Global Durable Medical Equipment (DME) Market Highlights Key Development Factors and Upcoming Trends During forecast 2017-2025

In order to study the various trends and patterns prevailing in the overall market for Durable Medical Equipment (DME), Market Research Reports Search Engine (MRRSE) has included a new report titled “Durable Medical Equipment (DME) Market” to its wide online database. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future. Readers can access the regional as well as segment-wise analysis for acquiring precise information about the global market structure.

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Global durable equipment market is reasonably fragmented due to a strong presence of several players. The key players contributing to the market dynamics are Stryker Corporation, Medtronic plc., Baxter International, Inc., Becton, Dickinson and Company, Invacare Corporation, Medline Industries, Inc., Sunrise Medical (US) LLC, Drive DeVilbiss Healthcare, Inc. (Medical Depot Inc.), ResMed, Inc., and Hill-Rom Holdings, Inc. Companies are expected to focus on developing customized solutions to cater to individual needs of the end users to maintain a place in the highly competitive market.

According to MRRSE, the global durable medical equipment (DME) market is expected to be worth US$228.65 mn by the end of 2025 from US$112.30 mn in 2016. During the forecast period of 2017 and 2025, the global market is expected to surge at a CAGR of 8.3%. Amongst the various types of equipment, the bathroom safety devices are expected to drive the global market. Increasing awareness about ensuring bathroom safety, especially within households, to avert traumatic injuries is expected to favor this segment in the near future. Geographically, Asia Pacific is expected to lead the global market in the coming years. The increasing geriatric population in this region is expected to drive the market.

Awareness about Patient’s Comfort to Spike Demand for Durable Medical Equipment

The growing awareness about patient’s comfort has given the global durable medical equipment market a much-needed impetus. The devices available in this market are predominantly meant for therapeutic use and are designed in way to alleviate the discomforts of the illnesses. Commercialization of sturdy equipment that has recurring uses has encouraged several end users to investment in various types of durable medical equipment over the years. The growing community of home caregivers are have propelled the demand for wheelchairs, commodes, and toilet rails amongst others. Furthermore, mushrooming elderly care centers are expected to be stoke the demand for durable medical equipment in the coming years.

Firm investments by durable medical equipment (DME) industries and close cooperation of government, national institutes, and physicians with vigorous hands-on training for medical professionals, improving lifestyle, increasing demand and adoption rate of high end technology devices and equipment, has brought about technology enhancement and increased value for money in durable medical equipment (DME) market. The high incidence of chronic conditions such as cancer, cardiovascular diseases, and other disabilities are also projected to up the usage of durable medical equipment in home care settings as well as hospitals. Regions with high and growing geriatric population are anticipated to be fertile grounds for the growth of this market in the coming years.

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The report also profiles major players in the durable medical equipment (DME) market based on various attributes such as company overview, financial overview, SWOT analysis, key business strategies, product portfolio, and recent developments. Key companies profiled in the report include as Stryker Corporation, Baxter International, Inc. Medtronic plc., Becton, Dickinson and Company, Medline Industries, Inc., Invacare Corporation, Sunrise Medical (US) LLC, ResMed, Inc., Drive DeVilbiss Healthcare, Inc. (Medical Depot Inc.) and Hill-Rom Holdings, Inc.

The global durable medical equipment (DME) market is segmented as follows:

Global Durable Medical Equipment (DME) Market Revenue, by Equipment Type

Personal Mobility Devices
Wheelchairs
Crutches & Canes
Walkers
Others
Bathroom Safety Devices
Commodes
Toilet Rails/Frames
Others
Medical Furniture
Medical Beds
Mattress
Stretchers
Lift Chairs
Others
Monitoring and Therapeutic Devices
Blood Glucose Monitors
Oxygen Equipment
Vital Sign Monitors
Infusion Pump
Others

Global Durable Medical Equipment (DME) Market Revenue, by End User

Hospitals
Long-term Care Centers
Ambulatory Surgical Centers
Home Care Settings
Others

Global Durable Medical Equipment (DME) Market Revenue, by Geography

North America
US
Canada
Europe
UK
Germany
France
Italy
Spain
Rest of Europe
Asia Pacific
China
Japan
India
Australia & New Zealand
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East and Africa
South Africa
GCC Countries
Israel
Rest of Middle East & Africa

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This release was published on openPR.