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Durable Medical Equipment Market Size Worth USD 305.17 Billion in 2028, Market Trend – Technological advancements in medical equipment manufacturing

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Durable Medical Equipment Market Size Worth USD 305.17 Billion in 2028, Market Trend – Technological advancements in medical equipment manufacturing

April 26
21:10 2021
The global durable medical equipment market size reached USD 192.93 Billion in 2020 and is expected to register a CAGR of 5.8% during the forecast period.

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. Durable medical equipment is designed to manage various medical conditions, illnesses, and offer therapeutic benefits and convenience to patients.

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The competitive landscape of the report has been formulated by considering all the vital parameters such as company profiling, market share, recent developments and advancements, gross margins, product portfolio, revenue generation, financial standing, market position, and expansion plans. The report also discusses in detail the recent mergers and acquisitions, joint ventures, collaborations, product launches and brand promotions, agreements, corporate and government deals, and partnerships, among others. The report also sheds light on the recent technological developments and product advancements in the Durable Medical Equipment market.

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.

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)
    • Private
    • Public
    • Out-of-Pocket
  • End-Use Outlook (Revenue, USD Billion; 2018–2028)
    • Clinics
    • Hospitals
    • Long Term Care Centers
    • Home Care Settings
    • Ambulatory Surgical Centers
    • Others

The Global Durable Medical Equipment Market is further analyzed across the key geographical locations where the market has expanded to a significant size. The key region analyzed are North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The report offers a country-wise analysis to provide a comprehensive analysis of the Durable Medical Equipment market in terms of production and consumption patterns, supply and demand ratio, import/export, revenue contribution, trends, and presence of prominent players in each region.

To know more about the report, visit @ https://www.emergenresearch.com/industry-report/durable-medical-equipment-market

Regional Analysis Covers:

  • 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)

Table of Content

Chapter 1. Methodology & Sources

    1.1. Market Definition

    1.2. Research Scope

    1.3. Methodology

    1.4. Research Sources

          1.4.1. Primary

          1.4.2. Secondary

          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

                    4.2.2.1. Growing aging population

                    4.2.2.2. Increasing number of hospitals and elderly care centers.

          4.2.3. Market restraints analysis

                    4.2.3.1. Lack of skilled professionals

                    4.2.3.2. 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

          6.1.1. Private

          6.1.2. Public

          6.1.3. Out-of-Pocket

Chapter 7. Global Durable Medical Equipment Market End-Use Insights & Trends Revenue (USD Billion)

    7.1. End-Use Dynamics & Market Share, 2018 & 2028

          7.1.1. Clinics

          7.1.2. Hospitals

          7.1.3. Long Term Care Centers

          7.1.4. Home Care Settings

          7.1.5. Ambulatory Surgical Centers

          7.1.6. Others

CONTINUED…!

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