The research report provides an in-depth evaluation of the Global Durable Medical Equipment market drivers and restraints Market and helps the market participants intensify their footprints in the industry. The report gives a detailed analysis concentrated on the critical market dynamics such as drivers, restraints, trends, and growth opportunities to assist businesses to prepare for any challenges they might encounter in the forecast period.
The global durable medical equipment market size reached USD 192.93 Billion in 2020 and is expected to register a CAGR of 5.8% during the forecast period. Robust market revenue growth is driven to a significant extent by increasing number of hospitals, surgical and outpatient services, and elderly care homes, major prevalence of cardiac disorders, cancer, ophthalmic ailments, neurological conditions, and gynecological disease, rising aging population, rapid technological advancements, and availability of better healthcare coverage and reimbursement plans. Medical equipment can be categorized into two types; disposable medical equipment and durable medical equipment, also known as home medical equipment or non-disposable equipment. Durable medical equipment is designed to provide certain therapeutic benefits to individuals with a medical condition or illness. These are reusable and can be used for an extended period of time. Durable medical equipment can be classified into personal mobility devices, temporary hospital-grade equipment, monitoring, and therapeutic devices. Personal mobility devices provide mobility to persons who are unable to move or walk or have mobility-related challenges. This category includes scooters, wheelchairs, walkers, crutches, and canes. Monitoring and therapeutic equipment segment includes oxygen equipment, vital sign monitors, blood glucose analyzers, infusion pumps, and continuous positive airway pressure devices.
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The major companies Covered in the report are:
Invacare Corporation, GE Healthcare, Stryker Corporation, Hill Rom, Inc., Drive Medical, GF Health Products, Inc., Sunrise Medical, Medline Industries, Inc., Carex Health Brands, Inc., and Intco Medical
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Highlights of Global Durable Medical Equipment Market Report
- Examines the Durable Medical Equipment industry prospects and quickly compares historical, current, and projected market figures.
- This report examines growth constraints, market drivers and challenges, and current and prospective development prospects.
- Key market participants are evaluated based on various factors, including revenue share, price, regional growth, and product portfolio, to demonstrate how market shares have changed in the past and are expected to change in the future.
- Describes the expansion of the global high purity isobutylene market across various industries and geographies. This allows players to concentrate their efforts on regional markets with the potential for rapid growth shortly.
- Discuss the global, regional, and national ramifications of COVID-19.
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Segments Covered in this report are:
- Product Type Outlook (Revenue, USD Billion; 2018–2028)
- Bathroom Safety Devices and Medical Furniture
- Personal Mobility Devices
- Monitoring and Therapeutic Devices
- Payer Outlook (Revenue, USD Billion; 2018–2028)
- Private
- Public
- Out-of-Pocket
- End-Use Outlook (Revenue, USD Billion; 2018–2028)
- Clinics
- Hospitals
- Long Term Care Centers
- Home Care Settings
- Ambulatory Surgical Centers
- Others
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The report also provides an extensive analysis of the key market elements, such as drivers, constraints, opportunities, limitations, threats, and micro and macro-economic factors. The exhaustive SWOT analysis, Porter’s Five Forces analysis, feasibility analysis, and investment return analysis included in the report are intended to help the reader tactfully formulate business growth strategies. Strategic recommendations for the established market players assist them in fortifying their financial positions in the market.
Geographical Scenario:
The global Durable Medical Equipment market has been categorized into several important geographical regions. In this section, authors of the report have studied the presence of the global Durable Medical Equipment market across major geographies. Moreover, the estimated market share, market size, revenue contribution, sales network and distribution channel, and other crucial elements of each regional segment have been detailed in the report.
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East Africa
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