Press release
Global Durable Medical Equipment (DME) Market Growth Analyzed in a New Research Study
The bar of competition in the global durable medical equipment (DMI) market has been on a rise over the past decade. This can be attributed to the quest of the vendors to increase their margin of profit and consolidate their financial position. Furthermore, the leading vendors in the global durable medical equipment (DMI) market are projected to acquire the smaller players with the intent to increase their geographical reach. Mergers and strategic partnerships could also be a recurring trend in the global durable medical equipment (DMI) market in the years to come.
This report on the global durable medical equipment (DME) market analyzes the current and future prospects of the market. The report comprises an elaborate executive summary, including a market snapshot that provides overall information of various segments and sub-segments.
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The research is a combination of primary and secondary research. Primary research formed the bulk of our research efforts along with information collected from telephonic interviews and interactions via e-mails. Secondary research involved study of company websites, annual reports, press releases, stock analysis presentations, and various international and national databases. The report provides market size in terms of US$ Mn for each segment for the period from 2015 to 2025, considering the macro and micro environmental factors. Growth rates in terms of % CAGR from 2017 to 2025 for each segment within the global durable medical equipment (DME) market have been determined after a thorough analysis of past trends, demographics, future trends, technological developments, and regulatory requirements.
A detailed qualitative analysis of factors responsible for driving and restraining market growth and future opportunities has been provided in the market overview section. This section of the report also includes market attractiveness analysis that provides a thorough analysis of the overall competitive scenario in the global durable medical equipment (DME) market.
Market revenue in terms of US$ Mn for the period between 2015 and 2025 along with the compound annual growth rate (CAGR %) from 2017 to 2025 are provided for all the segments, considering 2015 as the base year. Market size estimations involved in-depth study of services and product and features of different types of products. Additionally, market related factors such as increase in prevalence of cancer and rare diseases, rise in demand for regenerative and cell-based therapies and historical year-on-year growth have been taken into consideration while estimating the market size.
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Durable Medical Equipment (DME) Market: Segmentation
The durable medical equipment (DME) market has been segmented into three categories, namely by equipment, by end-user and by region. Based on equipment type the market is segmented into personal mobility devices (wheelchairs, crutches & canes, walkers, and others), medical furniture (medical beds, mattress, stretchers, lift chairs, and others), bathroom safety devices (commodes, toilet rails/frames, and others), and monitoring & therapeutic devices (blood glucose monitors, oxygen equipment, vital sign monitors, infusion pumps, and others). While on the basis of end-users, the market is classified into hospitals, long-term care centers, ambulatory surgical centers, home care settings, and others.
Durable Medical Equipment (DME) Market: Geographical and Competitive Dynamics
Geographically, the global durable medical equipment (DME) market has been segmented into five regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In addition, the regions have been further segmented by major countries from each region. These include the U.S., Canada, the U.K., Germany, France, Italy, Spain, China, Japan, India, Australia and New Zealand, GCC Countries, Saudi Arabia, Brazil, and Mexico.
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.
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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
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