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Durable Medical Equipment Market Report- Global Strategic Analysis, Size, Share, Trend, and Forecast (2022-2029)
The global Durable Medical Equipment market was valued at USD 196.4 billion in 2021 and is projected to reach USD 317.79 billion in 2029, at a Compound Annual Growth (CAGR) of 6.2% during the forecast period 2022-2029.
The global Durable Medical Equipment market has witnessed eminent growth since the pandemic as the world has turned up to look for better health facilities and take more measures for better health, which is turning up all the opportunities in different regions across the world. North America and Asia Pacific have always been the centre of attraction for medical assistance which is expected to project growth in the global Durable Medical Equipment market in the upcoming years. With attractive R&D facilities and inorganic growth strategies, companies are bolstering their growth and expansion across the world.
Global Durable Medical Equipment Market Overview
The global Durable Medical Equipment demand is dependent on the growth of chronic diseases, locations, quality of life, government facilities, and some more factors. The possession of medical insurance is one of the major booms for low-income level people and the type of R&D done by major companies to manufacture better and affordable Durable Medical Equipment is one of the keys to the growth of this industry. Additionally, the increasing geriatric population and the type of investment done on Durable Medical Equipment are immense which is contributing hugely towards human wellbeing and the times to come.
Durable Medical Equipment Market Report Outlook
The Durable Medical Equipment market report focuses on different aspects regarding the phase of Durable Medical Equipment, and the different designs of those Durable Medical Equipment. The research analyses the different designs, and End Users of the product to obtain a better understanding of the growth and trends of the market since 2019 which also facilitates the estimation of the upcoming growth of the market in the next 7 years.
Durable Medical Equipment Market Competitive Landscape
The Durable Medical Equipment Market report also holds competitive analysis which can be used to differentiate different designs of trials; technologies used in conducting the trials; prices; innovation in R&D; patents; organic and inorganic growth strategies; financial analysis to determine the revenue generation and other key aspects of the finance; new partnership, joint ventures, collaborations, and acquisitions; market share of the top competitors in the market; and understand the growth strategies being undertaken by these major players to analyse the future market trends.
Durable Medical Equipment Market Regional Analysis
The market synopsis will also cover the regional dynamics and growth prospects which would include regions- North America, Asia Pacific, Europe, Latin America, Middle East, and Africa. These regions will be analysed per country based on market drivers, restraints, opportunities, and trends to get a closer view of the market studied.
Moreover, the introduction of AI in the healthcare sector is driving the agility of medical management and focusing more on the patient experience, which in turn escalates the demand for better medical facilities across the developed countries in the world. Scrutinizing these factors for the countries is expected to enhance the value chain of the Durable Medical Equipment market and aid us with better insights about the same.
Durable Medical Equipment Market In-depth Analysis Aspects
Mention certain other aspects which will include the Porter Five Forces, Patent analysis, PESTEL Analysis, Export-Import data, and Industry Value Chain will also bind the analysis of the Durable Medical Equipment Market report.
Research Methodology
The study period of the market is considered to be 10 years (2019-2029) which will be analysed through the two major research techniques – Primary and Secondary Research methods. The primary research method includes the interviews of the key personnel in the industry considered as the industry experts, major distributors, suppliers, and consumer base sample survey to understand the direct perspective of the market. Additionally, these data are backed by the secondary research method which includes company overview through websites, annual reports, SEC filings, investor presentations, news, and databases. The growth trends are always measured based on current and past scenarios considering any recent news which can drastically impact the growth rate of the market studied. Moreover, the consumption forecast depends on the company’s upcoming plans and revenue generation aspects.
Benefits of The Report
- The Durable Medical Equipment Market report is designed to understand the past, present, and future market scenarios considering all the growth, restraining, and other factors influencing the market studied.
- The report is designed with the assistance of the industry experts for a better understanding of the market studied
- The market is analysed with an in-depth study of the company’s view on the market considering the present economic, political, social, geographical, and legal factors.
