Durable Medical Equipment (DME) is booming worldwide anticipated to Show Strong Growth in Future Owing to the Rising Chronic Disease Incidences: Top Key Players Stryker Corporation, Invacare Corporation, Drive Medical, Carex Health Brands, Inc., and Medli

AnalystView Market Insights recently introduced Global Durable Medical Equipment (DME) Market study to its report store. The global DME market is expected to grow at growth rate of 6.8% to reach USD 243.3 billion by 2025.
This study focuses on the market status, growth projection, key players’ revenue share, drivers, restraints and opportunities with respect to the global durable medical equipment market. This published report studies global market in terms of type, and end-use. Also, geographies such as North America, Europe, Asia Pacific, Middle East, and Africa and Latin America are studied in detail.

Durable medical equipment is used to gain therapeutics and diagnostic benefits to the patients with disease conditions such as cardiovascular, respiratory, cancer and others. Durable medical equipment examples are wheelchairs, walkers, rollators, hospital beds, and various others. Rising incidences of such conditions across the world drive the industry growth to great extent. For example, according to the Centers for Disease Control and Prevention (CDC), approximately 630,000 U.S. people (1 in every 4 death) die due to the cardiovascular problem every year. Additionally, as per the International Agency for Research on Cancer, around 14.1 million cancer cases were reported in 2012 and more than 32 million people are living with cancer worldwide. Other factors such as technological advancements, aging population, rising disability, and favorable government activities drive the market growth to some extent. However, low reimbursement rates are posing a potential threat to this industry. For instance, Medicare consider only medically required durable equipment for reimbursement purpose.

Get access to exclusive PDF brochure of this study @
www.analystviewmarketinsights.com/request_sample/av179/

Key Takeaways
• Monitoring and therapeutic devices captured the highest share (i.e. more than 87% share) of the global durable medical equipment market. Rising chronic disease incidences majorly driving this segment growth globally.
• Home healthcare segment is anticipated to grow with the highest growth rate of 7.3% during the future period. Rising healthcare cost, demographic shift, and favorable government initiatives to promote home healthcare support this segment growth in future.
• Geographically, developed regions such as North America and Europe accounted for the largest share of the global industry. Collectively, these regions have captured more than 65% share of the overall market.
• Key players such as Invacare Corporation, Stryker Corporation, Carex Health Brands, Inc., Drive Medical, and Medline Industries are profiled extensively.
• As a strategic step, the leading players are merging or acquiring well-established domestic companies to enhance their presence or to occupy large customer base. For example, in February 2017, Hill-Rom acquired Mortara Instrument, Inc. to increase their product portfolio.

Click here to obtain more highlight on “Durable Medical Equipment (DME) Market, By Type, End Use, and Geography – Analysis, Share, Trends, Size, & Forecast From 2014 – 2025” study @
www.analystviewmarketinsights.com/report-highlight-durable-medical-equipment-dme-market/

The global durable medical equipment market is segmented on the basis of:

Market, by Types
- Monitoring and Therapeutic Devices
- Personal Mobility Devices
- Bathroom Safety Devices and Medical Furniture

Market, by End Use
- Home Healthcare
- Hospital Settings
- Others

The following key players are profiled in this study:
- Invacare Corporation
- Stryker Corporation
- Carex Health Brands, Inc.
- Drive Medical
- Medline Industries

1. Well-designed strategic framework design for these key players will help to understand the market movement including regional expansion, mergers & acquisitions, and new product developments
2. Thorough SWOT i.e. Strength, Weakness, Opportunities and Threat for individual company profiling is analyzed in order to present a detailed market opportunity assessment.

Key benefits of the report:
• The report presents a macro and micro-level outlook regarding the industry. Thus, it becomes easy for our clients to perceive the business landscape and take a glimpse of their own standing in it.
• A thorough analysis of relevant statistical data to estimate the market paradigms
• Exceptional understanding of region and country-specific markets. The report will answer some of the toughest questions regarding the market shares, sizes, forecasts segmentations, and growth specific to the countries.
• Well-designed strategic framework analyzes the market movements including regional expansion, mergers & acquisitions, and new product developments

Research Methodology:
- Preliminary Data Mining: Secondary Research, Paid Databases, Primary Research
- Data Synthesis & Analysis: Top-Down Approach, Bottom-Up Approach, Supply Side and Demand Side
- Market Formulation: Market Dynamics, Total Addressable Market and Machine Learning Technique
- Data Verification: Quality Assurance and Reach a Conclusion

To enquire more about our research process and report store, please connect @
https://www.analystviewmarketinsights.com/get-in-touch/

About Us
AnalystView Market Insights is a market research and consulting firm that adopts a proactive approach to provide the diverse need for accurate and precise market research, custom research, and consulting solutions across geographies and industry verticals. We strive to develop meaningful and evidence-based research data that helps our clients, empowering organizations and brands of all sizes with strategic analysis, accurate data, and consumer trends for various industries such as Healthcare, Bulk Chemicals, Semiconductors, Electronics, and Foods and Beverages.

Contact Us
Mr. Jose (Press & Marketing Manager)
Corporate Sales, USA
AnalystView Market Insights
Email: sales@analystviewmarketinsights.com
Tel: +91-757-498-5725 (Asia-Pacific Business Centre)
Web: www.analystviewmarketinsights.com

This release was published on openPR.