Durable Medical Equipment Market Analysis by Size, Business Strategies, Share, Growth, Trends, Revenue, Competitive Landscape and Developments Forecast by 2028
The global durable medical equipment market size is expected to reach USD 305.17 Billion in 2028 at a steady CAGR over the forecast period, according to latest analysis by Emergen Research.
Increasing number
of disabled care centers and surgical and outpatient services, hospital, and
elderly care homes, and major prevalence of cancer, ophthalmic ailments,
cardiac disorders, neurological conditions, and gynecological disorders,
coupled with rapidly increasing geriatric population, continuous technological
advancements in medical equipment manufacturing are some major factors boosting
revenue growth of the global durable medical equipment market. Durable medical
equipment is designed to manage various medical conditions, illnesses, and
offer therapeutic benefits and convenience to patients.
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The report
further studies the key companies operating in the industry and their company
profiles, product portfolio, expansion strategies, and strategic alliances such
as mergers and acquisitions, collaborations, and joint ventures, among others.
It also offers insights into their market reach and global position, along with
highlights about their achievements and financial standings.
Some major companies in the global market report include
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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Key Findings
From the Report:
In February 2021, InfuSystem acquired FilAMed. This acquisition will help
InfuSystem to broaden and enhance its biomedical services offerings within its
DME platform and provide the opportunity for the company to enter into the
acute care market.
Hospital segment accounted for major revenue share among the other
end-use segments in the global market in 2020. Rising number of hospitals and
development in hospital infrastructure are the key factors driving revenue
growth in this segment.
Asia Pacific is expected to register the fastest CAGR throughout the
forecast period, which can be attributed to rapid development in medical
infrastructure, growing investment in medical equipment manufacturing, and
rising adoption of advanced medical equipment.
Regional
Overview:
The global Durable Medical Equipment market has been categorized on the
basis of key geographical regions into North America, Asia Pacific, Europe,
Latin America, and Middle East & Africa. It evaluates the presence of
the global Durable Medical Equipment market in the major regions with regards
to market share, market size, revenue contribution, sales network and
distribution channel, and other key elements.
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Emergen Research has segmented the global durable medical equipment
market based on product type, payers, end-use, and region:
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
Global Durable
Medical Equipment Market Report – Table of Contents:
Chapter 1 includes the global Durable Medical Equipment market
introduction, followed by the market scope, product offerings, growth
opportunities, market risks, driving forces, and others.
Chapter 2 broadly categorizes the Durable Medical Equipment market on the
basis of geography, and determines the sales, revenue, and market shares of
each region over the estimated period.
Chapter 3 elaborates on the competitive outlook of the Durable Medical
Equipment market, focusing on the major manufacturers and vendor landscape.
Chapter 4 exhaustively studies the key manufacturers of the Durable
Medical Equipment industry, along with their anticipated sales and revenue
shares.
Chapters 5 includes market segmentation based on product type,
application range, and market players.
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