- To gain a clear insight for a better future perspective of the market studied in 360-degree synopsis.
- Understand the competition in the market is a part of the market or a new entrant in the market.
- Analyse the different aspects in different geographies influencing the growth of the Durable Medical Equipment Market through a diverse consumer base.
Table of Content
1. Market Overview
1.1 Research Methodology
1.2 Definitions and Scope
2. Market - Executive Summary
2.1 Market Opportunity
2.2 Key Trends by Product Segments
2.3 Key Trends by Geography
3. Durable Medical Equipment Market Landscape
3.1 Comparative analysis
3.1.1 Product Benchmarking - Top 10 companies
3.1.2 Top 5 Financials Analysis
3.1.3 Market Value split by Top 10 companies
3.1.4 Pricing Analysis
4. Market Forces
4.1 Market Drivers
4.1.1 High R&D Expenditure
4.1.2 Rising Cases of Chronic Diseases
4.2 Market Constraints
4.2.1 Lack of Skilled Workforce
4.2.2 Other Constraints
4.3 Market Challenges
4.4 Porter’s Five Forces
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
5. Durable Medical Equipment Market - Strategic Analysis
5.1 Value Chain
5.2 Opportunity
5.3 Patent Analysis
6. Global Durable Medical Equipment Market Outlook
6.1 Global Durable Medical Equipment Market Outlook, by Product, 2019-2029
6.1.1 Personal Mobility Devices
6.1.1.1 Wheelchair
6.1.1.2 Walker
6.1.1.3 Crutch and Cane
6.1.1.4 Other Personal Mobility Devices
6.1.2 Medical Furniture and Bathroom Safety Devices
6.1.2.1 Medical Bed and Mattress
6.1.2.2 Toilet and Commode
6.1.2.3 Other Medical Furniture and Bathroom Safety Devices
6.1.3 Monitoring and Therapeutic Devices
6.1.3.1 Blood Glucose Monitor
6.1.3.2 Oxygen Equipment
6.1.3.3 Infusion Pump
6.1.3.4 Vital Sign Monitor
6.1.3.5 Other Monitoring and Therapeutic Devices
6.2 Global Durable Medical Equipment Market Outlook, by End User, 2019-2029
6.2.1 Hospitals / Clinics
6.2.2 Ambulatory Surgical Center
6.2.3 Home Healthcare
6.2.4 Other End-user
7. Asia Pacific Durable Medical Equipment Market Outlook
7.1 Key Snapshot
7.2 Asia Pacific Durable Medical Equipment Market Outlook, by Product, 2019-2029
7.2.1 Personal Mobility Devices
7.2.1.1 Wheelchair
7.2.1.2 Walker
7.2.1.3 Crutch and Cane
7.2.1.4 Other Personal Mobility Devices
7.2.2 Medical Furniture and Bathroom Safety Devices
7.2.2.1 Medical Bed and Mattress
7.2.2.2 Toilet and Commode
7.2.2.3 Other Medical Furniture and Bathroom Safety Devices
7.2.3 Monitoring and Therapeutic Devices
7.2.3.1 Blood Glucose Monitor
7.2.3.2 Oxygen Equipment
7.2.3.3 Infusion Pump
7.2.3.4 Vital Sign Monitor
7.2.3.5 Other Monitoring and Therapeutic Devices
7.3 Asia Pacific Durable Medical Equipment Market Outlook, by End User, 2019-2029
7.3.1 Hospitals / Clinics
7.3.2 Ambulatory Surgical Center
7.3.3 Home Healthcare
7.3.4 Other End-user
7.4 Asia Pacific Durable Medical Equipment Market Outlook, by Country, 2019-2029
7.4.1 China Durable Medical Equipment Market Outlook, 2019-2029
