diseases led to increased demand for DME, which assists individuals in managing their health conditions and mobility challenges. The trend towards home healthcare, supported by technological advancements, allowed patients to receive medical care and monitoring in the comfort of their homes, boosting the need for user-friendly and connected DME. Surgical procedures also contributed to demand, as post-operative care often involves the use of mobility aids and orthopedic devices. Healthcare cost containment strategies, expanding insurance coverage, and supportive regulatory environments facilitated greater accessibility to DME. Patients' desire for empowerment and active health management, as well as innovations in design and functionality, further fueled the market. Increased awareness of DME's benefits and its integral role in rehabilitation and elderly care settings also played a role.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of durable medical equipment. The growth and trends of durable medical equipment industry provide a holistic approach to this study.
This section of the durable medical equipment market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Durable Medical Equipment market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Durable Medical Equipment market include Invacare Corporation, ArjoHuntleigh, Stryker Corporation, Hill Rom Inc., Drive Medical, GF Health Products Inc., Sunrise Medical, Medline Industries, Carex Health Brands Inc, Becton, Dickinson and Company, General Electric Company, Medtronic PLC, Compass Health Brands, Getinge AB, Resmed Inc. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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