The latest research report on the Durable Medical Equipment Market delves into the growth opportunities and development trends that are expected to shape the market up until 2031. This report offers an in-depth analysis of the market’s driving factors and challenges, utilizing both qualitative and quantitative research methodologies. Through this report, businesses can gain valuable insights into the market landscape and make informed decisions about their strategies and potential areas of growth.
Global Durable Medical Equipment Market is valued approximately USD 191.4 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 6.30 % over the forecast period 2022-2028.
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What are Durable Medical Equipment and their primary function?
Durable Medical Equipment is a type of medical equipment’s that is intended to last for more than one use, oftentimes is intended to last for months or even years. The durable medical equipment’s mainly used in the home to aid in a better quality of living. The increasing prevalence of chronic diseases requiring long term care, increasing geriatric population drive the adoption of Durable Medical Equipment across the forecast period. For Instance according to World Health organization estimates- as of 2021, around 41 million people lost their lives due to Noncommunicable diseases (NCDs), which accounted for 71% of all deaths globally. Moreover, more than 15 million people die from a NCD between the ages of 30 and 69 years. Around 85% of these premature deaths occurred in low- and middle-income countries. Further, increasing penetration of home healthcare services and staff drivers the market growth of Durable Medical Equipment market. Also, with the introduction of technologically advanced product with supreme patient comfort and is likely to increase the market growth during the projected period. However, stringent regulatory requirements related to medical supplies impedes the growth of the market over the forecast period of 2022-2028.
The key regions considered for the Global Durable Medical Equipment Market study includes Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world due to presence of leading manufacturers and quick adoption of advanced products. Whereas, Asia-Pacific is also anticipated to exhibit highest CAGR over the forecast period 2022-2028. Factors such as rising the target population base with increasing chronic diseases, the need for medical equipment by the patients and supportive government initiatives create lucrative growth prospects for the Durable Medical Market across Asia-Pacific region.
Major market players included in this report are:
- ArjoHuntleigh
- Stryker Corporation
- Hill Rom, Inc.
- Drive Medical
- GF Health Products, Inc.
- Sunrise Medical.
- Medline Industries, Inc
- Carex Health Brands, Inc.
- Siemens Healthcare GmbH
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Product:
Personal Mobility Devices
Bathroom Safety Devices and Medical Furniture
Monitoring and Therapeutic Devices
By End-user:
Hospitals
Nursing Homes
Home Healthcare
Other End-user
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
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This report covers several key questions related to the global Durable Medical Equipment market, including:
- What can be expected for the Durable Medical Equipment market in the next decade?
- What are the primary drivers of growth in the global Durable Medical Equipment market?
- Which technologies are likely to experience the most rapid growth, both by market and region?
- How do opportunities within the Durable Medical Equipment market vary based on the size of the end market?
- What is the breakdown of Durable Medical Equipment by type and application?
- How have recent events such as the COVID-19 pandemic and the Russia-Ukraine conflict impacted the Durable Medical Equipment market?
The Key Points Covered in the Table of Contents:
Overview: This section provides a concise summary of the report, offering a high-level understanding of the global Durable Medical Equipment Market. It serves as an introduction, providing insights into the nature and contents of the research study.
Market Analysis: The research study accurately and reliably forecasts the market share of key segments within the Durable Medical Equipment Market. This analysis enables industry participants to make strategic investments in the significant growth areas of the Food Container Market.
Analysis of Leading Players’ Strategies: Market participants can utilize this report to gain a competitive advantage over their rivals in the Durable Medical Equipment Market. It offers an in-depth analysis of the strategies employed by leading players, enabling others to develop effective strategies and stay ahead in the market.
Regional Growth Analysis: The report covers all major regions and countries relevant to the Durable Medical Equipment Market. The regional analysis facilitates market players in identifying untapped regional markets, devising unique regional strategies, and comparing the growth patterns across different regions.
Market Forecasts: Purchasers of this report gain access to precise and validated estimations of the overall market size in terms of both value and volume. The study also includes comprehensive forecasts for consumption, production, sales, and other pertinent factors related to the Durable Medical Equipment Market.
Our Durable Medical Equipment Market Report is a comprehensive analysis of the market, providing valuable insights for businesses looking to invest in this industry.
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