7.4.2 India Durable Medical Equipment Market Outlook, 2019-2029
7.4.3 Japan Durable Medical Equipment Market Outlook, 2019-2029
7.4.4 South Korea Durable Medical Equipment Market Outlook, 2019-2029
7.4.5 Australia Durable Medical Equipment Market Outlook, 2019-2029
7.4.6 Rest of Asia Pacific Durable Medical Equipment Market Outlook, 2019-2029
8. North America Durable Medical Equipment Market Outlook
8.1 Key Snapshot
8.2 North America Durable Medical Equipment Market Outlook, by Product, 2019-2029
8.2.1 Personal Mobility Devices
8.2.1.1 Wheelchair
8.2.1.2 Walker
8.2.1.3 Crutch and Cane
8.2.1.4 Other Personal Mobility Devices
8.2.2 Medical Furniture and Bathroom Safety Devices
8.2.2.1 Medical Bed and Mattress
8.2.2.2 Toilet and Commode
8.2.2.3 Other Medical Furniture and Bathroom Safety Devices
8.2.3 Monitoring and Therapeutic Devices
8.2.3.1 Blood Glucose Monitor
8.2.3.2 Oxygen Equipment
8.2.3.3 Infusion Pump
8.2.3.4 Vital Sign Monitor
8.2.3.5 Other Monitoring and Therapeutic Devices
8.3 North America Durable Medical Equipment Market Outlook, by End User, 2019-2029
8.3.1 Hospitals / Clinics
8.3.2 Ambulatory Surgical Center
8.3.3 Home Healthcare
8.3.4 Other End-user
8.4 North America Durable Medical Equipment Market Outlook, by Country, 2019-2029
8.4.1 United States Durable Medical Equipment Market Outlook, 2019-2029
8.4.2 Canada Durable Medical Equipment Market Outlook, 2019-2029
8.4.3 Mexico Durable Medical Equipment Market Outlook, 2019-2029
9. Europe Durable Medical Equipment Market Outlook
9.1 Key Snapshot
9.2 Europe Durable Medical Equipment Market Outlook, by Product, 2019-2029
9.2.1 Personal Mobility Devices
9.2.1.1 Wheelchair
9.2.1.2 Walker
9.2.1.3 Crutch and Cane
9.2.1.4 Other Personal Mobility Devices
9.2.2 Medical Furniture and Bathroom Safety Devices
9.2.2.1 Medical Bed and Mattress
9.2.2.2 Toilet and Commode
9.2.2.3 Other Medical Furniture and Bathroom Safety Devices
9.2.3 Monitoring and Therapeutic Devices
9.2.3.1 Blood Glucose Monitor
9.2.3.2 Oxygen Equipment
9.2.3.3 Infusion Pump
9.2.3.4 Vital Sign Monitor
9.2.3.5 Other Monitoring and Therapeutic Devices
9.3 Europe Durable Medical Equipment Market Outlook, by End User, 2019-2029
9.3.1 Hospitals / Clinics
9.3.2 Ambulatory Surgical Center
9.3.3 Home Healthcare
9.3.4 Other End-user
9.4 Europe Durable Medical Equipment Market Outlook, by Country, 2019-2029
9.4.1 United Kingdom Durable Medical Equipment Market Outlook, 2019-2029
9.4.2 Germany Durable Medical Equipment Market Outlook, 2019-2029
9.4.3 France Durable Medical Equipment Market Outlook, 2019-2029
9.4.4 Italy Durable Medical Equipment Market Outlook, 2019-2029
9.4.5 Russia Durable Medical Equipment Market Outlook, 2019-2029
9.4.6 Rest of Europe Durable Medical Equipment Market Outlook, 2019-2029
10. Latin America Durable Medical Equipment Market Outlook
10.1 Key Snapshot
10.2 Latin America Durable Medical Equipment Market Outlook, by Product, 2019-2029
10.2.1 Personal Mobility Devices
10.2.1.1 Wheelchair
10.2.1.2 Walker
10.2.1.3 Crutch and Cane
