Durable Medical Equipment Market is forecast to grow at a CAGR of 6.1% from 2023 to 2029
Pune 23/10/2023 : - The 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 Industry Overview
Maximize Market Research stands out as a prominent research firm, providing an intricate analysis of the Durable Medical Equipment Industry. Their comprehensive report encompasses crucial business insights, demand dynamics, pricing trends, and a thorough examination of the competitive landscape. The projected trajectory indicates significant market expansion, foreseeing a growth from USD in 2022 to USD by 2029, reflecting a noteworthy CAGR over the forecast period spanning from 2022 to 2029.
Durable Medical Equipment Industry Scope and Methodology:
The report outlines key industry players categorized by region, presenting insights into their revenue, financial health, portfolio, and technical advancements for a comprehensive competitive analysis of the worldwide Durable Medical Equipment Industry. Employing a bottom-up approach for market estimation, the analysis integrates both qualitative and quantitative data from primary and secondary sources. A SWOT analysis delves into the strengths and weaknesses of the Durable Medical Equipment Industry, while PESTLE analysis is applied to discern the potential influence of micro-economic factors on the market.
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Durable Medical Equipment Industry Regional Insights
The Durable Medical Equipment Industry extends its reach across North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The report provides a thorough exploration of elements such as market dimensions, growth rates, and regional import-export dynamics. The Regional Analysis segment offers an in-depth assessment of the status of the Durable Medical Equipment Industry within the countries specified in the report.
Durable Medical Equipment Industry 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
by Patient
Adult
Pediatric
by End-User
Home healthcare
Inpatient care
Outpatient care
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Durable Medical Equipment Industry 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.
Key questions answered in the Durable Medical Equipment Industry are:
- What is Durable Medical Equipment?
- What was the Durable Medical Equipment Industry size in 2022?
- What are the different segments of the Durable Medical Equipment Industry?
- What growth strategies are the players considering to increase their presence in Durable Medical Equipment?
- What are the upcoming industry applications and trends for the Durable Medical Equipment Industry?
- What segments are covered in the Durable Medical Equipment Industry?
- Who are the leading companies and what are their portfolios in Durable Medical Equipment Industry?
- What segments are covered in the Durable Medical Equipment Industry?
- Who are the key players in the Durable Medical Equipment Industry?
Key Offerings:
- Past Market Size and Competitive Landscape
- Past Pricing and price curve by region
- Market Size, Share, Size & Forecast by different segment | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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