Durable Medical Equipment Market Overview, Merger and Acquisitions, Business Opportunities, Segments and Industry Forecast By 2028
Durable Medical Equipment Market Size – USD
192.93 Billion in 2020, Market Growth – at a CAGR of 5.8%, Market Trend – Technological
advancements in medical equipment manufacturing
Durable medical equipment is segmented into personal mobility
devices, bathroom safety devices and medical furniture, monitoring, and
therapeutic devices. Personal mobility devices refer to devices that provide
mobility to users who are unable to move or walk. This category includes
scooters, wheelchairs, walkers, crutches, and canes. Personal mobility devices
segment accounted for the largest revenue share in the global market in 2020,
which can be attributed to increasing number of elderly patients, care centers,
and major prevalence of chronic disorders.
The Global Durable
Medical Equipment Market report assesses the historical and current data along
with a thorough analysis of the market dynamics. The report also sheds light on
the significant market growth driving and restraining factors that are
anticipated to influence the market growth through the forecast period.
To
access a sample copy of the report, click on the link: https://www.emergenresearch.com/request-sample/635
Key
Market Dynamics: The global Durable Medical Equipment
market research report details on the ongoing market trends, development
outlines, and several research methodologies. It illustrates the key factors
that directly manipulate the market, for instance, production strategies,
development platforms, and product portfolio. According to our researchers,
even minor changes within the product profiles could result in huge disruptions
to the above-mentioned factors. Each of these factors has been elaborately
discussed in the initial segment of the study.
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Some
Key Findings From the Report:
·
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.
·
Key
players operating in the market 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.
The findings of the
report explain various aspects of the market, such as market status,
developmental prospects, key regional segments, renowned market players,
product offerings, end-use industries.
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Geographical
Terrain of the Global Durable Medical Equipment Market:
·
North America
·
Europe
·
Asia Pacific
·
Latin America
·
Middle East & Africa
The
global Durable Medical Equipment market is segmented based on product types
offered in the market, their applications, end-user industries, different types
of technologies, and key regions of the market.
·
Product Type Outlook
(Revenue, USD Billion; 2018–2028)
o Bathroom
Safety Devices and Medical Furniture
o Personal
Mobility Devices
o Monitoring
and Therapeutic Devices
·
Payer Outlook (Revenue, USD Billion;
2018–2028)
o Private
o Public
o Out-of-Pocket
·
End-Use Outlook (Revenue,
USD Billion; 2018–2028)
o Clinics
o Hospitals
o Long
Term Care Centers
o Home
Care Settings
o Ambulatory
Surgical Centers
o Others
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Key
Questions You Asked:
·
What is the growth rate of the Durable
Medical Equipment market? What is the anticipated market valuation of the
Durable Medical Equipment industry by 2028?
·
What are the key growth driving and
restraining factors of the Durable Medical Equipment market?
·
Who are the prominent players operating in
the market? What are the key strategies adopted by these companies?
·
What are the key opportunities and growth
prospects of the Durable Medical Equipment industry over the forecast period?
·
Which region is expected to show
significant growth in the coming years?
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