10.2.1.4 Other Personal Mobility Devices
10.2.2 Medical Furniture and Bathroom Safety Devices
10.2.2.1 Medical Bed and Mattress
10.2.2.2 Toilet and Commode
10.2.2.3 Other Medical Furniture and Bathroom Safety Devices
10.2.3 Monitoring and Therapeutic Devices
10.2.3.1 Blood Glucose Monitor
10.2.3.2 Oxygen Equipment
10.2.3.3 Infusion Pump
10.2.3.4 Vital Sign Monitor
10.2.3.5 Other Monitoring and Therapeutic Devices
10.3 Latin America Durable Medical Equipment Market Outlook, by End User, 2019-2029
10.3.1 Hospitals / Clinics
10.3.2 Ambulatory Surgical Center
10.3.3 Home Healthcare
10.3.4 Other End-user
10.4 Latin America Durable Medical Equipment Market Outlook, by Country, 2019-2029
10.4.1 Brazil Durable Medical Equipment Market Outlook, 2019-2029
10.4.2 Argentina Durable Medical Equipment Market Outlook, 2019-2029
10.4.3 Rest of Latin America Durable Medical Equipment Market Outlook, 2019-2029
11. Middle East and Africa Durable Medical Equipment Market Outlook
11.1 Key Snapshot
11.2 Middle East and Africa Durable Medical Equipment Market Outlook, by Product, 2019-2029
11.2.1 Personal Mobility Devices
11.2.1.1 Wheelchair
11.2.1.2 Walker
11.2.1.3 Crutch and Cane
11.2.1.4 Other Personal Mobility Devices
11.2.2 Medical Furniture and Bathroom Safety Devices
11.2.2.1 Medical Bed and Mattress
11.2.2.2 Toilet and Commode
11.2.2.3 Other Medical Furniture and Bathroom Safety Devices
11.2.3 Monitoring and Therapeutic Devices
11.2.3.1 Blood Glucose Monitor
11.2.3.2 Oxygen Equipment
11.2.3.3 Infusion Pump
11.2.3.4 Vital Sign Monitor
11.2.3.5 Other Monitoring and Therapeutic Devices
11.3 Middle East and Africa Durable Medical Equipment Market Outlook, by End User, 2019-2029
11.3.1 Hospitals / Clinics
11.3.2 Ambulatory Surgical Center
11.3.3 Home Healthcare
11.3.4 Other End-user
11.4 Middle East and Africa Durable Medical Equipment Market Outlook, by Country, 2019-2029
11.4.1 Saudi Arabia Durable Medical Equipment Market Outlook, 2019-2029
11.4.2 UAE Durable Medical Equipment Market Outlook, 2019-2029
11.4.3 South Africa Durable Medical Equipment Market Outlook, 2019-2029
11.4.4 Rest of Middle East and Africa Durable Medical Equipment Market Outlook, 2019-2029
12. Durable Medical Equipment Market -Entropy
12.1 New Product Launches
12.2 M&A, Collaborations, JVs, and Partnerships
13. Durable Medical Equipment Market Company Analysis
13.1 Market Share Analysis, Financial Analysis, Product Synopsis, Recent News, and Developments
13.2 Compass Health Brands
13.3 GE Healthcare
13.4 Getinge AB
13.5 GF Health Products Inc.
13.6 Medtronic PLC
13.7 Invacare Corporation
13.8 Drive Medical
13.9 ArjoHuntleigh
13.10 Omron Corporation
13.11 Hill Rom, Inc.
Top Major Players List :- Durable Medical Equipment Market
- Compass Health Brands
- GE Healthcare
- Getinge AB
- GF Health Products Inc.
- Medtronic PLC
- Invacare Corporation
- Drive Medical
- ArjoHuntleigh
- Omron Corporation
- Hill Rom, Inc.
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