The latest study conducted by Emergen Research, titled ‘Global Durable Medical Equipment Market,’ delves into the core of the global Durable Medical Equipment market. The report delineates the pivotal aspects of this market, shedding light on the most prominent market growth possibilities and challenges. The report is primarily targeted at the Durable Medical Equipment industry participants and stakeholders that can capitalize on the contents of this report and make informed business decisions during 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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Competitive Landscape and Durable Medical Equipment Market Share Analysis
The report elaborates on various national and international business development prospects and explains the competitive landscape of the global Durable Medical Equipment market. The market size estimation and forecasts have been detailed in this report. The authors have studied the historical background of the Durable Medical Equipment market, keeping in mind the organic and inorganic growth prospects and threats for the market. Thus, the latest report offers precise estimates of the global market size for the forecast period.
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
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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The report comprises an exhaustive overview of the Durable Medical Equipment market, focusing on its leading players and their lucrative business expansion initiatives. It provides the reader with essential conclusive data and information concerning the Durable Medical Equipment market’s growth, assessed on both regional and global levels. Hence, the sample copy of the ‘Global Durable Medical Equipment Market’ research report is inclusive of a brief analysis of the Durable Medical Equipment industry, the competitive landscape, regional overview, technological innovation, and future market developments, which are based on a practical research methodology.
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)
End-Use Outlook (Revenue, USD Billion; 2018–2028)
- Long Term Care Centers
- Home Care Settings
- Ambulatory Surgical Centers
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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.
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
- Asia Pacific
- Latin America
- Middle East & Africa
Key Coverage of the Report:
- Detailed scrutiny of the latest market trends, including drivers, opportunities, threats, constraints, challenges, and future investment prospects.
- Market segmentation by deployment type, authentication type, component, organization size, industry vertical .
- Regional and country-wise market size estimation for the forecast period (2020-2028).
- Pricing strategies of the regional market players.
- Demand & supply gap analysis.
- Competitive landscape analysis.
- Market share analysis of the top market players.
- Strategic recommendations for new market entrants.
- Company profiling of the leading market players.
- Brief summary of the key strategies, financial positions, and recent developments of the leading companies.
Reasons for Doing This Study
This study provides critical information on the global market’s current size and projected growth for Durable Medical Equipment and its related industries. It also discusses geography’s market characteristics, significant suppliers, consumer preference trends, and market prospects. As many countries are in a recession, firms are attempting to weather the storm by limiting unanticipated losses and spending related to the Durable Medical Equipment market.
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Key Highlights of the Global Durable Medical Equipment Market Report:
- Location Quotients Analysis
- Raw Material Sourcing Strategy
- Product Mix Matrix
- Supply chain optimization analysis
- Patent Analysis
- R&D Analysis
- Carbon Footprint Analysis
- Pre-commodity pricing volatility
- Cost-Benefit Analysis
- Regional demand estimation and forecast
- Competitive Analysis
- Vendor Management
- Mergers & Acquisitions
- Technological advancements
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