Growing aging population and increasing adoption of advanced medical equipment in developing countries are key factors driving growth of the global durable medical equipment market
Vancouver, BC -- (SBWIRE) -- 05/03/2021 -- 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.
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Some 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.
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.
Durable Medical Equipment Market Segmentation:
For the purpose of this report, 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)
End-Use Outlook (Revenue, USD Billion; 2018–2028)
Long Term Care Centers
Home Care Settings
Ambulatory Surgical Centers
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Global Durable Medical Equipment Market Report – Key Takeaways:
The latest research report analyzes the changing competitive scenario.
The report carries an unbiased perspective towards the global market performance.
The study presents an eight-year assessment of the global market and its principal product segments.
Market dynamics, such as drivers, opportunities, restraints, and threats, have been discussed in the report in detail.
The analytical data and strategic planning methodologies are expected to aid businesses in decision-making
The report serves as an exhaustive regional analysis of the global Durable Medical Equipment market, systematically presenting the business profiles of various stakeholders.
Furthermore, the report provides valuable data about the critical factors influencing market progress.
Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.4. Research Sources
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2018-2028
Chapter 3. Key Insights
Chapter 4. Global Durable Medical Equipment Market Segmentation & Impact Analysis
4.1. Global Durable Medical Equipment Market Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
188.8.131.52. Growing aging population
184.108.40.206. Increasing number of hospitals and elderly care centers.
4.2.3. Market restraints analysis
220.127.116.11. Lack of skilled professionals
18.104.22.168. High maintenance cost
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter's Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 5. Global Durable Medical Equipment Market Product Type Insights & Trends, Revenue (USD Billion)
5.1. Product Type Dynamics & Market Share, 2018 & 2028
5.1.1. Bathroom Safety Devices and Medical Furniture
5.1.2. Personal Mobility Devices
5.1.3. Monitoring and Therapeutic Devices
Chapter 6. Global Durable Medical Equipment Market Payer Insights & Trends Revenue (USD Billion)
6.1. Payer Dynamics & Market Share, 2018 & 2028
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About Emergen Research
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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