Durable Medical Equipment Market size is valued at USD 208.71 Billion in 2022 and is forecast to grow at a CAGR of 6.1% from 2023 to 2029, reaching nearly USD 315.90 Billion.
Durable Medical Equipment Market Research Methology :
The Durable Medical Equipment Market report offers a thorough analysis of the opposition, together with information on market share and company profiles for the leading foreign rivals. The scope of the study includes a full examination of the Durable Medical Equipment Market as well as the factors prompting regional variations in the growth of the sector.
The research conducted offers a comprehensive evaluation of the global Durable Medical Equipment market, encompassing aspects such as market size, growth, supply and demand dynamics, market share, innovations, and recent developments. This valuable information, presented through statistics, tables, and figures, serves as a strategic planning resource for key stakeholders in the Durable Medical Equipment industry, enabling them to drive organizational success. The Durable Medical Equipment market report encompasses an extensive analysis of prominent industry players, including their Company Profile, Revenue, Product Specifications, Production Capacity/Sales, Price, and Gross Margin Sales.
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Segmentation:
By Technology, the Durable Medical Equipment Market is segmented into Traditional and Technologically advanced. The traditional segment is the largest segment of the DME market with share of over 55%. The segment includes products that have been in use for many years which are walkers, wheelchairs and oxygen concentrators. The technologically advanced segment is the second largest segment with share of over 45%. The segment includes products that are newer and use advanced technology such as insulin pumps, continuous glucose monitors and sleep apnea machines.
By Product Type, the Durable Medical Equipment Market is segmented into Mobility aids, Medical supplies and Other. The mobility aids segment is the largest segment of the DME market with share of over 35%. The segment includes products such as walkers, wheelchairs and scooters. The medical supplies segment is the second largest segment with share of over 30%. The segment includes products such as blood pressure monitors, insulin pumps and oxygen concentrators. The other products segment includes products such as hospital beds, patient lifts and wound care supplies.
by Technology
Traditional
Technologically advanced
by Product Type
Mobility aids
Medical supplies
Other
Durable Medical Equipment Market Key Players:
1. Medtronic
2. Philips Healthcare
3. ResMed Inc.
4. Hill-Rom Holdings, Inc.
5. Stryker Corporation
6. Becton, Dickinson and Company (BD)
7. Invacare Corporation
8. 3M Healthcare
9. GE Healthcare
10. Baxter International Inc.
11. Smith & Nephew
12. Abbott Laboratories
13. Johnson & Johnson
14. Fresenius Medical Care
15. Cardinal Health, Inc.
16. Zimmer Biomet Holdings, Inc.
17. Boston Scientific Corporation
18. Siemens Healthineers
19. Teleflex Incorporated
20. Halyard Health, Inc.
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Regional Analysis:
The regional market research analysis of Durable Medical Equipment includes a comprehensive examination of the specific market driving forces and the impact of changes in market laws on current and future market trends. The analysis also focuses on studying current and upcoming trends to evaluate the overall market potential and identify profitable patterns that can contribute to a stronger market foundation. The assessment of the geographic market is based on an understanding of the present market environment and anticipated trends.
Key Questions Answered in the Durable Medical Equipment Market Report are:
- Which market segment accounted for the most percentage of Durable Medical Equipment in 2022?
- How competitive is the market environment?
- What are the primary factors influencing the Durable Medical Equipment market’s growth?
- Which region dominates the Durable Medical Equipment market in terms of market share?
- What will be the market’s expected CAGR from 2023 to 2029?
Key Offerings:
- A detailed Market Overview
- Market Share, Size & Forecast by Revenue | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by segments and sub-segments
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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