Durable Medical Equipment (DME) Market Forecast to 2026 – COVID-19 Impact and Global Analysis by Product Type, Indication, End User, and Geography

Report Ocean presents a new report on global healthcare market size, share, growth, industry trends, and forecast 2026, covering various industry elements and growth trends helpful for predicting the market’s future.

The global durable medical equipment (DME) market is anticipated to reach USD 246.6 billion by 2026. Durable Medical Equipment (DME) is provides beneficial benefits to a patient in need because of certain illnesses or/ and medical conditions. The durable medical equipment is primarily used to serve a medical purpose. They can be used at home and they are reusable.

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In order to produce a holistic assessment of the market, a variety of factors is considered, including demographics, business cycles, and microeconomic factors specific to the market under study. Global healthcare market report 2021 also contains a comprehensive business analysis of the state of the business, which analyzes innovative ways for business growth and describes critical factors such as prime manufacturers, production value, key regions, and growth rate.

The Centers for Medicare and Medicaid Services report that US healthcare expenditures grew by 4.6% to US$ 3.8 trillion in 2019, or US$ 11,582 per person, and accounted for 17.7% of GDP. Also, the federal government accounted for 29.0% of the total health expenditures, followed by households (28.4%). State and local governments accounted for 16.1% of total health care expenditures, while other private revenues accounted for 7.5%.

This study aims to define market sizes and forecast the values for different segments and countries in the coming eight years. The study aims to include qualitative and quantitative perspectives about the industry within the regions and countries covered in the report. The report also outlines the significant factors, such as driving factors and challenges, that will determine the market’s future growth. 

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The technological advancement in medical equipment is one of the key factors responsible for growth of durable equipment market globally. The progress in medical equipment technologies has helped in advance and treatment diagnosis. For example, for blood sugar testing, urine test was used. But these days, introduction of blood glucose strips made easy detection of sugar level in blood. Moreover, rising geriatric population also increases the demand for durable medical equipment. The old people are more susceptible to chronic diseases that require extensive care. According to World Health organization, the number of people aged 60 or above is projected to reach 1.5 billion by 2050. The WHO says, between 2015 and 2050, the proportion of the world’s population over 60 years will almost double from 12% to 22%.

The global durable medical equipment (DME) market is segmented on the basis of device type, end user, and by region. By device type, the global durable medical equipment market is further segmented into three major categories, which includes therapeutic and monitoring devices, personal mobility devices, and medical furniture and bathroom safety devices. The therapeutic and monitoring segment is further segmented into, infusion pumps, nebulizers, blood glucose monitors, oxygen equipment, and other devices. The therapeutic and monitoring segment estimated to grow at high pace during the forecast period. The personal mobility devices segment is further categorized into, Walker and rollators, Scooters, Wheelchairs, Door openers, and other devices. The personal mobility devices are estimated to account major share in global durable medical equipment market in 2017. On the basis of medical furniture and bathroom safety devices, the global durable medical equipment market is further segmented into, Bedding & mattresses devices, and commodes and toilets.

By end user, the global durable medical equipment (DME) market is further sub segmented into Hospitals, specialty clinics, ambulatory surgical centers, diagnostic centers, home healthcare, and others. On the basis of end user, the hospital segmented is expected to hold high share in global durable medical equipment market. The easy availability of medical devices in hospitals is the key factor responsible for high share of the segment in the global durable medical equipment market.

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On the basis of geography, the global durable medical equipment market is segmented into five major regions, North America, Europe, Asia Pacific, Latin America, and Middle East& Africa. The North America is estimated to account major share in global durable medical equipment market. The Asia Pacific is expected to grow at high CAGR over the forecast period in the global durable medical equipment market.

The major players in the durable medical equipment (DME) market include as Stryker Corporation, Medtronic plc., Baxter International, Inc., Medline Industries, Inc., Becton, Dickinson and Company, Sunrise Medical (US) LLC, Invacare Corporation, ResMed, Inc., Hill-Rom Holdings, Inc., among other players.

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What is the key information extracted from the report?

Extensive information on factors estimated to affect the Market growth and market share during the forecast period is presented in the report.
The report offers the present scenario and future growth prospects Market in various geographical regions.
The competitive landscape analysis on the market as well as the qualitative and quantitative information is delivered.
The SWOT analysis is conducted along with Porter’s Five Force analysis.
The in-depth analysis provides an insight into the Market, underlining the growth rate and opportunities offered in the business.

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